Month: July 2023
No Ukraine entry timeline into NATO
A summit communique issued by NATO leaders meeting in Vilnius, Lithuania, on Tuesday, said, “Ukraine’s future is in NATO.” NATO members have said they want Ukraine in the alliance when the time is right, as Turkey drops its opposition to Swedish accession on day one of two-day summit in Vilnius, Lithuania. Eastern NATO members who
Meta to restrict Threads in European
Meta and the rest are already regularly in trouble with EU regulators over their data gathering and retention policies. Threads, billed as the killer of Twitter, a platform that has tumbled into chaos under the leadership of mercurial tycoon Elon Musk, has added more than 100 million users in its first week in app stores
Bangladesh to trade in India Rupee
Bangladesh will start trade with India in Rupees in order to reduce stress on the US dollar requirements from Tuesday .The dollar being the dominant currency, the trading in Indian Rupee will be only partial and experimental. This will help take some pressure off the ACU payment settlement which takes place every two months, Similarly,
Australia to send surveillance planes to “Ukraine”
Australian Prime Minister Anthony Albanese on Monday said Royal Australian Air Force surveillance aircraft would be deployed to Germany to support Ukraine. The planes can act as command and control platforms, capable of coordinating and directing the operations of friendly forces. While in Berlin, the Australian prime minister also attended the signing of an in-principle
European Union-United States data sharing pact
In May, the EU hit Facebook owner Meta with a $1.3bn (£1bn) fine, ordering the company to stop sharing European users data across to the US. Meta has said without a legal outline for data transfers, it would be forced to stop providing its products and services in Europe. The European Commission has announced a
Foxconn drops $20bn India factory plan
In recent years, several other firms have announced plans to build semiconductor factories in India. Last month, US memory chip giant Micron said it would invest up to $825m to build a semiconductor assembly and test facility in India. Apple supplier Foxconn has pulled out of a $19.5bn (£15.2bn) deal with Indian mining giant Vedanta
Threads Feeds
Meta, which owns Threads, Instagram and Facebook, launched the social media app last week and more than 100 million users have signed up to use it. Threads will add an alternative home feed of posts as part of a series of updates to the new social media app after users complained. Users want to
Ukraine admission to NATO would be ‘danger and threat’
Several NATO leaders have indicated that the 31 member states won’t be inviting Ukraine to NATO during the summit itself. Ukraine has however been demanding a formal invitation to NATO for weeks.The Kremlin is aware that there is a debate among NATO members about Ukraine’s accession ahead of the summit in Lithuania on Tuesday and
China and Solomon Islands as strategic partnership
China has continued to invest financially in Solomon Islands, prompting the United States to rekindle its engagement with the region, including reopening its embassy in Honiara and boosting investment efforts. The US and its allies reacted strongly to the deal over concerns about Beijing’s naval ambitions in the strategically located region with decades of strong
Bangladesh invited to attend BRICS Summit in South Africa
BRICS leaders are expected to attend the 15th BRICS Summit in South Africa from 22 – 24 August 2023. The Summit will be hosted at the Sandton Convention Centre (SCC) in Johannesburg, Gauteng. BRICS leaders will engage with business during the BRICS Business Forum and engage with the New Development Bank, BRICS Business Council and