International

Pentagon Cancels $5.1 Billion in IT Contracts with Accenture, Deloitte, and Others

By BPN News Desk April 11, 2025

In a sweeping move to reduce government spending and enhance internal efficiency, the U.S. Department of Defense has announced the termination of $5.1 billion worth of information technology service contracts with major consulting firms, including Accenture and Deloitte. The decision, spearheaded by Defense Secretary Pete Hegseth, is aimed at curbing non-essential

International

Death Toll Reaches 184 in Dominican Republic Nightclub Roof Collapse

By BPN News Desk April 10, 2025

The Dominican Republic is reeling from one of its worst peacetime disasters after the roof of the Jet Set nightclub in Santo Domingo collapsed during a live music performance, killing at least 184 people and injuring over 150 others. The tragedy unfolded during a packed event featuring famous merengue singer Rubby Pérez, attracting hundreds of […]

International

China Warns U.S. Against Tariff Pressure, Stresses Equal Dialogue

By BPN News Desk April 10, 2025

China has issued a stern warning to the United States following Washington’s latest decision to sharply raise tariffs on Chinese imports to 125%. As trade tensions between the two global powers escalate, Beijing has made it clear that pressure tactics and threats will not yield results. In a pointed statement, Chinese Ministry of Commerce spokesperson […]

International

UK-India Free Trade Agreement Nears Completion Amid Border Tax Tensions

By BPN News Desk April 10, 2025

The United Kingdom and India are nearing the conclusion of a landmark Free Trade Agreement (FTA), with around 90% of the deal already finalized. The comprehensive pact, aimed at strengthening bilateral economic ties, is expected to significantly reduce tariffs and open new market opportunities across key sectors. Major Trade Gains in Sight A core component […]

International

Chinese Electronics Makers Offer Discounts to Indian Firms Amid U.S. Trade Pressure

By BPN News Desk April 10, 2025

Facing a steep decline in export orders due to intensifying trade tensions with the United States, Chinese electronics component manufacturers are offering discounts of up to 5% to Indian companies. This move is aimed at maintaining their grip on one of their largest markets as the U.S.-China tariff war continues to disrupt global trade flows. […]

International

Moody’s: Malaysia, India, and Philippines May Benefit from U.S. Tariff-Induced Trade Diversion

By BPN News Desk April 10, 2025

Malaysia, India, and the Philippines may find themselves among the unexpected beneficiaries of a global trade realignment triggered by the recent imposition of steep U.S. tariffs. As Washington targets major Asian manufacturing hubs like China, Vietnam, Cambodia, and Thailand with high duties, supply chains are expected to shift toward countries facing lower tariffs and

International

Trump Announces 90-Day Tariff Pause for Most Nations, Raises Tariffs on China to 125%

By BPN News Desk April 10, 2025

In a dramatic shift in his aggressive trade strategy, U.S. President Donald Trump has announced a 90-day pause on increased tariffs for most countries, offering a temporary reprieve amid rising global economic tensions. However, China has been singled out once again, with tariffs on its exports being hiked further to a staggering 125%. 90-Day Tariff […]

International

Trump Imposes Tariffs, Says World Leaders ‘Kissing My A–‘ for Trade Deals

By BPN News Desk April 9, 2025

Former U.S. President Donald Trump has once again stirred global controversy by launching into a scathing tirade against world leaders while defending his newly implemented trade tariffs. At a recent public rally, Trump mocked several global counterparts and claimed that countries are “kissing my a–” in a desperate bid to secure trade deals with the […]

International

Russia Invites Prime Minister Narendra Modi to Attend Victory Day Parade

By BPN News Desk April 9, 2025

Russia has extended a formal invitation to Prime Minister Narendra Modi to attend the Victory Day parade scheduled to be held on May 9 in Moscow. The occasion marks the 80th anniversary of the Allied victory over Nazi Germany, a milestone commemorated annually across Russia with elaborate ceremonies, most notably the grand military parade in […]

International

Trump’s Tariffs Take Effect: Global Markets Slide, Trade Tensions Escalate

By BPN News Desk April 9, 2025

On April 9, 2025, the United States officially implemented sweeping tariffs on imports from several nations, most notably slapping a 104% total tariff on goods from China. The aggressive trade action, part of former President Donald Trump’s broader economic agenda, triggered immediate retaliatory measures and sent shockwaves through global financial markets. Trump