Global stock markets remained mixed today as investors weighed fresh U.S. inflation data, corporate earnings reports, and the ongoing economic uncertainty in China and Europe. The U.S. stock market opened slightly higher on Monday morning, with the Dow Jones Industrial Average rising 0.4%, the S&P 500 climbing 0.3%, and the Nasdaq Composite gaining 0.5% in early trading. Investors responded positively to June's U.S. Consumer Price Index (CPI) report, which showed inflation cooling slightly to an annual rate of 3.0%, down from 3.3% in May."Markets are optimistic that the Federal Reserve may pause or even cut interest rates by the fall," said Lisa Raymond, chief analyst at Morgan & Co. "But it's still a wait-and-see situation, especially with more earnings coming this week."   Wall Street Opens Higher Dow +0.4%, S&P 500 +0.3%, Nasdaq +0.5% on Monday morning. Boosted by June CPI showing inflation cooled to 3.0% (down from 3.3%). Hopes rise for potential Fed rate cut or pause by fall. The U.S. stock market opened slightly higher on Monday morning, with the Dow Jones Industrial Average rising 0.4%, the S&P 500 climbing 0.3%, and the Nasdaq Composite gaining 0.5% in early trading. Investors responded positively to June's U.S. Consumer Price Index (CPI) report, which showed inflation cooling slightly to an annual rate of 3.0%, down from 3.3% in May. "Markets are optimistic that the Federal Reserve may pause or even cut interest rates by the fall," said Lisa Raymond, chief analyst at Morgan & Co. "But it's still a wait-and-see situation, especially with more earnings coming this week."   Tech Leads the Way Technology stocks led the gains in the U.S., with Apple (AAPL) up 1.8% and Nvidia (NVDA) jumping 2.4%, as demand for AI and semiconductors remains strong. Tesla (TSLA) also rebounded, rising 3.1% after announcing better-than-expected Q2 vehicle deliveries. Global stock markets showed a mixed performance as investors weighed persistent inflation concerns against a wave of corporate earnings reports. While strong results from major tech companies helped lift some indexes, uncertainty surrounding central bank policies and the future path of interest rates kept others in check. In the U.S.,   Europe Struggles on Growth Concerns   Meanwhile, European markets showed little movement, with the FTSE 100 in London flat and Germany’s DAX down 0.2%. Investors remain concerned about weak industrial output and rising energy costs across the Eurozone.“The European economy is showing signs of fatigue,” said Carla Dupont, economist at BNP Paribas. “High borrowing costs and geopolitical tensions are dragging down business activity.”Global stock markets showed a mixed performance as investors weighed persistent inflation concerns against a wave of corporate earnings reports. While strong results from major tech companies helped lift some indexes, uncertainty surrounding central bank policies and the future path of interest rates kept others in check. In the U.S., Market Performance Summary Table Region Index/Company Movement (%) Key Driver USA Dow Jones +0.4% Positive CPI report (3.0% inflation)   S&P 500 +0.3% Rate cut optimism   Nasdaq +0.5% Tech stock gains   Apple (AAPL) +1.8% Strong AI demand   Nvidia (NVDA) +2.4% Semiconductor growth   Tesla (TSLA) +3.1% Strong Q2 deliveries Europe FTSE 100 (UK) 0.0% Flat due to economic uncertainty   DAX (Germany) -0.2% Weak industrial output, high energy costs Asia Nikkei 225 (Japan) +0.6% Strong export performance   Shanghai Composite -1.2% Property sector risks, low consumer spending   Asia Mixed as Chinese Markets Slump   In Asia, markets showed mixed results. Japan’s Nikkei 225 gained 0.6%, supported by strong export data. However, Chinese markets fell sharply, with the Shanghai Composite down 1.2%, as fears about the country’s property sector and sluggish consumer spending persisted. Gains in consumer and tech sectors pushed markets higher, but weaker-than-expected bank earnings and inflation-related jitters limited broader momentum. European markets edged lower as traders grew cautious about global trade tensions and slowing growth indicators, while Asian markets saw mixed results, with Hong Kong posting modest gains and Tokyo slipping slightly. Overall, market sentiment remains cautious as investors await further economic data and guidance from central banks.   Looking Ahead   Investors are now turning their focus to key corporate earnings this week from major banks like JPMorgan Chase, Goldman Sachs, and Citigroup, as well as tech giants like Netflix and Microsoft. The results are expected to provide a clearer picture of business resilience amid high interest rates and uncertain global demand. Overall, market sentiment remains cautious as investors await further economic data and guidance from central banks.

The U.S. Supreme Court issued a landmark ruling on Monday, declaring that former presidents are entitled to partial immunity from criminal prosecution for actions taken while in office. The 6-3 decision, split along ideological lines, has triggered intense political and legal debate across the country.The ruling stems from charges brought against former President Donald Trump, who has faced multiple indictments related to alleged interference in the 2020 presidential election and events surrounding the January 6 Capitol riot. The Court’s decision now makes it more difficult for prosecutors to pursue charges for actions deemed as part of a president's official duties.     Divided Reactions   President Joe Biden responded to the ruling by calling it a “dangerous precedent” that could place future presidents above the law. “No one in America should be beyond accountability,” he said during a press conference.Republican leaders, however, welcomed the decision. House Speaker Steve Scalise stated, “This ruling upholds the constitutional separation of powers and protects the office of the presidency from political attacks.”The recent Supreme Court ruling on presidential immunity has ignited intense debate across the United States, with sharp divisions emerging among legal experts, lawmakers, and the public. The decision, which sets new boundaries on the legal protections afforded to sitting presidents, has far-reaching implications for the balance of power and accountability in government. Supporters argue that the ruling upholds the integrity of the executive office by protecting it from politically motivated prosecutions, while critics warn that it could open the door to unchecked presidential authority.   What the Ruling Means   The Court ruled that while presidents do not have absolute immunity, they are shielded from criminal prosecution for actions that are “within the outer perimeter of official presidential responsibilities.” However, personal or unofficial actions remain subject to prosecution.Legal experts say the ruling could delay several of Trump’s ongoing legal cases, potentially impacting the 2024 election season, where Trump remains the leading Republican contender. As protests, press conferences, and panel discussions erupt nationwide, the ruling is expected to influence upcoming elections and reshape the legal landscape surrounding executive power for years to come.   Public Response   The recent Supreme Court ruling on presidential immunity has ignited intense debate across the United States, with sharp divisions emerging among legal experts, lawmakers, and the public. The decision, which sets new boundaries on the legal protections afforded to sitting presidents, has far-reaching implications for the balance of power and accountability in government. Supporters argue that the ruling upholds the integrity of the executive office by protecting it from politically motivated prosecutions, while critics warn that it could open the door to unchecked presidential authority. As protests, press conferences, and panel discussions erupt nationwide, the ruling is expected to influence upcoming elections and reshape the legal landscape surrounding executive power for years to come.

Iran and Israel traded further air attacks on Thursday as President Donald Trump kept the world guessing about whether the United States would join Israel's bombardment of Iranian nuclear facilities. Google News LinkFor all latest news, follow The Daily Star's Google News channel. A week of Israeli air and missile strikes against its major rival has wiped out the top echelon of Iran's military command, damaged its nuclear capabilities and killed hundreds of people, while Iranian retaliatory strikes have killed two dozen civilians in Israel. Iran and Israel traded further air attacks on Thursday as President Donald Trump kept the world guessing about whether the United States would join Israel's bombardment of Iranian nuclear facilities.   Guardian council warns US of 'harsh response A key Iranian body warned the United States on Thursday that any intervention in support of its ally Israel would be met with a "harsh response". "The criminal American government and its stupid president must know for sure that if they make a mistake and take action against Islamic Iran, they will face a harsh response from the Islamic Republic of Iran," the Guardian Council said in a statement carried by state television.  Google News LinkFor all latest news, follow The Daily Star's Google News channel. A week of Israeli air and missile strikes against its major rival has wiped out the top echelon of Iran's military command, damaged its nuclear capabilities and killed hundreds of people, while Iranian retaliatory strikes have killed two dozen civilians in Israel.   Guardian council warns US of 'harsh response' if it intervenes. A key Iranian body warned the United States on Thursday that any intervention in support of its ally Israel would be met with a "harsh response". "The criminal American government and its stupid president must know for sure that if they make a mistake and take action against Islamic Iran, they will face a harsh response from the Islamic Republic of Iran," the Guardian Council said in a statement carried by state television.

As soon as he hears the news of someone's death, he rushes to the graveyard on horseback with his required tools. Like a special companion on the final journey of a person, the 67-year-old extends his sincere hands. In a heartbreaking twist of fate, the faithful companion of gravedigger Manu Mia was killed yesterday, while Manu himself remains hospitalised, battling for his life.   The 65-year-old Manu Mia, a familiar figure in the community for over four decades, has long been known for his humble service digging graves and transporting bodies in his modest wooden cart, drawn by his beloved horse, Shonar Pakhi. Residents say the bond between Manu and the gentle brown mare was unlike any they had seen—a relationship forged through hardship, routine, and deep affection. Manu was admitted to the hospital last week following complications from a respiratory illness. “He kept asking about the horse even from the hospital bed,” said his nephew, Rafique Mia. “He didn’t want her left alone.” Tragedy struck yesterday morning when Shonar Pakhi was struck and fatally injured by a speeding motorbike near the village graveyard. Witnesses said the horse had broken loose from her makeshift rope tether and was calmly walking toward the graveyard entrance, perhaps out of instinct.   “She was not just a horse; she was family,” said Rahima Begum, a long-time neighbour. “That animal had pulled hundreds of funeral carts, always steady, always calm. To see her die like this, without her owner even knowing yet—it’s just too much.” The rider of the motorbike fled the scene, and police say they are investigating the hit-and-run incident. So far, no arrests have been made. News of the horse’s death has not yet been shared with Manu, who remains in critical but stable condition. Family members are struggling with how to break the devastating news.   Locals have expressed shock and sorrow, with many calling for better enforcement of road safety rules in the area. A small vigil was held near the graveyard last night, where residents lit candles and shared memories of the old gravedigger and his loyal horse. “Manu Mia’s work was never glamorous, but he did it with dignity,” said Abdul Karim, a community elder. “Now, while he fights for his life, he has lost the only creature who stood by him through every sorrowful journey. It’s a tragic chapter in a quiet man’s life.”

Dhaka, July 1, 2025 — In a major political development, Prime Minister Sheikh Amin announced a cabinet reshuffle today, appointing five new ministers and reassigning key portfolios in what officials say is a move to accelerate ongoing economic reforms. The Finance Ministry will now be led by veteran economist Dr. Rezaul Karim, while the Ministry of Commerce goes to rising political figure Nasima Haque, marking a notable generational shift in leadership. The reshuffle comes amid public pressure for stronger governance, job creation, and inflation control. Opposition parties have criticized the move, calling it "cosmetic," while analysts suggest it signals a strategic repositioning ahead of the 2026 general elections. The Prime Minister emphasized that the changes aim to "prioritize accountability, efficiency, and public service delivery." Cabinet members are expected to take oath at the Presidential Palace tomorrow morning.