- Microsoft Passes Apple to Become Most Valuable Company — Microsoft has surpassed Apple as the most valuable US company with a market value of about $812 billion. Apple’s market cap was about $1 trillion valuation. Under CEO Satya Nadella, Microsoft has made a years-long bet on cloud computing.
- Defence Ministry Approves Military Procurement worth Rupees 3000 Crore — The Approved deal includes procurement of indigenous BrahMos missiles for two Indian Navy ships that are to be built in Russia. Jointly India and Russia, the BrahMos missile flies at almost three times the speed of time.
- Centre Approves release of Rupees 353 crore to Tamil Nadu as Relief — The Centre has approved the release of Rupees 353.70 crore to Tamil Nadu as assistance for the damage caused by Cyclone Gaja on November 15 and 16, during which 12 districts of the state were severely affected.
- Venezuela Hikes Monthly Minimum wage by 150% to 660 — Venezuela’s President Nicolas Maduro has ordered a 150% increase in the monthly minimum wage to 4500 sovereign bolivars, worth about Rupees 660 at the black market rate. Maduro has now raised the minimum wage 25 times since he took office in 2013.
- China, U.S. Declare 90-day halt to New Tariffs — China and the United States have agreed to halt new tariffs as both nations engage in trade talks with the goal of reaching an agreement within 90 days, the White House announced after US President Donald Trump and Chinese President Xi Jinping held high-stakes talks in Argentina G20 Summit.
- Bank of Maharashtra Appoints A.S. Rajeev as MD and CEO — The 54-year-old previously served as the Executive Director of Indian Bank and had also been the CFO of Vijaya Bank. He will hold the position for a period of three years or till further orders, whichever is earlier.
- Former US President George HW Bush passed away at 94 — George HW Bush became 41st president of the United States in 1989 after serving as vice-president under Ronald Reagan. His son, George W.Bush was also elected president and served two terms between 2001 and 2009. George HW Bush presided over the end of the Cold War and routed Saddam Hussein’s Iraqi army but lost for a second term after breaking a no-new-taxes pledge.
- India to Host G20 Summit in 2022 — India is to host the annual G20 summit in 2022 as it will be celebrating its 75th anniversary of Independence. This will be India’s first time to host G20 summit. The announcement was made by Prime Minister Narendra Modi at the closing ceremony of the 13th G20 summit in Argentinian capital on 1st December 2018.
