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Defence Minister Rajnath Singh, speaking in Jammu and Kashmir, sharply condemned Pakistan's dire economic state and its reliance on external financial aid, particularly from the International Monetary Fund (IMF). His visit, the first since Operation Sindoor, included strategic military briefings and morale-boosting sessions with frontline troops. Singh remarked, "After begging and begging, that country is in such a position that you can say that the line of beggars begins wherever Pakistan stands," referencing the IMF's recent disbursement of $1.023 billion to Pakistan, which has now received around $2.1 billion under its current programme. He contrasted this with India's role in funding the IMF to assist poorer nations. Singh's comments followed a series of military exchanges between India and Pakistan, including precision strikes and retaliatory actions, which culminated in a ceasefire agreement reached on May 10 through military talks. 
Published: May 15 2025, 12 pmeznews.inDavid Perdue, the newly appointed U.S. ambassador to China, is set to emphasize his close ties to former President Donald Trump as he aims to restore communication between Washington and Beijing. A former Republican senator from Georgia, Perdue replaces Nicholas Burns, a career diplomat who departed in January. His arrival follows a truce in Geneva that paused the ongoing trade war between the U.S. and China, which has raised global recession concerns. Perdue, who has shifted from a pro-trade stance to a China hawk, will focus on negotiating a trade deal and addressing the flow of fentanyl precursors from China, which is linked to U.S. tariffs. Analysts expect Perdue to adopt a more pragmatic approach compared to his predecessor, potentially facilitating better economic relations. His extensive business background and previous congressional experience in China may aid in addressing ongoing issues like market access and intellectual property theft.
Published: May 15 2025, 6 pmeznews.inIran has expressed willingness to negotiate a nuclear deal with the United States, contingent on the lifting of sanctions and the allowance for uranium enrichment for civilian purposes under international oversight. Ali Shamkhani, a senior adviser to Supreme Leader Ayatollah Ali Khamenei, emphasized that Iran would commit to not developing nuclear weapons, dismantling its stockpiles of highly enriched uranium, and limiting enrichment levels. In exchange, Iran demands immediate sanctions relief, with Shamkhani affirming that an agreement could be signed if these conditions are met. Tensions persist, however, as Iranian leaders criticized U.S. President Donald Trump's approach, with Iranian President Masoud Pezeshkian rejecting intimidation tactics. The U.S. and Iran have been engaged in ongoing negotiations, with both sides acknowledging the challenges ahead, particularly regarding the influence of Israeli Prime Minister Benjamin Netanyahu on the talks.
Published: May 15 2025, 6 pmeznews.inIn a significant development ahead of trade minister Piyush Goyal's visit to Washington, Donald Trump has claimed that India has proposed a trade deal involving "no tariffs." Speaking in Doha during his Middle East tour, Trump expressed frustration over Apple's plans to manufacture iPhones in India instead of the US, urging CEO Tim Cook to reconsider. Meanwhile, Apple is accelerating its production plans in India, aiming to shift most of its iPhone manufacturing there by 2026 to avoid potential tariffs on Chinese goods. Following Trump's tariff comments, Indian equity markets surged to a seven-month high, as Goyal's delegation seeks to finalize a trade deal within the government's "Autumn" timeline. Reports suggest India may reduce duties to zero on 60% of tariff lines while offering preferential access to 90% of US imports, with both nations targeting a bilateral trade increase to $500 billion by 2030.
Published: May 15 2025, 7 pmeznews.inIndia and the United States are engaged in intricate negotiations for a significant trade deal, with External Affairs Minister S. Jaishankar emphasizing the need for mutual benefits. The proposed agreement could elevate bilateral trade to over $500 billion by 2030, encompassing a diverse range of goods, including agricultural products and military equipment. Jaishankar highlighted that any deal must be advantageous for both nations, cautioning that no decisions have been finalized. The talks are particularly pivotal following the return of Donald Trump to power, who previously imposed tariffs on Indian imports. In response, India has adjusted tariffs on certain American goods while striving to maintain a cooperative trading relationship. The discussions also occur against the backdrop of regional tensions, underscoring the complex interplay of trade and diplomacy. Additionally, India has recently secured trade agreements with the UK and the European Free Trade Association, further diversifying its international trade partnerships.
Published: May 15 2025, 5 pmeznews.inUnfounded allegations regarding cocaine use by French President Emmanuel Macron and German Chancellor Friedrich Merz during a train journey to Ukraine have emerged from a far-right French social media account. The claims, which inaccurately suggested that a crumpled tissue seen in footage was a bag of cocaine, gained traction after being amplified by US conspiracy theorists and eventually reached Russian officials. Macron's office dismissed the rumors as "fake news" propagated by France's adversaries, highlighting ongoing concerns about Russian disinformation campaigns amid the conflict in Ukraine. The conspiracy gained momentum on social media, with posts accumulating millions of views, and was further fueled by prominent figures like Alex Jones. Experts noted that while the initial spread was organic, various factions later connected to amplify the narrative, transforming it into a viral "crowd phenomenon."
Published: May 15 2025, 5 pmeznews.inFrench luxury brand Dior confirmed on Wednesday that cyberattackers had accessed customer data, although no financial information was compromised. The incident, which reportedly occurred in January, prompted Dior to notify affected clients in Asia after a report by Le Monde. In a statement, the brand acknowledged that an unauthorized third party accessed certain customer details, including names, email and postal addresses, and telephone numbers, but emphasized that no bank card information was involved. Dior is currently collaborating with cybersecurity experts to investigate the breach and has informed relevant regulatory authorities. The company is also in the process of notifying affected customers. The attack on Dior follows a worrying trend, as several prominent European retailers, including Marks and Spencer, Harrods, and the Co-op, have recently experienced similar cyber threats, highlighting the growing vulnerability of luxury brands to cybercrime.
Published: May 15 2025, 3 pmeznews.inThe International Criminal Court (ICC) is facing serious allegations against its Chief Prosecutor, Karim Khan, who is accused of silencing a female colleague alleging sexual assault by invoking the ongoing Palestine case. According to a Wall Street Journal investigation, Khan allegedly warned the woman, a Malaysian human rights lawyer, that pressing charges could jeopardize justice for Palestinian victims. She claims the alleged assaults began shortly after she joined his team in 2023 and escalated during a December 2023 ICC meeting in New York, where she alleges Khan raped her in his hotel suite. Despite his promises to improve workplace conduct, Khan's alleged actions have prompted an internal crisis, with an investigation launched by the UN Office of Internal Oversight Services. Khan has denied the allegations and any connection to the Israel-Palestine case. Removing him from office would require a majority vote from the ICC's 125 member states.
Published: May 15 2025, 4 pmeznews.inIn May 1975, the Japanese Women's Everest Expedition (JWEE) faced a life-threatening avalanche while en route to conquer Mount Everest, just days before their scheduled summit attempt. On May 4, at an altitude of 20,700 feet, the team, led by Eiko Hisano, endured the harrowing incident that left climber Junko Tabei and five others trapped under snow. Remarkably, no one was injured, and after a brief recovery, Tabei resumed the ascent. Initially planning to send two climbers to the summit, logistical challenges meant only one could go, leading to Tabei's historic climb on May 16, 1975. She became the first woman to reach Everest's peak, accompanied by sherpa Ang Tsering. Born in 1939, Tabei was an accomplished mountaineer and environmental advocate until her death in 2016, famously stating, "Do not give up. Keep on your quest."
Published: May 15 2025, 4 pmeznews.inUS President Donald Trump announced on Thursday that the United States is nearing a nuclear agreement with Iran, which he described as Tehran's only alternative to potential military action. Speaking in Qatar, Trump indicated that Iran has "sort of" agreed to the deal's terms, emphasizing a preference for an "intelligent" resolution over a "brutal" one. He praised Qatar's Emir, Sheikh Tamim bin Hamad Al Thani, for his diplomatic efforts in facilitating the negotiations, suggesting Iran should express gratitude for his support. Trump noted that Iran's compliance could involve relinquishing its stockpiles of highly enriched uranium in exchange for the lifting of US sanctions. Following his remarks, oil prices fell sharply, with Brent crude dropping over 3% to below $64 a barrel, amid ongoing tensions stemming from Trump's withdrawal from the 2015 nuclear accord.
Published: May 15 2025, 4 pmeznews.inWarren Buffett, the 94-year-old billionaire and CEO of Berkshire Hathaway, has announced his retirement, attributing the decision to age-related physical challenges. In an interview with the *Wall Street Journal*, Buffett, who has led the company for 60 years, acknowledged the irreversible nature of aging, citing issues like losing balance and struggling with names as factors in his decision. He will pass the CEO role to Greg Abel by the end of the year, noting a significant difference in their energy levels and effectiveness. Despite stepping down, Buffett remains mentally sharp and intends to continue making investment decisions, confident in his ability to capitalize on market opportunities. Under his leadership, Berkshire Hathaway has transformed from a small textile firm into a $1 trillion conglomerate, owning diverse businesses from Duracell to Geico, and holding stakes in major companies like Coca-Cola and Bank of America.
Published: May 15 2025, 4 pm
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