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India strikes alleged headquarters of militant groups in Pakistan’s heartland

MURIDKE, Pakistan, May 8 (Reuters) – Video footage from the early hours of Wednesday shows a bright flash from the residential Islamic seminary outside Bahawalpur in central Pakistan as India attacked its neighbour in response to the killing of Indian tourists in Kashmir. The seminary was emptied of its students in recent days as speculation grew that would be targeted by India, but the family of Masood Azhar, founder of the Jaish-e-Mohammed Islamist militant group, was still there, according to the group. Ten of Azhar’s relatives were among 13 people killed in the strike, including women and children, the Pakistani

Gold rises as Fed flags economic uncertainty; Sino-US trade talks in focus

May 8 (Reuters) – Gold climbed on Thursday after the Federal Reserve warned of rising inflation and labor market risks fuelling economic uncertainty, while investors awaited the outcome of the U.S.-China trade talks this weekend. Spot gold rose 0.9% to $3,392.90 an ounce, as of 0416 GMT. U.S. gold futures firmed 0.2% to $3,399.80. “The focus in the yellow market was on the statements from the Fed, as they left rates unchanged but flagged risk of higher inflation and unemployment,” said Reliance Securities’ senior commodity analyst Jigar Trivedi. The Fed held interest rates steady on Wednesday but said risks of

Sensex, Nifty trade flat in volatile trade amid geopolitical tensions

Mumbai, May 8 (PTI) Benchmark indices Sensex and Nifty began the day on an optimistic note on Thursday but later turned volatile, a day after India launched missile strikes on terrorist hideouts in Pakistan and Pakistan-Occupied Kashmir. Investors stayed on the sidelines amid rising geopolitical tensions. In a strong retaliation to the Pahalgam massacre, India’s armed forces early on Wednesday destroyed nine terror sites including that of Jaish-e-Mohammad and Lashkar-e-Taiba in Pakistan and Pakistan-occupied Kashmir (PoK) using deep strike missiles in a 25-minute-long “measured and non-escalatory” mission. The 30-share BSE benchmark gauge climbed 181.21 points to 80,927.99 in early trade.

US Judge temporarily blocks Trump administration’s new transit and homelessness grant conditions

SEATTLE, May 8, 2025 (AP) — A US federal judge on Wednesday temporarily blocked the Trump administration from imposing new conditions on hundreds of millions of dollars worth of mass transit grants for the Seattle area or homelessness services grants for Boston, New York, San Francisco and other local governments. The new conditions were designed to further President Donald Trump’s efforts to eliminate diversity, equity and inclusion policies; coerce local officials into assisting with the administration’s mass deportation efforts; and cut off information about lawful abortions, according to the lawsuit filed last week by eight cities and counties. The administration

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