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India Today
13 hours ago
- Politics
- India Today
10,300 Indian illegal immigrants caught at US border in 2025. That's a 70% dip
There has been a 70% decline in Indians attempting to illegally enter the US between January and May 2025, with 10,382 Indian nationals, primarily from Gujarat, arrested during this period, seeking to enter the United States. This also included 30 unaccompanied development comes amid tighter border controls and raids on illegal immigrants under President Donald data was released by US Customs and Border Protection (USCBP).advertisement This is a substantial decrease from 34,535 arrests between January-May 2024 to 10,382 in the same period in 2025, averaging 69 daily arrests. During the same corresponding period in 2024, the daily arrest average was around 230 under the Joe Biden Donald Trump's return to power, many of these smuggling syndicates began scaling back their operations in late 2024, according to a report in The Times of India."The moment it became clear Trump would likely win again, routes started drying up," a source connected to a Gujarat-based human smuggling ring told desire to migrate remains strong, but smugglers have either reduced their activity or increased their fees, and fears of tougher deportation policies are very real, according to the data also reflects a wider drop in border apprehensions across all nationalities – from 81,492 in January down to 28,617 in February – while it remained over 29,000 in the next three months. A total of 590,069 illegal immigrants were caught while entering the US, according to the total of 1,233,959 illegal immigrants were caught during the same corresponding period in OF UNACCOMPANIED MINORS FROM INDIAIn fiscal year 2024, US authorities apprehended over 500 unaccompanied Indian minors. Now, under the Trump administration, there's a much tougher stance on "unaccompanied children" left at the border by their of individuals, including those from India, leave their children on the US-Mexico or US-Canada border in the hope that they will be taken in and granted American suggest children are often in the age bracket of 12-17, but sometimes they are younger to an April 2024 report by the Department of Homeland Security (DHS), there are an estimated 2.2 lakh (220,000) undocumented Indians living in the US. Since January 2025, more than 332 Indians have been people from India keep trying to enter the US, often via perilous routes. Migrants sometimes take risky sea routes offered by smugglers to bypass heavily fortified land borders. On May 9, a tragic boat accident occurred near Del Mar, California, in which a 14-year-old Indian boy and his 10-year-old sister died off the coast of boats often depart from Mexico's coast, sometimes travelling hundreds of October 2024, the US Coast Guard has tracked 277 vessels suspiciously entering US waters from Mexico in the San Diego area.- Ends
Al Etihad
3 days ago
- Business
- Al Etihad
Global Markets: Shares rise as US-Canada trade talks revived
30 June 2025 14:25 SYDNEY (REUTERS)Shares indices rose in Asia on Monday as the revival of trade talks between the United States and Canada helped risk sentiment, while the dollar dipped on concerns US jobs data could show enough weakness to justify larger rate on Sunday said it had rescinded its digital services tax in a bid to advance trade negotiations, bowing to pressure from President Donald talks are aimed at getting a deal done by July 21, extending Trump's original July 9 deadline for his "reciprocal" tariffs. Officials have suggested most deals could now be done by the September 1 Labour Day were also keeping a wary eye on the progress of a huge US tax-cutting and spending bill slowly making its way through the Senate, with signs it may not make it by Trump's preferred July 4 was no doubting the demand for the US tech sector and megacap growth stocks including Nvidia, Alphabet, and Amazon. Nasdaq futures rose another 0.4%, while S&P 500 e-minis added 0.3%.EUROSTOXX 50 futures rose 0.3%, while FTSE futures were flat and DAX futures gained 0.4%.The bullish sentiment spilled over into Japan's Nikkei which rose 1.0%, while South Korean stocks gained 0.7%. MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.2%.Chinese blue chips edged up 0.1%, as surveys showed manufacturing improved slightly in June while service activity picked up.A holiday on Friday means US payrolls data will come a day early, with analysts forecasting a rise of 110,000 in June with the jobless rate ticking up to the highest in almost a year at 4.3%.Yields on 10-year Treasuries were steady at 3.28%, having fallen 9 basis points last dollar has not fared so well, in part due to concerns tariffs and chaotic policies from the White House will drag on economic growth and erode the country's claim to euro was near its highest since September 2021 at $1.1735, having climbed 1.7% last week, while sterling stood near a similar peak at $ dollar was down 0.5% on the yen at 143.86, and slipped 0.1% on the Canadian dollar to 1.3665 following the trade news. The dollar index eased to 97.075 , a whisker above three-year Reilly, a senior markets economist at Capital Economics, noted the dollar had fallen by more at this stage in the year than in any previous year since the US moved to a free-floating exchange rate in commodity markets, the general revival in risk sentiment has undermined gold, which hovered at $3,284 an ounce and further away from April's record top of $3, prices continued to struggle on concerns about plans for increased output from OPEC+, which contributed to a 12% slide last week. Brent dropped a further 14 cents to $67.63 a barrel, while U.S. crude eased 28 cents to $65.24 per barrel.
Al Etihad
14-06-2025
- Politics
- Al Etihad
Minnesota lawmaker shot dead, another wounded in targeted attack
14 June 2025 20:15 Washington (AFP) A gunman shot two Democratic state lawmakers in Minnesota early Saturday, killing one and her husband and wounding the other, in what the northern US state's governor said were "politically motivated" shootings came at a moment of deep political divisions in the United States, as thousands prepared to take to the streets in protest at the policies of Republican President Donald suspected assailant was still at large, officials said, with a massive manhunt President Donald Trump and Attorney General Pam Bondi decried what they called "horrific violence" and said the perpetrators would be prosecuted to "the fullest extent of the law."State representative Melissa Hortman -- the former speaker -- and her husband Mark were killed at their home near Minneapolis, Governor Tim Walz told a press senator John Hoffman and his wife Yvette were shot and wounded, the governor said, his voice breaking with emotion. He said officials remained "cautiously optimistic" they would recover. "This was an act of targeted political violence," Walz told reporters. "Peaceful discourse is the foundation of our democracy. We don't settle our differences with violence or at gunpoint."Drew Evans, superintendent of the Minnesota Bureau of Criminal Apprehension, said Hoffman and his wife were shot first, and as police investigated, Hortman and her husband were shot about 90 minutes later. The suspected gunman was able to escape during an exchange of gunfire with officers near Hortman's residence, Evans told reporters."We're actively searching for that individual right now," he both cases, authorities believe the assailant was impersonating a law enforcement officer, ABC News reported, quoting a source familiar with the investigation. Police are looking for a white man with brown hair, wearing black body armour over a blue shirt and blue pants, local TV station KSTP said.
India Today
03-06-2025
- Business
- India Today
Crypto is making a comeback in 2025, there are 5 factors fuelling its resurgence
Many have been betting against crypto since the lull it hit in 2022. From a low of $16000 back then, the digital currency recently hit an all-time high of $112,000. Crazy right!After the frosty scepticism around the "crypto winter," the digital currency isn't only thawing out but scripting one of the most powerful comebacks of all early 2024 and the middle of 2025, the cryptocurrency market has shown remarkable strength and resilience that has caught even seasoned financial analysts off guard. Not only that, the foundation seems more robust this time around. This time, crypto has the backing of a US President, the investors and players are much bigger, not many scamsters are plaguing the platform, and the technology is more So, how has crypto been able to spark this revival? If you're curious, here are the five core pillars shaping the great crypto comeback in pro-crypto reformsFor years, the biggest question mark hanging over crypto was regulation. Governments around the world viewed crypto with suspicion, and many threatened it with outright bans. The period from 2024 to 2025 has seen this narrative completely flip, led by a seismic shift in the United States' policy after the election of Donald US administration has moved from hostility to active support. This isn't just talk; it's backed by significant actions. In March 2025, an executive order was signed to establish a US Strategic Bitcoin Reserve, signalling that the world's largest economy now views Bitcoin as a legitimate strategic asset. Donald Trump even sees the US as a legitimate contender to become the 'Crypto Capital' of the move was then followed by a change in leadership at the Securities and Exchange Commission (SEC) when Gary Gensler was fired, which subsequently dropped its high-profile lawsuit against the crypto exchange Binance. This pivot away from "regulation-by-enforcement" towards creating clear guidelines sent a powerful message of stability and legitimacy to the global market. While challenges remain, increased regulatory oversight and the professionalisation of the industry are actively working to reduce the prevalence of scamsters and enhance investor protection, fostering a greater sense of security for new trend isn't isolated to the US. We're seeing a global move towards clarity:The European Union: The comprehensive MiCAR (Markets in Crypto-Assets) regulation is now in effect, creating a single, clear rulebook for 27 & The Middle East: Financial hubs like Hong Kong, Singapore, and the UAE are competing to attract crypto businesses by implementing their own robust, pro-innovation licensing shift is monumental for the adoption of crypto globally. When governments start building clear, predictable frameworks, it de-risks the entire industry, making it safer and more attractive for businesses and long-term investors. Institutional money finally arrives If the 2017 crypto boom was powered by individual retail investors, the 2025 comeback is being funded by the deep pockets of institutional finance. This sudden surge in investors has been triggered by two main reasons. advertisementFirst, the floodgates were opened by the approval of spot Bitcoin Exchange-Traded Funds (ETFs) in the US. Confusing? Well, think of an ETF as a basket of investments you can buy from your regular brokerage account, just like you buy a share in a company. These products, offered by Wall Street giants like BlackRock and Fidelity, provided a simple, regulated, and secure way for people to invest in crypto. The uptake was immediate and immense, with billions of dollars pouring in, demonstrating huge pent-up demand. Second, a growing wave of public companies–from tech firms to medical device manufacturers–are adopting Bitcoin as a primary treasury reserve asset. Instead of holding all their spare cash in currency that can lose value to inflation, they are allocating a portion to Bitcoin, treating it as 'digital gold'. This isn't just an investment, it's a fundamental corporate finance strategy, a powerful statement of belief in Bitcoin's long-term endurance. This move has been further buoyed by a broader macroeconomic outlook where concerns about traditional currency devaluation and the hunt for inflation hedges have steered more capital towards alternative assets like Bitcoin. advertisementEven Trump's sons have voiced strong opposition to traditional banks, citing experiences of being "debanked." They criticise the existing financial system as outdated, inefficient, and biased, advocating for cryptocurrency as a superior, decentralised alternative that offers greater financial freedom and control, even predicting that traditional banks could become "extinct" within a decade if they don't adapt. Bitcoin hit an all-time high It'd get too complicated to dive into all of the factors that led to the meteoric rise of Bitcoin in a few months. While the underlying drivers are complex, the simplest and most powerful sign of a comeback is the price itself. In May 2025, Bitcoin's price surged past $110,000, breaking its previous all-time high from 2021. This incredible surge wasn't merely speculative fervour, it was significantly amplified by the Bitcoin Halving event in April 2024. This pre-programmed event, which occurs roughly every four years, cuts the reward for mining new Bitcoin in half. Historically, reducing the supply of new Bitcoin entering the market has created a powerful upward price pressure, especially when demand remains strong or increases. More than just a number, it's a huge psychological milestone. The fact that Bitcoin has been able to pull the entire crypto market with it demonstrates that it has been able to navigate and absorb all the negative news and setbacks and emerge with renewed strength and confidence. This record-breaking momentum pushed the total market value of Bitcoin alone to over $2.2 trillion, making it one of the five most valuable assets on the planet! More valuable than many existing companies! This powerful price action captures public attention, validates the conviction of long-term holders, and forces sceptics to re-evaluate their position. Companies holding Bitcoin reserves advertisement Exploring real-world use Beyond the politics and price charts, the technology that underpins the crypto world has been quietly getting better, faster, and more useful. While the whole blockchain ecosystem has seen significant upgrades, the most prominent development has been the Pectra upgrade on the Ethereum network. Without getting too technical, this upgrade delivered tangible benefits: A better user experience: Making digital wallets more intuitive and Lower transaction fees: Addressing one of the biggest complaints by making the network cheaper to use. Greater scalability: Preparing the network to handle a much higher volume of activity in the future. This maturation is enabling a crucial shift from pure speculation to tangible utility. The best example is the rise of Real-World Asset (RWA) tokenisation. This is the process of creating a digital token that represents a real-world item, like a piece of property, a government bond, or even a fine art collection. This allows for fractional ownership and makes it easier to trade things that were previously hard to sell. Imagine being able to own a part of the famous Mona Lisa painting. It's a clear demonstration of how blockchain technology can solve real-world financial problems. Beyond RWA, we've also seen a continued expansion in decentralised finance (DeFi), the emergence of innovative AI-driven crypto projects, and a growing adoption of Web3 gaming, all pointing to a broader utility across the crypto landscape. Faith restored A healthy market comeback requires validation from two key groups: expert investors who do commentary on assets and bet on the future, and the general public who drive mainstream adoption. In 2025, both returned in force. The "smart money" of Venture Capital (VC) made a decisive return. After a quiet period, VCs poured over $4.8 billion into crypto start-ups in the first quarter of 2025 alone. They aren't chasing hype, they are funding foundational technology in areas like blockchain security, decentralised finance (DeFi), and the convergence of AI and crypto. This is a strong, forward-looking indicator that experts see long-term potential. At the same time, grassroots adoption has continued its steady climb. Surveys now show nearly one in four people in major Western nations own cryptocurrency. This growth is being driven by a younger, tech-native generation that is increasingly comfortable with digital assets. This dual validation, from both the top-down (VCs) and bottom-up (the public), creates a resilient and dynamic market. Not only that, the crypto ecosystem has been plagued by notoriety due to its association with black market transactions and fraudsters like former FTX CEO Sam Bankman-Fried. Crypto has been given a new life and the more it stays away from controversy, the more confidence it will be able to garner for new investors. Conclusion The crypto comeback of 2024-2025 feels different but instils more confidence in the asset and its foundational technology. Somehow, this time it feels less about hype and more about fundamentals. While a lot of its success has been driven by the change in narrative in the US government, the combination of regulatory approval, institutional investment, and technological maturation has created a far more resilient market than the one that existed just a few years ago. Volatility will undoubtedly remain part of the crypto story; however, now the narrative has shifted from a speculative fad to an emerging asset class being integrated into the global financial framework. The Indian perspective In India, the picture remains one of cautious optimism. Among global investors, India boasts one of the world's largest crypto user bases, demonstrating immense interest. However, the regulatory environment is still antagonistic. The government's stance to tax gains from crypto at a flat 30 per cent tax is still among the highest in the world. Not only that, the additional 1 per cent tax deducted at source (TDS) on every transaction has certainly irked many investors in India. These stringent measures are currently being re-evaluated, with recent discussions indicating the government is exploring a comprehensive crypto policy paper, a sign of its evolving, albeit cautious, stance. The Supreme Court has also weighed in, urging clearer regulation to address the "parallel economy" crypto has created. Unlike many countries like the US and Dubai, India has not made any moves to recognise cryptocurrencies as legal tender and remains focused on developing its own Central Bank Digital Currency (CBDC), the e-Rupee. After its initial trials in 2022, the digital currency hasn't gone mainstream till now, though pilot programs have seen increased activity and exploration of use cases beyond simple transactions. For now, Indian investors and builders operate in a space that is legal but lacks the clear, supportive frameworks seen elsewhere. As India watches the global comeback, particularly the institutional validation, the question remains: should the government choose to soften its tax policies and provide a clearer rulebook? Disclaimer: Crypto investments are highly volatile and speculative. This editorial is for informational purposes only and not financial advice. We don't endorse specific investments and aren't responsible for any losses you might incur. Always do your own research and consult a financial Watch
News18
31-05-2025
- Business
- News18
Trump Vs Judiciary: Tariffs On Shaky Legal Grounds
| 'So much for being a nice guy'—Trump slams China, reignites trade tensions, says tariff deal was violated. For a brief moment on Thursday, it looked like the European Union and countries around the globe would get a surprise reprieve from the widest-sweeping tariffs imposed by US President Donald little-known US Court of International Trade in New York struck down the blanket baseline 10% tariffs on virtually all goods imported into the US, announced two months ago on what Trump dubbed "Liberation Day," along with even higher country-specific US federal court argued that Trump had overstepped his presidential powers with the radical and sprawling penalties, a central pillar of his isolationist "America First' economic policy, and ordered a halt to the tariffs. n18oc_worldNews18 Mobile App -
