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Harvard University is reportedly in advanced negotiations to sell private equity fund interests worth approximately $1 billion, amidst financial uncertainty and threats from former President Donald Trump to cut federal funding. These threats are linked to pro-Palestinian protests on campus over Israel's military actions in Gaza and other contentious issues such as climate policies and diversity initiatives. The Harvard Management Company, which oversees the university’s $53 billion endowment—the largest in U.S. higher education—is working with Jefferies Financial Group on the potential sale to Lexington Partners. While the terms of the deal remain fluid, it follows Harvard's recent announcement of plans to borrow $750 million as a precautionary measure. Other Ivy League institutions, including Yale and Princeton, are also considering similar financial maneuvers in response to federal funding conditions and grant freezes. 
Published: Apr 25 2025, 7 ameznews.inIn a candid interview with Sky News, Pakistan's Defence Minister Khwaja M Asif acknowledged that Islamabad has engaged in "dirty work" for the US and Western nations over the past three decades, particularly in backing and training terrorist groups. This admission came in response to questions about Pakistan's history of supporting terrorism, which Asif described as a "mistake" that has led to significant suffering for the country. He argued that Pakistan's reputation could have been "unimpeachable" had it not aligned with Western powers during pivotal conflicts like the Soviet-Afghan war and the US-led campaign against the Taliban post-9/11. His remarks follow a recent terror attack in Pahalgam, Kashmir, where 26 civilians were killed, with responsibility claimed by 'The Resistance Front,' an offshoot of the notorious Lashkar-e-Taiba, underscoring ongoing tensions and violence linked to Pakistan's historical support for militant groups.
Published: Apr 25 2025, 2 pmeznews.inUS President Donald Trump has directed the Justice Department to investigate ActBlue, the main fundraising platform for Democrats, amid accusations that he is weaponizing government against political opponents. In a memorandum to Attorney General Pam Bondi, Trump called for a probe into alleged foreign and illicit payments linked to the platform, which enables small-dollar donations for election campaigns. He specifically highlighted concerns over "straw" donations and foreign contributions, both illegal under US law. This move has drawn criticism from Democrats, who argue it could undermine their fundraising efforts ahead of the crucial midterm elections. The investigation follows a report from three House committees alleging extensive fraud on ActBlue, although it provided no new evidence. Democrats have accused Trump of abusing his power for political gain, with some strategists suggesting this could be his most authoritarian action yet as he faces declining approval ratings.
Published: Apr 25 2025, 12 pmeznews.inHarvard University is in advanced negotiations to sell approximately $1 billion in stakes from its private equity funds amid growing financial pressures and a sluggish market for illiquid assets. The Harvard Management Company, which oversees the largest endowment in U.S. higher education, is collaborating with Jefferies Financial Group to facilitate the sale to Lexington Partners in a secondary transaction. This move follows increased scrutiny from the Trump administration, which halted $2.2 billion in multi-year grants and suggested taxing Harvard as a "political entity." In response to these pressures, the university implemented a hiring freeze and issued $750 million in bonds. Harvard's endowment, valued at $53 billion, has allocated nearly 40% to private equity, but liquidity issues have prompted the need for secondary sales. Meanwhile, Yale University is also exploring similar options for its $41 billion endowment, reflecting a broader trend among elite institutions facing investment challenges.
Published: Apr 25 2025, 1 pmeznews.inChina is reportedly contemplating the suspension of its 125% tariffs on select US imports, including medical equipment and certain industrial chemicals like ethane, as the repercussions of the ongoing trade war impact various sectors. Officials are also weighing the removal of tariffs on aircraft leases, crucial for airlines that do not own their fleets outright. This potential tariff relief has already influenced market dynamics, with the offshore yuan gaining against the dollar. The discussions reflect the interconnectedness of the US and Chinese economies, with significant reliance on US goods in key industries, including healthcare and plastics. While the list of potential exemptions remains fluid, Chinese companies have been prompted to submit customs codes for necessary goods. However, diplomatic relations remain strained, with China demanding the US lift all unilateral tariffs before resuming trade talks, despite the US recently exempting certain electronics from its tariffs.
Published: Apr 25 2025, 1 pmeznews.inUS President Donald Trump, who is constitutionally barred from a third term, has stirred speculation about a potential 2028 campaign with merchandise featuring the slogan "Trump 2028" available on his online store. The Trump family-run store is selling red caps for $50 and T-shirts for $36, both emblazoned with the campaign slogan. This move follows Trump's recent comments suggesting he is "not joking" about a third term, despite acknowledging it is early in his current administration. He hinted at unconventional methods for a potential run, including Vice President JD Vance possibly stepping aside for him. The 22nd Amendment prohibits anyone from being elected president more than twice. Trump also expressed interest in a hypothetical rematch against former President Barack Obama. Meanwhile, opinion polls indicate public concern over Trump's handling of pressing issues during the early days of his second term, such as rising living costs and tariff policies.
Published: Apr 25 2025, 1 pmeznews.inApple plans to shift the assembly of all iPhones sold in the United States to India as early as next year, marking a significant pivot in its manufacturing strategy to reduce reliance on China, according to a report by the Financial Times. The decision hinges on India's ability to enhance its supply chain and the outcome of ongoing trade discussions between the US and China, amid pressure from former President Donald Trump for Apple to relocate production. Production at Foxconn's Bengaluru plant is set to commence this month, with the potential to manufacture up to 20 million units annually. In the past year, India's contribution to Apple's iPhone output surged to nearly 20%, with exports from Foxconn witnessing over a 40% increase. Additionally, strong demand in India has led to record shipments of over 3 million iPhones in early 2025, supported by various affordability schemes.
Published: Apr 25 2025, 1 pmeznews.inA former New Mexico judge, Joel Cano, and his wife, Nancy Cano, have been arrested for allegedly harboring Cristhian Ortega-Lopez, a suspected member of the Venezuelan Tren de Aragua gang, at their Las Cruces home. The couple faces charges including evidence tampering after federal agents discovered Ortega-Lopez, who entered the U.S. illegally in December 2023, living in their guesthouse. Initially hired for home repairs, Ortega-Lopez was allowed to stay, and the couple's daughter reportedly permitted him to handle firearms, leading to their seizure by authorities after being shared on social media. Investigators also found gang-related evidence linking Ortega-Lopez to criminal activities. Homeland Security officials indicated that two additional suspected gang members were also staying at the Cano residence. The couple is currently held without bail at the Dona Ana County Detention Center, prompting calls for accountability from local political leaders.
Published: Apr 25 2025, 11 ameznews.inDonald Trump's online store has begun selling merchandise featuring "Trump 2028," despite the former president being constitutionally barred from running for a third term. The 78-year-old, whose approval ratings have plummeted, has hinted at the possibility of serving again, suggesting constitutional amendments could facilitate this, though experts deem such a move unlikely. Among the new offerings are red caps priced at $50 and T-shirts at $36 that read "Trump 2028 (Rewrite the Rules)." Trump's merchandise line includes a variety of products, from Mother's Day gifts to jewelry, and even a private dinner invitation for top investors in his cryptocurrency, $TRUMP. The 22nd Amendment limits presidents to two terms, and any attempt to amend it would require significant legislative support, making the prospect of a third term a challenging endeavor.
Published: Apr 25 2025, 11 ameznews.inA New York Police Department (NYPD) officer, Travis DeSouza, 35, has been arrested and charged with attempting to engage in sexual conversations with an undercover officer posing as a 14-year-old girl. DeSouza, a 13-year veteran assigned to the 75th Precinct in Brooklyn, was taken into custody after allegedly sending sexually explicit messages and images to the undercover officer, whom he believed to be a participant in the NYPD's youth "Police Explorers" programme. He faces multiple charges, including first-degree attempted dissemination of explicit content to minors and third-degree attempted endangerment of a child's welfare. DeSouza reportedly acknowledged the age of the supposed minor while continuing to send inappropriate messages. Following his arrest, he was placed on unpaid leave by the NYPD and released without bail. The case raises serious concerns about the integrity of the department's youth outreach initiatives.
Published: Apr 25 2025, 11 ameznews.inAnnabel Elliot, the younger sister of Queen Camilla, has revealed her reluctance to curtsy to her sister, despite Camilla's two-decade tenure in the royal family. In a profile for Tatler by royal biographer Robert Hardman, Elliot expressed her struggle with the traditional gesture, which is less rigidly enforced today. While royal customs still dictate that women should curtsy and men bow when greeting the monarch, many choose to forgo these practices. At 76, Elliot, a respected interior designer and antiques dealer, has been a close confidante of Queen Camilla, assisting in the design of royal properties and serving as a lady-in-attendance during King Charles III's coronation. Throughout 2024, she supported Camilla through personal trials, including health challenges and the loss of a pet. Reflecting on Camilla's coronation, Elliot described the surreal experience of seeing her sister in a golden coach, recalling her own childhood memories of royal ceremonies.
Published: Apr 25 2025, 12 pm
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