The United States on Thursday presented a draft UN Security Council resolution ramping up sanctions on North Korea by cutting oil supplies vital for Pyongyang’s military programmes.
The council is expected to vote on the new sanctions on Friday, diplomats said.
The measure would ban the supply of nearly 90 per cent of refined oil products to North Korea and order the repatriation of all North Korean nationals working abroad within 12 months, according to the text.
The United States has…
Bank of England plans will smooth process of Brexit for EU-based banks, says expert
The process of Brexit will be smoother for European-headquartered investment banks as a result of plans outlined by the Bank of England (BoE) over the way it intends to approach authorisation and supervision of international firms in future, an expert in financial services regulation has said.
US sanctions Myanmar general who led crackdown against Rohingya
The United States on Thursday imposed sanctions on 52 people and entities for alleged human rights violations and corruption, including Myanmar general Maung Maung Soe, who oversaw a brutal crackdown against the Rohingya Muslim minority.
Others hit with sanctions included Benjamin Bol Mel, who has served as an adviser to South Sudan President Salva Kiir, former Gambian leader Yahya Jammeh, and Israeli billionaire Dan Gertler, a friend of Democratic Republic of Congo President Joseph Kabila, the…
Plans to improve access to broadband and boost 5G connectivity set out by the UK government
A new universal right to access “high speed” broadband services is to be introduced into law in the UK, the government has announced.
Software companies in Europe urged to review their export control classifications
Software companies across Europe should “re-assess their current export control classifications” in light of EU regulations that recently came into force, an expert has said.
Scottish energy strategy contains opportunities for businesses, says expert
Scotland’s new energy strategy contains plans which present opportunities for businesses, an expert has said.
Scottish government makes concession on business rates applicable to listed buildings
The Scottish government has made a concession on the application of business rates to listed buildings in plans aimed at implementing recommendations made in a review of Scottish business rates published earlier this year.
Groups likely to challenge UK CFC regime if finance exemption declared unlawful, says expert
If the European Commission’s state aid investigation into the group finance exemption in the UK’s controlled foreign company (CFC) rules results in the exemption being declared unlawful state aid, groups are likely to mount EU law challenges to the regime, an expert said.
UK urged to build ‘digital twin’ of its infrastructure
A “digital twin” of the UK’s infrastructure should be created to allow virtual projections to be carried out into future capacity needs, the National Infrastructure Commission (NIC) has said.
Hun Sen’s crackdown: loss of EU trade benefits could cost Cambodia US$700 million annually
Cambodia stands to lose nearly US$700 million per year if the European Union suspends its preferential trade treatment in response to the government’s crackdown on the country’s main opposition party, according to a document seen Wednesday.
In a letter to Prime Minister Hun Sen, Commerce Minister Pan Sorasak warned that if European Parliament’s suspension call were implemented, Cambodia would have to pay US$676 million a year in taxes on its Europe-bound exports and the jobs…