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INTERNATIONAL AFFAIRS - August 2018

Aug 2018

Jan 18, 2025

In a First, 7 Indian Space Start-ups Picked for Indo-US Defence Programme

  • Seven Indian privately-held start-ups were chosen for a first-of-its-kind India-U.S. space and defence collaboration programme, potentially unlocking a lucrative and strategic market for Indian firms.
  • The companies include space imaging company KaleidEO, rocket makers EtherealX and AI-driven company Shyam VNL. They will participate in a programme for defence and dual-use technology and explore opportunities to work with the U.S. Defence Innovation Unit, the Department of Defence and other government agencies on satellite observation and emerging space and defence technologies.
  • The start-ups will get access to the world's biggest defence and space market and potentially work with U.S. defence industry leaders like Northrop Grumman, Lockheed Martin and RTX.

Jan 17, 2025

US Removes Indian Entities, Adds Chinese Firms to Entity List

  • The United States Bureau of Industry and Security (BIS) updated its Entity List, removing three Indian organisations and adding eleven Chinese firms due to national security concerns.
  • The entities removed are: Indian Rare Earths, Indira Gandhi Atomic Research Center (IGCAR) and Bhabha Atomic Research Center (BARC).
  • This decision follows an interagency review aimed at reducing barriers to advanced energy cooperation, including joint research and development, to achieve shared energy security goals.
  • The removal of these Indian entities is expected to:
  • Facilitate US-India energy collaboration
  • Enhance joint research and development efforts
  • Strengthen science and technology cooperation

Kazakhstan President Attends Abu Dhabi Sustainability Week

  • President Kassym-Jomart Tokayev of Kazakhstan delivered the opening address at the Abu Dhabi Sustainability Week (ADSW) 2025, becoming the first world leader to speak at the prestigious global forum.
  • In his address, President Tokayev outlined the pressing challenges facing the world today, including climate change, desertification, biodiversity loss, water scarcity, and food security, exacerbated by geopolitical tensions and disruptions in global supply chains.

Jan 16, 2025

India-Spain Declare 2026 as 'Dual Year' for Culture, Tourism, and AI

  • In a significant diplomatic development, External Affairs Minister S. Jaishankar announced that India and Spain will commemorate 2026 as a 'dual year' focusing on culture, tourism, and advancements in artificial intelligence (AI). This initiative aims to strengthen bilateral ties and promote mutual understanding between the two nations.
  • The year will feature extensive cultural programs, including art exhibitions, music and dance performances, literature festivals, and architectural collaborations. Both countries plan to showcase their rich cultural heritages through various events and exhibitions.
  • Efforts will be made to boost tourism by promoting reciprocal visits, establishing direct flight connections, and highlighting each other's tourist attractions. This includes joint marketing campaigns and tourism fairs to attract visitors.
  • Recognising the transformative potential of AI, both nations intend to collaborate on AI research, development, and implementation across various sectors, including healthcare, education, and industry. This will involve joint workshops, seminars, and the establishment of AI research centres.

NPCI and Magnati Partner to Boost UPI Use in UAE

  • NPCI International Payments Ltd. (NIPL), the international arm of India's National Payments Corporation of India (NPCI), has partnered with UAE-based fintech firm Magnati to enable Unified Payments Interface (UPI) transactions for Indian travelers in the UAE. This collaboration aims to integrate UPI into the UAE's payment ecosystem, allowing Indian visitors to use their preferred payment method seamlessly.

Hindenburg Research Shuts Down

  • Hindenburg Research, the influential activist short-selling firm founded by Nate Anderson in 2017, has announced its closure. Renowned for exposing corporate fraud and mismanagement, the firm has significantly impacted companies like Nikola Corp., Icahn Enterprises, and the Adani Group. Anderson cited personal reasons for the shutdown, expressing a desire to spend more time with family and pursue other interests.

Jan 15, 2025

Impeached South Korean President Yoon Arrested Over Failed Martial Law Bid

  • South Korean authorities arrested impeached President Yoon Suk Yeol over insurrection accusations related to his brief declaration of martial law in December 2024. He is the first sitting President in South Korea's history to be arrested.

Venezuela's Maduro Sworn in amid Electoral Controversy

  • Nicolas Maduro, the President of Venezuela (46th President), was sworn in for a third six-year term following a contentious election. His opponent, Edmundo Gonzalez, claimed voter fraud and declared himself the rightful winner of the July elections. Despite international pressure and sanctions, particularly from the United States, Maduro's inauguration took place amid widespread controversy and public protests.
  • Maduro, a former bus driver, became president in 2013 after the death of Hugo Chavez, Venezuela's iconic left-wing leader.

Jan 14, 2025

ICJ President Nawaf Salam is Lebanon's New Prime Minister

  • Nawaf Salam, the president of the International Court of Justice (ICJ) at The Hague, was named as Lebanon's new Prime Minister.
  • Two-thirds of the 128 members of parliament nominated the 71-year-old judge for the post - reserved for a Sunni Muslim under a sectarian power sharing system - during consultations with newly elected President Joseph Aoun. Caretaker PM Najib Mikati got 9 votes.
  • His appointment is another blow to Hezbollah, which had sought to reappoint Mikati but ended up nominating no candidate.
  • Salman became a member of the ICJ - the UN's top court - in 2018, and was elected president for a three-year term last February. He took over as the ICJ heard a case brought by South Africa that accused Israeli forces of committing genocide against Palestinians in the Gaza Strip. Israel dismissed the allegation as baseless.

Japan Tightens Sanctions on Russia over Ukraine War

  • In a decisive move to reinforce international pressure on Russia over its continued military actions in Ukraine, Japan announced a new series of sanctions targeting Russian entities and individuals, as well as organisations in other countries accused of aiding Russia in evading existing sanctions.
  • The Japanese government froze the assets of 11 individuals, 29 organizations, and three banks within Russia. Additionally, a North Korean trading company executive and a Georgian bank, both allegedly involved in circumventing sanctions, have been subjected to asset freezes.
  • This latest round of sanctions underscores Japan's commitment to the collective efforts of the Group of Seven (G7) nations in responding to Russia's actions in Ukraine. Chief Cabinet Secretary Yoshimasa Hayashi emphasised that these measures represent Japan's contribution to international endeavors aimed at achieving global peace and resolving the challenges arising from the Russian invasion.
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