Secret ballot to pick next UN chief
The UN Security Council will begin an informal secret ballot to pick the next secretary-general of the organisation today. The council will choose a candidate to recommend to the General Assembly for election later this year, but the results of the closed-door polls will not be made public. Twelve candidates are in contention to be the successor of current Secretary-General Ban Ki Moon. The council hopes to agree on a candidate by October.
Schools mark Racial Harmony Day
Schools in Singapore will be commemorating Racial Harmony Day today to remember Singapore's 1964 race riots. The annual event reminds students of the importance of maintaining racial and religious harmony here. In 1964, the ensuing violence from one race riot lasted five days and left 22 people dead and more than 450 injured.
ECB to announce monetary policy
The European Central Bank's governing council will announce its monetary policy at the end of its two-day meeting today.
Economists predict it will keep interest rates and the pace of quantitative easing unchanged but act later in the year. When ECB chief Mario Draghi holds his press conference after the decision, he is expected to reiterate his call for government support via a global alignment of monetary, fiscal and regulatory strategies.