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SUNS # 9600 Wednesday 22 June 2022

UN : World on brink of most severe cost-of-living crisis in a generation (PRIV)
(Kanaga Raja, Geneva)
The world is on the brink of the most severe cost-of-living crisis in a generation in the wake of the war in Ukraine, according to Ms Rebeca Grynspan, Secretary-General of the UN Conference on Trade and Development (UNCTAD).

Climate : More work required to seek balanced outcomes in Egypt (PRIV)
(Hilary Kung and Meena Raman, Bonn)
The UNFCCC's Subsidiary Body for Implementation (SBI) and the Subsidiary Body for Scientific and Technological Advice (SBSTA) concluded their 56th session meetings (SB 56) on 16 June to arrive at conclusions on various matters in the run-up to COP 27 (which will take place in November this year in Sharm el-Sheikh, Egypt).

Finance : OECD's regressive world corporate income tax reform (PRIV)
(IPS, Sydney/Kuala Lumpur)
Sydney/Kuala Lumpur, 21 Jun (IPS/Anis Chowdhury and Jomo Kwame Sundaram*) -- After decades of rejecting international tax cooperation under multilateral auspices, rich countries have finally agreed.

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