Highlights of major events that took place this week:
World
China-Vietnam face-off : The latest face-off between Vietnam and China reached epic proportions. Vietnam's naval ships and Chinese vessels collided in the South China Sea after a Chinese attempt to establish an oil rig in an area claimed by both countries. Vietnamese officials claimed Chinese ships intentionally rammed their vessels and used water cannons. The Chinese have defended their stance saying that Vietnamese ships have rammed Chinese vessels 171 times.
School girls abduction in Nigeria : The kidnapping of the 276 schoolgirls from their dormitories in Chibok, Borno state in Nigeria by Boko Haram militants on April 14 has sparked international outrage and offers of help. Boko Haram has demanded the release of imprisoned militants in exchange for the girls. Nigeria said it was considering a prisoner exchange to rescue the girls. The US has sent a special task force to Nigeria to help find and rescue the girls.
Publicis-Omnicom de-merged : Two of the world’s biggest advertising firms, Publicis and Omnicom, have scrapped their planned merger. The merger, announced last year, would have created the world's biggest ad firm worth $35.1bn (£22.8bn).
Pakistan Polio scare: Polio, long been considered as a disease of the poor in Pakistan, has become a cause of confusion and concern for the wealthy. A WHO recommendation that travelers not leave Pakistan without a polio vaccination certificate has caused confusion among air travel customers. Doctors, clinics and hospitals have been filled with inquiries. The WHO has declared a Polio emergency last week, identifying Pakistan, Syria and Cameroon as the world's reservoirs of Polio.
India
Card payment system RuPay : RuPay, India’s first indigenous card-payment network was launched recently by the President of India Mr. Pranab Mukherjee. RuPay cards are accepted at all ATMs, more than 90 percent of ‘Point of Sale’ (POS) terminals and more than 10,000 e-commerce merchants across the country.
India's new army chief : The defence ministry has decided to go ahead with the process of appointing the new army chief as it recommended the name of Vice Chief of Army Staff Let. General Dalbir Singh Suhag for the top post. Dalbir will succeed General Bikram Singh who is retiring on July 31st.
Minors can operate bank accounts : The Reserve Bank of India has allowed minors above 10 years of age to open and operate savings bank accounts independently and also use facilities like ATMs and cheque books.
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