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Top UN humanitarian laments lack of dialogue to resolve conflict

04/06/2024 0

The UN’s top aid official said on Tuesday he was leaving office at the end of the month with “some important pieces of wisdom” but also a feeling of frustration because many crises no longer make the headlines, while humanitarian operations face a dire lack of funding. 

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Emirati bank FAB in advanced talks to buy Turkey’s Yapi Kredi

04/06/2024 0

Reuters reported first Abu Dhabi Bank (FAB) is in advanced talks to acquire Turkish conglomerate Koc Group’s 61.2% stake in Istanbul-based lender Yapi Kredi for about $8 billion. Shares in Yapi Kredi soared 10% after the news emerged, while Koc Holding jumped more than 9%, both touching record highs. FAB shares slipped slightly.  The post Emirati bank FAB in advanced talks to buy Turkey’s Yapi Kredi appeared first on Reuters News Agency.   Source: Reuters News Agency 

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Basel battle: Goldman’s unlikely foot soldiers in the fight against bank capital hikes 

04/06/2024 0

Reuters exclusively reported on Goldman Sachs’ aggressive campaign to water down a proposal to raise capital requirements for big banks. A Reuters review of private Goldman documents, interviews with program participants and public disclosures revealed how Goldman recruited small business owners from across the country in its battle against the so-called Basel Endgame. Their task in Washington was to urge lawmakers to sign a letter asking the Fed to reconsider the proposal. The post Basel battle: Goldman’s unlikely foot soldiers in the fight against bank capital hikes  appeared first on Reuters News Agency.   Source: Reuters News Agency 

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UN experts concerned about migrant labour exploitation in UK

03/06/2024 0

Independent UN human rights experts have expressed concern about the protection risks faced by migrant workers in the United Kingdom (UK), including “deception, exorbitant recruitment fees, debt bondage, undignified living conditions, and potential deportation.”