A Tax Justice Network report suggests governments could gain an extra $500bn annually by taxing multinational profits where economic activity occurs, not in tax havens. UN talks in New York aim to establish a global standard by late 2027, despite past US opposition.
Russia's Foreign Ministry expressed frustration with the UN Secretariat's perceived bias regarding the Ukraine crisis, stating that cooperation has become difficult and that no constructive role for the UN is seen until a new Secretary-General is elected.
Top negotiators from the US, Iran, and Pakistan are in Switzerland for talks aimed at securing a ceasefire and reaching a deal on Iran's nuclear program. US envoy Vance anticipates several days of discussions, while Iran's foreign ministry suggests a one-day meeting. Iran's President Pezeshkian stated Tehran will offer assurances on its nuclear program but retain enrichment rights.
US and Iran delegations met in Switzerland on Sunday to discuss an interim deal to end the war. The talks, mediated by Pakistan and Qatar, focused on the conflict in Lebanon, Iran's nuclear program, and unfreezing Iranian assets. Israel stated its troops would remain in a 'security zone' in southern Lebanon.
Hong Kong and Uzbekistan are in talks to establish a reciprocal visa-free travel agreement, potentially allowing visitors from both sides to stay for up to 30 days. Hong Kong's Chief Executive John Lee met with Uzbekistan's Foreign Affairs Minister Bakhtiyor Saidov to witness the confirmation of the deal.
UK Chancellor Rachel Reeves is exploring public-private partnerships to fund new town developments in England, engaging with major banks and investment funds. This initiative aims to accelerate infrastructure projects, learning from past models like PFI and utilizing frameworks such as RAB.
