WTO needs to re-evaluate the way it conducts its affairs: Union Minister Piyush Goyal

Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Piyush Goyal said that the WTO needs to re-evaluate the way it conducts its affairs. Pointing out that some countries do not give market access equitably and openly, and extend hidden subsidies, the minister said the developed countries need to achieve and … Read more

Shell to move tax base to UK, lose dual share structure

Royal Dutch Shell said on Monday it would do away with its dual-share structure and move its head office from the Netherlands to Britain, doing away with Dutch taxes and facing climate pressure in court as oil and gas Energy giant change. The company, which has long faced investor questions about its dual structure and … Read more

COP26: UK holds on to Glasgow draft, concerns mild handling of finance

The UK, which is chairing the current round of UN-sponsored climate talks, has put forward draft texts of comprehensive decisions that provide broad strokes of consensus being drawn from countries in Glasgow. Observers have described the text as “one-sided”. “It is currently a very one-sided document. For the first time ever, a COP text explicitly … Read more

Emerging markets need climate cash. How will they get it?

To make sure the world meets its climate goals, rich countries will need to help poor countries move to renewable energy, sustainable agriculture, clean transportation, and more. All this takes a lot of cash and is a major issue under discussion at the COP26 UN climate talks in Glasgow. But the actual financing offered so … Read more