Hungary Elects Katalin Novak as President, First ever Woman President
The Hungarian parliament elected Katalin Novak, a close ally of Prime Minister Viktor Orban, as the EU member's first ever woman president.
Novak, who most recently served as a minister for family policy, portrayed her election as a victory for women.
Zelensky Open for Talks with Putin in Israel
Ukraine's President Volodymyr Zelenskyy said that he is open for talks with Russian President Vladimir Putin in Israel, but only if there is a cease-fire in place.
Bennett visited Moscow for a meeting with Putin and spoke repeatedly with Zelenskyy and the leaders of France and Germany as he sought to help mediate an end to the war.
Putin has ignored numerous previous offers of talks from Zelenskyy.
Biden Names Indian-origin Activist Shefali Razdan as Envoy to Netherlands
US President Joe Biden announced his intent to nominate Indian-origin political activist Shefali Razdan Duggal as his envoy to the Netherlands.
An immigrant to the US from Kashmir, Duggal has been raised in Cincinnati, Chicago, New York and Boston.
Duggal is an experienced political activist, women's rights advocate and human rights campaigner.
She is a former Presidential Appointee to the United States Holocaust Memorial Museum Council and continues to serve as a Western Regional Advisor.
Gabriel Boric, the Youngest Elected President of Chile
Gabriel Boric Font who was sworn in as the new President of Chile, became the youngest President of Chile so far.
Boric is a left-leaning former student leader who says that he is determined to improve the lives of all Chileans and attack deep that inequality that has sparked massive protests.
New President Boric was also one of the key politicians to negotiate the agreement that paved the way for a referendum to change the Constitution.
Gabriel Boric, who won 56% of the vote in a December runoff against conservative José Antonio Kast, took over the office of President at a time when large-scale immigration from Venezuela and other countries have caused unrest in northern Chile.
Mar 13, 2022
Russia is Now World's most Sanctioned Country 2022
Russia has become the most sanctioned country in the world, due to its invasion on Ukraine, according to a New York-based sanctions watchlist site Castellum.AI. Russia faced 2,778 new sanctions since February 22, 2022, led by the US and European nations, bringing the total sanctions to 5,530. The country already had 2,754 sanctions in place before February 22.
Countries across the world are putting sanctions on Russia to stop its invasion of Ukraine. Russia has now surpassed countries like Iran and North Korea in terms of a number of sanctions. Before this, Iran was the most sanctioned country, facing 3,616 sanctions against it over the last decade, while Syria and North Korea have 2,608 and 2,077 sanctions, respectively.
Chinese Premier Li Keqiang Says He will Retire this Year
Chinese Premier Li Keqiang said that he will retire later this year after serving two five-year terms.
Li along with other members of the government were set to retire after this year's once-in-year-five-year CPC Congress which will usher in a new leadership at all levels.
Since taking over from his predecessor Wen Jiabao in 2013, Li has been more withdrawn and played a more supportive role to Xi and focusing on the economy, the world's second largest.
Biden Announces Major Non-NATO Ally Status for Colombia
President Joe Biden announced that he intends to designate Colombia as a major non-NATO ally, a step that will provide the Latin American nation with certain benefits in the areas of defense, trade and security cooperation.
Biden made the announcement during a White House meeting with outgoing Colombian President Ivan Duque.
Major non-NATO ally is a designation under US law that provides foreign partners with certain benefits in the areas of defense, trade and security cooperation, according to the State Department, and is a symbol of the close ties the US shares with such countries.
Mar 12, 2022
Germany Hosts G7 Meeting over Food Security
Germany hosted a virtual meeting of Agricultural Ministers from G7 countries and discussed the impact of Russia's invasion of Ukraine on global food security and how to best stabilize food markets.
The provision of foodstuffs in Germany and the European Union is safe but greater shortages can be expected in some countries outside the EU - especially where scarcity already reigns today due to issues like drought.
Germany holds the rotating presidency of the Group of Seven most advanced economies for the year 2022.
Dubai Virtual Assets Regulation Law
Dubai introduced crypto asset regulation, joining the ranks of Singapore, the United States, the United Kingdom, El Salvador, and other countries that have enacted cryptocurrency laws. The Virtual Asset Regulation Law was passed by Dubai to regulate this new-age industry, which has been rapidly expanding.
An independent regulator was also formed to regulate the cryptocurrency sector.
The Dubai Virtual Assets Regulatory Authority (VARA), a regulatory body, would oversee the development of the virtual asset business environment in terms of licensing, regulation, and governance.
The Dubai Virtual Asset Regulation Law aims to establish Dubai and the United Arab Emirates as regional and global virtual asset industry destinations.
The new law will require residents of Dubai to register with VARA before engaging in the crypto-related activity. Businesses that deal with virtual assets would also need to register.
Mar 11, 2022
Vladimir Putin Approves Bringing 'Volunteers' from Middle East to Fight Ukraine
Russian President Vladimir Putin gave the green light to bring in thousands of fighters from the Middle East to fight against Ukraine.
As per Russia's Security Council, Defence Minister Sergei Shoigu, there were 16,000 volunteers in the Middle East who were ready to come to fight with Russian-backed forces in the breakaway Donbass region of eastern Ukraine.
Mar 10, 2022
South Korean Conservative Declares Win in Presidential Race
South Korea chose a conservative opposition candidate, Yoon Suk-yeol, as the country's next President following a tightly-contested race.
Mr. Yoon, a political novice, edged out a victory over the Democratic Party's Lee Jae-myung based on promises to tackle class inequality.
He called his win a "victory of the great South Korean people".
But the result was one of the closest in history - with the final count separated by less than 1%.
Both presidential candidates were viewed as widely unpopular throughout the campaign.