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INTERNATIONAL AFFAIRS - June 2018

Jun 2018

Aug 04, 2018

Zimbabwe's First Post-Mugabe Election

Zimbabwe President Emmerson Mnangagwa, a former ally of Robert Mugabe, narrowly won the country's landmark election in an outcome set to fuel fraud allegations as security forces patrolled the streets to prevent protests.
Mr. Mnangagwa won 50.8% of the vote, ahead of Nelson Chamisa of the Opposition MDC party with 44.3%.

Japan Dethrones China

China just lost its ranking as the world's number two stock market.
Chinese equities were worth $6.09 trillion, according to data compiled by Bloomberg. That compares with $6.17 trillion in Japan. The US has the world's largest stock market at just over $31 trillion.
As per Banny Lam, head of research at CEB International Investment Corp. losing the ranking to Japan is the damage caused by the trade war.

Aug 03, 2018

First US Company to hit $1 Trillion

Apple Inc became the first $1 trillion publicly listed U.S. company.
The tech company's stock jumped 2.8 per cent to as high as $207.05, bringing its gain to about 9 per cent when it reported June-quarter results above.

Defence Bill to Amend Law to Give Waivers Passed

The US Congress has passed a defence spending bill that seeks to amend an existing law to provide waivers to America's strategic partners like India from punitive sanctions against those doing business with Russia's defence industry.

Aug 02, 2018

Iran Rejects Offer for Talks

Iran waved away U.S. President Donald Trump's claims that talks with the country's leaders were imminent, saying "threats, sanctions and PR stunts won't work".

Amnesty Scheme for Overstayers

The UAE launched a landmark three-month visa amnesty programme that will benefit hundreds of illegal foreign workers, including Indians, who are overstaying their permits. The programme allows the workers to leave the country without paying penalty and also gives them six months to find a job.
This is the third such amnesty announced by the UAE government in just over a decade.

Aug 01, 2018

US Warns IMF Against Fresh Aid for Pakistan

The US cautioned the International Monetary Fund (IMF) against a possible fresh bailout for Pakistan's new government to pay off Chinese lenders who have invested in the strategic China-Pakistan Economic Corridor (CPEC). The IMF has said that so far it has not received any such request from Pakistan.

Jul 31, 2018

Zimbabwe's First Post-Mugabe Election

Zimbabweans cast their ballots in the country's first election since authoritarian leader Robert Mugabe was ousted last year, with concerns over fraud and the likelihood of a disputed result clouding voting day.
President Emmerson Mnangagwa, Mugabe's former ally in the ruling ZANU-PF party, faces opposition leader Nelson Chamisa of the MDC (Movement for Democratic Change) in a historic vote for the southern African nation.

Cambodian PM's Party Claims all Seats

Prime Minister Hun Sen's ruling Cambodian People's Party (CPP) won all 125 parliamentary seats up for grabs in a general election.
Cambodia woke to another chapter of rule by strongman Hun Sen on Monday, a day after an election that was heavily criticised by rights groups, the United States and other Western countries.

US Military Testing StormBreaker Bomb

Unites States of America will soon get the 250 pound (113 kilogramme) StormBreaker bomb, which has the ability to hit moving targets in all-weather conditions several kilometres away. The StormBreaker bomb, previously known as the Small Diameter Bomb II, or SDB II bomb, has been developed by Raytheon and tested on the US Air Force F-15E Strike Eagle.
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