Category: 🗞News

On Monday, a majority of the shareholders voted to sell the social media platform Twitter to Elon Musk at a price of $44 billion. The deadline to vote on this topic was Tuesday, but the shareholders voted on Monday and cleared things on time. While the resources said that the anonymity ahead said that there is not any official announcement made yet. The Twitter representatives, and Musk, did not immediately report the requests and the comments. 

 

Elon musk informed Twitter that he will not go ahead with the acquisition, he was misled over the spam accounts on the platform and he was not notified to pay a settlement the company reached with one of its top executives. These are the two sides that will be scheduled to battle it out in court next month. 

 

But the shareholders are widely expected to vote in favor of Musk as they made a deal of $54.20 per share for Twitter. And it was signed in April, which looks pricey in the current scenario. On Monday, Twitter said payments made to a whistleblower did not breach any terms of its sale as he is the world’s richest man and made another attempt to scrap the deal. 

 

The Twitter lawyer even said that Musk made the reasons to want to back out of the deal as it was invalid and wrongful. 

 

FAQ

• At which price is the twitter share hovering?

Ans. $41

• What is the deadline to vote?

Ans. Tuesday 

• On which day, do the shareholders vote?

Ans. Monday 

According to a UN report, modern slavery is a growing challenge. The International Labour Organisation suggests that about 50 million people, or every person out of 150 people alive, are trapped in forced labor or forced marriages. If you see the number five years ago, it was 10 million. ILO said that these facts are very shocking and worse as well. The director general, Guy Ryder, said that nothing can justify the persistence of this fundamental abuse of human rights. 

 

He also said that we all know what needs to be done and a hands-on deck approach is needed. Trade unions, employers’ organizations, civil society, and ordinary people all have critical roles to play. 

 

The UN labor organization mainly stresses that slavery is not confined to poor countries far away from the western world. And more than half of all the forced labor happens in wealthier countries and the upper middle-income bracket.

 

We consider forced labor and forced marriages to have the same criteria because they are both situations where a person cannot leave because of threats, deception, violence, and abuse of power. Reports say that the entrapment in forced labor can last years, while in most cases, forced marriage is a life sentence. 

 

A total of 27.6 million people are under forced labor, which includes about 3.3 million children. These children are subjected to commercial sexual exploitation,n which is not good for their physical and mental health. About 22 million people are in forced marriage and two third of the women and victims are under 15 at the time of marriage. 

 

FAQ

• How many people are forced into marriage?

Ans. 22 million 

• What is the number showing forced labor?

Ans. 27.6 million 

• Who is the director general?

Ans. Guy Ryder

The Biden administration is planning to broaden the curbs on US shipments to China of semiconductors used for artificial intelligence and chipmaking tools, as several people familiar with the matter said. 

 

The commerce department also intends to publish the new regulations based on the restrictions communicated in the letters earlier to the three US companies, including KLA Corp, Lam Research Corp, and Applied Material Inc. The people said they speaking on the condition of anonymity. The plans for the new rules have not been previously reported as well. 

 

The letters forbade them from exporting the chipmaking equipment to the Chinese factories that produce the advanced semiconductors. It will be with the sub-14 nanometer processes unless the sellers obtain the commerce department licenses. The rules will also codify the restrictions in commerce department letters sent to Nvidia Corp and Advanced Micro Devices. Last month, they instructed them to halt the shipments of several artificial; intelligence computing chips to China unless they obtained the licenses. 

 

Some sources also said that the regulations will likely include additional actions against China, the restrictions will also be changed, and the rules will be published later than expected.  

 

The letter’s introduction rules will also broaden the reach, and it could subject the other US companies that produce similar technology to the restrictions. The regulations can also apply to the companies that try to challenge Nvidia and AMD’s dominance in artificial intelligence chips. 

 

FAQ

• Who is planning to broaden the curbs on US shipment to china of semiconductors?

Ans. Biden administration 

• List three US Companies.

Ans. KLA Corp, Lam Research Corp, and Applied Material Inc.

• What type of semiconductor do they prefer?

Ans. 14 nanometer 

Local reports say that Japanese officials may further relax border controls for foreign travelers as it is a way to boost their economy. Seiji Kihara, the deputy chief cabinet secretary, said that the weak yen was the most effective and attractive for inbound tourism. 

 

The yen slid to the lowest point against the US dollar in 24 years last week. It dropped about 1.7 percent. He said that this situation will lead to a cap on daily entries that could be lifted in the “not so distant future”.

 

Japan had barred foreign visitors because of the measures to slow the spread of COVID in the last two years. Overseas, the visitors were even banned from the delayed 2020 Tokyo Olympic games last year by Japan. The country now has about 50,000 foreigners, up from 20,000, and they are no longer required to travel with a guide. 

 

A few reports suggest the government may scrap the daily cap on tourist arrivals altogether. The US dollar will gain strength against other currencies as investors keep a watchful eye on the Federal Reserve interest rate hikes. 

 

FAQ

• Which currency is gaining strength against the other currencies?

Ans. US dollar

• How many tourists can go to Japan after the tourist limit increment?

Ans. 50,000

• Who is the chief cabinet secretary of Japan?

Ans. Seiji Kihara

Kamala Harris’s words at a NASA event:

Space remains a place of undiscovered and unrealized opportunity, and it is our responsibility to work together to guide humanity forward into this new frontier and to realize the incredible potential of space for all people. Space can and must be protected for the benefit of all people. There is so much we still don’t know and so much we still haven’t done. 

There was a national space council meeting held at NASA’s Johnson Space Center in Houston on Friday. The Vice President also underscored the important research conducted on the international space station that will enable long-duration stays on the moon and future human missions. 

For more than 50 years, NASA satellites have provided open-source and publicly available data on the earth’s land, temperature, and weather. Let us tell you that Bill Nelson, the administrator of NASA, said that the new earth information will allow the public to see the way the earth moves and also guide decision makers to mitigate and adapt. 

Nelson’s words:

Just like we use mission control to monitor operations during spaceflight, we’re embarking on this effort to monitor conditions here on our home planet, and it will be available to everyone in an easy-to-access format. 

The planning of the Earth information center is or we can say that in the initial phase, it will provide you with an interactive visual display of imagery and data from NASA. 

FAQ

• Who is the administrator of NASA?

Ans. Bill Nelson 

• When did Kamala Harris deliver words at NASA?

Ans. Friday 

• Where does NASA’s national space council meeting take place?

Ans. Johnson space center in Houston