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As US Unemployment Hits a Staggering 22 Million, Will UN Layoffs Be Far Behind?

The deadly coronavirus COVID-19, which has shut down the UN secretariat in New York, along with 32 of its agencies globally, has forced over 37,500 UN staffers worldwide to work from their homes. Asked about a decision to re-open the Secretariat building after nearly a month-long hiatus, UN spokesperson Stephane Dujarric said: “I don’t know. […]

The post As US Unemployment Hits a Staggering 22 Million, Will UN Layoffs Be Far Behind? appeared first on Inter Press Service.




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UN’s Development Goals Threatened by a World Economy Facing Recession

The UN’s 17 Sustainable Development Goals (SDGs), described as an integral part of its highly-ambitious development agenda, may be in deep trouble. Aimed at addressing some of the global challenges the world faces– including extreme poverty and hunger, inequalities in incomes and gender, climate change and environmental degradation– the SDGs now seem threatened by a […]

The post UN’s Development Goals Threatened by a World Economy Facing Recession appeared first on Inter Press Service.




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Only Sustainable Investment & Global Cooperation Can Counter COVID’s Blow to SDGs

Jay Collins is Vice Chairman Banking, Capital Markets and Advisory, Citigroup*

The post Only Sustainable Investment & Global Cooperation Can Counter COVID’s Blow to SDGs appeared first on Inter Press Service.




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COVID-19 in the Time of Insecurity

Humankind has outlived multiple pandemics in the course of world history. The kingdoms and states of Central and Western Europe abolished the institution of serfdom once it had become clear that medieval rule in the aftermath of devastating pestilence would founder without ending the dependency and servitude that characterized the Dark Ages. The vulnerability of […]

The post COVID-19 in the Time of Insecurity appeared first on Inter Press Service.




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Surviving Domestic Violence in times of Covid19

“I come from Baglung District, a part of Dhawalagiri Zone in Nepal. My house overlooks the river. Do you know, our district is known for the suspension bridges?”, her eyes glimmer for a fraction of a second and then she breathes a heavy sigh! Her right hand is still wrapped in a scarf, while with […]

The post Surviving Domestic Violence in times of Covid19 appeared first on Inter Press Service.




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Domestic violence during the time of corona

The Covid-19 pandemic has opened our eyes to many vulnerabilities. With home quarantine proving to be a successful strategy, we are finally catching up and practicing it. Bangladeshi narratives about home quarantine now discuss how home is the safest place to ensure sanitisation, hygiene and disinfection. But what if home is where you are most […]

The post Domestic violence during the time of corona appeared first on Inter Press Service.




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**Correction**How the COVID-19 Pandemic is Affecting Women’s Sexual and Reproductive Health

A little over half of women across the globe are able to freely make choices about their sexual and reproductive health, according to a latest report based on data from 57 countries.  However, as much of the world has gone into lockdown because of the coronavirus pandemic, with countries implementing social distancing and restricting the […]

The post **Correction**How the COVID-19 Pandemic is Affecting Women’s Sexual and Reproductive Health appeared first on Inter Press Service.




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A Gender-equal Ethiopian Parliament can Improve the Lives of all Women

In 1991, the share of seats held by women in the Ethiopian parliament was under 3 percent. Today it stands at 38 percent, almost twice the ratio of women in the United States Congress. Experts say when women are better represented in government office, the gains are likely to spill down and improve the lives of all women.

The post A Gender-equal Ethiopian Parliament can Improve the Lives of all Women appeared first on Inter Press Service.




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How Some Pacific Women are Responding to Climate Change and Natural Disasters

Women in the South Pacific island nation of Vanuatu are dealing with six crises currently – COVID 19, drought, scarcity of potable water, and volcanic ash, acid rain and sulphur gas as there are several active volcanoes on the island. But global women’s rights organisations are collaborating with regional alliances in supporting local women.

The post How Some Pacific Women are Responding to Climate Change and Natural Disasters appeared first on Inter Press Service.




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Addressing the rise in domestic violence during lockdown

While one-fourth of the world’s population is under home-quarantine to contain the spread of the novel Covid-19 pandemic, another crisis is brewing behind closed doors—domestic violence. Research shows that in emergencies be it conflicts, economic crisis or during disease outbreaks, there has been a repeat pattern of increase in domestic abuse, therefore abusers and their […]

The post Addressing the rise in domestic violence during lockdown appeared first on Inter Press Service.




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The Power of Education in Emergencies: Interview with Denmark’s Minister of Development Cooperation Rasmus Prehn

Denmark is Education Cannot Wait’s (ECW) third largest donor, with US$79.1 million in contributions to date. In this insightful interview with Denmark’s Minister for Development Cooperation, Rasmus Prehn, we explore the importance of girls’ education and gender equality, the humanitarian-development nexus, expanded engagement with the private sector, education in emergency response to the COVID-19 pandemic […]

The post The Power of Education in Emergencies: Interview with Denmark’s Minister of Development Cooperation Rasmus Prehn appeared first on Inter Press Service.




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Turkey's traditional Kırkpınar Oil Wrestling competition kicks off for 657th time

Turkey’s longest-running traditional sports event, Kırkpınar Oil Wrestling competition, has started in the northwestern province of Edirne. The annual event, which is organized for the 657th time this year, attracts thousands of people. Click through for the story in photos...




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Most popular Turkish pilot on social media changes job

Ebru Ünsal, who has been described as the most popular Turkish pilot on social media, has switched jobs. Click through for the story in photos...




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Turkish doctors become social media influencers

A recent trend on social media in Turkey is the increasing influence of a group of good-looking Turkish doctors. Click through for the photo story by Hürriyet reporter Kübra Genç...




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World’s top 20 beautiful cities list has one Turkish metropolis

Turkey’s metropolis Istanbul has been ranked 17th in the list of the most beautiful cities in the world by online travel agency Flight Network. Click through for the top 20 most beautiful cities in photos… (Photos: Alamy)




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Turkish women who made history

With the birth of the Turkish Republic, many rights have been granted to women, marking a milestone in the history of both the country and the world. The modern republic’s founder, Mustafa Kemal Atatürk, and his sweeping reforms have aimed to create gender equality between women and men, as he was one of the first leaders in the world to grant women the right to elect and be elected. From the first woman pilot to the first female judges, many Turkish women made history, thriving to leave an enduring legacy for future generations. Click through to see the most influential Turkish women, as compiled by İnci Hazal Özcan:




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Riveting time-lapse photos of the night sky from east Turkey

A photographer from Turkey shot riveting time-lapse photos of the night sky from eastern Bingöl and Elazığ provinces.




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US Justice Department dropping Flynn’s Trump-Russia case

In an abrupt about-face, the Justice Department on May 7 said it is dropping the criminal case against President Donald Trump’s first national security adviser, Michael Flynn, abandoning a prosecution that became a rallying cry for the president and his supporters in attacking the FBI’s Trump-Russia investigation.




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Istanbul Tulip returns home after 200 years

The Istanbul Tulip returned home to Turkey after two centuries, Consulate General of the Kingdom of the Netherlands has said.



  • Arts & Life

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No visitors let in care homes on Mother's Day

Turkish Labor, Social Services and Family Ministry on May 8 announced visitors will not be allowed to retirement and nursing homes across the country on Mother's Day Sunday, and also during traditional Eid al-Fitr holiday at the end of Muslim holy month of Ramadan.




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Some curbs for open marketplaces lifted

Some of the restrictions imposed on open marketplaces as part of the measures to take the spread of the coronavirus outbreak under control have been lifted, the Interior Ministry has announced in a circular sent to 81 provinces across the country.




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Nursing homes take action to protect residents

Turkish elder care homes are taking measures to protect the elderly across the country as the world grapples with the continued dangers of coronavirus.




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Some 800 Turkish nationals brought back amid pandemic

More than 800 Turkish nationals were repatriated on May 8 from Kuwait and the United Arab Emirates (UAE) as part of an initiative by Ankara amid the coronavirus pandemic.




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Ethics becomes a key focus for artificial intelligence adoption

In the last few years, there has been an increasing focus on the need for adequate ethics guidance for the use of artificial intelligence and robots – something we have regularly written and spoken about. For example, in 2017, MEPs from the E...




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A guide to the current and proposed foreign investment regimes in the UK, Germany, EU, US and China

In recent years there has been a marked change in attitude towards foreign investment screening. A range of jurisdictions globally have taken steps to strengthen their ability to review and actively intervene in transactions. Most recently, the EU p...




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Challenging IT implementations - a UK reminder about the fundamentals for success

Sanderson Limited v Simtom Food Products Limited [2019] EWHC 442 (TCC) Summary Whatever the sector, IT transformation can deliver superior services, development of dynamic business models, increased customer satisfaction, returns and cost savings. ...




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Plastic related consultations: Despite Brexit Government continues to focus on plastic waste

One could be forgiven for thinking the UK Government had put its other legislative plans on hold as it seeks to deliver Brexit, but this is not the case. In February we saw the launch of a number of parallel consultations all designed to tackle plas...




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France: strengthening of the foreign investment control mechanisms, in line with a general international trend

New regulations on foreign investment in France were published on January 1, 2020. These texts make numerous changes to the legal framework for investment control in France. Financial relations between France and foreign countries are, in principle,...




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EU Circular Economy - Opportunity to Comment on Roadmap for New Action Plan

The end of December 2019 saw the next step in the EU’s commitment to the adoption of a circular economy as the EU Commission published a road map on a new action plan which aims to speed up the transition to a circular economy. The new plan is...




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US imposes further sanctions on Iran – what does this mean for the JCPoA and for global corporations and financial institutions?

On 10 January 2020, following the recent military escalation between Iran and the US, the White House issued Executive Order, "Imposing Sanctions With Respect to Additional Sectors of Iran" (“EO 13902”), which expands the already broad U...




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Update on Recent US Sanctions Developments: Nord Stream 2 Sanctions and Exxon Mobil Decision

This briefing is intended to provide an update on two recent developments under the US sanctions regime. • The first one is the introduction of US sanctions in relation to the Nord Stream 2 pipeline project, which threaten to widen a rift betwe...




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Foreign investment: updates from around Europe

There has been a growing global trend in recent years to strengthen foreign investment control mechanisms, most notably led by CFIUS in the US, and AWV in Germany. In our latest articles, we address the new developments in Germany and France, set to...




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SFO publishes internal guidance on evaluating compliance programmes

The Serious Fraud Office (“SFO”) has quietly published a further chapter of its internal Operational Handbook containing guidance on how its staff should assess and evaluate the compliance programmes that they investigate (the “Gui...




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Coronavirus - EU restricts exports of protective equipment - Europe

  On 15 March 2020 the European Commission published Regulation 2020/402 (“Regulation”), which prohibits unlicensed export from the EU of certain personal and protective equipment. This measure is aimed at securing domestic supply o...




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Coronavirus - A guide for global industrials reassessing their outsourcing requirements during coronavirus - Global

A guide for global industrials reassessing their outsourcing requirements during coronavirus COVID-19 continues to cause widespread and indiscriminate disruption to global industrials. Manufacturing companies face more of a challenge in instituting...




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Over to EU: ISDA publishes template amendment to convert legacy English law governed agreements to French or Irish law

On 12 March 2020, the International Swaps and Derivatives Association, Inc (“ISDA”) published a template amendment agreement which allows the parties to an English law governed ISDA Master Agreement to convert that agreement to an equiva...




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Coronavirus - Immediate considerations for financial services clients in response to the COVID-19 pandemic

Communications need to be clear and timely Constantly review and maintain your customer communications content and strategy.  There is a regulatory expectation that firms will ensure consumers are adequately protected during severe disruption.&...




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Coronavirus – Finance overview of governmental economic support for industry - UK

Please note that this is a developing situation and we will update this note on a regular basis when further information is available. Across the budget on 11 March 2020 and the subsequent COVID-19 briefing meetings the Chancellor of the Exchequer h...




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Coronavirus – UK Investment Trusts: How to handle AGMs during the COVID-19 pandemic – UK

The restrictive measures on the movement of people to slow the spread of COVID-19 pose specific legal issues for UK Investment Trusts, which are just entering into the reporting and Annual General Meeting (AGM) season.  AGMs have traditionally ...




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Financial Services COVID-19 Training Menu

Novel coronavirus (“COVID19”) has created significant challenges for the financial services sector. As trusted adviser to many of the world’s largest banks, insurers, asset managers, fintechs and other market participants we are he...




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Coronavirus – A selection of issues borrowers and treasury departments should consider – Sweden

  The Coronavirus (COVID-19) outbreak is causing disruption to businesses and markets across sectors and jurisdictions. In this briefing we offer some practical tips for borrowers, treasury departments and customers in relation to loans and oth...




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Coronavirus - FCA proposes temporary financial relief for consumer credit customers - UK

On Thursday 2 April 2020, the FCA issued draft guidance and Handbook changes to address the impact of Covid-19 on consumer credit customers who have credit cards, store cards and catalogue credit, personal loans and overdrafts. There is a short win...




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Coronavirus - UK Government’s economic assistance packages and their availability to financial services businesses - UK

Background The ongoing coronavirus/COVID-19 pandemic has quickly developed into a deep economic crisis of the like never experienced before. Many businesses, including those in the financial services sector, are facing a prolonged period of disrupti...




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New Defensive Measures for Blacklisted Jurisdictions: What impact will Luxembourg’s recent announcement have on Cayman-domiciled funds?

On 30 March, the Luxembourg Government published a new draft law (the Draft Law) which looks set to increase the Luxembourg tax burden for transactions realised with enterprises based in jurisdictions on the EU’s list of “non-cooperative...




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Coronavirus - Deferral of initial margin requirements for derivatives announced – Global

On 3 April 2020, the Basel Committee on Banking Supervision (“BCBS”) and the International Organization of Securities Commissions (“IOSCO”) issued a statement recommending an extension to Phases 5 and 6 of the initial margin ...




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Coronavirus - Cayman Ministry announces package relief measures - Global

As COVID-19 continues to cause far reaching disruption, the Cayman Islands’ Ministry of Financial Services issued two Press Releases on 25 and 26 March, putting forward a package of measures designed to mitigate the neg...




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Protecting confidential information in an AI-led and augmented reality

Across the banking sector, the Bank of England and the Financial Conduct Authority predict that firms’ utilisation of artificial intelligence (AI) solutions will triple in the next three years (BoE and FCA Joint Report on Machine Learning in U...




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Payment Matters: No. 45

This edition includes: The impact of COVID 19: Regulatory updates Competition and Markets Authority: Open Banking EU Consultation on retail payments strategy for the EU  Full Article



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Coronavirus - FCA finalises guidance on temporary financial relief for consumer credit customers - UK

On Thursday 9 April, the FCA confirmed measures to support consumer credit customers facing financial difficulty as a result of COVID 19 on personal loans, credit cards and overdrafts. Measures introduced by the new rules became applicable on Tuesda...