Week 10 of 2021 – YPF Around the Globe

Timeframe: 12th March-18th March 2021

Sabyasachi Karmaker, Musarrat Sarwar Chowdhury and Mahin Abrar Rahman.

1. Economics & Business

New York stays top in finance as London loses ground

In the latest Global Financial Centres Index (GFCI), New York maintained the top spot, with London clinging on to second position in the face of competition from Shanghai and other Asian financial centers. The China Development Institute and the Z/Yen Group, a London-based think tank, compiled the index, which looks at 143 yardsticks given by third parties such as the World Bank, the Economist Intelligence Unit, OECD and United Nations.

Source: Reuters

2. Politics

Suspect in Atlanta Spa Attacks is charged with 8 counts of murder

A gunman’s rampage that killed eight people, including six women of Asian descent, in the Atlanta area this week has set off a new wave of fear and outrage among Asian-Americans, coming in a year of anti-Asian violence across the country.

Source: The New York Times

3. Significant Corona Update

EU threatens ban on COVID vaccine exports to UK

With the number of COVID-related deaths in the EU topping 550,000 and less than a tenth of the bloc’s population inoculated, European Commission head Ursula von der Leyen threatened to ban exports of COVID-19 vaccines to Britain to safeguard scarce doses for EU citizens

Source: Reuters

4. Science & Technology

Intel moves to retrofit chips as they struggle to keep up

Intel has launched retrofit Intel processors for notebooks, which are intended to address shortage issues and help Intel stay afloat as notebook brands desert the company. According to the company, The Rocket Lake chips offer a 19% headline-rate gain over the last generation and add features that will help PCs keep up with the new gaming consoles.

Source: BBC

5. RMG/ Agriculture

Global textile yarns market to reach US $ 16.1 billion by 2027

According to a recent report released by ReportLinker named ‘Global Textile Yarns Industry’, the global market valuation for textile yarns is estimated at US $ 12.20 billion in the year 2020. The report also forecasts it to reach US$16.10billion by 2027, growing at a CAGR of 4.10 per cent over the period 2020-2027. Artificial textile yarns, one of the segments analysed in the report, are projected to record 4.30 per cent CAGR and reach US$9.80billion by the end of the analysis period (2027).

Source: RMG BD

6. Social and Education

Japan court ruled the country’s ban on same-sex marriage as unconstitutional

Although Japan’s constitution defines marriage as one between “both sexes”, a Sapporo court ruled that this denied the couples constitutionally-guaranteed equality.

Source: BBC

7. Environment

Scientists discover plants buried deep beneath Greenland’s ice sheet

Scientists have made the surprising discovery of fossilized plants 1.4 km (0.9 miles) beneath the Greenland Ice Sheet. The discovery helps confirm a new and disturbing understanding that the Greenland Ice Sheet has melted entirely during recent warm cycles in Earth’s history — like the one we are now creating with human-caused climate change.

Source: New Atlas

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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