California launches digital campaign to counter misinformation

Governor Gavin Newsom has launched CaliforniaFacts.com, a digital campaign to dispel myths about California's economy, immigration, crime, and wildfires.

"We'll respond with facts and data," Newsom stated, referring to the state's $4trn GDP and emphasizing that immigration enforcement is a federal responsibility, Xinhua reported.

The campaign includes social media interaction, a podcast, and a wildfire-focused website called California Fire Facts. Newsom claims the endeavor is intended to correct misleading narratives and safeguard the state's reputation.
 

 

RSF attacks kill 33 in Sudan, escalating ongoing conflict

At least 33 people have been killed in Sudan in a series of attacks linked to the paramilitary Rapid Support Forces (RSF), amid the country’s ongoing civil war, Al Jazeera reported.

A drone strike on a jail in el-Obeid, North Kordofan state's capital, killed 19 persons and injured 45, according to medical sources. A day earlier, an airstrike in Darfur killed 14 members of the same family.

The RSF has been fighting the Sudanese Armed Forces (SAF) since April 2023. In recent days, the gang has launched drone attacks on Port Sudan, causing crucial infrastructure damage, including a power system and the country's last operable civilian airport, which serves as a vital humanitarian supply hub, as stated by Al Jazeera,

The conflict has killed tens of thousands, displaced over 13 million people, and resulted in what the UN calls the world's biggest humanitarian disaster.

European leaders pressure Russia over 30-day Ukraine ceasefire

European leaders have urged Russia to support an unconditional 30-day cease-fire in Ukraine starting Monday. The appeal was made at a Kyiv summit of the "coalition of the willing," which was hosted by Ukrainian President Volodymyr Zelensky and attended by leaders from the United Kingdom, France, Germany, and Poland, according to BBC.

The ceasefire plan, first proposed by US President Donald Trump in a phone chat with Zelensky, came with a threat of "massive" consequences if Russia refused. UK Prime Minister Sir Keir Starmer said the coalition aims to show that aggression will not prevail in Europe.

Russia has rejected the proposal until Western military aid to Ukraine is ceased, but Zelensky urged that the ceasefire be unconditional, , BBC reported.

The Kyiv gathering came after a separate summit in Moscow, where more than 20 leaders met with President Vladimir Putin. The coalition pledged support for long-term peace efforts and possible security guarantees, including troop deployments in Ukraine.

 

India, Pakistan agree for the immediate ceasefire

US President Trump says India, Pakistan have agreed to full, immediate ceasefire. US President Donald Trump said that India and Pakistan have agreed to a full and immediate ceasefire.

Trump announced the ceasefire from his account on the Truth Social Platform. “After a long night of talks mediated by the United States, I am pleased to announce that India and Pakistan have agreed to a full and immediate ceasefire,” he said.

“Congratulations to both countries on using common sense and great intelligence,” he added. Both India and Pakistan have confirmed that two countries have reached an agreement. 

China’s economy hit by trade war, weak demand

China's factory-gate prices fell 2.7 percent in April, the steepest drop in six months, while consumer prices fell for the third consecutive month, underscoring mounting deflation risks.

The economic downturn is being driven by low domestic demand, a prolonged housing collapse, and escalating trade tensions with the United States, according to Reuters.

In response, Beijing has announced more stimulus measures, like as rate reduction and liquidity increases. Retail giants such as JD.com and Alibaba's Freshippo are assisting exporters in shifting to the domestic market, however low consumer confidence may keep prices under pressure.

As trade talks start in Switzerland, global banks have downgraded China's GDP forecast to below the official 5 percent target, citing the impact of ongoing economic headwinds, Reuters reported.

Kim Jong Un defends North Korea’s role in Russia-Ukraine war

North Korean leader Kim Jong Un has defended his country’s involvement in the Russia-Ukraine war, calling it a legitimate exercise of national sovereignty in support of a “brother nation,” according to Reuters.

“Our participation in the conflict was just and within our sovereign rights,” Kim said. He praised North Korean troops involved in the Kursk operation, calling them heroes and symbols of national honor.

Kim also warned that Pyongyang would not hesitate to employ armed force if the US continued its military provocations against Russia, Reuters reported.

North Korea publicly stated in April that it had sent over 10,000 troops and weapons to reinforce Russia, following a strategic partnership treaty signed by Kim and Russian President Vladimir Putin last year.

 

BFIN and PHDCCI host high-level symposium on economic reforms and regional cooperation in Nepal

The Banking, Finance and Insurance Institute of Nepal (BFIN), in collaboration with the India-Nepal Centre of PHDCCI, hosted a high-level symposium titled “An Aspiring Nepal: How to Benefit from Economic Reforms?” on May 10, 2025, at the Radisson Hotel in Kathmandu.

The event brought together a distinguished group of policymakers, economists, and industry leaders from both Nepal and India to deliberate on Nepal’s ongoing economic reform agenda and the prospects for enhanced regional economic cooperation.

Sanjeev Sanyal, Economic Advisor to the Prime Minister of India, delivered the keynote address, offering valuable insights drawn from India’s own reform journey. Other key speakers included Binod Atreya (BFIN), Binod Chaudhary (CNI), Prakash Kumar Shrestha (NPC), and Prasanna Shrivastava (Embassy of India).

A focused panel discussion led by Atul K. Thakur (PHDCCI) explored critical themes such as policy innovation, financial sector reforms, and opportunities for regional growth. Panelists featured representatives from FNCCI, NRB, CBFIN, Nepal SBI Bank, and Visa Inc.

The symposium emphasized that economic reforms are vital for Nepal’s sustainable growth, job creation, and long-term development. Stronger collaboration between India and Nepal was highlighted as a key enabler of more effective reform outcomes. Speakers also underscored the need for inclusive and actionable strategies to ensure the success of Nepal’s reform efforts.

US and China open trade talks in Geneva amid rising tensions

Chinese Vice Premier He Lifeng and US Treasury Secretary Scott Bessent began talks in Geneva on Saturday, aiming to ease escalating trade tensions between the two nations.

The discussion, held privately at the Swiss ambassador's residence, came after weeks of hefty tariff increases that disrupted global trade and stoked recession fears, according to Reuters.

The United States wants China to lower its trade deficit and implement economic reforms, but Beijing wants tariff cuts and more equitable treatment.

Though differences remain, the talks mark a tentative step toward resolution, Reuters reported.