Daily Management Review
World & Politics

EU to allocate €1.59 billion to Ukraine through European Investment Bank

The European Investment Bank (EIB) will provide $1.59 billion to help Ukraine's citizens and reconstruct its infrastructure. According to a statement from the European Commission, €1.05 billion will be given right away and €590 million will follow later. The European Commission adds that work on...

India elects woman as new president for the second time in history

Draupadi Murmu, the victor of the Indian presidential elections, will be sworn in on July 25, the day before Ram Nath Kovind's time as president comes to an end. She will also become the nation's first head of the Santal people, an ethnic group that previously belonged to the lowest social classes...

Lenders to suspend Ukraine's sovereign debt payments

The six nations that hold Ukraine's debt decided to offer it a postponement of sovereign debt service until the end of 2023, with the option of an additional year's extension. The group, which consists of Canada, Germany, France, Japan, the United Kingdom, and the United States, urged other holders...

Doubts Expressed By US Lobby Groups Over Autonomy Of India Content Appeal Panel

According to Reuters, US lobbying groups representing Facebook and Twitter are concerned that India's plan to construct a government tribunal to hear appeals against content moderation rulings will lack independence.   The planned policy change is the latest bone of contention between India...

Saudi Arabia and Iraq merge power grids

The agreement calls for building of a transmission line with a length of around 435 kilometers, a voltage of 400 kilovolts, and a capacity of 1,000 megawatts. In addition, the Iranian government has entered into an agreement with the Office of the Association of Power Grids of the Cooperation...

Bill Gates will give almost his entire fortune to charity

Bill Gates declared that he would donate practically all of his wealth to charity, making him no longer one of the world's richest people. According to Forbes, his wealth exceeds $120 billion. Bill Gates declared his intention to give up "nearly all" of his wealth. He declared that the funds would...

Bloomberg: UAE President to discuss increasing oil supplies to France

According to Bloomberg’s sources, UAE President Sheikh Mohamed bin Zayed will travel to Paris on July 18 to meet with French President Emmanuel Macron to discuss oil supplies. Since the European Union decided to restrict imports of Russian energy carriers, France has been in talks with the UAE...

WTO calls on G20 countries not to impose sanctions against others

According to a report on trade monitoring and trade measures G20 released Thursday on the WTO website, the World Trade Organization (WTO) urges G20 nations not to impose restrictive measures against other nations in order to unify the global community, enable it to collaborate on challenges, defuse...

France to abandon fossil fuels

France is on the verge of becoming the first developed nation to abandon fossil fuels. In light of the turmoil in Ukraine and the urgent environmental situation, France will become the first major nation to abandon fossil fuels, Prime Minister Elizabeth Borne announced on Wednesday. "We'll be the...

1 Bln Records Of Chinese Citizens Stolen From Police, Claims A Hacker

A hacker claims to have obtained a wealth of personal information on one billion Chinese individuals from the Shanghai police, which, if accurate, would be one of the largest data breaches in history, according to cyber experts.   Last week, an anonymous internet user identified as...
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