Today's News Monday, March 3, 2025

Today's News Monday, March 3, 2025

European Leaders Convene in London to Support Ukraine

European leaders gathered in London for a defense summit hosted by UK Prime Minister Keir Starmer, focusing on bolstering support for Ukraine amid its ongoing conflict with Russia. Ukrainian President Volodymyr Zelenskyy received a supportive reception, contrasting with his recent contentious meeting in the United States. European nations pledged increased defense support, including a substantial UK loan for air defense missiles. Discussions also covered potential troop commitments from allied nations, though specifics remain undetermined. The summit highlighted Europe's unified stance in supporting Ukraine, despite uncertainties regarding U.S. cooperation. 

Ongoing Conflict in Ukraine: Drone Strikes in Kharkiv

The conflict in Ukraine persists, with Russian forces conducting drone strikes in Kharkiv. A recent attack on an apartment block resulted in injuries and significant damage, underscoring the ongoing hostilities and the challenges faced by Ukrainian civilians. 

Global Economic Tensions Rise Amid New U.S. Tariffs

The United States announced new tariffs on imports from Canada, Mexico, and China, set to commence on Tuesday. These measures have unsettled global markets and are expected to influence political dynamics in Canada, where the ruling Liberal party is preparing to elect a new leader. The tariffs include a 10% levy on Chinese goods, adding to existing global economic uncertainties. 

Oil Prices Rebound Following Positive Chinese Manufacturing Data

Oil prices experienced a modest rebound, driven by positive manufacturing data from China, the world's largest crude importer. Brent crude increased by 0.5% to $73.17 per barrel, while West Texas Intermediate (WTI) rose to $70.10 per barrel. China's manufacturing activity grew at its fastest pace in three months, boosting optimism about fuel demand. Investors are closely monitoring the upcoming annual meeting of China's parliament for potential economic support measures. 

Brazil's "I'm Still Here" Wins Best International Feature at Oscars

At the 97th Academy Awards, Brazil's "I'm Still Here," directed by Walter Salles, won the Best International Feature award. The film portrays a mother's struggle during Brazil's military dictatorship and was inspired by Marcelo Rubens Paiva's biographical book. Salles dedicated the award to Eunice Pavia, whose story inspired the film, and acknowledged actresses Fernanda Torres and Fernanda Montenegro. The film also received nominations for Best Actress and Best Picture. 

Postponement of Australian Delegation's Trip Due to Cyclone Alfred

Livingstone Mayor Adam Belot and Keppel MP Nigel Hutton have postponed their international advocacy trip to Japan and China due to the impending threat of Cyclone Alfred. The trip aimed to discuss investment opportunities for local resorts in disrepair. The officials emphasized the importance of supporting the local community during the cyclone and have engaged in online communications with international partners to strengthen relationships. 

Upcoming International Events

144th IOC Session: Scheduled for March 18–21, 2025, in Olympia, Greece, this session will elect the tenth president of the International Olympic Committee. 

2025 ICC Champions Trophy Semi-Final: India and Australia are set to compete in the first semi-final on March 4, 2025, at the Dubai International Cricket Stadium. This marks their first One Day International match since the 2023 Cricket World Cup final. 

2025 Special Olympics World Winter Games: Turin, Italy, will host the 12th Special Olympics World Winter Games from March 8 to 15, 2025, marking the first time Italy hosts the event. 

Economic Developments

Manufacturing Sector Slowdown: In February, India's manufacturing activity experienced a slowdown, with the Manufacturing Purchasing Managers' Index (PMI) dropping to 56.3 from 57.7 in January. This 14-month low is attributed to cooling domestic and international demand. However, employment growth remained robust, and input cost inflation eased, suggesting potential for future monetary policy adjustments by the Reserve Bank of India. 

Trade Negotiations with the U.S.: Commerce Minister Piyush Goyal has embarked on a visit to the United States to engage in trade discussions amid looming reciprocal tariffs proposed by President Donald Trump, set to take effect in April. The talks aim to clarify the impact of these tariffs on India and explore possible concessions to enhance bilateral trade. 

Stock Market Movements: The Indian stock market opened on a positive note, with the NSE Nifty 50 rising by 0.47% to 22,229 and the BSE Sensex climbing 0.57% to 73,613. However, these gains were later reversed due to global trade concerns and a notable decline in Reliance Industries' shares, which hit a 16-month low. 

Sports Highlights

Cricket - ICC Champions Trophy: India is set to face Australia in the first semi-final of the 2025 ICC Champions Trophy on March 4 at the Dubai International Cricket Stadium. This marks the first ODI encounter between the two teams since the 2023 Cricket World Cup final. Australian spinner Adam Zampa has acknowledged not being in peak form but remains confident in his wicket-taking abilities ahead of the crucial match. 

Entertainment News

Film Release - 'Panjab '95': The biographical film 'Panjab '95', starring Diljit Dosanjh as human rights activist Jaswant Singh Khalra, has faced multiple postponements. Initially slated for a February release, the film's debut has been delayed again for undisclosed reasons, with no new release date announced for India. 

Upcoming Film - 'Sikandar': Directed by A. R. Murugadoss and produced by Sajid Nadiadwala, 'Sikandar' is an action thriller featuring Salman Khan in a dual role. The film is scheduled for a worldwide theatrical release on March 28, 2025, coinciding with Eid al-Fitr. 

Science and Technology

Gaganyaan-1 Mission: India's first uncrewed test flight under the Gaganyaan programme, Gaganyaan-1, is tentatively planned for launch on March 1, 2025. This mission represents a significant step in India's human spaceflight endeavors. 

Bank Holiday for Zakat Deduction

The State Bank of Pakistan (SBP) has declared today a bank holiday to facilitate the annual Zakat deduction, coinciding with the onset of Ramadan. All banks, Development Finance Institutions (DFIs), and Microfinance Banks (MFBs) are closed for public dealings. However, digital banking services, including ATMs and online platforms, remain operational. Bank employees are required to report to work as usual, with internal operations continuing without interruption. 

Inflation Trends and Economic Outlook

The Ministry of Finance projects that consumer inflation will remain stable in February, continuing its downward trajectory compared to the previous year. The anticipated inflation rate is between 2.0% and 3.0% for the month, with a slight increase to 3.0%-4.0% expected in March 2025. In January, the Consumer Price Index (CPI) was 2.4%, a significant decrease from 24% in the same period last year. This decline is attributed to economic stabilization under a $7 billion Extended Fund Facility (EFF) secured from the International Monetary Fund (IMF) last summer. An IMF mission is scheduled to visit Islamabad next week for the first review of this program. 

IMF Mission's Upcoming Visit

An International Monetary Fund (IMF) mission is set to arrive in Pakistan next week for the first review of the country's $7 billion Extended Fund Facility (EFF) bailout program. Finance Minister Muhammad Aurangzeb stated that Pakistan's economy has stabilized and is now focusing on export-led growth. The IMF team will spend approximately two weeks reviewing fiscal reforms and policies. Additionally, discussions will include around $1 billion in climate financing under the IMF's Resilience and Sustainability Trust, aimed at supporting long-term concessional funding for climate-related projects. 

Champions Trophy 2025: Cricket Updates

Pakistan is hosting the 2025 ICC Champions Trophy from February 19 to March 9, marking the country's first major ICC event since 1996. The tournament features the top eight ranked men's national teams, with Afghanistan making its debut appearance. Despite being the defending champions, Pakistan was eliminated in the group stage. 

In recent matches, New Zealand suffered their first loss of the tournament against India but remains confident as they prepare to face South Africa in the semi-final in Lahore. Pace bowler Matt Henry emphasized the team's focus on the upcoming match, highlighting their familiarity with Pakistani conditions. 

Australia's spinner Adam Zampa acknowledged not being in peak form ahead of the semi-final against India but remains optimistic about making crucial contributions. The Australian team has faced a hectic travel schedule, moving from Pakistan to Dubai, and is preparing for the critical semi-final match against India. 

Animal Welfare: Rescue of Rocky the Bear

Rocky, a 7-year-old black bear, was rescued from abusive conditions in Punjab province, where he was kept illegally and forced into 35 fights. Authorities relocated him to Islamabad for medical treatment, with assistance from the organization Four Paws. Rocky sustained various injuries, including a fractured jaw and ear wounds from dog bites. This incident highlights ongoing animal welfare issues in Pakistan, despite bear fighting being illegal. 

Cultural Scene: Ramadan Television Specials

With the commencement of Ramadan, Pakistani television networks have launched special drama series tailored for the season. "My Dear Cinderella," a romantic comedy, premiered on Hum TV on March 2, 2025. Directed by Mohsin Talat and produced by Momina Duraid, the series features actors Khaqan Shahnawaz and Zara Peerzada in lead roles. 

Similarly, "Ishq Di Chashni," another romantic comedy, debuted on Green Entertainment on the same day. Directed by Shahid Shafaat and produced by Tehreem Chaudhary, this series stars Sehar Khan and Khushhal Khan. 

Both series aim to provide engaging content for viewers during the holy month.

Political Developments

Prime Minister Shehbaz Sharif, re-elected for a second term on March 3, 2024, leads a coalition government comprising the Pakistan People's Party, Muttahida Qaumi Movement - Pakistan, Pakistan Muslim League (Q), Istehkam-e-Pakistan Party, and the Balochistan Awami Party. His administration hosted the 2024 Shanghai Cooperation Organization (SCO) summit, focusing on regional development and cooperation. The government has also initiated Operation Azm-e-Istehkam and proposed constitutional amendments affecting the judiciary, though these moves have faced criticism and ongoing protests due to economic and political pressures. 

Bollywood

Alia Bhatt Engages with Fans in Mumbai

Renowned actress Alia Bhatt recently delighted fans by attending a special meet-and-greet event in Mumbai. The gathering allowed her to connect personally with her admirers, sharing moments and creating lasting memories. 

'Anuja' Misses Out on Oscar Win

The New Delhi-based short film 'Anuja', backed by Priyanka Chopra and Guneet Monga, was nominated for Best Live Action Short at the 2025 Oscars. Despite high expectations, the award went to 'I'm Not A Robot'. 

Upcoming Hindi Releases in March 2025

March 2025 promises an exciting lineup for Bollywood enthusiasts. Notably, 'Sikandar', set to release on March 28, is generating significant buzz. This high-octane theatrical blockbuster is among the most anticipated Hindi releases this month. 

'Chhaava' Achieves Box Office Milestones

The film 'Chhaava' has made a remarkable impact at the box office. As of March 1, 2025, it has entered the ₹400 crore club domestically, surpassing previous records in Maharashtra. This biopic on Chhatrapati Sambhaji Maharaj, starring Vicky Kaushal and Rashmika Mandanna, continues to draw audiences nationwide. 

Hollywood

2025 Oscars Highlights

The 97th Academy Awards featured notable moments:

Best Picture: 'Anora' secured the coveted award, contributing to its five-Oscar haul.

Best Actress: Mikey Madison received the Best Actress statuette for her role in 'Anora'.

The event, hosted by Conan O’Brien, celebrated cinematic excellence amidst a turbulent awards season. 

Jason Derulo Ventures into Filmmaking

American superstar Jason Derulo is transitioning from music to filmmaking, aiming to produce Hollywood blockbusters. He has written three scripts: a comedy, a Marvel-style movie, and a Christmas film. Derulo also released a new single, "Snake," in collaboration with Bollywood star Nora Fatehi, with the video shot in Morocco. 

Lollywood

Bank Holiday Observed for Zakat Deduction

In Pakistan, Monday, March 3, 2025, is observed as a bank holiday for the deduction of Zakat, coinciding with the first day of Ramadan. 

'The Paradise' Special Clip Release

The creators of 'The Paradise' have announced that a special video clip from Nani's new film will be released on March 3, 2025. 

The realms of fashion, beauty, and style are witnessing a harmonious blend of nostalgia and innovation. Designers and beauty experts are drawing inspiration from past eras while integrating contemporary elements, resulting in trends that are both familiar and refreshingly new.

Fashion Trends

1. Bohemian Daydream: The boho-chic aesthetic is making a strong comeback, characterized by flowing fabrics, earthy tones, and intricate patterns. Suede materials, in particular, are at the forefront, offering a tactile and vintage appeal. 

2. Shades of Yellow: From pastel butter yellows to vibrant mustards, this sunny hue is dominating runways and street fashion alike, bringing warmth and optimism to various ensembles. 

3. Elevated Athleisure: Athleisure continues to evolve, blending comfort with sophistication. Think tailored joggers paired with structured blazers, merging functionality with style. 

4. Coastal Cool: Nautical themes are prevalent, featuring stripes, cable-knit sweaters, and fisherman-inspired attire, perfect for both seaside and urban settings. 

5. Exaggerated Proportions: Designers are playing with silhouettes, introducing oversized jackets, wide-leg trousers, and billowy dresses that add drama and movement to outfits. 

Beauty Trends

1. Berry Everything: Deep berry tones are trending in makeup, from lipsticks to eyeshadows, offering a rich and versatile color palette suitable for various skin tones. 

2. Mocha Brown Manes: Rich, dark brown hair colors with warm undertones are gaining popularity, providing a luxurious and natural look. 

3. Almond-Shaped Nails: This elegant nail shape is favored for its versatility and natural appearance, complementing both minimalist and intricate nail art designs. 

4. Satin Skin: Moving away from ultra-dewy finishes, a satin, soft-focus complexion is in vogue, emphasizing a natural and healthy glow. 

5. Goddess Glow: Embracing luminous skin, beauty routines are focusing on achieving a radiant and ethereal glow, often through hydrating products and subtle highlighting. 

Style and Clothing

1. Hot Pants: Short shorts are making a bold statement, often styled with tights or oversized tops to balance the look. 

2. Animal Prints: Leopard, zebra, and snake prints are resurging, adding a wild and adventurous flair to both casual and formal wear. 

3. Thong Sandals: Minimalist footwear, particularly thong sandals, are in trend, offering simplicity and elegance for warm-weather outfits. 

4. Asymmetrical Designs: Clothing with uneven hems, one-shoulder tops, and diagonal lines are popular, providing a modern twist to traditional silhouettes.