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Express Tribune
18 hours ago
- Politics
- Express Tribune
Indian defence chief admits fighter jet losses to Pakistan
Listen to article India's military has officially confirmed the loss its fighter jets during the May clashes with Pakistan, marking the first official acknowledgment of air losses in the ongoing conflict. General Anil Chauhan, Chief of Defence Staff of the Indian Armed Forces, disclosed the information in an interview with Bloomberg Television on Saturday, during the sidelines of the Shangri-La Dialogue in Singapore. However, he denied Pakistan's tally of six Indian jets being shot down, choosing not to specify the exact number of aircraft lost. "What is important is not the jet being down, but why they were being down," Chauhan said. "Numbers are not important." His comments followed confirmation from Pakistan, including a statement by Prime Minister Shehbaz Sharif, who confirmed that the Pakistan Air Force had downed a sixth Indian aircraft, a Mirage 2000, near Srinagar on the night of May 6-7. Chauhan further discussed tactical mistakes made during the conflict, noting that the Indian military had resumed air operations just two days later and carried out long-range precision strikes. "The good part is that we are able to understand the tactical mistakes, remedy them, and implement them again," he added. While General Chauhan did not specify the number of jets lost, a senior Bharatiya Janata Party (BJP) leader, Subramanian Swamy, had earlier acknowledged the loss of at least five Indian aircraft during the clash against Pakistan. READ MORE: French intelligence official confirms downing of Rafale by Pakistan Speaking on a podcast, Swamy confirmed that Pakistan had downed five Indian fighter jets, including Rafale aircraft, during the military exchange. He further commented on the performance of Indian and Pakistani jets, stating, 'Pakistan shot down five of our aircraft using Chinese fighter jets." He admitted that 'the Chinese jets had outperformed the French Rafales.' Earlier, reports from Pakistan indicated that Indian forces had suffered significant losses during the clashes, including the downing of three Rafale jets, a critical asset for the Indian Air Force. In the wake of these losses, both nations engaged in heavy air strikes, with Pakistan had declaring to have neutralised Israeli-made drones launched by India. READ MORE: US officials confirm Pakistan downed at least two Indian jets, including Rafale On the potential for nuclear escalation, General Chauhan dismissed such concerns, labelling them as "far-fetched". He emphasised that there was a significant gap between conventional operations and the nuclear threshold. Additionally, Chauhan pointed out that communication channels between India and Pakistan remained open throughout the fighting, which helped in managing the situation. "There are more sub-ladders which can be exploited for settling our issues," he said. The conflict between India and Pakistan initially escalated on April 22, after an attack in Pahalgam area of Indian-Ilegally Occupied Jammu and Kashmir (IIOJK) killed 26 people. India blamed Pakistan for the incident without providing any evidence. Islamabad denied India's claims and called for an independent probe. India then suspended the 65-year-old Indus Waters Treaty, cancelled visas, and closing border crossings leading to tit-for-tat measures by Pakistan. READ: India approves stealth jet plan amid tensions with Pakistan The military engagement further intensified with missile strikes on May 7 targeting several cities in Punjab and Azad Jammu and Kashmir, followed by Pakistan downing Indian warplanes. As hostilities increased, both countries launched military strikes, with India hitting Pakistani airbases and Pakistan retaliating by damaging Indian missile storage sites and other strategic targets. By May 10, US-led diplomatic efforts resulted in a ceasefire agreement, though both countries continue to engage in a war of narratives.
Miami Herald
2 days ago
- Business
- Miami Herald
New to The Street Proudly Presents: IMG Academy to Be Featured in Original Special Broadcast on Bloomberg Television
NEW YORK CITY, NEW YORK / ACCESS Newswire / May 29, 2025 / New to The Street, the nationally recognized business television series, proudly presents an exclusive original broadcast spotlighting IMG Academy, the world leader in sports education. The feature will air Saturday, May 31 at 6:30 PM ET on Bloomberg Television as sponsored programming. This televised special provides a rare inside look at IMG Academy's elite campus, transformative development model, and the innovative tools preparing the next generation of leaders both on and off the field. The segment will highlight how IMG Academy integrates world-class athletic training, rigorous academics, and personalized development to shape future collegiate athletes and high-character individuals. IMG Academy Highlights: Top 3 finalist for the World's Best School Prize - "Supporting Healthy Lives" (only U.S. finalist in the category)100% college acceptance rate for the Class of 202410 student-athletes accepted to Ivy League institutions20 student-athletes admitted to top 25 U.S. universities3 student-athletes accepted to U.S. Military Academies332 student-athletes committed to NCAA Division I, II, III, and NAIA programs4.35M+ athlete profile views on NCSA by college coaches in 202440,000+ college coaches on the NCSA recruiting platform31,000+ athlete college commitments in 202414 partnerships with national sports governing bodies Strategic Brand Alliances IMG Academy's mission is reinforced through strategic partnerships with top global brands that share its commitment to performance, innovation, and excellence. These include: Under Armour, Gatorade, Therabody, Merrill, Uni, Dunlop, and NTT Sonority. Cross-Platform Distribution The Bloomberg Television premiere will be amplified across New to The Street's media ecosystem, including distribution to its 2.5M+ YouTube subscribers, syndication across major social platforms, and iconic billboard exposure throughout Times Square and the NYC Financial District. About IMG AcademyIMG Academy is the world's leading sports education brand, offering a holistic model that prepares student-athletes to succeed in sport, college, and life. Based in Bradenton, Florida, IMG Academy delivers a comprehensive suite of development programs through its state-of-the-art boarding school and sports camps. Its innovative online platform, IMG Academy+, provides personalized coaching with a focus on personal growth through athletic performance. Through its NCSA recruiting network, IMG Academy also connects student-athletes with more than 40,000 college coaches, offering unparalleled access, tools, and guidance to navigate the collegiate recruitment process. To learn more, visit About New to The StreetNew to The Street is a nationally syndicated business media platform known for long-form interviews with founders, executives, and public company leaders. Broadcasting weekly across Fox Business and Bloomberg Television as sponsored programming, the show reaches over 219 million U.S. households. With a digital footprint that includes 2.5+ million YouTube subscribers, 700K+ social followers, and the most powerful billboard presence in Times Square and NYC's Financial District, New to The Street is the only financial media brand delivering high-impact exposure across broadcast, digital, social, and out-of-home channels. Media Contact:Monica BrennanMonica@ SOURCE: New To The Street
Yahoo
2 days ago
- Business
- Yahoo
Reform Chairman on Farage's Bid for UK Crypto Hub
Reform UK leader Nigel Farage attempted to woo younger British voters by announcing a Donald Trump-style foray into cryptocurrency policy at a Bitcoin conference in Las Vegas on Thursday. Reform Chairman Zia Yusuf discusses the plan on Bloomberg Television. Sign in to access your portfolio
eNCA
2 days ago
- Business
- eNCA
White House slams 'blatantly wrong' court decision blocking Trump tariffs
WASHINGTON - The White House on Thursday blasted a federal court's decision to block many of President Donald Trump's sweeping tariffs, marking a major setback to his trade strategy. Since returning to the presidency in January, Trump has moved to redraw his country's trade ties with the world while using tariffs as a negotiating tactic to pressure foreign governments to the table. But the stop-start rollout of levies, impacting both friend and foe, has roiled markets and snarled supply chains. The three-judge Court of International Trade ruled Wednesday that Trump had overstepped his authority, and barred most of the duties announced since he took office. The White House called this ruling "blatantly wrong" on social media, expressing confidence that the decision would be overturned on appeal. Attorneys for the Trump administration have filed an appeal against the ruling, which gave the White House 10 days to complete the process of halting affected tariffs. - 'Nothing's really changed - Trump's trade adviser Peter Navarro told Bloomberg Television: "Nothing's really changed." "If anybody thinks this caught the administration by surprise, think again," he added. Kevin Hassett, director of the National Economic Council, told Fox Business that although officials have other options that would "take a couple of months" to implement, they are not planning to pursue these right now. He insisted that "hiccups" because of decisions by "activist judges" would not affect negotiations with other trading partners, adding that three deals are close to finalization. Trump's global trade war has roiled markets with import levies aimed at punishing economies that sell more to the United States than they buy. He argued that resulting trade deficits and the threat posed by drug smuggling constituted a "national emergency" that justified the widespread tariffs -- which the court ruled against. White House spokesman Kush Desai earlier said: "It is not for unelected judges to decide how to properly address a national emergency." - China: 'cancel wrongful tariffs' - Trump has been using tariffs as leverage in trade negotiations, including with the European Union and China. Beijing -- which was hit by additional 145 percent tariffs before they were temporarily reduced to give space for negotiations -- reacted by saying Washington should scrap the levies. "China urges the United States to heed the rational voices from the international community and domestic stakeholders and fully cancel the wrongful unilateral tariff measures," said commerce ministry spokeswoman He Yongqian. Canadian Prime Minister Mark Carney said his government welcomed the court decision, but warned that trade ties remain "profoundly and adversely threatened" by the remaining sector-specific levies and further threats. Japan's tariffs envoy Ryosei Akazawa said Tokyo would study the ruling, as he left for a fourth round of talks in Washington. Trump unveiled sweeping import duties on nearly all trading partners in April, at a baseline 10 percent -- plus steeper levies on dozens of economies including China and the EU, which have since been paused. The US court's ruling also quashes duties that Trump imposed on Canada, Mexico and China separately using emergency powers. But it leaves intact 25 percent duties on imported autos, steel and aluminum. Asian markets rallied Thursday but US indexes were mixed around midday. Europe closed slightly down as realization sank in that the decision might not be a definitive moment. - 'Extraordinary threat' - The federal trade court was ruling in two separate cases -- brought by businesses and a coalition of state governments -- arguing that the president had violated Congress's power of the purse. The judges said the cases rested on whether the International Emergency Economic Powers Act of 1977 (IEEPA) delegate such powers to the president "in the form of authority to impose unlimited tariffs on goods from nearly every country in the world." "The court does not read IEEPA to confer such unbounded authority and sets aside the challenged tariffs imposed thereunder," they said. The judges stated that any interpretation of the IEEPA that "delegates unlimited tariff authority is unconstitutional." Analysts at London-based research group Capital Economics said the case may end up with the Supreme Court, but would be unlikely to mark the end of the tariff war. Trump could explore other sections of US law or seek congressional approval for tariffs. By Beiyi Seow And Danny Kemp
Eyewitness News
2 days ago
- Business
- Eyewitness News
White House slams 'blatantly wrong' court decision blocking Trump tariffs
WASHINGTON - The White House on Thursday blasted a federal court's decision to block many of President Donald Trump's sweeping tariffs, marking a major setback to his trade strategy. Since returning to the presidency in January, Trump has moved to redraw his country's trade ties with the world while using tariffs as a negotiating tactic to pressure foreign governments to the table. But the stop-start rollout of levies, impacting both friend and foe, has roiled markets and snarled supply chains. The three-judge Court of International Trade ruled Wednesday that Trump had overstepped his authority, and barred most of the duties announced since he took office. The White House called this ruling "blatantly wrong" on social media, expressing confidence that the decision would be overturned on appeal. Attorneys for the Trump administration have filed an appeal against the ruling, which gave the White House 10 days to complete the process of halting affected tariffs. 'NOTHING'S REALLY CHANGED Trump's trade adviser Peter Navarro told Bloomberg Television: "Nothing's really changed." "If anybody thinks this caught the administration by surprise, think again," he added. Kevin Hassett, director of the National Economic Council, told Fox Business that although officials have other options that would "take a couple of months" to implement, they are not planning to pursue these right now. He insisted that "hiccups" because of decisions by "activist judges" would not affect negotiations with other trading partners, adding that three deals are close to finalization. Trump's global trade war has roiled markets with import levies aimed at punishing economies that sell more to the United States than they buy. He argued that resulting trade deficits and the threat posed by drug smuggling constituted a "national emergency" that justified the widespread tariffs - which the court ruled against. White House spokesman Kush Desai earlier said: "It is not for unelected judges to decide how to properly address a national emergency." CHINA: 'CANCEL WRONGFUL TARIFFS' Trump has been using tariffs as leverage in trade negotiations, including with the European Union and China. Beijing - which was hit by additional 145 percent tariffs before they were temporarily reduced to give space for negotiations - reacted by saying Washington should scrap the levies. "China urges the United States to heed the rational voices from the international community and domestic stakeholders and fully cancel the wrongful unilateral tariff measures," said commerce ministry spokeswoman He Yongqian. Canadian Prime Minister Mark Carney said his government welcomed the court decision, but warned that trade ties remain "profoundly and adversely threatened" by the remaining sector-specific levies and further threats. Japan's tariffs envoy Ryosei Akazawa said Tokyo would study the ruling, as he left for a fourth round of talks in Washington. Trump unveiled sweeping import duties on nearly all trading partners in April, at a baseline 10 percent - plus steeper levies on dozens of economies, including China and the EU, which have since been paused. The US court's ruling also quashes duties that Trump imposed on Canada, Mexico and China separately using emergency powers. But it leaves intact 25 percent duties on imported autos, steel and aluminum. Asian markets rallied Thursday but US indexes were mixed around midday. Europe closed slightly down as realization sank in that the decision might not be a definitive moment. 'EXTRAORDINARY THREAT' The federal trade court was ruling in two separate cases - brought by businesses and a coalition of state governments - arguing that the president had violated Congress's power of the purse. The judges said the cases rested on whether the International Emergency Economic Powers Act of 1977 (IEEPA) delegate such powers to the president "in the form of authority to impose unlimited tariffs on goods from nearly every country in the world." "The court does not read IEEPA to confer such unbounded authority and sets aside the challenged tariffs imposed thereunder," they said. The judges stated that any interpretation of the IEEPA that "delegates unlimited tariff authority is unconstitutional." Analysts at London-based research group Capital Economics said the case may end up with the Supreme Court, but would be unlikely to mark the end of the tariff war. Trump could explore other sections of US law or seek congressional approval for tariffs.
