Asia-Pacific leaders meet to fast-track action on water, energy, cities and development partnerships ahead of 2030 deadline

Source: United Nations – ESCAP

The window to deliver on the Sustainable Development Goals (SDGs) is narrowing and regional progress must speed up. This was the clear message set forth as government officials, development experts, business leaders, civil society representatives and youth gathered today for the opening of the 13th Asia-Pacific Forum on Sustainable Development (APFSD) in Bangkok.

“The recent weakening of multilateralism threatens to erode the global partnerships we have forged and to unravel established channels for technology transfers, as well as the financing needed for sustainable development,” said Armida Salsiah Alisjahbana, United Nations Under-Secretary-General and Executive Secretary of the Economic and Social Commission for Asia and the Pacific (ESCAP).  

She added, “With Asia and the Pacific now a stronghold for both technology and finance, the region holds the means of implementation for sustainable development in its hands.  We must collectively consider anew how regional cooperation could provide solutions for our rapidly evolving world.”

H.E. Lok Bahadur Thapa, President of the United Nations Economic and Social Council (ECOSOC) underscored the importance of the Pact for the Future which reaffirmed commitments to strengthen multilateralism and reform international cooperation. “When Asia and the Pacific act collectively – whether on climate resilience, connectivity, trade or social protection – it reinforces stability, reduces fragmentation and strengthens the credibility of the international system. Strong regional cooperation does not dilute global ambition; it anchors it in practical collaboration and shared accountability.”

Persistent development gaps highlight need for practical action    

H.E. Fane Fotu Fituafe, Minister of Internal Affairs of Tonga was elected as Chair of the 13th APFSD. She emphasized the four-day Forum's importance as a key platform to review regional progress and discuss equitable, innovative, coordinated actions for sustainable development priorities moving forward at a fast pace.

Progress has remained imbalanced across the region. While access to basic drinking water and sanitation has improved over the past decade, safely managed sanitation services remain uneven, especially in poorer and climate-vulnerable countries. Droughts, floods and saltwater intrusion are making water security more fragile, particularly in landlocked developing countries and small island developing States.

Electricity access is now nearly universal across the region. But in many remote rural and island communities, power supply remains unreliable and expensive. Connecting the “last mile” and making energy affordable is still a major challenge.

The region has also expanded digital infrastructure rapidly. Yet being connected does not always mean being included. Gaps persist in digital skills, affordability and accessibility, especially for persons with disabilities and low-income households.

Beyond regional commitments, much of the work will depend on national and local action. Speakers at the APFSD further emphasized three practical enablers: political leadership willing to take difficult decisions, better use of timely data to adapt policies as conditions change, and stronger collaboration with businesses and civil society to deliver results on the ground.

Wannapong Yodmuang, representative from the Asia-Pacific People's Forum called for development to be rooted in human rights, care, justice and accountability. “Decision-making power must shift to the people most affected – leading solutions for their own communities.”

“We urge meaningful and sustained engagement for young people. Our recommendations are grounded in equity and justice, and we insist that every young person, in all our diversity, is recognized, included and empowered without exception,” shared youth representative Michelin Sallata.

New regional report highlights rising urban inequality; calls for inclusive and resilient solutions    

On the sidelines of the Forum, ESCAP, together with the Asian Development Bank and the United Nations Development Programme, also launched the 2026 Asia-Pacific SDG Partnership Report, Inclusive Urban Futures: From Inequality to Opportunity. The report warns that while cities in Asia and the Pacific are growing rapidly, inequality is growing alongside them: 697 million people live in slums, more than 65% of urban workers are in informal jobs, and 2.3 billion people breathe unsafe air.

The report calls for urgent action to make cities more inclusive and resilient. It showcases people-centred solutions that deliver results, including community-led housing and service delivery, initiatives to expand decent work and social protection for informal workers, and approaches to improve air quality, waste management and climate resilience.

For further information: https://www.unescap.org/events/apfsd13    

Watch the proceedings: https://www.youtube.com/unescap

The Economic and Social Commission for Asia and the Pacific (ESCAP) is the most inclusive intergovernmental platform in the Asia-Pacific region. The Commission promotes cooperation among its 53 member States and 9 associate members in pursuit of solutions to sustainable development challenges. ESCAP is one of the five regional commissions of the United Nations.

Australia – MassRobotics wraps Australian tour as Propel-AIR 2.0 entries open

Source: ARM Hub

BRISBANE, February 24, 2026 – From Boston to Brisbane and Beyond.

MassRobotics Co-Founder Joyce Sidopoulos and Director of Growth Marita McGinn completed a five-day national tour anchored by the launch of Propel-AIR 2.0, Australia's robotics and AI accelerator program.

The visit took them from ARM Hub in Brisbane to Sydney's leading universities and industry partners, connecting Australian founders and researchers directly to one of the world's most active robotics ecosystems.

What they found was a robotics sector ready to compete globally, and for STEM startups and Australian manufacturers, that matters.

Brisbane: the right people in the right room

The week opened on Monday at ARM Hub's Holland Street facility with a visit, discussion and tour with Queensland Assistant Minister for Finance, Trade, Employment and Training Amanda Stoker MP. Joyce and Marita of MassRobotics hosted an interactive session on commercialisation pathways and global market access.

Tuesday's ARM Hub Open Day and Propel-AIR 2.0 launch featured a robotics showcase from ADR, The Fish Girl, ProTX, Stratoship, Verbotics and the QUT Banana Project. Professor Roy Green set the tone for the day before roundtables brought together representatives from state and federal level, industry experts and some of Australia's leading academics.

“It was great to have the right people in the right place to have the conversations that turn into real opportunities for Australian robotics companies,” said ARM Hub CEO and Founder Professor Cori Stewart.

Attending the day as a guest of ARM Hub, SmartCompany's Tegan Jones reported on the demonstration in her Neural Notes column. More: https://www.smartcompany.com.au/artificial-intelligence/neural-notes-blue-caviar-problem-ai-was-built-to-solve

Sydney: universities, firesides & industry

The Sydney leg delivered insights sessions at UNSW, the University of Sydney, UTS and Western Sydney University. Sessions focused on where robotics and embodied AI are gaining traction globally, what is attracting investment, and how Australian startup ventures can launch and scale into markets faster.

As well as the university circuit, MassRobotics joined a fireside conversation hosted by Jacqui Hunter at Stone & Chalk, drawing some of Sydney's most active innovation community members, which Joyce and Marita flagged as one of the most interesting conversations of the trip.

The tour also included a sit-down with Amazon chaired by the Committee for Sydney, bringing together industry leaders for a conversation that reflected the growing seriousness with which Australia's technology sector is approaching the robotics opportunity. Joyce described it as one of the most valuable sessions of the week.

Propel-AIR 2.0: entries now open

Propel-AIR 2.0 is now open for entries at www.aiadopt.ai/propel-air.

The program gives Australian robotics startups, scaleups and innovators a pathway to global markets. The winning team receives a one-month residency at MassRobotics in Boston, including mentorship, investor connections and scheduled visits to organisations including Boston Dynamics and MIT. The winner then pitches to Silicon Valley investors and exhibits at RoboBusiness in California in October.

2025 winner Dominic Lindsay, whose Melbourne startup Nexobot is now completing a $2 million seed round, credits the program with helping land his first customer. “The really big uptick was once we won and once we got that publicity, it really just started to take off,” Lindsay told InnovationAus. More: https://www.innovationaus.com/arm-hub-sprint-starts-for-next-robotics-pioneer/

The week just gone showed what becomes possible when Australian robotics connects with the world's best. Enter here: www.aiadopt.ai/propel-air

About ARM

Hub ARM Hub is one of Australia's four government-backed AI Adopt Centres. Based in Brisbane, ARM Hub partners with manufacturers, SMEs, researchers and technology companies to drive innovation and productivity through advanced automation and AI solutions.

About MassRobotics

MassRobotics is a nonprofit organisation fostering robotics innovation and entrepreneurship. Located in Boston's Innovation District, MassRobotics has supported over 200 startups, which have collectively raised more than $1 billion in funding and created over 600 jobs.

Australia – Skytrans Australia eyes national expansion with new Sydney–Cobar route

Source: Skytrans

Regional airline and air charter company Skytrans Australia, a part of Avia Solutions Group, is further expanding its regional aviation network with the launch of a new charter regional air route between Sydney and Cobar.

Skytrans Australia has established itself as a leading operator in the Australian regional aviation market. The airline is committed to long-term sustainable growth, continually expanding its turboprop fleet and adding new regional routes to strengthen the delivery of reliable and affordable air services to rural, regional, and remote communities

Weekly flights from Sydney to Cobar commenced on January 19th, 2026. The first phase of these flights will continue until mid-May 2026. The route will be serviced by 36-seat Dash 8-200 aircraft based in Sydney, which also operate the recently launched Skytrans services between Sydney and Lord Howe Island.

“This new charter service to the Copper City, renowned for its rich mining history and heritage, reinforces our ongoing commitment to strengthening the delivery of reliable and affordable air services to rural, regional and remote communities”, said Skytrans Chief Commercial Officer Richard George. “It is an exciting opportunity and a genuine privilege to continue to extend our flight network into the regions, strengthening partnerships and supporting the ongoing development of regional communities and their economic wellbeing.”

Skytrans operates a fleet of Dash 8 turboprops and Airbus A319 jets across domestic Australia. Skytrans is planning further regional network expansion with both scheduled and contracted flying.

Skytrans Australia is uniquely placed as a beneficial partner across the regional aviation sector. Skytrans can help upgrade, grow and maintain essential regional air services with aircraft fleet strategies, ACMI and hybrid leasing models, and maintenance and operational solutions for any regional carrier operating across Australia.

Energy Sector – Announcement of cash dividend of NOK 3.5249 per share for third quarter 2025 – Equinor

Source: Equinor

23 FEBRUARY 2026 – Equinor ASA announced on 29 October 2025 a cash dividend per share of USD 0.37 for third quarter 2025.

The NOK cash dividend per share is based on average USDNOK fixing rate from Norges Bank in the period plus/minus three business days from record date 17 February 2026, in total seven business days.

Average Norges Bank fixing rate for this period was 9.5267. Total cash dividend for third quarter 2025 is consequently NOK 3.5249 per share.

On 27 February 2026, the cash dividend will be paid to relevant shareholders on Oslo Børs (Oslo Stock Exchange) and to holders of American Depositary Receipts (“ADRs”) on New York Stock Exchange.

This information is published in accordance with the requirements of the Continuing Obligations and is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Australia diagnostic imaging market to grow at 5% CAGR through 2036, forecasts GlobalData

Source: GlobalData

Australia’s diagnostic imaging market is steadily advancing, supported by the measured adoption of software-driven and precision-focused medical devices. As healthcare providers prioritize efficiency, functional assessment, and improved clinical decision-making, imaging technologies are becoming increasingly central to care delivery. Against this backdrop, Australia’s diagnostic imaging market is projected to grow at a compound annual growth rate (CAGR) of approximately 5% between 2026 and 2036, forecasts GlobalData, a leading intelligence and productivity platform.

GlobalData’s research indicates that Australia accounted for approximately 4% of the Asia-Pacific (APAC) diagnostic imaging market in 2025. While modest in share, the country benefits from consistent technology uptake and ongoing investment in advanced medical devices.

Shagufta Hasan, Medical Devices Analyst at GlobalData, comments: “In the recent years, Australia’s diagnostic imaging sector has demonstrated steady progress in software-driven imaging technologies, supported by sustained funding and research activity. Such developments reflect a growing emphasis on advancing and scaling the existing technologies to enhance clinical utility and support evolving healthcare needs.”

In January 2026, Australia-based medical technology company, 4DMedical secured over $100 million in funding to accelerate the commercialization of its CT:VQ medical device and expand institutional adoption, particularly in the US.

While the funding is primarily aimed at expanding its commercial presence internationally, the development of the device, CT:VQ remain primarily based in Australia. As a cloud-based medical imaging platform, this manufacturing encompasses software engineering, R&D, and data infrastructure activities, which continue to be anchored domestically.

The device delivers detailed ventilation and perfusion insights from standard CT scans, enabling functional lung assessment without the need for additional nuclear medicine procedures. This funding is expected to support ongoing R&D, broader market access, operational scale-up, and ongoing clinical validation activities in Australia, positioning the company for its next phase of growth.

Building on this momentum, the product is currently transitioning from clinical validation toward broader commercial availability across Australian hospitals and radiology networks. Therefore, the funding strengthens not only the company’s international expansion but also supports Australia’s research and innovation base.

While the domestic revenue contribution may remain relatively modest in the near-term, sustained investment into an Australia-headquartered, Australia-developed imaging medical device reinforces local R&D capability, supports high-value employment, and strengthens the country’s competitive position within the diagnostic imaging market.

Hasan concludes: “Continued investment in advanced, locally developed imaging medical devices positions Australia to strengthen its diagnostic capabilities and expand its expertise, not only domestically but also globally. Over time, this momentum is expected to enhance the country’s role within the Asia-Pacific diagnostic imaging landscape.”

Notes

Quotes provided by Shagufta Hasan, Medical Devices Analyst at GlobalData
This item is written using data and information sourced from proprietary databases, primary and secondary research, and in-house analysis conducted by GlobalData’s team of industry experts

About GlobalData

GlobalData operates an intelligence platform that empowers leaders to act decisively in a world of complexity and change. By uniting proprietary data, human expertise, and purpose-built AI into a single, connected platform, we help organizations see what’s coming, move faster, and lead with confidence. Our solutions are used by over 5,000 organizations across the world’s largest industries, delivering tailored intelligence that supports strategic planning, innovation, risk management, and sustainable growth.

Universities – SMART study reveals strategic flight connections key to attracting global business and investment

Source: Singapore-MIT Alliance for Research and Technology’s (SMART)

Most comprehensive study to date linking global air connectivity and multinational investment, covering 7.5 million firms and 400,000 flight routes over 30 years
Beyond evaluating number of direct connections, the researchers' new methodology – measuring pairwise connectivity, and degree, betweenness and eigenvector centrality – identifies the deeper network factors that shape global investment
Knowledge-intensive sectors such as finance, technology and professional services are especially sensitive to the quality of a city’s global air links

Singapore, 23 January 2026: A new study by the Singapore-MIT Alliance for Research and Technology’s (SMART) Mens, Manus & Machina (M3S)interdisciplinary research group, alongside collaborators from Massachusetts Institute of Technology (MIT) and National University of Singapore (NUS), has identified a strong statistical association between global air connectivity and patterns of where multinational corporations (MNCs) invest and set up subsidiaries. This is the most comprehensive global study merging 7.5 million firm records with 30 years of international flight data across more than 800 cities in 142 countries.

Illustrative snapshot of global air network as of 2019 and top hubs by eigenvector centrality. Nodes represent airport cities and links denote direct flight routes, while node size and colour highlight the most central cities as measured by eigenvector centrality. The right panel ranks the top 20 cities. 2019 data is shown here as it represents normal operating conditions, and key findings remain consistent over three decades. (Photo: SMART M3S)
The study’s significance lies in its unprecedented scale and its new methodology, which goes beyond evaluating the number of direct routes. Previous studies typically examined a small set of large global cities, specific regions or domestic flights, and often covered only short time periods. Additionally, the effect of air connectivity on a city’s attractiveness is often only assessed using local connectivity measures, such as total passenger flows or the number of direct flights to other cities. However, this overlooks the topological configuration of the global air transportation network and the influence of indirectly connected airport cities.

“Rigorous and data-driven research around connectivity is essential to understanding the forces that shape our cities and economies and to uncover the hidden infrastructure that enables global businesses. As cities become more interconnected and strive to evolve into global hubs, insights from large-scale, interdisciplinary research such as this will be critical to guiding sustainable growth,” said Fabio Duarte, Principal Investigator at M3S, associate director of MIT’s Senseable City Lab and co-corresponding author of the paper.

A new lens on a city’s economic competitiveness
The study, titled “Air Connectivity Boosts Urban Attractiveness for Global Firms” and recently published in Nature Cities, adopted a broader methodological approach. Analysing an unprecedented dataset allowed them to observe how improvements in air travel networks influence the expansion of MNCs into new cities.

The research combines firm-level records from the Orbis database with international flight data from the International Civil Aviation Organisation over three decades, from 1993 to 2023.

The study first evaluated pairwise connectivity — the number of direct and indirect flights between the cities in which parent companies and their subsidiaries are located. Then, to evaluate global connectivity, the researchers analysed patterns in the air travel network using network-based centrality measures – including degree (number of direct flight connections), closeness (how easily a city can reach others with minimal layovers), betweenness (how often a city acts as a transfer point between other cities) and eigenvector (a city’s flight routes and the connectedness of its linked destinations) centrality. The study found that pairwise connectivity, alongside degree, betweenness and eigenvector centrality, play a significant role in shaping where multinational corporations establish subsidiaries.

Key findings
Fewer layovers meant more subsidiaries: The study provided strong empirical evidence that air traffic connectivity is a critical coordination infrastructure for multinational corporations, showing a clear correlation between flight convenience and foreign investment. Even one layover is associated with an average of 20% fewer subsidiaries being established, and this rises to 34% with two or more layovers.

Quality of flight connections matters most: A city’s eigenvector centrality – capturing not only a city’s own flight routes but also its indirect connections through its destinations, reflecting its embeddedness in the global air network – was found to be the strongest predictor of how many foreign subsidiaries it attracted. Cities with flight connections to influential global flight hubs consistently outperform those with more flight connections but to less-connected destinations – a 10% increase in eigenvector centrality is associated with nearly a 1% increase in the number of foreign subsidiaries.

Knowledge-intensive sectors rely on connectivity: The impact of air connectivity is especially pronounced in industries that depend on frequent face-to-face interaction, including finance, consulting, technology and other knowledge-based services. For these sectors, direct flights and strong global connections are especially important for attracting investment, while the effect is much weaker for others such as manufacturing and retail.

Singapore among highly connected cities
Singapore hosts roughly 6,000 large- and medium-sized foreign-owned subsidiaries with a minimum annual revenue of US$5million – the highest number for any city. In the connectivity metrics studied, Singapore scores highly on eigenvector centrality – alongside other cities such as London, Paris, Hong Kong, Dubai and Tokyo – reflecting its strategic links to other well-connected airports. These patterns suggest that global connectivity is a contributing factor – among other unobserved factors – that may shape where multinational firms choose to locate.

Global distribution of MNC’s subsidiaries in 2023. Each dot represents an airport city, with colour shading indicating the number of subsidiaries of foreign MNCs in 2023 (red represents the highest number). The right panel ranks the top 20 cities by subsidiary count. (Photo: SMART M3S)

“By looking beyond simple counts of routes and examining how cities are embedded in the wider air network, our study reveals the deeper structural factors that shape multinational expansion. It demonstrates that firms respond not only to a city’s direct access, but also to the strategic advantages conferred by its position within global connectivity,” shared Wen-Chi Liao, Associate Professor of Real Estate and Assistant Dean at the NUS Business School, Visiting Associate Professor at the MIT Center for Real Estate (CRE) and one of the authors of the paper.

Navigating the path to global competitiveness
The practical implications of these findings are significant for policymakers, urban planners and business leaders. Notably, the patterns and findings identified in the study have remained strong throughout the 30-year period, even amidst massive changes in how businesses operate and connect – shaped by shifts such as the internet, rapid digital advances, teleconferencing and digital collaboration tools, and the COVID-19 pandemic. This enduring relationship underscores the importance of maintaining and strengthening strategic air connections to increase a city’s attractiveness to multinational firms and foreign investment.

For Singapore, the research suggests that its continued focus on innovation and strategic planning in aviation has proven to be essential, particularly as global competition intensifies.

“This study highlights important implications for urban planning and economic policy, as air connectivity isn’t just about adding more routes for travel – it’s about sustaining economic vibrancy and being attractive to MNCs. The results are clear – being connected to influential hubs is critical in better overcoming coordination barriers and accelerating business expansion,” saidAmbra Amico, Postdoctoral Researcher at M3S and co-corresponding author of the paper.

As global competition and trade frictions intensify, cities that prioritise not just the quantity but the quality of their air network connections will be best positioned to attract foreign investment and drive sustainable economic growth.

“With trade and geopolitical frictions, it’s more and more important to have face-to-face interactions to build trust for global trade and business. You still need to reach an actual place and see your business partners, so cities with good air connectivity really influences how global business copes with global uncertainties,”, said Siqi Zheng, Principal Investigator at M3S, Professor and Faculty Director of MIT Center for Real Estate, and one of the authors of the paper.

The research conducted at SMART was supported by the National Research Foundation Singapore under its Campus for Research Excellence and Technological Enterprise (CREATE) programme.

Hong Kong: Rejected appeals in ‘HK 47’ case a missed opportunity to start restoring justice

Source: Amnesty International

Responding to the Hong Kong Court of Appeal rejecting the appeals of 12 defendants in the ‘Hong Kong 47’ case, Amnesty International Hong Kong Overseas spokesperson Fernando Cheung said:

“The court’s dismissal of these appeals underlines the grave state of human rights in Hong Kong and once again demonstrates the politically motivated nature of the Hong Kong 47 case.

“None of these 12 defendants committed an internationally recognized crime; they have been serving lengthy sentences simply for exercising their rights to freedom of expression, association and participation in public affairs.

“It is deeply concerning that, since the introduction of ‘Article 23’ in 2024, at least eight defendants in the Hong Kong 47 case have reportedly been denied early release on the basis of vague and new national security justifications, in contrast to previous long-standing practice in Hong Kong.

“This shows how ‘Article 23’, like the Beijing-imposed National Security Law used to prosecute the Hong Kong 47, has been weaponized to impose additional punitive and retroactive measures against dissidents, including silencing those already behind bars.

“By failing to overturn these wrongful convictions and sentences today, the court has missed a critical opportunity to correct this mass injustice.

“Peaceful opposition to a government is not a crime, and all remaining jailed members of the Hong Kong 47 should be released immediately and unconditionally.”

Background

The Hong Kong Court of Appeal today dismissed the appeals of 12 defendants in the ‘Hong Kong 47’ case.

In Hong Kong’s largest prosecution under the Beijing-imposed National Security Law, which was enacted in June 2020, 47 opposition figures were jointly charged with “conspiracy to commit subversion”. Thirty-one of the 47 pleaded guilty to the charge while 16 pleaded not guilty, two of whom were acquitted.

The charges against the “Hong Kong 47” relate to their organization and participation in self-organized “primaries” for the 2020 Legislative Council elections that were ultimately postponed by authorities on Covid-19 grounds before a new electoral system that strictly vetted who could stand for office was brought in.

To treat self-organized “primaries” conducted by political parties to select candidates to put forward for elections as a genuine threat to Hong Kong’s existence, territorial integrity or political independence does not meet the high threshold of application for “national security” that international human rights standards require.

In March 2024, Hong Kong introduced its Safeguarding National Security Ordinance, often referred to as the ‘Article 23’ law. The law has further squeezed people’s freedoms and enabled authorities to intensify their crackdown on peaceful activism in the city and beyond.

‘Article 23’ has also been used to impose additional punitive measures against dissidents already serving sentences. Before the enactment of ‘Article 23’, the Prison Rules provided that prisoners with good conduct were eligible for early release after serving two-thirds of their sentences. However, under new rules introduced pursuant to ‘Article 23’, the prison authorities can deny the early release on “national security” grounds.

Economy – Trump’s tariff agenda unravelling, investors eye with cautious optimism – deVere Group

Source: deVere Group

February 20 2026 – US President Trump's signature economic agenda, his tariff regime, appears to be visibly crumbling, yet financial markets are poised to rally through the debris, asserts the CEO of global financial advisory giant deVere Group.

The assessment from Nigel Green comes after the US Supreme Court determined on Friday that President Donald Trump overstepped his legal authority in rolling out sweeping global tariffs without congressional approval, handing the White House a major setback on a policy that has defined his economic agenda, and to a lesser degree foreign strategy since returning to office in January 2025.

Nigel Green says: “This ruling strikes at the core of the administration's economic doctrine.

“Trade confrontation was positioned as the engine of renewed domestic strength.

“Instead, it now faces constitutional limits, market scrutiny, and diminishing economic returns.”

He continues: “Tariffs were sold as a lever to rebalance trade and protect US industry. In practice, they have functioned as a tax on importers, many of whom passed costs directly to consumers.

“Corporate margins have tightened in sectors reliant on global supply chains, and investment decisions have been delayed amid policy uncertainty.”

Recent economic data underscore the fragility of the current environment. Growth has moderated from last year's pace, while inflation measures have shown renewed firmness in categories exposed to higher import costs.

Wage growth remains solid, yet household purchasing power is constrained by elevated prices in services and goods.

The deVere CEO explains: “The economy's not collapsing, but it's losing velocity. Inflation remains persistent enough to limit policy flexibility, and business confidence is sensitive to abrupt regulatory and trade shifts.

“Today's Supreme Court's decision injects a new variable into that equation.”

Despite the political blow, he argues markets are unlikely to respond with sustained panic.

“Investors differentiate between political theatre and earnings power. Equity markets are forward-looking, and they are being supported by strong balance sheets in major US corporations, continued capital expenditure in AI and tech, and expectations that policymakers will ultimately avoid extreme outcomes.”

He adds: “Large-cap equities, particularly in AI infrastructure, semiconductors, and cloud computing, continue to attract global capital.

“Even if tariff authority is curtailed, the structural investment cycle in advanced computing and automation remains intact.”

Bond markets, however, may react with greater nuance.

“If tariffs are rolled back or diluted, some inflationary pressure tied to import costs could ease over time, which may support the longer end of the Treasury curve. Yet persistent fiscal deficits and firm wage growth can also be expected to keep upward pressure on yields.”

Currency markets face competing forces.

“The US dollar could experience bouts of volatility. Reduced trade tension may support global risk appetite, tempering safe-haven flows into the dollar.”

He cautions against simplistic conclusions. “A judicial setback does not automatically reverse the economic trajectory. Implementation timelines, potential legislative responses, and geopolitical reactions all matter.

“Markets will price in probabilities.”

Corporate America, he observes, is likely to adapt quickly.

“Many multinationals have already diversified supply chains and restructured sourcing strategies in anticipation of prolonged trade friction.

“A recalibration of tariff authority may ease cost pressures incrementally, but strategic shifts made over the past year will not be undone overnight.”

Nigel Green concludes: “President Trump's tariff-driven strategy is under clear strain following this ruling.

“The legal boundary has been reinforced, and the economic case for broad-based trade barriers has weakened.

“Yet financial markets are pragmatic. If the result is greater clarity, reduced policy unpredictability, and sustained investment in AI and tech, equities can advance even as the political narrative fractures.”

“Investors should expect volatility around policy announcements and court developments, firmer scrutiny of fiscal sustainability, and selective strength in sectors with durable earnings growth.”

deVere Group is one of the world's largest independent advisors of specialist global financial solutions to international, local mass affluent, and high-net-worth clients.  It has a network of offices around the world, more than 80,000 clients, and $14bn under advisement.

Philippines: Duterte confirmation of charges hearing a crucial opportunity for justice at ICC

Source: Amnesty International

Ahead of former Philippines President Rodrigo Duterte’s confirmation of charges hearing at the International Criminal Court (ICC) on Monday 23 February, Amnesty International’s Secretary General Agnès Callamard said:

“Former President Rodrigo Duterte’s long-awaited day in court is a significant step towards delivering justice for victims and survivors of his administration’s deadly so-called ‘war on drugs’.

“It also reminds the international community that nobody is above the law, no matter the ferocity of attacks, sanctions and threats aimed at the ICC from some world leaders.

“The ICC’s Pre-Trial Chamber must now swiftly reach a decision on confirming the charges of crimes against humanity against Duterte so that justice can proceed.

“Just as Duterte has the right to a fair trial, timely progress towards justice remains essential to uphold victims’ rights. Should the charges be confirmed, the trial must proceed promptly and witnesses must be protected from intimidation.

“We urge the Philippine government to cooperate with the ICC’s ongoing investigation into crimes committed in the country, including by promptly enforcing any further arrest warrants issued by the Court.

“The government’s surrender of Duterte to the ICC does not absolve it of responsibility to deliver domestic accountability for violations in the ‘war on drugs’. Alongside the ICC, the government must carry out effective investigations against all others suspected of involvement in extrajudicial executions and hold perpetrators accountable in fair trials.”

Background

In March 2025, former President Duterte was arrested by the Philippine government and surrendered to the ICC to face charges of murder and attempted murder as crimes against humanity linked to his government’s so-called “war on drugs” and previously his time as mayor of Davao City between 2013 and 2016. Duterte’s initial appearance before the Court took place on 14 March 2025.

Since his arrest, he has been awaiting trial in ICC custody in the Netherlands. Lawyers for the former President have challenged the Court’s jurisdiction, his ongoing detention and his fitness to stand trial. Most recently, they have sought the disqualification of Filipino lawyers who were appointed to represent victims before the Court.

A challenge to the Court’s jurisdiction remains pending before the Appeals Chamber. In January 2026, a Pre-Trial Chamber determined, following a review by medical experts, that Duterte is fit to stand trial.

The Pre-Trial Chamber needs to make its decision on whether to confirm some or all of the charges within 60 days after the 23-27 February hearings conclude. Should it do so, the case would be transferred to a different chamber for the actual trial.

During the Duterte administration from 2016 to 2022, thousands of people, mostly from poor and marginalized communities, were unlawfully killed by the police – or by armed individuals suspected to have links to the police – as part of the “war on drugs”.

Amnesty International has published major investigations detailing extrajudicial executions and other human rights violations by police and their superiors. The organization has determined that the acts committed reach the threshold of crimes against humanity.

The ICC continues to investigate further potential crimes against humanity, during the “war on drugs” and by the Davao Death Squad in Davao City while Duterte served as mayor from 2011 to 2016. On 13 February 2026 a “Public Lesser Redacted Version” of the document containing charges listed eight other persons as co-perpetrators of crimes alongside Duterte. No further arrest warrants have been made public yet.

Australia – Landmark Adelaide conference to give refugee communities a voice

Source: Refugee Communities Association of Australia (RCAA)

An impressive line-up of leading international and Australian refugee advocates will headline this year’s second Refugee Communities Association of Australia (RCAA) National Conference.

Iranian Kurdish journalist, human rights defender and writer Behrouz Boochani and former UNHCR Assistant Commissioner, former President of the Australian Human Rights Commission Dr Gilian Triggs and human rights advocate Nyadol Nyuon, OAM, are among the keynote speakers at the conference held at the Adelaide Festival Centre on March 25 and 26.

Mr Boochani was held in the Manus Island detention centre in Papua New Guinea between 2013 and its closure in 2017. He now lives in New Zealand where he is a research fellow at the University of Canterbury.

Also speaking at the conference will be the Co-Executive Director of the Rohingya Maìyafuìnor Collaborative Network Noor Azizah, Co-Secretary General Asia Pacific Refugee Rights Network Hafsar Tameesuddin, Chief Executive Officer, Scanlon Foundation Research Institute Anthea Hancocks, CEO of the Centre for Multicultural Youth Carmel Guerra OAM, CEO of migrant and refugee settlement agency AMES Australia Melinda Collinson, Executive Director of the Australian Multicultural Foundation Hass Dellal AO and CEO of Refugee Legal David Mann.

Also, among the speakers from South Australia are Mr Muzafar Ali, CEO of Cisarua Learning, Ms Mirsia Bunjaku, CEO of the Australian Migrant Resource Centre, Mr Sebastian Geers, Manager of Welcoming Cities, Ms Blur Abdulla SA Manager of AMES Australia, Ms Helena Kyriazopoulos OAM, CEO of the Multicultural Communities Council of South Australia (MCCSA), Dr Natasha Elsley, GP Consultant, South Australia Refugee Health Service, and many prominent academics, heads of organisations and advocates.

The Second RCAA National Conference 2026 is supported by a grant from the “Department of the Premier and Cabinet”, Multicultural Affairs, Government of South Australia.

The conference will focus on facilitating conversations, sharing knowledge, and increasing awareness of the lived experiences of new and emerging communities, migrants, and multicultural communities as well as highlighting their contributions to Australia.

Under the theme “Empowering Refugees and Multicultural Communities Together”, the conference will explore how refugee communities move beyond initial settlement to multicultural leadership, ensuring their voices actively influence policies, services, and decision-making at all levels.

The long-term goal of RCAA is to establish a framework fostering a self-reliant, progressive, and culturally inclusive approach, strengthening refugee leadership through policy, advocacy, support, capacity building, and working with all stakeholders.

The conference is expected to bring together more than 250 delegates, representing more than 50 organisations. Attendees will include new and emerging communities, multicultural communities, refugee organisations, service providers, policymakers, academics, businesses, and representatives from all levels of government.

The conference will serve as a platform for meaningful engagement, collaboration, and innovation in multicultural leadership and integration. The conference will provide an opportunity to:

Advance multicultural leadership and amplify their voices within Australian society
Promote awareness of the contributions of refugee communities to the social and economic wellbeing, and rich cultural fabric of Australia
Foster dialogue that encourages the exchange of knowledge, ideas, and solutions between new and emerging communities, service providers, and policymakers
Strengthen the advocacy capacity of ‘lived experience’ led organisations and build a stronger, more cohesive network
Develop a foundation of lived experience and evidence-based insights to shape policy and service delivery

RCAA Chair Parsu Sharma Luital said the conference would also feature case studies of successful multicultural sector led initiatives and examine how their approaches can be adapted and implemented by other agencies to enhance their leadership and support systems.

“It will also celebrate the role of lived experience in shaping service provision, employment pathways, and community programs and explore opportunities for partnerships between new and emerging communities, service providers, businesses, and government agencies,” Mr Sharma Luital said.

Kamal Dahal, RCAA Treasurer and Co-Chair of the Conference Organising Committee, said, “I am sincerely thankful to the Government of South Australia for generously supporting our RCAA conference. We are delighted to welcome delegates from across Australia and beyond borders, joining a large contingent of our South Australian delegates. South Australia is proudly a multicultural state, which is home to people from over 200 countries, speaking over 250 languages and practising more than 125 faiths and beliefs”.

“As a member of the inaugural Multicultural South Australia Ambassador Program, established under the South Australian Multicultural Commission, I see this conference as a strong reflection of our state’s commitment to meaningful engagement and purposeful representation of our multicultural community,” said Mr Dahal.

A conference dinner will honour the rich cultural diversity of South Australia and celebrate the contributions of multicultural communities from across Australia.

Bringing together delegates, community leaders, and stakeholders, the dinner will be a night of connection, recognition, and cultural appreciation, reflecting the strength and resilience of our diverse communities.

The Second RCAA National Conference 2026 is being supported by a grant from the Government of South Australia.

Conference website and registration link: https://rcaaconference2026.com.au/registration/

About RCAA

The RCAA is Australia’s first membership-based, refugee-led organisation (RLO), distinguished by its strong grassroots foundation and extensive reach with refugee communities and key stakeholders. RCAA unites over 70 member organisations nationwide and thousands of individuals, each embodying the resilience, strength, and rich diversity of refugee communities.

Together, RCAA forms a collective force that amplifies diverse voices, advocates for systemic change, and strengthens the already rich fabric of Australia’s multiculturalism. With leadership drawn directly from those with lived experience, RCAA ensures that policies and programs impacting these communities are shaped by those with lived experience.