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News in Short

News in Short - 22-July-2021

Ariel Henry appointed Prime minister of Haiti

Date: 22 July 2021 Tags: Appointments & Resignations
  • Haiti's government appointed Ariel Henry as prime minister, nearly two weeks after President Jovenel Moise was gunned down in a murder plot.
  • Henry assumed the role of de-facto leader of the Western Hemisphere's poorest nation in a ceremony in the capital Port-au-Prince.
  • Haiti has been struggling with lawlessness fuelled by violent gangs. He called for continued international support for the government, which has received billions in aid since a devastating earthquake in 2010.

Swiggy raises $1.25 billion in new funding

Date: 22 July 2021 Tags: Miscellaneous
  • Swiggy has raised $1.25 billion from investors, including SoftBank and Prosus, nearly matching the funds raised by rival Zomato in an initial public offering (IPO).
  • The fundraising valued Swiggy at $5.5 billion, an increase of more than 50% from the $3.6 billion it was valued in April last year.
  • Existing investors, including Accel Partners and Wellington Management, took part in the fundraising.
  • The fundraising will help the company execute its multi-year strategy of growing beyond the core food delivery business and build other revenue models.

Philippines clash with Chinese warships in South China sea

Date: 22 July 2021 Tags: Miscellaneous
  • The Philippines Coast Guard drove away a Chinese warship in the South China Sea, in another sign of tension between the two nations in the disputed waters.
  • The Coast Guard said it had sent a verbal challenge to Chinese warship spotted at Marie Louise Bank. The Chinese vessel eventually moved away from the area.
  • The foreign vessel sent a radio message identifying itself as “Chinese Navy Warship 189” and asked the Philippine ship tailing it to keep distance.
  • The two nations’ vessels have been locked in a standoff in the South China Sea for months, after hundreds of Chinese ships swarmed disputed territory earlier this year.
  • The Philippines has repeatedly protested the ships’ presence and has been backed by the US, while Beijing has said its actions were normal and legitimate.

Russia and Uzbekistan hold military exercise near Afghanistan border

Date: 22 July 2021 Tags: Miscellaneous
  • Russia and Uzbekistan will hold joint military drills in Uzbekistan near Afghan border. The exercise will take place in southernmost Surxondaryo province and will involve around 1,500 troops and around 200 vehicles, including aircraft
  • Taliban fighters have made major advances as U.S. forces pull out after 20 years of war, a security headache for Moscow which fears refugees may be pushed into its Central Asian backyard.
  • The joint drills, which involve Russian, Tajik and Uzbek forces, are due to take place 20 km from the Afghan border in Tajikistan from Aug. 5-10.

World’s fastest maglev train launched in China

Date: 22 July 2021 Tags: Miscellaneous
  • China unveiled a home-grown magnetic levitation train capable of reaching 600 kph, the fastest train ever built by the country.
  • The new train's speed approaches the 603 kph world record set by a Japanese maglev built by Central Japan Railway, starting an intense competition for technical supremacy in the high-speed train market.
  • The development of China's maglevbegan in 2016, with a successful trial run in June 2020. CRRC, the world's biggest manufacturer of train cars, had been fine-tuning the maglev before unveiling.
  • CRRC touts the maglev's lightness and durability as its strengths. The train can make the trip from Beijing to Shanghai in three and a half hours.
  • That cuts about two hours from the time needed for a conventional bullet train to travel the same distance.