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JP Morgan has forecasted that the US economy is likely to enter a recession this year, primarily due to newly imposed tariffs by President Donald Trump. In a note to investors, chief US economist Michael Feroli indicated that the tariffs could lead to a contraction in gross domestic product (GDP) and an increase in the unemployment rate to 5.3 percent. This prediction follows Trump's announcement of reciprocal tariffs on various countries, aimed at rebalancing trade relationships. Federal Reserve Chair Jerome Powell expressed concerns that these tariffs could exacerbate economic damage and complicate inflation control efforts. While tariffs of 10 percent on imports will take effect on April 5, countries with large trade deficits, including India, will face higher tariffs starting April 9. Despite the tariffs, brokerage firm Jefferies suggested that key Indian sectors like IT services might be insulated, although a broader US economic slowdown could still negatively impact demand for Indian exports. 
Published: Apr 05 2025, 12 pmeznews.inChina's state-run media has embraced AI technology to produce videos criticizing US President Donald Trump and the tariffs he has imposed, which they claim are exacerbating inflation and economic hardship for American consumers. One notable video from CGTN features an automated voice lamenting the impact of tariffs on affordable Chinese cars, juxtaposed with imagery of distressed individuals, suggesting that Trump's "Liberation Day" has instead led to financial strain for many families. Another AI-generated clip from Xinhua depicts a robot named TARIFF that opts for self-destruction rather than impose high tariffs, symbolizing the turmoil of trade wars. As the US faces potential economic downturns and retaliatory measures from trade partners, economists warn that consumers will likely experience rising prices. The CGTN video starkly portrays the consequences of tariffs, with lyrics expressing the turmoil felt across American industries.
Published: Apr 05 2025, 11 pmeznews.inOn Saturday, approximately 1,200 demonstrations are set to take place across the United States, marking what organizers anticipate to be the largest day of protest against President Donald Trump and billionaire ally Elon Musk since the administration's shift towards a conservative agenda. Dubbed the "Hands Off!" protests, the events aim to express widespread discontent with Trump's extensive use of executive orders to reshape both foreign and domestic policy. Ezra Levin, co-founder of Indivisible, emphasized that the protests send a strong message against the perceived threats to democracy posed by Trump and his allies. Participation includes around 150 activist groups, with significant rallies planned in all 50 states and several countries, including Canada and Germany. While the White House has dismissed claims regarding cuts to Social Security and Medicaid, critics argue that Trump's agenda faces legal challenges for overstepping his authority. Prominent organizations like the Service Employees International Union and the Human Rights Campaign are among those involved.
Published: Apr 05 2025, 11 pmeznews.inUS tech billionaire Elon Musk expressed his hope for a future of unrestricted trade between the United States and Europe, just days after President Donald Trump announced new tariffs on trading partners. Speaking via video link at a congress for Italy's right-wing League Party in Florence, Musk advocated for a zero-tariff scenario to create a free trade zone between Europe and North America. Trump's recent plans impose a 20% tariff on Italy and other EU nations, prompting concerns from Italy's Economy Minister Giancarlo Giorgetti, who called for "de-escalation" with the US and cautioned against retaliatory measures. Musk, an adviser to Trump and supporter of right-wing parties in Europe, also emphasized the need for greater freedom of movement between the regions, suggesting that individuals should be allowed to work across borders. His remarks come amid ongoing discussions about trade relations and immigration policies.
Published: Apr 05 2025, 11 pmeznews.inThree US aid workers were unexpectedly laid off while assisting in Myanmar's earthquake recovery efforts, highlighting the impact of the Trump administration's cuts to foreign aid. Marcia Wong, a former senior official at the US Agency for International Development (USAID), revealed that the workers, who have been living in the earthquake zone, were informed of their termination during an all-staff meeting. Despite the US pledging $9 million in aid following the devastating 7.7 magnitude quake that claimed over 3,300 lives, the administration's significant reductions in USAID funding have hampered disaster response capabilities. Meanwhile, other nations like China and India have stepped in to provide assistance. Secretary of State Marco Rubio defended the US response, attributing challenges to Myanmar's military government, which restricts foreign aid operations. He also stated that the US would no longer be the leading humanitarian donor, urging other wealthy nations to contribute more to the crisis.
Published: Apr 06 2025, 12 ameznews.inLos Angeles County has announced a landmark $4 billion settlement to address thousands of sexual abuse claims involving nearly 7,000 victims from juvenile facilities and children's homes dating back to the 1980s through the 2000s. The agreement, which requires approval from the board of supervisors, follows a 2020 state law that allowed survivors of childhood sexual abuse to pursue legal action beyond the typical statute of limitations. County Chief Executive Officer Fesia Davenport expressed deep regret for the harm caused and emphasized the county's commitment to systemic changes to protect young people. Victims, including those who suffered at the now-closed MacLaren Children's Center, described their experiences as traumatic, with many expressing mixed feelings about the settlement. The financial repercussions for the county, which has a population of nearly 10 million, will involve significant budget adjustments and annual payments extending into the next decade.
Published: Apr 05 2025, 10 pmeznews.inIsraeli Prime Minister Benjamin Netanyahu is set to visit the White House on Monday, amid a backdrop of complex issues affecting US-Israel relations. This visit comes in the wake of President Donald Trump's unexpected imposition of 17 percent tariffs on Israeli imports, a move aimed at addressing the significant trade deficit with Israel, the US's key ally in the Middle East. Netanyahu's trip, which was reportedly advanced following the tariff announcement, marks him as the first foreign leader to negotiate directly with Trump on this matter. The discussions are also likely to touch on the ongoing search for a ceasefire in Gaza, following renewed Israeli military operations, and the pressing concerns surrounding Iran's nuclear program. This visit follows a recent phone call between the two leaders, which also addressed Hungary's withdrawal from the International Criminal Court.
Published: Apr 05 2025, 10 pmeznews.inPrime Minister Narendra Modi engaged with members of Sri Lanka's 1996 World Cup-winning cricket team during his two-day official visit to the country. Arriving on Friday night for bilateral discussions and the signing of key agreements, Modi expressed his delight in meeting the celebrated team, which famously defeated Australia in the final by seven wickets at Lahore. In a message on social media platform 'X', he noted how the team's victory had captivated sports fans worldwide. Prominent players present included Kumara Dharmasena, Aravinda de Silva, Sanath Jayasuriya, Chaminda Vaas, Upul Chandana, and Marvan Atapattu, who presented Modi with a commemorative memento. The final, played on March 17, saw Aravinda de Silva score an unbeaten 107 runs, leading Sri Lanka to chase down Australia's total of 241 with ease.
Published: Apr 05 2025, 10 pmeznews.inUkrainian President Volodymyr Zelensky has voiced his deep disappointment with the United States' response to a recent missile and drone attack by Russian forces on his hometown of Kryvyi Rih, which claimed the lives of 19 people, including nine children. In an emotional social media post, Zelensky criticized the US for its reluctance to directly name Russia in its statements, describing the American reaction as "unpleasantly surprising" for a nation of such strength. He urged for a more robust condemnation of Russia's actions, stating, "We must not be afraid to call a spade a spade." US Ambassador to Ukraine, Bridget Brink, expressed her horror at the attack, but Zelensky deemed her comments insufficient. Amidst this, Ukrainian forces retaliated with a drone strike on a Russian explosives factory, underscoring Ukraine's resolve to defend itself against ongoing aggression. Meanwhile, UK and French military leaders reaffirmed their commitment to Ukraine's long-term security.
Published: Apr 05 2025, 9 pmeznews.inUS Secretary of State Marco Rubio has expressed growing impatience with the stalled peace talks between Russia and Ukraine, warning that time is running out for Russia to prove its commitment to negotiations. Following discussions with NATO ministers in Brussels, Rubio emphasized the urgency of the situation, suggesting that within weeks, it will be clear whether Russia is serious about achieving peace or merely stalling for military advantage. Amidst conflicting demands—Russia seeks recognition of its annexation of Crimea and a halt to Ukraine's NATO ambitions, while Ukraine calls for total Russian withdrawal and security guarantees—European leaders are increasingly concerned about US priorities in negotiations. Additionally, Rubio urged NATO allies to boost military spending to strengthen the alliance's presence in the region. Meanwhile, European military leaders are exploring troop deployments to ensure compliance with any potential ceasefire, a move Russia has firmly opposed.
Published: Apr 05 2025, 6 pmeznews.inA harrowing video retrieved from the phone of a deceased aid worker in Gaza appears to contradict Israeli military claims regarding an attack that killed 15 humanitarian personnel on March 23. The Palestine Red Crescent Society (PRCS) reported that the video, filmed from a moving vehicle, shows ambulances with flashing lights amidst heavy gunfire, directly challenging the Israeli military's assertion that they targeted "suspicious vehicles." The footage captures the final moments of the aid workers, who were responding to emergency calls in Rafah, and includes a medic reciting the Islamic declaration of faith as gunfire erupts. The UN High Commissioner for Human Rights has condemned the killings, raising concerns of potential war crimes, while calls for an independent investigation into the incident have intensified. The bodies of the victims, found in a mass grave, were reportedly still in their uniforms, underscoring the tragedy of the attack.
Published: Apr 05 2025, 7 pm
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