The plan the UK government has set out to remain on track with its ‘net zero’ emissions targets has been ruled unlawful by the High Court in London.
A Chinese debt trap? Sri Lanka’s Hambantota port set to debunk narrative with its success
The port has become a thriving transshipment hub in the Indian Ocean particularly for vehicles, with a turnover of 700,000 units a month.
Second European Hydrogen Bank auction underway with revised T&Cs
The European Commission will launch a second European Hydrogen Bank auction by the end of this year, but with revised terms and conditions as it draws on the lessons learned from its pilot auction that saw seven winning renewable hydrogen projects, it has announced.
AI adoption linked to risk understanding and regulation
Gaps in the UK legislative and regulatory frameworks pose challenges for holding AI developers to account for risks arising from the way their systems operate – and may be exposing business users to risks they don’t fully understand, causing a negative impact on the technology’s adoption across sectors, according to the UK government.
Singapore, Malaysia to get visit from US treasury official to discuss sanctions on Iran, and Russian oil
Brian Nelson, the Treasury’s undersecretary for terrorism and financial intelligence, will visit the region as Washington looks to combat funding for Iran and its proxies as well as evasion of its sanctions on Russia.
Businesses get fresh guidance on EU-US personal data transfers
Businesses seeking to transfer personal data from the EU to the US need to take account of the views of the European Commission when determining whether safeguards they have to apply to such arrangements can deliver compliance with EU data protection laws, a regulatory body has confirmed.
European Commission makes first ‘qualitative’ designation under Digital Markets Act
The European Commission has confirmed that Apple’s iPad operating system (iPadOS) should be designated as a “gatekeeper” service, marking the first time the regulator has made such designation based on “qualitative” criteria under the EU’s Digital Markets Act (DMA).
Bank of England tells firms to test for ‘extreme but plausible’ service disruption
Operators of financial markets infrastructure (FMIs), such as payment systems, have been advised to anticipate – and undertake robust testing around – “extreme but plausible” scenarios that could cause disruption to services, ahead of new rules on operational resilience taking effect in the UK next year.
South China Sea: US-Philippine forces fire rockets towards disputed waters, insist drill not meant to be provocation
Officials emphasised that the live fire drill was not aimed at any specific nation, despite its proximity to the disputed waterways
Chinese tourists are travelling again, with Malaysia, Singapore, Japan and Indonesia benefiting
A return of Chinese travellers, who spent almost US$248 billion on trips abroad in 2019 before the pandemic, is key to filling a big hole in the global travel industry.
