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Tan Sri Ananda Krishnan, Malaysia's third richest individual with a net worth exceeding $5 billion, has recently garnered attention due to his son, Ajahn Siripanyo, who renounced wealth to become a Buddhist monk. At 86, Krishnan has built a diverse business empire encompassing telecommunications, satellites, and real estate, including ownership of the now-defunct Aircel. A Harvard Business School alumnus, he has a notable philanthropic record, donating millions to various causes through his holding company, Usaha Tegas. Despite his wealth, Krishnan maintains a low profile, embodying the journey from humble beginnings to success, which inspires many entrepreneurs. His son, Ajahn Siripanyo, made headlines for choosing a monastic life at 18, a decision supported by his father, who is also a devout Buddhist. Ajahn Siripanyo, linked to Thai nobility through his mother, currently serves as an abbot at a monastery near the Thailand-Myanmar border. 
Published: Nov 27 2024, 4 pmeznews.inPresident-elect Donald Trump has announced plans to impose a 25% tariff on goods imported from Mexico and Canada, effective January 20, his first day in office. This move, reminiscent of his previous trade war with China, aims to bolster US manufacturing but could significantly impact American consumers, leading to higher prices on essential goods. Mexico has become the top exporter to the US, and with Canada close behind, the new tariffs are expected to be unavoidable for many Americans. Key items affected include gasoline, where tariffs could increase prices by up to 75 cents per gallon, and produce, particularly avocados, which could see price hikes due to the heavy reliance on Mexican imports. Additionally, car prices may rise as many manufacturers depend on Mexican parts, while alcohol imports, especially beer and tequila, could also become more expensive, potentially leading to job losses in the hospitality sector. Economists warn that these tariffs could stifle economic growth and hurt consumers.
Published: Nov 27 2024, 5 pmeznews.inSupporters of former Prime Minister Imran Khan have taken to the streets of Islamabad, demanding his release from jail amid a backdrop of violent clashes with police. Leading the protests is Bushra Khan, Imran Khan's third wife, who has emerged as a prominent figure within the Pakistan Tehreek-e-Insaf (PTI) party. Defying government lockdowns, she rallied thousands of supporters at D-Chowk, insisting they would not disperse until her husband was freed. Despite a recent crackdown on PTI supporters, Bushra's public presence marks a significant shift in her role, drawing comparisons to historical figures like Benazir Bhutto. While she has maintained a low profile since their 2018 marriage, her recent activism has garnered admiration among supporters and caught the attention of the ruling coalition. Analysts suggest her emergence as a rallying figure could be pivotal for PTI as it navigates the current political turmoil.
Published: Nov 27 2024, 5 pmeznews.inIn a significant legal development, the Bangladesh High Court has acquitted former Prime Minister Khaleda Zia, the chairperson of the Bangladesh Nationalist Party (BNP), of corruption charges that previously led to her seven-year prison sentence. The court's decision, announced on Wednesday, overturns a 2018 ruling by a Dhaka court that convicted Zia in the Zia Charitable Trust corruption case, where she was accused of misusing power to generate funds from unknown sources. Alongside Zia, two other co-defendants were also acquitted. Zia, 79, had been imprisoned since February 2018 for this and another corruption case before being temporarily released in March 2020 amid the COVID-19 pandemic. Following a regime change, she received a full pardon in August 2023. Khaleda Zia served as Bangladesh's Prime Minister from 1991 to 1996 and again from 2001 to 2006.
Published: Nov 27 2024, 5 pmeznews.inPresident-elect Donald Trump's team is considering direct talks with North Korean leader Kim Jong Un to mitigate the risks of armed conflict. This diplomatic approach aims to build on their previous interactions during Trump's first term, which included three historic summits. However, the specifics of what Kim might offer in return remain uncertain, especially given North Korea's past disregard for outreach from President Joe Biden and its bolstered missile capabilities. Trump has appointed Alex Wong, a key figure in his initial North Korea strategy, as deputy national security adviser, signaling a potential return to personal diplomacy. The situation is tense, with concerns over North Korea's expanding nuclear arsenal and its cooperation with Russia amid the Ukraine conflict. As Trump prepares to take office, the Biden administration is expected to brief his team on these pressing issues, which may take precedence over North Korea in the new administration's foreign policy agenda.
Published: Nov 27 2024, 6 pmeznews.inUS lumber prices, already on the rise due to reduced Canadian production, could surge further following President-elect Donald Trump's proposed 25% tariffs on goods from Canada and Mexico. Lumber futures in Chicago increased by 2.1% to $599 per 1,000 board feet after Trump's announcement, which aims to curb the flow of fentanyl and migrants into the US. This move threatens to exacerbate an ongoing housing affordability crisis, as noted by Jim Tobin, president of the National Association of Home Builders. Canadian lumber, crucial for US supply, has already been impacted by sawmill closures and higher US duties. Additionally, the recent hurricane season has caused significant damage to southern US forests, further straining domestic production. While rebuilding efforts in hurricane-affected areas are expected to boost lumber sales, the overall market remains uncertain amid potential tariff implications.
Published: Nov 27 2024, 3 pmeznews.inA British lottery winner has claimed a staggering £177 million (approximately Rs 1804 crore) in the latest EuroMillions draw, surpassing the wealth of celebrities like Harry Styles and Anthony Joshua, both valued at £175 million. This win, which occurred on Tuesday, places the anonymous ticket holder third on the list of the UK's biggest lottery winners, with the winning numbers being 07, 11, 25, 31, 40, and Lucky Stars 09 and 12. The top spot remains with a record £195 million won in July 2022, followed by Joe and Jess Thwaite's £184 million victory in May 2022. Other notable winners include a £170 million prize from October 2019 and Colin and Chris Weir's £161 million in July 2011. The latest win highlights the life-changing potential of the EuroMillions lottery, with many past winners opting to establish charitable foundations.
Published: Nov 27 2024, 4 pmeznews.inA video of President-elect Donald Trump jokingly offering "millions" to buy a young black girl's hair during a golf outing in West Palm Beach, Florida, has gone viral, eliciting mixed reactions online. While driving a golf cart, Trump complimented the girl's hair, saying, "I love that girl. I want her hair. Can I buy your hair?" The girl, who mentioned voting for him, received an invitation to join him for a photo, delighting the crowd. However, the exchange sparked controversy, with some viewers finding it playful while others labeled it creepy or even racist. Critics expressed discomfort, with one user stating, "A grown man yells out that he wants to buy a young girl's hair. That's weird." Conversely, supporters defended the interaction as innocent, arguing that it was merely a compliment and a light-hearted moment. The incident underscores the polarized perceptions surrounding Trump's public persona.
Published: Nov 27 2024, 4 pmeznews.inBangladesh's interim government has labeled the International Society for Krishna Consciousness (ISKCON) a "religious fundamentalist" group in a recent High Court affidavit, amid rising tensions following the arrest of Hindu priest Chinmoy Krishna Das Brahmachari. His detention sparked protests in Rangpur, where the Hindu community, making up about eight percent of the nation’s 170 million people, demanded stronger protections and a dedicated minority affairs ministry. The military-backed administration, led by Nobel laureate Mohammed Yunus after the ousting of Prime Minister Sheikh Hasina, faces criticism for its handling of violence against minorities, including vandalism of Hindu properties. The government has stated it is scrutinizing ISKCON and reaffirmed the rights of all citizens to practice their faith freely. Meanwhile, India has expressed concerns over the arrest, prompting a diplomatic strain as Bangladesh's Foreign Ministry rejected what it termed interference in its internal matters.
Published: Nov 27 2024, 4 pmeznews.inWalmart has announced the discontinuation of several programs supporting diversity, including the removal of LGBTQ+ products from its website and the closure of a non-profit aiding minority groups. This move reflects a wider trend among major corporations, prompted by pressure from conservative activists and influenced by the US Supreme Court's recent ruling against affirmative action in higher education. As the largest employer in the US, with around 1.6 million employees, Walmart joins other companies such as Tractor Supply, Lowe's, Ford, Molson Coors, Bud Light, and Target in scaling back diversity, equity, and inclusion (DEI) initiatives. In a statement, Walmart acknowledged its ongoing journey towards inclusivity, emphasizing that its decisions are aimed at fostering a sense of belonging and creating opportunities for all associates, customers, and suppliers.
Published: Nov 27 2024, 2 pm
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