Your World Today is NewsMobile’s daily edition, that brings to you a gist of all the top global developments. The top international developments today are:
- Former Vice President Joe Biden has won Connecticut’s presidential primary on Tuesday, the final presidential primary of the year, The Hill reported.
Hours after Biden announced Senator Kamala Harris as his running mate, he won 84 per cent of the vote with 23 per cent of precincts reporting. Besides, Donald Trump also won the GOP primary in Connecticut with more than 86 per cent of the vote based on initial results, according to The Hill.
- The United States has made an agreement with the pharmaceutical company Moderna to deliver 100 million doses of their novel coronavirus vaccine once it becomes available, said President Donald Trump on Tuesday.
“This evening, I am pleased to announce that we have reached an agreement with Moderna to manufacture and deliver one hundred million doses of their coronavirus vaccine candidate,” Trump said on Tuesday evening while addressing reporters. Moderna said that the US government awarded the company USD 1.5 billion for 100 million doses of its vaccine once it is ready. The vaccine is currently undergoing the phase of a clinical trial, which began on July 27.
- Amid the raging coronavirus pandemic, United Kingdom’s economic output shrank by 20.4 per cent in the second quarter of 2020.According to a CNN report, this is the worst quarterly slump on record, pushing the country into the deepest recession of any major global economy. The Coronavirus has adversely affected the economy globally with countries putting severe restrictions in order to contain the spread of the deadly virus.This crash in GDP in the April-June period is the worst since quarterly records began in 1955 and follows a 2.2 per cent contraction in the first quarter.
- With Saudi Arabia ending loan and oil supply to Pakistan, the decade-long friendship between the two countries has finally ended, reported Middle East Monitor.
Pakistan was also made to pay back USD 1 billion to Saudi Arabia, which was part of a $6.2 billion package announced by Saudi Arabia in November 2018, which included a total of $3 billion in loans and an oil credit facility amounting to $3.2 billion. The deals were then signed when Crown Prince Muhammed Bin Salman made a visit to Pakistan in February last year, the Middle East Monitor reported.
- The arrest of one of China’s top bankers, Lai Xiaomin, for taking USD 256 million in cash and gifts has revealed the rampant corruption in the government.
Lai Xiaomin was not only the chairman of China Huarong Asset Management but also served as the Communist Party chief inside the company. According to South China Morning Post, he was accused of exploiting various professional positions and accepting ill-gotten gains, including money and goods worth 1.79 billion yuan, of which 104 million yuan was eventually not received, between 2008 and 2018, when he headed Hong Kong-listed China Huarong Asset Management and was the director-general of the People’s Bank of China’s banking supervision department.
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