Legal & Regulatory

Here you will find coverage of legal and regulatory policy news across a broad range of topics including banking, biotech, data privacy, energy, environment, health care, immigration, insurance, patents, securities, trade, and worker rights.

G-7 announces oil price cap to weaken Russia

Finance ministers from the G-7 said they will impose a price cap on Russian oil to undercut the Kremlin’s huge energy profits that pay for its war on Ukraine.

Talks fail to clinch global ocean treaty

Diplomats suspended talks after they could not agree on a proposed treaty to protect marine species and minerals in high seas covering 43% of Earth.

Russian attack on Ukraine flouts U.N. grain deal

Russia struck Ukraine’s port of Odesa, violating the deal brokered by Turkey and the United Nations that Moscow and Kyiv signed less than a day earlier.

Nations approve first guidelines for valuing nature

The IPBES guidelines could prod decision-making beyond just politics and economics to deal with our massive loss of species and rising temperatures.

U.N. audit shows staff dodged virus disclosures

More than 40% of U.N. Geneva staff didn’t report their vaccination status despite having to do so, and most of those that did weren’t fully vaccinated.

BIS focuses on ‘restoring low inflation’

Central bankers face “difficult choices” as they grapple with raising rates to tame inflationary pressures that probably won’t ease anytime soon.

Global outcry to protect women after U.S. ruling

Global leaders broadly condemned the U.S. Supreme Court’s decision to overturn Roe v. Wade and other precedents protecting access to abortion.

BIS says future is digital currency, not crypto

The global financial institution that supports central banks has a new blueprint for the world’s monetary system, and it’s not crypto-based.

WTO clinches trade deals deep into overtime

WTO’s first ministerial conference in four and a half years overcame bitter divisions to reach consensus on an ‘unprecedented’ six-item package deal.

Hezbollah members sentenced in Hariri’s death

Appeals judges sentenced two members of Hezbollah to life imprisonment in the truck bomb assassination of former Lebanese Prime Minister Rafik Hariri.

WHO readies monkeypox emergency reponses

The U.N. health agency is seeking global access to vaccines against monkeypox and calling a meeting to decide if the virus outbreak is a global emergency.

WTO tackles food, vaccines, fishing subsidies

Hunger, vaccine patents and fishing subsidies top the agenda as the global trade body holds its first ministerial conference in four and a half years.

20 nations sign on to Americas migration plan

Biden wrapped up the Summit of the Americas unveiling a migration plan that comes at a pivotal moment for cohesion and democracy’s future in the region.

Treaties link pollution to broader harm

A group of nations is looking at how they can use regulations for hazardous chemicals and wastes to tackle pollution, global warming and species losses.

New talks set for U.N. high seas treaty proposal

Proponents of a U.N. global high seas treaty for protecting biodiversity are set to resume talks in August with the goal of approving it as soon as possible.

Health leaders bow to conservative nations

Nations appeased conservatives with a new strategy for HIV, viral hepatitis and sexually transmitted infections that omits a glossary of sexual health terms.

WHO chief: ‘Pandemic will not magically disappear’

The World Health Organization’s governing body opened its weeklong annual meeting against a backdrop of financial tumoil and war in Europe.

G-7 finance leaders united for Ukraine

G-7 finance ministers said they agreed to take concrete steps to deepen economic cooperation and respond together against Russia’s invasion of Ukraine.

U.N. pushes renewables with new warming records

The U.N. weather agency confirmed the past seven years were the hottest on record in a new report that will serve as the basis for global climate negotiations.

Experts urge more pandemic cooperation

More than two years into the pandemic, scientists say its global impacts will not be finished with us anytime soon, particularly in developing nations.

UNOPS chief resigns over lost millions

The head of a U.N. agency that last year oversaw US$3.4 billion in projects resigned over questions into tens of millions of dollars in agency spending.