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California declares state of emergency as wildfires devastate Los Angeles, retired firefighters called in

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Wildfire burning in Los Angeles, California, with smoke and flames spreading across the Pacific Palisades area.

California is grappling with a massive wildfire emergency, as fires continue to rage across Los Angeles and surrounding areas, claiming at least five lives and leaving tens of thousands displaced. A state of emergency has been declared, with the federal government stepping in to assist local authorities in managing the crisis. Retired firefighters with extensive firefighting experience have been called back to duty as part of the emergency response.

Over 70,000 people in Los Angeles and nearby regions have been forced to evacuate as multiple wildfires, fueled by high winds and extreme conditions, remain largely uncontrollable. The fires, which broke out in various parts of the city, have already destroyed more than 1,000 buildings, leaving a heavy blanket of smoke over the area. Among the hardest-hit neighborhoods is the upscale Pacific Palisades, home to many Hollywood celebrities, where flames consumed luxury homes at an alarming rate.

Struggle to contain the fires amidst strong winds

Firefighters are facing immense challenges as hurricane-force winds spread the flames across vast stretches of land. The fireball-like embers, driven by gusty winds, have ignited spot fires far faster than firefighters can contain them. The fire in Pacific Palisades alone has scorched approximately 16,000 acres, taking with it hundreds of homes. Another major fire burning in Altadena, north of the city, has ravaged suburban streets, consuming over 10,000 acres.

Los Angeles County Fire Chief Anthony Marrone admitted that local firefighting resources are overwhelmed by the magnitude of the disaster. “We’re doing the very best we can. But no, we don’t have enough fire personnel in LA County between all the departments to handle this,” Marrone said.

The death toll has risen to five, with authorities fearing the discovery of more victims as the situation remains fluid and the fires continue to spread uncontrollably. Los Angeles County Sheriff Robert Luna confirmed the grim update and expressed concerns that the number of casualties could increase as more areas are searched.

Water shortage threatens firefighting efforts

As the fires ravage vast sections of Los Angeles, a significant shortage of water is complicating firefighting efforts. Hydrants in affected areas have been drying up, particularly in Pacific Palisades, exacerbating the challenge for firefighters. Janisse Quinones, CEO of the Los Angeles Department of Water and Power, urged residents to conserve water as the city’s water supply is stretched thin. “We’re fighting a wildfire with urban water systems, and that is really challenging,” Quinones explained.

Hollywood forced to pause as fires spread

The entertainment capital of the world has come to a standstill as wildfires threaten the very heart of Hollywood. Several high-profile events, including a major awards ceremony and a film premiere for Pamela Anderson, were cancelled as celebrities, actors, and musicians joined the thousands of residents fleeing the flames. In the Pacific Palisades area, multimillion-dollar homes, often owned by Hollywood elite, have been destroyed, leaving residents in shock.

Among those affected was singer and actress Mandy Moore, who shared on Instagram that she had to flee with her children and pets as the blaze devastated her neighborhood in Altadena. Moore expressed her devastation, writing, “I am devastated and gutted for those of us who’ve lost so much. I’m absolutely numb.”

Actor James Woods also took to social media, posting a video of flames threatening his Pacific Palisades home and recounting his frantic evacuation. “I couldn’t believe our lovely little home in the hills held on this long. It feels like losing a loved one,” Woods wrote.

Star Wars actor Mark Hamill and Oscar-winning actress Jamie Lee Curtis were also forced to evacuate their homes, with Hamill sharing on Instagram how he narrowly escaped the flames near his Malibu residence. Curtis, meanwhile, expressed relief that her home was safe, but lamented the destruction of the neighborhood.

Community faces challenges amid wildfire devastation

As the wildfires continue to rage, local authorities and emergency responders are working tirelessly to control the situation, with President Joe Biden visiting Los Angeles to assess the damage and offer federal assistance. Governor Gavin Newsom and Biden both expressed their commitment to providing all available resources to combat the wildfires.

In the entertainment industry, the upcoming Oscar nominations were delayed until January 19 to accommodate those impacted by the fires, ensuring affected members of the Academy have time to submit their ballots.

With no sign of containment in the immediate future, the residents of Los Angeles and surrounding areas remain on edge, as emergency crews continue their fight against the devastating fires.

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India considers tax relief to attract foreign investors amid Iran war impact

India is evaluating tax incentives, including a possible capital gains tax exemption on government securities for foreign investors, to support capital inflows amid economic pressures linked to the Iran war.

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India is considering a set of measures aimed at attracting more foreign investment as the ongoing Iran war continues to create pressure on the country’s economy, according to reports citing government sources. One of the key proposals under discussion is the removal of capital gains tax on investments made by foreign portfolio investors (FPIs) in government securities.

The move comes at a time when geopolitical tensions in West Asia have pushed up global oil prices, weakened investor sentiment and increased pressure on the Indian rupee. India, which imports a significant share of its crude oil requirements, has been among the countries closely monitoring the economic fallout from the conflict.

Government exploring ways to boost capital inflows

Officials are reportedly evaluating tax-related incentives to make Indian debt markets more attractive to overseas investors. The proposed exemption on capital gains from government securities is aimed at encouraging foreign portfolio investment and supporting capital inflows during a period of heightened global uncertainty.

The government is seeking to counter the impact of foreign capital outflows that have intensified amid concerns over the Iran conflict and its implications for energy markets and global economic growth.

Rupee and markets under pressure

Recent weeks have seen increased volatility in financial markets, with foreign investors pulling money out of Indian equities. Analysts have linked part of the pressure on the rupee to rising oil prices and continued overseas investor withdrawals.

Market participants believe that measures aimed at attracting foreign investment into government securities could help improve investor confidence and provide support to the domestic currency.

Broader economic concerns

The Iran war has added to concerns about inflation, economic growth and India’s external sector. Higher energy prices can increase import costs and put pressure on inflation, while sustained foreign capital outflows may affect financial market stability.

While no final decision has been announced, discussions on easing tax rules for foreign investors reflect the government’s efforts to strengthen capital inflows and cushion the economy from external shocks.

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US proposes new tariffs on India over forced labour concerns amid trade negotiations

The United States has proposed additional tariffs on imports from India and 59 other economies following a Section 301 investigation into forced labour-related trade concerns.

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Donald Trump statement

The United States has proposed imposing additional tariffs on imports from India and 59 other economies after concluding that these countries have not taken sufficient steps to prevent the importation of goods allegedly linked to forced labour. The proposal was announced by the Office of the US Trade Representative (USTR) as part of an investigation conducted under Section 301 of the US Trade Act.

According to the USTR’s findings, India could face an additional tariff of 12.5% on goods exported to the United States. The proposed measure is part of a broader plan targeting 60 economies, with tariff rates ranging between 10% and 12.5% depending on the findings related to each country.

India among countries facing higher tariff proposal

The USTR said India had not effectively enforced restrictions on imports made using forced labour, describing the issue as a burden on US commerce. The agency argued that inadequate enforcement by major trading partners creates unfair competition for American workers and businesses.

While countries including Canada, Mexico, the European Union and the United Kingdom are proposed to face a 10% tariff, India is among a larger group of economies that could be subjected to a 12.5% duty under the recommendation.

Proposal comes during India-US trade discussions

The tariff proposal has emerged while Indian and US officials are engaged in trade negotiations aimed at strengthening economic ties between the two countries. A US delegation led by Assistant USTR Brendan Lynch is currently holding discussions with Indian officials in New Delhi.

India’s Commerce Ministry has indicated that discussions with the United States on the matter are continuing and noted that the proposed tariffs have not yet been finalised. The USTR has invited public comments on the proposal until July 6, with a public hearing scheduled for July 7 before any final decision is taken.

Certain products may remain exempt

The proposed tariffs include exemptions for several categories of goods, including some energy products, pharmaceuticals, rare earth materials and selected agricultural commodities. Additional details regarding sector-specific measures, including proposed textile-related actions, are expected to be released separately.

The latest move follows a Section 301 investigation launched earlier this year into forced labour concerns across global supply chains. Any final decision on imposing the tariffs will be made after the consultation process is completed.

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Trump reportedly rebukes Netanyahu over Lebanon strikes amid ceasefire concerns

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US President Donald Trump reportedly delivered a sharp rebuke to Israeli Prime Minister Benjamin Netanyahu during a phone call over Israel’s military actions in Lebanon, as concerns grow that renewed hostilities could jeopardise fragile diplomatic efforts in the region.

According to multiple reports, Trump expressed frustration over Israeli strikes linked to ongoing tensions with Hezbollah in Lebanon. The reported exchange came at a sensitive time, with Washington attempting to prevent further escalation while also pursuing broader diplomatic discussions involving Iran.

Reports point to unusually tense exchange

Sources cited in international reports said Trump used unusually strong language during the conversation, warning that continued military actions risked damaging efforts to stabilise the situation. One report claimed Trump told Netanyahu that his actions were hurting Israel’s international standing and complicating diplomatic initiatives.

The reported disagreement followed Israeli operations against Hezbollah-linked targets in Lebanon. While Israeli officials argued that the actions were a response to security threats and ceasefire violations, the US administration has been pushing for restraint to avoid a wider regional conflict.

Lebanon fighting threatens broader diplomatic efforts

The latest tensions come amid efforts to maintain a ceasefire framework between Israel and Hezbollah. US officials have been involved in discussions aimed at reducing hostilities and preventing attacks on major Lebanese population centres, including Beirut.

Reports indicate that Trump personally intervened to discourage further escalation and support negotiations intended to preserve regional stability. Hezbollah has reportedly signalled a willingness to consider a broader ceasefire arrangement if reciprocal commitments are made.

Differing public messages after the call

Despite reports of a heated conversation, Trump later suggested publicly that discussions had been constructive and that progress had been made toward reducing tensions. Netanyahu, however, maintained that Israel would continue to respond to security threats and would not alter its overall approach toward Hezbollah if attacks persisted.

The developments highlight growing challenges facing diplomatic efforts in the Middle East, where the conflicts involving Israel, Lebanon and Iran remain closely interconnected. Analysts say any major escalation in Lebanon could further complicate ongoing negotiations and increase instability across the region.

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