Klips for 29th Aug

World 🌎 | Boris Johnson to suspend British parliament
– Parliament will be suspended from mid-Sept to mid-Oct reducing the chance for debating Brexit
– The Queen’s Speech, as it is called, will be held on 14th Oct after which Parliament will be suspended
– This also increases the chance of a no-confidence vote against Johnson’s govt
Reuters: https://reut.rs/349FiUM

National 🇮🇳 | 🗣NSA-level meet today, France keen to sell second batch of 36 Rafales
– The first batch is expected to be delivered in Sept
IE: http://bit.ly/2UeTt6n

Economy & Business 💰 | Govt eases FDI norms for single-brand retail, 4 sectors
– Single-brand retailers, like Apple, can now set up online stores without first setting up physical stores
– Norms were also eased for digital media, coal mining, fuel sale & associated infrastructure
– Local sourcing norms were also eased and 100% FDI is now allowed in contract manufacturing
Reuters: https://reut.rs/34avXfd

Yes Bank falls 7% after Moody’s downgrade
– The bank’s planned capital raise fell short of expectations which led to the downgrade
– The stock has fallen 84% in one year
Livemint: http://bit.ly/2UcGKkr

Tech 📱 | Apple to gain significantly from India’s new FDI rules
– Apple likely to launch its own online store, without first having to set up physical stores
– Presently it sells via partnerships with resellers or Amazon and other e-comms
Techcrunch: https://tcrn.ch/2UcqOyI

Interesting: Tesla Unplugged – In Singapore, It’s Just Another Unwelcome Car
– ‘The world’s most-crowded cities need to rethink whether a personal vehicle – electric or not – is a future and a lifestyle around which they want to build at all.’
Bloomberg: https://bloom.bg/3476CDa

Opinion: Kashmir’s Information Vacuum
– A complete communication lockdown is less about ‘national security’ and more to do with quelling dissent
Hindu: http://bit.ly/346PkFX

🗣Interesting: The destruction of the Amazon is terrible news, but it won’t affect the world’s supply of oxygen
– The oft-cited claim that the Amazon fires will affect 20% of the world’s oxygen are misplaced.
Scroll: http://bit.ly/3479qQv

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