Israel and the United Arab Emirates signed the first Arab free trade deal

Israel has inked its first free trade agreement with an Arab country, with the UAE.
The agreement was signed in Dubai by Orna Barbivay and Abdalla Bin Touq Al Marri.
Israel has inked its first free trade agreement with an Arab country, with the
United Arab Emirates (UAE). The agreement was signed in Dubai by Israel�s Economy
and Industry Minister Orna Barbivay and the UAE�s Economy Minister Abdalla Bin Touq
Al Marri. According to an official statement released by Israel�s Ministry of
Economy and Industry, the comprehensive, significant, and ground-breaking agreement
is expected to increase bilateral trade in goods and services, increase Israeli
exports to the United Arab Emirates, and provide customs exemption on 96% of trade
between the countries: food, agriculture, cosmetics, medical equipment, medication,
and more.

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KEY POINTS:

Regulatory and standardisation concerns, customs, collaboration, government

procurement, e-commerce, and intellectual property rights are all covered under the
agreement.
This is a crucial visit for the State of Israel�s commercial relations with the
United Arab Emirates, the first free trade zone deal with an Arab country.
The free trade zone agreement they signed this morning is expected to improve
bilateral commerce, remove barriers, and create new economic possibilities and
collaborations, all of which will serve as a foundation for our common road
forward.
The commercial pact with Israel will usher in a new era in the Middle East. This
agreement will boost economic growth and reinforce the notion that working together
is the only way to build long-term, sustainable economies in a complicated
environment.
This arrangement signifies much bigger than just business: the value of strong
collaborations. Our agreement will demonstrate to countries and governments all
across the world that collaboration and conversation are the most effective ways to
turn obstacles into opportunities.

New law introduced in Canada aims to �freeze� handgun ownership

Canadian Prime Minister Justin Trudeau has unveiled new legislation that would
implement "some of the harshest gun control measures" in decades, including a
"freeze".
Canadian Prime Minister Justin Trudeau has unveiled new legislation that would
implement �some of the harshest gun control measures� in decades, including a
�freeze� on the country�s handgun purchases and sales. Trudeau cited a succession
of mass shootings in Canada over the years, as well as recent assaults in the
United States, as part of his government�s motivation to propose Bill C-21 during a
press conference in Ottawa.

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About Canada Gun Ownership:

Canada has stronger gun ownership laws than the United States, gun control
supporters have campaigned for tougher regulations in recent years in the wake of a
number of mass shootings, including a 2017 attack on a Quebec mosque that killed
six worshipers and a fatal shooting in Toronto in 2018.
The AR-15 weapon, which was used by a shooter to murder 26 adults and children in
the Sandy Hook tragedy in the United States in 2012, and the Ruger Mini-14 rifle,
which was used by a gunman to murder 14 women at a Montreal engineering school in
1989, were among those banned.
Long-gun magazines will also be permanently changed so that they can never store
more than five rounds, and the sale and transfer of large-capacity magazines would
be prohibited.
Important Takeaways For All Competitive Exams:

Canadian Prime Minister: Justin Trudeau

Canada is a country in North America�s northwestern region.
It is the world�s second-largest country by total size, with a total area of
9,984,670 square kilometres.
Falling behind Russia and just edging out China and the US.
Its capital is Ottawa, while its largest city is Toronto.
Its official languages are English and French.
Its official currency is the Canadian dollar ($) (CAD). Its sole land bordering
country is the United States, with whom it shares the world�s longest land border.

Indian-origin academic appointed to Bank of England�s monetary panel

Leading UK-based academic, Dr Swati Dhingra has been named as the first Indian-
origin woman to be appointed as an external member of the Bank of England's
interest rate-setting committee.

Posted bySumit Arora Published On June 1st, 2022

Indian-origin academic appointed to Bank of England's monetary panel_40.1
Leading UK-based academic, Dr Swati Dhingra has been named as the first Indian-
origin woman to be appointed as an external member of the Bank of England�s
interest rate-setting committee. Dhingra will replace current external member,
Michael Saunders, who has been on the MPC since August 2016.

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According to the UK government�s Treasury Department, the appointment of external

members to the MPC is designed to ensure that the committee benefits from thinking
and expertise in addition to that gained inside the Bank.

Who is Dr Swati Dhingra?

Dhingra, who studied at the University of Delhi and got her Masters�s from the
Delhi School of Economics, will join the Monetary Policy Committee (MPC) on August
9 for a three-year term. Dhingra is an Associate Professor of Economics at the
London School of Economics (LSE) having specialisation in international economics
and applied microeconomics.

About the Bank of England:

The Bank of England�s independent MPC makes decisions about the operation of the
monetary policy of the UK. It comprises the Governor of the Bank of England, its
three Deputy Governors, one member of the Bank with responsibility for monetary
policy and four external members who are appointed by the Chancellor.

Important takeaways for all competitive exams:

The Governor of the Bank of England: Andrew Bailey.

COVAX: Bangladesh now the top recipient of Covid vaccines

After a year and a few months, more than 11.7 crore individuals, or almost 69
percent of Bangladesh's population, have received two doses of the vaccine.

Posted byMadhavi Gaur Published On June 1st, 2022

COVAX: Bangladesh now the top recipient of Covid vaccines_40.1
The COVAX facility, which is a worldwide effort co-led by the Coalition for
Epidemic Preparedness Innovation, Gavi, the Vaccine Alliance, and the World Health
Organization, with UNICEF as a key delivery partner, has received approximately 190
million doses of COVID 19 vaccines. COVAX is responsible for more than 62 percent
of the doses delivered to Bangladesh.

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KEY POINTS:

UNICEF delivered the first COVAX consignment of vaccinations on June 1 last year,
following the start of COVID 19 vaccination in Bangladesh in February 2021. Only 4%
of Bangladesh�s population had been properly vaccinated at the time.
After a year and a few months, more than 11.7 crore individuals, or 69 percent of
Bangladesh�s population, have received two doses of the vaccine.
Sheldon Yett, the UNICEF Representative in Bangladesh, said the success in putting
millions of vaccines into the hands of people in every corner of the country has
been nothing short of astounding.
UNICEF has also aided the Government�s COVID-19 response by bolstering the cold and
ultra-cold chains, delivering crucial supplies, stimulating demand, assisting with
data management, and bolstering vaccine administration capability.

US Frontier Overtakes Japan�s Fugaku As World�s Most Powerful Supercomputer

According to the 59th edition of the Top500 list of the world�s most powerful
supercomputers unveiled by Germany, ORNL�s Supercomputer Frontier from the US.

Posted bySumit Arora Published On June 2nd, 2022

US Frontier Overtakes Japan's Fugaku As World's Most Powerful Supercomputer_40.1
According to the 59th edition of the Top500 list of the world�s most powerful
supercomputers unveiled by Germany, ORNL�s Supercomputer Frontier from the US, a
supercomputer built using Hewlett Packard Enterprise (HPE) architecture and
equipped with Advanced Micro Devices (AMD) processors, outperformed Japan�s
Supercomputer Fugaku to become the world�s fastest supercomputer.

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Frontier�s nearest competitor, Fugaku, has a performance score of 442 petaflops on

the Linpack benchmark, a standard for officially ranking global, publicly disclosed
supercomputers. While Fugaku was based on Arm�s core designs, US�s Frontier is
powered by AMD.

The supercomputer: Frontier

The supercomputer � Frontier, which was built for the US Department of Energy�s Oak
Ridge National Laboratory (ORNL), has broken the exascale speed barrier with a
Linmark benchmark score of 1.1 exaflops, making it the world�s first supercomputer
to do so. Whereas, 1 exaflop is equivalent to 1,000 petaflops.
Frontier features a total of 8,730,112 cores and is designed on the newest HPE Cray
EX235a architecture with AMD EPYC 64C 2GHz processors.
Frontier is also ranked number one as the world�s most energy-efficient
supercomputer, on the Green500 list.
UN approves Turkey�s request to change name to Turkiye
The United Nations has changed the Republic of Turkey�s country name at the
organisation from �Turkey� to �T�rkiye�, following a request from Ankara for the
change.

Posted bySumit Arora Last updated on June 6th, 2022 03:42 pm

UN approves Turkey's request to change name to Turkiye_40.1
The United Nations has changed the Republic of Turkey�s country name at the
organisation from �Turkey� to �T�rkiye�, following a request from Ankara for the
change. UN spokesman Stephane Dujarric had been received from the Turkish foreign
minister Mevlut Cavusoglu addressed to Secretary-General Antonio Guterres,
requesting the use of �T�rkiye� instead of �Turkey� for all affairs.

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Turkey began the move to change its internationally recognised official name in
English to T�rkiye in December after Turkish President Recep Tayyip Erdogan
released a memorandum and asked the public to use T�rkiye to describe the country
in every language. T�rkiye is the best representation and expression of the Turkish
people�s culture, civilization and values.

Important takeaways for all competitive exams:

Turkiye Capital: Ankara;

President of Turkiye: Recep Tayyip Erdogan;
Turkiye Currency: Turkish lira.

India-Bangladesh joint military Sampriti-X exercise begins

India-Bangladesh bilateral defence cooperation, a joint military training exercise
Ex SAMPRITI-X is being conducted at Jashore Military Station in Bangladesh from 05
June to 16 June 2022.

Posted bySumit Arora Published On June 6th, 2022

India-Bangladesh joint military Sampriti-X exercise begins_40.1
India-Bangladesh bilateral defence cooperation, a joint military training exercise
Ex SAMPRITI-X is being conducted at Jashore Military Station in Bangladesh from 05
June to 16 June 2022. The aim of the exercise is to strengthen interoperability
between the two armies and to understand each other�s tactical drills and
operational techniques.

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About the Ex SAMPRITI-X:

The Indian contingent of company strength is being represented by a Battalion of

the DOGRA Regiment and the contingent departed by road for the exercise location on
4 Jun 2022.
During the joint military exercise Ex Sampriti-X, armies of both the Nations will
share expertise in multiple simulated scenarios of Counter Terrorism, Humanitarian
Assistance & Disaster Relief and UN Peacekeeping Force under UN mandate.
Exercise Sampriti is an important bilateral defence cooperation endeavour conducted
alternately by both countries which aims to strengthen and widen the aspects of
interoperability and cooperation between both the armies.
India & Canada inked MoU on Climate Action for Stronger Cooperation
On the sidelines of the Stockholm+50 summit, Union Environment Minister Bhupender
Yadav and his Canadian colleague Steven Guilbeault signed a Memorandum of
Understanding (MoU).

Posted byMadhavi Gaur Published On June 7th, 2022

India & Canada inked MoU on Climate Action for Stronger Cooperation_40.1
India and Canada have signed a memorandum of understanding to strengthen bilateral
collaboration on climate change, environmental preservation, and conservation. On
the sidelines of the Stockholm+50 summit, Union Environment Minister Bhupender
Yadav and his Canadian colleague Steven Guilbeault signed a Memorandum of
Understanding (MoU).

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Key Points:

The gathering is being hosted to honour the 50th anniversary of the Stockholm
Summit, the world�s first environmental conference.
Under the terms of the agreement, the two countries will work together, share
information and expertise, and support each other�s goals in a variety of areas,
including increasing renewable energy capacity, decarbonizing heavy industries,
reducing plastic pollution, promoting chemical safety, and ensuring sustainable
consumption.
About Stockholm+50 summit:

The Stockholm+50 Summit, which will take place in Stockholm in June 2022, will
bring together leaders of state and government to commemorate the 50th anniversary
of the Stockholm Conference. This summit, which is based on the Decade of Action,
comes after months of deliberations and talks with governments, organizations, and
civil society participants.

NATO conducts naval exercises in Baltic Sea with NATO allies and partners
U.S.-led naval exercise in the Baltic Sea, more than 7,000 sailors, airmen, and
marines from 16 nations, including two aspiring NATO members, Finland and Sweden,
began a nearly two-week.

Posted byMadhavi Gaur Published On June 7th, 2022

NATO conducts naval exercises in Baltic Sea with NATO allies and partners_40.1
U.S.-led naval exercise in the Baltic Sea, more than 7,000 sailors, airmen, and
marines from 16 nations, including two aspiring NATO members, Finland and Sweden,
began a nearly two-week. BALTOPS, an annual naval exercise that began in 1972, is
not performed in response to any specific danger. However, NATO stated that �with
both Sweden and Finland participating, NATO is embracing the opportunity in an
unpredictable world to increase its combined force resilience and strength� in
collaboration with two Nordic aspirant countries.

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About U.S.-led naval exercise in the Baltic Sea:

Both Finland and Sweden had a lengthy tradition of military non-alignment before
their governments chose to apply to join NATO in May, in response to Russia�s
invasion of Ukraine on February 24.
Moscow has frequently cautioned Helsinki and Stockholm not to join the Western
military alliance, threatening harsh measures if they do so.
The top US military officer stated in Sweden, the host of the BALTOPS 22 exercise,
that it was especially vital for NATO to express support to the governments in
Helsinki and Stockholm, ahead of the naval practice, which comprised 45 vessels and
75 aircraft.
Turkey, a NATO member with strong relations with Russia, has expressed opposition
to Finland and Sweden joining the military alliance, citing their suspected backing
for a Kurdish militia that Turkey considers a terrorist organization.
The NATO head has been attempting to mediate the conflict. Finland and Sweden, as
close NATO allies, have participated in the naval exercise since the mid-1990s.
BALTOPS 22 is expected to arrive at Kiel, Germany, on June 17th.
XX