Coface announces that it has signed an agreement with Mr. Antoun Massaad and Mrs. Christina Massaad, co-founders of the company, to acquire the Cedar Rose Group.
EU officially launched its Competitiveness Compass, which establishes competitiveness as one of the EU’s overarching principles for action. Europe can only match its continent-sized competitors if EU and national policies are aligned around the same objectives and reinforce each other.
As part of the new EU AML package, the EU AML Directive (AMLD6), has introduced significant reforms to the existing regulatory framework. While many of the new provisions had been anticipated, a behind-the-scenes battle over the past two years—between privacy and transparency—continues to take centre stage.
Altares Dun & Bradstreet, the market leader in business data in the Benelux and France, has announced the acquisition of Companyweb, a leading player in business and credit information. With this step, Altares strengthens its leading position in the Benelux region and expands its services to the SME segment in Belgium.
During 2024, there has been a rise in the number of insolvency proceedings, of 22%, with bankruptcies being the most abundant, representing 79%, and special proceedings growing the most, 192%, to reach the highest figure of the last decade, 9,015 proceedings in total.
Corporate insolvencies in Germany are rising for the third year in a row. At the end of 2024, a new record high of 22,400 bankrupt companies was recorded.
Late payments are a significant hurdle for the competitiveness of EU companies. Delayed
payments affect firms’ liquidity, thereby hampering their ability to properly operate and to invest in growth.
As we approach the end of the year, we wanted to come back to one of the very important latest pieces of EU legislation promoting data sharing – namely the EU Data Act.
The Data Act is part of the EU’s broader Data Strategy and builds on previous legislative efforts like the GDPR and the Data Governance Act.
2024 has been a year of heightened political instability. War is raging in the Middle East and Ukraine, national elections are bringing new leaders to the fore, and militants are continuing to disrupt vital maritime routes. Going into the new year, insurers are braced for a wave of economic and conflict-based risks. Isaac Hanson reports.
The global economy continues to show resilience, with inflation rates declining without causing a recession. However, potential import tariffs from the new US administration could pose a risk to future global growth. ...