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Stellantis stock off 43% as Jeep maker turns five, executes turnaround

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Stellantis stock off 43% as Jeep maker turns five, executes turnaround

Stellantis North America COO and Jeep CEO Antonio Filosa speaks during the Stellantis press conference at the Automobility LA 2024 car show at Los Angeles Convention Center in Los Angeles, California, November 21, 2024.

Etienne Laurent | AFP | Getty Images

DETROIT — Five years after the transatlantic automaker Stellantis was formed through a merger, the business hasn’t necessarily panned out as investors hoped.

U.S. shares of the company — created through a $52 billion combination of Italian American automaker Fiat Chrysler and France-based Groupe PSA on Jan. 16, 2021 — are down roughly 43% in the past five years. Italian-listed shares also are off roughly 40%.

Since the combined company’s stock debuted on the New York Stock Exchange on Jan. 19, 2021, days after the merger was completed, shares of the automaker were largely in the black — up as high as 74% in March 2024 — until Stellantis reported troubling financial results that year amid cost-cutting efforts meant to support higher profits and its multibillion-dollar push into electric vehicles.

Many of those plans are being altered or eliminated under new Stellantis CEO Antonio Filosa, who succeeded Carlos Tavares last summer. Tavares, a longtime automotive executive, was largely credited with forming the company, but abruptly left Stellantis in December 2024.

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Stellantis shares listed in the U.S. and Italy.

Filosa is executing a sales turnaround plan for the automaker and is particularly focused on its Jeep and Ram brands regaining U.S. market share following yearslong sales declines.

“The strategy that we have in front of us is a strong one and will lead us to growth if we execute well,” he told reporters Wednesday during the Detroit Auto Show. “So, I believe it’s a year of execution.”

Filosa did not rule out the possibility of regionally refocusing or shrinking the company’s vast portfolio of brands that also includes Italian nameplates Fiat and Alfa Romeo, which have not performed well domestically.

He said he believes the company should “stay together” following some speculation, including from Tavares, that it would be better to sell off assets or brands.

Filosa said the next step in the company’s plans will come during a meeting this month with more than 200 company executives that will focus on an upcoming capital markets day as well as company culture and 2026 execution.

PSA CEO Carlos Tavares and FCA CEO Mike Manley shake hands after signing a combination agreement that will lead to the creation of the world’s fourth-largest global automaker in terms of annual sales (8.7 million vehicles).

FCA

Investors have been eager to hear a new strategy for Stellantis after Tavares’ exit. He left amid troubling sales and financial results as the company strived to achieve 10% or greater profit margins and doubling net revenues under his “Dare Forward 2030” business plan.

U.S. shares of Stellantis since Filosa began as CEO on June 23 are up 2%. They closed Friday at $9.60 per share, down 4.2%.

Filosa this week declined to discuss the company’s past mistakes, but company executives previously told CNBC that Tavares’ fixation on cost reductions and profits hurt business, as well as the company’s products, employees and relationships with suppliers, unions and dealers.

Filosa has spent much of his time attempting to repair those bonds, especially with the company’s distraught U.S. franchised retailers. He’s also approved drastic changes to the company’s product plans, including reducing prices and reprioritizing products away from electrified vehicles.

“In the six months, I see the changes that we will make we need to make to create the bright future that we need,” he said regarding his tenure thus far as CEO.

Portland DA cracks down on drug crimes as Seattle pulls back on enforcement

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Portland DA cracks down on drug crimes as Seattle pulls back on enforcement

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As Seattle backs away from prosecuting drug possession, Portland’s top prosecutor is moving in the opposite direction, announcing a crackdown aimed at offenders who refuse treatment after arrest.

Multnomah County District Attorney Nathan Vasquez announced his office will begin prosecuting individuals arrested for drug possession who fail to meaningfully engage in treatment within 90 days, marking a shift away from a deflection-only approach adopted after Oregon decriminalized hard drugs.

Vasquez said the policy change follows a yearlong effort to give the county’s deflection program time to succeed — an effort he said ultimately fell short.

“The District Attorney wanted to give Multnomah County’s deflection program a chance to succeed, but after one year it was clear that it was failing,” a spokesperson for Vasquez said.

BLUE CITY OFFICERS OPEN TO FEDS’ HELP FIGHTING CRIME CRISIS AS LEADERS SPEW ‘ANTI-POLICE RHETORIC’: UNION PRES

Police officer Eli Arnold issues a citation for drug possession during a patrol in downtown Portland, Oregon, on Jan. 25, 2024. (Patrick T. Fallon/AFP/Getty Images)

Under the new approach, individuals will still be offered treatment and services, but those who refuse to participate or fail to engage over a 90-day period will face drug possession charges and have their cases moved into the court system.

“Our goal is to get people help and keep them out of the criminal justice system,” Vasquez said. “But there needs to be real consequences if people refuse to get help.”

Adam Gibbs, general counsel for the Multnomah County District Attorney’s Office, said the policy targets the one area fully within the DA’s authority: prosecution decisions.

“The District Attorney made a change to the one aspect of deflection that this office has unilateral control over — who will get prosecuted,” Gibbs said.

BLUE CITIES U-TURN ON DISTRIBUTING DRUG SUPPLIES TO ADDICTS AFTER PROGRESSIVE POLICIES FAIL TO STEM EPIDEMIC

Person stands near tent at homeless encampment in Portland, OR

Ronald Ross, Multnomah County outreach supervisor with the 4D Recovery Center, speaks to a person in a tent about services for those experiencing homelessness, in Portland, Oregon, on Jan. 24, 2024. (Patrick T. Fallon/AFP/Getty Images)

Gibbs said the DA’s office is now coordinating with the county’s Health Department and commissioners to improve accountability and outcomes within the deflection program.

“We are doing the hard work of coordinating with the Health Department and commissioners to promote alignment on program outcomes and criteria,” he said. “The goal is to improve the County’s program outcomes through increased engagement, and to prosecute only those cases where individuals have failed to meaningfully engage for a period of 90 days.”

Vasquez said surrounding counties adopted accountability measures earlier and believes similar expectations in Multnomah County will help steer more people toward recovery.

“By introducing accountability, as our surrounding counties have done from the start, we hope more people struggling with substance use disorder will get the help they need and stay out of the criminal justice system,” he said.

PORTLAND BUSINESS OWNERS PLEAD FOR HELP AS TRUMP PUSHES TO KEEP TROOPS IN CITY

The shift is drawing support from recovery advocates who say accountability can be a critical turning point for people battling addiction.

Lance Orton, executive director of CityTeam Portland, said Vasquez’s approach strikes a balance between compassion and consequences — something he said is often missing from addiction policy.

“District Attorney Nathan Vasquez’s new approach to accountability within Multnomah County’s Deflection Center is trying to balance compassion with meaningful consequences for those struggling with addiction,” Orton said.

Orton said he was encouraged by the DA’s decision after reviewing data showing low participation and completion rates in the county’s deflection program.

BLUE CITY DA SAYS REPEAT DRUG OFFENDERS ‘WILL NOT RESPECT THE LAW’ UNDER CURRENT SYSTEM

Homeless-Camping-Portland-Oregon

Frank, a homeless man, sits in his tent with a river view in Portland, June 5, 2021. (AP Photo/Paula Bronstein)

“This shift isn’t about punishment,” Orton said. “It’s about ensuring pathways to recovery are real, effective and lead to lasting change.”

Despite millions invested in the deflection center, Orton said outcomes have been limited.

“The current Deflection Center is seeing very few participants and low success metrics — often fewer than two individuals per day and low follow-through to services,” he said.

Orton pointed to CityTeam Portland’s residential recovery program as evidence accountability works.

SEATTLE MAYOR REJECTS LOCKING UP REPEAT CRIMINALS DURING TENSE DEBATE: ‘MAYBE THEY’RE HUNGRY’

“Nearly 75% of the men and women in our residential recovery program are court-mandated, and every one of them will tell you that being directed into treatment was the turning point in their lives,” Orton said.

He added CityTeam Portland has available beds at its new Old Town facility and stands ready to help.

“This is a pro-treatment, pro-accountability stance that honors both public safety and personal dignity,” Orton said. “When compassion isn’t tethered to accountability, recovery outcomes suffer.”

Some county officials have raised concerns about whether Multnomah County currently has enough treatment resources to support a tougher enforcement approach.

BALTIMORE SEES STAGGERING CRIME DROP AS DEMOCRATIC PROSECUTOR HOLDS REPEAT OFFENDERS ACCOUNTABLE

Person on street in Portland, OR reportedly holding drugs

A person holds a foil while smoking following the decriminalization of all drugs, including fentanyl and meth, in downtown Portland, Oregon, on Jan. 25, 2024. (Patrick T. Fallon/AFP/Getty Images)

According to KATU, Multnomah County Commissioner Meghan Moyer said gaps remain in the county’s addiction treatment system and warned against relying too heavily on incarceration.

“We have some gaps in our system where we can’t promise that if you go to detox, the minute that you are done, we have a bed for you in the right level of care,” Moyer told KATU. “That is a problem. So I don’t want to over-promise that our system is now ready and working smooth.”

Moyer said jail should not be the default solution for addiction, emphasizing the need for expanded treatment capacity. Fox News Digital has reached out to Moyer for additional comment.

Multnomah County Sheriff Nicole Morrisey O’Donnell told Fox News Digital that drug enforcement decisions must balance public safety with behavioral health needs, cautioning against relying too heavily on incarceration while supporting accountability when treatment efforts fail.

Morrisey O’Donnell said county jails are not equipped to serve as treatment centers and warned that jailing people without meaningful services can undermine both recovery and public safety. She emphasized the need for a coordinated, community-based response that integrates treatment and support services.

At the same time, the sheriff said accountability remains necessary for individuals who repeatedly refuse or fail to engage in deflection programs, calling structured consequences an appropriate next step when voluntary treatment does not work.

The policy shift comes as Seattle and King County have moved away from prosecuting many drug possession cases, a contrast critics say has worsened public safety conditions.

Seattle-based conservative radio host and commentator Jason Rantz said Portland’s move reflects a growing recognition that leniency has failed.

“Portland’s DA is finally admitting what Seattle’s leaders still refuse to say out loud — that enabling addiction is the kind of ‘compassion’ that kills people,” Rantz said.

“Forcing accountability, including consequences for refusing treatment, can be the only thing that works,” he said. “This isn’t about virtue-signaling — it’s about public safety and saving lives.”

SUSPECT ARRESTED TWICE AFTER ALLEGEDLY CARRYING OUT TWO SEPARATE UNPROVOKED ASSAULTS ONLY MINUTES APART

Seattle skyline homeless encampments and trash.

In an aerial view, a homeless encampment, known informally as “Dope Slope,” stands covered in garbage near downtown Seattle on March 12, 2022. (John Moore/Getty Images)

Vasquez echoed that criticism, calling Seattle’s approach a mistake. He pointed to Portland’s own experience with drug decriminalization as a warning.

“We saw what happened in our community when we decriminalized drugs and stopped holding people accountable and making arrests for open-air drug use,” Vasquez said. “The results were simply devastating, with hundreds upon hundreds of people overdosing and dying.”

Vasquez added that reduced arrests amount to de facto decriminalization.

“When you stop making arrests, that’s decriminalization, and it’s extremely damaging,” he said. “Nobody wants to walk through clouds of fentanyl smoke — especially downtown.”

Seattle police pushed back on claims that the city has gone soft on drug enforcement, saying officers are actively making arrests and working with prosecutors to address narcotics activity.

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The Seattle Police Department said it is coordinating closely with the Mayor’s Office and City Attorney’s Office to reduce drug dealing and use. According to the department, officers made 21% more narcotics-related arrests in 2025 than in 2024, totaling 1,212 arrests, and recorded a 205% increase in drug paraphernalia arrests over the previous year.

The department said its officers remain committed to making arrests and producing strong reports to support prosecution, emphasizing that enforcement efforts are focused on public safety while treating people with dignity and respect.

Seattle officials did not directly address criticism from Portland’s district attorney regarding the city’s broader drug policy approach.

Stepheny Price covers crime, including missing persons, homicides and migrant crime. Send story tips to stepheny.price@fox.com.

Iran state TV hacked to show exiled Crown Prince Pahlavi

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Iran state TV hacked to show exiled Crown Prince Pahlavi

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Multiple Iranian state TV channels were hacked on Sunday amid a near-total internet shutdown to air footage of exiled Crown Prince Reza Pahlavi and images of anti-government protests that have rocked Tehran in recent weeks.

Two clips of Pahlavi were shown as well as a graphic calling on Iranian security forces to side with the public, The Associated Press reported.

“Don’t point your weapons at the people. Join the nation for the freedom of Iran,” one graphic read, according to a translation from the outlet.

Pahlavi himself called on Iran’s military to break with the Islamic Republic and side with the people.

TRUMP’S LEADERSHIP CREATES ‘RARE OPPORTUNITY’ FOR CHANGE IN IRAN, FORMER IRANIAN POLITICAL PRISONER SAYS

A demonstrator holds a sign showing Reza Pahlavi and Supreme Leader Ayatollah Ali Khamenei, whose image is crossed out, during a protest in Houston calling for U.S. action against Iran’s Islamic Republic on Jan. 18, 2026. (Reginald Mathalone/NurPhoto via Getty Images)

“I have a special message for the military. You are the national army of Iran, not the Islamic Republic army,” he said in the hacked broadcast. “You have a duty to protect your own lives. You don’t have much time left. Join the people as soon as possible.”

The U.S.-based Human Rights Activists News Agency (HRANA), which tracks human rights violations in Iran, said on Sunday that nationwide protests continued into the 22nd day as President Donald Trump weighs possible U.S. military action.

The group’s aggregated figures showed 624 recorded protests, the arrest of at least 24,669 people and the confirmed deaths of 3,919 individuals.

KHAMENEI CALLS TRUMP A ‘CRIMINAL,’ BLAMES HIM FOR DEADLY PROTESTS SWEEPING IRAN

Protesters set fire to printed portraits during a demonstration on a central London street, with Iranian flags and placards visible nearby.

London-based Iranians burn images of Supreme Leader Ayatollah Ali Khamenei during a protest outside Downing Street calling for political change in Iran on Jan. 18, 2026. (Lab Ky Mo/SOPA Images/LightRocket via Getty Images)

HRANA said 3,685 of those killed were protesters, including 25 children under the age of 18.

Nearly 9,000 deaths remain under investigation.

Iran International reported that witnesses across multiple cities told them security forces stormed hospitals, removed injured protesters, and interfered with medical care, while reports from other areas described overwhelmed morgues and a strong security presence around medical facilities.

A woman climbs stairs near a heavily damaged structure bearing signs of fire and destruction in an urban area.

A woman walks up an overpass staircase beside a burned-out building damaged during recent protests in Tehran on Jan. 19, 2026. (Atta Kenare/AFP via Getty Images)

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The outlet also reported that witnesses described injured protesters being left without medical care after shootings, as ambulances failed to arrive and phone networks were unavailable.

Others said hospitals were inaccessible or refused treatment, resulting in some wounded protesters bleeding to death while taking shelter in nearby buildings.

Which injuries will have biggest impact on Olympic hockey?

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Which injuries will have biggest impact on Olympic hockey?

We are less than four weeks away from the start of the men’s Olympic hockey tournament in Milan Cortina on Feb. 11 and have reached the “injury concern” portion of the proceedings.

The latest is Leo Carlsson, who is out three to five weeks with a thigh injury. His Olympic participation with Team Sweden is now in question. The 21-year-old Anaheim Ducks sensation had 38 points through 29 games this season, but he had been struggling recently to the tune of six points in 15 games. Coach Joel Quenneville noted that Carlsson played through the pain for some period of time before undergoing a procedure for the issue. Carlsson still leads the team with 44 points in 44 games.

Meanwhile, Carlsson’s Sweden teammate — and Minnesota Wild defenseman — Jonas Brodin‘s Olympic hopes are in jeopardy due to a lower-body injury; he is week-to-week. “It’s something that has been building up a little bit,” Wild coach John Hynes recently noted to reporters.

Canada’s Brayden Point was placed on injured reserve by the Tampa Bay Lightning. Point scored a goal in last Monday’s game against the Philadelphia Flyers, but his leg was tangled with Cam York‘s, leaving Point grabbing his knee in obvious pain while exiting the ice. “I think we all saw [the injury], so let’s see,” Lightning and Team Canada coach Jon Cooper said after the game.

Team USA defenseman Seth Jones hasn’t played since the Winter Classic on Jan. 2 due to an upper-body injury and is also on injured reserve. However, Florida Panthers coach Paul Maurice recently told reporters that “we expect him back before the Olympic break. We’re hopeful for that.”

A young hockey player’s dream is always to win the Stanley Cup. Growing up, you played out Game 7 overtime in your driveway or frozen pond — but you would also throw in overtime in the gold medal game every now and then, especially in an Olympic year.

An injury leading up to the Games is one of the most crushing moments for a hockey player in their career. What makes it more painful is that the Olympics come around just once every four years — representing one’s country at the World Cup of Hockey or IIHF World Championship just isn’t the same.

It matters immensely to the NHL players to be there. They fought for it in the CBA, and they got it.

“I grew up watching all those Olympic teams, 2010 and 2014. To be a part of it now is a dream come true just like every other American [player],” New Jersey Devils forward Jack Hughes told The Drop. “I remember I was crushed in 2010 when [the U.S.] lost in the final It’s just so special the NHLers are back in the Olympics and I’m so excited to be a part of it.”

Hughes is especially looking forward to playing with his brother Quinn — they didn’t have the chance to play together at the 4 Nations Face-Off due to Quinn’s injury.

But speaking of injuries … given the rough nature of the sport, I asked T.J. Oshie whether players ease up physically on national teammates when facing off in an NHL game. Are they motivated to play harder against their upcoming international opponents in those games?

“I was linemates with David Backes,” Oshie recalled. “Maybe he won’t tell you this, but every time we got that close to the Olympics, if there was a Canadian on the other team — you can go back and search this — if we were playing [Sidney] Crosby, Backes was on him. Any Canadian … I think [Ryan] Getzlaf was another one. Backes was 100 percent on him. He is going [hard].”

Jump ahead:
Games of the week
What I loved this weekend
Hart Trophy candidates
Social post of the week
Stick taps

Biggest games of the week

Monday, 8:30 p.m. ET | ESPN+

Without a doubt the most emotional game of the week — in a positive way, compared to what Mitch Marner will face in his Toronto return — will be when former Blackhawks captain and three-time Stanley Cup winner Jonathan Toews returns to the Windy City for the first time as a visitor, wearing Jets blue.

There have been some great ceremonies and tribute videos that have elicited a lot of real emotion from players, and I expect this to be no different for “Captain Serious.”


The Kraken have been playing “playoff hockey”-style games lately and nestling into that third playoff spot in the Pacific. Seattle followed up a nine-game win streak with a three-game losing streak, so this will be a critical stretch.

Seattle has had solid goaltending from Philipp Grubauer, and scoring by committee — only two players are above 30 points so far this season (Jordan Eberle and Matty Beniers). It’s not all Grubauer, though; the Kraken have done an excellent job in limiting high-danger chances in front of the net, keeping offensive threats toward the boards and away from the center of the ice.

It’s a homestand this week for the Kraken, hosting the Pittsburgh Penguins on Monday, the New York Islanders on Wednesday, the Ducks on Friday and the Devils on Sunday. There are a good mix of teams that are all still battling for playoff positioning.


Other key games to watch

MONDAY

1:30 p.m. ET | TNT/HBO Max


4 p.m. ET | TNT/HBO Max


7:30 p.m. ET | ESPN+


TUESDAY

7 p.m. ET | ESPN+


7 p.m. ET | ESPN+


7:30 p.m. ET | TNT/HBO Max


WEDNESDAY

7 p.m. ET | TNT/HBO Max


THURSDAY

7 p.m. ET | ESPN+


7 p.m. ET | ESPN+


9 p.m. ET | ESPN+


9:30 p.m. ET | ESPN


FRIDAY

7 p.m. ET | ESPN+


7 p.m. ET | ESPN


9 p.m. ET | ESPN+


SATURDAY

1 p.m. ET | ESPN+


7 p.m. ET | NHL Network


10 p.m. ET | ESPN+


SUNDAY

1:30 p.m. ET | NHL Network


What I loved this weekend

Imagine getting a call that you need to suit up for the Chicago Blackhawks after eating lunch at Hooters? That’s exactly what happened to 45-year-old David Nozzolillo, who is on the rotation as one of four designated emergency backup goaltenders (EBUGs) for the Hawks. The flu had gone through the team’s dressing room, thinning the goalie roster. Arvid Soderblom and Spencer Knight were unavailable, so in came Nozzolillo.

Emily Kaplan wrote a great article about the surreal experience Nozzolillo had that night as an EBUG — with his name on the back of a Hawks jersey and sitting on the bench and all.

The EBUG has long been one of the most loved and endearing moments in sports; every fan lives vicariously through this one guy, for this brief moment turned into an NHL player, on NHL ice, playing against NHL players. One day you’re an accountant, the next you’re trying to make saves against Auston Matthews.

The CBA rules next season will effectively end this era of EBUGs — NHL teams will hire a third goalie that fills the EBUG role — so Nozzolillo’s tale will be one of the final instances.


Hart Trophy candidates if the season ended today

Unless Nikita Kucherov and Leon Draisaitl pick up the pace, our current top three candidates — Nathan MacKinnon, Connor McDavid and Macklin Celebrini — might just stay there the rest of the way.

Following Saturday’s games, McDavid is first in scoring at 83 points, followed by MacKinnon (82) and Celebrini (72). In January, McDavid has 13 points in eight games, MacKinnon has 12 in seven and Celebrini has 10 in seven. And oh yeah, they’ll all be teammates for Canada in Milan Cortina.

Don’t think I forgot about the goaltenders. Here are three I’m most focused on:

  • Scott Wedgewood continues to shine, with a league-leading .917 save percentage (minimum 20 games played) and just three losses.

  • Jesper Wallstedt is in hot pursuit, with a .916 save percentage and just four losses.

  • If the New York Rangers somehow turn this thing around and make a run, Igor Shesterkin will be a big reason why. Though currently injured, he has a .913 save percentage and the fourth-most total saves in the NHL this season (864).


Social media post of the weekend

First, shoutout to this fan at the Flyers game on Saturday who chugged a beer out of his own prosthetic leg while Gritty was cheering him on. Iconic.

Also, Jaxson Dart has had himself a fun stretch lately; on Saturday, he was cheering on his hometown Utah Mammoth just as news of his New York Giants hiring coach John Harbaugh was made official:

The week before, he was casually crushing the trench run and blowing up the Lego Death Star projected onto Sphere in Las Vegas while sitting in a life-sized Lego X-Wing:


Stick taps

The snow in the Northeast over the weekend was a burden to many but not kids in backyards across the state — particularly 4-year-old Ollie, who took his passion for hockey to another level by creating this snowman hockey player, complete with a South Carolina Gamecocks hockey sweater, beanie, hockey gloves and stick:

The snowman would record a hat trick, add two assists and was a plus-6 in the game.

Speaking of snowmen with a similar name to Ollie, there is only one prominent NHL player in history with the first name Olaf: former Washington netminder Olaf Kolzig, who took the Caps to the Stanley Cup Final in 1998. Some who are close include Avalanche winger Victor Olofsson and former Rangers prospect Olof Lindbom.

IDBI Bank shares fall 6% despite rise in profits as core income falls 24% – The Times of India

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IDBI Bank shares fall 6% despite rise in profits as core income falls 24% - The Times of India

MUMBAI: IDBI Bank reported a net profit of Rs 1,935.5 crore for the quarter ended Dec 31, 2025, up 1.4% from Rs 1,908.3 crore a year earlier, aided by provision write-backs and improved asset quality. However, a sharp drop in core net interest income results in shares of the bank falling nearly 6%.Net interest income fell 24.1% year-on-year to Rs 3,209.4 crore, reflecting lower interest earned and elevated funding costs. Interest earned declined to Rs 7,073.6 crore from Rs 7,815.6 crore a year ago, while interest expended rose to Rs 3,864.1 crore from Rs 3,587.4 crore. Sequentially, NII slipped 2.3%.On the balance sheet, deposits rose 9% year-on-year to Rs 3.08 lakh crore, while advances grew 15.5% to Rs 2.39 lakh crore.Other income rose 61.3% to Rs 1,208.9 crore from Rs 749.4 crore a year earlier, providing a buffer to earnings. Operating expenses increased 15% to Rs 2,501 crore, driven mainly by higher employee costs.The bank reported a provision write-back of Rs 541.6 crore in the quarter, compared with a provision expense of Rs 165.6 crore in the year-ago period. Provisions for NPAs saw a reversal of Rs 603.4 crore. Tax expense declined 28.1% to Rs 523.4 crore.Asset quality improved, with gross NPAs declining to Rs 6,280.9 crore, or 2.57% of advances, from Rs 7,634.8 crore, or 3.57%, a year earlier. Net NPA ratio stood at 0.18%, unchanged from a year ago.The capital adequacy ratio under Basel III stood at 24.63%, with CET 1 at 23.53%. Net interest margin narrowed to 3.52% from 5.17% a year earlier.

What tariffs could Trump impose on the UK and how will it impact the economy?

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What tariffs could Trump impose on the UK and how will it impact the economy?

Donald Trump has threatened to escalate tariffs against the UK and other countries opposing US plans to acquire Greenland.

Mr Trump stated his desire to take over the island due to its strategic Arctic location and mineral wealth.

He warned the UK could face additional tariffs from next month if it maintains its opposition.

Sir Keir Starmer urged the US to avoid military action or a trade war, calling for the issue to be resolved through “calm discussion between allies.”

Trump has threatened Keir Starmer with tariffs if the UK does not support his Greenland plan

Trump has threatened Keir Starmer with tariffs if the UK does not support his Greenland plan (PA)

Here, we look at what Mr Trump’s tariff plans could mean for the UK:

– What are tariffs?

Tariffs are a tax on products imported into a country.

They are typically charged as a percentage of the price a buyer pays a foreign seller.

It means a US company buying a product from a UK supplier would now have to pay an additional amount, such as 10 per cent, to the state, on top of the original price.

– Who pays them?

The companies buying the imported goods pay the tariffs.

In this case, it means US firms will have to pay more for international goods from countries affected.

Mr Trump has used his tariff policies to encourage US firms to buy products manufactured within the country, and therefore avoid the additional tax.

– How are they charged?

Tariffs are collected by the national customs authority of the country into which the goods are being imported.

In the UK, this means any tariff is paid to His Majesty’s Revenue and Customs (HMRC) when goods enter the UK.

Funds from tariffs are paid to HMRC

Funds from tariffs are paid to HMRC (PA Wire)

In the US, tariffs are collected by Customs and Border Protection agents at ports of entry across the country, such as airports and ports.

– How are tariffs calculated?

Companies can determine the tariff costs of a product by working out its 10-digit HTS code, which is an internationally recognised standard used for the categorisation of goods by customs officials.

Every product has a classified code based on the characteristics of the product, which is needed for to goods to be imported.

Duty and tariff rates are based on these and firms can face penalties if they mis-declare these or the goods.

Firms also have to declare that products originate in a particular country, with a certificate of origin.

– What are UK/US tariffs currently?

There is a significant range of tariff costs depending on products and sectors, and the UK and US governments made a number of agreements last year.

Nevertheless, broadly speaking, the US imposed a 10 per cent tariff on top of all previously existing tariffs and duties.

Last year’s 2025 economic prosperity deal secured tariff exemptions for UK steel, aluminium, aerospace and cars, although many of these only cover a certain quota of products.

– What is Mr Trump threatening?

Mr Trump said he would charge the UK a 10 per cent tariff “on any and all goods” sent to the US from February 1.

This would then increase to 25 per cent from June 1, until a deal is reached for Washington to purchase Greenland from Denmark.

He would impose this on Denmark and European allies opposed to his plans, who currently also include France, Germany, the Netherlands, Finland, Norway and Sweden.

It is not known how this will affect products which are currently exempt from tariffs.

– How would this impact the economy?

Countries such as the UK that have high exposure to the US could see their economic growth hit by the tariff plans.

Capital Economics’ chief economist Neil Shearing suggested the wider economic effect would be “modest” but it would “shave a few tenths of a percentage point off GDP in the affected economies”.

He added: “The countries most exposed are those with the largest export shares to the US – notably the UK and Germany.

The UK’s biggest exports to the US are cars and machinery

The UK’s biggest exports to the US are cars and machinery (PA Wire)

“A 10 per cent tariff could reduce GDP in those economies by around 0.1 per cent, while a 25 per cent tariff could knock 0.2–0.3 per cent off output.”

Goldman Sachs economists Giovanni Pierdomenico and Sven Jari Stehn said the impact could be higher, indicating that the proposed 25 per cent tariff could affect countries’ GDP by between 0.25 and 0.5 per cent.

– Which sectors would most be affected?

The biggest export from the UK to the US is machinery, such a cars, engines and turbines.

Some consumer sectors could also be particularly affected, such as Scotland’s whisky industry, which exported almost £1 billion worth of whisky to the US in 2024.

– What could it mean for inflation?

The introduction of tariffs is often inflationary for both countries affected by the measure.

Economists at Deutsche Bank suggested that the “renewed threat of trade war, however, could disrupt the UK’s swift disinflation process”, in which inflation dropped to 3.2 per cent in November last year.

Indian Dishes That Share Surprising Parallels With Mexican Cuisine

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Indian Dishes That Share Surprising Parallels With Mexican Cuisine

Colleen Hoover shares major update about cancer treatment

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Colleen Hoover shares major update about cancer treatment

Colleen Hoover shares major health update about cancer treatment 

Colleen Hoover has shared a positive health update amid her cancer treatment.

Colleen took to Facebook to share that she has finished radiation therapy and is cancer free now.

“Just clarification because of some misleading clickbait making it sound like I’m on my deathbed or something, but I do not have cancer anymore,” the It Ends With Us author wrote. “I was diagnosed sometime last year, had surgery that was successful, just finished radiation yesterday.”

“I am done and good and all is well and has been well. My doctors doctored. Hell yeah,” she concluded.

This comes a week after the author shared a mirror photo of herself, sharing that it was the second last day of her radiation treatment.

She first revealed her diagnosis in December, revealing that the cancer had been removed through surgery and that further treatment would include radiation but not chemotherapy.

The author, whose book Regretting You was also recently adapted into a movie, shared that she had “recurring” health issues during the filming of the upcoming movie adaptation of Reminders of Him. 

 “I continued to put off until the movie was finished,” she wrote.

“So while it felt huge and scary for a bit, and I had to miss out on the Regretting You premiere and some other important career and personal moment, I just wasn’t ready to share with anyone until I knew what the outcome would be,” she said.

Colleen Hoover’s latest book, Woman Down, hit shelves on January 13, whereas Reminders of Him is set to hit theaters on March 13.

Several killed in blast in Afghan capital Kabul: Taliban interior ministry

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Several killed in blast in Afghan capital Kabul: Taliban interior ministry

A Taliban fighter stands guard as Afghan medical staff members wait at the entrance of a hospital to receive the victims of an explosion in Kabul on October 3, 2021. — AFP

Several people were killed in a blast in the Afghan capital Kabul’s Shahr-e-Naw area, the Taliban interior ministry said on Monday.

“According to preliminary reports, a number of people were killed and injured,” Interior Ministry spokesperson Abdul Mateen Qani told Reuters, adding that details would be released later.

The Shahr-e-Naw area is home to foreigners and is considered one of the most secure areas in Kabul.


This is a developing story and is being updated with more details.

Queen Sofia shows fragile side of royal life amid personal loss

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Queen Sofia shows fragile side of royal life amid personal loss

Queen Sofia, the former monarch of Spain, navigated some heavy moments of her sister’s farewell with dignity.