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Daily News Digest:22 March 2019

World Happiness Report 2019

The United Nations has released the World Happiness Report 2019. Finland was declared as the happiest country second time in a row. USA ranked at 19th position despite being one of the richest countries. India ranked 140th position seven place down from the last year. Sudan’s people were most unhappy with their lives.

 

Kazakhstan renames it capital

Interim President Kassym-Jomart Tokayev proposed changing the name of the Kazakhstan’s capital from Astana to Nursultan, or “Sultan of Light” in Kazakh, and parliament approved the change within hours. Kazakhstan is a huge country the size of Western Europe, Kazakhstan has vast mineral resources and enormous economic potential.

Worldwide Cost of Living 2019

The Economist Intelligence Unit has released the report of the Worldwide Cost of Living Survey 2019. The Survey compares more than 400 individual prices across 160 products and services in cities around the world. For the first time three cities share the title of the world’s most expensive city – Singapore, Hong Kong and Paris. Living costs in all three cities are 7% higher than in New York, the benchmark city.

NASA has discovered a pulsar speeding through space

NASA has discovered a pulsar speeding through space. This pulsar is dubbed PSR J0002+6216 (J0002 for short) and sports a radio-emitting tail pointing directly towards the expanding debris of a recent supernova explosion. The NASA found the pulsar hurtling through space at nearly four million kilometres an hour.

Spring Equinox 2019

March 20, 2019, marks the spring equinox — the first official day of spring in the Northern Hemisphere. This day is unique in that the length of day and night is close to equal. The Vernal Equinox is a solar term with great balance. At the equinox, earth’s two hemispheres are receiving the sun’s rays equally. On the day of the vernal equinox, night and day are often said to be equal in length.

Iranian New Year Started

Nowruz, also spelled as Navroz, is the Iranian New Year celebrated by ethnic Iranian people. Several ethno-linguistic communities around the world irrespective of their religious background observe it as the start of the New Year. In India, the Parsi community, who follow Zoroastrianism, celebrate Navroz with full fervour.

What is Hostile Takeover? L&T and Mindtree

Recently, the feud between construction giant L&T and Beglauru based IT company Mindtree was in the news. The L&T’s takeover bid of Mindtree was termed as Hostile Takeover. According to Investopedia; A hostile takeover is the acquisition of one company (called the target company) by another (called the acquirer) that is accomplished by going directly to the company's shareholders or fighting to replace management to get the acquisition approved.

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