Khamenei leads prayers as millions of mourners gather for funeral of Raisi, companions

In a sharp retort to US President Donald Trump's reciprocal tariffs charge, the Chinese embassy in the US said Beijing is ready to "fight till the end" in any type of war the US wants. "If war is what the US wants, be it a tariff war, a trade war or any other type of war, we're ready to fight till the end," the Chinese embassy's official handle posted on X after Trump's explosive remarks in a joint session at Congress.

Trump said other countries have used tariffs against the US for decades. "Now it's our turn to start using them against those other countries. On average, the European Union, China, Brazil, India, Mexico and Canada. Have you heard of them? And countless other nations charge us tremendously higher tariffs than we charge them. It's very unfair. India charges us auto tariffs higher than 100%. China's average tariff on our products is twice what we charge them. And South Korea's average tariff is four times higher," he said.

"This is happening by friend and foe. This system is not fair to the United States and never was... That's reciprocal back and forth. Whatever they tax us, we will tax them," he said.

Trump has increased previously imposed 10 per cent levies on Chinese goods to 20 per cent. China has filed a complaint with the World Trade Organization against the US.

"The United States' unilateral tax measures seriously violate WTO rules and undermine the foundation of China-US economic and trade cooperation," Beijing's commerce ministry said in a statement.

While imposing the tariffs, Trump accused China of not doing enough to halt the trafficking of fentanyl and other highly potent opioids into the US.

The Chinese Foreign Ministry has contested this. "The fentanyl issue is a flimsy excuse to raise US tariffs on Chinese imports. The US, not anyone else, is responsible for the #FentanylCrisis inside the US. In the spirit of humanity and goodwill towards the American people, we have taken robust steps to assist the US in dealing with the issue. Instead of recognizing our efforts, the US has sought to smear and shift blame to China, and is seeking to pressure and blackmail China with tariff hikes," it said in a statement.

"They've been PUNISHING us for helping them. This is not going to solve the US's problem and will undermine our counternarcotics dialogue and cooperation. Intimidation does not scare us. Bullying does not work on us. Pressuring, coercion or threats are not the right way of dealing with China. Anyone using maximum pressure on China is picking the wrong guy and miscalculating. If the US truly wants to solve the fentanyl issue, then the right thing to do is to consult with China by treating each other as equals," it added.

Thiruvananthapuram: The Kerala assembly on Monday witnessed heated argument between Chief Minister Pinarayi Vijayan and the opposition Congress-led United Democratic Front over the increasing violence involving youths as well as the drug menace.

The chief minister blamed it on films that celebrate violence, competitiveness among youngsters and lapses in parenting as key reasons for the increasing violent tendency among the youngsters. He also stressed the need to carry out awareness campaigns and said that there would not be any compromise in enforcement.

Congress gave a notice for adjournment motion in the house in the wake of the back to back incidents of violence involving students, the latest being the death of a tenth standard student at Kozhikode the other day following an attack by five other students. Considering the gravity of the scenario, the government allowed a discussion on the matter.

The Chief Minister was agitated over Congress leader Ramesh Chennithala, who presented the notice for the motion, accusing the government of failing to curb the drug menace and also alleged of links of CPM's student outfits Students' Federation of India in brutal violence at campuses. Vijayan was also irked as Chennithala pin pointed the attack on him by repeatedly using 'Mr. chief minister'.

Vijayan said that the increasing criminal tendency among children was a global issue. "As the world becomes very competitive right from studies to jobs, the younger generations are becoming more restless. The competitiveness, which seems to be an outcome of globalization, was also causing enmity in young minds. With parents failing to spend adequate time with children, the children and getting addicted to digital devices," said Vijayan.

He also said that there were police reports that children were even getting attracted to goonda gangs after being influenced by films that celebrate violence. The sensor board needs to look into the matter. Web series and social media were also badly influencing children.

Listing out the number of drug peddling cases nabbed by the police and excise departments in the recent years, Vijayan said that there was no lapse in enforcement.

Opposition leader V D Satheesan extended the opposition's support to the government in fighting the menace.

The number of Indian high-net-worth individuals (HNWIs), those having assets more than $10 million, rose 6 per cent last year to 85,698, according to Knight Frank.

Global property consultant Knight Frank on Wednesday released its 'The Wealth Report 2025', which estimated the HNWI population in India at 85,698 in 2024, as against 80,686 in the preceding year.

The number is expected to rise to 93,753 by 2028, reflecting India's expanding wealth landscape, the consultant said.

The increasing trend of HNIW population highlights the country's strong long-term economic growth, increasing investment opportunities, and evolving luxury market, positioning India as a key player in global wealth creation.

India's billionaire population has also seen a strong year-on-year growth in 2024.

"India is now home to 191 billionaires, of which 26 joined the ranks in just the last year, which was pegged at just 7 in 2019," the consultant said.

The combined wealth of Indian billionaires is estimated at $950 billion, ranking the country third globally, behind the US ($5.7 trillion) and Mainland China ($1.34 trillion).

"India's growing wealth underscores its economic resilience and long-term growth potential. The country is witnessing an unprecedented rise in high-net-worth individuals, driven by entrepreneurial dynamism, global integration, and emerging industries," Shishir Baijal, Chairman & Managing Director, Knight Frank India, said.

This expansion is not just in scale but also in the evolving investment preferences of India's elite, who are diversifying across asset classes, from real estate to global equities, he added.

"In the decade ahead, India's influence in global wealth creation will only strengthen," Baijal said.