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Junjie Zhang, a 30-year-old Chinese entrepreneur, has become a billionaire following the successful listing of his tea shop chain, Chagee Holdings Ltd, on Nasdaq, which raised $411 million amid US-China economic tensions. Priced at the top end of expectations, Chagee's shares surged 40% shortly after trading began, elevating Zhang's net worth to $2.6 billion, primarily from his stake in the company. Founded in 2017 in Yunnan, Chagee distinguishes itself from bubble tea brands by offering premium, milk-based teas and aims to revive ancient tea-making methods. With over 6,440 stores, mostly in China, Chagee is positioned for growth in a market projected to reach $58 billion by 2028. However, challenges include backlash in Malaysia over geopolitical issues and a crowded market, leading analysts to suggest that the US IPO may be its best chance for expansion amidst a declining appetite for new tea beverage investments in Hong Kong. 
Published: Apr 18 2025, 12 pmeznews.inScott Galloway, a prominent US marketing professor, has sharply criticized Elon Musk's political involvement, claiming it has resulted in “one of the greatest brand destructions” in Tesla's history. On the podcast Pivot, Galloway argued that Musk's alignment with Republicans, who largely oppose electric vehicles (EVs), has alienated Tesla's core customer base. He noted a dramatic decline in Tesla's reputation, plummeting from the eighth-most reputable brand in 2021 to 95th, alongside significant sales drops in key European markets—59% in France, 81% in Sweden, and 74% in the Netherlands. Galloway emphasized that Tesla's competitor, BYD, has now outsold it in Europe. Following a 71% profit dip reported by Tesla, Musk announced he would reduce his role in the controversial Department of Government Efficiency (DOGE) after facing investor backlash. His political donations, including $200 million to support Trump, further complicated Tesla's standing among EV customers.
Published: May 24 2025, 5 pmeznews.inMuhammad Yunus, the head of Bangladesh's interim government, is seeking a five-year extension in power as military pressure mounts for elections following last year's violent protests that led to the government's collapse. Supporters of the Nobel laureate have taken to the streets in Dhaka, demanding "reforms first, elections later," amid accusations that Yunus is attempting to maintain control without facing the electorate. Appointed as Chief Adviser after the ousting of Sheikh Hasina, Yunus faces criticism for delaying elections and has reportedly threatened to resign over backlash against his controversial proposal for a Rohingya Corridor, which critics allege is backed by the U.S. The military insists that only an elected government can address territorial issues, with Army Chief General Waker-Uz-Zaman emphasizing the need for elections by December. Meanwhile, the Bangladesh Nationalist Party remains neutral, advocating for timely elections but not calling for Yunus's resignation.
Published: May 24 2025, 3 pmeznews.inIn Wahiawa, Hawaii, a shocking attack on a 21-year-old woman with an intellectual disability has sparked outrage within the community. The incident, captured on video, shows four teenagers taunting Carly, who is seen being physically assaulted as they kick and punch her while she lies on the ground. The attack escalated after one of the teens, 18-year-old Jasmine Keola, provoked Carly by throwing her backpack and slapping off her glasses. Local residents, angered by the cruelty displayed, actively pursued the attackers and assisted police in apprehending them, with some livestreaming their efforts to confront the bullies. Community member Michael Kitchens condemned the assault as "senseless" and expressed a lack of sympathy for the perpetrators. The incident has ignited a broader conversation about bullying and the treatment of vulnerable individuals, with many residents calling for accountability and compassion.
Published: May 24 2025, 4 pmeznews.inChristopher Paul Neil, a Canadian school teacher and convicted serial paedophile, was arrested in Thailand in 2007 after a global manhunt revealed his identity, which he had attempted to conceal using a swirl app. The case gained renewed attention following a viral Reddit post featuring side-by-side images of Neil, one swirled and one unswirled. At the time of his arrest, Neil, then 32, faced charges for sexually abusing minors, with nearly 200 explicit images linked to him. Following a nine-day campaign led by Interpol, tips from the public and police tracing of his cell phone led to his capture in Nakhon Ratchasima. Neil, known as "swirl face," served time in both Thailand and Canada, where he later pleaded guilty to additional charges, including child pornography possession. He is currently 50 years old and has been deported to Canada following his release.
Published: May 24 2025, 1 pmeznews.inHarvard University has filed a lawsuit against the Trump administration, challenging its decision to revoke the institution's eligibility to enroll international students, which the university claims violates the First Amendment. A judge has temporarily blocked this move, which would impact approximately 7,000 visa holders. If the administration's action were to stand, Harvard would be unable to enroll foreign students for two years and would force current students to transfer to other colleges to maintain their visas. The controversy stems from a request by Homeland Security Secretary Kristi Noem for information on students that could lead to deportations. Among those affected are notable students like Cleo Carney, daughter of Canadian Prime Minister Mark Carney, and Princess Elisabeth of Belgium, both awaiting clarity on their academic futures. Harvard has condemned the government's actions as "unlawful," asserting that international students are vital to its mission and community.
Published: May 24 2025, 2 pmeznews.inIn Gaza City, Mervat Hijazi, 38, and her nine children are enduring extreme hunger, having gone without food for an entire day, save for a sachet of peanut paste for her underweight baby. The family's dire situation reflects the wider humanitarian crisis in Gaza, where a global hunger monitor warns that half a million people face starvation amid ongoing Israeli bombardments following Hamas's attack on October 7, which resulted in over 1,200 Israeli deaths. While Israel claims there is sufficient food in Gaza, it accuses Hamas of misappropriating aid, a claim denied by the group. Recently, Israel began allowing limited food supplies into Gaza, but aid agencies criticize the distribution plans as inadequate. Hijazi, whose husband was killed in the conflict, expressed her despair, stating, "We want to go back to live in homes - real homes," as her family struggles with hunger and fear in their makeshift tent.
Published: May 24 2025, 2 pmeznews.inBangladesh's interim leader Muhammad Yunus, who assumed office following a mass uprising last year, is set to meet with key political parties on Saturday amid rising tensions and protests. The 84-year-old Nobel Peace Prize laureate, leading the caretaker government until elections are organized, has urged rival factions to support his administration. His press secretary confirmed meetings with leaders of the Bangladesh Nationalist Party (BNP) and Jamaat-e-Islami, the country's largest Islamist party, ahead of elections anticipated by December. Political unrest has intensified since former Prime Minister Sheikh Hasina's departure in August 2024, with BNP supporters staging protests demanding a clear election timeline. Yunus, who returned from exile to lead the nation, has indicated he may resign if political backing does not materialize. Jamaat-e-Islami has also voiced opposition, particularly against a women's commission advocating for equality.
Published: May 24 2025, 2 pmeznews.inHong Kong has announced plans to expand its universities' intake of international students, particularly in light of a recent US government decision to block Harvard University from enrolling foreign nationals. This move, part of an ongoing feud between President Donald Trump and Harvard, has raised concerns about the future of thousands of international students and the financial contributions they make to US institutions. In response, Hong Kong's Education Secretary Christine Choi urged local universities to facilitate admissions for affected students. The Hong Kong University of Science and Technology (HKUST) specifically invited Harvard students to transfer, offering unconditional offers and streamlined admissions to ensure their educational pursuits continue uninterrupted. Trump's administration has faced backlash for its actions, which a US judge temporarily halted after Harvard's lawsuit, while Beijing criticized the politicization of educational cooperation, warning it could damage the US's international reputation.
Published: May 24 2025, 2 pmeznews.inThe Marubo tribe, an indigenous group from Brazil's Amazon, has initiated a defamation lawsuit against The New York Times, seeking $180 million in damages for what they claim is a false portrayal of their community as being addicted to pornography following their access to the internet. The lawsuit asserts that the report, which suggested the tribe's youth were unable to manage their new online environment, severely damaged their reputation and undermined their cultural integrity. The tribe argues that such depictions attack their character and social standing, implying a lack of discipline and values. Additionally, the lawsuit targets TMZ and Yahoo for amplifying these claims, which they allege have led to widespread misinformation across over 100 websites. While The New York Times later published a follow-up clarifying that the tribe did not develop a porn addiction, the Marubo maintain that the initial reporting has had lasting negative effects on their community.
Published: May 24 2025, 1 pmeznews.inHarvard University is facing scrutiny from the Trump administration over its ties to China, which have shifted from being viewed as beneficial to a potential liability. The administration has accused the university of fostering antisemitism and collaborating with the Chinese Communist Party, prompting a move to revoke its ability to enroll foreign students, including a significant number from China. A U.S. judge temporarily blocked this order following Harvard's legal challenge. Concerns about Chinese influence at Harvard are longstanding, with lawmakers worried about access to U.S. technology and suppression of dissent. The university's connections to China, including training for officials from a sanctioned paramilitary group, have raised alarms, while a former professor was convicted of failing to disclose ties to Beijing. Critics argue that banning foreign students is an ineffective response to legitimate concerns about Chinese repression and espionage.
Published: May 24 2025, 10 am
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