India and Myanmar to strengthen military ties
- Sushma Swaraj, External Affairs Minister, and U Wunna Maung Lwin, Foreign Minister of Myanmar at the first meeting of the India-Myanmar Joint Consultative Commission (JCC) ties to strengthening the military cooperation between the two nations
- The first meeting of the India-Myanmar Joint Boundary Working Group, with a mandate to address all outstanding boundary issues, would be held in New Delhi at the earliest
- The two nations agreed that both governments would work to identify and remove various issues on bilateral trade
- Investments by Indian companies in areas like ports, power, agro-industries, forest products, mining, construction industry, consumer goods, highways, oil and gas, plantation, manufacturing, hospitality and ICT would be developed
Indian-origin students help US win Math Olympiad after 21 years
- Two Indian-origin students have helped the US win the International Mathematical Olympiad after more than 21 years
- Shyam Narayanan, 17, and Yang Liu Patil, 18, were part of the six-member US team that won the renowned award after a gap of 21 years
- India was ranked 37th in the competition
International Math Olympiad
- The International Mathematical Olympiad (IMO) is the World Championship Mathematics Competition for High School students and is held annually in a different country
- The first IMO was held in 1959 in Romania, with 7 countries participating. It has gradually expanded to over 100 countries from 5 continents
- The IMO Advisory Board ensures that the competition takes place each year and that each host country observes the regulations and traditions of the IMO
EU Countries Approve 7 Billion Euro Short-Term Loan to Greece
- The EU approved a short-term loan of 7.16 billion euros ($7.8 billion) to Greece allowing it to meet a huge payment to the ECB
- Greece must pay the European Central Bank (ECB) a huge debt payment of 4.2 billion euros on Monday
- The bridging loan allows Greece to clear its debt to the IMF and to repay the ECB put a fresh bailout, agreed in principal by European leaders on Monday
- The loan will be given through the EFSM, a rescue fund set up at the time of Greece's first bailout in 2010
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