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Massive blackouts lead to industrial closures due to power shortages in China. With Christmas fast approaching, China is facing more pressure from unexpected power outages as it seeks to boost production as it receives large orders from the West as well as Europe. China may not be able to deliver on time. This time around, empty rocks will be on display in most malls and supermarkets in Europe as well as in the West. Severe power shortages are mainly on the east coast of China. It should not change that most of China's population lives on the east coast. It said it would not be able to supply electricity uninterruptedly for several months, officials said in a statement. The three industries are in dire need of electricity as countries emerging from the lockdown are placing orders, especially for aluminum, steel, and cement. Cement shortages not only have a serious impact on China's construction sector but also indirectly affect China's economic situation. There is also inte

The two US generals Gen Mark Milley and Gen Frank McKenzie were questioned by the Senate armed services committee along with Defence Secretary Lloyd Austin on the Afghan pull-out decision and Kabul Airport attack on August 26. This is the first public testimony on the Afghanistan exit. U.S. Congress start inquiring Pentagon leaders on Afghan incidents after 30 days. Top US generals believed that Taliban-led Afghanistan is a strategic US intelligence failure. They were testified before the Senate on the Afghanistan crisis. General McKenzie said that he recommended keeping 2500 forces in Afghanistan which was contradictory to Joe Biden’s statement. As everyone expected General Mark Milley suspected Pakistan’s role in Afghanistan. He demand a full probe on the role played by Pakistan in granting sanctuary to Afghanistan leaders. 22 Senators Republican Senators were moved the bill in the Senate on Pakistan role and three aspects. Who helped the Taliban in capturing Kabul? Who helped the Ta

Vaccination campaign to counter pandemic virus is running across the world in many countries. Some of the countries are in a race to complete the vaccination and others are slow. Pfizer and Moderna vaccines are saying confidentially saying that coronavirus comes by the end of this year. Two vaccines were in demand from many countries for the vaccination to counter the pandemic virus. After Moderna, Pfizer says Covid to end in a year. Pfizer predicted life will return to normal within a year, but it’s likely annual COVID vaccinations will be necessary. Moderna and Pfizer pharma companies push for annual Covid booster jabs. Pfizer has said that the world might return to normalcy in a year. The covid-19 virus would likely continue to evolve, requiring annual vaccinations. Moderna has predicted that the Covid pandemic may end in a year. Pfizer and Moderna have to make billions in profits dispensing endless booster doses. President Joe Biden received his Pfizer COVID-19 booster shot in fron

Chinese regulators intensified a crackdown banning crypto transactions and mining. This is the third time that Chinese restrictions against cryptocurrencies in this year. Earlier in May, China banned mining as illegal and showing environmental concerns for crypto mining. After Beijing’s warning, the global mining hash rate of the measurement of computing power used to mine Bitcoins dropped by 50%. Trading crypto-currency has officially been banned in China since 2019 but has continued online through foreign exchanges. This time it's a crackdown on crypto exchanges and it’s transactions. China has banned the services provided by overseas exchanges to mainland China customers.  The People's Bank of China (PBOC)   in China has declared that all transactions cryptocurrency-related are illegal. The highest populated nation is one of the world’s largest cryptocurrency markets. Two of the world’s biggest crypto exchanges like Binance and Houbi are in trouble. They won’t allow new sig

The United Kingdom came out from the European Union on 31 st January 2020 is called Brexit (“British Exit”). UK is the first sovereign nation to the left of the EU. UK was in the severe second wave of coronavirus at the time of leaving from EU. Like other nations, UK’s economy was collapsed due to pandemics. The UK is facing severe manpower shortages in all sectors because of post-Brexit regulations and a stretched labour market. The chronic labour shortage has led to a crisis in supply chains, affecting a lengthening list of products. As usual, the government blamed the pandemic but on the other side of the coin, it is because of Brexit. The UK has been hit by a shortage of truck drivers which is a serious concern for this summer that made a huge impact on supermarkets, restaurants and other retailers. Assessing the grim situation, the British government will issue thousands of emergency VISAs to foreign truck drivers for not breaking the supply chain. In the aftermath of Brexit, tho

UN General Assembly (UNGA) has conducted its annual sessions since it’s inception in September and October every year. Head of the 193 member nations would address the global issues. 76 th UN General Assembly (UNGA) sessions are going on from September 14 th to 30 th in New York. United Nations was formed in 1945 after the completion of World War II. As per the UN Rules of Procedure, sessions normally commence on "the Tuesday of the third week in September, counting from the first week that contains at least one working day. One nation can always open in every UN General Assembly (UNGA) session for 6 decades of United Nations history.   Brazil has been the first country to speak in the UNGA for 67 years, despite not being first alphabetically. This has been a tradition since the 10 th UNGA session in 1955. Brazil is not either a host nation or first in alphabetical order. Brazil is not even a permanent member of the UN Security Council. Why the nation has received special priv

Why did New Zealand cancel the Pakistan tour? Why did Pakistan Prime Minister Imran Khan make a call to New Zealand Prime Minister Jacinda Ardren to convince? Even after cancellation, Pakistan didn’t learn a lesson and continued it’s relations with ISIS-K. New Zealand players worried about their security in Pakistan because of fear of terrorist activities. It's an open secret that Pakistan is involved in Afghanistan's internal affairs for it’s interests. Pakistan has encouraged the Taliban to dethrone the Afghanistan government. It allows the terrorists to move freely from Afghanistan to Pakistan. As per the latest strategy, Pakistan has planned to check the Taliban government with ISIS-K, the group an affiliate of the Islamic State group operating in Afghanistan. Pakistan is widening the rift between moderates and hardliners not to lose it’s control over Afghanistan. They changed their strategy after the completion of the seizure of power in the country. The Taliban led Afghan

One of the largest property developers might fall into real trouble. China’s real estate giant Evergrande group is on verge of collapse. Many financial analysts believe the current Evergrande crisis as Lehman Brothers 2.o in 2008. The group has more than 1300 development projects in 300 cities across mainland China. More than 200K people are working in the group. Evergrande, the biggest Chinese real estate developer, is staring at bankruptcy. The company owes more than $300 billion debts to its creditors. Evergrande management has admitted the financial crisis. Evergrande group ranked 122 in the Global 500 list. That made people protest in front of all corporate offices of Evergrande. There are nearly 800 projects remaining unfinished and more than 1 million Chinese people are waiting to shift to new homes. The company also made diversified investments in Electric vehicles, Theme Parks and Sports but none of them became profitable. The company made finance for all these projects by bor

UK’s new international Covid-19 travel rules cause trouble to Indians. As per new UK’s policy, Indians who are fully vaccinated with Covishield have been considered as ‘not vaccinated’. The non-recognition of Covishield is a discriminating policy & impacts our citizens travelling to the UK. Covishield is manufactured by Serum Institute of India (SII) along with UK’s Oxford-AstraZeneca. The UK is the first nation that gave approval to make the vaccine with Oxford in 2020 when other nations were silent on vaccines. SII and AstraZeneca have agreed to produce 1 billion doses in June 2020 for coronavirus. Covershield is the most used vaccine in India. People in India were completely trusting of home-made vaccines. Non-recognition of Covishield vaccine is discriminating, impacts Indians travelling to the UK. As per the new travel policy, Indians should stay in a 10 day quarantine and have to submit covid test report three days before the trip. The UK government has penalized 500 pounds f

World most popular cryptocurrency Bitcoin is trading under $45k. The crypto market cap is down by $150 billion, as bitcoin dumped below $45K. The downtrend of bitcoin has been seen since late Sunday. This year we saw many flip-flops on the BTC price. It touched over $60K in April and surged below $30K in May. Now it is trading around $45K. But analysts still believed in reaching BTC to $100K for a few reasons. The said reasons are promising and convincing. Least availability in market The market capitalization of total Bitcoins in circulation is around $866 billion. As per the stats Bitcoin upper limit set to 21 million. We can’t mine bitcoins over 21 million. 83% of all Bitcoins (18.78 million) have already been brought into circulation. Hardly 2 more million bitcoins are to be mined. There are around 3 million bitcoins considered as lost and inaccessible. Already existing holders want to retain their holdings and refused to sell because of the expected bull market in the coming day