Category: Current Affairs
Weekly Politics Summary -14/4/24: Billionaire sentenced to death
Take a Quiz about this article: Iran attacks Israel Iran attacked Israel with over 300 drones and missiles late on Saturday evening. Israeli forces said they downed 99% of the drones and missiles with the help of Western forces. The US, UK, Jordan, and France all helped to defend Israel. The Jordanian Air Force, RAF,…
Hong Kong Seizes $10 Million in Gold Disguised as Machine Parts
Take a Quiz about this article: Hong Kong customs officials discovered 146 kilograms of gold worth around $10.7 million disguised as machine parts. The gold was on board a freight plane on its way to Japan. Officials report that all gold was ‘specially moulded’ into the shape of various machine parts, and painted silver. The…
7 Million in the UK Burdened by Bills Amidst Cost of Living Crisis
Key Takeaways: A survey conducted by the Financial Conduct Authority (FCA) showed that roughly 7.4 million adults struggled to pay their bills in January 2024. This number has decreased from the 10.9 million recorded in January 2023. The number remains marginally higher than the 5.8 million recorded in January 2020. The spike in 2023 was…
Tesla Eyes India: $2-3 Billion Electric Car Plant in the Works
Tesla To Scout Locations In late April, Tesla plans to send its first team to scout potential locations for building electric car plants in India. This is estimated to cost USD 2-3 billion. Tesla will be focusing on Indian states which are already dominant auto manufacturing regions. These regions include Gujarat and Rajasthan in the…
Major Banks to Close 48 Branches in April Alone: More to Come?
Various banks will close 48 branches this month and will continue to close more as the year goes on. This includes Halifax and Lloyds. Barclays and the Bank of Scotland. Barclays will close 21 branches, Halifax will close 14, and Lloyds will close 12. The Bank of Scotland will close only one. Why are the…
Glitch in Ethiopian Bank causes Customers to withdraw Millions
Key Points Regarding the Glitch: On Saturday, 16th March, a glitch occurred in the transaction systems of the Commercial Bank of Ethiopia, which allowed people to withdraw more money than they had in their accounts. It took several hours for the glitch to be fixed, and over $40 million was reportedly withdrawn during this time.…
