World Current Affairs - July 23

Norway shocked by terrorist attacks
  • Almost 100 people died by terrorist attacks in two places in Norway - one at Norwegian island and other at its national capital Oslo.
  • It is the second least densely populated country in Europe and one of the scandinavian countries.
  • Scandinavia is a cultural, historical and ethno-linguistic region with common heritage and language in northern Europe that includes the three kingdoms of Denmark, Norway and Sweden.
  • Norway has an extensive coastline, facing the North Atlantic Ocean and the Barents Sea and it is famous for its fjords (a long, narrow inlet with steep sides or cliffs, created in a valley carved by glacial activity).
  • Well known for its highest human development index ranking in the world
Somalia is facing  famine
  • The United Nations declared a famine in parts of southern Somalia and warned that the suffering could rapidly spread without a massive and immediate international response.
  • About half the Somali population is affected and thousands of Somalis have fled the country in search of food and water, trekking for days under scorching sun toward refugee camps in neighboring Kenya and Ethiopia.
  • The country located in the Horn of Africa - eastern-most part of Africa and since the outbreak of the Somali Civil War in 1991 there has been no central government control over most of the country's territory
  • Somalia has been characterized as a failed state and is one of the poorest and most violent states in the world
A house for $700 in India
  • Tata Group, the Indian conglomerate that unveiled the Nano, billed as the world's cheapest car, two years ago, has a new gift for India's masses -- the $700 home.
  • Tata intends to provide a kit that includes a roof, door, windows and floors. Upgrade options include a veranda and solar panels, according to Tata Steel Group's chief of global research, Sumitesh Das.
  • The affordable housing is aimed at the millions of people in India who still live in poverty, especially those in rural hamlets and villages.
Second bailout for Greece
  • Bailout for Greece to be funded by EU and the International Monetary Fund. The deal was reached following an emergency summit of the 17 eurozone nations in Brussels. It is hoping to save the country's 54 billion euros over three years
  • Greece's government is estimated to need more than $200 billion to in addition to a $157 billion rescue package agreed last year to sustain it over the next few years.
  • Fourteen EU countries had public debt exceeding 60% of their GDP at the end of 2010, according to official statistics.
Libya : An estimated loss of $50 billion due to civil war
  • Due to the suspension of oil and gas exports, Libya has lost around $50 billion
  • Libya is a country in the North Africa, bordered by the Mediterranean Sea
  • As a result of the 2011 Libyan civil war, there are currently two entities claiming to be the official government of Libya. The Tripoli (Capital)-based government of Muammar Gaddafi refers to the Libyan state as the Great Socialist People's Libyan Arab Jamahiriya.It controls most of the western half of the country. The Benghazi-based National Transitional Council refers to the Libyan state as the Libyan Republic. It is led by Mustafa Abdul Jalil and controls most of the eastern half of the country.
  • Well known for its oil richness. It has the 10th-largest proven oil reserves of any country in the world and the 17th-highest petroleum production.
  • Last year, Libya's economy was booming, with gross domestic product surging 10.3%, according to the International Monetary Fund.