22nd August 2025 Daily Current Affairs

India & National Developments

• Major Japanese Investment & Security Pact Expected
  Ahead of Prime Minister Modi’s visit, India and Japan are poised to update their 2008 security cooperation declaration. Japan is likely to announce a hefty $68 billion investment in India, reflecting deepening economic and strategic ties.

• New Naval Leadership in Karnataka
  Rear Admiral Vikram Menon has taken command as the Flag Officer Commanding of the Karnataka Naval Area, based at Karwar Naval Base. A seasoned veteran and Sea Harrier pilot with over 30 years of experience, he will now oversee all regional naval operations

Markets & Tech

• Market Watch & Big Tech Deals
  U.S. stock futures rose slightly ahead of Federal Reserve Chair Powell’s speech at Jackson Hole, as markets searched for clues on potential rate cuts. In corporate news, Nvidia halted production of its H20 AI chip for China due to security concerns, while Meta signed a $10 billion-plus cloud services deal with Google—a major expansion alongside deals with Microsoft and Amazon. Intuit shares fell after issuing weak forward guidance, and Bitcoin gained modestly amid lower gold futures and rising oil prices

Global Affairs

• Famine Declared in Gaza; Rugby World Cup Begins
  The UN’s food security classification has escalated to Phase 5, confirming a famine in Gaza City—marking the worst possible situation and threatening hundreds of thousands with starvation. This grim development coincides with the 2025 Women’s Rugby World Cup, which kicked off in England today.

• Former Sri Lankan President Arrested
  On 22 August, Sri Lanka’s former President Ranil Wickremesinghe was arrested by the Criminal Investigation Department over allegations of misappropriating state funds.

Summary Table