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.

Tug-of-war over pulled WHO Italy report

A suppressed WHO report on Italy’s pandemic response says hospitals were “chaotic,” dangers to elderly went unrecognized, and training was haphazard.

E.U. regulator approves first COVID-19 vaccine

A two-shot vaccine from BioNTech and Pfizer gained official approval in the E.U., two days after Switzerland approved it through a normal procedure.

Swiss achieve first full-blown vaccine approval

Switzerland announced it has become the first government in the world to approve a coronavirus vaccine using a standard process of regulatory approval.

COVAX vaccine rollout gets 2 billion doses

The COVAX Facility has secured almost 2 billion doses of COVID-19 vaccine candidates for low-income and developing countries, organizations said.

ICJ steps into Guyana-Venezuela border dispute

ICJ ruled it has jurisdiction to settle a border dispute going back to colonial-era claims over a resources-rich jungle region between Guyana and Venezuela.

U.S. currency dispute puts IMF role in spotlight

The IMF was thrust into a dispute over currency manipulation as the U.S. accused Vietnam and Switzerland of currency manipulation.

WTO subsidy talks to curb overfishing drag on

Diplomats failed to meet an end-of-year deadline for a deal on halting government subsidies that contribute to overfishing, WTO officials said.

Big pharma sees wide use of vaccines by late 2021

Several CEOs of leading drugmakers expressed confidence the pandemic can be brought under control starting sometime in the second half of next year.

U.N. calls on nations to end ‘war on nature’

The U.N. chief appealed to world leaders to start fixing our “broken” planet by ringing in 2021 with a commitment to a carbon pollution-neutral future.

Report: UNDP audit looks into GEF projects

UNDP said in response to a news article it examined possbible “misuse of funds” affecting almost US$100 million in GEF-funded projects.

Asia-Pacific nations sign world’s biggest trade pact

Fifteen Asia-Pacific nations including China signed a pact to create the world’s biggest trading alliance, covering 30% of global GDP.

G-20 agrees to ‘common framework’ for debt relief

The G-20 major economies agreed to a framework for more debt relief among poor nations, responding to appeals from humanitarian and economic leaders.

Envoy says 126 nations seek carbon neutrality

The top U.N. official for global climate action said 65% of the world body’s 193 member nations will seek net zero carbon emissions by 2050.

U.S. poised to rejoin global health, climate efforts

Elected 46th president of the United States on Saturday, Democrat Joe Biden signaled policy reversals to combat the pandemic and global warming.

Head of IPI resigns over Epstein funding

Terje Rød Larsen resigned as head of International Peace Institute due to his “failed judgment” in taking money from Jeffrey Epstein, IPI’s board announced.

IPBES ties pandemic risks to nature crisis

Pandemics will become more frequent, faster-spreading and deadlier than COVID-19 if Earth’s natural life support systems are not restored, IPBES reported.

U.S. rejection upsets WTO leadership race

The U.S. upended WTO’s selection of its next director-general as the sole nation to back South Korea’s Yoo Myung-hee over Nigeria’s Ngozi Okonjo-Iweala.

UNCTAD shows 49% foreign investments drop

Global foreign direct investment plummeted by 49% during the first half of 2020 compared with a year ago due to the pandemic, UNCTAD reported.

Report shows cocoa industry pledge to ILO failed

A new report finds the $100 billion chocolate industry’s promise to ILO to eliminate child slavery not only remains unfulfilled — things have gotten worse.

WTO to be led by woman from Nigeria or S. Korea

The final phase of a race to become WTO’s next director-general began with two well-qualified women from Nigeria and South Korea vying for the top post.

Experts urge G-20 to outdo debt suspensions

Experts cautioned a move by the world’s richest countries to give the poorest ones more time to pay off debts will not do enough to alleviate massive suffering.