Wed. Oct 9th, 2024

TRADE & COMMERCE

LATEST NEWS

EU Commissioner McGuinness: Introductory remarks on IBAN discrimination

“The truth is even with all the work we’ve been doing trying to solve this, IBAN discrimination shouldn’t be happening, but it is, and too frequently. So nine years after the deadline for SEPA implementation, there are still companies and public administrations refusing to make or receive euro payments involving non-domestic accounts.”

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Informal Foreign Affairs Council (Development): Press remarks by EU HR Borrell upon arrival

We are going to take stock with the [EU] Cooperation and Development Ministers of our policy of cooperation with emerging countries. We are in the middle of the financial perspective. It has to be reviewed what we have done and what still has to be done. We have to review the financial allocations in order to continue doing in the framework of these two wars, because certainly, everything that we

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UNCTAD urges reforms on global debt architecture amid rising debt distress

The report advocates for a thorough re-evaluation of these factors, which encompass demographics, public health, global economic shifts, rising interest rates, geopolitical realignments, political instability, as well as the implications of sovereign debt on industrial policies in debtor states.
It proposes a five-stage life cycle for sovereign debt as a conceptual framework to analyse and improve the global debt architecture. The stages include incurring debt, issuing debt instruments, such

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The Outlook for the Economy and Monetary Policy – U.S. Fed Governor Adriana D. Kugler

“The pace of inflation continues to slow. Twelve-month inflation, as measured by the personal consumption expenditures (PCE) index, was 2.6 percent in December, down from its peak of 7.1 percent in June 2022. And the six-month rate for PCE inflation was even lower, at 2 percent. While the FOMC uses PCE inflation for our 2 percent target, we also look to core PCE inflation, which excludes more volatile food and

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FinCEN expands combat against money laundering in residential real estate

The proposed rule would require certain professionals involved in real estate closings and settlements to report information to FinCEN about non-financed transfers of residential real estate to legal entities or trusts. FinCEN’s proposal is tailored to target residential real estate transfers considered to be high-risk for money laundering, while minimizing potential business burden, and it would not require reporting of transfers made to individuals.

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Keynote speech by EU Council President Michel at the EIB Group Forum 2024

We belong to a generation that has always seen the European Union as a project for peace and prosperity. Peace and prosperity – they are intrinsically linked at the heart of our Union, each a condition for the other. In his famous declaration, Robert Schuman envisioned a union of interests in the coal and steel sectors – even back then, it was already about energy and resources.
But Schuman

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