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Press releases published on May 5, 2025
Media reports Amazon abandoning plans to show cost of US tariffs
MENAFN
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May 5, 2025
(MENAFN) Amazon has abandoned a proposal to display U.S. import tariffs on product listings after facing political pushback, CNBC reported Tuesday. The move followed earlier media claims that the retailer intended to reveal the cost of tariffs directly to …
ASEAN, East Asian Presidents Express Concern Over Economic Risks
MENAFN
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May 5, 2025
(MENAFN) Finance ministers and central bank governors from the Association of Southeast Asian Nations (ASEAN), along with representatives from Japan, China, along with South Korea, have expressed concern over the potential global economic impact of …
Delayed Lebanon Elections Commence Amid Regional Unease
MENAFN
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May 5, 2025
(MENAFN) Mount Lebanon province witnessed the commencement of long-delayed municipal and mayoral elections on Sunday. Polling stations opened early, with initial voter participation reported between 11% and 30% during the morning hours, according to the …
Syrian Armed Groups Hand Over Heavy Weapons
MENAFN
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May 5, 2025
(MENAFN) Armed factions in Damascus began surrendering heavy weaponry to the Syrian Interior Ministry on Sunday. This move comes after an agreement was reached between leaders of the Druze community and government officials. The transfer is part of the …
Brussels proposes solution to Trump
MENAFN
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May 5, 2025
(MENAFN) The European Union is proposing a sharp increase in imports from the United States in a bid to persuade President Donald Trump to lift recently imposed tariffs, the Financial Times reported, citing EU Trade Commissioner Maros Sefcovic. Trump's …
Severe Floods Trigger Tourist Evacuation in Jordan’s Petra
MENAFN
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May 5, 2025
(MENAFN) Jordanian authorities successfully evacuated hundreds of tourists from the ancient city of Petra on Sunday following unexpected flash floods that surged through the archaeological site due to severe weather conditions, according to official …
New Delhi imposes comprehensive measures on Pakistan
MENAFN
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May 5, 2025
(MENAFN) India has imposed a wide range of punitive measures on Pakistan in response to a recent terrorist attack in Pahalgam, southern Kashmir, that claimed 26 civilian lives. The Indian government has halted all imports from Pakistan, cut off postal …
Trump Signals TikTok Deadline Delay
MENAFN
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May 5, 2025
(MENAFN) The U.S. president has indicated a potential extension to the deadline for ByteDance, the Chinese company owning the widely used video platform TikTok, to divest its American operations. This possibility arises if no deal is finalized by the …
Ukraine’s Western allies worry about potential loss of access to country’s rich mineral resources to Russia
MENAFN
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May 5, 2025
(MENAFN) Ukraine’s Western allies are increasingly worried about the potential loss of access to the country’s rich mineral resources to Russia, according to a senior Kiev official, as reported by Politico. This concern has emerged amid ongoing …
Sydney Residence Invasion Turns Violent: Teen Injured, Four Arrested
MENAFN
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May 5, 2025
(MENAFN) Early Monday morning, authorities apprehended and charged four teenagers following a forceful entry into a southwest Sydney residence that resulted in the hospitalization of a 17-year-old. New South Wales (NSW) Police reported responding to an …
North Korea's Leader Urges Swift Tank Arsenal Overhaul
MENAFN
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May 5, 2025
(MENAFN) North Korean media revealed on Sunday that Kim Jong-un, North Korea's leader, conducted an inspection of a key tank production facility, where he underscored the necessity to modernize the nation's armored weaponry quickly. He urged for the …
Warren Buffett criticizes Trump’s tariffs
MENAFN
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May 5, 2025
(MENAFN) Warren Buffett has sharply criticized President Donald Trump’s aggressive trade policies, warning that the administration’s increasing use of tariffs risks turning global trade into a form of warfare. Speaking at the annual Berkshire Hathaway …
UNRWA Warns Gaza Medical Supplies Dwindling Amidst Israeli Blockade
MENAFN
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May 5, 2025
(MENAFN) The United Nations Relief and Works Agency for Palestine Refugees (UNRWA) issued a stark warning on Sunday, stating that its healthcare operations in Gaza are facing a critical shortage of essential resources due to the ongoing Israeli blockade …
Gazprom reports USD15 billion net profit
MENAFN
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May 5, 2025
(MENAFN) Russian energy giant Gazprom has reported a significant turnaround in 2024, posting a net profit of 1.2 trillion rubles (approximately $14.76 billion) after suffering its first loss in over 20 years the previous year. The recovery is largely …
Bank of Japan Maintains Interest Rate
MENAFN
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May 5, 2025
(MENAFN) On Thursday, the Bank of Japan opted to maintain its benchmark interest rate at 0.5 percent, aligning with what the market had anticipated. This decision reflects the central bank’s steady approach to monetary policy amid a gradually evolving …
Russian oil ship-outs increase
MENAFN
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May 5, 2025
(MENAFN) Russia’s oil exports have increased over the past two weeks as several tankers previously sanctioned by the U.S. under the Biden administration are now back in service, Bloomberg reported, citing vessel-tracking data. Western nations had imposed …
Piastri Clinches 4th Win at Miami Grand Prix
MENAFN
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May 5, 2025
(MENAFN) Australian McLaren driver Oscar Piastri clinched his fourth win of the 2025 Formula One World Championship season at the Miami Grand Prix on Sunday. The race, the sixth of the season, spanned 57 laps at the Miami International Autodrome. Piastri's …
Study Reveals Simple Daily Habits Improve Mental Health
MENAFN
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May 5, 2025
(MENAFN) New research out of Curtin University in Western Australia indicates that routine, accessible activities such as talking with friends and spending time outdoors can lead to notable improvements in mental well-being. A survey of over 600 adults …
Media reports India allegedly cut water flow to Pakistan
MENAFN
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May 5, 2025
(MENAFN) India has reportedly begun limiting the flow of water to Pakistan in the wake of escalating tensions between the two nuclear-armed neighbors, according to the Press Trust of India (PTI), which cited an unnamed official source. The move follows a …
Trump Extends Deadline for Selling TikTok’s US Assets
MENAFN
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May 5, 2025
(MENAFN) United States Leader Donald Trump announced that he would delay the deadline for ByteDance, the China-based owner of TikTok, to sell the app's US assets if no agreement is reached by June 19. During an interview with the media, Trump expressed his …