Russia Launches Islamic Banking Pilot Program:
Exploring Shariah-based Finance. Russia has launched a pilot program for Islamic banking, which is based on Islamic law. The program is being conducted in the Republic of Tatarstan, which has a large Muslim population. The move is seen as an attempt by Russia to attract investment from Muslim-majority countries.
Gabon Military Seizes Power Following Disputed Election:
A Series of Coups in West and Central Africa. The Gabonese military has seized power following a disputed election. The coup is the latest in a series of military takeovers in West and Central Africa. The coup leader, Colonel Anicet Toumba, has promised to hold new elections within 12 months.
India’s Largest Home-Built Nuclear Plant Starts Operations.
India’s largest home-built nuclear plant has started operations. The plant, located in the state of Gujarat, has a capacity of 660 megawatts. The plant is expected to generate enough electricity to power over 600,000 homes.
Cabinet okays PRIP scheme to boost research and innovation.
The Indian Cabinet has approved the Production Linked Incentive (PLI) scheme for promoting research and innovation. The scheme will provide incentives to companies that invest in research and development. The scheme is expected to boost innovation in India and make it a global hub for research and development.
Nagaland Becomes First State In North Eastern Region To Initiate Aadhaar Linked Birth Registration.
Nagaland has become the first state in the northeastern region to initiate Aadhaar linked birth registration. The move is aimed at ensuring that all births in the state are registered. The state government has also launched a mobile app for parents to register the births of their children.
UN calls for urgent action to prevent famine in Ethiopia.
The United Nations has called for urgent action to prevent famine in Ethiopia. The UN estimates that over 20 million people in Ethiopia are facing food insecurity, and that over 6 million people are at risk of famine. The famine is being caused by a combination of factors, including conflict, drought, and locust infestation.
WHO declares monkeypox outbreak a public health emergency of international concern.
The World Health Organization (WHO) has declared the monkeypox outbreak a public health emergency of international concern. The declaration is the highest level of alert that the WHO can issue, and it comes after cases of monkeypox have been reported in over 50 countries. The WHO is concerned that the outbreak could spread further and become a major health threat.
China’s economy grows at slowest pace in 28 years.
China’s economy grew at its slowest pace in 28 years in the second quarter of 2023. The growth rate was 0.4%, down from 4.8% in the first quarter. The slowdown is being caused by a number of factors, including the ongoing COVID-19 pandemic, the war in Ukraine, and the government’s crackdown on the tech sector.
Bitcoin price falls below $20,000 for the first time since 2020.
The price of bitcoin has fallen below $20,000 for the first time since 2020. The decline is being driven by a number of factors, including the ongoing sell-off in the cryptocurrency market and the collapse of the TerraUSD stablecoin. The fall in the price of bitcoin has wiped out billions of dollars in investor wealth.
Sri Lanka defaults on its foreign debt.
Sri Lanka has defaulted on its foreign debt for the first time since its independence in 1948. The default is a result of the country’s severe economic crisis, which has been caused by a number of factors, including the COVID-19 pandemic, the war in Ukraine, and corruption
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