Roughly 24 hours after the Trump administration announced it would freeze more than $2 billion in federal grants and contracts, Harvard University’s research division began to assess the resulting fallout. The impact is already being acutely felt at Harvard’s School of Public Health, where professors are scrambling to salvage their research into treatments for tuberculosis and cancer. Harvard, the nation’s oldest and wealthiest university, has emerged as a new symbol of resistance to the Trump administration after refusing to concede to a series of policy changes demanded by the administration. Now, having placed itself in an uncertain position, Harvard must…
Author: Web Desk
Brothers Erik and Lyle Menendez, who have been incarcerated for life for the 1989 murders of their parents in Beverly Hills, are scheduled to have a hearing on Thursday to determine if they might be eligible for a reduced sentence and a path to parole after spending more than three decades behind bars. The two-day hearing will assess whether the siblings’ sentence of life without the possibility of parole can be revised, potentially granting them the chance of release. The judge’s decision carries significant implications for the extensive network of attorneys, family members, and online supporters who have, in recent…
Authorities reported on Wednesday that a California man has been apprehended for allegedly abducting a 10-year-old child whom he reportedly connected with through the social media applications Roblox and Discord. The Kern County Sheriff’s Office stated in a news release that 27-year-old Matthew Macatuno Naval was arrested on Sunday on charges of kidnapping and unlawful sexual conduct with a minor. CNN is currently seeking information regarding Naval’s legal representation. According to CNN affiliate KOVR, deputies from Kern County initiated a search on Sunday for the child, a young girl from Taft, California, after her family reported her missing, police confirmed.…
The Trump administration has significantly escalated its pressure on Harvard University, not only freezing $2 billion in federal funding but now jeopardizing its eligibility to host international students. This comes after school leaders refused to implement key policy changes demanded by the White House, which they are also pushing on other elite US colleges. Homeland Security Secretary Kristi Noem sent Harvard “a stern letter demanding detailed records on Harvard’s foreign student visa holders’ illegal and violent activities by April 30, 2025, or face immediate loss of Student and Exchange Visitor Program (SEVP) certification,” her agency stated in a Wednesday news…
State Bank of Pakistan (SBP) Governor Jameel Ahmad on Monday expressed his anticipation that the recent decline in global oil prices would help cushion the impact of the proposed reciprocal tariffs imposed on Pakistan by US President Donald Trump. Last week, Trump announced a 90-day pause on these tariffs, explaining that the decision came after over 75 countries had reached out to negotiate and had refrained from retaliating against the US. Previously, he had imposed tariffs of 29% on Pakistani exports to the United States. Speaking on Geo News’ program “Aaj Shahzeb Khanzada Kay Sath,” the SBP Governor stated: “[Pakistan’s]…
A senior official from the US central bank has cautioned that interest rates might need to be slashed more aggressively than initially anticipated if President Donald Trump’s steep tariffs on imports remain in place for an extended period, as they pose a significant risk of slowing down the economy and driving up unemployment. Trump introduced sweeping tariffs in early April, targeting most of the US’s trading partners in an effort to address what Washington deems unfair trade practices. These tariffs include a 10 percent global levy and higher, country-specific rates, particularly on goods from China. The higher tariffs on countries…
The stock market extended its run of gains on Tuesday, as investor sentiment remained upbeat, driven by record-breaking remittances and increasing optimism regarding the country’s external account prospects. The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index climbed by 385.47 points, or 0.33%, to close at 116,775.50. During the day, the index reached a high of 117,362.22, marking an increase of 972.19 points, or 0.84%, from the previous closing figure of 116,390.03. The session’s low was recorded at 116,645.68, still showing a gain of 255.65 points or 0.22%. Explaining the positive market sentiment, Sana Tawfik, Head of Research at Arif Habib…
Fitch Ratings announced on Monday that it has upgraded Pakistan’s long-term foreign-currency issuer default rating to ‘B-’ from ‘CCC+’, pointing to improvements in fiscal management, a more stable external financial situation, and better handling of macroeconomic policy. The outlook for the rating is stable. The rating agency stated on Monday that this upgrade reflects a growing confidence in Pakistan’s ability to maintain tighter control over its budget and to successfully implement reforms under its ongoing agreement with the International Monetary Fund (IMF). This positive rating change comes as Islamabad aims to keep its economic recovery on track following its agreement…
The federal government announced on Tuesday that fuel prices will remain steady for the next two weeks, with the savings generated being earmarked for a significant upgrade of the country’s infrastructure. Presiding over a federal cabinet meeting in Islamabad today, Prime Minister Shehbaz Sharif stated, “The government has decided against passing on the advantage of lower international fuel prices to the public. The funds saved from petroleum prices will be channeled towards healing the nation’s wounds.” The Prime Minister elaborated that these funds would be specifically used to dualize Balochistan’s most crucial highway, the N-25, which serves as a vital…
The global tech market has been riding a rollercoaster of uncertainty ever since U.S. President Donald Trump introduced sweeping new tariffs this April, hitting nearly every major production hub around the world. Starting on April 5th, the new tariff system kicked off with a 10% flat tax on imports from all countries, with China taking the biggest hit—a reciprocal tax of 54%, which later skyrocketed to 145%. This move sent U.S. consumers into a frenzy of iPhone panic buying, as they rushed to beat potential price hikes. However, there’s now a bit of a breather for Samsung Galaxy users. Samsung,…
