Hungary's parliament approved a bill to allow Finland to join NATO once its application has been ratified by all 30 members of the alliance, ending months of foot-dragging by the ruling Fidesz party on the matter.
Finland and Sweden had asked to join the trans-Atlantic military alliance last year (2022) in response to Russia's invasion of Ukraine. But the process was held up by Turkey and Hungary.
Although Finland's bid was approved, the Swedish bill is still stranded in the Hungarian parliament.
Saudi National Bank Chair Resigns after Credit Suisse Buyout
The chairman of Saudi National Bank, which was the main shareholder of Credit Suisse before its buyout, resigned.
The Saudi bank's board of directors accepted the resignation of Ammar AlKhudairy due to personal reasons.
Saeed Mohammed Al Ghamdi, who had been serving as CEO, will replace AlKhudairy as chair.
Talal Ahmed Al Khereiji was appointed acting CEO.
Humza Yousaf Wins Contest to Become Scotland's New Leader
Humza Yousaf, a South Asian-origin politician, was picked to replace Nicola Sturgeon as head of the Scottish National Party (SNP). Yousaf netted 52 per cent of the final votes of SNP members.
Yousaf defeated rivals Kate Forbes and Ash Regan in a leadership contest that exposed deep divisions within the party.
Yousaf is the first Muslim to lead a major UK party.
He is set to be confirmed as the first ethnic minority leader of a devolved government.
Mar 27, 2023
Former Brazilian President Dilma Rousseff Elected as New President of NDB
Former Brazilian President Dilma Rousseff was unanimously elected as the head of New Development Bank (NDB), a multilateral financial institution set up by the five BRICS (Brazil, Russia, India, China, South Africa) countries, replacing Marcus Troyjo, who is also from Brazil.
The economist, Dilma Rousseff, served as the President of Federative Republic of Brazil between January 2011 to August 2016. Rousseff was elected the President of Brazil for two consecutive terms.
Honduras Establishes Diplomatic Ties with China in Blow to Taiwan
China and Honduras began formal diplomatic relations, with Taiwan accusing Beijing of coercion and intimidation to lure away its few remaining allies.
China's announcement of the move came shortly after Tegucigalpa said that it had officially severed ties with Taipei.
The two Governments decided to recognise each other and establish diplomatic relations at the ambassadorial level, effective immediately.
The switch cuts to 13 the number of countries that still diplomatically recognise Taiwan, which has lost several Latin American allies in recent years.
Peace Treaty between Armenia and Azerbaijan Based on Joint Official Statements
Armenian Prime Minister Nikol Pashinyan announced that there will be a peace treaty between Armenia and Azerbaijan based on joint official statements adopted at the highest level. Armenia and Azerbaijan, both ex-Soviet states, have been engaged in two wars since their independence.
UAE Food Bank Launches Initiative to Eradicate Food Waste
The UAE Food Bank, in collaboration with various partners, launched an initiative to distribute three million meals and food parcels to disadvantaged individuals and families during Ramadan. The campaign was initiated on the directives of Sheikha Hind bint Maktoum bin Juma Al Maktoum, wife of Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and Chairperson of the Board of Trustees of UAE Food Bank.
In addition to distributing meals, the UAE Food Bank aims to raise public awareness regarding the crucial goal of achieving zero food waste. The organisation has partnered with Ne'ma -the national initiative to reduce food loss and wastage, to enhance community awareness, education, and empowerment in making better decisions regarding food consumption. The project also aims to promote sustainable practices that demonstrate social responsibility and optimum food management while reducing food loss.
Mar 26, 2023
Philip Green Named as Australia's Next High Commissioner in India
Philip Green, currently serving as Australia's ambassador in Berlin, was named as the next High Commissioner to India. The diplomat is posted in Germany since 2020.
Green was posted to Germany after missing out on his first preference, New Delhi, which was instead given to former New South Wales premier Barry O'Farrell.
Barry O'Farrell will remain as the ambassador till June to facilitate the smooth sailing of the Quad summit scheduled for the last week of May.
Before Berlin, Philip Green served as head of the Australian mission in Johannesburg, Nairobi and Singapore.
Mar 25, 2023
Egypt Becomes BRICS Bank as New Member
After President Abdel-Fattah El-Sisi visited India as a chief guest for the Republic Day celebrations, Egypt become a member of the BRICS New Development Bank (NDB).
The African-Arab nation intends to enhance its infrastructure, and NDB funding can make a significant contribution toward achieving this goal.
Following President El-Sisi's visit to India for the Republic Day celebrations, the Egyptian Parliament approved the agreement that permitted Egypt to join the NDB. The lawmakers welcomed the move, recognizing it as a means of reducing the need for US dollars.
NDB is a multilateral development bank jointly founded by the BRICS countries (Brazil, Russia, India, China and South Africa) at the 6th BRICS Summit in Fortaleza, Brazil in 2014.
It was formed to support infrastructure and sustainable development efforts in BRICS and other underserved, emerging economies for faster development through innovation and cutting-edge technology.
It is headquartered at Shanghai, China.
In 2018, the NDB received observer status in the United Nations General Assembly, establishing a firm basis for active and fruitful cooperation with the UN.
Scottish First Minister Nicola Sturgeon Exits
Scottish First Minister Nicola Sturgeon addressed lawmakers for the last time as Scottish leader, expressing pride in her government's achievements to lessen poverty and inequality – but frustrated in her quest to make Scotland an independent country.
Sturgeon had announced her resignation in February 20233 after more than eight years as First Minister in Scotland's semi-autonomous government and leader of the governing Scottish National Party.
Sturgeon's resignation unleashed a battle for the direction of the SNP, which currently holds 64 of the 129 seats in the Scottish parliament and governs in coalition with the much smaller Greens.
Mar 24, 2023
Israeli Parl Passes Law to 'Protect' PM Netanyahu
Prime Minister Benjamin Netanyahu's coalition approved legislation that would protect the Israeli leader from being deemed unfit to rule over his corruption trial and claims of a conflict of interest surrounding his involvement in the legal changes.
The law to protect the PM passed 61-47 in Israel's 120-seat Knesset, or Parliament. It stipulates that a PM can only be deemed unfit to rule for health or mental reasons and that only he or his government can make that decision.
It came after the country's attorney general has faced growing calls by Netanyahu opponents to declare him unfit to rule.
India Stands Third in World in Terms of Fish Production
India stands third in the world in terms of fish production, said the union minister of fisheries, animal husbandry and dairying, Parshottam Rupala in a written reply in Lok Sabha.
Rupala said that the government is working on the development of fisheries to attract farmers towards fisheries along with agriculture to increase their income through its various schemes.
He also mentioned about the centrally sponsored schemes such as Pradhan Mantri Matsya Sampada Yojana (PMMSY) with effect from the financial year 2020-21 to 2024-25 in all states and union territories.
Fisheries and Aquaculture Infrastructure Development Fund (FIDF) with a total fund size of Rs. 7522.48 crore implemented for a period of 5 years from 2018-19 to 2023-24 for providing concessional finance.
Under PMMSY, during 2020-21 & 2021-22 and the current financial year 2022-23, the department has accorded approval to the fisheries developmental proposal of States/UTs amounting to Rs. 11010.00 crore with a central share of Rs. 3,864.99 crore.