A2Z

China's GDP growth slowed sharply in the third quarter of the current calendar year. China grew 7.9 percent in the second quarter but the growth rate fall down by 4.9% during the third quarter. China's economy has recovered rapidly since the Corona crisis. Production increased as global consumption increased. As the demand for raw materials increased, so did the price. Two reasons that find on negative growth rate in China are Evergrand collapse and power crisis due to coal shortage. This has had a major impact on China's economy. Adding to the above, the emergence of new coronavirus cases in some areas has also slowed the growth rate. China is the first nation in the world for speedy recovery after the pandemic when others were clue-less fought with coronavirus pandemic. Massive fuel crunch is crimping the country’s growth engine. There is a considerable impact on the normal production rate in China because of the power crisis. Factories and units across the country have t...

Thousands of people in El Salvador took to the streets on Sunday against President Nayib Bukele. El Salvador is a tiny nation in Central America whose a population of not more than 65 lakhs. In general, no one shows interest in agitations that occurred in El Salvador. After adopting Bitcoin as legal tender in the country, El Salvador got everyone’s attention in the world. Economists and Cryptocurrency sympathizers are very much eager to know the economy in El Salvador after September 07 th which was the effective date of implementing Bitcoin as the official currency.  At least 4,000 people marched through the capital of San Salvador with banners and placards against President Nayib Bukele. They shouted against President for bitcoin adoption and the removal of Supreme Court judges. Bukele who seeks to elect for a second term as President proclaimed himself as "dictator" of the Central American country on his Twitter account last month. Bukele's party voted to fire the jud...

Italian dockworkers go on an "indefinite blockade" to protest against covid-19 passports to be allowed to work. Thousands of people joined the workers' strike in solidarity in Trieste, the largest port in Italy. It is not the first time that people went for agitation against the government's decision of having Green Pass certificates. In August month, Italy has decided to impose restrictions on all unvaccinated persons that do not hold the country’s ‘Green Pass’, which is an extension of the EU Digital COVID-19 Certificate. From then onwards, sporadic protests takes place in the country but agitation against Green Pass reached peaks. Mass Strikes across the Italian ports of Trieste & Genoa called that are now crippling the country as workers walkout in solidarity with those discriminated against by the apartheid 'Green Pass' system. Both public and private sector workers took the streets across Italy to protest against the latest coronavirus mandate. As pe...

Chip is a very useful device in multiple ways from cars to computers and from mobiles to drones. Chip is a device that integrates one or more functions on a single circuit. It is the most wanted electronic device after the corona vaccine for many industrial companies. As per the sources, the shortage of chips costs the auto industry more than $200 billion across the world. This is an open secret that shortage was happened because of two pandemic attacks. The supply crunch of semiconductors for carmakers will likely continue through 2022. Toyota is to cut global output by 15% in November due to chip shortage and power shortage in China. EU new car sales fall 23% annually in September amid ongoing chip shortages. China’s Ford sales were hit by chip shortage in the third quarter. General Motors has regularly organized a motor show in Geneva with its new products for many years. GM has canceled its motor show in 2022 because of coronavirus and shortage of chips. Passenger vehicle whole...

The People's Bank of China (PBOC) announced that cryptocurrencies cannot circulate in China and also barred overseas exchanges from giving their services to investors. Earlier, Beijing was crackdown crypto mining in the country quoting environmental reasons. Its neighbor Russia acts differently on cryptocurrencies. Russia is mulling energy tariffs for crypto mining amid a wave of migration following China's ban. It is exploring various ways to distinguish energy consumption for cryptocurrency mining. The Russian government has been closely monitoring the cryptocurrency market after China imposed restrictions on cryptocurrencies. Russia has become one of the top locations for Bitcoin (BTC) mining activity following the Chinese crackdown. Some Russian regions like the Irkutsk region, located about 1,700 kilometers from China have reportedly faced explosive growth in energy consumption. Russia President Vladimir Putin said that cryptocurrency has every right to exist and can be us...

Those who left North Korea filed a lawsuit against President Kim Jong-un in a Tokyo court. The case was filed on a repatriation scheme to return home. About 90,000 people fled Japan to North Korea between 1959 and 1984 as part of a so-called government kidnapping scheme. The extraordinary case was filed as part of an attempt to hold North Korea accountable for the scheme. Many were involved in the resettlement scheme were ethnic Koreans being sold a vision of the "Fatherland" as "paradise" and some Japanese spouses went with them. Not only were those of Korean origin but also their Japanese spouse targeted under the scheme. They were fascinated by the wonderful propaganda of paradise on earth. The five involved in the repatriation scheme have since left North Korea. The five filed the case in Tokyo District Court. They demanded $880K each in damages. They allege that it is generally impossible to enjoy human rights in North Korea. They accused North Korea of decei...

On September 16, Directorate of Revenue Intelligence (DRI) from the Mundra Port seized heroin from two containers were declared as containing talc powder or “semi-processed talc stones'', originating in Afghanistan and loaded at Iran’s Bandar Abbas port and to be shipped for Vijayawada client. Two containers at Mundra port that were found to be carrying around 3K kg of heroin in the guise of talcum powder that cost 21K crore which is the highest ever amount seized in Indian history. Adani ports has announced that it will not handle cargo from Afghanistan, Iran and Pakistan effective from November 15. Adani Group has 13 more minor ports other than Mudra in Gujarat. Initially, the Adani group gave wild responses on seizure of drugs. The group said it is the duty of police and we don't maintain policing to take care of smuggling at ports. After that Shahrukh Khan's son Aryan Khan was caught in Mumbai by police in a rave party for having 4 grams of drugs along with others. ...