By Christy Klancher, Sr. Attorney Editor, Thomson Reuters
What would you do if your museum has a collection of indigenous art on permanent loan from a country that subsequently passes a law requiring that all of its art must be returned? Would you return the collection?
Would your answer change if you learned that the country will destroy the collection if it gets it back, as part of a plan to erase all evidence of the existence of that indigenous people?
This was one of the questions posed at the wonderful Thomson Reuters sponsored CLE (Continued Legal Education) session which I recently attended. It was called Who Owns Matisse? Who Owns Art? A Panel Discussion on Law and Art, and took place at the Minneapolis Institute of Arts. (more…)
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This week’s post is by Vincenzo Dimase, FX Market Development Manager Europe West at Thomson Reuters.
Since their introduction in 2009, cryptocurrencies have attracted the attention of a variety of stakeholders in the financial community, from private investors to financial institutions and authorities. In the new landscape of cryptocurrencies, bitcoin has the highest market capitalization.
Leveraging advanced encryption technologies, bitcoins: (more…)
The decision by U.S. Congress last week reverse the so-called swaps ”pushout” rule for certain derivatives contacts will put a greater responsibility on regulators to demonstrate they have effective oversight over bank activities of the sort that played a role in the 2008 financial crisis and ‘London whale’ trading debacle.
Specifically, certain un-cleared credit default swaps comprised most of the contracts that were included in the push-out rule, or Section 716 of the Dodd-Frank Act. The rule requires banks that wished engaged in this activity to place them in separate affiliates with higher capital requirements. As such, they would not be funded through the deposit gathering activities of banks, seen as an important lesson from the financial crisis. (more…)
Earlier this week, our IP & Science business launched its 2014 State of Innovation India report. This is the second consecutive year of the study, which is conducted by looking at patent activity to gain a clearer understanding of the innovation landscape in India. The study showcases twelve leading sectors and analyzes the innovation in each based on patent activity. This year, for the first time, the Computing & Control technology sector has drawn level with the Pharmaceuticals sector, with each taking 17% of the overall share of Indian Innovation. Today’s graphic gives a brief snapshot of the report, as well as the 2014 India Innovation Awards.
Download the full report.
Stonewall, the UK based charitable organization that supports lesbian, gay and bisexual individuals have produced a series of global guides relating to the workplace. Thomson Reuters contributed to and is featured in their latest guide on Global Employee Network Groups. On the evening of December 9th we had the privilege of presenting at the latest Stonewall Workplace Guide launch at Barclays in Canary Wharf, London.
The presenters and panelists included Sholto West, Stonewall International Workplace office and author of the latest guide, Amy Stanning, Senior Programme Manager and Barclays and co-chair of their Spectrum LGBT Network and Kathryn Townsend, Strategic Transformation Leader, Accessibility at Barclays and co-chair of their Spectrum LGBT network.
The event was introduced by Mark McLane, Head of Global Diversity and Inclusion at Barclays and then Sholto lead us into a very interesting overview of the guide.
Outlined below are some of the key themes from the guide: (more…)
Thomson Reuters Foundation CEO Monique Villa has been named among the top 100 Most Influential People in Business Ethics by the Ethisphere Institute, the global leader in defining and advancing the standards of ethical business practices.
The annual award recognizes individuals who have made a significant impact in the world of business ethics and compliance. Monique moved up in the ranking this year to #37 and was honored for her commitment to fight modern-day slavery and empower women worldwide.
As the Founder of Trust Women, Monique is the driving force behind several global efforts to advance ethical business practices. Trust Women has now become a global movement to boost women’s rights and to fight slavery worldwide. This year’s annual conference brought together over 550 delegates from 55 countries worldwide.
As a direct result of the Trust Women conference, in 2012, alongside Manhattan District Attorney Cyrus Vance Jr., Monique launched a U.S. financial working group to encourage some of the biggest financial institutions in the USA to contribute to the fight against human trafficking. Specialized NGOs have designed red flags to identify the financial footprint left by human traffickers and slavers. Today, these major banks have agreed to share suspicious data from their clients’ credit cards with law enforcement agencies.
This powerful collaboration has already led to an increase in the number of suspicious activities being reported to the New York District Attorney and could help thousands of individuals. The Thomson Reuters Foundation will now replicate this initiative in Europe with Europol.
Amid a shale-drilling boom that has overwhelmed the nation’s pipeline network, oil-train traffic has surged at least 42-fold since 2009, and 415,000 railcar loads of oil plied the nation’s tracks last year. Today’s graphic shows how the number of rail loading and unloading terminals have ballooned in the last four years.
In this short video we hear from three pioneers in the world of social entrepreneurs: Nigel Kershaw, Executive Chairman of the Big Issue Group; Claire Dove, Chair of Social Enterprise UK and CEO of the Blackburne House Group; and Andrea Coleman, co-Founder and CEO of Riders for Health. They tell us what being a social entrepreneur means to them, why social entrepreneurship is important, and what they see as the greatest challenges for the rapidly growing field.
This year we had the honor and privilege of celebrating Veteran’s Day with a very special guest, Medal of Honor Recipient Sal Giunta. Sponsored by our Corporate Responsibility & Inclusion group, along with the Veteran’s Network, Sal joined us for several events at our Eagan, Minnesota office, the highlight being a keynote address.
For those who don’t know, the Medal of Honor is the U.S. military’s highest honor. It is awarded for valor in action against an enemy force and is presented by the President on behalf of Congress. Since 1863, the Medal has only been presented 3493 times and there are only 79 recipients alive today. In fact, Sal is the first living recipient of the Medal of Honor since the Vietnam War.
Sal spent the hour relaying his personal experience in the U.S. Army and the extraordinary events that culminated in him speaking to us. His message of teamwork, respect and sacrifice on the part of our military was truly inspiring. (more…)