Current Affairs International - 29 October 2015

1. As per recent 2015 United Nations Asia-Pacific Disaster Report, published by United Nations today, The Asia Pacific region is the most disaster prone part of the world as it had suffered around 1,625 disasters in the decade through 2014. As per the report, disasters in Asia Pacific region accounted for 40% of the global total and claimed over half a million of lives over the decade. The disasters in past decade have affected around 1.4 billion people and caused over 523 billion dollars in economic damage which includes 772 million poor people in the region itself.

2. Sylvie Lucas, Luxembourg's envoy to the UN, has been appointed as the next chair of the Intergovernmental Negotiations (IGN) on the UN Security Council (UNSC). Lucas replaces Ambassador Courtenay Rattray of Jamaica, who achieved the UNSC reform process by introducing a negotiating text that included the proposals and positions of various members on the expansion of UNSC.

3. The Federal Reserve, Central Bank of USA, has kept its benchmark interest rate unchanged during its monetary policy review today. At the same time, the US central bank made it clear that an increase is possible in December considering better US economic growth. The Federal Reserve has kept the target for its benchmark funds rate at a record low in a range of zero to 0.25% since December 2008.