Asia-Pacific
Daylesford, Australia, May 12 2016 (IPS) - A previously little-known law firm called Mossack Fonseca, based in Panama, has recently been exposed as one of the world’s major creators of ‘shell companies’, that is, corporate structures that can be used to hide the ownership of assets. This can be done legally but shell companies of this nature are widely used for illegal purposes such as tax evasion and money laundering of proceeds from criminal activity.
UN, New York, Apr 27 2016 (IPS) - We have arrived at the point of no return. At this very moment the world is witnessing the highest level of humanitarian needs since World War Two. We are experiencing a human catastrophe on a titanic scale: 125 million in dire need of assistance, over 60 million people forcibly displaced, and 218 million people affected by disasters each year for the past two decades.
Jomo Kwame Sundaram was the Coordinator for Economic and Social Development at the Food and Agriculture Organisation of the United Nations (FAO), Rome, and received the 2007 Wassily Leontief Prize for Advancing the Frontiers of Economic Thought.
When U.Thant of Burma (now Myanmar) was elected UN Secretary-General back in November 1962, he was the first Asian to hold that post after Trygve Lie of Norway and Dag Hammarskjold of Sweden. The appointment was also a historic moment for Asia, which waited for 45 long years for the second Asian to hold that […]
Buoyed by the failure of the U.S. and five other powers to reach a comprehensive agreement with Iran over its nuclear programme after a week of intensive talks, pro-Israel and Republican hawks are calling for Washington to ramp up economic pressure on Tehran even while talks continue, and to give Congress a veto on any […]
– In recent days, two major developments have injected new life into international action on climate change. At the G20 summit in Australia, the United States pledged 3 billion dollars and Japan pledged 1.5 billion dollars to the Green Climate Fund (GCF), bringing total donations up to 7.5 billion so far. The GCF, established through […]
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