Current Affairs

Google fined a record $5 billion by the EU for Android antitrust violations

Google has been hit with a record-breaking €4.3 billion ($5 billion) fine by EU regulators for breaking antitrust laws. The European Commission says Google has abused its Android market dominance in three key areas. Google has been bundling its search engine and Chrome apps into the operating system. Google has also blocked phone makers from creating devices that run forked versions of Android, and it “made payments to certain large manufacturers and mobile network operators” to exclusively bundle the Google search app on handsets.

The European Commission now wants Google to bring its “illegal conduct to an end in an effective manner within 90 days of the decision.” That means Google will need to stop forcing manufacturers to preinstall Chrome and Google search in order to offer the Google Play Store on handsets. Google will also need to stop preventing phone makers from using forked versions of Android, as the commission says Google “did not provide any credible evidence that Android forks would be affected by technical failures or fail to support apps.” Google’s illegal payments for app bundling ceased in 2014 after the EU started to look into the issue.



Javelin thrower Neeraj Chopra strikes gold at Sotteville athletics meet

India's javelin star, Neeraj Chopra struck Gold in the Sotteville Athletics meet in France on Tuesday night. Chopra, who had won the gold medal at the Commonwealth Games earlier this year, threw 85.17 metres to bag the top prize.

Neeraj is India's top javelin thrower and he proved his mettle once again on the international stage when he won the gold medal with a massive margin. While Neeraj Chopra threw a distance of 85.17 m, the second best was Adrian Mardare of Moldova who threw a distance of 81.48 m.

Neeraj's performance was brilliant as he did not falter in even a single attempt and completed each of his rounds. Even as his score of 85.17 m came in his fifth attempt, he came close to his eventual winning mark in his third attempt as well.



PV Sindhu's title drought in 2018 continues, loses to Nozomi Okuhara in Thailand Open final

BANGKOK: Olympic silver medallist P V Sindhu's title drought this year continued as she suffered a straight-game defeat against Japan's Nozomi Okuhara in the summit clash of the USD 350,000 Thailand Open World Tour Super 500 badminton tournament here today. 

Second seed Sindhu struggled with her consistency throughout the duel as fourth-seeded Okuhara dominated the proceedings to beat the Indian 21-15 21-18 in exactly 50 minutes. 

It was Sindhu's third disappointment in a final this year following her defeats in the summit clash of the India Open and Gold Coast Commonwealth Games. 

Sindhu, who had an ankle strain ahead of the CWG and missed the Uber Cup final, reached semifinal and quarterfinal in her last two tournaments -- in Malaysia and Indonesia -- before this one. 



Peru declares 60-day State of Emergency on its border with Colombia to secure area affected by drug trafficking

Lima: Peru has declared a 60-day state of emergency on its border with Colombia in order to guarantee security in a region rife with drug trafficking.

President Martin Vizcarra on Monday said the measure was "because there are security problems" created by Colombian citizens crossing the border and there was a need to "reestablish the state's presence."

Police and armed forces used five helicopters and three planes in joint operations with their Colombian counterparts in the first patrol in the area, Vizcarra said. "More than 50 people were arrested, most of them Colombians involved in illicit drug trafficking," he said.

The region in which the state of emergency has been declared is the Amazon basin province of Putumayo, separated from Colombia by the river of the same name, a tributary of the Amazon.



8-Year-Old Indian-Origin Yoga Champion Named 'British Indian Of The Year'

An eight-year-old Indian-origin schoolboy who is the under-11 UK national yoga champion has been named the 'British Indian of the Year' in the young achiever category for his accomplishments in the field.

Ishwar Sharma has won a string of titles in both individual and artistic yoga, most recently a gold medal representing Great Britain at the World Student Games 2018 in Winnipeg, Canada, in June.

"I believe I am competing with myself rather than anyone else, which makes me challenge myself to do the difficult postures," said the schoolboy, who studies at St Michael's Preparatory School in Kent.

"I will always be a student of yoga and am deeply grateful to my teachers for the wisdom they have shared with me," he said.



LIC Board Approves Acquisition Of Up To 51% Stake In IDBI Bank

New Delhi: Life Insurance Corporation's board board approved acquisition of up to 51 per cent stake in IDBI Bank by the insurance major, Economic Affairs Secretary SC Garg said on Monday.

Now the state-owned Life Insurance Corporation of India (LIC) will approach markets regulator Sebi (Securities and Exchange Board of India).

Insurance regulator Irdai has already given its approval to the insurer for the stake purchase.

Mr Garg said the board, which met here, approved LIC buying up to 51 per cent stake in IDBI Bank.

LIC stake buy will help the debt-ridden state-owned bank get a capital support of Rs. 10,000 crore- Rs. 13,000 crore.



IMF cuts India's growth forecast to 7.3% in 2018, 7.5% in 2019

The International Monetary Fund today projected a growth rate of 7.3% in 2018 and 7.5% in 2019 for India as against 6.7% in 2017, making it the fastest growing country among major economies.

However, the latest growth rate projection for India is slightly less -- 0.1% in 2018 and 0.3% in 2019 than its April projections.

India's growth rate is expected to rise from 6.7% in 2017 to 7.3% in 2018 and 7.5% in 2019, as drags from the currency exchange initiative and the introduction of the goods and services tax fade, said the IMF's latest World Economic Outlook (WEO) update.

The projection is 0.1 and 0.3 percentage points lower for 2018 and 2019, respectively, than in the April WEO, reflecting negative effects of higher oil prices on domestic demand and faster than-anticipated monetary policy tightening due to higher expected inflation, it said.

Despite this slight downgrade in its projections, India continues to outperform China, IMF's WEO update figures reflect. Growth in China is projected to moderate from 6.9% in 2017 to 6.6% in 2018 and 6.4% in 2019, as regulatory tightening of the financial sector takes hold and external demand softens, the report said.



FACEBOOK WILL NOT REMOVE FAKE NEWS BUT WILL DEMOTE IT FROM NEWS FEED

Facebook has said that it will not remove fake news from its platform because it does not violate its community standards. Instead, it says posts that it deems to be fake news will be "demoted" in the news feed.

The social network is currently running an advertising campaign in Britain that declares "fake news is not our friend". But it said publishers often had "very different points of view" and removing fabricated posts would be "contrary to the basic principles of free speech", the BBC reported on 13 July.

Facebook has been scrutinised for its role in spreading fake news after evidence emerged that Russia tried to influence US voters using the social network.

The company on 11 July held an event in New York where it sought to convince journalists it was tackling the problem.

"We created Facebook to be a place where different people can have a voice," John Hegeman from Facebook said while responding to CNN.

"We allow people to post it as a form of expression, but we're not going to show it at the top of News Feed," a Facebook spokeswoman told CNN.

The site had done a trial displaying a red warning icon next to articles that fact checkers had identified as false, but later said it found this approach had "entrenched deeply held beliefs".



France win FIFA World Cup in thrilling final with Croatia

  • France win World Cup for second time, after winning in 1998
  • Deschamps third person to win the World Cup as both player & manager
  • Mandzukic own goal, Griezmann pen (after VAR review), Pogba and Mbappe for France
  • Perisic and Mandzukic (from Lloris error) for Croatia
  • Modric named best player, Mbappe best young player, Courtois best goalkeeper


Novak Djokovic beats Kevin Anderson to win 4th Wimbledon, 13th Major

Novak Djokovic raced to a fourth Wimbledon title and 13th career Grand Slam crown on Sunday when he defeated a battling but exhausted Kevin Anderson 6-2, 6-2, 7-6 (7/3).

World number 21 Djokovic added the 2018 title to his wins in 2011, 2014 and 2015 as he became the lowest-ranked champion since Goran Ivanisevic in 2001.

It also took his Slam total to within one of Pete Sampras and just four behind the 17 of Rafael Nadal who he defeated in the semi-finals.