Current Affairs of 21 March 2025

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National and International Current Affairs - March 21, 2025

Heathrow Airport Closure Disrupts Global Travel

A fire at an electrical substation caused a major power outage, leading to the complete shutdown of London's Heathrow Airport. This incident resulted in the cancellation of over 1,350 flights and significant disruptions in global travel. Airlines such as British Airways and travel-related companies experienced notable stock declines. The International Air Transport Association criticized Heathrow's reliance on a single power source.

UK Public Borrowing Exceeds Forecasts

The UK government reported a public borrowing deficit of £10.7 billion in February, surpassing the anticipated £6.6 billion. This unexpected shortfall poses challenges for Chancellor Rachel Reeves in managing the budget, potentially leading to further spending cuts or tax increases. Additionally, the Office for National Statistics identified errors in its economic data, which may affect GDP figures.

US Stock Futures Decline Amid Corporate Earnings Reports

U.S. stock futures indicated a downward trend, with the S&P 500 and Dow Jones dropping 0.3%, and Nasdaq down by 0.4%. FedEx shares fell 8% due to a disappointing third-quarter profit and a lowered sales outlook. Nike shares decreased by 6% after forecasting weaker sales amid new tariffs. Despite surpassing expectations, Micron Technology's stock declined by 3.5%.

Online Threats Target Sydney Mosques

New South Wales police investigated alleged online threats made to a third Sydney mosque, following prior incidents at Lakemba and Padstow mosques. These threats have raised concerns within the community and prompted increased security measures.

Flights Between Australia and Bali Canceled Due to Volcanic Eruption

Flights between Australia and Bali were canceled following the eruption of Mount Lewotobi in Indonesia. The volcanic activity led to airspace closures and travel disruptions for passengers.

India's Cabinet Approves Revised Rashtriya Gokul Mission

The Indian Cabinet approved a revised version of the Rashtriya Gokul Mission with an allocation of ₹3,400 crore. This initiative aims to conserve and develop indigenous bovine breeds, enhancing milk production and genetic diversity.

Finland Joins NATO

Finland officially became a member of NATO, marking a significant shift in its foreign policy and strengthening the alliance's presence in Northern Europe.

Gully Erosion in India: A Growing Concern

A recent report highlighted the increasing issue of gully erosion in India, affecting agricultural lands and infrastructure. The report emphasizes the need for effective soil conservation measures to address this environmental challenge.

Trump's MAGA Policies Raise Economic Concerns

Former U.S. President Donald Trump's ""Make America Great Again"" (MAGA) policies have raised concerns about potential economic risks and trade isolation. Analysts suggest that these policies could impact global markets and diplomatic relations.

Launch of 'Samarth' Incubation Program for Startups

The Indian government launched the 'Samarth' incubation program to support startups, aiming to foster innovation and entrepreneurship across various sectors.

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