What world leaders said at Cop26 Glasgow climate summit


Jamie Prentis
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World leaders issued a series of stark warnings and urged immediate, ambitious action, as they addressed the opening session of the UN Cop26 climate summit in Glasgow.

Boris Johnson

The UK Prime Minister was the first world leader to address the summit, telling delegates that it would be the generations to come who world judge today’s leaders.

“We are now coming centre-stage before a vast and uncountable audience of posterity and we must not fluff our lines or miss our cue,” he said.

“Because if we fail, they will not forgive us — they will know that Glasgow was the historic turning point when history failed to turn.

“They will judge us with bitterness and with a resentment that eclipses any of the climate activists of today, and they will be right.”

Joe Biden

The US President highlighted the urgency of the matter, calling for action now and without delay. “The science is clear. We only have a brief window left before us to raise our ambitions,” he said. “This is the decisive decade in which we have an opportunity to prove ourselves.”

He called for “a decade of transformative action” to preserve the planet and boost the quality of life for people everywhere.

“We can do this, we just have to make a choice to do it. So, let’s get to work,” he said.

“Those of us who are responsible for much of the deforestation and all the problems we have so far have an overwhelming obligation [to] nations who, in fact, are not there and have not done it.

“We have to help much more than we have thus far.”

But he also highlighted the potential economic windfalls, arguing: “Within the growing catastrophe I believe there's an incredible opportunity — not just for the United States, but for all of us.”

He said there was an opportunity “to invest in ourselves and build an equitable, clean-energy future and in the process create millions of good paying jobs and opportunities around the world".

Narendra Modi

The Indian prime minister said his country will meet a target of net zero emissions by 2070 and pledged that India will reduce its projected carbon emissions by one billion tonnes between now and 2030.

He also called for a global push to adopt sustainable lifestyles "instead of mindless and destructive consumption".

Angela Merkel

The outgoing German Chancellor said there must be a way to “measure our targets and goals” to “provide us with a yardstick,” adding that developed countries had a special responsibility to act.

“The world community hopes that we present ourselves in a better shape at the end of this conference than we found ourselves in the beginning,” she said.

Justin Trudeau

The Canadian Prime Minister said that putting a price on pollution is key to pushing down global emissions.

“Just as globally we’ve agreed to a minimum corporate tax, we must work together to ensure it is no longer free to pollute anywhere in the world. That means establishing a shared minimum standard for pricing pollution.”

“We know pollution pricing is key to getting emissions down while getting innovation up and running.”

Emmanuel Macron

“Too many of us make commitments here — and then sign commercial contracts that do exactly the opposite,” said the French President.

Antonio Guterres

The UN Secretary General blasted the world’s “addiction to fossil fuels,” which he said was “pushing humanity to the brink”.

He said humans are “digging our own graves” through climate change and by “brutalising biodiversity”.

Sir David Attenborough

The famed naturalist and broadcaster asked the audience: “Is this how our story is due to end — a tale of the smartest species doomed by that all too human characteristic of failing to see the bigger picture in pursuit of short-term goals?”

He added: “Perhaps the fact that the people affected by climate change are no longer some imagined future generations but young people alive today, perhaps that will give us the impetus we need to rewrite our story, to turn this tragedy into a triumph.”

Prince Charles

The heir to the British throne said it was quite literally “the last-chance saloon".

“We must now translate fine words into still finer actions.”

The Orwell Prize for Political Writing

Twelve books were longlisted for The Orwell Prize for Political Writing. The non-fiction works cover various themes from education, gender bias, and the environment to surveillance and political power. Some of the books that made it to the non-fiction longlist include: 

  • Appeasing Hitler: Chamberlain, Churchill and the Road to War by Tim Bouverie
  • Some Kids I Taught and What They Taught Me by Kate Clanchy
  • Invisible Women: Exposing Data Bias in a World Designed for Men by Caroline Criado Perez
  • Follow Me, Akhi: The Online World of British Muslims by Hussein Kesvani
  • Guest House for Young Widows: Among the Women of ISIS by Azadeh Moaveni
Selected fixtures

All times UAE

Wednesday
Poland v Portugal 10.45pm
Russia v Sweden 10.45pm

Friday
Belgium v Switzerland 10.45pm
Croatia v England 10.45pm

Saturday
Netherlands v Germany 10.45pm
Rep of Ireland v Denmark 10.45pm

Sunday
Poland v Italy 10.45pm

Monday
Spain v England 10.45pm

Tuesday
France v Germany 10.45pm
Rep of Ireland v Wales 10.45pm

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India Test squad

Virat Kohli (c), Mayank Agarwal, Rohit Sharma, Cheteshwar Pujara, Ajinkya Rahane, Hanuma Vihari, Rishabh Pant (wk), Wriddhiman Saha (wk), Ravichandran Ashwin, Ravindra Jadeja, Kuldeep Yadav, Mohammed Shami, Umesh Yadav, Ishant Sharma, Shubman Gill

In 2018, the ICRC received 27,756 trace requests in the Middle East alone. The global total was 45,507.

 

There are 139,018 global trace requests that have not been resolved yet, 55,672 of these are in the Middle East region.

 

More than 540,000 individuals approached the ICRC in the Middle East asking to be reunited with missing loved ones in 2018.

 

The total figure for the entire world was 654,000 in 2018.

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Labour dispute

The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.


- Abdullah Ishnaneh, Partner, BSA Law 

Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

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Fanney Khan

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Director: Atul Manjrekar

Cast: Anil Kapoor, Aishwarya Rai, Rajkummar Rao, Pihu Sand

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Libya's Gold

UN Panel of Experts found regime secretly sold a fifth of the country's gold reserves. 

The panel’s 2017 report followed a trail to West Africa where large sums of cash and gold were hidden by Abdullah Al Senussi, Qaddafi’s former intelligence chief, in 2011.

Cases filled with cash that was said to amount to $560m in 100 dollar notes, that was kept by a group of Libyans in Ouagadougou, Burkina Faso.

A second stash was said to have been held in Accra, Ghana, inside boxes at the local offices of an international human rights organisation based in France.

Updated: November 01, 2021, 11:17 PM