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As Indian equity markets brace for the implementation of US President Donald Trump's "Liberation Day" tariffs, which impose a 26% duty on Indian exports alongside a 10% baseline tariff, concerns loom over the potential impact, particularly on the electronics, gems, and jewellery sectors. However, experts suggest that the effects may be limited due to India's modest share of global exports, which stood at 2.4% in 2023. While the tariffs could affect only 0.1% of India’s GDP, they may also present opportunities, especially as Indian exporters could benefit from increased competitiveness against nations like China and Vietnam, which face higher tariffs. The Indian government is actively pursuing a Bilateral Trade Agreement with the US and negotiating free trade agreements with seven countries, potentially mitigating tariff impacts. The Federation of Indian Export Organizations anticipates market opportunities exceeding $50 billion for Indian exporters over the next few years, underscoring the resilience and adaptability of India's economy. 
Published: Apr 06 2025, 1 pmeznews.inAn Indian national, Singh Sagar, has been charged with stealing over SGD 1,800 (INR 1,14,705) worth of goods from five shops at Singapore's Changi Airport. The 37-year-old faces five theft charges after allegedly pilfering items such as stationery, chocolates, and jewellery from Terminal 3's departure transit area over a span of three hours on March 23. His spree commenced at WH Smith bookstore, where he reportedly stole more than SGD 550 (INR 35,032) worth of merchandise, including stationery sets and a power bank. He continued his theft at various stores, including The Cocoa Trees and Victoria's Secret, taking multiple boxes of chocolates, jewellery, and other items. Following the thefts, police apprehended Singh, preventing his departure from Singapore. He is scheduled to plead guilty on April 25.
Published: Apr 07 2025, 3 pmeznews.inThe death of 17-year-old Walid Ahmad in an Israeli prison is believed to be primarily due to starvation, according to an autopsy observed by Dr. Daniel Solomon. Ahmad, who had been held for six months without charge for allegedly throwing stones, suffered from severe malnutrition and signs of colon inflammation and scabies. Palestinian officials reported that he collapsed in Megiddo Prison, where conditions have reportedly worsened since the outbreak of the Gaza war. Rights groups claim widespread abuse in Israeli detention facilities, with many prisoners experiencing inadequate medical care and poor sanitary conditions. Ahmad's family, who described him as a healthy teen before his arrest, has not yet received a death certificate and seeks to reclaim his body for burial. The Israeli prison service stated it operates within the law, while an investigation into Ahmad’s death is ongoing.
Published: Apr 07 2025, 3 pmeznews.inOn April 2, 2023, US President Donald Trump announced sweeping tariffs that exceeded expectations, prompting a global market downturn and raising fears of inflation and economic instability reminiscent of the Great Depression. While most countries have refrained from immediate retaliation, China has implemented reciprocal tariffs of 34% on US imports, targeting Trump’s agricultural supporters. The European Union is divided on retaliation, with nations like Germany and France opting for cautious negotiations amid political transitions. The Prime Minister of Singapore warned that smaller nations might lose bargaining power as trade negotiations shift to bilateral agreements. As the US pivots away from globalization, India faces a critical moment, seeking to negotiate a multi-sectoral trade agreement to navigate the new tariffs. Despite the chaos, opportunities for cooperation, particularly in technology and defense, remain as the US aims to maintain its global leadership against the backdrop of rising competition from China.
Published: Apr 07 2025, 3 pmeznews.inGlobal markets experienced a staggering $5 trillion loss following President Donald Trump's announcement of sweeping tariffs affecting 184 countries, but billionaire investor Warren Buffett emerged not only unscathed but also wealthier. According to the Bloomberg Billionaires Index, Buffett was the sole billionaire among the world's ten richest to gain, adding $12.7 billion to his net worth, which now stands at $155 billion, tying him with Bill Gates. While major tech figures like Elon Musk and Jeff Bezos suffered significant financial hits, Buffett strategically shifted $134 billion from stocks to a record $334 billion cash reserve, primarily in short-term US Treasury bills, effectively shielding Berkshire Hathaway from the market downturn. Despite fears of recession exacerbated by the tariffs, Berkshire's shares have risen 9% year-to-date. Buffett has denied endorsing Trump's tariff policies, stating he will remain silent on the matter until the upcoming shareholder meeting on May 3.
Published: Apr 07 2025, 3 pmeznews.inResidents in Myanmar's earthquake-affected regions are preparing for thunderstorms following heavy rains that hampered rescue efforts after a devastating 7.7 magnitude quake struck near Mandalay on March 28. The disaster has left 3,564 confirmed dead, over 5,000 injured, and many missing, with extensive damage reported across six regions, including Naypyitaw. The military government has announced that thousands of buildings, schools, and infrastructure have been damaged, complicating relief operations. Rescuers have faced challenges due to inclement weather, which has caused additional collapses and hindered access to affected areas. Amidst ongoing civil unrest since the military coup in February 2021, the situation remains dire, with many survivors sleeping outdoors as they await assistance. The state-run MRTV has warned of continued rain and strong winds, urging the public to remain vigilant against potential landslides and further hazards.
Published: Apr 07 2025, 2 pmeznews.inIn a tumultuous divorce and custody battle, billionaire tech entrepreneur Prasanna Sankar and his estranged wife, Dhivya Sashidhar, have exchanged serious allegations. Sankar, co-founder of Rippling and valued at $1.3 billion, accused Sashidhar of harassment and alleged she had an extramarital affair, claiming he was "on the run" from Chennai police over a kidnapping complaint she filed regarding their son. In contrast, Sashidhar has accused Sankar of soliciting prostitutes, attempting to coerce her into an open marriage, and using hidden cameras to spy on her. She described her marriage as a "nightmare," detailing instances of coercion and emotional abuse. The couple's legal disputes have been exacerbated by claims of tax evasion, with Sashidhar alleging that Sankar moved the family internationally to shield his wealth. The ongoing custody battle has seen them navigating complex legal terrain, with both sides presenting contrasting narratives of their relationship and parenting.
Published: Apr 07 2025, 2 pmeznews.inA recent sea lion attack on 15-year-old Pheobe Beltran off the Long Beach coast has raised concerns about erratic animal behavior along Southern California's shoreline. This incident, which occurred on March 30, marks the second attack in recent weeks, prompting experts to investigate potential causes. They suggest that a rise in algae-induced toxins, particularly from harmful algal blooms known as red tide, may be influencing sea lion aggression. John Warner, CEO of the Marine Mammal Care Centre in Los Angeles, noted that the current bloom appears to be particularly severe, with affected sea lions exhibiting symptoms like lethargy and disorientation. Giancarlo Rulli, a spokesperson for the centre, emphasized the rarity of such attacks and advised the public to maintain a safe distance from marine animals. Besides Ms. Beltran, a surfer in Ventura County was also bitten by a sea lion earlier in March, describing the experience as deeply unsettling.
Published: Apr 07 2025, 2 pmeznews.inEuropean stock markets experienced a dramatic decline on Monday, driven by a global sell-off linked to US President Donald Trump's tariffs. Frankfurt led the downturn, plummeting by as much as 10 percent, while Paris saw a drop of over 6 percent and London nearly 6 percent. Other major European indices were also significantly affected, with Amsterdam and Oslo both reporting losses exceeding 5 percent, and Milan falling by more than 3 percent. The widespread losses reflect growing concerns among investors about the potential economic impact of escalating trade tensions. As the markets opened, the atmosphere was marked by uncertainty, prompting a rush to sell off shares across the continent. This sharp decline underscores the fragility of investor confidence in the face of geopolitical developments.
Published: Apr 07 2025, 1 pmeznews.inA church in Shipley, England, has gained attention for its unconventional approach to attracting new followers by merging pro wrestling with religious services. Founded in 2022 by Gareth Thompson, 37, St. Peter's Anglican Church, dubbed the "Wrestling Church," offers attendees a unique experience that combines WWE-style entertainment with spiritual sermons. Thompson, who describes himself as both preacher and ringmaster, believes wrestling narratives parallel biblical stories, allowing him to connect faith with familiar cultural themes. With church attendance declining in the UK, Rev. Natasha Thomas notes the need for creative outreach to engage diverse communities. A typical evening at the Wrestling Church includes a brief prayer followed by two hours of wrestling matches. Despite mixed opinions on the initiative, Thompson reports that 30 individuals were baptized in the church's first year, highlighting its potential to reach those who may not typically attend traditional services.
Published: Apr 07 2025, 1 pmeznews.inOn April 7, global financial markets experienced a dramatic downturn, with the Sensex plummeting nearly 3,000 points and the Nifty dropping below the critical 22,000 threshold, resulting in a significant loss of investor wealth. The turmoil was attributed to escalating trade tensions between the US and China, as Japan's Nikkei fell by 7%, South Korea's Kospi by 5%, and Hong Kong's Hang Seng by over 10.5%. European markets were not spared, with Frankfurt witnessing a decline of up to 10% amid a widespread sell-off triggered by US President Donald Trump’s tariffs. In response to the market chaos, Trump denied any intention to provoke a sell-off, stating he could not predict market reactions and emphasizing the need to address trade deficits. "Sometimes you have to take medicine to fix something," he remarked, amid calls for live updates on the ongoing stock market crisis.
Published: Apr 07 2025, 1 pm
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