Trump administration to ease auto tariffs
The Trump administration will reduce tariffs on foreign auto parts used in US made vehicles and prevent overlapping levies, aiming to support domestic manufacturing.
The policy shift, confirmed by officials and set to be announced Tuesday, comes ahead of President Trump’s visit to Michigan marking his first 100 days in office, according to Reuters.
Commerce Secretary Howard Lutnick described it as a "major victory" for US trade policy, rewarding companies that invest in American industry. Automakers will also receive compensation for previous steel and aluminum taxes.
The change comes after industry groups such as General Motors, Toyota, and Volkswagen warned that anticipated 25% tariffs on imported parts will raise prices, reduce sales, and disrupt the supply chain, Reuters reported.
Trump administration probes Harvard over alleged race-based discrimination
The Trump administration has launched an investigation into Harvard University and the Harvard Law Review over allegations of race-based discrimination in the journal’s article selection process, Reuters reported.
The US Departments of Education and Health and Human Services argue that the Law Review may have violated Title VI of the Civil Rights Act by favoring submissions from racial minorities. Craig Trainor, the Education Department's acting assistant secretary for civil rights, said the process prioritized race above merit.
Harvard University indicated that it is dedicated to following all federal regulations and will investigate any credible complaints. The Harvard Law Review, a legally autonomous student-run journal, has yet to react, acccording to Reuters.
The probe comes amid Harvard’s ongoing lawsuit against the administration, challenging a freeze on $2.3bn in federal research funding. Harvard argues the freeze, tied to demands for changes in hiring and academic governance, violates its First Amendment rights. A federal judge has scheduled a hearing for July 21 to address the case.
OpenAI adds shopping and live updates to ChatGPT
OpenAI has added new shopping tools to ChatGPT, allowing users to see product prices, ratings, and direct purchasing links. The company underlined that recommendations are made independently.
The upgrade brings OpenAI in direct competition with Google, Amazon, and media review sites. It follows the tremendous expansion of ChatGPT's search function, which registered over a billion searches last week, according to BBC.
Additional updates include live sports scores and improved answer citations. The features are rolling out to all users over the next few days.
Ronen Bar to step down as Shin Bet Chief
The head of Israel’s domestic intelligence service, Shin Bet, Ronen Bar, announced his resignation on Monday, stating he would step down on June 15, 2025, after 35 years of service. His retirement comes after a turbulent era, including Prime Minister Benjamin Netanyahu's effort to dismiss him earlier this year, Reuters reported.
Netanyahu had expressed distrust in Bar, especially amid the ongoing war, with Bar's duties including counter-terrorism and security for government leaders. The attempt to remove Bar triggered significant protests, with critics accusing the administration of weakening major government structures. The Israeli Supreme Court intervened and temporarily halted the dismissal.
Bar had already expressed his intent to resign before his term’s official end, taking responsibility for Shin Bet's failure to prevent the October 7 Hamas attack, which triggered the Gaza war, as stated by the Reuters.
The controversy highlights the ongoing tensions between Netanyahu’s government and the Israeli security establishment.
Pakistan on high alert, signals nuclear option if threatened
Pakistan’s Defence Minister Khawaja Muhammad Asif warned Monday of a possible Indian military incursion following a terrorist attack in Kashmir that killed 26 tourists, Firstpost reported.
Asif said Pakistan had reinforced its forces and taken strategic decisions in response to the perceived threat. He emphasized that Pakistan would use nuclear weapons only if its existence were directly threatened.
India has blamed Pakistan for the attack at Pahalgam, but Islamabad denies involvement and has called for an independent investigation. Asif emphasized that India's language was becoming more aggressive, and that the Pakistani military had briefed the government on the possibility of escalation, according to the Firstpost.
The attack has heightened tensions between the two countries, who have fought multiple conflicts over the disputed Kashmir region.
DeepSeek available to download again in South Korea after suspension
DeepSeek, a Chinese AI service, has resumed availability in South Korean app stores following a two-month suspension due to data protection concerns.
South Korea's Personal Information Protection Commission (PIPC) halted downloads in February after it was discovered that DeepSeek transferred user data without permission when the site first launched in January, according to Reuters.
DeepSeek is now available for download on platforms such as the Apple App Store and Google Play after being updated with its privacy policy. The company guarantees compliance with South Korean data privacy rules and allows customers to opt out of sharing personal information to entities in China and the United States.
The app's return follows DeepSeek's voluntary adjustments, which partially addressed the PIPC's recommendations, Reuters reported.
International Court of Justice opens hearings into Israel's Gaza blockade
The International Court of Justice (ICJ) began hearings on April 28, 2025, to examine Israel’s obligation to facilitate humanitarian aid for Palestinian civilians in the occupied territories.
As stated by The Hindu, hearings, prompted by a request from the UN General Assembly, address Israel’s legal duties after it blocked the UN agency for Palestinian refugees from operating.
Israel's Foreign Minister, Gideon Saar, criticized the proceedings, calling them part of a "systematic persecution and delegitimization of the country." He accused the court for getting "politicised" and labeled the hearings "shameful", The Hindu reported.
The one-week proceedings at The Hague will focus on the ongoing Gaza conflict.
Nepse plunges by 14. 58 points on Monday
The Nepal Stock Exchange (NEPSE) plunged by 14. 58 points to close at 2, 647. 02 points on Monday.
Similarly, the sensitive index dropped by 3. 18 points to close at 445. 89 points.
A total of 23,689,071-unit shares of 327 companies were traded for Rs 8. 91 billion.
Meanwhile, Nepal Micro Insurance Company Limited (NMIC) was the top gainer today with its price surging by 10. 00 percent. Likewise, Saptakoshi Development Bank Ltd (SAPDBL) was the top loser with its price dropped by 8. 93 percent.
At the end of the day, the total market capitalization stood at Rs 4. 40 trillion.







