The US Supreme Court has struck down President Donald Trump’s sweeping global tariffs. In a 6-3 decision, the court ruled that the International Emergency Economic Powers Act (IEEPA) did not grant the president the authority to impose these tariffs, which had been enacted last year. This ruling significantly impacts Trump’s economic policy, as tariffs were a key tool he used. The decision leaves unresolved the question of what will happen to the $133 billion already collected from these tariffs, with companies now seeking refunds. The process for issuing these refunds is expected to be complex and could take time to hash out.
In other news, tech giants are committing billions to artificial intelligence development in India, with Alphabet, Amazon, Microsoft, and Meta pledging significant investments at the India AI Impact Summit in New Delhi. This surge in investment aims to position India as an AI superpower.
In sports, Alex Ferreira of the U.S. won a gold medal in the men’s halfpipe at the Winter Olympics 2026, completing his collection of Olympic medals. The Winter Games continue with medal events in hockey, curling, and bobsled.
In Pakistan, gold and silver prices have surged to new highs, with gold per tola increasing by Rs7,100 to Rs533,562. This rise is attributed to gains in the international bullion market, influenced by weaker-than-expected US economic data and geopolitical tensions. Additionally, Pakistan has warned that a UN liquidity crisis is threatening the effectiveness of global peacekeeping operations.
In entertainment, reports suggest a potential run-in between Taylor Swift and her ex-boyfriend Harry Styles at the 2026 Brit Awards, as both are rumored to be attending.
Technology news includes Tesla halting production of Model S and Model X to repurpose assembly lines for humanoid robots, as announced by Elon Musk. Microsoft’s gaming chief, Phil Spencer, is also set to retire, with Asha Sharma named as his successor.
