Week 45 of 2021 – YPF Around the Globe (English)

Timeframe: November 12th – November 18th, 2021

To read the Bangla version, click here

Adiba Tahsin, Mansib Khan, Sabyasachi Karamker,  and Farhan Uddin Ahmed.

1. Economics & Business

China defeats USA to become the richest nation

The valuation of worth has tripled around the globe in the last two decades. China took over the position of the USA to become the world’s richest nation. China accounted for one-third of the increase and the country’s wealth boosted from $7 trillion in 2000 to $120 trillion. In both countries (the world’s biggest economies) more than two-thirds of the wealth is held by the richest 10% of households, and their share has been increasing according to a most recent report by McKinsey.

Source: TBS

2. Politics

Japan looks to accept more foreigners in key policy shift

In a major shift for a country long closed to immigrants, Japan is looking to allow foreigners in certain blue-collar jobs to stay indefinitely starting as early as the 2022 fiscal year, a justice ministry official said on Thursday.
Under a law that took effect in 2019, a category of “specified skilled workers” in 14 sectors such as farming, nursing care, and sanitation have been granted visas but stays have been limited to five years and without family members for workers in all but the construction and shipbuilding sectors.

Source: Reuters

More migrants try to enter Poland from Belarus in East-West standoff

Poland said on Thursday the number of attempts to cross its border from Belarus had risen, while thousands of migrants remained trapped on the frontier in frozen woods in a standoff between East and West. The migrants, many of them from Iraq, have been barred either from entering Poland or returning into Belarus, though some were due to return to Iraq on a first flight from the Belarusian capital Minsk later on Thursday.

Source: Reuters

3. Science & Technology

Great Leap Forward: China Plans to Leapfrog the US in Fundamental Tech

Amidst trade wars and protectionist policies against a subversive Chinese espionage operation, a committee has been drawn up to find local sources of semiconductors, cloud, and more. As part of China’s ambition to become by 2025 the leader in semiconductors, AI and Big Data, this attempt plans to become dominant in the $125 billion potential market.

Source: Bloomberg

4. Environment

COP26 closes with ‘compromise’ deal on climate, but it’s not enough, says UN chief

The UN chief said that it is time for the “emergency mode” as in, ending fossil fuel subsidies, phasing out coal, putting a price on carbon, protecting vulnerable communities, and delivering the $100 billion climate finance commitment. We still do not seem to achieve these goals but we have some building blocks through this climate change conference. The COP26 calls the 197 countries to report their progress towards the journey of climate ambition in the next climate conference which is yet to be held in Egypt – COP27.

Source: UN

COVID Waste: Plastic pollution rises sharply as the pandemic brings on new challenges to recycling

25,900 tonnes of PPE have dropped into the ocean as per a PNAS study, with most of the mismanaged PPE resting on the sea bed and beaches. About 73% of these plastics are emanating from Asian rivers, showing how the pandemic is leading to a myriad of environmental challenges.

Source: The Guardian

Disclaimer: The information provided here is obtained solely from the third parties mentioned above. Youth Policy Forum (YPF) is not responsible for any misinformation or misrepresentation.

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