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UN seeks China’s role in stabilising global order amid US tariff tensions

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At the Shanghai Cooperation Organisation (SCO) Summit in Tianjin, United Nations Secretary General Antonio Guterres emphasised China’s crucial role in defending multilateralism at a time when global trade and diplomacy are under strain due to the escalating US tariff war.

Guterres, meeting Chinese President Xi Jinping on the sidelines of the summit, he emphasized that the People’s Republic of China serves as a fundamental pillar in maintaining the international order. He stressed that at a time when multilateralism is under pressure, China’s support is an essential factor in maintaining stability. The UN chief also warned of emerging new forms of policy that, in his view, resemble a spectacle rather than genuine diplomatic engagement, where business interests and politics often appear closely intertwined.

Guterres expressed his appreciation, noting that China’s role as a fundamental pillar of the multilateral system is highly significant and acknowledging the UN’s gratitude for its support.

In response, Xi assured that China would continue to be a reliable partner of the United Nations. He emphasized that Beijing would provide stability and certainty while cooperating closely with the UN to uphold global peace and promote development. Xi highlighted that China is committed to deepening its collaboration with the United Nations, supporting its central role in international affairs, and jointly taking on responsibilities to maintain world peace and foster prosperity.

The SCO Summit in Tianjin has brought together key leaders, including Russian President Vladimir Putin, Indian Prime Minister Narendra Modi, and other Asian heads of state, marking a strong demonstration of Global South solidarity.

Modi’s visit is his first to China in more than seven years. He is scheduled to hold bilateral talks with Xi, signalling a possible step toward normalising India-China relations following years of strain.

The summit takes place against the backdrop of mounting global trade tensions, with US President Donald Trump recently imposing a steep 50% tariff on Indian goods from textiles to jewellery worth $248 billion annually. Washington linked the move to India’s continued purchase of Russian crude, which Trump argues is supporting Moscow’s war effort.

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Pakistan hit by 5.5-magnitude earthquake, no casualties or damage reported

A 5.5-magnitude earthquake jolted Pakistan on Friday, with authorities reporting no immediate casualties or significant damage.

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A magnitude 5.5 earthquake struck Pakistan on Friday, sending tremors across several parts of the country. However, authorities said there were no immediate reports of casualties or significant property damage.

According to seismic monitoring agencies, the earthquake was recorded at a considerable depth, which may have reduced the impact on the surface. Residents in several cities reported feeling the tremors, prompting many to move outdoors as a precaution.

Emergency and disaster management authorities began assessing the situation soon after the quake. Initial assessments indicated that no major damage to infrastructure or loss of life had been reported. Officials continue to monitor the situation for possible aftershocks.

Pakistan lies in a seismically active region due to the interaction of the Indian and Eurasian tectonic plates, making earthquakes a frequent occurrence in several parts of the country.

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Twin earthquakes strike Venezuela within 39 seconds, triggering panic in Caracas

Venezuela witnessed two powerful earthquakes within 39 seconds, triggering panic in Caracas, damaging infrastructure and leading authorities to declare a state of emergency.

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Two powerful earthquakes struck Venezuela within just 39 seconds, causing widespread panic, damaging buildings and disrupting key infrastructure in and around the capital, Caracas.

According to the United States Geological Survey (USGS), the first earthquake measured magnitude 7.2 and struck on Wednesday evening near the coastal town of Moron. Just 39 seconds later, a stronger 7.5-magnitude tremor hit roughly 45 kilometres away, creating what seismologists described as a “doublet” earthquake sequence.

The back-to-back quakes sent residents rushing into the streets as buildings shook violently across Caracas. Several structures suffered severe damage, with reports of building collapses in parts of the capital. Rescue workers were deployed to search through rubble while emergency teams assessed the extent of the destruction.

Visuals shared on social media showed scenes of chaos at Simon Bolivar International Airport, where parts of the terminal roof reportedly collapsed, filling sections of the facility with dust and smoke. Passengers were seen evacuating the airport as power flickered during the tremors. Authorities later announced the closure of the airport because of significant damage.

More than 20 aftershocks were recorded following the twin earthquakes, raising concerns about additional structural damage. The USGS warned that the disaster could result in significant casualties and economic losses, while landslides were also reported in affected areas.

Venezuela’s interim president Delcy Rodriguez declared a state of emergency following the earthquakes and urged citizens to remain cautious as emergency response efforts continued. Opposition leader Maria Corina Machado also expressed solidarity with those affected by the disaster.

The earthquakes are being described as among the strongest to strike Venezuela in more than a century. Authorities continue to assess the full scale of the damage and search for possible victims trapped beneath collapsed structures.

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London court orders Nirav Modi to pay Bank of India over $11.5 million in loan guarantee case

A London court has ruled that fugitive businessman Nirav Modi must pay Bank of India more than $11.5 million, including interest, in a loan guarantee dispute.

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Fugitive diamond merchant Nirav Modi has been ordered by a London court to pay Bank of India more than $11.5 million, including accrued interest, in connection with a personal guarantee linked to a loan extended to one of his Dubai-based firms.

In a significant ruling delivered by the London Circuit Commercial Court, Justice Simon Tinkler held that Modi remained liable under the personal guarantee issued for a loan granted to Firestar Diamond FZE, a Dubai-incorporated company associated with him. The court rejected Modi’s challenge to the enforceability of the guarantee.

The court examined whether Modi had been properly served with a demand notice, whether the demand related to a liability owed to the bank, and whether the personal guarantee was legally enforceable. Justice Tinkler ruled in favour of Bank of India on all three issues.

According to the judgment, Modi is liable for the principal outstanding amount of $4.1 million. After adding accumulated interest, the total payable amount has risen to an estimated $11.5 million as of March 2026, with additional interest continuing to accrue.

The public sector lender has been pursuing recovery proceedings against Modi since 2018, following the emergence of allegations involving companies linked to the businessman. Modi, who has largely represented himself in the proceedings, is currently lodged in a UK prison while contesting his extradition to India in a separate Punjab National Bank fraud and money laundering case.

Law firm Fladgate LLP, representing Bank of India, clarified after the verdict that the proceedings were strictly related to a commercial banking recovery claim and did not deal with the wider allegations connected to the Punjab National Bank fraud case.

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