The UK’s Financial Conduct Authority (FCA) has set out its approach to authorising international firms and their subsequent supervision, following a public consultation.
German emissions trading system introduced for heating and transport sectors
Heating and transport sector companies which want to place fuels on the German market must participate in the national emissions trading system (nETS) now that the Fuel Emissions Trading Act (BEHG) is in force.
UK considering broader-based carbon tax, reports suggest
The UK prime minister, Boris Johnson, is reported to have asked all government departments to draw up a price for greenhouse gas emissions across all sectors of the economy, according to reports in The Times.
Filipinos breaking Covid-19 rules risk beatings, humiliation – unless they’re rich or well-connected
As the Philippines approaches a year since it first entered one of the world’s harshest Covid-19 lockdowns, wildly uneven enforcement of antivirus restrictions is worsening inequality, critics say, as ordinary citizens are beaten and humiliated in public for breaking quarantine rules while the well-connected and wealthy escape punishment. For those Filipinos who aren’t rich and powerful, not wearing a face mask is enough to warrant a police beating so severe that the violator is unable to work…
Record year for arbitration cases registered with ICSID
The record number of new arbitration cases registered with the International Centre for Settlement of Investment Disputes (ICSID) in 2020 highlights the confidence that investors retain in resolving their disputes with states and state sponsored companies through arbitration, an expert has said.
Myanmar protests: three wounded in firing as supporters of Aung San Suu Kyi clash with police
Supporters of ousted Myanmar leader Aung San Suu Kyi clashed with police on Friday as hundreds of thousands joined nationwide pro-democracy demonstrations in defiance of the junta’s call to halt mass gatherings.The United Nations human rights office said more than 350 people, including officials, activists and monks, have been arrested in Myanmar since the February 1 military coup, including some who face criminal charges on “dubious grounds”.The UN rights investigator for Myanmar told a…
Myanmar coup: US sanctions seen as no big deal without Asia’s support, say analysts
With the United States announcing plans to reimpose sanctions on Myanmar over a coup earlier this month, analysts said the Southeast Asian nation’s new junta will not be as isolated as previous iterations, with India, its Asean neighbours and Japan unlikely to cut ties given the country’s strategic importance.While the leaders of Malaysia and Indonesia have called for the Association of Southeast Asian Nations to convene a special meeting to discuss Myanmar, a member state, it is unclear…
Myanmar coup: junta leader calls for end to protests in first official address as sanctions loom
Myanmar’s new junta leader on Thursday called on civil servants to return to work and urged people to stop mass gatherings to avoid spreading coronavirus, as a sixth day of protests against him and his coup spanned the Southeast Asian countryAs Washington moved a step closer to imposing sanctions on Min Aung Hlaing and his fellow generals, Britain said it was also considering measures it could apply to punish the February 1 takeover that halted an unsteady transition to democracy.The coup and…
New FCA report highlights technology change risk to consumers
Financial firms must take steps to ensure minimal disruption to their customers when implementing changes to the technology that they use, the UK’s Financial Conduct Authority (FCA) has warned.
Coronavirus Malaysia: Muhyiddin’s government takes more flak over quarantine exemption order for cabinet ministers
Malaysia’s fragile Perikatan Nasional government has found itself in yet another public relations quandary of its own making following a ruling granting a quarantine waiver for travelling cabinet ministers despite a coronavirus pandemic that shows little sign of abating.The announcement of the policy was met with widespread condemnation if not outright ridicule, with many describing it as reflective of the double standards on Covid-19 protocol as ordinary people shelter in place under a…