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India and Canada Re-establish Relations With Landmark Nuclear Energy Deal India and Canada are working to repair their damaged relationship by signing a 10-year nuclear agreement. This announcement was made after Indian PM Narendra Modi and Canadian Premier Mark Carney met in New Delhi. After months of diplomatic tension, both leaders announced a new beginning. Nuclear Energy and Uranium Supply Deal A long-term uranium agreement is at the heart of this renewed partnership. Narendra Modi, Prime Minister of India, confirmed Canada's support for India's nuclear civil energy program. Both countries are also collaborating on advanced reactor technologies and small modular reactors. Carney stated that Canada was well positioned to meet India’s increasing demand for nuclear energy. Carney said the agreement was part of a larger strategic energy partnership that aims to support clean, reliable power. Economic Targets and Trade Talks The trade was also a key topic of discussion. The two sides have agreed to move forward with a comprehensive economic partnership that has been pending for a very long time. Carney stated that he wanted to complete the free-trade agreement by 2026. Modi has set the goal of 50 billion dollars worth of bilateral trade. Both countries have plans to increase their cooperation, including in the areas of technology, vital minerals, aerospace, defence, educational, artificial intelligence and supercomputing. The two countries will host a joint renewable energy summit. The two governments want to minimize their exposure to the high US tariffs. The strategy includes strengthening trade relations with one another. Diplomatic Tensions and Rebuilding Trust The relationship between Canada and India deteriorated when Justin Trudeau, the former Canadian prime minister, accused India of being involved in the killing of Sikh rebel leader Hardeep Singh Nijjar by Canadian authorities. India has categorically denied the claim. Diplomats were expelled and visa services suspended. The trade and diplomatic relations slowed down sharply. Canadian courts continue to hear the case of four men accused in Nijjar’s murder. Carney, who took office in January last year has been working to restore ties. Carney's government said that it did not think India was currently involved in violent crimes or threats to Canada. Some members of Canada's Sikh Diaspora, as well as a Liberal MP have voiced concern. They still believe they are being targeted. Anita Anand, Canadian Minister of Foreign Affairs clarified she wouldn't use the same words as an Indian official who said that India has ended foreign interference. She defended a renewed dialogue, saying that diplomatic engagement was necessary for progress. A Strategic Shift for a Global Landscape in Change Analysts view the renewed partnership in a pragmatic way. India is looking to reduce its dependence on Russia and diversify their energy resources. Canada seeks new investment and market opportunities in Asia. The Canadian public also seems to be in favor of reengagement. Recent Angus Reid survey found that the half of Canadians think this is a good time to restore ties. A recent Angus Reid survey found that half of Canadians believe this is the right time to restore ties. Carney's four-day visit began in Mumbai where he met with business leaders for a boost to trade and investment. Carney will visit Australia and Japan after India as part of Canada’s larger strategy to increase economic partnership in the Indo Pacific Region.
BusinessUnited States

India and Canada Re-establish Relations With Landmark Nuclear Energy Deal

India and Canada are working to repair their damaged relationship by signing a 10-year nuclear agreement. After months of diplomatic tension, both leaders announced a new beginning. Nuclear Energy and Uranium…

How did Paramount beat Netflix to Warner Bros
BusinessUnited States

Paramount wins Warner Bros takeover battle over Netflix

Paramount wins Warner Bros takeover battle over Netflix After Netflix retracted its bid, Paramount Skydance won the race for Warner Bros Discovery. This deal represents a significant shift for Hollywood. It…

BusinessUnited States

Paramount wins $111 Billion bid for Warner Bros after Netflix steps back

Paramount Skydance will acquire Warner Bros Discovery for approximately $111 Billion (PS82.2 Billion). Netflix withdrew their offer and Paramount became the leading contender in a battle that lasted months for Hollywood's…

Why Asian firms are not cheering Trump tariff ruling
Business

Asian firms struggle amid Trump tariff uncertainty

Supreme Court Ruling Adds Confusion Asian companies did not rejoice when the US Supreme Court last week struck down an important part of Donald Trump's Tariff Program. The US market was…

Canada's finance minister says US is unlikely to lift tariffs
BusinessUnited States

Canada Faces Ongoing US Tariffs

Francois-Philippe champagne, Canada's Finance Minister, said that Canada may have to pay a "baseline tariff" to export goods to the United States. He made these remarks after US President Donald Trump…

Aston Martin cuts 20% of workforce as losses widen
Business

Aston Martin Acts after Significant Losses

Aston Martin will cut its staff by 20% after a dramatic increase in loss. Net losses for the company increased by 52% to PS493.2 millions in 2025. Around 3,000 employees work…

Paramount boosts Warner Bros offer to rival Netflix in takeover bid
Business

Paramount raises offer to buy Warner Bros and challenges Netflix Deal

Paramount Skydance increased its offer to purchase Warner Bros Discovery in order to beat Netflix's initial bid. New proposal includes $31 in cash per share, plus additional payments should the deal…

Shein's elusive boss hails Chinese roots in rare public appearance
Business

Shein founder reaffirms China ties with Guangdong Investment of 10bn Yuan

This week, the founder of Shein appeared in public for the first time and delivered a strong message. The company is still closely tied to China. Xu Yangtian, speaking at a…

US East Coast Snowstorm Cancels thousands of Flights Snowstorms ravaged the US East coast Monday, affecting millions and causing more than 5,700 cancellations of flights. Snowfall records, power failures, and hazardous travel conditions were all part of the storm. Northeastern Snowfall is Historic Rhode Island, Massachusetts and Connecticut were the hardest hit. Providence, Massachusetts received 36 inches more snow than the 1978 record. Central Park in New York City received over 19 inches. National Weather Service reported that some parts of Rhode Island had received 37 inches or more snow. The weather warnings covered parts of the eastern Canada, from North Carolina up to Maine's northern coast. NWS meteorologist Candice hrencecin described the record-breaking snowfall as "shocking". Travel Bans and Hazardous Roads Massachusetts, Rhode Island, Connecticut and Connecticut have all banned travel that is not essential to the safety of their citizens. White-out conditions can make roads dangerous. Officials have warned residents of this danger. Some residents felt trapped and were unable to leave home for several days. During the ban on travel, New York City closed all highways, bridges and roads. The police investigated an incident wherein officers in Washington Square Park were attacked with snowballs.
BusinessWeather

US East Coast Snowstorm Cancels Thousands of Flights

A historic US east coast snowstorm hit the region on Monday, leaving millions of people stranded and grounding over 5,700 flights. From Rhode Island to New York, heavy snow, strong…

Trump's New Tariffs Start at Lower Rate Amid Confusion US President Donald Trump's new global tariffs have officially taken effect at 10%, lower than initially promised. The move comes after the Supreme Court blocked some of his broader import tax plans last Friday. Trump initially announced a 10% global tariff, then suggested it could rise to 15%. Official documents, however, show the rate started at 10% from Tuesday, with no immediate instructions to raise it. A White House official told Reuters that the administration is working to update the rate to 15%, but the timing remains unclear. Businesses Face Uncertainty Carsten Brzeski, an analyst at investment bank ING, said the rapid changes "add to the chaos and mess" for businesses. He warned that the risk of a full-scale trade war is now higher than last year. Trump’s executive order Friday stated the temporary 10% duty is meant to "address fundamental international payments problems and continue the Administration's work to rebalance trade relationships in favor of American workers, farmers, and manufacturers." The tariffs are being applied under Section 122 of the 1974 Trade Act, allowing the president to impose them for 150 days without Congress approval. Trade Deficit Concerns The president argues tariffs help reduce America’s trade deficit, which reached $1.2 trillion last year, up 2.1% from 2024. The US has already collected at least $130 billion in tariffs using the 1977 International Emergency Economic Powers Act (IEEPA). However, the Supreme Court ruled last Friday that Trump overstepped his authority with IEEPA-based tariffs. This raises the chance for businesses to claim refunds. FedEx has already filed for a "full refund" on taxes paid, and campaign group We Pay The Tariffs represents over 900 US companies demanding refunds. Experts doubt the government will return the money quickly, with Trump warning the matter could be contested in courts for up to five years. Justice Brett Kavanaugh called the refund process "likely to be a mess." Mixed Reactions from Businesses Fraser Smeaton, CEO of UK costume company Morph Costumes, said paying the 10% tariff instead of 20% is a relief. But uncertainty remains. His business imports products from China and exports to the US, and he has had to reserve funds in case of sudden tariff changes. Many companies, including his, are tracking payments to claim refunds on unlawful IEEPA tariffs. Smeaton asked, "The fact that we're at 10% rather than 20% is better, but will it stay that way?" The fast-changing tariff policies have left businesses scrambling to adapt, with potential global trade repercussions looming.
BusinessUnited States

Trump’s New Tariffs Start at Lower Rate Amid Confusion

US President Donald Trump's new global tariffs have officially taken effect at 10%, lower than initially promised. The move comes after the Supreme Court blocked some of his broader import…

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Harvey Weinstein mistrial declared in New York rape case Background of the case A New York court has declared a mistrial in the rape case involving Harvey Weinstein after jurors said they could not reach a unanimous decision. The trial focused on claims that Weinstein raped aspiring actress Jessica Mann in a hotel room more than a decade ago. This marks the third time a New York jury has reviewed this charge. Weinstein was once convicted in this case, but an appeals court later overturned that verdict. A previous retrial last year also ended without a verdict. Weinstein remains in jail due to separate convictions in other sexual assault cases. Jury deadlock leads to mistrial The recent trial lasted about one month. Jurors told the judge they were unable to agree on a final decision, which forced the court to end the proceedings without a verdict. The judge formally declared a mistrial after confirming the deadlock. Prosecution response and next steps Manhattan District Attorney Alvin Bragg said prosecutors are reviewing whether to bring the case again. He expressed disappointment with the outcome but said the legal process must be respected. Prosecutors thanked the jury for their service and acknowledged Jessica Mann for coming forward with her allegations. They also said any future decision will consider both the survivor and the ongoing legal matters involving Weinstein. The district attorney office confirmed it will continue pursuing sexual violence cases and focus on supporting survivors through the justice process. Broader context
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