
Trump designates Thursday as a day for the US to celebrate victory in World War II
Cities from London to Moscow are holding parades, flyovers and memorials this week as the world observes Thursday's 80th anniversary of Victory in Europe Day , when Nazi Germany surrendered to Allied forces including the U.S.
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India indicates it will keep buying Russian oil despite Trump's threats
NEW DELHI (AP) — India has indicated that it would continue buying oil from Russia despite threats by U.S. President Donald Trump. The Indian foreign ministry said its relationship with Russia was 'steady and time-tested,' and should not be seen through the prism of a third country. Addressing a weekly presser on Friday, spokesman Randhir Jaiswal said India's broader stance on securing its energy needs was guided by the availability of oil in the markets and prevailing global circumstances. The comments follow an announcement by President Donald Trump that he intends to impose a 25% tariff on goods from India plus an additional import tax because of New Delhi's purchases of Russian oil. The threat came as the U.S. president has increasingly soured on Russia for failing to agree to a ceasefire in Ukraine and has threatened new economic sanctions if progress is not made. India bought 68,000 barrels per day of crude oil from Russia in January 2022, but by June of same year oil imports rose to 1.12 million barrels per day. The daily imports peaked at 2.15 million in May 2023 and have varied since. Supplies rose as high as nearly 40% of India's imports at one point, making Moscow the largest supplier of crude to New Delhi, the Press Trust of India reported, citing data from Kpler, a data analytics company. India's daily oil consumption is pegged around 5.5 million barrels, of which nearly 88% is met through imports. The country has historically bought most of its crude from the Middle East, but this has changed since Russia's full-scale invasion of Ukraine in February 2022. India, the world's third-largest crude importer after China and the U.S., began buying Russian oil available at discounted rates after the West shunned it to punish Moscow. The Associated Press Sign in to access your portfolio
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Elon Musk Warns of Losing Tesla Control, Denies Personal Loans Tied To Shares
Elon Musk, the CEO of Tesla Inc. (NASDAQ:TSLA), has expressed concerns over potentially losing control of the electric vehicle giant due to the influence of activist shareholders. What Happened: Musk, who currently owns a 12.8% stake in Tesla, is apprehensive about being dethroned by shareholders who may not align with his vision for the company's future. He suggests that a 25% ownership stake would offer him adequate influence, while still leaving room for his possible removal. Musk's fears are rooted in past instances where shareholders voted in favor of a compensation package tied to the company's growth targets, only to be overruled by Delaware Chancery Court Judge Kathaleen McCormick. Earlier in January in a post on X, he shared that about 25 percent ownership stake would be enough "to be influential, but not so much that I can't be overturned.'Musk has the opportunity to acquire an additional 304 million shares, which would boost his voting control by roughly 4% post-tax. Also Read: Elon Musk Returns To Intense Work Schedule: 'Back To Working 7 Days a Week and Sleeping in the Office' In a recent statement on Friday on X, Musk affirmed that he has no personal loans against Tesla stock and reiterated his anxieties about being ousted by 'activist shareholders'. He expressed optimism that these concerns would be addressed at the forthcoming shareholders' are rumors that Musk may resign if his ownership stake is curtailed, akin to the limitations imposed on his pay package. Nonetheless, a majority of shareholders who endorsed Musk's pay package continue to support his leadership of Tesla's operations. Why It Matters: Musk's concerns highlight the potential power dynamics at play within Tesla's shareholder base. His potential loss of control could significantly impact the company's strategic direction, given his instrumental role in shaping Tesla's innovative trajectory. The upcoming shareholders' meeting will be a critical event, potentially determining the future of Musk's leadership at Tesla. Read Next Elon Musk Commits To Intense Focus on X/xAI and Tesla: 'Back To Spending 24/7 at Work, Sleeping in Conference/Server/Factory Rooms' Image: Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? TESLA (TSLA): Free Stock Analysis Report This article Elon Musk Warns of Losing Tesla Control, Denies Personal Loans Tied To Shares originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Pope Leo tells hundreds of thousands of young Catholics to build a better world
By Joshua McElwee ROME (Reuters) -Hundreds of thousands of young people filled a vast field on the outskirts of Rome on Saturday to see Pope Leo, in the largest event yet of the new Catholic pontiff's tenure, as part of a special weekend aimed at energizing Catholic youth. Young people from more than 146 countries, some wearing colourful bandanas to ward off the hot summer sun, were pressed against fences in the Tor Vergata field as Leo toured the crowd in his white popemobile in late afternoon. The pope, smiling broadly, waved, offered blessings and occasionally caught small stuffed animals and national flags thrown by the youth as he passed by. "Dear young people ... my prayer for you is that you may persevere in faith, with joy and courage," Leo said in remarks later to the crowd. "Seek justice in order to build a more humane world," he said. "Serve the poor, and so bear witness to the good that we would always like to receive from our neighbours." Many of the youth attending the event with Leo spent all day waiting in the field in heat approaching 30 degrees Celsius (86°F) to see the pope. Organizers were using water cannons to help cool down people in the crowd. "For me, it is an incredible emotion because I had never been to an event like this before," said Maya Remorini, from Italy's Tuscany region. She said her group had arrived around 5 a.m. that morning. Many of the youth are expected to sleep in the field overnight, waiting for a second chance to see Leo on Sunday morning, when the pope is due to celebrate a Catholic mass. The weekend events are tied to the ongoing Catholic Holy Year, which the Vatican says has attracted some 17 million pilgrims to Rome since it started at the end of 2024. Leo, the first U.S.-born pope, was elected on May 8 by the world's cardinals to replace the late Pope Francis.