Author: Ajay Rajguru

On the eve of the first major U.N. water conference in over 45 years, 26% of the world’s population lacks access to safe drinking water and 46% lack basic sanitation. According to the UN World Water Development Report 2023, there is a huge gap that needs to be filled in order to achieve universal access to clean water and sanitation by 2030. Richard Connor, editor-in-chief of the report, told a news conference that the estimated cost of meeting the goals is somewhere between $600 billion and $1 trillion a year, according to the AP. Forging partnerships with investors, financiers, governments,…

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There is still room for gold prices to rise and they could reach $2,600 an ounce in the near future. As a result of Silicon Valley Bank’s collapse and Credit Suisse’s difficulties, investors have been turning to gold and Treasury securities. According to Refinitiv data, gold reached its all-time high of $2,075 in August 2020. There is still a lot of room for gold prices to rise as global banks struggle and the Federal Reserve renders another interest rate decision, possibly breaking all-time highs. Due to the failure of Silicon Valley Bank and the implosion of Credit Suisse, investors have…

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When Zlatan Ibrahimovic was sidelined for eight months with a swollen left knee following surgery, retirement didn’t enter his mind. It was certainly worrying for the Swedish soccer great. The AC Milan striker quickly focused on getting back to normal health rather than maintaining his trophy-laden career. Ibrahimovic’s ability to play in a European Championship qualifier at the age of 41 is testament to his self-belief and resilience, reports AP. He became the oldest scorer in Serie A history on Saturday, and now he hopes to make his first appearance for Sweden against Belgium on Friday. Since Ibrahimovic has been…

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The South Korean government banned dozens of materials used by North Korea in satellite development from being exported via a third country. The move is meant to prevent the secretive nuclear-armed nation from circumventing Security Council sanctions. In spring, Pyongyang plans to launch a military reconnaissance satellite, South Korean News Agency (Yonhap) reported. Solar cell laydowns, coarse sun sensor assemblies, star trackers, image data handling units, X-band transmitters, and control moment gyro actuation units have all been placed on a “watch list.” The aim is to raise global awareness of the urgency of preventing the North from acquiring such materials.…

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UBS (UBSG.S) is in discussions to acquire Credit Suisse (CSGN.S), with the boards of Switzerland’s two biggest lenders meeting separately this weekend, the Financial Times reported. The Swiss National Bank and regulator FINMA are organizing the talks to build confidence in the country’s banking sector, Reuters reported, citing sources. Swiss regulators informed their US and UK counterparts on Friday evening that the merger of the two banks was their “Plan A” for salvaging Credit Suisse’s reputation. The two banks are also exploring several other options as they evaluate regulatory constraints in different jurisdictions, according to the newspaper. Reports said the…

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The Abu Dhabi Autonomous Racing League has been launched by ASPIRE, the technology transition arm of Abu Dhabi’s Advanced Technology Research Council (ATRC). This announcement supports ASPIRE’s vision of building a world-class research and development (R&D) hub in Abu Dhabi. With the first autonomous car race set for Q2 of 2024, the league will become the world’s largest autonomous racing league. As the first of a series of autonomous vehicle races, Yas Marina Circuit will host the autonomous car race. Featuring a prize pool of up to AED8 million ($2.25 million), the Abu Dhabi Autonomous Racing League will use Dallara-built…

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A lack of funds forced life-saving assistance for at least four million Afghans to be cut in March, according to the United Nations (UN) food agency. A World Food Programme (WFP) appeal has been made seeking urgent funding for its operations in Afghanistan, where families have been battling crisis after crisis, including growing hunger, since the Taliban took over in 2021. Afghanistan could suffer a catastrophic hunger epidemic, and hundreds of thousands more people will require assistance to survive unless humanitarian assistance is sustained. In March, at least four million people will receive just half of what they need to…

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On Thursday, the US Geological Survey (USGS) reported an earthquake of 7.1 magnitude in New Zealand’s Kermadec Islands region. According to the agency, the earthquake occurred at a depth of 10km. US Tsunami Warning System said some Kermadec Islands coasts may experience tsunami waves reaching 0.3m to 1m above tide level. “Tsunami waves are forecast to be less than 0.3m above the tide level for the coasts of Fiji, New Zealand and Tonga.” However, the National Emergency Management Agency (NEMA) and the Bureau of Meteorology confirmed there was no tsunami threat to mainland New Zealand and Australia.

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In spite of financial market chaos and calls by investors to dial back policy tightening at least until sentiment stabilizes, the European Central Bank (ECB) raised interest rates by 50 basis points on Thursday in an attempt to curb inflation. According to Reuters, the ECB has been raising rates at its fastest pace ever, but a rout in global markets since Silicon Valley Bank (SVB) collapsed last week threatened to overturn those plans. As inflation is predicted to exceed its 2% target through 2025, the central bank for the 20 euro-shared countries raised its deposit rate to 3%, its highest level…

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The latest celebrity to gain a major acquisition is Ryan Reynolds. T-Mobile (TMUS) acquired Reynolds-backed Mint Mobile for $1.35 billion on Wednesday. There are 61% of shares in stock and 39% in cash in the sale. The actor, who holds a minority stake in Mint Mobile, will continue to be the face of the company as he intends to “continue for years” with the company. “We are so happy T-Mobile beat out an aggressive last-minute bid from my mom Tammy Reynolds as we believe the excellence of their 5G network will provide a better strategic fit than my mom’s slightly-above-average…

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