Charting a path for global action on land and drought

14/12/2024 0

The largest and most inclusive UN land conference wrapped up in Riyadh, Saudi Arabia, on Saturday, charting a path for global action following two weeks of intense negotiations on how best to tackle land degradation, desertification and drought, which affects one quarter of the world.

UN Special Envoy continues shuttle diplomacy on Syria

13/12/2024 0

The UN Special Envoy for Syria travelled to Jordan on Friday for discussions on the tumultuous events that have seen a new transitional authority take charge in Damascus in recent days, with more high-level meetings planned over the weekend.

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Volkswagen India unit faces $1.4 billion tax evasion notice

13/12/2024 0

Reuters was first to report that India has issued a notice to German automaker Volkswagen for allegedly evading $1.4 billion in taxes by “wilfully” paying lesser import tax on components for its Audi, VW and Skoda cars. Volkswagen shares fell as much as 2.13% on the Frankfurt stock exchange after the Reuters report.  Why it matters  News about the potential liability, which could be as high as $2.8 billion with penalties, could strain VW’s India business. The company is a small player in India but has plans to invest $1.8 billion to build EVs and hybrids in Maharashtra. The Wolfsburg-based carmaker is also locked in an escalating dispute with its labour in Germany over plant closures and layoffs while Chinese competitors are attacking Europe’s established carmakers on their home turf.  The post Volkswagen India unit faces $1.4 billion tax evasion notice appeared first on Reuters News Agency.   Source: Reuters News Agency 

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Worldline attracts early stage interest from private equity firms 

13/12/2024 0

French payments group Worldline has attracted early stage takeover interest from private equity firms, as it grapples with a falling share price, profit warnings and leadership change, five people with knowledge of the matter told Reuters.  Why it matters  Discussions about a potential deal come during a challenging period for Worldline. Its shares have fallen by 92% since July, 2021 when investor enthusiasm for payments companies peaked, after recording three profit warnings within a year.  The post Worldline attracts early stage interest from private equity firms  appeared first on Reuters News Agency.   Source: Reuters News Agency 

At least 68 journalist killings in 2024, UNESCO reports

13/12/2024 0

For the second consecutive year, conflict zones have proven dangerous for journalists and media workers, with 2024 seeing at least 68 deaths in the line of duty, according to new data from the UN Educational, Scientific and Cultural Organization (UNESCO).