Daily Management Review
World & Politics

China restricts flights around Taiwan until the end of the week

According to Bloomberg, China has banned planes from six airspaces surrounding Taiwan. Restrictions will be in place from August 4 until August 7 on Sunday. The People's Republic of China will hold military drills this week. Air carriers received notices late on August 2nd, in the evening. The...

Myanmar military extends state of emergency for six months

The state of emergency was prolonged by Myanmar for a further six months. Myin Swe, the nation's acting president, took the initiative. According to the state edition Global New Light of Myanmar, the Military Council of National Defense and Security unanimously decided to extend the state of...

Egypt terminates contracts for 240 thousand tons of Ukrainian wheat

According to Reuters, Egypt has cancelled contracts for the purchase of 240,000 tons of wheat from Ukraine that were to have been delivered in December 2021. According to the organization, Nibulon and Inerco companies were "freed" from their contractual responsibilities by Egypt's General Authority...

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...
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