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INTERNATIONAL AFFAIRS - June 2018

Jun 2018

Oct 08, 2018

Bill to Check Terror Funding

Iran's Parliament approved a Bill to counter terrorist financing that was strongly opposed by conservatives but seen as vital to salvaging the nuclear deal with European and Asian partners.
The Bill aims to bring Iran's laws in line with international standards and allow it to join the UN Terrorism Financing Convention.

Obiageli Ezekwesilito to Run for President

Former Nigerian minister Obiageli Ezekwesili, co-founder of a group to raise awareness about more than 200 girls kidnapped by Boko Haram in 2014, announced that she will run for President next year.
She is former vice president for Africa at the World Bank and also served in Nigeria's government between 2000 and 2007.

Kavanaugh Sworn in as SC Judge

Brett Kavanaugh was sworn in as a judge of the US Supreme Court, after he was confirmed by a bitterly divided Senate by 50-48 votes.
Kavanaugh was officially sworn in as the 114th Justice of the Supreme Court of the United States by Chief Justice John Roberts who administered the Constitutional Oath.

Oct 07, 2018

Unilever Reverses Plan

Unilever, the consumer products giant, has given up on plans to close its London headquarters, bowing to shareholder criticism of a move to simplify its corporate structure.
The company had announced in March that it would make Rotterdam, the Netherlands, its sole headquarters. The move would have marked an end to Unilever's life as a conglomerate with two corporate homes that was rooted in its formation through the merger of a British soap maker and a Dutch margarine producer nearly a century ago.

Oct 06, 2018

South Korea Ex-Prez Jailed for Corruption

Former South Korean President Lee Myung-Bak was jailed for 15 years for corruption, becoming the latest of the country's former leaders to be sent to prison. The CEO turned President, who served from 2008 to 2013 was found guilty on charges of bribery and embezzlement and ordered to pay a fine of 13 billion won by the Seoul Central District Court.

PML-N Chief Arrested for Involvement in Corruption

Pakistan's Opposition leader and PML-N chief Shahbaz Sharif was arrested by the country's anti-graft body for his alleged involvement in two corruption cases. Shahbaz is the younger brother of ousted PM Nawaz Sharif. He was allegedly involved in the corruption of Rs. 14 billion Ashiana Housing Project and Rs. 4 billion Punjab Saaf Paani Company Scams.

Oct 05, 2018

Saudi Arabia to Invest in Gwadar

As per reports, Saudi Arabia will invest in a new oil refinery in Pakistan's growing deep-sea port of Gwadar.
Gwadar is part of Pakistan's mineral rich southwestern Balochistan province.

US Withdraws From International Accords

The Trump administration pulled out of two international agreements after Iran and the Palestinians complained to the International Court of Justice about U.S. policies, the latest withdrawal by Washington from multilateral accords.
U.S. National Security Advisor John Bolton announced that the U.S. will withdraw from the Vienna protocol and the 1955 "Treaty of Amity" with Iran.

Oct 04, 2018

Lithuania Bans Phone Use in Streets

Lithuania's phone-addicted pedestrians will have to do without mobile devices when they cross streets under a new regulation approved as the Baltic country seeks to curb traffic deaths. Starting next month, crossing the street while talking on or checking a phone could cost Lithuanians a fine of up to 40 euros ($46).
Honolulu introduced a similar law last year, though the state capital of Hawaii only banned viewing a mobile device during crossings, not talking on the phone.

Trump Told to Ease Iran Sanctions

In a stunning setback for U.S. President Donald Trump, the UN's top court has ordered the U.S. to lift sanctions on humanitarian goods for Iran.
The International Court of Justice (ICJ) in The Hague handed Iran a major victory.
The ICJ judges ruled that the sanctions on some goods breached a 1955 "Treaty of Amity" between Iran and the U.S. that predates Iran's Islamic Revolution.

PepsiCo's New CEO

Ramon Laguarta assumed the role of chief executive officer of global beverage giant PepsiCo. He succeeded India-born Indra Nooyi.
Nooyi stepped down after 24 years with the company, the last 12 as CEO. She will remain chairman until early 2019 to ensure a smooth and seamless transition.
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