JUNA, South Sudan: Following an appeal from the United Nations, South Sudan removed recently imposed taxes and fees that had triggered suspension of UN food airdrops. Thousands of people in the country depend on aid from the outside.
The UN earlier this week urged South Sudanese authorities to remove the new taxes, introduced in February. The measures applied to charges for electronic cargo tracking, security escort fees and fuel.
In its announcement on Friday, the government said it was keeping charges on services rendered by firms contracted by the UN peacekeeping mission in South Sudan.
“These companies are profiting ... (and) are subjected to applicable tax,” Finance Minister Awow Daniel Chuang said.
There was no immediate comment from the UN on when the airdrops could resume.
Earlier, the UN Humanitarian Affairs Agency said the pausing of airdrops had deprived 60,000 people who live in areas inaccessible by road of desperately needed food in March, and that their number is expected to rise to 135,000 by the end of May.
The UN said the new measures would have increased the mission’s monthly operational costs to $339,000. The UN food air drops feed over 16,300 people every month.
At the United Nations in New York, UN spokesman Stéphane Dujarric said the taxes and charges would also impact the nearly 20,000-strong UN peacekeeping mission in South Sudan, “which is reviewing all of its activities, including patrols, the construction of police stations, schools and health care centers, as well as educational support.”
An estimated 9 million people out of 12.5 million people in South Sudan need protection and humanitarian assistance, according to the UN The country has also seen an increase in the number of people fleeing the war in neighboring Sudan between the rival military and paramilitary forces, further complicating humanitarian assistance to those affected by the internal conflict.
South Sudan removes newly imposed taxes that had triggered suspension of UN food airdrops
https://arab.news/ch53b
South Sudan removes newly imposed taxes that had triggered suspension of UN food airdrops
- The UN earlier this week urged South Sudanese authorities to remove the new taxes, introduced in February
- There was no immediate comment from the UN on when the airdrops could resume
Britain needs ‘AI stress tests’ for financial services, lawmakers say
- Lawmakers urge AI-specific stress tests for financial firms
LONDON: Britain’s financial watchdogs are not doing enough to stop artificial intelligence from harming consumers or destabilising markets, a cross-party group of lawmakers said on Tuesday, urging regulators to move away from what it called a “wait and see” approach.
In a report on AI in financial services, the Treasury Committee said the Financial Conduct Authority and the Bank of England should start running AI-specific stress tests to help firms prepare for market shocks triggered by automated systems.
The committee also called on the FCA to publish detailed guidance by the end of 2026 on how consumer protection rules apply to AI, and on the extent to which senior managers should be expected to understand the systems they oversee.
“Based on the evidence I’ve seen, I do not feel confident that our financial system is prepared if there was a major AI-related incident and that is worrying,” committee chair Meg Hillier said in a statement.
TECHNOLOGY CARRIES ‘SIGNIFICANT RISKS’
A race among banks to adopt agentic AI, which unlike generative AI can make decisions and take autonomous action, runs new risks for retail customers, the FCA told Reuters late last year.
About three-quarters of UK financial firms now use AI. Companies are deploying the technology across core functions, from processing insurance claims to performing credit assessments.
While the report acknowledged the benefits of AI, it warned the technology also carried “significant risks” including opaque credit decisions, the potential exclusion of vulnerable consumers through algorithmic tailoring, fraud, and the spread of unregulated financial advice through AI chatbots.
Experts contributing to the report also highlighted threats to financial stability, pointing to the reliance on a small group of US tech giants for AI and cloud services. Some also noted that AI-driven trading systems may amplify herding behavior in markets, risking a financial crisis in a worst-case scenario.
An FCA spokesperson said the regulator welcomed the focus on AI and would review the report. The regulator has previously indicated it does not favor AI-specific rules due to the pace of technological change.
The BoE did not respond to a request for comment.
Hillier told Reuters that increasingly sophisticated forms of generative AI were influencing financial decisions. “If something has gone wrong in the system, that could have a very big impact on the consumer,” she said.
Separately, Britain’s finance ministry appointed Starling Bank CIO Harriet Rees and Lloyds Banking Group ‘s Rohit Dhawan as “AI Champions” to help steer AI adoption in financial services.
