eznews.in
China has refuted claims that it mandates companies to surrender data, following TikTok's imposition of a €530 million ($600 million) fine by the European Union for mishandling personal data. The fine, the second-largest ever levied by the EU, stems from TikTok's transfer of user data from Europe to China without adequate protections against access by Chinese authorities. TikTok, a subsidiary of ByteDance, plans to appeal the ruling. China's foreign ministry emphasized that the country does not compel illegal data collection or storage and urged the EU and Ireland, where TikTok's European headquarters is located, to foster a fair business environment. Amid ongoing scrutiny over national security and misinformation concerns, TikTok faces increasing pressure in the U.S., where legislation has been enacted requiring ByteDance to divest control of the platform or face a ban. 
Published: May 03 2025, 7 pmeznews.inPakistan's Defence Minister Khawaja Asif has issued a stark warning to India regarding any construction on the Indus River, which he claims would violate the Indus Waters Treaty, recently suspended in the wake of the deadly Pahalgam terror attack that claimed 26 lives. Asif characterized any such actions as "Indian aggression," asserting that Pakistan would retaliate against any structures built on the river. He emphasized that aggression can take many forms, including the diversion of water resources, which could lead to humanitarian crises. Pakistan plans to formally notify India of its concerns regarding the treaty's suspension, following consultations among key government ministries. Meanwhile, Prime Minister Narendra Modi has vowed to hold accountable those behind the Pahalgam attack, granting the military full operational freedom to respond. On a related note, Pakistan conducted a training launch of its Abdali missile system, capable of striking targets up to 450 kilometers away.
Published: May 04 2025, 9 ameznews.inPakistan's ambassador to Russia, Muhammad Khalid Jamali, has issued a stark warning that Islamabad may deploy its full military capabilities, including nuclear weapons, if India attacks or disrupts Pakistan's water supply. In an interview with RT, Jamali cited credible intelligence indicating imminent Indian military strikes on Pakistani territory, claiming that leaked documents support this assertion. His remarks follow heightened tensions after a recent terror attack in Jammu and Kashmir, which India blames on Pakistan. In response, India has suspended the Indus Waters Treaty, a critical agreement governing water distribution, which Jamali termed an act of war. Pakistan's Defence Minister echoed this sentiment, threatening to target any Indian infrastructure built on the Indus River. Meanwhile, Pakistan conducted a missile test, further escalating tensions, as India imposed a ban on imports from Pakistan, leading to reciprocal restrictions from Islamabad.
Published: May 04 2025, 9 ameznews.inIsrael is mobilizing tens of thousands of reservists in preparation for an expanded military offensive in Gaza, as Prime Minister Benjamin Netanyahu criticized Qatar for its role in mediating a truce. Reports indicate that the Israeli military has begun issuing orders to reservists to replace active-duty soldiers, allowing them to be redeployed to Gaza. The security cabinet is expected to meet to discuss the offensive's expansion, which resumed on March 18 following a two-month ceasefire. Amid rising tensions, Hamas released a video of a wounded Israeli-Russian hostage, Maxim Herkin, as Israeli airstrikes reportedly killed 11 Palestinians, including infants. Protests in Tel Aviv called for the government to prioritize hostage release, with critics warning that escalated military actions could endanger captives. The humanitarian situation in Gaza continues to deteriorate, with aid deliveries blocked since early March, raising alarms from UN agencies.
Published: May 04 2025, 10 ameznews.inPakistan has responded to India's recent punitive measures by banning Indian flag carriers from its ports, following India's decision to prohibit imports from Pakistan and block Pakistani ships from entering Indian waters. This escalation in tensions comes after a deadly terror attack in Pahalgam, which killed 26 individuals, primarily tourists. India's new restrictions, which include a complete ban on goods from Pakistan and the suspension of mail exchanges, were justified on national security grounds. While India had already imposed a 200% import duty on Pakistani goods in 2019, this latest move extends the ban to goods routed through third countries. In a show of military readiness, Pakistan's army conducted a successful missile test, which India has labeled a provocative act. Meanwhile, Sri Lankan police searched a flight from Chennai for a suspect linked to the Pahalgam attack, which Indian officials attribute to four identified terrorists, including two from Pakistan.
Published: May 04 2025, 7 ameznews.inWarren Buffett, the 94-year-old billionaire investor and CEO of Berkshire Hathaway, announced on Saturday his intention to step down at the end of the year, a surprising shift from his previous statements about retirement. Buffett, who transformed Berkshire from a struggling textile manufacturer into a diversified conglomerate since taking control in 1965, is renowned for his investment acumen, earning him the title "Oracle of Omaha." Among his most successful investments are National Indemnity, American Express, Coca-Cola, and Apple, which collectively have generated significant returns. However, Buffett has also faced setbacks, notably his initial investment in Berkshire Hathaway's textile operations and the costly acquisition of Dexter Shoe Co. He acknowledged missed opportunities, particularly in tech giants like Amazon and Google, and regrets selling bank stocks too early. Buffett's legacy as a preeminent investor remains intact, as he prepares to pass the reins to successor Greg Abel.
Published: May 04 2025, 8 ameznews.inRussia launched an overnight drone attack on Kyiv, resulting in damage to several residential buildings and igniting fires in various parts of the city, according to local military officials. Timur Tkachenko, head of Kyiv's military administration, reported that debris from the drones caused fires in the Obolonskyi and Sviatoshynskyi districts, affecting multiple vehicles. Mayor Vitali Klitschko confirmed that medics were dispatched to assist in the Sviatoshynskyi area. Eyewitnesses reported hearing explosions, suggesting the activation of air defense systems. The attack coincided with air-raid alerts across Kyiv and its surrounding regions. No immediate response from Moscow followed the incident, which raised questions about potential ceasefire negotiations during Russia's upcoming May 8-10 commemorations. Meanwhile, a separate drone attack in the Cherkasy region sparked additional fires, although local authorities reported no injuries. Both nations continue to deny targeting civilians amid ongoing hostilities.
Published: May 04 2025, 8 ameznews.inWarren Buffett announced at Berkshire Hathaway's annual shareholder meeting in Omaha that he will step down as CEO at the end of the year, appointing 62-year-old Canadian executive Greg Abel as his successor. Abel, who has been with Berkshire for over seven years managing its BNSF railroad and various food brands, was confirmed as Buffett's successor in 2021. While Abel is expected to uphold Berkshire's decentralized culture based on integrity and trust, he faces the challenge of matching Buffett's legendary investment acumen. Buffett and board members have praised Abel's strategic thinking and high integrity, with longtime board member Ron Olson acknowledging that while Abel is not another Buffett, he shares many fundamental qualities. Abel's leadership will oversee nearly 400,000 employees and a diverse portfolio of businesses, with shareholders anticipating a unanimous board vote to formalize his new role.
Published: May 04 2025, 8 ameznews.inUkraine's military intelligence agency has reported the downing of a Russian Su-30 fighter jet by a missile fired from a maritime drone, marking a historic first for warfare. The incident, which occurred in the Black Sea approximately 50 kilometers west of Novorossiisk, was carried out by a special unit known as Group 13 and involved a Magura V5 drone, according to Ukrainian Defence Intelligence (GUR). The agency described the operation as a coordinated effort with the Security Service of Ukraine and other military units. The Su-30, valued at $50 million, was reportedly engulfed in flames before crashing into the sea. In response, the mayor of Novorossiisk declared a state of emergency following a separate Ukrainian drone attack that injured five people. Meanwhile, Russia retaliated with an overnight drone assault on Kyiv, resulting in damage and fires in residential areas. The Russian Defence Ministry has yet to comment on the fighter jet incident.
Published: May 04 2025, 8 ameznews.inWarren Buffett, the esteemed CEO of Berkshire Hathaway, addressed shareholders at the company's annual meeting, often dubbed the "Woodstock for Capitalists," emphasizing the interconnectedness of global prosperity. He asserted that as the world becomes more prosperous, the United States will benefit, stating, "the more prosperous the rest of the world becomes, it won't be at our expense." Buffett criticized the use of trade as a weapon, warning that such tactics can lead to negative consequences and heightened tensions, particularly in the context of U.S. attitudes. He advocated for balanced trade, arguing it fosters a better global environment. Buffett also reflected on capitalism's successes in the U.S. and acknowledged the challenges of managing investments, humorously noting that Apple CEO Tim Cook has outperformed him financially. Despite historical challenges, he urged optimism, reminding attendees that past crises have been navigated successfully.
Published: May 04 2025, 7 ameznews.inIn a decisive victory, Prime Minister Lawrence Wong's People's Action Party (PAP) secured 87 out of 97 parliamentary seats in Singapore's General Election on Saturday, marking a significant mandate amid global economic uncertainties linked to US trade tariffs. This election, Wong's first as Prime Minister since taking office last May, saw approximately 2.6 million eligible voters cast ballots at 1,240 polling stations for 92 contested seats. The PAP, Singapore's dominant political force since independence in 1965, faced challenges from opposition parties addressing issues like the high cost of living and the increasing foreign workforce. Despite these pressures, Wong expressed gratitude for the strong mandate, pledging to honor the voters' trust. The election comes as Singapore grapples with the economic repercussions of the US-China trade war, with manufacturing activity showing signs of recession, further complicating the political landscape.
Published: May 04 2025, 2 am
For the fastest, latest, not so wokest news, 'experts say' you need to visit Eznews
India
World
Economy
Science
Health
Showbiz
Contact