Trump insists ‘China wants to make a deal’ as 90-day tariff pause for most countries sparks market surge – business live | Trump tariffs

India has suspended the Indian Premier League (IPL) due to escalating tensions with Pakistan, following the relocation of the Pakistan Super League to the UAE. The IPL Governing Council made the decision after consultations with stakeholders amid concerns over safety, particularly after a recent attack in Kashmir that killed 26 tourists and subsequent missile strikes by India on alleged terrorist sites in Pakistan. Pakistan's Prime Minister Shehbaz Sharif has warned of consequences for India's actions,...

Peter Foote founded the Mt Dobson Ski Area following a falling out, showcasing remarkable determination and resourcefulness by constructing the ski field access road himself in 1976 using a $2000 bulldozer. At 82 years old, he is now selling the ski field, emphasizing its high altitude and dependable snow. Foote reflects on his journey, expressing amazement at his accomplishment of transforming a mountain into a ski resort, a feat characterized by relentless determination and classic...

On 1 May, the US National Institutes of Health (NIH), the largest public funder of biomedical research worldwide, announced a new policy that prohibits all foreign sub-awards. This decision is expected to impact South African clinical studies significantly, as billions of rands in research grants are unlikely to be renewed over the coming year. Reports from GroundUp and Spotlight highlight the potential consequences of this policy change for ongoing and future biomedical research in South...

Steep U.S. Tariffs Impacting BusinessesAmid steep new U.S. tariffs, footwear company Keen plans to keep prices steady while many others are forced to hike prices to absorb costs. Keen has diversified its supply chain beyond China to mitigate risks associated with tariffs, operating in multiple countries including the U.S., Dominican Republic, and Thailand. Experts warn that the footwear and apparel industries, heavily reliant on China, could see prices rise significantly, with average annual household spending...

Canada's ambassador to the U.S., Pete Hoekstra, suggested that a recent trade announcement between the U.S. and the U.K. could serve as a model for lifting U.S. tariffs on Canada. During a meeting with President Trump, Prime Minister Mark Carney acknowledged that resolving the tariff issue requires broader discussions. The two leaders also explored topics such as security and the digital services tax, emphasizing a commitment to maintain dialogue and build a positive relationship moving...

NEW DELHI: The Border Security Force (BSF) successfully thwarted a significant infiltration attempt by Pakistan along the International Border in Samba district, Jammu and Kashmir, on the night of May 8-9, 2025. The Indian Army reported that Pakistani forces conducted drone and munition attacks, which were effectively repulsed, alongside multiple ceasefire violations along the Line of Control. The Army assured a robust response to these provocations, utilizing advanced weaponry for their counter-drone operations while reaffirming...