News

• Business and human rights - UN Guiding Principles

  In June 2011, the Human Rights Council endorsed the UN Guiding Principles on Business and Human Rights.  This marked the culmination of several years’ work by the UNSG Special Representative on Business and Human Rights, Professor John Ruggie, with the UK playing a key role in support. 
  
  The Principles are also known as the ‘Protect, Respect and Remedy Framework’, for the three pillars they comprise, namely the State duty to protect against human rights abuses by third parties, including business; the corporate responsibility to respect human rights of others; and the need for access by victims to effective remedies, judicial and non-judicial.
  
  The Foreign & Commonwealth Office is working with UK Trade & Investment to signpost companies towards the UN Guiding Principles, and in due course to the government’s new strategy, with the clear message that Her Majesty's Government expects companies to build corporate responsibility on human rights into how they operate overseas.

• LATEST FINANCIAL NEWS

  Full stories on www.portfolio.hu/en
  
  - Hungary to drag out credit talks with IMF/EU as long as it can
  - Hungary posts huge trade surplus in February, exports stagnate
  - Dealers scoop up Hungary's 3-month bills, yield drops
  - Hungary manufacturing PMI plummets to 46.9 in April
  - Hungary signs co-operation deals with China
  
  Full stories on www.portfolio.hu/en