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Trump says planned Iran attack put on hold after requests from Qatar, Saudi and UAE leaders

PM

Trump IRS tax leak settlement: The US administration has established a $1.76 billion fund to address claims of government "weaponization" following a lawsuit by Donald Trump and his family. This settlement resolves Trump's suit against the IRS over leaked tax returns, though he will not receive direct payment but an apology.

The MV Hondius arrived at Landtong, a narrow peninsula about 10 km long that is part of Rotterdam port and far from any urban centre. Several white trailers were set up in an area near where disembarkation was taking place. Both areas were fenced off.

India's external sector faces unprecedented pressure. Seven shock absorbers that previously aided recovery have weakened simultaneously. This includes shifts in Yen funding, AI's impact on EM allocation, and reversing passive globalisation. Stable trade architecture is fragmenting, and secure Gulf energy flows are challenged. India's reliance on financing deficits, not eliminating causes, is a core issue.

India continues its purchase of Russian oil. This decision proceeds regardless of United States sanctions waivers. An Indian official confirmed this stance. The nation prioritizes its energy needs. This move aims to buffer India's economy. It addresses potential fallout from geopolitical events. India's energy security remains a key focus.

Tata Steel anticipates its UK operations will achieve break-even this fiscal year. This positive outlook stems from recovering steel prices and implemented cost-saving measures. In India, the company plans significant production capacity expansion solely through brownfield development. This strategic move aims to align with market growth and maintain market share.

The India-EU Free Trade Agreement will be signed by the end of 2026. It will be made operational quickly. This deal will cut tariffs on over 90 percent of goods. European companies will gain access to India's economy. A bilateral investment agreement is also being fast-tracked. This partnership aims to build resilient supply chains.

Japanese Proverb of the Day highlights the meaning of “All married women are not wives.” The saying reflects how roles, identity, and relationships are often shaped not just by titles or social status, but by emotional presence and personal responsibility. It suggests that being married does not automatically define the deeper meaning of being a “wife,” which also involves care, commitment, understanding, and active participation in a relationship.

Security camps in Bastar, Chhattisgarh will transform into service centres. These centres will offer banking, Aadhaar, and ration card services. Funds from government schemes will be disbursed here. The initiative aims to bring urban facilities to tribal communities. This development promises a brighter future for the region's children.

Legendary voice actor Tom Kane, known for his iconic roles as Yoda in Star Wars: The Clone Wars and Professor Utonium in The Powerpuff Girls, has died at 64. His death on May 18 followed complications from a major stroke suffered in 2020, which had impacted his speech and mobility.

"We have made nine acquisitions in the past nine months. These investments are worth Rs 25,000 crore," said Devansh Jain, executive director of INOXGFL, an umbrella entity that houses varied businesses across industrial chemicals, renewable energy generation, solar and wind equipment manufacturing and operations and maintenance of wind farms.

India and US nuclear industry leaders met to boost collaboration. Discussions focused on reducing costs and construction times for nuclear power projects. India aims for 100 GW nuclear capacity by 2047. The US delegation represents advanced reactor technologies and fuel cycle innovation. New opportunities for partnerships in project development and manufacturing are being explored.

Juan Pablo Castel, the painter responsible for Maria Iribarne's death, speaks about memory. He believes people forget bad events, preferring to remember the good. Castel, however, remembers many catastrophes and cruel actions. For him, memory is a light showing a museum of shame. He finds the present as horrible as the past.

Defence minister Rajnath Singh is on a four-day visit to Vietnam and South Korea. The trip aims to strengthen defence ties and maritime cooperation. Discussions will focus on peace and stability in the Indo-Pacific region. This visit marks a significant step in enhancing strategic military cooperation between India and these nations.

India is set to boost renewable energy with a new ₹5,500 crore floating solar battery storage scheme. The finance ministry's expenditure finance committee has approved the plan. This initiative aims to encourage states to install floating solar panels. It will help reduce reliance on fossil fuel imports. The scheme will be sent to the cabinet for final approval soon.

Madhya Pradesh and Uttar Pradesh are among the country's largest agricultural producers. Madhya Pradesh is the second-largest producer of foodgrains and the top producer of pulses and oilseeds, while Uttar Pradesh accounts for around 20% of India's agricultural output.

Indian manufacturers are being urged to identify goods that can be produced locally, aiming to reduce reliance on imports. Minister Piyush Goyal highlighted the need to study import trends and find opportunities for domestic production. This initiative seeks to bolster the Indian industry and preserve foreign exchange.