Current Affairs 10th May 2019 | Daily GK Update

i. A WTO Ministerial meeting of developing countries is being hosted by India in New Delhi. 

ii. Sixteen developing countries, Six Least Developed Countries (LDC) (Argentina, Bangladesh, Barbados, Benin, Brazil, Central African Republic, Chad, China, Egypt, Guatemala, Guyana, Indonesia, Jamaica, Kazakhstan, Malawi, Malaysia, Nigeria, Oman, Saudi Arabia, South Africa, Turkey, Uganda) and DG, WTO participated in the meeting.

3. Australian Flight Carrier, Qantas Operated World’s First Zero-waste Flight

i. The Australian flight carrier, Qantas has operated the world’s first zero-waste commercial flight from Sydney to Adelaide which disposed of all waste through compost, reuse or recycle.

ii. The Australian airline Qantas has planned to eliminate 100 million single-use plastics by the end of 2020 and also to reduce 75% of airline’s waste by the end of 2021.

Static/Current Takeaways Important for LIC AAO Exam:

4. Facebook Chooses London As Base For WhatsApp Payments 

i. Facebook has chosen London as the centre for the global roll-out of WhatsApp pay, before the social media giant launches its digital payments service on the mobile messaging platform in India.
ii. WhatsApp would hire nearly 100 people in London to focus on the digital payments service and additional operations staff would be hired in Dublin.

5. 5th United Nations Global Road Safety Week

i. The 5th United Nations Global Road Safety Week is being observed from May 6 to 12, 2019. It is celebrated once in two years.

ii.  The theme of the Road Safety Week is ‘Leadership for Road Safety’.

Static/Current Takeaways Important For LIC AAO Exam:

6. RIL Acquires British Toy Retailer Hamleys

i. Reliance Industries Ltd. (RIL) acquired British toy retailer ‘Hamleys’ in an all-cash deal. RIL has acquired Hamleys in 67.96 million pounds (about Rs. 620 cr).

ii. With this announcement, Reliance will get hold of 100% shares of Hamleys Global Holdings Limited (HGHL).

• The Reserve Bank of India’s data on the deployment of gross credit across different sectors shows healthy credit growth in the services sector followed by retail sector.
• Credit growth in services sector till the middle of February was 23.7% and in retail sector it was 16.7%. Credit growth in the industry sector was 5.6%.