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By EquityPandit

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Amazon CEO Bezos Donates $100 Mn to Obama Foundation

Jeff Bezos donated $100 million to the Obama Foundation. The donation was in honour of the late Congressman John Lewis, which will “help increase the range of programming that reaches emerging leaders in the United States and around the world,” a spokesperson said in a statement.


Amazon founder Jeff Bezos donated almost $600 million this year. Days before finishing an 11-minute flight into space through Blue Origin, Bezos declared a $200 million donation to the Smithsonian National Air and Space Museum. Bezos has also announced a donation to fight family homelessness by his $2 billion Day One Fund promise, with $96 million going to 32 organisations. He is also planning a $10 billion Earth Fund to fight climate change.

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South Korea Lowers Growth Forecast, Cuts Interest Rates

Dhruva Kulkarni

South Korea’s central bank cut interest rates. It lowered its growth forecast on Tuesday to support the economy amid US tariff concerns and the impact of last year’s martial law declaration by President Yoon Suk Yeol.

A Bank of Korea official told AFP that GDP growth in 2025 is now projected at 1.5%, down from 1.9%, while the benchmark interest rate has been reduced from 3.00% to 2.75%.

The country’s economic growth slowed in late 2024 as Yoon’s martial law move weakened consumer confidence and domestic demand.

Meanwhile, concerns are growing over US President Donald Trump’s trade policies, including 25% tariffs on steel and aluminium imports, which impact South Korea, the fourth-largest steel exporter to the US last year.

Trump has warned of potential 25% or higher tariffs on automobiles, semiconductors, and pharmaceuticals, threatening South Korea’s chipmaking giants, Samsung and SK Hynix.

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Zelenskyy Open to Stepping Down for Peace in Ukraine

Dhruva Kulkarni

Ukraine’s President Volodymyr Zelenskyy said he is open to stepping down if it guarantees peace, suggesting he could trade his exit for Ukraine’s NATO membership.

U.S. President Donald Trump has called Zelenskyy a “dictator,” pointing out that his official term ends in 2024. 

Trump has also pushed for elections in Ukraine, but Zelenskyy opposes holding them during wartime, a stance supported by his major political opponents.

Zelenskyy emphasised that he wants Trump to be a true partner to Ukraine rather than just a mediator between Kyiv and Moscow.

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Japan’s Inflation Rises, Strengthening BoJ’s Rate Hike Outlook

Dhruva Kulkarni

Japan’s inflation surged past expectations in January, rising 3.2%—the highest since June 2023—driven by soaring food prices, including a record 70.9% jump in rice costs, reinforcing the Bank of Japan’s rate hike path.

Overall inflation accelerated to 4%, the first time in two years, as fresh food prices climbed at the fastest pace in two decades, with vegetable prices soaring.

Japan now has the highest inflation among G7 nations, reinforcing expectations that the Bank of Japan will continue raising interest rates.

The BOJ hiked its policy rate to 0.5% last month, its highest level since the global financial crisis, with traders speculating on another increase this year.

Inflation remains a major concern for Prime Minister Shigeru Ishiba’s government ahead of the national election by July, as household burdens rise.

With real wages growing just 0.5%, consumer spending remains weak, making upcoming wage negotiations in March crucial for sustaining economic growth.

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Australia Starts Euthanising False Killer Whales After Mass Stranding

Dhruva Kulkarni

Dozens of false killer whales stranded on a remote Tasmanian beach will be euthanised after rescue efforts were hindered by bad weather and the challenging location, Australian authorities said on Thursday.

More than 150 endangered false killer whales were found stranded this week on Tasmania’s northwest coast near Arthur River, about 400 km from Hobart.

Brendon Clark from Tasmania Parks and Wildlife Service said rescue efforts on Wednesday were extremely difficult and even dangerous due to harsh conditions.

On Thursday morning, 27 stranded whales were euthanised, while 38 were still alive. The euthanasia process is expected to conclude later in the day.

Officials noted that the response is complex due to the remote location, tough ocean conditions, and challenges in transporting specialist equipment.

False killer whales can grow up to 20 feet long and weigh 3,000 lbs. They are typically found in deep offshore waters across tropical and subtropical oceans.

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Japan’s Exports Climb Ahead of Potential Trump Tariffs

Dhruva Kulkarni

Japan’s exports surged in January as businesses rushed orders ahead of impending US protectionist measures under President Donald Trump.

Exports rose 7.2%, driven by car and ship shipments, though slightly below the expected 7.7% growth. Imports jumped 16.7%, led by communication machinery and computers, pushing the trade deficit to ¥2.76 trillion ($18.2 billion), the largest in two years.

Shipments to the US climbed 8.1%, while exports to China dropped 6.2% due to Lunar New Year disruptions. Exports to Europe saw a sharper decline of 15.1%.

Trump plans to impose 25% tariffs on automobiles, semiconductors, and pharmaceuticals, with an announcement expected by 2nd April. Japan is seeking exemptions from steel, aluminium, and other tariffs while assessing further trade risks.

Despite efforts to mitigate the impact, Japan’s trade surplus with the US stands at ¥477 billion, with auto exports surging 21.8%, keeping it in Trump’s tariff crosshairs.

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