✈INTERNATIONAL NEWS
The Cabinet Committee on Economic Affairs has approved an additional investment of about twelve thousand crore rupees by Bharat Petro Resources Limited (BPRL) for the development of BM-SEAL-11 Concession Project in Brazil.
BPRL is a wholly owned subsidiary of Bharat Petroleum Corporation Limited. The start of production from BM-SEAL-11 project is expected from 2026-27.
🌎WORLD NEWS🌍
1. Lufthansa cancels almost all flights in Germany due to scheduled ground staff strike. Over 1,000 flights are being scrapped with an estimated 1,34,000 passengers affected. The trade unions claimed that the approximately 20,000 employees that make up Lufthansa’s ground staff to strike in an effort to place pressure on management in ongoing salary negotiations.
2. Rishi Sunak, one of the leading contenders of the Tory leadership race, vowed to scrap tax on energy bills on a temporary basis. “The plan would save the average household 160 pounds,” Sunak said.
3. Russia has decided to quit the International Space Station after 2024. Moscow’s space agency Roscosmos ‘ newly-appointed chief Yury Borisov announced.
4. The Group of Seven (G7) economies, the US, Canada, Japan, Germany, France, Italy and Britain, aim to have a price-capping mechanism on Russian oil exports by 5 Dec. This would curb Moscow’s revenue and prevent it from financing the war on Ukraine.
5. Philippines scrapped an agreement to buy 16 Russian military helicopters in fear of possible US sanctions, former Defense Secretary Delfin Lorenzana said.
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Ch Narmada Naveen Kumar |
