✈INTERNATIONAL NEWS
US Federal Reserve interest rates hit 20-yr high in battle against inflation surge. Its benchmark lending rate by a quarter percentage point to a range between 5.25% and 5.5%. This marks the highest level since 2001, as the central bank grapples with soaring inflation. The Federal Open Market Committee (FOMC) emphasized that it will continue to evaluate economic data before deciding on further monetary policy actions.
1. The British government has opened its second ballot under the UK-India Young Professional Scheme. This is a scheme for Indians aged between 18 and 30 years with graduate-level qualifications for visas to the United Kingdom.
2. PM Modi inaugurates International Convention Centre-Bharat Mandapam in New Delhi; Says, it is a gift for country as it celebrates 75 years of Independence. The Prime Minister also said the entire world is now accepting that India is the mother of democracy.
3. Embassy of India in The Hague, the Netherlands has expressed sadness at the incident involving Ship ‘Fremantle Highway’ in North Sea, which resulted in the death of an Indian seafarer and injuries to the crew.
4. The Global ESG Conclave 2.0, organised by Associated Chambers of Commerce and Industry of India was held in Dubai; the conclave put spotlight on essential topics related to Environmental, Social, and Governance (ESG) practices in business.
5. Former British Prime Minister Tony Blair met Odisha Chief Minister Naveen Patnaik today at the latter’s residence in Bhubaneswar. The two leaders discussed for about an hour.
🌎WORLD NEWS🌍
1. The Speaker of Thailand’s Parliament has announced that the next round of voting to choose the nation’s new Prime Minister has been postponed.
2. Cambodia’s Prime Minister Hun Sen, one of the world’s longest-serving leaders, has announced he will resign and hand over to his son in early August.
3. China removes Qin Gang after unexplained absence, appoints Wang Yi as new Foreign Minister.
4. Pakistan’s score on Global Hunger Index (GHI) has dropped from 38.1 in 2006 to 26.1 in 2022, revealing the extent of the crisis that gripped the country and its people.
5. The US first lady Jill Biden attended a flag-raising ceremony at UNESCO in Paris. With this, Washington has officially re-entered the UN agency after a controversial five-year hiatus.
6. Two people lost their lives after a plane fighting the wildfires crashed on the island of Evia near Athens, Greece. The accident occurred in the town of Karystos on the island where a fire has been burning for several days.
7. Pakistan’s Election Commission has deferred till the 2nd of August the indictment of former Prime Minister Imran Khan in a case linked to contempt of the top electoral body and its head.
8. UAE Minister for Foreign Trade Dr Thani Al Zeyoudi elected as chair of WTO’s 13th Ministerial Conference.
9. *SPACE X, led by Elon Musk, is gearing up to launch the world’s largest private satellite, named JUPITER-3, on Thursday.* This remarkable satellite will be lifted into space by SpaceX’s Falcon Heavy rocket from Launch Complex 39A in Florida, marking the seventh launch for the powerful triple-booster rocket.
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