Current Affairs - Vocabulary - SPLessons

Current Affairs Vocabulary Day 5

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Current Affairs Vocabulary Day 5

shape Introduction

A Newspaper is a printed or online publication that provides readers with news and articles i.e. the current affairs of a country and the world. Current Affairs play a prominent role in several government related recruitment exams in India. To better understand the current state of affairs, a candidate should acquire rich vocabulary primarily used by editors and publications of newspaper articles and editorials. SPLessons has made an effort to provide a comprehensive list of commonly used words in newspaper articles and editorials. Current Affairs Vocabulary Day 5 provides the readers with a collection of useful vocabulary for newspapers.

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Foreign investors snap up London’s iconic buildings

LONDON’S skyline has altered a lot in the last 30 years. While it can’t match Manhattan or Chicago, there are quite a few trophy buildings that can be seen from this columnist’s office window (for the moment*). The British sense of humour means these offices often acquire their own nicknames, regardless of the developer’s intentions—the Cheesegrater or the Gherkin, for example.

And the buildings also tend to get snapped up by foreign investors. The latest to go is the “Walkie Talkie” at 20, Fenchurch Street which has been bought by Lee Kum Kee, a Hong Kong food company, for £1.3bn, the highest amount ever paid for a British building. Presumably the company, best known for its oyster sauce, is not planning to transfer production to the site; this is a punt on the London property market.

Ironically, it was only a year ago that many British property funds had to suspend trading in the wake of the Brexit vote. But the medium-term effect of the vote was to drive down the value of the pound and attract bargain-hunters armed with foreign currencies. The Cheesegrater was bought in March this year.

It remains to be seen whether this is a good long-term bet; Japanese investors splurged on American and British properties in the 1980s and 1990s and had a mixed record. Brexit means that some banks are moving some staff overseas (mostly to Frankfurt); on the other hand, Amazon is expanding its London presence. The bigger threat to London property may come from domestic politics, rather than Brexit; a Jeremy Corbyn-led government with plans for higher taxes on profits, executive salaries and even compulsory property purchases might scare away expat investors. Lee Kum Kee could yet be left with sauce on its face.

shape Vocabulary

Word Definition Synonyms Usage
Acquire(Verb) Buy or obtain (an asset or object) for oneself.
  • Obtain
  • Come by
  • Come to
  • Get
  • Receive
She acquired a collection of fine art prints
Intentions (Noun) A thing intended; an aim or plan
  • Aim
  • Purpose
  • Objective
  • Goal
She was full of
good intentions
Presumably (Adverb) Used to convey that what is asserted is very likely though not known for certain.
  • I assume
  • I expect
  • I believe
  • I presume
  • I suppose
It was not yet ten o’clock, so presumably the boys
were still at the pub.
Punt (Verb) Travel or convey in a punt
  • Boot
  • Indentation
  • Propel
In summer you can
enjoy punting
along the river
Ironically (Adverb) Used in reference to a paradoxical, unexpected, or coincidental situation.
  • Amusingly
  • Jokingly
  • Absurdly
  • Jocosely
  • Facetiously
ironically, the rescue craft which saved her was the boat she was helping to pay for.

Word Definition Synonyms Usage
Splurged (Verb) Spend (money) freely or extravagantly
  • Binge
  • Celebrate
  • Fling
  • Rampage
  • Spread
I’d Splurged
about Rs. 2,500 on clothes.
Expatriate (Adj) Denoting or relating to a person living outside their native country
  • Emigrant
  • Living abroad
  • Working abroad
  • Non-native
Expatriate workers
Jibe (Verb) Usually used with with a story that doesn’t jibe with the facts
  • Match
  • Tally
She jibed all the details of the account
Bastion (Noun) A Projecting part of a rampart or other fortification
  • Support
  • Stronghold
The king had his place fortified with bastions
Portentous (Adjective) Too serious and trying to be very important
  • Haunting
  • Intriguing
  • Ominous
  • Alarming
She has given a portentous performance