WorldMay 12, 2025
Dow jumps 995 and S&P 500 climbs 2.9% following a 90-day truce in the US-China trade war
U.S. stocks are leaping after China and the United States announced a 90-day truce in their trade war. The S&P 500 jumped 2.9% Monday.
The Dow Jones Industrial Average rose 995 points, and the Nasdaq composite gained 3.9%. Hopes for an economy less encumbered by tariffs also sent crude oil prices higher.
The U.S. dollar strengthened against other currencies, and Treasury yields jumped on expectations the Federal Reserve won't have to cut interest rates so deeply this year in order to protect the economy.
Analysts warned conditions could still quickly change, as has so often happe
BCMay 12, 2025
More than 30 residents displaced following blaze at North Vancouver seniors complex
District of North Vancouver Fire Chief Mike Danks says it took fire crews from all over the north shore to get a fire at a seniors complex under control on Saturday.
Danks says crews from the district, the city and from West Vancouver all pitched in after the fire broke out at the Lynn Valley apartment complex, trapping residents on their balconies. The chief says there was a fatal fire at the same building years back, and it was under renovation for earlier damage.
Danks says the cause of the fire is unknown, and 36 displaced residents have been housed in temporary accommodations as i
BCMay 12, 2025
No credible evidence found after police receive bomb threat on a flight out of Vancouver airport
Richmond R-C-M-P say they believe emails sent to a local news agency and staff at the Vancouver International Airport yesterday about a bomb on a plane were a malicious hoax.Mounties say the threat Sunday was taken seriously, but a sweep of the flight found no evidence of an explosive device. Police say the flight was delayed, but airport operations were only minimally affected.They say they believe the emails were part of a so-called `swatting'' call, where false threats are called into law enforcement to provoke a police response.
WorldMay 12, 2025
US, China agree to suspend most tariffs for 90 days
The US and China have reduced tariffs on each other and agreed to suspend most of the additional tariffs imposed on each other for 90 days. The US has agreed to reduce the 145 percent tariff on Chinese goods to 30 percent, while China has agreed to reduce taxes on American goods to 10 percent.
Officials from both countries announced the tariff cuts at a press conference in Geneva. They said the two countries have prepared a framework for continuing discussions on their trade issues.
China expressed hope that the US will not increase tariffs unilaterally. As the tariff war between the two m
IndiaMay 12, 2025
PM Modi's direct warning to Pakistan! 'Terror and trade cannot go together'
PM Modi gave a clear message to the world community in his address to the nation today, he said that India's view is very clear that terrorism and talks cannot go together, nor can terror and trade go together. During this, he also commented on Pakistan's water shutdown.
The Prime Minister said that water and blood cannot flow together. PM Modi said that I will also tell the world community that if we have a conversation with Pakistan, it will be on the issue of terrorism and PoK only.
He further said that countrymen, today is Buddha Purnima, Lord Buddha has shown us the path of peace. The