US Stocks Drop 0.8% as Trump Raises Tariffs to 15%
US stocks fell sharply after President Donald Trump announced a 15% temporary tariff on imports, marking an escalation from his earlier 10% rate following a Supreme Court ruling.
Business
Sri Lanka Customs Officers Begin Black Armband Protest Over Promotions Delay
Sri Lanka's Customs Trade Union Alliance has begun a protest by having officers report for duty wearing black armbands, citing a six-year delay in promotions and unresolved grievances.
Man Sentenced to Six Years and Caning for Sexual Harassment of 7-Year-Old Girl
A 40-year-old man was sentenced to six years in prison and two strokes of the cane for sexually harassing a seven-year-old girl in Kota Kinabalu, Malaysia.
India’s Rooftop Solar Installation Surpasses 30 Lakh Under PM Surya Ghar Scheme
Installation of rooftop solar power systems has surpassed 30 lakh households since February 2024 under India's PM Surya Ghar: Muft Bijli Yojana, according to Union Minister Pralhad Joshi.
India’s NMP 2.0 Targets Rs 10 Lakh Cr in 5 Years, Upscaling Infrastructure Financing
India's National Monetisation Pipeline 2.0, announced by Finance Minister Nirmala Sitharaman, aims to mobilise Rs 10 lakh crore over five years, significantly expanding on the Rs 6 lakh crore target of its predecessor.
Philippines Industrial Growth Slows as Foreign Investment Drops 50%
Philippine foreign investment approvals fell by half in 2025 to 4.7 billion U.S. dollars, marking the largest decline in five years as global uncertainties and domestic challenges weigh on the manufacturing sector.
Former Prince Andrew Arrested in UK Over Epstein Ties, U.S. Justice Lags for Victims
Former Prince Andrew of the United Kingdom was arrested Thursday on suspicion of misconduct linked to his relationship with financier Jeffrey Epstein, raising questions about accountability for Epstein's victims in the United States.
Extortion Surges 50% Under Interim Government, Warns DCCI
Businesses in Bangladesh face a 50% increase in extortion since the fall of the Awami League government, according to the Dhaka Chamber of Commerce and Industry, warning of potential factory closures if the trend continues.
Biotech Fund Sells $84M in Nuvalent Shares as Stock Rises 29%
A major biotech investment fund has sold $84 million worth of shares in Nuvalent, a Cambridge-based cancer therapy developer, despite the stock rising nearly 30% over the past year.
FDA Clears Low-Dose MRI Contrast Agent for Neonates and Infants
The FDA has approved a low-dose MRI contrast agent for use in neonates and infants, marking a significant step in pediatric imaging safety.
Episcopal Priest Pleads Guilty to $10M Wire Fraud Scheme
An Episcopal priest who previously led a Kansas-based foster care ministry has pleaded guilty to a $10 million wire fraud scheme, marking one of the largest financial crimes in the church's history.
Stepan Reports Q4 2025 Net Loss Amid Strategic Shifts and Market Pressures
Stepan Company reported a quarterly adjusted net loss of $500,000 for the fourth quarter of 2025, citing margin compression in Surfactants and a less favorable tax rate, while laying out a strategic initiative to cut costs by $100 million by 2027.
Jordan’s Dead Sea Tourist Beach Reopens as High-End Destination with New Facilities
Jordan's Dead Sea Tourist Beach has reopened with a major redevelopment, offering a high-end family-friendly experience and positioning the region as a global tourism hub.
Mondottica Expands Distribution of Off-White and Palm Angels in Spain and Portugal
Mondottica Group has announced a new distribution deal with local partner Xavi Fuste to bring Off-White and Palm Angels eyewear to Spain and Portugal, marking a key expansion for both luxury brands.
Bozeman Bookstore Owner Fears High-Rise Development Will Displace Small Businesses
A Bozeman bookstore owner fears she may be the last independent shop standing as high-rise developments encroach on her business, comparing her situation to the iconic scene in the movie 'Up.'