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December 07, 2023: National Current Affairs MCQs News
1. ADB approves $659m project funding
The Asian Development Bank (ADB) on Wednesday said it had approved $659 million for three separate projects to be implemented by the federal government, Sindh and Khyber Pakhtunkhwa provinces for more inclusive and sustainable growth and development.
In a statement, the Manilabased lending agency said the projects will focus on improving domestic resource mobilisation, rehabilitating schools damaged by the devastating August 2022 floods and enhancing agricultural productivity to improve food security
2. PIA plans to raze Roosevelt Hotel, Senate panel told
Pakistan International Airlines (PIA) intends to demolish the iconic Roosevelt Hotel in New York City to pave the way for the construction of a new hotel through a joint venture, a representative of the Aviation Division informed the Senate Standing Committee on Aviation on Wednesday.
The PIA owns 37 buildings across the globe, of which 29 are located in Pakistan. After renovations that cost $6 million, the hotel was handed over to the New York City administration for three years, and it is currently being used as a centre to house migrants
3. Gaza `apocalypse` overwhelms even top UN officials
Senior humanitarian officials from the United Nations struggled to put into words the horrors and suffering unfolding in the Gaza Strip, using extremely tough language to describe the `atrocities` being committed by Israel.
Invoking the rarely-used Article 99 of the UN charter, Secretary-General Antonio Guterres wrote to the head of the Security Council, saying that he expects `public order to completely break down soon due to the desperate conditions` in Gaza
December 07, 2023: International Current Affairs MCQs News
4. Stop posturing and agree to end fossil fuel era, UN climate chief tells COP28
Countries at the COP28 climate talks need to stop posturing, aim high and agree on a way to end the `fossil fuel era as we know it`, UN climate chief Simon Stiell said on Wednesday, as tension over the future of coal, oil and gas came to the fore.
Stiell was speaking as the two-week conference approaches its midpoint when attention turns to behind-the-scenes negotiations, following the opening flurry of announcements
5. Italy withdraws from Belt & Road Initiative
Italy has withdrawn from China`s vast Belt and Road infrastructure initiative, more than four years after becoming the only G7 nation to sign up, a government source said on Wednesday.
The long-expected decision was communicated to Beijing three days ago, according to Italian newspaper Corriere della Sera, which first broke the news
