September 23, 2021

Is sitting still bad? (A 2021 review of the research) – Updated

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From Office Chair Picks “Sitting is the new smoking,” tweeted Stuart Millinship on August 27, 2010. This tweet was a response to a post “reporting that even if you get plenty of physical exercise, sitting down all day reduces your lifespan.” At first glance, Millinship’s tweet may sound like hyperbole, but it is based on […]

Fragmentation concerns raised over EU’s climate disclosure approach

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Credit: VanderWolf Images on shutterstock By Ellesheva Kissin  From GBRR Japanese and US banking industry bodies have warned that ambitious EU moves towards sustainability disclosures – including a newly-finalised taxonomy and new standards for Pillar 3 disclosures – risk creating a fragmented global framework and “exporting” its model to non-EU institutions. The EU formally adopted […]

EU and Russia push forward on CBDC plans, amid pushback

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By Ellesheva Kissin From GBRR Central banks in Russia and the European Union have both moved forward on their ambitions for digital versions of their currencies, as private sector voices increasingly raise concerns about the potential impact of CBDCs on financial stability. The Central Bank of Russia (CBR) announced its digital rouble concept on 8 April. The CBR […]

The Editor speaks: Was Cayman punished by the EU or was it our own fault?

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Just a few weeks after the UK left the European Union they place us (a British Protectorate) on their list of non-cooperative jurisdictions regarding tax issues. We missed passing a crucial piece of legislation before a key deadline by a matter of days. Premier Alden McLaughlin said he was “deeply disappointed”. So, why did it […]

Climate talks: EPP Group stresses need for EU and global action

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Some 200 countries are in Madrid for a major United Nations Conference of the Parties (COP) meeting to discuss how to tackle climate change. At the centre of discussions is the Paris Agreement, which sets out a global framework to avoid dangerous climate change by limiting global warming to well below 2°C and pursuing efforts […]

EU to consider tougher tax haven listing

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By Francesco Guarascio BRUSSELS (Reuters) – A group of European Union countries is calling for the bloc to cast a wider net when listing tax havens and to consider imposing stricter sanctions for countries facilitating tax avoidance, according to an EU document and an EU official. The document, prepared by the Danish government and seen […]

MEPs debate how the EU should react to illegal drilling activities by Turkey

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Turkey has been involved in illegal drilling for oil and gas in Cypriot waters for quite some time despite the EU’s repeated calls for it to stop. European Union Member States have decided to set up a mechanism to impose restrictive measures (sanctions) – such as a travel bans or asset freezing – on individuals […]

MEPs approve system to reinforce EU’s external borders

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False documents and identity fraud are often detected at the external borders of the EU.  A sharp increase in the fraudulent use of documents in the Schengen area in recent years has led to a European Commission proposal to reinforce the European Border and Coast Guard’s capacity to tackle this issue with a system, called […]

EU hosts Venezuela migrant talks as region struggles to cope

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By Lorne Cook from Caribbean Life BRUSSELS (AP) — Hundreds of representatives from governments, international agencies and charity groups gathered in Brussels Monday for a “solidarity conference” to drum up support for millions of Venezuelans who have fled the political crisis and to help neighboring countries that are taking them in. The South American nation […]

UK: MPs debate bill paving way for 12 December election

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MPs are debating Boris Johnson’s call for a general election on 12 December after Labour threw its weight behind a pre-Christmas poll. Jeremy Corbyn said he had changed his mind on a snap election after the EU gave the UK another Brexit extension. The prime minister can only hold an election with the support of […]

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