Transition Roadmap News Today : Breaking News, Live Updates & Top Stories | Vimarsana

COP28 and automotive.

Amid soaring EV sales in the Global North, COP28 sees the first 'coordinated plan' to support EVs in developing countries.

<p><span>The finish line for US dollar (USD) LIBOR transition at end-June 2023 is now less than three months away. There has been significant progress made to date, and market participants must continue to act in order to ensure an orderly transition and to support the foundations necessary for a sustainable and stable financial system going forward. Given the limited time ahead, the FSB stresses that it is critical that market participants act expeditiously to ensure that their legacy contracts are prepared to transition by end-June 2023.</span></p>

With the end date for USD LIBOR transition now less than three months away, the Financial Stability Board is encouraging the market to finalise the transition of legacy contracts to prevent a “pile up” as the cut-off approaches

On 1 December, the African Union Commission Chairperson, Moussa Faki Mahamat and the United Nations Secretary-General, António Guterres, held the sixth African Union-United Nations Annual Conference in Addis Ababa, Ethiopia.The Chairperson and the Secretary-General welcomed the continuing strong cooperation and collaboration between the two organizations. The Chairperson and the Secretary-General reviewed progress in implementing the