Major Global Events on November 5, 2024: India's Supreme Court Ruling, US Presidential Election, and Uniper's Repayment to Germany

India's Supreme Court Ruling on Islamic Schools
On November 5, 2024, India's Supreme Court overturned a previous order that banned Islamic schools, known as madrasas, in Uttar Pradesh. This decision reinstates the operation of approximately 25,000 madrasas, benefiting around 2.7 million students and 10,000 teachers. The Allahabad High Court had previously ruled in March that a 2004 law governing these schools violated constitutional principles of secularism. Chief Justice D.Y. Chandrachud emphasized the state's obligation to provide adequate education for children.

US Presidential Election Day
November 5, 2024, marks a significant day in the United States as approximately 244 million voters participate in the presidential election. The main candidates are Kamala Harris, the Democratic nominee, and Donald Trump, the Republican nominee. The election outcome is expected to be closely contested, with critical swing states playing a pivotal role. Concerns about potential post-election violence have been raised, with two-thirds of Americans expressing apprehension.

Uniper SE's Repayment to the German Government
Uniper SE has initiated efforts to repay the German government following a substantial bailout during the energy crisis. The utility company has allocated around €3 billion ($3.3 billion) in provisions related to its nationalization and has already paid €530 million to the state. This payment follows an arbitration ruling that allowed Uniper to cancel payment obligations to Gazprom, its former supplier, after realizing claims for damages.

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