Global Outlook

 Prime Minister Narendra Modi today launched 5G services at the 6th Edition of India Mobile Congress 2022 event. It is a four-day event, which is being held at Pragati Maidan in New Delhi. The wait for 5G in India is finally over and users will be able to enjoy 5G services by Diwali. Several top companies like Airtel, Reliance Jio, and Qualcomm demonstrated their 5G services as well as their benefits of it to PM Narendra Modi. At the event, he also spent time understanding the indigenous development of end-to-end 5G technology, and how 5G can help bridge the gap between urban and rural healthcare delivery. The latest 5G network will not only offer faster internet speeds to users but will also help offer support to the government in areas such as disaster management, and agriculture, among others. Reliance Industries Chairman, Mukesh Ambani, announced that Jio will ensure to offer "the highest quality and most affordable rates that anyone else has in the world." The telecom op...

 The media identity of the United Arab Emirates (UAE) has been ranked first in the world in the “National Media Identity Performance Index” for the year 2022. The report on the classification of the strength of the national brand of media identities for countries, issued by Brand Finance International, the world's leading independent brand valuation consultancy, showed that the UAE has made remarkable progress in the value of its national media identity globally to rank 17th in the world, with an economic value of $773 billion. His Excellency Saeed Mohammed Al Eter, Head of the Media Office of the UAE Government , said that the recent ranking reflects the vision of the UAE’s leadership in consolidating a global image of the country that enjoys international recognition.  The head of the UAE Government Media Office revealed that Brand Finance International evaluated more than 100 countries around the world to classify the strength of the national brand of media identities. Acc...

 Shashi Tharoor, a prominent Congressman, and MP submitted his application for the position of Congress President on Friday at the AICC office in Delhi. "We have observed that the demonetization, historical unemployment, and inflation are not actually functioning correctly in our country. After submitting his nomination, senior Congress leader and MP Shashi Tharoor declared that the party should be the one to bring about change. "The nomination papers I filed show the incredibly broad variety of support given to me willingly by party workers throughout India . 50 signs and 5 forms have been submitted. The sixth form, which will bring the total to 60 (signs), is about to be submitted before 3 o'clock, he continued. The party members will select their new leader on October 17, and the decision will be made public two days later. Mallikarjun Kharge is now the other front-runner after Digvijay Singh and Ashok Gehlot withdrew from the race. Jharkhand Congress leader KN Tripat...

 Dubai has been named the world's most well-liked travel destination. It was by far the most popular travel destination on the well-known social media platform, according to TikTok Travel Index 2022 published by Bounce, with views for videos using the hashtag "Dubai" totaling over 81.8 billion. Dubai, which came in second in the previous year's index, overtook New York City for the top spot, overturning a sizable advantage and demonstrating just how much Dubai's popularity has increased. "Dubai, which is synonymous with money and elegance, has emerged as one of the top vacation spots for people looking to unwind in style while basking in the sun. Some of the most amazing buildings in the world may be found in this ultra-modern metropolis,” according to usebounce.com. 7.28 million more tourists visited the emirate last year, up 32%. During the first five months of 2022, 6.17 million foreign overnight visitors were recorded. Following Covid-19, Dubai's tou...

 Tesla CEO, Elon Musk, is scheduled to be questioned under oath by Twitter Inc lawyers on October 6-7, according to a Tuesday court filing. The company prepares for a trial next month over Musk ’s bid to walk away from a $44 billion takeover deal. Elon Musk and the social media giant are conducting dozens of depositions and reviewing thousands of documents for the five-day trial starting October 17 in Wilmington, Delaware. Musk's deposition was originally scheduled for this week. However, the sources close to the litigation said that the timing of the interview was always subject to change because of the fast-tracked nature of the litigation. Reportedly, Musk's deposition is expected to be a key part of the litigation. Twitter's legal team is expected to show that Musk abandoned the deal due to falling financial markets. In the Elon Musk vs Twitter buyout battle, Twitter wants McCormick to order Musk to close the deal at the agreed price of $54.20 per share. The Tesla owner...

 Due to the UAE's monetary and digital infrastructure as well as the fact that the market is more stable at the moment, contributors to the "Wiki Monetary" convention, which began yesterday in Dubai, confirmed that the country can develop into a regional hub for brokerage firms engaged in the cryptocurrency market. People stated that the UAE and Dubai had made significant progress in developing the blockchain networks that can be relied upon for digital currency trading, strengthening transparency in this developing industry and boosting consumer confidence. They concluded that the UAE and Dubai market is a sizable and attractive market for cryptocurrency trading since it fosters the growth of businesses and draws intermediaries engaged in the industry. They stated that the state wants to develop laws and regulations to protect the rights of sellers in this industry and ensure transaction transparency and that the circulation of cryptocurrencies within the UAE is increasi...

  German Chancellor, Olaf Scholz, arrived in Abu Dhabi, the capital of the United Arab Emirates (UAE), on Saturday on a working visit to the country.  Upon his arrival at the Presidential Terminal of the Abu Dhabi International Airport, Scholz was welcomed by Mariam bint Mohammed Almheiri, Minister of Climate Change and the Environment, and various other officials.  During the German Chancellor’s visit to the UAE, Germany and the UAE explored paths to advance cooperation to new heights in the energy, sustainability, and investment sectors. Germany and UAE’s leaders held a meeting. Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade of the UAE, led the UAE's delegation to the roundtable meeting, while the German side was headed by Dr. Franziska Brantner, State Secretary at the Federal Ministry for Economic Affairs and Climate Action of Germany. Mohammad Ali Al Shurafa, Chairman of the Abu Dhabi Department of Economic Development, attended the meeting along ...

 In a minor win for the world’s richest man, Elon Musk , a US court has allowed his legal team to make a case that a $7.75 million severance payment to Peiter 'Mudge' Zatko, Twitter's former head of security, allows him to terminate the Twitter’s $44 billion takeover deal. Judge Kathleen McCormick of the Delaware Court of Chancery in the US ruled in the latest filing that the Tesla CEO can amend his counterclaims to include the payment to Zatko. The court also agreed on a request by the social media giant, Twitter , for details about whether Musk or his associates knew about Zatko's claims before he took them to the public. The judge also ordered Musk's legal team to provide any documents being requested by Twitter regarding any communications by Musk with Zatko. The social media giant is facing larger scrutiny from the governments after Zatko claimed that the company had negligent security practices. In July, Zatko filed his 86-page redacted report about Twitter to...

 ‘Riverdale’ fame Ryan Grantham has been sentenced to life behind bars without the possibility of parole for 14 years for the murder of his mother in 2020. The by-the-book second-degree murder punishment was handed down by British Columbia Supreme Court Justice Kathleen Ker on September 21 in Vancouver, a city in Canada. Reportedly, a second-degree murder charge in B.C. comes with no parole eligibility of between 10 and 25 years. Actor Grantham turned himself to police soon after shooting his 64-year-old mother Barbara Waite in the back of the head on March 31, 2020, in the family’s Squamish home. Grantham also took a video of the body and confessed to the killing on camera. “I killed my mother,” he bluntly declared to police at the front desk of the station. According to media reports, Grantham has been in custody for the past two and a half years.  Prosecutors earlier recommended in a sentencing hearing that Grantham receive parole ineligibility of up to 18 years. Grantham’s...

 In the monetary year FY 2021-22, Indian commodities to the GCC expanded by 44% to $43.9 billion from $27.8 billion in the last monetary year 2020-21. As per the Federation of Indian Export Organization (FIEO), the nation's product advancement committee's top body, the UAE ruled the exchange with a 68% expansion in esteem, esteemed at $28 billion contrasted with $16.7 billion every 2021. In a proclamation at the special exhibition, Super Sourcing Dubai (SSD), co-situated with Propaper Dubai 2022 occurring at Celebration Field, Dubai Celebration City during Sept.20-22, top FIEO authorities said paper and united items products to the GCC contacted $638 million out of 2021 with the UAE taking a significant offer in the exchange at $386 million. Dr. Ajay Sahai is the Chief General and President of FIEO. He expressed, "Our commodity execution in the GCC in the monetary year 2021-22 has been brilliant. Aside from the UAE, our commodities to Saudi Arabia expanded by 49%, Oman by ...