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Time of India
25-05-2025
- Science
- Time of India
Art project or UFO? Scientists torn over 'mysterious sphere' found in Colombia
Mysterious sphere found in Colombia (Photo: X) A strange metallic sphere has been discovered in Colombia, leaving scientists and sky-watchers divided over its origin. Some observers believe the object could be an alien spacecraft, others say it's more likely a clever art installation. The sphere was seen flying over the town of Buga, Colombia, in March before landing, reports Fox news. The discovery was shared by Truthpolex on X. Jose Luis Velazquez , one of the researchers now studying the object, said it has 'no welds or joints,' something he believes points to an extraterrestrial origin. For him, the sphere's construction is beyond known human manufacturing methods. But not everyone is convinced. Julia Mossbridge , founder and board chair of The Institute for Love and Time (TILT) and a physicist at the University of San Diego, told Fox News Digital, 'It looks to me like a really cool art project,' and urged caution before jumping to conclusions. 'We are entering a time when we don't have the control that we thought we had,' she said. 'It's because we're learning that we don't understand what's in our skies, what's in our waters. And there's something going on that's essentially bigger than us.' Mossbridge believes that humanity's past confidence in its technological superiority may be blinding people to the possibility of new discoveries, whether natural, artistic or even alien. 'If an artist is doing this, why is that? Well, I think it's partly the same reason,' she added. While she expressed scepticism about this particular object being from outer space, Mossbridge did not dismiss the larger phenomenon. 'Frankly, we've been looking at UAPs ( unidentified anomalous phenomena ) for decades, and the federal government has admitted that there are things that we don't understand, but we are investigating them.' She also highlighted the work of several groups, including the Scientific Coalition for UAP Studies , the UAP Disclosure Fund and the Galileo Project, who are independently researching strange sightings. 'They are all trying to get rigorous information themselves, not necessarily waiting on the federal government,' she explained. 'Because, for instance, the sphere in Colombia is in a different country. So, what are the rules about how we deal with something that's interesting that's found there?' Her advice? 'Before you decide something's anomalous or a UFO, bring the object to a group like the Galileo Project.' She said such teams are able to determine if the material is 'clearly non-human-made.' While Mossbridge remains unconvinced about the Colombian sphere, she added it does not 'discount all the other objects that are of extraterrestrial origin.'
Express Tribune
09-05-2025
- Politics
- Express Tribune
US will not intervene in India-Pakistan conflict: VP JD Vance
Republican vice presidential candidate JD Vance speaks about the economy, during a visit to Philadelphia, Pennsylvania, US on August 19, 2024. Photo Reuters Listen to article US Vice-President JD Vance has said the United States will not intervene militarily in the ongoing Pakistan crisis, calling it "fundamentally none of our business". Speaking to Fox news after a recent escalation between the two nuclear-armed neighbours, Vance said that while the US is urging both sides to de-escalate, it does not have the authority or responsibility to force either country to halt military operations. 'We're not going to get involved in the middle of a war that has nothing to do with America's ability to control it,' he said. The statement comes in the wake of Indian armed forces launching coordinated missile, air, and drone attacks during the night of May 6–7, targeting multiple locations in Punjab and Azad Jammu and Kashmir, including Sialkot, Shakargarh, Muridke, Bahawalpur, Kotli, and Muzaffarabad. According to the Pakistani military, the attacks resulted in the deaths of at least 31 civilians, including women and children, and injured 71 others. Civilian infrastructure, including mosques and a hydropower facility, also sustained significant damage. Read more: 'Will avenge every drop of martyrs' blood,' PM warns India In response, the Pakistan Army launched a retaliatory operation, downing five Indian fighter jets and one combat drone. The military spokesperson confirmed that the aircraft included three Rafale jets, one MiG-29, one SU-series aircraft, and an Israeli-made Heron drone. These were shot down over Bhatinda, Jammu, Akhnoor, Srinagar, and Avantipur, he maintained. In the aftermath of the attacks, Pakistan's National Security Committee (NSC) authorised the country's armed forces to undertake corresponding military actions in response to what officials called 'unprovoked aggression' and deliberate targeting of civilians. The Pakistan army also intercepted and destroyed 30 Israeli-made Herop drones, sent by India to target civilian and military installations on Thursday. The downed drones were detected over multiple cities, including Rawalpindi, Gujrat, Attock, Gujranwala, Lahore, Sheikhupura, Nankana, Ghotki and Karachi's Malir district, the Inter-Services Public Relations (ISPR) said in a statement.
Yahoo
07-05-2025
- Business
- Yahoo
China chides US over ‘serious negative impact' of Trump tariffs as trade talks set to begin
China has vowed to 'safeguard international fairness and justice' in upcoming talks with the United States in Switzerland, the first meeting between the two countries to discuss trade war that has roiled the global economy since US president Donald Trump unveiled sweeping tariffs last month. China's vice-premier He Lifeng will meet US treasury secretary Scott Bessent on the sidelines of meetings in Switzerland between 9 and 12 May. US trade representative Jamieson Greer will also attend. China's commerce ministry said on Wednesday the agreement to talk followed the US side taking the initiative to approach China. Beijing and Washington have presented conflicting accounts about which side initiated talks. China said it agreed to send He for talks after a consideration of 'Chinese interests and the appeals of US industry and consumers'. Related: Why is Trump ending the 'de minimis' tariff loophole on low-value imports? 'If the US wants to resolve the issue through negotiation, it must face the serious negative impact of unilateral tariff measures on itself and the world,' China's commerce ministry said. Bessent said on Tuesday the talks would be focused on de-escalating the trade war, rather than negotiating any deal. 'We will agree what we're going to talk about. My sense is that this will be about de-escalation, not about the big trade deal,' Bessent told Fox news. 'This isn't sustainable,' he said. Since Trump took office in January, he has unleashed a wave of tariffs on China and other countries, which risk upending the global economic order and undermining the foundation of stable relations between the world's two largest economies. US tariffs on Chinese imports have now reached 145%, with Chinese counter-tariffs reaching 125%. Both sides have implemented a number of exemptions to soften the blow on their respective economies. The US exempted smartphones and some other electrical products, following reports that the price of an iPhone in the US could increase by more than 40%. China, meanwhile, has exempted select pharmaceuticals, microchips and aircraft engines, along with other undisclosed items that are reportedly being included on a 'whitelist' that has not been made public. But the economic impact of the trade war remains severe. China's factory activity slowed in April, which analysts said reflected the trade war making it much harder to ship goods to the US. This month the US also closed a loophole that had allowed low-value goods to be shipped to the US free, a regime which had generated $66bn for the Chinese economy in 2023, according to a report from the US Congress. The World Trade Organization estimates that Chinese exports to the US, which were worth $440bn last year, will fall by 77% this year if the tariffs remain in place. China has repeatedly vowed to 'fight to the end' in the trade war, with leaders betting their country can withstand more economic pain if necessary than Americans would be willing to tolerate. Beijing is also trying to woo other countries, presenting itself as a stable partner in contrast to a capricious US. 'China notes that some economies are also in talks with the US,' China said on Wednesday. 'We need to stress that appeasement cannot be turned into peace, and compromise cannot be respected'.
29-04-2025
- Business
Asian shares advance after a quiet day on Wall St, despite tough talk on tariffs
NEW YORK -- Asian shares were mostly higher on Tuesday after U.S. stocks drifted to a mixed, quiet finish ahead of a busy week of corporate earnings and economic data that could bring more bouts of volatility. U.S. futures edged higher and oil prices fell. Tokyo's markets were closed for a holiday. Hong Kong's Hang Seng was nearly unchanged at 21,969.67, while the Shanghai Composite index edged 0.1% lower, to 3,285.68. In South Korea, the Kospi jumped 0.7% to 2,565.42. Australia's S&P/ASX 200 also rose 0.9%, to 8,070.60. Taiwan's Taiex gained 1%, while the Sensex in India edged less than 0.1% higher. A recent relative lull in trading has brought a respite from the sharp swings that have rocked markets for weeks, as hopes rose and fell that President Donald Trump may back down on his trade war. The Trump administration appears to have made little headway in finding a way forward with Beijing, with both sides insisting the other needs to make the first move. Treasury Secretary Scott Bessent, speaking on CNBC, said he believed China wants a 'de-escalation' in the trade war. "I do have an escalation letter in my back pocke, and we're very anxious not to have to use itt.' 'Maybe they'll call me one day,' Bessent told Fox news. Trump has ordered increases in tariffs on Chinese exports that combined add up to 145%. China has struck back with import duties on U.S. goods of up to 125%, though it has exempted some items. Many investors believe Trump's tariffs could cause a recession if left unaltered. Coming into Monday, the S&P 500 had roughly halved its drop that had taken it nearly 20% below its record set earlier this year. On Monday, the S&P 500 inched up by 0.1%, to 5,528.75, extending its winning streak to a fifth day. The Dow Jones Industrial Average added 0.3% to 40,227.59, and the Nasdaq composite slipped 0.1% to 17,366.13. Mixed trading for some influential tech stocks ahead of their earnings reports this week pulled the S&P 500 back and forth between modest gains and losses for much of Monday. Amazon fell 0.7%, Microsoft dipped 0.2%, Meta Platforms added 0.4% and Apple rose 0.4%. Outside of Big Tech, executives from Caterpillar, Exxon Mobil and McDonald's may also offer clues this week about how they're seeing economic conditions play out. Several companies across industries have already slashed their estimates for upcoming profit or pulled their forecasts entirely because of uncertainty about what will happen with Trump's tariffs. A fear is that Trump's on-again-off-again tariffs may be pushing households and businesses to alter their spending and freeze plans for long-term investment because of how quickly conditions can change, seemingly by the hour. So far, economic reports seem to show the U.S. economy is still growing, though at a weaker pace. On Wednesday, economists expect a report to say U.S. economic growth slowed to a 0.8% annual rate in the first three months of this year, down from a 2.4% pace at the end of last year. Most reports so far have focused on data from before Trump's 'Liberation Day' on April 2, when he announced tariffs that could affect imports from countries worldwide. That could raise the stakes for upcoming reports on the U.S. job market, including Friday's, which will show how many workers employers hired during all of April. Economists expect it to show a slowdown in hiring down to 125,000 from 228,000 in March. The most jarring economic data recently have come from surveys showing U.S. consumers are getting much more pessimistic about the economy's future because of tariffs. The Conference Board's latest reading on consumer confidence is due on Tuesday. In the bond market, Treasury yields fell further. They've been sinking since an unsettling, unusual spurt higher in yields earlier this month rattled both Wall Street and the U.S. government. That rise had suggested investors worldwide may have been losing faith in the U.S. bond market's reputation as a safe place to park cash. The yield on the 10-year Treasury was steady at 4.21% early Tuesday. In other dealings, benchmark U.S. crude oil lost 54 cents to $61.51 per barrel. Brent crude gave up 51 cents to $64.28 per barrel. The U.S. dollar bought 142.49 Japanese yen, up from 142.02 yen. The euro slipped to $1.1387 from $1.1422.
The Independent
29-04-2025
- Business
- The Independent
Asian shares advance after a quiet day on Wall St, despite tough talk on tariffs
Asian shares were mostly higher on Tuesday after U.S. stocks drifted to a mixed, quiet finish ahead of a busy week of corporate earnings and economic data that could bring more bouts of volatility. U.S. futures edged higher and oil prices fell. Tokyo's markets were closed for a holiday. Hong Kong's Hang Seng gained 0.5% to 22,070.23, while the Shanghai Composite index edged less than 0.1% lower, to 3,286.49. In South Korea, the Kospi jumped 0.8% to 2,568.62. Australia's S&P/ASX 200 also rose 0.8%, to 8,061.90. Taiwan's Taiex gained 0.5%. A recent relative lull in trading has brought a respite from the sharp swings that have rocked markets for weeks, as hopes rose and fell that President Donald Trump may back down on his trade war. The Trump administration appears to have made little headway in finding a way forward with Beijing, with both sides insisting the other needs to make the first move. Treasury Secretary Scott Bessent, speaking on CNBC, said he believed China wants a 'de-escalation' in the trade war. "I do have an escalation letter in my back pocke, and we're very anxious not to have to use itt.' 'Maybe they'll call me one day,' Bessent told Fox news. Trump has ordered increases in tariffs on Chinese exports that combined add up to 145%. China has struck back with import duties on U.S. goods of up to 125%, though it has exempted some items. Many investors believe Trump's tariffs could cause a recession if left unaltered. Coming into Monday, the S&P 500 had roughly halved its drop that had taken it nearly 20% below its record set earlier this year. On Monday, the S&P 500 inched up by 0.1%, to 5,528.75, extending its winning streak to a fifth day. The Dow Jones Industrial Average added 0.3% to 40,227.59, and the Nasdaq composite slipped 0.1% to 17,366.13. Mixed trading for some influential tech stocks ahead of their earnings reports this week pulled the S&P 500 back and forth between modest gains and losses for much of Monday. Amazon fell 0.7%, Microsoft dipped 0.2%, Meta Platforms added 0.4% and Apple rose 0.4%. Outside of Big Tech, executives from Caterpillar, Exxon Mobil and McDonald's may also offer clues this week about how they're seeing economic conditions play out. Several companies across industries have already slashed their estimates for upcoming profit or pulled their forecasts entirely because of uncertainty about what will happen with Trump's tariffs. A fear is that Trump's on-again-off-again tariffs may be pushing households and businesses to alter their spending and freeze plans for long-term investment because of how quickly conditions can change, seemingly by the hour. So far, economic reports seem to show the U.S. economy is still growing, though at a weaker pace. On Wednesday, economists expect a report to say U.S. economic growth slowed to a 0.8% annual rate in the first three months of this year, down from a 2.4% pace at the end of last year. Most reports so far have focused on data from before Trump's 'Liberation Day' on April 2, when he announced tariffs that could affect imports from countries worldwide. That could raise the stakes for upcoming reports on the U.S. job market, including Friday's, which will show how many workers employers hired during all of April. Economists expect it to show a slowdown in hiring down to 125,000 from 228,000 in March. The most jarring economic data recently have come from surveys showing U.S. consumers are getting much more pessimistic about the economy's future because of tariffs. The Conference Board's latest reading on consumer confidence is due on Tuesday. In the bond market, Treasury yields fell further. They've been sinking since an unsettling, unusual spurt higher in yields earlier this month rattled both Wall Street and the U.S. government. That rise had suggested investors worldwide may have been losing faith in the U.S. bond market's reputation as a safe place to park cash. The yield on the 10-year Treasury was steady at 4.21% early Tuesday. In other dealings, benchmark U.S. crude oil lost 33 cents to $61.72 per barrel. Brent crude gave up 32 cents to $64.46 per barrel. The U.S. dollar bought 142.36 Japanese yen, up from 142.02 yen. The euro slipped to $1.1401 from $1.1422. ___ AP Business Writers Stan Choe and Matt Ott contributed.
