Current Affairs
· Political Related Fast News
2. The Australian Prime Minister asserted that it is not just China and the United States that will determine that Indo pacific stays on a path for free and open trade.
3. Indra Mani Pandey currently has been serving as an additional secretary in the Ministry of External Affairs (MEA) and is expected to take up his new position shortly.
· Business Related Fast News
1. Medical
equipment such as infrared thermometers and pulse oximeters needed in the fight
against Covid-19, among others, are stuck at the ports and may result in
shortages soon, according to the Pharmaceutical Export Promotion Council (Pharmexcil).
2. Traders said the latest change in import policy
for urad (black matpe), which advanced the last date of import by six months to
August 2020 from March 2021, led to a sharp increase in international prices
because Indian buyers were left with a smaller window for imports.
3. Export of Indian goods to Bangladesh through
the Petra pole border in West Bengal was disrupted on Wednesday due to
agitation by a section of exporters of the neighbouring country, an official of
Federation of Indian Exporter Organizations (FIEO) said.
4. Importers of agricultural commodities from
China are also worried. Traders said they would have to look for alternatives
for communication with Chinese parties.
5. Top trade bodies shared this observation at a
webinar organized by Confederation of All India Traders (CAIT) on plans of
expansion of the ban Chinese products campaign.
· Technology Related Fast News
2. PS5 is coming to India for sales.
3. ISRO Mangalyaan has been given photo of the moon of mars.
4. A boy from Punjab spend 16 lakh rupees of his parents in the PUBG game.
Political News
1. Donald Trump’s
‘strong wall’ to block Covid-19 from China had holes.
-04 JULY 2020
PRESIDENT Donald Trump has repeatedly credited his February ban on
travelers from mainland China as his signature move against the advance of the
coronavirus pandemic—a ‘strong wall’ that allowed only U.S. citizens inside, he
boasted in May.
Exempted were thousands of residents of the Chinese territories of
Hong Kong and Macau. Efforts to track U.S. residents returned from mainland
China were riddled with errors and broken communications.
2. PM Modi flies to Leh
in signal to China, gets briefing at 11,000 feet on standoffs.
-03 JULY 2020
In a closely guarded move, Prime Minister Narendra Modi
accompanied by Chief of Defense Staff (CDS) General Bipin
Rawat and Army Chief Gen M N Narayana landed a Leh on Friday morning to
review the tri-services preparedness against the aggressive People’s Liberation
Army (PLA) as well as understand the proposed de-escalation and disengagement
process at the four stand-off points.
PM Modi will address Indian troops at Thiksey near Leh. He will
also meet injured soldiers at the hospital in Nimu near Leh.
3. Donald Trump grateful
to health workers for Covid-19 fight: White House.
-02 JULY 2020
US president Donald Trump is tremendously grateful to all the
doctors, nurses and healthcare professionals, including Indian- American, who
have selflessly risen to the occasion to combat the corona virus pandemic, the
White House has said.
More than 100,000 Indian-American doctors have contributed to the
fight against the corona virus and the president thanks them for their
tireless, life-saving work, White House Assistant press secretary Karoline
Leavitt told PTI on Wednesday.
4. UK hits back over
China’s law on Hong Kong; offers citizenship.
-01 JULY 2020
Terming China’s new security law for Hong Kong a ‘clear and
serious breach’ of the agreement ha preceded the 1997 handover, the Boris
Johnson government on Wednesday hit back at Beijing and offered a new
citizenship path to residents of the former British colony.
In strongly-worded statements, Prime Minister Boris Johnson and
foreign secretary Dominic Raab told parliament that the law violates the 1984
Sino-British Joint Declaration under which Hong Kong’s autonomy was guaranteed
under the ‘one country, two systems’ principle for a period of 50 years, it
also violates China’s and Hong Kong laws, hey claimed.
5. Chinese President Xi
Jinping signs bill that could mean jail for dissent in Hong Kong.
-30 JUNE 2020
China’s President Xi Jinping on Tuesday signed into law the Hong
Kong national security bill in a closed-door meeting of the elites of the Communist
Party of China (CPC) in Beijing, formalizing a legislation that critics fear
could crush the city’s freedom.
Official news agency Xinhua said Chinese lawmakers had voted o
adopt the law and decided the ‘national security law would be included’ in Hong
Kong’s mini constitution known as the Basic Law.
6. US President Donald
Trump anger at ‘white power’ retweet.
-29 JUNE 2020
US President Donald Trump retweeted a video showing one of his
supporters in Florida shouting “white power” at protesters of his
administration, drawing an immediate rebuke from the only black Republican in
the senate.
The video on Twitter, which was later deleted from Trump’s feed,
shows Trump protesters and supporters shouting profanities at each other. After
a protester calls a Trump supporter a racist, the man responds b raising his
fist and shouting “white power”.
The slogan is often used b white supremacists.
7. President rump issued
to order targets statue vandalism.
-28 JUNE 2020
President Trump issued an executive order on Friday that
instructed federal law enforcement authorities to prosecute people who damage federal
monument or statues and that threatened to withhold funding from local
government that fail to protect their own statues from vandals.
The order, which trump announced on Twitter, comes as he seeks to
seize on a Democrats are waging an assault on the nation’s history.
“Anarchists and Left-wing extremists have sought to advance
a fringe ideology that paints the United States of America as fundamentally
unjust,” Trump writes in the order, which is titled,” Protecting American
Monuments, Memorials and Statues and combating Recent criminal Violence.”
Business News
1.China urges India to 'correct
discriminatory practices' against its firms after ban on Chinese apps
-3 JULY 2020
Beijing: Days after India banned 59 Chinese apps
for engaging in activities which are "prejudicial" to the sovereignty
and integrity of the country, Beijing on Thursday urged New Delhi to
immediately "correct its discriminatory practices" against Chinese
companies.
India on Monday banned 59 apps with Chinese
links, including the hugely popular TikTok and UC Browser, for engaging in
"activities which are prejudicial to sovereignty and integrity of India,
defense of India, security of state and public order".
The ban also comes in the backdrop of the current
stand-off along the Line of Actual control in eastern Ladakh with Chinese
troops.
Responding to reports that both countries are
strengthening import regulations and suppressing each other's export goods amid
the tense border situation and its impact on China's foreign trade enterprises
exports to India, Chinese Commerce Ministry Spokesman Gao Feng said that China
has not taken any restrictive measures against Indian products and services.
"First of all, I want to clarify that China
has not taken any restrictive and discriminatory measures against Indian
products and services," he said, according to the transcript posted on the
ministry's website.
2.Novartis
pays $678 million to resolve suit over sham doctor outings
-2 JULY 2020
Pharmaceutical
Corp. will pay $678 million to the U.S. government and various states to settle
a lawsuit over a sham speaker program that distributed cash, expensive dinners
and other treats to induce doctors to prescribe its products, federal
authorities announced Wednesday.
The
settlement of the lawsuit was announced by Acting Manhattan U.S. Attorney
Audrey Strauss, who said the company splurged on "speaking fees,
exorbitant meals, and top-shelf alcohol that were nothing more than bribes to
get doctors across the country to prescribe Novartis's drugs."
Messages
seeking comment were left with lawyers for Novartis Pharmaceuticals, which is part of Swiss drug manufacturer Novartis
International AG.
Vas
Narasimhan, chief executive of Novartis, said in a statement that the company
has already changed, "with new leadership, a stronger culture, and a more
comprehensive commitment to ethics embedded at the heart of our company."
"With
these agreements we mark an important milestone on our journey to build trust
with society as we continue re-imagining medicine to improve and extend lives
all around the world," Narasimhan said.
3.Facebook frustrates advertisers as boycott over
hate speech
kicks off
-1 JULY 2020
Advertisements for more than 400 brands including
Coca-Cola and Starbucks are due to vanish from Facebook on Wednesday, after the
failure of last-ditch talks to stop a boycott over hate speech on the site.
U.S. civil rights groups have enlisted the multinationals to help pressure the
social media giant into taking concrete steps to block hate speech in the wake
of the death of George Floyd and amid a national reckoning over racism.
Facebook executives including Carolyn Everson,
vice president of global business solutions, and Neil Potts, public policy
director, held at least two meetings with advertisers on Tuesday, the eve of
the planned one-month boycott, three sources who participated in the calls told
Reuters. But the executives offered no new details on how they would tackle hate
speech, the sources said. Instead, they pointed back to recent press releases,
frustrating advertisers on the calls who believe those plans do not go far
enough.
"It's simply not moving," said one
executive at a major ad agency of the conversations. Facebook Chief Executive
Mark Zuckerberg has agreed to meet with the organizers of the boycott, a
spokeswoman said late Tuesday. U.S. civil rights groups including the
Anti-Defamation League, NAACP and Color of Change started the "Stop Hate
for Profit" campaign after the death of Floyd, a Black man who died under
the knee of a white police officer last month.
4.Apple not dominant in any market, plenty of
rivals, senior executive says
-30 JUNE 2020
iPhone maker Apple,
the target of EU antitrust investigations into key segments of its business, on
Tuesday rejected accusations of market dominance, saying it competes with
Google, Samsung and other rivals.
Earlier this month,
the European Commission opened investigations into Apple's App Store and mobile
payment system Apple Pay, concerned about its role as a gatekeeper to its
lucrative platform.
"We compete with
a wide variety of companies, Google, Samsung, Huawei, Vivo, LG, Lenovo and many
more," Daniel Matray, head of Apple's App Store and Apple Media Services,
told a Forum Europe online event.
"In fact, Apple
does not have a dominant position in any market, and we face strong competition
in every category, in tablets, wearables, desktop and notebook computers, maps,
music, payments, messaging, and more," he said.
Matray defended
Apple's App Store, saying the same rules apply to all developers, large and
small, with 85% of apps not required to pay a 30% fee to the company which is
only valid for those which use its in-app payment service.
The EU is investigating
whether this requirement and rules preventing developers from informing users
of cheaper products elsewhere are anti-competitive.
It is also probing
Apple's terms and conditions on how its mobile payment service Apple Pay should
be used in merchants' apps and websites, and also the company's refusal to
allow rivals access to the payment system.
The EU investigations
were prompted by a complaint by Swedish music streaming service Spotify and an
e-book rival.
Matray said the App
Store has boosted competition, rather than harmed rivals.
"In the nearly 12 years since the
App Store debuted, the best measure of its success is the dynamism it has
unleashed and the state of the app economy today," he said.
5.Zimbabwe
halts stock trading, transfers to defend currency
-29 JUNE 2020
Zimbabwe's
stock exchange suspended trading on
Monday following a weekend government order that also forced mobile money
transfer platforms to temporarily halt business as authorities tried to protect
the country's currency.
As galloping inflation has ratcheted up tension,
the Information Ministry permanent announced in a surprise statement late
Friday the immediate suspension of trade on the ZSE and transfers on mobile
money platforms that are key to retail trade.
Information Ministry Permanent Secretary
Nick Mangwana blamed mobile money transfer platforms for causing a gap between
the market exchange rate for the Zimbabwean dollar and the official exchange
rate.
He said government was in "possession of
impeccable intelligence ... whereby mobile-based phone systems... are
conspiring with the help of the Zimbabwe Stock Exchange -- either deliberately
or
inadvertently -- in illicit activities that
are sabotaging the economy."
He singled out one
service provider as "the central pivot of the galloping black market
exchange rate therefore fueling the incessant price hikes of goods and services
that are bedeviling the economy and causing untold hardship to the people of
Zimbabwe."
6.Huawei
controversy opens field for 5G challengers
-28 june 2020
With growing pressure
to keep China's Huawei out of 5G
network development, it
could be time for firms like Japan's NEC and South Korea's Samsung
to shine.
Washington has pushed allies to bar Huawei, a
Chinese telecom giant, from building next-generation 5G mobile networks, claiming its equipment can be used to spy
for Beijing.
Huawei denies the charges, but US pressure has
prompted an about-turn in Britain.
The government had already pledged to cut the
firm out of the most sensitive "core" elements of 5G that access
personal data, and is now reportedly pushing for plans to end Huawei's
involvement in Britain's 5G infrastructure by 2023.
But excluding Huawei is not without challenges, because
there are currently only two alternatives in Europe for 5G equipment such as
antennas and relay masts: Finland's Nokia and Sweden's Ericsson.
7.Byju parent makes $300 million cash offer for
WhiteHat Jr
-4 JULY 2020
Think and Learn, which owns and operates educational
technology platform Byju’s, has made a $300 million all-cash offer to acquire
smaller peer WhiteHat Jr, one week after the Bengaluru-headquartered unicorn
closed a new funding round from Bond Capital, the investment firm led by storied
Silicon Valley investor Mary Meeker.
The development comes at a time when WhiteHat Jr
is already in the market to raise $50 million in fresh financing at a valuation
of $350 million, and has held discussions with a number of notable venture capital
and private equity firms, including Sequoia Capital, GIC - the sovereign wealth
fund of the government of Singapore, Renuka Ramnath-led Multiples Alternate
Asset Management, Tiger Global Management and Stead view Capital, among others.
WhiteHat Jr, founded in 2018 by Karan Bajaj, the
former chief executive of Discovery Networks India, operates in the K-12
segment, teaching students to code, and helping them build commercial-ready
games, animations and apps using the fundamentals of coding.
Technology
News
-29 JUNE 2020
space perspective a Florida start -up plans to use the pacific spaceport complex in Kodiak Alaska as the launching ground for trips in its launching ground for trips in its spaceship Neptune balloon craft.
the first unscrewed test flight is scheduled for early 2021 and will include a suite of research payloads.
the firm claims it is a way of reaching near -space with "near-zero emissions' and could eventually be deployed for routine operation around the world.
-30 JUNE 2020
the us government-imposed restriction on the Chinese tech giant that prevented it from using silicon made by American firms.
the decision led the UK's national cyber security center (NCSC) to carry out a review assessing the possible impact it could have on the UK's networks.
digital secretary Oliver Dowden told MPs the New review is needed to determine the reliability and viability of Huawei's future within the UK infrastructure in the face of such restrictions.
3.E-waste quantities booming while recycling rates decline
-1 JULY 2020
With year new - release cycles for electronic products commonplace 'consumers are encouraged to regularly upgrade their devices. Yet recycling rates are poor even though many electronics contain rates are poor, ever though many electronics contain rare earth metals and other materials which are limited in supply and in high demand.
A lot of the waste generated is disposed of the environment and human health.
4.UK buys stake in bankrupt satellite company One Web
-2 JULY 2020
purchased in consortium with India’s Bharati global the company was originally trying to provide satellite internet worldwide with a constellation of up to 648 satellites. however, the firm only managed to launch 74 of its low - earth orbit satellites before going bust in march as it failed to secure funding to continue the project.
ministers hope the purchase could revitalize the purchase could revitalize the UK's space sector which was dealt major blow in 2018 when it was forced to leave the EU'S Galileo satellite navigation project .
5.Teen inventor creates wearable device to prevent COVID -19 spread
-3 JULY 2020
max Melia started working on the concept for the device two years ago concerned with preventing the spread of the common cold and flu the device called 'VetPro" is a wrist band which vibrates to warn wearers every time they are about to touch their face .
The device can be worn on both wrists and combines "position -sending technology with algorithms which distinguish between the motions of face touching and other less risky hand motions .
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