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International Current Affairs

  • 18-Mar-2020
  • Philippines becomes 1st country to suspend all financial markets

    The Phillipines has become the first country of the world to suspend all financial markets. The financial shutdown was confirmed from the statements from the Philippine Stock Exchange and the Bankers Association of the Philippines. The Philippine Stock Exchange was closed on 17th of March indefinitely, while currency and bond trading were suspended. The decision to suspend the financial markets was taken in response to the coronavirus pandemic. Phillipines authorities cited risks to the safety of traders as the key reason of shutdown.

    The decision to suspend the financial markets is expected to be followed by other exchanges amid a broad lockdown in the Philippines.

  • Top tech giants to jointly fight against COVID-19 misinformation

    The top tech giants of the world will jointly fight against the fake news and misinformation related to COVID-19 on their platforms. The top giants which have announced a fight against the fake news includes Facebook, Google, LinkedIn, Microsoft, Reddit, Twitter and YouTube. These companies are working closely to have a check on the fake news and misinformation related to COVID-19.

    These companies are jointly combating fraud and misinformation about the virus as well as elevating authoritative content on their platforms. They are also focusing on sharing the critical updates in coordination with government healthcare agencies around the world.

    Among the above tech giants, Facebook and Instagram have already started banning the ads and commerce listings selling medical face masks on their platforms to stop people from exploiting the emergency caused by COVID-19  pandemic.

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