ASIA: Race for new climate finance goal heats up: Push for China, UAE to join donor pool

Germany advocated expanding climate finance contributors to include wealthy, high-emission countries like China and Saudi Arabia, emphasizing the need for increased funds to support developing nations. The aim is to enhance the collective finance pool while maintaining leadership and responsibility among developed countries.

Discussions on the new target for climate finance to be provided to developing countries, replacing the 2009 goal of $100 billion, continue to be the focus in the run up to the Baku round of the UN climate talks. Germnay, among the top contributors of climate finance, is along with other developed countries pushing for expanding the group of countries that are obligated to provide developing countries with climate finance. 

13 December 2024

HONG KONG: Hong Kong Mandates Full Sustainability Reporting for Public Entities by 2028

ISSB Alignment: Publicly accountable entities (PAEs) in Hong Kong must fully adopt ISSB-aligned sustainability disclosure standards by 2028. Mandatory Reporting: Large-cap issuers must comply with new

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29 February 2024

EUROPE: Three arrested in €2 billion money laundering probe

Police in three European countries on Tuesday arrested the masterminds behind an online money-laundering operation suspected of processing up to €2 billion, the continent’s judicial agency said.

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24 May 2024

CYPRUS: Astons Unveils Exceptional Cyprus Real Estate Investment Opportunities with Enhanced Golden Visa Benefits

Astons, a global investment residency and luxury real estate leader, is thrilled to introduce its premier Cyprus real estate investment opportunities. These meticulously selected properties are not

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13 December 2024

UK: HMRC accused of turning a blind eye to Chinese tax evasion

HMRC has come under fire over accusations of overlooking widespread tax evasion by Chinese “burner” companies operating on online marketplaces like Amazon, eBay, and Temu. These companies have been

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