<p>Fourteen months after El Salvador became the first nation to adopt bitcoin as a legal tender, the bankruptcy of cryptocurrency exchange FTX and resulting crash in prices of other cryptocurrencies have pushed the country's leaders to announce the signing of a free trade deal with China.&nbsp;</p>

<p>El Salvador Vice President Félix Ulloa said that China had offered to buy country's $21 billion in foreign debt as part of free trade deal.</p>

<p><strong>WATCH |&nbsp;<a href="https://www.wionews.com/videos/world-business-watch-el-salvadors-bitcoin-experiment-60-million-lost-525320">World Business Watch | El Salvador's bitcoin experiment: $60 million lost</a></strong></p>

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<p>As for conventional legal tender, the country had adopted US dollar as national currency in 2001. However, Salvadoran economists say that the debt financing from China would mean a definitive break from the US and move the country closer to China, Russia and Turkey.</p>

<p><strong>China-El Salvador ties: On rise since 2018</strong></p>

<p>In 2018, El Salvador ended its relationship with Taiwan. Following the strategically significant move in Beijing's favour, the Chinese agreed to build a stadium and a library in the country of 6.5 million people. Beijing also plans to convert the port of La Union into a logistics hub.</p>

<p><strong>China-El Salvador trade deal: A compulsion for President Bukele</strong></p>

<p>El Salvador has to pay €667m ($688m) for a Eurobond amortisation by January next year. Amortisation refers to the process of reducing or paying off a debt with regular payments. President Nayib Bukele had announced in the beginning of 2022 that the country would issue bitcoin-denominated bonds to pay off national debt. The President had famously forecasted that the price of bitcoin would reach $100,000.&nbsp;</p>

<p>However, the recent crypto crash has thrown President's Bukele's hopes of crypto-based rescue of country's economy into disarray. The bitcoin price currently hovers around $16,000.</p>

<p><strong>ALSO READ |&nbsp;<a href="https://www.wionews.com/world/bitcoin-has-the-fifth-worst-collapse-in-financial-history-report-533494">Bitcoin plunges, records the fifth-biggest collapse in financial history</a></strong></p>

<p>Experts also say that the debt-financing from China doesn't come cheap.&nbsp;</p>

<p>“China acts as a payday lender, they make good money off of these deals,” Evan Ellis, a senior associate at the Washington DC based Centre for Strategic &amp; International Studies was quoted as saying by The Guardian. “But they often find a way to tie the loans to long-term commercial and strategic benefits opening the way for Chinese companies.”</p>

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Fourteen months after El Salvador became the first nation to adopt bitcoin as a legal tender, the bankruptcy of cryptocurrency exchange FTX and resulting crash in prices of other cryptocurrencies have pushed the country's leaders to announce the signing of a free trade deal with China.

Fourteen months after El Salvador became the first nation to adopt bitcoin as a legal tender, the bankruptcy of cryptocurrency exchange FTX and resulting crash in prices of other cryptocurrencies have pushed the country's leaders to announce the signing of a free trade deal with China. El Salvador Vice President Félix Ulloa said that China had offered to buy country's $21 billion in foreign debt as part of free trade deal. WATCH | World Business Watch | El Salvador's bitcoin experiment: $60 million lost × As for conventional legal tender, the country had adopted US dollar as national currency in 2001. However, Salvadoran economists say that the debt financing from China would mean a definitive break from the US and move the country closer to China, Russia and Turkey. China-El Salvador ties: On rise since 2018 In 2018, El Salvador ended its relationship with Taiwan. Following the strategically significant move in Beijing's favour, the Chinese agreed to build a stadium and a library in the country of 6.5 million people. Beijing also plans to convert the port of La Union into a logistics hub. China-El Salvador trade deal: A compulsion for President Bukele El Salvador has to pay €667m ($688m) for a Eurobond amortisation by January next year. Amortisation refers to the process of reducing or paying off a debt with regular payments. President Nayib Bukele had announced in the beginning of 2022 that the country would issue bitcoin-denominated bonds to pay off national debt. The President had famously forecasted that the price of bitcoin would reach $100,000. However, the recent crypto crash has thrown President's Bukele's hopes of crypto-based rescue of country's economy into disarray. The bitcoin price currently hovers around $16,000. ALSO READ | Bitcoin plunges, records the fifth-biggest collapse in financial history Experts also say that the debt-financing from China doesn't come cheap. “China acts as a payday lender, they make good money off of these deals,” Evan Ellis, a senior associate at the Washington DC based Centre for Strategic & International Studies was quoted as saying by The Guardian. “But they often find a way to tie the loans to long-term commercial and strategic benefits opening the way for Chinese companies.” WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Crypto crash forces El Salvador into China's economic circle of influence

<p>German tyre-maker and mobility solutions-major Continental said on Tuesday that it was investigating the theft of company's data in a cyberattack. The Hanover-based company, however, declined to comment on reports that hackers had put the information up for sale.</p>

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<p dir="ltr" lang="en">In a case of a suspected cyberattack, tyre maker <a href="https://twitter.com/hashtag/Continental?src=hash&amp;ref_src=twsrc%5Etfw">#Continental</a> is investigating theft of company's data. Reportedly, the budget, investment and strategy plans were leaked.<a href="https://twitter.com/joinsumit?ref_src=twsrc%5Etfw">@joinsumit</a> tells you more<br />
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Watch more: <a href="https://t.co/AXC5qRuO3J">https://t.co/AXC5qRuO3J</a> <a href="https://t.co/6LcIjNiW2P">pic.twitter.com/6LcIjNiW2P</a></p>
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<p>The manufacturer said its investigation was moving ahead with the highest priority.</p>

<p><strong>What is Continental data leak row all about?</strong></p>

<p>German news outlet Handelsblatt reported on November 7 that a group of hackers, named 'Lockbit 3.0', tapped into Continental's data. About 40 terabytes of data was reportedly stolen in&nbsp;the cyber attack in August. The hackers reportedly demanded a ransom from Continental which the mobility solutions-major "apparently did not want to pay". Following this, the hackers put the data for sale for $50 million, Handelsblatt reported.</p>

<p><strong>ALSO READ |&nbsp;<a href="https://www.wionews.com/world/millions-of-personal-data-leaked-online-after-medibank-refuses-to-pay-ransom-532442">Millions of personal data leaked online after Medibank refuses to pay ransom</a></strong></p>

<p>Earlier on Tuesday business daily Handelsblatt reported that hackers had published a list of the data on the 'dark net' and that it included budget, investment and strategy plans, as well as information related to some Continental customers.</p>

<p><strong>What Continental is doing about data leak?</strong></p>

<p>The company has launched an investigation into the incident "with the support of external cybersecurity experts", according to a spokesperson's comment. German prosecutors are also investigating the attack to nab the hackers.&nbsp;</p>

<p><strong>WATCH |&nbsp;<a href="https://www.wionews.com/videos/chinas-data-breach-of-over-1-billion-people-key-details-494945">China’s data breach of over 1 billion people: Key details</a></strong></p>

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<p>Continental sold automotive solutions worth $22.4 billion in 2021. It ranks number eight on the list of top 100 global automotive&nbsp;suppliers, compiled by Michigan-based weekly newspaper Automotive News.&nbsp;</p>

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German tyre-maker and mobility solutions-major Continental said on Tuesday that it was investigating the theft of company's data in a cyberattack. The Hanover-based company, however, declined to comment on reports that hackers had put the information up for sale.

German tyre-maker and mobility solutions-major Continental said on Tuesday that it was investigating the theft of company's data in a cyberattack. The Hanover-based company, however, declined to comment on reports that hackers had put the information up for sale. In a case of a suspected cyberattack, tyre maker #Continental is investigating theft of company's data. Reportedly, the budget, investment and strategy plans were leaked.@joinsumit tells you more Watch more: https://t.co/AXC5qRuO3J pic.twitter.com/6LcIjNiW2P — WION (@WIONews) November 16, 2022 × The manufacturer said its investigation was moving ahead with the highest priority. What is Continental data leak row all about? German news outlet Handelsblatt reported on November 7 that a group of hackers, named 'Lockbit 3.0', tapped into Continental's data. About 40 terabytes of data was reportedly stolen in the cyber attack in August. The hackers reportedly demanded a ransom from Continental which the mobility solutions-major "apparently did not want to pay". Following this, the hackers put the data for sale for $50 million, Handelsblatt reported. ALSO READ | Millions of personal data leaked online after Medibank refuses to pay ransom Earlier on Tuesday business daily Handelsblatt reported that hackers had published a list of the data on the 'dark net' and that it included budget, investment and strategy plans, as well as information related to some Continental customers. What Continental is doing about data leak? The company has launched an investigation into the incident "with the support of external cybersecurity experts", according to a spokesperson's comment. German prosecutors are also investigating the attack to nab the hackers. WATCH | China’s data breach of over 1 billion people: Key details × Continental sold automotive solutions worth $22.4 billion in 2021. It ranks number eight on the list of top 100 global automotive suppliers, compiled by Michigan-based weekly newspaper Automotive News. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

German firm Continental targeted by hackers, launches probe after report says data up for sale

<p>Australia Prime Minister Anthony Albanese met the Chinese President Xi Jinping on the sidelines of the G20 summit in Indonesia's Bali. This was the first face-to-face meeting between an Australian Prime Minister and a Chinese President since 2016.&nbsp;</p>

<p>Amid consistent efforts by successive Australian governments to diversify away from their trade dependence on China, Prime Minister Anthony Albanese said that he had 'a positive and constructive discussion' with the Chinese President.&nbsp;</p>

<p>Albanese reportedly raised objections to Chinese trade sanctions disrupting Australian exports and the continued detention of journalist Cheng Lei and the writer Yang Hengjun.&nbsp;</p>

<p>"We will cooperate where we can, disagree where we must, and engage in our national interest," Prime Minister Anthony Albanese of Australia said on Tuesday.&nbsp;The official statement from the Prime Minister of Australia said that the meeting was an 'important step towards the stabilisation of the Australia-China relationship.&nbsp;</p>

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<p>"China is a major power with global interests and it was valuable to exchange views on challenges to international peace and security," it said, followed by addressing the discussions on Russia-Ukraine war.&nbsp;</p>

<p>"I reaffirmed the Australian Government's view that it is in the interests of both sides to continue on the path of stabilising and developing our Comprehensive Strategic Partnership. We are always going to be better off when we talk to each other, calmly and directly," Prime Minister Anthony Albanese said in an official statement.&nbsp;</p>

<p><strong>WATCH |&nbsp;<a href="https://www.wionews.com/videos/wion-climate-tracker-australia-seeks-to-grow-plants-on-moon-by-2025-523520">WION Climate Tracker: Australia seeks to grow plants on moon by 2025</a></strong></p>

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<p>Australia and China will mark the 50th anniversary of their bilateral diplomatic relations.&nbsp;</p>

<p>"We also discussed bilateral, trade, consular and human rights issues, and looked forward to the 50th anniversary of diplomatic relations in December," Australian Prime Minister Anthony Albanese said.&nbsp;</p>

<p><strong>ALSO READ |&nbsp;<a href="https://www.wionews.com/sports/australian-players-call-out-qatars-human-rights-record-before-fifa-world-cup-528759">Australian players call out Qatar's human rights record before FIFA World Cup</a></strong></p>

<p>Chinese President Xi Jinping also said that Australia-China ties had "run into some difficulties". However, he added, improving the ties was consistent with the national interest of both countries and conducive to the "peaceful development of the region and the world".&nbsp;</p>

<p>China's share of Australia's exports came down to 29.5 per cent in August this year, down from 42.1 per cent a year ago. Australia's share of imports from China also came down to 25.9 per cent in August, having peaked at 29.8 per cent a year ago, according to Australian Bureau of Statistics trade.</p>

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Australia Prime Minister Anthony Albanese met the Chinese President Xi Jinping on the sidelines of the G20 summit in Indonesia's Bali. This was the first face-to-face meeting between an Australian Prime Minister and a Chinese President since 2016.

Australia Prime Minister Anthony Albanese met the Chinese President Xi Jinping on the sidelines of the G20 summit in Indonesia's Bali. This was the first face-to-face meeting between an Australian Prime Minister and a Chinese President since 2016. Amid consistent efforts by successive Australian governments to diversify away from their trade dependence on China, Prime Minister Anthony Albanese said that he had 'a positive and constructive discussion' with the Chinese President. Albanese reportedly raised objections to Chinese trade sanctions disrupting Australian exports and the continued detention of journalist Cheng Lei and the writer Yang Hengjun. "We will cooperate where we can, disagree where we must, and engage in our national interest," Prime Minister Anthony Albanese of Australia said on Tuesday. The official statement from the Prime Minister of Australia said that the meeting was an 'important step towards the stabilisation of the Australia-China relationship. It was good to discuss our relationship with China’s President Xi Jinping today. It was a positive and constructive discussion. We will cooperate where we can, disagree where we must, and engage in our national interest. pic.twitter.com/WBVAzW7KLR — Anthony Albanese (@AlboMP) November 15, 2022 × "China is a major power with global interests and it was valuable to exchange views on challenges to international peace and security," it said, followed by addressing the discussions on Russia-Ukraine war. "I reaffirmed the Australian Government's view that it is in the interests of both sides to continue on the path of stabilising and developing our Comprehensive Strategic Partnership. We are always going to be better off when we talk to each other, calmly and directly," Prime Minister Anthony Albanese said in an official statement. WATCH | WION Climate Tracker: Australia seeks to grow plants on moon by 2025 × Australia and China will mark the 50th anniversary of their bilateral diplomatic relations. "We also discussed bilateral, trade, consular and human rights issues, and looked forward to the 50th anniversary of diplomatic relations in December," Australian Prime Minister Anthony Albanese said. ALSO READ | Australian players call out Qatar's human rights record before FIFA World Cup Chinese President Xi Jinping also said that Australia-China ties had "run into some difficulties". However, he added, improving the ties was consistent with the national interest of both countries and conducive to the "peaceful development of the region and the world". China's share of Australia's exports came down to 29.5 per cent in August this year, down from 42.1 per cent a year ago. Australia's share of imports from China also came down to 25.9 per cent in August, having peaked at 29.8 per cent a year ago, according to Australian Bureau of Statistics trade. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

'Calmly and directly': Australia engages with China in 'national interest'

<p>Ukrainian capital Kyiv once again came within the firing range of Russian forces. Fresh attacks caused power cuts as the capital went atop the deafening noise of air-raid alarms. Meanwhile, most G20 members in Indonesia's Bali condemned the war in Ukraine in its draft declaration. In Sherm El-Sheikh, India's proposal to phase down all fossil fuels gained support from the United Kingdom and European Union. In the Indian capital, the murder of a young girl by her live-in partner shook the nation as gruesome details emerged.</p>

<p><strong>Click on the headlines to read more:</strong></p>

<p><a href="https://www.wionews.com/world/ukraine-fresh-russian-attacks-cause-power-cuts-in-several-regions-534476"><strong>Ukraine: Fresh Russian attacks cause power cuts in several regions</strong></a></p>

<p><a href="https://www.wionews.com/world/ukraine-fresh-russian-attacks-cause-power-cuts-in-several-regions-534476"><strong><img alt="War in Ukraine" data-entity-type="file" data-entity-uuid="ac1eb9d2-eef9-40e3-85bf-2c0d2a4a4e66" src="//cdn.wionews.com/sites/default/files/inline-images/russia.jpeg" /></strong></a></p>

<p>Fresh Russian strikes on Tuesday (November 15) caused power outages in several Ukrainian cities. The fresh barrage of Russian strikes have affected power supply in Kharkiv and Lviv. Kharkiv is the second largest city of Ukraine.</p>

<p><a href="https://www.wionews.com/world/most-members-at-the-g20-summit-condemn-war-in-ukraine-draft-declaration-says-534429"><strong>Most members at the G20 summit condemn war in Ukraine, draft declaration says</strong></a></p>

<p><a href="https://www.wionews.com/world/most-members-at-the-g20-summit-condemn-war-in-ukraine-draft-declaration-says-534429"><strong><img alt="G20" data-entity-type="file" data-entity-uuid="dec3832f-d46a-4725-8f25-8de5668c02d8" src="//cdn.wionews.com/sites/default/files/inline-images/G20.jpeg" /></strong></a></p>

<p>World leaders at the ongoing Group of 20 (G20) summit released a draft of the declaration on Tuesday, in which they said that "most" members strongly condemned the war in Ukraine and its repercussions on the global economy. This was mentioned in the 16-page draft that is yet to be adopted by G20 member countries.&nbsp;</p>

<p><strong><a href="https://www.wionews.com/world/zelensky-urges-g20-leaders-to-push-for-peace-even-as-kremlin-says-kyiv-is-not-interested-in-negotiations-534331 ">Zelensky urges G20 leaders to 'push for peace' even as Kremlin says Kyiv is not interested in negotiations</a></strong></p>

<p><strong><a href="https://www.wionews.com/world/zelensky-urges-g20-leaders-to-push-for-peace-even-as-kremlin-says-kyiv-is-not-interested-in-negotiations-534331 "><img alt="Volodymyr Zelensky" data-entity-type="file" data-entity-uuid="78462f23-f6f2-4b7d-9f7e-9316f655da11" src="//cdn.wionews.com/sites/default/files/inline-images/Kyiv_0.jpeg" /></a></strong></p>

<p>A war of words ensued between Russia and Ukraine after &nbsp;Ukrainian President Volodymyr Zelensky said at the G20 Summit that there will be no "Minsk 3" deal to end the fighting in Ukraine. Kremlin Spokesman Dmitry Peskov said the statement is a clear indication that Kyiv is not interested in holding peace talks with Moscow, the RIA Novosti news agency reported.</p>

<p><a href="https://www.wionews.com/world/cop27-uk-eu-support-indias-call-to-phase-down-all-fossil-fuels-534322"><strong>COP27: UK, EU support India's call to phase down all fossil fuels</strong></a></p>

<p><a href="https://www.wionews.com/world/cop27-uk-eu-support-indias-call-to-phase-down-all-fossil-fuels-534322"><strong><img alt="COP27" data-entity-type="file" data-entity-uuid="bf5dd8d5-cc56-4abf-ad41-af08eaca5447" src="//cdn.wionews.com/sites/default/files/inline-images/C_Change.jpeg" /></strong></a></p>

<p>As the COP27 summit in Egypt entered its final half this week, India's push to add a tenet to 'phase down' all fossil fuels in the final set of commitments from the summit, has started attracting widespread support from the likes of the European Union and the United Kingdom.</p>

<p><a href="https://www.wionews.com/world/us-midterm-results-republicans-lead-in-house-democrats-get-senate-as-washington-sees-divided-govt-534350  "><strong>US midterm results: Republicans lead in House, Democrats get Senate as Washington sees divided govt</strong></a></p>

<p><strong><img alt="Biden" data-entity-type="file" data-entity-uuid="8f689485-87ff-4af3-ab58-8775a8979b48" src="//cdn.wionews.com/sites/default/files/inline-images/biden.jpeg" /></strong></p>

<p>Republicans are just one victory away from 218 seats required to form a majority in the House of Representatives, while the Democrats are well on their way to retaining a majority in the upper house, Senate, paving the way for a divided government in Washington.</p>

<p><a href="https://www.wionews.com/india-news/india-a-fridge-months-of-clean-up-and-dexter-what-we-know-about-the-delhi-murder-case-so-far-534372 "><strong>India: A fridge, months of cleanup - What we know about the Delhi ‘Dexter’ murder case so far</strong></a></p>

<p><a href="https://www.wionews.com/india-news/india-a-fridge-months-of-clean-up-and-dexter-what-we-know-about-the-delhi-murder-case-so-far-534372 "><strong><img alt="Delhi crime" data-entity-type="file" data-entity-uuid="31b9146f-ae84-47b5-923a-ce7cf4a114fb" src="//cdn.wionews.com/sites/default/files/inline-images/Dexter.jpeg" /></strong></a></p>

<p>A 28-year-old man named Aaftab Amin Poonawala was arrested in India’s capital Delhi for allegedly killing his live-in partner Shraddha Vikas Walker, on Saturday. The case has since shocked the nation and continues to do so, as we learn more about the gruesome details emerging amid the ongoing investigation.&nbsp;</p>

<p><a href="https://www.wionews.com/sports/man-united-didnt-believe-my-daughter-was-ill-when-i-missed-pre-season-alleges-cristiano-ronaldo-534398"><strong>Man United didn’t believe my daughter was ill when I missed pre-season, alleges Cristiano Ronaldo</strong></a></p>

<p><img alt="ManUtd" data-entity-type="file" data-entity-uuid="e4cb58ea-c1f5-4960-a99c-63de026be716" src="//cdn.wionews.com/sites/default/files/inline-images/ManUtd_0.jpeg" /></p>

<p>Cristiano Ronaldo's explosive interview with Piers Morgan has become a major talking point even before release. Snippets of the interview have gone viral with Ronaldo not holding back and making some shocking claims regarding his equation with the top brass at Manchester United.</p>

<p><a href="https://www.wionews.com/entertainment/heres-why-israeli-pop-star-wore-kanye-wests-face-at-the-mtv-emas-534452 "><strong>Here's why Israeli pop star wore Kanye West's face at the MTV EMAs</strong></a></p>

<p><a href="https://www.wionews.com/entertainment/heres-why-israeli-pop-star-wore-kanye-wests-face-at-the-mtv-emas-534452 "><strong><img alt="KanyeDress" data-entity-type="file" data-entity-uuid="f24d68fe-cabd-4262-85b7-8330b2783e23" src="//cdn.wionews.com/sites/default/files/inline-images/311098-untitled-design-3.jpg" /></strong></a></p>

<p>The recently held MTV EMAs had a lot to offer apart from some great musical performances. Israeli pop star Noa Kirel brought her A-game to the stage at the event when she showed up in a controversial midriff-baring outfit that had Kanye West’s pictures plastered on it along with the&nbsp;Jewish Star of David.</p>

<p><a href="https://www.wionews.com/world/release-peaceful-protesters-un-urges-iran-534411 "><strong>Release peaceful protesters, UN urges Iran</strong></a></p>

<p><a href="https://www.wionews.com/world/release-peaceful-protesters-un-urges-iran-534411 "><strong><img alt="Iran" data-entity-type="file" data-entity-uuid="d8685ebb-261e-4ed1-90f3-a2190651d18d" src="//cdn.wionews.com/sites/default/files/inline-images/Iran.jpeg" /></strong></a></p>

<p>The United Nations (UN) on Tuesday (November 15) urged Iran government to immediately release peaceful protesters who have been detained by authorities in the country. The Islamic republic has been rocked by protests for many weeks.</p>

<p><a href="https://www.wionews.com/world/chimpanzees-show-objects-to-others-just-like-humans-to-simply-grab-attention-study-534256 "><strong>Chimpanzees show objects to others, just like humans to simply grab attention: Study</strong></a></p>

<p><a href="https://www.wionews.com/world/chimpanzees-show-objects-to-others-just-like-humans-to-simply-grab-attention-study-534256 "><strong><img alt="Chimpanzee" data-entity-type="file" data-entity-uuid="154785b8-d2b2-40ad-851d-c4d14ef26727" src="//cdn.wionews.com/sites/default/files/inline-images/CP.jpeg" /></strong></a></p>

<p>A new research has shown that&nbsp;Chimpanzees show each other objects just for the sake of it, akin to humans, to garner attention.&nbsp;</p>

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Ukrainian capital Kyiv once again came within the firing range of Russian forces. Fresh attacks caused power cuts as the capital went atop the deafening noise of air-raid alarms.

Ukrainian capital Kyiv once again came within the firing range of Russian forces. Fresh attacks caused power cuts as the capital went atop the deafening noise of air-raid alarms. Meanwhile, most G20 members in Indonesia's Bali condemned the war in Ukraine in its draft declaration. In Sherm El-Sheikh, India's proposal to phase down all fossil fuels gained support from the United Kingdom and European Union. In the Indian capital, the murder of a young girl by her live-in partner shook the nation as gruesome details emerged. Click on the headlines to read more: Ukraine: Fresh Russian attacks cause power cuts in several regions Fresh Russian strikes on Tuesday (November 15) caused power outages in several Ukrainian cities. The fresh barrage of Russian strikes have affected power supply in Kharkiv and Lviv. Kharkiv is the second largest city of Ukraine. Most members at the G20 summit condemn war in Ukraine, draft declaration says World leaders at the ongoing Group of 20 (G20) summit released a draft of the declaration on Tuesday, in which they said that "most" members strongly condemned the war in Ukraine and its repercussions on the global economy. This was mentioned in the 16-page draft that is yet to be adopted by G20 member countries. Zelensky urges G20 leaders to 'push for peace' even as Kremlin says Kyiv is not interested in negotiations A war of words ensued between Russia and Ukraine after Ukrainian President Volodymyr Zelensky said at the G20 Summit that there will be no "Minsk 3" deal to end the fighting in Ukraine. Kremlin Spokesman Dmitry Peskov said the statement is a clear indication that Kyiv is not interested in holding peace talks with Moscow, the RIA Novosti news agency reported. COP27: UK, EU support India's call to phase down all fossil fuels As the COP27 summit in Egypt entered its final half this week, India's push to add a tenet to 'phase down' all fossil fuels in the final set of commitments from the summit, has started attracting widespread support from the likes of the European Union and the United Kingdom. US midterm results: Republicans lead in House, Democrats get Senate as Washington sees divided govt Republicans are just one victory away from 218 seats required to form a majority in the House of Representatives, while the Democrats are well on their way to retaining a majority in the upper house, Senate, paving the way for a divided government in Washington. India: A fridge, months of cleanup - What we know about the Delhi ‘Dexter’ murder case so far A 28-year-old man named Aaftab Amin Poonawala was arrested in India’s capital Delhi for allegedly killing his live-in partner Shraddha Vikas Walker, on Saturday. The case has since shocked the nation and continues to do so, as we learn more about the gruesome details emerging amid the ongoing investigation. Man United didn’t believe my daughter was ill when I missed pre-season, alleges Cristiano Ronaldo Cristiano Ronaldo's explosive interview with Piers Morgan has become a major talking point even before release. Snippets of the interview have gone viral with Ronaldo not holding back and making some shocking claims regarding his equation with the top brass at Manchester United. Here's why Israeli pop star wore Kanye West's face at the MTV EMAs The recently held MTV EMAs had a lot to offer apart from some great musical performances. Israeli pop star Noa Kirel brought her A-game to the stage at the event when she showed up in a controversial midriff-baring outfit that had Kanye West’s pictures plastered on it along with the Jewish Star of David. Release peaceful protesters, UN urges Iran The United Nations (UN) on Tuesday (November 15) urged Iran government to immediately release peaceful protesters who have been detained by authorities in the country. The Islamic republic has been rocked by protests for many weeks. Chimpanzees show objects to others, just like humans to simply grab attention: Study A new research has shown that Chimpanzees show each other objects just for the sake of it, akin to humans, to garner attention. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Top 10 world news: Fresh attacks in Kyiv, COP27, G20 summit updates, and more

<p>The children of the world have long learned to memorise the leap-year formula, that is, after every four years February has 29 days instead of 28 and the yearly number of days become 366 from 365. But the fact that has not made to the textbooks in parts of the world is that since 1972, we occasionally add an extra second, a leap second, by the end of a day.</p>

<p>The officials, however, are now proposing an end to the leap year practice. A vote is expected at a meeting of the International Bureau of Weights and Measures in Versailles on November 18, to abandon the leap year practice by 2035. The IBWM instead wants the world to embrace atomic time until global timekeepers come up with a better plan.&nbsp;</p>

<p><strong>Why the IBWM wants to change the way world measures time?</strong></p>

<p>According to international conventions, a day comprises of 86,400 vibrations of an atom of cesium-133. However, every day there are some vibrations other than these 86,400 vibrations that cannot be added further in the day for mathematical uniformity. So in 1972, scientists added an extra second to the end of an atomic day.&nbsp;</p>

<p>Also, the Earth's rotation is unpredictable. Moreover, precise timing has become integral to world's highly computerised infrastructure. Financial transactions, GPS navigations are all functions of a second.</p>

<p>Data packages related to these financial transactions must be time-stamped to that fine level of precision, recorded and made traceable back to Coordinated Universal Time, the universally agreed-upon standard managed by the timekeepers at the B.I.P.M.&nbsp;</p>

<p><strong>ALSO READ |&nbsp;<a href="https://www.wionews.com/world/pacific-ocean-island-nation-turns-to-metaverse-as-climate-change-threatens-existence-534392">Pacific Ocean island nation to build country on metaverse as climate change threatens existence</a></strong></p>

<p>Every additional leap second introduces the risk of confusion that some digital networks won’t implement the change correctly, won’t know precisely what time it is with regard to the other systems, and will fail to synchronise properly.</p>

<p>“What was before just a way of measuring the flow of time is today essential for transportation, location, defense, finance, space competition,” Felicitas Arias, former director of the time department of the International Bureau of Weights and Measures, was quoted as saying by New York Times.&nbsp;</p>

<p>A vote, in the form of Resolution D, is expected on Nov. 18 at a meeting in Versailles of the International Bureau of Weights and Measures.&nbsp;</p>

<p>“Time is ruling the world," he said further.&nbsp;</p>

<p><strong>When was leap year practice first established?</strong></p>

<p>The leap year practice was first established by Julius Caesar over 2,000 years ago. It was modified in the 16th century by Pope Gregory XIII, leading to the creation of Gregorian calendar.</p>

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The children of the world have long learned to memorise the leap-year formula, that is, after every four years February has 29 days instead of 28 and the yearly number of days become 366 from 365.

The children of the world have long learned to memorise the leap-year formula, that is, after every four years February has 29 days instead of 28 and the yearly number of days become 366 from 365. But the fact that has not made to the textbooks in parts of the world is that since 1972, we occasionally add an extra second, a leap second, by the end of a day. The officials, however, are now proposing an end to the leap year practice. A vote is expected at a meeting of the International Bureau of Weights and Measures in Versailles on November 18, to abandon the leap year practice by 2035. The IBWM instead wants the world to embrace atomic time until global timekeepers come up with a better plan. Why the IBWM wants to change the way world measures time? According to international conventions, a day comprises of 86,400 vibrations of an atom of cesium-133. However, every day there are some vibrations other than these 86,400 vibrations that cannot be added further in the day for mathematical uniformity. So in 1972, scientists added an extra second to the end of an atomic day. Also, the Earth's rotation is unpredictable. Moreover, precise timing has become integral to world's highly computerised infrastructure. Financial transactions, GPS navigations are all functions of a second. Data packages related to these financial transactions must be time-stamped to that fine level of precision, recorded and made traceable back to Coordinated Universal Time, the universally agreed-upon standard managed by the timekeepers at the B.I.P.M. ALSO READ | Pacific Ocean island nation to build country on metaverse as climate change threatens existence Every additional leap second introduces the risk of confusion that some digital networks won’t implement the change correctly, won’t know precisely what time it is with regard to the other systems, and will fail to synchronise properly. “What was before just a way of measuring the flow of time is today essential for transportation, location, defense, finance, space competition,” Felicitas Arias, former director of the time department of the International Bureau of Weights and Measures, was quoted as saying by New York Times. A vote, in the form of Resolution D, is expected on Nov. 18 at a meeting in Versailles of the International Bureau of Weights and Measures. “Time is ruling the world," he said further. When was leap year practice first established? The leap year practice was first established by Julius Caesar over 2,000 years ago. It was modified in the 16th century by Pope Gregory XIII, leading to the creation of Gregorian calendar. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

What is a leap second and what to do with it? International organisation to decide this week

<p>The US Department of Transportation said this week that the airlines have paid more than $600 million in refunds to hundreds of thousands of passengers for cancelled or changed flights since the start of the Covid-19 pandemic. The development comes as airlines continue to struggle to keep up with a rapid rise in demand for travel via air.</p>

<p>For "extreme delays in providing refunds to passengers", the department is also issuing $7.25 million against six airlines, including Air India. The Tata-owned airline paid $121.5 million in required funds and a $1.4 million penalty.</p>

<p>In addition to the more than $600 million in refunds that the airlines have paid back, the Department of Transportation&nbsp;is also assessing more than $7.25 million in civil penalties against six airlines for extreme delays in providing refunds.</p>

<p><strong>Majority fines on foreign carriers</strong></p>

<p>Except for Denver-based Frontier Airlines, all other airlines facing the grunt of fines are not headquartered in the US. They include Air India, TAP Portugal, Aeromexico, El Al and Avianca.</p>

<p><strong>WATCH |&nbsp;<a href="https://www.wionews.com/videos/covid-19-airlines-are-cautiously-optimistic-about-long-term-future-of-the-indian-aviation-industry-437607">COVID-19: Airlines are cautiously optimistic about long term future of the Indian Aviation industry</a></strong></p>

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<p>“The department’s expectation that when Americans buy a ticket on an airline, we expect to get to our destination safely reliably and affordably. And our job at DOT is to hold airlines accountable for these expectations, many of which are a matter of law and regulation,” Transport Secretary Pete Buttigieg told a group of reporters.</p>

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<p dir="ltr" lang="en">Too many people have been waiting far too long for airline ticket refunds.<br />
<br />
Our focus is on getting money back in people's pockets, and today’s enforcement actions will better ensure that the traveling public gets the refunds they are owed. ⬇️ <a href="https://t.co/OYhr7P1Cbz">https://t.co/OYhr7P1Cbz</a></p>
— Secretary Pete Buttigieg (@SecretaryPete) <a href="https://twitter.com/SecretaryPete/status/1592304372867862528?ref_src=twsrc%5Etfw">November 14, 2022</a></blockquote>
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<p>“When a flight gets cancelled, passengers seeking refunds should be paid back promptly. Whenever that doesn’t happen, we will act to hold airlines accountable on behalf of American travellers and get passengers their money back," Buttigieg said in another official statement.&nbsp;</p>

<p><strong>Why such hefty fines?</strong></p>

<p>Under U.S. law, airlines and ticket agents have a legal obligation to refund consumers if the airline cancels or significantly changes a flight to, from and within the United States, and the passenger does not wish to accept the alternative offered. It is unlawful for an airline to refuse refunds and instead provide vouchers to such consumers. &nbsp;</p>

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The US Department of Transportation said this week that the airlines have paid more than $600 million in refunds to hundreds of thousands of passengers for cancelled or changed flights since the start of the Covid-19 pandemic.

The US Department of Transportation said this week that the airlines have paid more than $600 million in refunds to hundreds of thousands of passengers for cancelled or changed flights since the start of the Covid-19 pandemic. The development comes as airlines continue to struggle to keep up with a rapid rise in demand for travel via air. For "extreme delays in providing refunds to passengers", the department is also issuing $7.25 million against six airlines, including Air India. The Tata-owned airline paid $121.5 million in required funds and a $1.4 million penalty. In addition to the more than $600 million in refunds that the airlines have paid back, the Department of Transportation is also assessing more than $7.25 million in civil penalties against six airlines for extreme delays in providing refunds. Majority fines on foreign carriers Except for Denver-based Frontier Airlines, all other airlines facing the grunt of fines are not headquartered in the US. They include Air India, TAP Portugal, Aeromexico, El Al and Avianca. WATCH | COVID-19: Airlines are cautiously optimistic about long term future of the Indian Aviation industry × “The department’s expectation that when Americans buy a ticket on an airline, we expect to get to our destination safely reliably and affordably. And our job at DOT is to hold airlines accountable for these expectations, many of which are a matter of law and regulation,” Transport Secretary Pete Buttigieg told a group of reporters. Too many people have been waiting far too long for airline ticket refunds. Our focus is on getting money back in people's pockets, and today’s enforcement actions will better ensure that the traveling public gets the refunds they are owed. ⬇️ https://t.co/OYhr7P1Cbz — Secretary Pete Buttigieg (@SecretaryPete) November 14, 2022 × “When a flight gets cancelled, passengers seeking refunds should be paid back promptly. Whenever that doesn’t happen, we will act to hold airlines accountable on behalf of American travellers and get passengers their money back," Buttigieg said in another official statement. Why such hefty fines? Under U.S. law, airlines and ticket agents have a legal obligation to refund consumers if the airline cancels or significantly changes a flight to, from and within the United States, and the passenger does not wish to accept the alternative offered. It is unlawful for an airline to refuse refunds and instead provide vouchers to such consumers. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

United States: Airlines, including Air India, forced to pay $600 million in refunds

<p>In a sigh of relief for millions of British people and citizens in the rest of the United Kingdom, wages in the UK are rising at fastest in 20 years. However, it still lags behind the rate of rising cost of living.</p>

<p>The job vacancies in the UK are at record high whereas the unemployment is low. The employers are reportedly putting up more wages to brings the workers they need. In September, the wage growth was witnessed more in the private sector (6.6 per cent) as compared to the public sector (2.2 per cent). Except for the period of Covid-19 pandemic, this is the largest difference between public and private pay growths.</p>

<p>Regular pay rose by 5.7 per cent in the year to September, the fastest growth since 2000 except for the period of Covid-19 pandemic. When adjusted for the increased prices, the wages fell by 2.7 per cent.</p>

<p><strong>ALSO READ |&nbsp;<a href="https://www.wionews.com/business-economy/amid-cost-of-living-crisis-bank-of-england-hikes-interest-rates-and-warns-uk-faces-two-year-recession-530999">Amid cost-of-living crisis, Bank of England hikes interest rates and warns UK faces two-year recession</a></strong></p>

<p>The cost of living crisis is putting 'more and more pressure on households', reports say. Energy and food prices have increased due to which millions in the UK are reportedly struggling to pay bills.</p>

<p><strong>Unemployment&nbsp;slightly up, may double by 2025</strong></p>

<p>The UK unemployment rate rose slightly to 3.6 per cent in the three months to September, up from 3.5 per cent&nbsp;in August, according to the official figures. The unemployment is likely to double by 2025, the Bank of England has warned.</p>

<p><strong>Jeremy Hunt to announce measures on November 17</strong></p>

<p>On Thursday, the Chancellor of Exchequer Jeremy Hunt will lay out his plans to revamp the British economy, with expected spending cuts and increase in taxes.</p>

<p>According to a report in The Times, Jeremy Hunt and UK Prime Minister Rishi Sunak will announce increase in the national living wage on Thursday, November 17. This increase will target the new cost-of-living payments for the poorest households.</p>

<p><strong>WATCH |&nbsp;<a href="https://www.wionews.com/videos/uk-cost-of-living-crisis-food-banks-lifesaver-britons-worried-about-winter-530363">UK Cost of Living Crisis: Food banks 'lifesaver', Britons worried about winter</a></strong></p>

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<p>"People's hard-earned money isn't going as far as it should," Jeremy Hunt said.&nbsp;</p>

<p>"Tackling inflation is my absolute priority and that guides the difficult decisions on tax and spending we will make on Thursday," he added.</p>

<p><strong>UK paying for "economic mistakes" of Conservatives: Opposition</strong></p>

<p>Labour Party's Rachel Reeves said that the UK was paying for "12 years of Tory economic mistakes".</p>

<p>"Real wages have fallen again, thousands of over-50s have left the labour market and a record number of people are out of work because they're stuck on NHS waiting lists or they're not getting proper employment support," Rachel Reeves said.</p>

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<p dir="ltr" lang="en">NEW: Real wages have fallen again.<br />
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This is the knock-on impact of 12 years of Tory economic failure.<br />
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Thousands of over 50s have left the labour market &amp; record numbers are out of work as they’re on NHS waiting lists.<br />
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Britain deserves fairer choices &amp; a proper plan for growth.</p>
— Rachel Reeves (@RachelReevesMP) <a href="https://twitter.com/RachelReevesMP/status/1592413595941277697?ref_src=twsrc%5Etfw">November 15, 2022</a></blockquote>
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<p>On Twitter, the Labour leader claimed that thousands of over 50s have left the labour market and record numbers are out of work as they’re on NHS waiting lists. "Britain deserves fairer choices and a proper plan for growth," she said.&nbsp;</p>

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In a sigh of relief for millions of British people and citizens in the rest of the United Kingdom, wages in the UK are rising at fastest in 20 years. However, it still lags behind the rate of rising cost of living.

In a sigh of relief for millions of British people and citizens in the rest of the United Kingdom, wages in the UK are rising at fastest in 20 years. However, it still lags behind the rate of rising cost of living. The job vacancies in the UK are at record high whereas the unemployment is low. The employers are reportedly putting up more wages to brings the workers they need. In September, the wage growth was witnessed more in the private sector (6.6 per cent) as compared to the public sector (2.2 per cent). Except for the period of Covid-19 pandemic, this is the largest difference between public and private pay growths. Regular pay rose by 5.7 per cent in the year to September, the fastest growth since 2000 except for the period of Covid-19 pandemic. When adjusted for the increased prices, the wages fell by 2.7 per cent. ALSO READ | Amid cost-of-living crisis, Bank of England hikes interest rates and warns UK faces two-year recession The cost of living crisis is putting 'more and more pressure on households', reports say. Energy and food prices have increased due to which millions in the UK are reportedly struggling to pay bills. Unemployment slightly up, may double by 2025 The UK unemployment rate rose slightly to 3.6 per cent in the three months to September, up from 3.5 per cent in August, according to the official figures. The unemployment is likely to double by 2025, the Bank of England has warned. Jeremy Hunt to announce measures on November 17 On Thursday, the Chancellor of Exchequer Jeremy Hunt will lay out his plans to revamp the British economy, with expected spending cuts and increase in taxes. According to a report in The Times, Jeremy Hunt and UK Prime Minister Rishi Sunak will announce increase in the national living wage on Thursday, November 17. This increase will target the new cost-of-living payments for the poorest households. WATCH | UK Cost of Living Crisis: Food banks 'lifesaver', Britons worried about winter × "People's hard-earned money isn't going as far as it should," Jeremy Hunt said. "Tackling inflation is my absolute priority and that guides the difficult decisions on tax and spending we will make on Thursday," he added. UK paying for "economic mistakes" of Conservatives: Opposition Labour Party's Rachel Reeves said that the UK was paying for "12 years of Tory economic mistakes". "Real wages have fallen again, thousands of over-50s have left the labour market and a record number of people are out of work because they're stuck on NHS waiting lists or they're not getting proper employment support," Rachel Reeves said. NEW: Real wages have fallen again. This is the knock-on impact of 12 years of Tory economic failure. Thousands of over 50s have left the labour market & record numbers are out of work as they’re on NHS waiting lists. Britain deserves fairer choices & a proper plan for growth. — Rachel Reeves (@RachelReevesMP) November 15, 2022 × On Twitter, the Labour leader claimed that thousands of over 50s have left the labour market and record numbers are out of work as they’re on NHS waiting lists. "Britain deserves fairer choices and a proper plan for growth," she said. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

UK: High inflation casts shadow on fastest rise in wages in 20 years

<p>As the COP27 summit in Egypt entered its final half this week, India's push to add a tenet to 'phase down' all fossil fuels in the final set of commitments from the summit, has started attracting widespread support from the likes of the European Union and the United Kingdom.</p>

<p><strong>ALSO READ |&nbsp;<a href="https://www.wionews.com/world/cop27-summit-near-halftime-but-critical-issues-remain-unresolved-533610">COP27 summit near halftime but critical issues remain unresolved</a></strong></p>

<p>India's call to phase down fossil fuels is also expected to be backed by 39 other countries constituting the Alliance of Small Island States (ASIS). These are the small-island nations, existentially threatened by the effects of rising global temperatures and consequent rise in sea-levels.</p>

<p><strong>Fossil fuels: Phase down Vs Phase Out</strong></p>

<p>A Bloomberg report claimed that the European Union was pushing for an even tougher "phase out" language on Monday morning. Last year, the United Kingdom had advocated for "phasing out of coal and related products" during the Glasgow COP26 summit. Both the European Union and the United Kingdom have reportedly supported India's call to "phase down" fossil fuels instead. It is unclear if the United States too is onboard the bogey inhabited by the countries coming together to phase down fossil fuels at the COP27 summit.&nbsp;</p>

<p>The move is likely to face opposition from oil and gas-producing nations as well as China.&nbsp;</p>

<p><strong>WATCH |&nbsp;<a href="https://www.wionews.com/videos/wion-wideangle-cop27-who-will-pay-for-climate-change-533193">WION Wideangle | COP27: Who will pay for climate change?</a></strong></p>

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<p>Saudi Arabia’s energy minister, Prince Abdulaziz bin Salman, said in an interview last week that the kingdom would be very unlikely to support an agreement that included the phase down of oil. “Our theme is being cautious,” the minister said at the Saudi Green Initiative during the COP27 climate summit.&nbsp;</p>

<p>India led the pack of the countries vulnerable to climate change on Saturday and pushed for a decision to phase down all fossil fuels.&nbsp;</p>

<p>“We have to have outcomes from COP27 that are commensurate with the tragic situation around the world as a consequence of climate change,” Wael Aboulmagd, special representative for the Egyptian COP27 presidency, told a group of reporters. “It’s up to member states to rise to the occasion, to show serious ambition.”</p>

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As the COP27 summit in Egypt entered its final half this week, India's push to add a tenet to 'phase down' all fossil fuels in the final set of commitments from the summit, has started attracting widespread support from the likes of the European Union and the United Kingdom.

As the COP27 summit in Egypt entered its final half this week, India's push to add a tenet to 'phase down' all fossil fuels in the final set of commitments from the summit, has started attracting widespread support from the likes of the European Union and the United Kingdom. ALSO READ | COP27 summit near halftime but critical issues remain unresolved India's call to phase down fossil fuels is also expected to be backed by 39 other countries constituting the Alliance of Small Island States (ASIS). These are the small-island nations, existentially threatened by the effects of rising global temperatures and consequent rise in sea-levels. Fossil fuels: Phase down Vs Phase Out A Bloomberg report claimed that the European Union was pushing for an even tougher "phase out" language on Monday morning. Last year, the United Kingdom had advocated for "phasing out of coal and related products" during the Glasgow COP26 summit. Both the European Union and the United Kingdom have reportedly supported India's call to "phase down" fossil fuels instead. It is unclear if the United States too is onboard the bogey inhabited by the countries coming together to phase down fossil fuels at the COP27 summit. The move is likely to face opposition from oil and gas-producing nations as well as China. WATCH | WION Wideangle | COP27: Who will pay for climate change? × Saudi Arabia’s energy minister, Prince Abdulaziz bin Salman, said in an interview last week that the kingdom would be very unlikely to support an agreement that included the phase down of oil. “Our theme is being cautious,” the minister said at the Saudi Green Initiative during the COP27 climate summit. India led the pack of the countries vulnerable to climate change on Saturday and pushed for a decision to phase down all fossil fuels. “We have to have outcomes from COP27 that are commensurate with the tragic situation around the world as a consequence of climate change,” Wael Aboulmagd, special representative for the Egyptian COP27 presidency, told a group of reporters. “It’s up to member states to rise to the occasion, to show serious ambition.” WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

COP27: UK, EU support India's call to phase down all fossil fuels

<p>A pair of&nbsp;sandals&nbsp;once sported by the late Apple co-founder Steve Jobs have been sold for an astounding $218,750 (₹1.77 crores) when they were auctioned by California-based Julien's Auctions on Monday. The auction house said that the sale of the said pair of Birkenstock sandals have set a record for the 'highest ever' price paid for a pair of sandals at an auction.&nbsp;</p>

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<p dir="ltr" lang="en">Sold for $218,750. A pair of brown suede leather Birkenstock Arizona sandals that were personally owned and worn by Steve Jobs.<br />
<br />
"Icons and Idols: Rock 'N' Roll" auction taking place at the <a href="https://twitter.com/HardRock?ref_src=twsrc%5Etfw">@HardRock</a> in New York City and online at <a href="https://t.co/tzS6JKuf2p">https://t.co/tzS6JKuf2p</a>, Friday through Sunday. <a href="https://t.co/ESXO8fJ2L7">pic.twitter.com/ESXO8fJ2L7</a></p>
— Julien's Auctions (@JuliensAuctions) <a href="https://twitter.com/JuliensAuctions/status/1591872953373032448?ref_src=twsrc%5Etfw">November 13, 2022</a></blockquote>
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<p>The auction house further said that Steve Jobs would wear these sandals in the 1970's and 1980's. "This pair of Birkenstock sandals were previously owned by Mark Sheff, the house manager to Steve Jobs," it informed.&nbsp;</p>

<p><strong>'Steve Jobs wore the auctioned sandals during Apple's pivotal moments'</strong></p>

<p>The auction house further added that Steve Jobs wore these sandals during many pivotal moments in Apple’s history. "In 1976, he hatched the beginnings of Apple computer in a Los Altos garage with Apple’s co-founder Steve Wozniak while occasionally wearing these sandals. When Jobs discovered the ingenuity and practicality of Birkenstocks, he became fascinated," it said.&nbsp;</p>

<p>The sandals were sold in Julien's Auctions' "Icons and Idols: Rock n' Roll" public sale, which also featured memorabilia, clothing, musical equipment and jewelry from musicians and pop icons such as John Lennon, Elvis Presley and Kurt Cobain.&nbsp;</p>

<p><strong>WATCH |&nbsp;<a href="https://www.wionews.com/videos/auction-house-christies-new-york-breaks-record-532970">Auction house Christie's New York breaks record</a></strong></p>

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<p>In October 2021, a pair of Nike Air Ships worn by basketball legend Michael Jordan <a href="Michael Jordan sneakers sell for nearly $1.5 million, an auction record">sold</a> for $1.47 million, breaking the record for the highest sale price for a pair of sneakers at auction.</p>

<p><strong>Mahatma Gandhi's artefacts have fetched huge sums too</strong></p>

<p>Earlier in 2013, it was Mahatma Gandhi's leather chappals that went under hammer in Britain, fetching a whopping 300,000 pounds. However, the said pair of leather chappals worn by Mahatma Gandhi was not a standalone item that was auctioned then. The 300,000 pounds were fetched when Gandhi's Chappals were auctioned along with his last will and blood sample on a microscopic slide.<br />
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A pair of sandals once sported by the late Apple co-founder Steve Jobs have been sold for an astounding $218,750 (₹1.77 crores) when they were auctioned by California-based Julien's Auctions on Monday.

A pair of sandals once sported by the late Apple co-founder Steve Jobs have been sold for an astounding $218,750 (₹1.77 crores) when they were auctioned by California-based Julien's Auctions on Monday. The auction house said that the sale of the said pair of Birkenstock sandals have set a record for the 'highest ever' price paid for a pair of sandals at an auction. Sold for $218,750. A pair of brown suede leather Birkenstock Arizona sandals that were personally owned and worn by Steve Jobs. "Icons and Idols: Rock 'N' Roll" auction taking place at the @HardRock in New York City and online at https://t.co/tzS6JKuf2p, Friday through Sunday. pic.twitter.com/ESXO8fJ2L7 — Julien's Auctions (@JuliensAuctions) November 13, 2022 × The auction house further said that Steve Jobs would wear these sandals in the 1970's and 1980's. "This pair of Birkenstock sandals were previously owned by Mark Sheff, the house manager to Steve Jobs," it informed. 'Steve Jobs wore the auctioned sandals during Apple's pivotal moments' The auction house further added that Steve Jobs wore these sandals during many pivotal moments in Apple’s history. "In 1976, he hatched the beginnings of Apple computer in a Los Altos garage with Apple’s co-founder Steve Wozniak while occasionally wearing these sandals. When Jobs discovered the ingenuity and practicality of Birkenstocks, he became fascinated," it said. The sandals were sold in Julien's Auctions' "Icons and Idols: Rock n' Roll" public sale, which also featured memorabilia, clothing, musical equipment and jewelry from musicians and pop icons such as John Lennon, Elvis Presley and Kurt Cobain. WATCH | Auction house Christie's New York breaks record × In October 2021, a pair of Nike Air Ships worn by basketball legend Michael Jordan sold for $1.47 million, breaking the record for the highest sale price for a pair of sneakers at auction. Mahatma Gandhi's artefacts have fetched huge sums too Earlier in 2013, it was Mahatma Gandhi's leather chappals that went under hammer in Britain, fetching a whopping 300,000 pounds. However, the said pair of leather chappals worn by Mahatma Gandhi was not a standalone item that was auctioned then. The 300,000 pounds were fetched when Gandhi's Chappals were auctioned along with his last will and blood sample on a microscopic slide. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Steve Jobs' worn-out sandals auctioned for 'highest-ever' price

<p>The 27th edition of the United Nations Conference of Parties (COP27) climate summit at Egypt's Sharm El-Sheikh city reached halfway mark on Saturday. Yet the key issues on the agenda remain unresolved. Negotiators from across the world are working to draft deals, hoping to get all countries on board.&nbsp;</p>

<p>The two-week meeting in Sharm El-Sheikh is focused on pledges to curb greenhouse gas emissions and help developing nations cope with climate change-related disasters and the effects of global warming.&nbsp;</p>

<p>Here are the unresolved points of the COP27 agenda in Egypt:</p>

<p><strong>Controlling rising temperatures</strong></p>

<p>Climate change activists have expressed disappointment that the agenda of the COP27 summit falls short of specifying the threshold to which the rising temperature should be controlled. This is reportedly due to pushback from some major oil and gas exporting nations.</p>

<p><strong>Limiting emissions</strong></p>

<p>A proposed draft agreement circulated on Saturday at the COP27 summit had 200 square brackets, Euro News reported. This means that on cutting emissions, countries are yet to reach a common consensus.&nbsp;</p>

<p><strong>ALSO READ | <a href="https://www.wionews.com/world/earth-set-to-face-catastrophic-warming-in-9-years-study-shows-533539">Earth set to face catastrophic warming in 9 years, study shows</a></strong></p>

<p>Some countries want emission-control measures on an annual basis whereas others are pressing for a longer-term roadmap.&nbsp;</p>

<p><strong>'Loss and Damage' compensation to developing nations</strong></p>

<p>Pressure from developing countries ensured that the issue of 'loss and damage', compensation to developing nations by their developed counterparts, due to the latter's historical exploitation of the environment was placed on the formal agenda.&nbsp;</p>

<p><strong>WATCH |&nbsp;<a href="https://www.wionews.com/videos/wion-wideangle-cop27-who-will-pay-for-climate-change-533102">WION Wideangle | COP27: Who will pay for climate change?</a></strong></p>

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<p>The creation of an actual 'Loss and Damage' fund is yet to see the daylight on which the deadlock between the global south and global north must be resolved in the remaining days of the COP27 summit.</p>

<p><strong>Ceasing the use of fossil fuels</strong></p>

<p>Some countries demand the COP27 negotiations result in an explicit commitment by the nations to phase out the use of fossil fuels. Countries heavily dependent on fossil fuels have not been on board, pointing out the lack of funds required for the transition to renewable sources of energy.&nbsp;</p>

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The 27th edition of the United Nations Conference of Parties (COP27) climate summit at Egypt's Sharm El-Sheikh city reached halfway mark on Saturday. Yet the key issues on the agenda remain unresolved.

The 27th edition of the United Nations Conference of Parties (COP27) climate summit at Egypt's Sharm El-Sheikh city reached halfway mark on Saturday. Yet the key issues on the agenda remain unresolved. Negotiators from across the world are working to draft deals, hoping to get all countries on board. The two-week meeting in Sharm El-Sheikh is focused on pledges to curb greenhouse gas emissions and help developing nations cope with climate change-related disasters and the effects of global warming. Here are the unresolved points of the COP27 agenda in Egypt: Controlling rising temperatures Climate change activists have expressed disappointment that the agenda of the COP27 summit falls short of specifying the threshold to which the rising temperature should be controlled. This is reportedly due to pushback from some major oil and gas exporting nations. Limiting emissions A proposed draft agreement circulated on Saturday at the COP27 summit had 200 square brackets, Euro News reported. This means that on cutting emissions, countries are yet to reach a common consensus. ALSO READ | Earth set to face catastrophic warming in 9 years, study shows Some countries want emission-control measures on an annual basis whereas others are pressing for a longer-term roadmap. 'Loss and Damage' compensation to developing nations Pressure from developing countries ensured that the issue of 'loss and damage', compensation to developing nations by their developed counterparts, due to the latter's historical exploitation of the environment was placed on the formal agenda. WATCH | WION Wideangle | COP27: Who will pay for climate change? × The creation of an actual 'Loss and Damage' fund is yet to see the daylight on which the deadlock between the global south and global north must be resolved in the remaining days of the COP27 summit. Ceasing the use of fossil fuels Some countries demand the COP27 negotiations result in an explicit commitment by the nations to phase out the use of fossil fuels. Countries heavily dependent on fossil fuels have not been on board, pointing out the lack of funds required for the transition to renewable sources of energy. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

COP27 summit near halftime but critical issues remain unresolved

<p>Days after 16 Indian sailors in the custody of Equatorial Guinea's navy appealed to the Indian government to help them return home, Equatorial Guinea's neighbour Nigeria released a detailed statement with fresh allegations and counter-clarifications. The ship Mt. Heroic Idun, carrying 16 Indian sailors as well as an unspecified number of sailors from Poland, Sri Lanka, and the Philippines, has now been handed over to the Nigerian Navy by Equatorial Guinea, the Nigerian government said in a statement on Friday.&nbsp;</p>

<p><strong>ALSO READ |&nbsp;<a href="https://www.wionews.com/india-news/16-indian-sailors-unlawfully-detained-in-equatorial-guinea-for-over-three-months-531914">16 Indian sailors 'unlawfully' detained in Equatorial Guinea for over three months</a></strong></p>

<p>"The handover was carried out in Equatorial Guinea on November 6, 2022. It is now expected that the Vessel will return to Nigeria, for further investigations by the Nigerian Government," the statement said.&nbsp;</p>

<p>At the time of filing this report, WION can confirm that the Mt. Heroic Idun has arrived at Nigeria's Bonny Terminal-II under naval escorts. The Nigerian navy is likely to issue a statement.&nbsp;</p>

<p>Nigeria has accused the vessel Mt. Heroic Idun of entering the restricted zone around an oilfield without authorisation, illegally attempting to load crude oil from Nigeria without appropriate documentation which, it said, 'is tantamount to economic sabotage'. Nigeria has also alleged that the ship with Indian sailors onboard falsely accused the Nigerian Navy ship of piracy.</p>

<p>The family members of detained Indian sailors have said that the vessel was told to leave the Nigerian waters by authorities citing they did not have prior information about their arrival. However, a family member of the ship's master Tanuj Mehta added, as the ship moved towards Equatorial Guinea, it was followed by a Nigerian Navy ship which issued an alert. As a result, the ship was detained when it arrived in Equatorial Guinea in mid-August, the concerned family member of detained Indian shipmaster said.&nbsp;</p>

<p><strong>We are in touch with detained sailors: India</strong></p>

<p>India's Ministry of External Affairs informed issued a statement on Saturday saying&nbsp;that it is constantly monitoring the developments in the Africa's West coast.&nbsp;</p>

<p>"Our missions in Malabo, which is the capital of Equatorial Guinea, and in Abuja of Nigeria, are closely engaged with their respective local authorities in this case. We are also in touch with the detained sailors," Arindam Bagchi, spokesperson of India's Ministry of External Affairs said.</p>

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Days after 16 Indian sailors in the custody of Equatorial Guinea's navy appealed to the Indian government to help them return home, Equatorial Guinea's neighbour Nigeria released a detailed statement with fresh allegations and counter-clarifications.

Days after 16 Indian sailors in the custody of Equatorial Guinea's navy appealed to the Indian government to help them return home, Equatorial Guinea's neighbour Nigeria released a detailed statement with fresh allegations and counter-clarifications. The ship Mt. Heroic Idun, carrying 16 Indian sailors as well as an unspecified number of sailors from Poland, Sri Lanka, and the Philippines, has now been handed over to the Nigerian Navy by Equatorial Guinea, the Nigerian government said in a statement on Friday. ALSO READ | 16 Indian sailors 'unlawfully' detained in Equatorial Guinea for over three months "The handover was carried out in Equatorial Guinea on November 6, 2022. It is now expected that the Vessel will return to Nigeria, for further investigations by the Nigerian Government," the statement said. At the time of filing this report, WION can confirm that the Mt. Heroic Idun has arrived at Nigeria's Bonny Terminal-II under naval escorts. The Nigerian navy is likely to issue a statement. Nigeria has accused the vessel Mt. Heroic Idun of entering the restricted zone around an oilfield without authorisation, illegally attempting to load crude oil from Nigeria without appropriate documentation which, it said, 'is tantamount to economic sabotage'. Nigeria has also alleged that the ship with Indian sailors onboard falsely accused the Nigerian Navy ship of piracy. The family members of detained Indian sailors have said that the vessel was told to leave the Nigerian waters by authorities citing they did not have prior information about their arrival. However, a family member of the ship's master Tanuj Mehta added, as the ship moved towards Equatorial Guinea, it was followed by a Nigerian Navy ship which issued an alert. As a result, the ship was detained when it arrived in Equatorial Guinea in mid-August, the concerned family member of detained Indian shipmaster said. We are in touch with detained sailors: India India's Ministry of External Affairs informed issued a statement on Saturday saying that it is constantly monitoring the developments in the Africa's West coast. "Our missions in Malabo, which is the capital of Equatorial Guinea, and in Abuja of Nigeria, are closely engaged with their respective local authorities in this case. We are also in touch with the detained sailors," Arindam Bagchi, spokesperson of India's Ministry of External Affairs said. "We have actually had several rounds of consular access to these sailors and we are making all efforts for the early resolution of this issue," he added. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

India calls for early resolution as detained ship with 16 Indian sailors onboard reaches Nigeria

<p>Elon Musk will face an unexpected adversary in a US court next week. Richard Tornetta, a small&nbsp;Tesla shareholder and drummer for 'Dawn of Correction', a Philadelphia-based thrash metal band who played in concerts in the mid-2000s, has sued Elon Musk's Tesla, calling its pay packet "unfair".&nbsp;</p>

<p>Tornetta in a 2018 lawsuit had alleged that Tesla's pay packet, which is based on company performance targets, is unfair due to the targets being set particularly low, enabling Musk to earn tens of billions.&nbsp;</p>

<p><strong>WATCH |&nbsp;<a href="https://www.wionews.com/videos/elon-musk-faces-trial-over-56-billion-pay-package-532116">Elon Musk faces trial over $56 billion pay package</a></strong></p>

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<p>The lawsuit survived a motion to dismiss and is scheduled to go to court on Monday, November 14.&nbsp;It sets up the clash between the world's richest person against one of Tesla’s smallest investors, Richard Tornetta, who held just nine shares of the electric carmaker firm when he filed the suit in 2018.<br />
<br />
Tornetta has argued in his 96-page legal brief that the Tesla board failed to perform its fiduciary duty to minority investors by green-lighting “the largest compensation grant in human history”. The compensation, however, was put to a shareholder vote and approved.</p>

<p>The trial will be heard before the same Delaware judge who directed Musk to honor his contract with Twitter’s board to purchase the social media company.&nbsp;</p>

<p>"The disputed pay package allows Musk to buy 1% of Tesla's stock at a deep discount each time escalating performance and financial targets are met; otherwise Musk gets nothing," a Reuters report says.&nbsp;</p>

<p>"Tesla has hit 11 of the 12 targets as its value ballooned briefly to more than $1 trillion from $50 billion, according to court papers.</p>

<p>"Musk and the directors argue in court filings that the package kept Musk focused on Tesla during a difficult period and led to a 10-fold rise in the stock price."</p>

<p>If the lawsuit succeeds, it will strip Musk of his $56 billion pay via his stock grants, money which will benefit Tesla, rather than go to Tornetta directly.</p>

<p>Tornetta's Dawn Of Correction band was formed in 2005, releasing one album, Dead Hand Control, in 2008, before splitting a year later.&nbsp;</p>

<p><em>(With inputs from agencies)</em></p>

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Elon Musk will face an unexpected adversary in a US court next week. Richard Tornetta, a small Tesla shareholder and drummer for 'Dawn of Correction', a Philadelphia-based thrash metal band who played in concerts in the mid-2000s, has sued Elon Musk's Tesla, calling its pay packet "unfair".

Elon Musk will face an unexpected adversary in a US court next week. Richard Tornetta, a small Tesla shareholder and drummer for 'Dawn of Correction', a Philadelphia-based thrash metal band who played in concerts in the mid-2000s, has sued Elon Musk's Tesla, calling its pay packet "unfair". Tornetta in a 2018 lawsuit had alleged that Tesla's pay packet, which is based on company performance targets, is unfair due to the targets being set particularly low, enabling Musk to earn tens of billions. WATCH | Elon Musk faces trial over $56 billion pay package × The lawsuit survived a motion to dismiss and is scheduled to go to court on Monday, November 14. It sets up the clash between the world's richest person against one of Tesla’s smallest investors, Richard Tornetta, who held just nine shares of the electric carmaker firm when he filed the suit in 2018. Tornetta has argued in his 96-page legal brief that the Tesla board failed to perform its fiduciary duty to minority investors by green-lighting “the largest compensation grant in human history”. The compensation, however, was put to a shareholder vote and approved. The trial will be heard before the same Delaware judge who directed Musk to honor his contract with Twitter’s board to purchase the social media company. "The disputed pay package allows Musk to buy 1% of Tesla's stock at a deep discount each time escalating performance and financial targets are met; otherwise Musk gets nothing," a Reuters report says. "Tesla has hit 11 of the 12 targets as its value ballooned briefly to more than $1 trillion from $50 billion, according to court papers. "Musk and the directors argue in court filings that the package kept Musk focused on Tesla during a difficult period and led to a 10-fold rise in the stock price." If the lawsuit succeeds, it will strip Musk of his $56 billion pay via his stock grants, money which will benefit Tesla, rather than go to Tornetta directly. Tornetta's Dawn Of Correction band was formed in 2005, releasing one album, Dead Hand Control, in 2008, before splitting a year later. (With inputs from agencies) WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Elon Musk faces trial against heavy metal drummer over $56 billion paycheck

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