· World’s largest
mall to come up in Dubai
Dubai has unveiled plans to build the world’s first temperature-controlled city Mall of the World, an ambitious project spread over an area of 48 million sq ft, to attract tourists even during the scorching summer months. The project will comprise the world’s largest indoor theme park, covered by a glass dome during the sweltering summer months, and 100 hotels and serviced apartments.
Dubai has unveiled plans to build the world’s first temperature-controlled city Mall of the World, an ambitious project spread over an area of 48 million sq ft, to attract tourists even during the scorching summer months. The project will comprise the world’s largest indoor theme park, covered by a glass dome during the sweltering summer months, and 100 hotels and serviced apartments.
· INDIA, UK to set
up financial partnership
India and United Kingdom have made an agreement to launch financial partnership. The aim of this is to promote the ties between Indian Financial Capital Mumbai and London (Britain’s financial centre). The financial service industries will be set up in the coming three months This followed the seventh round of UK-India Economic and Financial Dialogue held on 8th July.
Other agreements are made and in the deal
India and United Kingdom have made an agreement to launch financial partnership. The aim of this is to promote the ties between Indian Financial Capital Mumbai and London (Britain’s financial centre). The financial service industries will be set up in the coming three months This followed the seventh round of UK-India Economic and Financial Dialogue held on 8th July.
Other agreements are made and in the deal
- will cover the following work-streams: collaboration to develop the Indian corporate bond market;
- mutual sharing of expertise on banking regulation and capitalisation;
- enhancing financial training and qualification; financial inclusion;
- developing a programme around the opportunities to improve cross-border provision of financial and insurance services.
· United Nations tribunal judgment in favour
of Bangladesh
The verdict on the dispute regarding the delimitation of the maritime boundary between India and Bangladesh was delivered on 7th June, with a United Nations tribunal awarding Bangladesh 19,467 sq. km of the 25,602 sq. km sea area of the Bay of Bengal. The content of the verdict of the long-standing dispute was announced by Bangladesh Foreign Minister A.H. Mahmood Ali
The verdict of the Permanent Court of Arbitration (PCA) came after nearly five years of arguments and counter-arguments, spot visit by judges and examination of survey reports. Bangladesh Ambassador to the Netherlands Sheikh Mohammed Belal and Indian Ambassador in The Hague, Rajesh Nandan Prasad, received the copies of the verdict. The tribunal verdict is binding on all parties and there is no option for appeal.
However, according to the rules of procedures, if any party needs any interpretation of the verdict, it can make a request to the court within 30 days of receiving the verdict and the interpretation would be made available within 45 days.
Bangladesh went in for arbitration over the delimitation of maritime boundary under the United Nations Convention on Law of Sea (UNCLOS) on October 8 2009.The court concluded its hearings on December 18, 2013 in The Hague.
South Talpatti, or New Moore was a small uninhabited offshore sandbar landform in the Bay of Bengal, off the coast of the Ganges-Brahmaputra Delta region. It emerged in the Bay of Bengal in the aftermath of the Bhola cyclone in 1970, and disappeared at some later point.
Although the island was uninhabited and there were no permanent settlements or stations located on it, both India and Bangladesh claimed sovereignty over it because of speculation over the existence of oil and natural gas in the region. The issue of sovereignty was also a part of the larger dispute over the Radcliffe Award methodology of settling the maritime boundary between the two nations
The verdict on the dispute regarding the delimitation of the maritime boundary between India and Bangladesh was delivered on 7th June, with a United Nations tribunal awarding Bangladesh 19,467 sq. km of the 25,602 sq. km sea area of the Bay of Bengal. The content of the verdict of the long-standing dispute was announced by Bangladesh Foreign Minister A.H. Mahmood Ali
The verdict of the Permanent Court of Arbitration (PCA) came after nearly five years of arguments and counter-arguments, spot visit by judges and examination of survey reports. Bangladesh Ambassador to the Netherlands Sheikh Mohammed Belal and Indian Ambassador in The Hague, Rajesh Nandan Prasad, received the copies of the verdict. The tribunal verdict is binding on all parties and there is no option for appeal.
However, according to the rules of procedures, if any party needs any interpretation of the verdict, it can make a request to the court within 30 days of receiving the verdict and the interpretation would be made available within 45 days.
Bangladesh went in for arbitration over the delimitation of maritime boundary under the United Nations Convention on Law of Sea (UNCLOS) on October 8 2009.The court concluded its hearings on December 18, 2013 in The Hague.
South Talpatti, or New Moore was a small uninhabited offshore sandbar landform in the Bay of Bengal, off the coast of the Ganges-Brahmaputra Delta region. It emerged in the Bay of Bengal in the aftermath of the Bhola cyclone in 1970, and disappeared at some later point.
Although the island was uninhabited and there were no permanent settlements or stations located on it, both India and Bangladesh claimed sovereignty over it because of speculation over the existence of oil and natural gas in the region. The issue of sovereignty was also a part of the larger dispute over the Radcliffe Award methodology of settling the maritime boundary between the two nations
· China, US sign
agreements on climate change
Chinese and US firms and research institutes on 8th July signed agreements on eight joint projects for coping with climate change ahead of a strategic dialogue between the two countries. The projects address carbon capture, usage and storage, hydrofluorocarbon (HFC) reduction, and the move toward low-carbon cities and a low-carbon model for the cement industry.
The deals marked some of the achievements by the China-US climate change working group, launched during US Secretary of State John Kerry's visit to China in April 2013 and aimed at enhancing cooperation on climate change, state-run Xinhua news agency reported. The working group will report to senior Chinese and US leaders attending the sixth China-US Strategic and Economic Dialogue beginning tomorrow in Beijing. The US and China, two of the world's biggest emitters of carbon dioxide and other gases blamed for global warming, have agreed to closely work together on concrete steps against climate change.
Chinese and US firms and research institutes on 8th July signed agreements on eight joint projects for coping with climate change ahead of a strategic dialogue between the two countries. The projects address carbon capture, usage and storage, hydrofluorocarbon (HFC) reduction, and the move toward low-carbon cities and a low-carbon model for the cement industry.
The deals marked some of the achievements by the China-US climate change working group, launched during US Secretary of State John Kerry's visit to China in April 2013 and aimed at enhancing cooperation on climate change, state-run Xinhua news agency reported. The working group will report to senior Chinese and US leaders attending the sixth China-US Strategic and Economic Dialogue beginning tomorrow in Beijing. The US and China, two of the world's biggest emitters of carbon dioxide and other gases blamed for global warming, have agreed to closely work together on concrete steps against climate change.
· EU slaps fine on
drug makers Lupin, Unichem and Matrix Labs
Leading domestic drug makers Lupin, Unichem and Matrix Labs (now part of Mylan) have come under the scanner of the European Commission for curbing entry of the low-cost generic version of cardiovascular medicine Perindopril in the European Union (EU).
The anti-trust wing of the Commission has slapped a hefty fine of euro 427.7 million (around Rs. 3,458.7 crore) on five generic drug manufacturers, besides Servier, a French pharmaceutical company that held patent protection for blockbuster Perindopril.
Of the total fine, Lupin has to pay euro 40 million (around Rs. 324 crore), while Unichem and Matrix have been fined for euro 13.96 million (around Rs. 113 crore) and euro 17 million (Rs 138 crore), respectively.
India-Canada audiovisual co-production treaty signed
India and Canada has signed an India-Canada Audiovisual Co-production Treaty with an aim to create jobs in both countries and boost tourism. This audiovisual treaty is the first of its kind for India and was signed in Delhi. The treaty came into force on 1 July 2014 but the announcement was made on 9 July 2014
Canada is a country in North America consisting of 10 provinces and 3 territories. Located in the northern part of the continent, it extends from the Atlantic to the Pacific and northward into the Arctic Ocean. At 9.98 million square kilometres in total, Canada is the world's second-largest country by total area and the fourth-largest country by land area. Its common border with the United States is the world's longest land border shared by the same two countries
Leading domestic drug makers Lupin, Unichem and Matrix Labs (now part of Mylan) have come under the scanner of the European Commission for curbing entry of the low-cost generic version of cardiovascular medicine Perindopril in the European Union (EU).
The anti-trust wing of the Commission has slapped a hefty fine of euro 427.7 million (around Rs. 3,458.7 crore) on five generic drug manufacturers, besides Servier, a French pharmaceutical company that held patent protection for blockbuster Perindopril.
Of the total fine, Lupin has to pay euro 40 million (around Rs. 324 crore), while Unichem and Matrix have been fined for euro 13.96 million (around Rs. 113 crore) and euro 17 million (Rs 138 crore), respectively.
India-Canada audiovisual co-production treaty signed
India and Canada has signed an India-Canada Audiovisual Co-production Treaty with an aim to create jobs in both countries and boost tourism. This audiovisual treaty is the first of its kind for India and was signed in Delhi. The treaty came into force on 1 July 2014 but the announcement was made on 9 July 2014
Canada is a country in North America consisting of 10 provinces and 3 territories. Located in the northern part of the continent, it extends from the Atlantic to the Pacific and northward into the Arctic Ocean. At 9.98 million square kilometres in total, Canada is the world's second-largest country by total area and the fourth-largest country by land area. Its common border with the United States is the world's longest land border shared by the same two countries
·
U.N. calls For Gaza ceasefire
The UN Security Council has called for a ceasefire between Israel and the Palestinians in the Gaza Strip. Israeli air strikes hit the territory's security HQ and police stations. Wars between Hamas and Israel tend to finish with some sort of ceasefire.
Factors influencing the timing of a deal include the amount of blood spilt, and the level of international pressure on both sides to make a deal. It looks as if that point has not yet been reached. Ceasefires involve a certain loss of face, as leaders glide away from some of the rhetoric they threw around when the guns started to fire. Neither side is ready for that yet. This conflict may have to get worse before the pressure for a ceasefire becomes unanswerable.
All 15 members the UN Security Council approved a statement calling for calm and peace talks.
It is the first time since Israel's offensive began that they have issued a statement, with members previously divided on their response.
The UN has estimated that 77% of the people killed in Gaza have been civilians. The Security Council members expressed serious concern regarding the crisis related to Gaza and the protection and welfare of civilians on both sides.
The Security Council members called for de-escalation of the situation, restoration of calm, and reinstitution of the November 2012 ceasefire. The Security Council members further called for respect for international humanitarian law, including the protection of civilians.
The UN Security Council has called for a ceasefire between Israel and the Palestinians in the Gaza Strip. Israeli air strikes hit the territory's security HQ and police stations. Wars between Hamas and Israel tend to finish with some sort of ceasefire.
Factors influencing the timing of a deal include the amount of blood spilt, and the level of international pressure on both sides to make a deal. It looks as if that point has not yet been reached. Ceasefires involve a certain loss of face, as leaders glide away from some of the rhetoric they threw around when the guns started to fire. Neither side is ready for that yet. This conflict may have to get worse before the pressure for a ceasefire becomes unanswerable.
All 15 members the UN Security Council approved a statement calling for calm and peace talks.
It is the first time since Israel's offensive began that they have issued a statement, with members previously divided on their response.
The UN has estimated that 77% of the people killed in Gaza have been civilians. The Security Council members expressed serious concern regarding the crisis related to Gaza and the protection and welfare of civilians on both sides.
The Security Council members called for de-escalation of the situation, restoration of calm, and reinstitution of the November 2012 ceasefire. The Security Council members further called for respect for international humanitarian law, including the protection of civilians.
No comments:
Post a Comment