Indian Economy

World Bank downgrades 2022 global growth forecast to 4.1%
IANS -
"The global recovery is set to decelerate markedly amid continued Covid-19 flare-ups, diminished policy support, and lingering supply bottlenecks," the semiannual report added on Tuesday.
7 mn Omicron cases detected in Europe last week: WHO
IANS -
According to Hans Kluge, WHO Europe Director, 26 countries in the region reported that more than 1 per cent of their populations are being infected with Covid each week, The Telegraph reported. Kluge warned that there is now a "closing window of opportunity" for countries to prevent their health systems from being overwhelmed. He cited estimates from the Institute of Health Metrics at the University of Washington which projected that half of the population in Western Europe will be infected with Covid in the next six to eight weeks.
NATO again warns Russia of further military aggression against Ukraine
IANS -
Stoltenberg, at the beginning of what he described as an "important week for European security", highlighted the diplomatic efforts underway in search of a solution to prevent an armed conflict, during a joint press conference with Olga Stefanishyna, deputy prime minister for European and Euro-Atlantic integration of Ukraine, reports Ninhua news agency.
Yet to think about Pakistan Army chief Gen Bajwa’s tenure extension: Imran Khan
Newsmen News Desk -
PM Khan also said that the relationship between his government and the Pakistan Army has been “ideal”, as per a report by the Express Tribune. He added that the current tenure  of Gen Bajwa is due by November 28, 2022 and hence he does not feel the urgency to move fingers on the matter.
Covid-recovered at 3-5 times more Omicron reinfection risk: WHO
IANS -
According to Hans Henri P Kluge, the WHO's Regional Director for Europe, Omicron variant can evade previous immunity in people. "So it can still infect those who have had Covid-19 in the past, those who are unvaccinated, and those who were vaccinated many months ago," Kluge said in a recent note. "There are three things that we need to do urgently: protect ourselves through vaccination, prevent further infections,
Macron meets von der Leyen as France kicks off EU Council Presidency
IANS -
At a press conference, Macron outlined the French Presidency's agenda and said that Paris will focus on promoting the EU in the international community, pushing the digital transformation and protecting the EU's external borders, Xinhua news agency reported. Von der Leyen recalled the solidarity between European countries during the pandemic.
NATO ready for meaningful dialogue with Russia: Stoltenberg
IANS -
Addressing a press conference following the extraordinary meeting of NATO Ministers of Foreign Affairs, Stoltenberg on Friday said that the meeting addressed Russia's military build-up around Ukraine and the implications for European security, Xinhua news agency reported. He said Russia's actions "seriously undermine the security order" in Europe. "NATO remains committed to our dual-track approach to Russia: strong deterrence and defense, combined with meaningful dialogue."
Pelosi invites Biden to deliver State of the Union address on March 1
IANS -
"Indeed, this past year has been historic: with the life-saving American Rescue Plan, once-in-a-century Bipartisan Infrastructure Law and, soon, the truly transformational Build Back Better Act," Pelosi wrote in a letter to Biden. "In that spirit, I am writing to invite you to address a Joint Session of Congress on Tuesday, March 1, to share your vision of the State of the Union," Pelosi wrote.
Imran proven a thief and liar, must resign: Pak Oppn
IANS -
The Opposition leader said that under the Constitution of Pakistan and its laws, "no thief can be a Prime Minister". "Imran Niazi, who has been proven a thief and a liar under the law, must resign," said Sharif, who is the President of Pakistan Muslim League (N). "A person who hides facts, steals, and lies, cannot hold constitutional, governmental or political office," he said in a statement shared by PML-N on Twitter.
PLA to give out stones taken from Galwan Valley on Chinese social media
IANS -
PLA will give lucky winners a special gift sent by the command - a stone taken from the Galwan Valley, Global Times reported. The PLA theater command opened its official account on Twitter like Sina Weibo on Friday and released a notice that on February 1 it will randomly choose 10 lucky netizens from those who reposted the notice and send them a stone from the Galwan Valley as a present.
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