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China Eastern Airlines plane carrying 132 passengers crashes Updates

Our CorrespondentMarch 22, 20220

No one was found alive as searches continued on Tuesday for the scattered debris of China's Eastern plane carrying 132 people, which crashed a day earlier in a wooded mountainous area in China's worst air disaster in a decade Was. The wreckage of the plane was found at the scene, but so far no person onboard has been found. A China Eastern Airlines Boeing 737-800 crashed near the city of Wuzhou in the Guangxi region while flying from Kunming in the southwestern province of Yunnan to the industrial center of Guangzhou along the east coast. China's Civil Aviation Administration said 123 passengers and nine crew members were onboard the plane. It was about an hour into the flight and was close to the point at which it would begin to land in Guangzhou when it would be standing downs...

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Ukraine Gets Electricity Grid From European Countries; Know Its Impact Over Ongoing Tensions

Pooja YadavMarch 21, 20220

Ukraine has been linked to an electricity grid of continental Europe. This can reduce Ukraine’s dependence on Russia. According to an announcement by the ECU Network of gear Operators (ENTSO-E), the electricity grids of Ukraine and Moldova were successfully synchronized with the Continental European grid on an endeavour basis. Preparation for grid synchronization was happening since 2014 when Russia annexed Crimea. But because of the 2022 Russian invasion, Ukraine put an emergency request to hurry up the method, so immediately trials were started. Now, energy suppliers within the European continental grid, which stretches from Portugal to Poland, can supply electricity to Ukraine during an emergency. this may help in maintaining the soundness of the ability systems of Ukra...

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International

War in Ukraine crushed Sri Lanka’s economy

Our CorrespondentMarch 21, 20220

Russia's war in Ukraine has shocked the world and badly affected the global economy. Sri Lanka is currently facing its worst economic crisis since the country gained independence in 1948. Sri Lanka, hit by rising oil import costs and declining tourism revenues, is racing to avert a default amid dwindling foreign exchange holdings. Inflation is already the worst in Asia at 15%, with the conflict only making it harder for the tropical island off the southern tip of India. Fuel shortages and blackouts lasting up to seven hours have become a daily routine, while waits become longer at gas stations where prices have risen nearly 50% this month.   Officials are struggling to cope with the crisis. They have raised interest rates, devalued the local currency, and curbed...

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EU To Impose World’s First Carbon Dioxide Emmision Tarrifs; Read On To Know More

Pooja YadavMarch 21, 20220

The European Union (EU) countries decided to impose the world’s first CO2 emissions tariff on imports of polluting goods. Starting from 2020, the EU had introduced greenhouse gas emissions costs on imports of steel, cement, fertilizers, aluminium and electricity. The finer details of the plan aren't yet finalized, which can be figured out in future negotiations. The aim of imposing this tariff is to shield the EU industry because the European market is flooded by cheaper goods made in countries with weak environmental rules. According to the EU, this carbon border tariff is a trial to make a grade playing field by imposing the identical carbonic acid gas costs on EU companies and people abroad. EU held that this move will avoid any carbon leakage and can also encourage part...

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InternationalLatest NewsNews

IMF To Start Talks With Sri Lanka

Our CorrespondentMarch 21, 20220

The IMF intends to begin discussions with Sri Lanka on a program to support the country. Spokesman Gerry Rice said the island was facing heavy currency depreciation and inflation after an unusual battle of printing money to keep interest rates low.   President Gotabaya Rajapaksa said in a national address on Wednesday that he has permitted the IMF program to go ahead after meeting senior staff of the lender in Colombo. Officials have also indicated that they are actively considering an IMF-backed program," said IMF spokesman Gerry Rice.   During the Finance Minister's visit to Washington in April, we will discuss with officials how best we can help Sri Lanka move forward. The IMF has already called for tighter monetary policy to prevent liquidity injections ...

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Second Wave Of Omicron Gushes In Europe: Is Coronavirus Rebooting?

Sonia SolankiMarch 19, 20220

The COVID-19 pandemic seems to be rebooting again itself with cases showing a surge in numbers in Europe especially. Though in the last few weeks, the pandemic showed a decline across the globe. But recently, the cases are increasing again in the region of East and Southeast Asia as well as Western Europe. Although talking about Asia, India is showing a constant decline in covid cases. Not only this, India's case number is as low as it was nearly two years back. Indeed a great news for India, as according to the government data, the average daily cases in India decreases by 98.9% in Seven weeks time span. This time span ranges from 19-25 January to 9-15 March. Global trends Of Omicron Surge : As per worldometers.info data, in the last one week, the rate of covid infection increase...

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ArticleFinanceInternational

Ukraine Signs Legal Framework For Cryptocurrency After Receiving Millions Of Digital Donations

Snehashish RoyMarch 18, 20220

Ukraine has passed a law to legalise cryptocurrency in the country amid their high-tension confrontation with the Russian army against the invasion of their country. The bill to create a legal framework for the cryptocurrency industry in Ukraine was adopted last month in their parliament. President Volodymyr Zelenskyy signed it into law on March 16. This law will enable Ukrainian and foreign cryptocurrencies to exchange legally and allow crypto companies to open their bank accounts, according to Ukraine's digital transformation ministry. It determines the ownership, classification and legal status of virtual assets. “From now on, foreign and Ukrainian cryptocurrencies exchanges will operate legally and banks will open accounts for crypto companies. It is an important step towards...

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Australia’s La Trobe University Develops Tool To Detect Autism In Early Stage

Pooja YadavMarch 16, 20220

Australia’s La Trobe University has developed an early screening tool that will detect autism in children aged between 12 and 24 months. The new tool by many experts refers as Social Attention and Communication Surveillance (SACS). It's two elements -- SACS-Revised and SACS-Preschool. The SACS tool is translated into eight languages and is currently utilized in the subsequent 11 countries: Bangladesh, China, Italy, Japan, Nepal, New Zealand, Poland, Singapore, Asian countries, Spain, and the UK. Researchers who belong to Australia’s La Trobe University conducted a five-year study on around 13,500 children. Of the younger population aged between 12 and 24 months “flagged by the screening tool,” 83% were later diagnosed with autism. This study is excessively published by the medic...

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IndiaInternationalLatest News

China Preparing For ‘Psychological War’ Against India? Missiles Getting Prepared At Center In Bangladesh

Gunjan ChaudharyMarch 14, 20220

By making Bangladesh a pawn for its move against India, China is now engaged in creating psychological pressure against India. It is engaged in setting up a maintenance center for its surface-to-air missiles in India's neighboring country Bangladesh. This maintenance center will facilitate the maintenance of the missiles that China gave to Bangladesh in the year 2011. However, the matter of setting up a maintenance center in Bangladesh has been kept confidential by China. However, a report has claimed that the work of setting up the center is going on with super fast speed. It is said that a senior Bangladeshi diplomat has also confirmed the news of setting up the center in a conversation with one of the news channels. Security balance likely to deteriorate in Asia The Bangladeshi...

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“IAEA Establishes Talks Between Russia And Ukraine: Read On To Know More…”

Pooja YadavMarch 14, 20220

International Atomic Energy Agency (IAEA) Director-General has said that IAEA has succeeded in establishing a high-level direct dialogue on nuclear security between Russia and Ukraine. Establishing direct dialogue IAEA Director-General held meetings with the foreign ministers of Russia and Ukraine in Turkey. Delegations from both countries also participated. At the meeting, both countries agreed to determine high-level direct dialogue and still engage with IAEA. Status of nuclear reactors in Ukraine According to IAEA, eight of Ukraine’s 15 nuclear reactors are still operating despite the continuing armed conflict. Some of the reactors are been under the control of Russia. On 9th March IAEA was informed by Ukraine that the defunct Chernobyl atomic energy plant is disconnected

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IndiaInternationalLatest News

India Trying To Get Benefits From Russia-Ukraine War? Read To Know More

Gunjan ChaudharyMarch 14, 20220

The fierce war between Russia and Ukraine is going on for past 18 days. While, on the one hand, Russian attacks have devastated various cities in Ukraine, on the other hand, the condition of Russia is also getting battered by sanctions applied on it from other countries including America. Meanwhile, now there is relief news for Russia from India. In fact, a report quoted sources as saying that India is now considering buying subsidized Russian oil and other items amid the on going war that will benefit both Russia and India. Russia's barrage of sanctions According to the report came to the fore, there is a possibility that India can consider the proposal given by Russia for buying oil. Under this, crude oil along with other commodities can be purchased at concessional rates by India from

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InternationalNews

Russia Puts Restrictions On The Import And Export; See The Impact

Pooja YadavMarch 14, 20220

Recently Russia decided and imposed a ban on certain goods and equipment. The experts says this is in retaliation to the sanctions imposed by western nations on Russia for its invasion of Ukraine. About the export ban A temporary export ban is imposed on 200 goods and equipment, which is effective until the tip of 2022. The ban is imposed on certain items previously imported into Russia and that they include medical equipment, agricultural machinery, electric equipment, turbines, video displays, projectors, switchboards, railway cars, etc. According to Russia, this export ban is required to keep up stability in its markets. The export of those goods from Russia is prohibited to any or all countries, except members of the Eurasian Economic Union (EAEU) (a bloc of Russia’s regional a

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