Explanation

The EU fully implemented the definitive regime of the Carbon Border Adjustment Mechanism (CBAM) on January 1, 2026.

This is world’s first carbon tax.

With the aim to prevent carbon leakage

Iron and steel, aluminum, cement, electricity, hydrogen, and fertilisers have been covered under these mechanisms.

Additional Information:

EU stands for European Union.

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Explanation

The EU fully implemented the definitive regime of the Carbon Border Adjustment Mechanism (CBAM) on January 1, 2026.

This is world’s first carbon tax.

With the aim to prevent carbon leakage

Iron and steel, aluminum, cement, electricity, hydrogen, and fertilisers have been covered under these mechanisms.

Additional Information:

EU stands for European Union.

 ***

Explanation

About G7 Summit 2026

Starting date: 14 June 2026

Closing date: 15 June 2025

Edition: 52nd 

Venue: France 

Note: the 51st G7 summit was held in 2025 in Canada.

Additional Information:

The Group of Seven (G7) is an intergovernmental political and economic forum

G7 has Canada, France, Germany, Italy, Japan, the UK and the US as its members.

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Explanation

Cryptocurrency mining and exchange have been granted legal recognition in Turkmenistan after its president signed a new law.

The law came into effect on 01 January 2026.

Additional Information: 

A cryptocurrency is a digital currency designed to work through a computer network.

Explanation

The United States military invaded Venezuela in 2026

The main objective of this operation was to capture Venezuelan President Nicolás Maduro and his wife, Cilia Flores

Maduro has been charged with nacro-terrorism and weapons charges 

This operation has been named ‘Operation Absolute Resolve’.

The operation was launched on 3 January 2026.

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Explanation

The United States military invaded Venezuela in 2026

The main objective of this operation was to capture Venezuelan President Nicolás Maduro and his wife, Cilia Flores

This operation has been named ‘Operation Absolute Resolve’.

The operation was launched on 3 January 2026.

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Explanation

The United States military invaded Venezuela in 2026

The main objective of this operation was to capture Venezuelan President Nicolás Maduro and his wife, Cilia Flores

This operation has been named ‘Operation Absolute Resolve’.

The operation was launched on 3 January 2026.

 ***

Explanation

The United States military invaded Venezuela in 2026

The main objective of this operation was to capture Venezuelan President Nicolás Maduro and his wife, Cilia Flores

This operation has been named ‘Operation Absolute Resolve’.

The operation was launched on 3 January 2026.

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Explanation

Colonel Nabeel Ahmed Rana was elected as the new President of the Pakistan Taekwondo Federation in early January 2026.

Explanation