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馃搮February 3, 2026 at 1:00 PM
Trump slashes India tariffs after Modi halts Russian oil buys; SpaceX merges with xAI at $1.25T; Iran nuclear talks loom; global markets rebound amid key deals.
1

Trump and Modi Strike Trade Deal Slashing India Tariffs to 18%

US President Trump announced a trade agreement with India's PM Modi, reducing tariffs to 18% after India agreed to stop purchasing Russian oil. This deal boosts US-India relations and impacts global energy markets.Source 1 Asian stocks and metals rebounded following the announcement.Source 1 Former US Ambassador Kenneth Juster hailed it as great news for bilateral ties.Source 1

2

Elon Musk Merges SpaceX with xAI at $1.25 Trillion Valuation

SpaceX is combining with xAI in a major move toward a mega IPO, valuing the entity at $1.25 trillion. This merger aims to integrate AI capabilities with space exploration efforts.Source 1 The announcement contributed to positive momentum in tech and space sectors.Source 1

3

Trump Initiates Talks for New Iran Nuclear Deal

President Trump revealed the US is in direct talks with Iran over a new nuclear agreement, warning of consequences if no deal is reached. Discussions involve aid officials in Turkey amid amassed US military presence in the region.Source 1 This development ramps up geopolitical tensions.Source 1

4

Gold Prices Claw Back After Rally Unwinding

Gold rebounded overnight, recovering some ground lost due to dramatic unwinding of its recent rally amid falling bond prices and geopolitical premiums.Source 1 The bounce aligns with broader market rebounds in Asia.Source 1

5

South Korea Inflation Slows Amid FX Volatility Concerns

South Korea's inflation rate eased even as foreign exchange volatility raised concerns among economists.Source 1 This break from regional trends highlights unique pressures in the Korean economy.Source 1

6

RBA Poised for Rate Hike U-Turn Against Global Trend

Australia's Reserve Bank is set to reverse course with a rate hike, diverging from the global easing trend.Source 1 This decision reflects domestic inflationary pressures.Source 1

7

Trump Threatens to Sue Trevor Noah Over Epstein Joke at Grammys

President Trump warned of legal action against comedian Trevor Noah for an Epstein-related joke during the 2026 Grammy Awards.Source 4 The remark sparked backlash amid ongoing Epstein-related headlines.Source 3Source 4

8

Peter Mandelson Resigns from UK Labour Over Epstein Ties

Former UK politician Peter Mandelson stepped down from the Labour Party following revelations of close ties to Jeffrey Epstein, including calling him his 'best pal'.Source 4 This adds to a series of Epstein-linked scandals.Source 3Source 4

9

Three Junior Hockey Players Killed in Collision South of Calgary

A tragic crash south of Calgary claimed the lives of three junior hockey players, prompting national mourning in Canada.Source 4 Investigations into the collision are underway.Source 4

10

Bad Bunny Wins Grammy Album of the Year with Spanish-Language Record

Bad Bunny's 'Deb铆 Tirar M谩s Fotos' became the first all-Spanish-language album to win Album of the Year at the 2026 Grammys.Source 4 Kendrick Lamar also made history during the ceremony.Source 4

11

Death Toll Rises in Iran Protests Against Regime Forces

The fatalities from Iran protests continue to mount as families discover loved ones killed by security forces.Source 4 This escalates ongoing unrest in the country.Source 4

12

Son of Norway鈥檚 Crown Princess Arrested Ahead of Rape Trial

The son of Norway's crown princess faces trial on rape and other charges after his recent arrest.Source 4 The case draws significant royal and public attention.Source 4