International Current Affairs

Nexo and Mastercard tie up to launch ‘world first’ crypto-backed payment card

Crypto lender Nexo said it has teamed up with global payments company Mastercard to launch on Wednesday what it calls the world’s first “crypto-backed” payment card. The card allows users to spend without having to sell their digital assets such as bitcoin. These will be used as collateral to back the credit granted. Initially the […]

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Russian vessel Moskva has sunk as a result of a ‘Neptune missile strike’ by Ukraine

According to a ministry message, the flagship of Russia’s Black Sea Fleet, Moskva, was being hauled to port when it sank due to stormy waves. The 510-crew missile cruiser, which led Russia’s naval attack on Ukraine, was a symbol of the country’s military might. Kyiv claims that its rockets struck the cruiser. According to the United States, it was also targeted by Ukrainian missiles.

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World Bank cuts global economy growth forecast to 3.2% for 2022

The Washington-based institution has lowered its estimate for global growth in 2022 to 3.2% from a January prediction of 4.1%, President David Malpass told reporters on a call on Monday. The decline was spurred by a cut in the outlook for Europe and central Asia, which include Russia and Ukraine, he said. The global forecast

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Abdrabbuh Mansur Hadi steps down as President of Yemen

Yemeni President Abdrabbuh Mansur Hadi stepped down under pressure from Saudi Arabia and is now under de-facto house arrest, The Wall Street Journal reports. Hadi has also handed over his power to the newly created presidential council, which consists of eight political leaders led by Rashad al-Alimi. He had served as the president of Yemen from 2012

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Israel successfully tests new laser-based air defence system ‘Iron Beam’

Israel successfully tested a new laser missile-defence system ‘Iron Beam‘ which can destroy any airborne object including drones. The Israeli-made laser system, known as the “Iron Beam,” is designed to complement a series of aerial defense systems, including the more costly rocket-intercepting Iron Dome. Iron Beam is the world’s first energy-based weapons system that uses a

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20th India-France Joint Staff talks concludes in Paris

The 20th edition of the India-France Joint Staff talks focused on new initiatives within the framework of the existing bilateral defence cooperation mechanism, as well as improving current defence engagements. The meeting was co-chaired by Assistant Chief of Integrated Staff and Air Vice Marshal B Manikantan and Head of Bilateral Cooperation South/Staff HQ Brigadier General Eric Peltier. The India-France Joint Staff

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Ecuador becomes world’s first country to give legal rights to wild animals

Ecuador, a South American Country, became the first country in the world to give legal rights to wild animals. The highest court in the country has ruled in favour of the case that focused on a woolly monkey named “Estrellita” who was taken from her home to a zoo, where she passed just a week later. The ruling comes soon

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WTO cuts global trade growth forecast to 3% in 2022

The World Trade Organization (WTO) on Tuesday lowered its 2022 global trade forecast to 3 per cent, from 4.7 per cent, due to the ongoing conflict between Russia and Ukraine and a potentially more transmissible Omicron subtype fettering China. The forecast for 2023 is 3.4 per cent. The downward revision follows the Russia-Ukraine conflict that has impacted

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Babar Azam of Pakistan and Rachael Haynes of Australia named ICC Players of the Month for March 2022

The International Cricket Council (ICC) announced that Pakistan skipper Babar Azam and Australia’s run-machine Rachael Haynes were named the ICC Men’s and Women’s Players of the Month for March 2022 on April 11, 2022. Pakistan captain Babar Azam has been named as the ICC Men’s Player of the Month for March 2022. Australia opener Rachael

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ACI publishes list of top 10 busiest airports in the world for 2021

Airports Council International (ACI) World has published the top 10 busiest airports worldwide for 2021 showing encouraging signs of traffic recovery as many previous busiest airports rejoin the top rank. Hartsfield-Jackson Atlanta International Airport (ATL) has topped the list with 75.7 million passengers. Dallas/Fort Worth International Airport (DFW) 62.5 million passengers) is second, followed by

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