Luxury, auto stocks slide as Trump ties Greenland purchase to new tariffs
European markets opened lower on Monday, January 19, after U.S. President Donald Trump threatened tariffs on eight European countries amid rising trade tensions.
The pan-European STOXX 600 index dropped 1% in mid-morning trading, marking a dismal start for a week in which earnings statements and the World Economic Forum in Davos are expected to drive markets.
The French market’s CAC 40 index declined by 1.4 per cent, the German market’s DAX index fell 1.2 per cent, and the FTSE 100 in London closed lower by 0.5
On the same day, Trump announced that a 10% tariff will now be imposed on products from Denmark, Norway, Sweden, France, Germany, the Netherlands, Finland, and the UK, starting on Feb. 1.
However, the rate will increase to 25% on Jun. 1 unless a deal is reached allowing the US to buy Greenland.
Responding to the situation, European officials described the tariff threat as coercive and explored countermeasures, suggesting potential tariffs on $108 billion of U.S. imports and other actions under the EU’s Anti-Coercion Instrument.
Analysts noted that Trump’s tariff strategy is more politically motivated than economic.
Shares of luxury, auto, and technology companies were among the sectoral decliners, falling 3.1%, 2.4%, and 2.2%, respectively, as the luxury and auto sector indexes hit a three-month low. Volatility in Eurozone equities also reached a high last seen in November.
Market analysts have noted that the absence of trading volume in the US markets in observance of the Martin Luther King Jr. Holiday could also lead to the amplification of these trends since declines were also registered in the futures of S&P 500, Nasdaq, EURO STOXX50, and DAX as investors turned their attention towards safe currencies such as the Japanese yen.
The market uncertainty was further fueled by global macroeconomic factors such as the slowdown in the economy in China and upcoming inflation data in the U.S. With earnings season already underway, investors are weighing risks along with economic indicators, making stocks highly susceptible to further market swings
Glaucoma often progresses without symptoms until vision loss occurs. Learn why early eye tests and awareness are critical to detecting this silent eye disease before it’s too late.
Public awareness is critical. By understanding that glaucoma often develops silently and by encouraging regular eye examinations, we can significantly reduce the devastating impact of late-stage diagnosis
Glaucoma is often called the “silent thief of sight”, a progressive eye disease that damages the optic nerve and can lead to irreversible vision loss. What makes it particularly dangerous is its stealth: in the early stages, glaucoma usually develops without noticeable symptoms. Many people remain unaware of the condition until significant and permanent damage has already occurred. Emerging research suggests that certain physiological traits may predispose some eyes to an especially subtle, symptom-free progression, making early detection even more challenging.
Dr Sudipto Pakrasi, Chairman, Ophthalmology, Medanta, Gurugram, shares key insights into this silent condition.
The Slow Erosion of the Optic Nerve
At the heart of glaucoma lies the gradual deterioration of the optic nerve, the vital channel that transmits visual information from the eye to the brain. Elevated intraocular pressure (IOP) is a well-known risk factor, but optic nerve damage can also occur in individuals with normal IOP levels. This complexity underscores why glaucoma cannot be diagnosed by pressure checks alone; comprehensive evaluation is essential.
Hidden Variations in Eye Physiology
In many cases, vision loss begins in the peripheral field, an area we rarely notice in daily life. The brain’s remarkable ability to compensate for these subtle deficits often masks the problem. Some individuals, however, appear to have ocular physiology that inherently suppresses symptoms. Their optic nerves may tolerate stress for longer periods, allowing damage to accumulate silently before any perceptible impairment emerges.
Why Symptoms Stay Invisible
Several factors influence whether glaucoma remains unnoticed:
Optic nerve resilience: Some optic nerves can withstand elevated IOP or other stressors longer before showing signs of damage.
Pattern of nerve fibre loss: Damage in certain regions causes subtle visual field defects that are easily overlooked.
Rate of progression: Slowly advancing glaucoma can remain hidden for years, delaying awareness.
The Critical Role of Regular Eye Examinations
Because glaucoma often progresses without warning, routine eye examinations are the most effective safeguard. Individuals at higher risk including those with a family history of glaucoma, older adults, people of African or Asian descent, and those with conditions such as diabetes or hypertension should undergo comprehensive testing.
Key diagnostic tools include:
Tonometry: Measurement of intraocular pressure
Visual field testing: Assessment of peripheral vision
Optic nerve imaging: Using ophthalmoscopy or optical coherence tomography (OCT)
Early Detection: The Only Defence
While glaucoma-related damage cannot be reversed, early detection can preserve vision. Treatments such as medicated eye drops, laser therapy, or surgical interventions can lower intraocular pressure and slow or even halt disease progression.
Raising Awareness to Protect Sight
Public awareness is critical. By understanding that glaucoma often develops silently and by encouraging regular eye examinations, we can significantly reduce the devastating impact of late-stage diagnosis. Vigilance today is essential to safeguarding vision for tomorrow.
First Published:
January 19, 2026, 21:16 IST
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Billy Bob Thornton joins “CBS Mornings” to discuss the second season of the hit series “Landman,” which he stars in as oil executive Tommy Norris. Thornton talks about his immediate chemistry with Ali Larter and why the show resonates with viewers.
Kodak, once a global photography giant, missed the digital revolution despite Steve Sasson’s invention, leading to bankruptcy in 2012 and a dramatic fall from dominance
In early 2000s, film sales collapsed, photo labs shut down and the iconic yellow Kodak box began disappearing from shelves. (News18 Hindi)
If you grew up in the 1980s or 1990s, photography likely meant one thing – Kodak. From carefully loading film into cameras to waiting days for prints to arrive, the brand dominated how the world captured memories. Not just in India, but globally, Kodak was synonymous with photography.
Kodak was founded in 1888 by George Eastman, whose vision was to make photography accessible to everyone. His idea worked. With the slogan “You press the button, we do the rest”, Kodak turned a complex process into a household habit. The company’s business model was equally smart; cameras were sold cheaply, while profits flowed from film, chemicals and photo paper; the classic “razor and blade” strategy.
By the 1990s, Kodak controlled nearly 90% of the US film market, and the phrase “Kodak moment” had entered popular culture. The company had billions in cash, global dominance and a workforce running into thousands.
Then came the moment that could have changed everything. In 1975, a Kodak engineer named Steve Sasson invented the world’s first digital camera inside the company’s own lab. The prototype was bulky, wired and shot black-and-white images stored on a cassette tape, which could be viewed by connecting the device to a television. Primitive as it was, the invention was revolutionary. Sasson presented it to Kodak’s top management, expecting excitement. Instead, he was told to keep it quiet.
The reason was that digital photography did not need film. Executives feared that if the technology became mainstream, Kodak’s core business would collapse. They also believed consumers would always prefer physical photographs over images on a screen. The invention was shelved, and Kodak doubled down on film. In hindsight, rejecting digital photography was the company’s biggest mistake.
For nearly two decades, Kodak remained convinced that digital images would never match the quality or emotional value of film. While the company hesitated, rivals such as Sony, Canon and Nikon invested steadily in digital technology. By the late 1990s, digital cameras had entered the market, but Kodak was still reluctant to abandon its legacy business. Even when it launched digital products, it tried to replicate the look and feel of film, unable to accept that the era had changed.
The rise of the internet dealt the final blow. As personal computers and email became common in the early 2000s, people stopped printing photographs altogether. Images were stored, shared and viewed digitally. Film sales collapsed, photo labs shut down and the iconic yellow Kodak box began disappearing from shelves. Kodak attempted a late pivot, spending millions to enter the digital space, but by then the market was firmly controlled by competitors.
In 2012, Kodak filed for bankruptcy, stunning the global business community. Once valued in billions and employing over 1,40,000 people worldwide, the company was reduced to selling patents to survive. Thousands lost their jobs, and Kodak’s factories in New York fell silent. The empire had effectively ended.
Ironically, Kodak’s downfall unfolded even as small digital-first companies were thriving. Platforms like Instagram, with a fraction of Kodak’s resources, built massive valuations by understanding how people wanted to save and share memories in a digital age. Kodak, despite having the technology, the brand and the capital, failed to recognise that shift.
Today, Kodak still exists, but only as a shadow of its former self. It operates in areas such as printing, specialty chemicals and pharmaceuticals, and occasionally produces film for hobbyists. Steve Sasson, often mistakenly believed to have been fired, continued working at Kodak for 35 years and retired in 2009. He even helped develop the first DSLR camera in 1989, which Kodak again chose not to commercialise. Sasson was later honoured by the US President for his contribution to digital photography.
Newsbusiness Kodak Had The World’s First Digital Camera But Chose Films Over Future, Went Bankrupt
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Elizabeth Hurley faces an impossible choice as son Damian, beau Billy Ray Cyrus clash
It is being reported that Elizabeth “Liz” Hurley is in the middle of a difficult stage of life as she is being forced to choose between her son Damian Hurley and boyfriend Billy Ray Cyrus.
An insider told Radar Online that Liz’s 23-year-old son Damian, who she shares with ex-partner Steve Bing, is growing apart because of her high-profile romance with Billy.
The source shared, “Liz keeps saying this is just a rough patch, that these are growing pains and they’ll get through it, but everyone can see how stressful this is for her.”
Notably, Damian, who is a actor and model by profession, has been the center of mom’s attention after the death of his father, Bing.
For those unaware, Bing, a businessman and film producer, died by suicide at the age of 55 on June 22, 2020.
According to the insider, “Liz and Damian are so close and used to spending so much time together, he has been her plus one forever, and now Billy Ray is taking that spot.”
“Granted, Damian is older now and has his own life. But it’s hard for him to share his mother’s attention. Damian has made it clear he does not want to spend any time with Billy Ray,” claimed the source.
Billy and the Strictly Confidential star are ” like oil and water. Damian is very into the high fashion world and the London society scene – he couldn’t be more posh. And Billy Ray is pure country.”
They were on good terms when Liz “first introduced them,” as “they added each other on Instagram and were messaging. They went on a shopping spree for cowboy boots and hats and Billy Ray even gave Damian a bunch of designer pieces from his own closet. But after Damian’s last visit to Nashville, he refused to come back,” the source revealed.
“Liz is running herself ragged trying to reassure Billy Ray on one side and coax Damian on the other. It’s exhausting. But she won’t give up – these are the two men she loves most,” the source concluded.
It is pertinent to mention that Billy Ray Cyrus and Elizabeth Hurley confirmed their relationship in April 2025 after meeting on the set of Christmas in Paradise in 2022.
Harry is among the high-profile claimants, along with Sir Elton John and actresses Elizabeth Hurley and Sadie Frost, who have accused the Associated Newspapers group of “unlawful information gathering.”
The 41-year-old royal, who lives in California, and his fellow celebrities claim the company, which publishes the Daily Mail and the linked MailOnline website, illegally snooped on them by hiring private investigators to hack their phones, bug their cars and access private records to generate scoops.
The publisher has denied all of the accusations, calling them “preposterous smears” and part of a coordinated effort driven by the claimants’ personal dislike of the news media.
In a witness submission seen by CBS News, Harry said it was, “disturbing to feel that my every move, thought or feeling was being tracked and monitored just for the Mail to make money out of it,” adding that the “terrifying” intrusion made him, “paranoid beyond belief, isolating me.”
Prince Harry, Duke of Sussex, arrives at The Royal Courts of Justice for the first day of a court case against Associated Newspapers Ltd, Jan. 19, 2026, in London, England.
Karwai Tang/WireImage/Getty
Harry, the Duke of Sussex, whose case is based on 14 separate newspaper stories, says the alleged illegal information gathering between 1993 and 2011 put a “massive strain” on his personal relationships. He has long blamed the media for the death of his mother, Princess Diana, who was killed in a car crash in 1997 as her vehicle was pursued by photographers on motorcycles.
He listened in court Monday as his lawyer argued that there was, “clear, systematic and sustained use of unlawful information gathering at both the Daily Mail and the Mail on Sunday.”
Testimony from several private investigators, who have said they worked on behalf of Associated Newspapers, will be used in the trial. CBS News’ partner network BBC news reported Monday that Harry was expected to take the stand himself to offer evidence.
During his first legal battle with the press, in 2019, against the owners of The Mirror for hacking his phone, Harry became the first senior member of the royal family to give in-person testimony in a British court in more than 130 years. Courts ruled in his favor multiple times in that case.
“The journalists who used me and the editors who sanctioned this knew full well that I was a practitioner of the ‘Dark Arts,'” private investigator Steve Whittamore said in a witness statement ahead of the trial that began Monday. “If the information the journalists requested could have been acquired legitimately … then the newspapers would have had no need to use my particular services.”
Another witness, known as “Detective Danno,” claims to have been paid the equivalent of more than $1 million by the Mail for over 20 years of work for the paper.
The publisher has argued that evidence from private detectives can’t be trusted.
Royah Nikkhah, royal editor for The Sunday Times and a CBS News contributor, said Monday that Prince William appeared to be “full of confidence” about his case, but “he’s not really relishing the prospect of being in court all week.”
Last year, Rupert Murdoch’s right-leaning News Group Newspapers settled out of court with the royal, offering a full formal apology for “serious intrusion” and a multi-million dollar payout.
The case against Associated Newspapers is expected to last nine weeks, culminating with a decision by Judge Matthew Nicklin, whose verdict will determine not only the lasting reputation of a major media company, but also who foots the bill for tens of millions of dollars in legal costs.
“If Harry wins this case, it will give him a feeling … that he wasn’t being paranoid all the time,” Nikkhah told CBS News. “If Harry loses this case, it’s huge jeopardy for him, not just in terms of cost, but in terms of pushing all the way to trial and not seeking to settle. So we have to wait and see, but it’s high stakes for Harry.”
New Delhi: Indian Railways successfully managed rail traffic during the Mauni Amavasya period, operating 244 special trains across the country since January 3, ensuring smooth and convenient travel for devotees, according to an official statement issued by the Ministry of Railways on Monday.
These trains, of which 31 were of Northern Railway (NR), 158 trains of North Central Railway (NCR), and 55 trains of North Eastern Railway (NER), served around 4.5 lakh passengers. The special services were planned to facilitate hassle-free journeys and safe travel during the festive period.
On January 18, Prayagraj witnessed the peak of festive travel with 40 special trains in operation, including 11 trains of NR, 22 trains of NCR, and seven trains of NER, carrying approximately 1 lakh passengers. Notably, all regular trains ran as scheduled, demonstrating effective planning and operational efficiency by Indian Railways, the statement explained.
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“The successful operation of these special trains reflects Indian Railways’ commitment to providing safe, convenient, and uninterrupted services to passengers during peak festive periods. The railways continue to leverage technology, resource planning, and coordination across zones to manage large-scale passenger movements efficiently,” the statement said.
Earlier, Indian Railways operated more than 43,000 special train trips in 2025 to ensure smooth travel and clear the rush during major religious festivals and peak holiday seasons.
During the year, Indian Railways undertook one of its largest special train operations for Maha Kumbh, operating 17,340 special train trips between January 13 and February 28, 2025, to facilitate the movement of a very large number of pilgrims. For Holi, 1,144 special train trips were operated between March 1 and March 22, 2025, nearly double the number run during Holi 2024, ensuring better availability and smoother festive travel.
The summer travel season of 2025, spanning April 1 to June 30, saw the operation of 12,417 Summer Special train trips, maintaining a high level of service during peak vacation months.
Special arrangements for Chhath Puja 2025 were further strengthened, with 12,383 special train trips operated between October 1 and November 30, 2025, marking a substantial increase over the previous year, according to official figures.
The World Economic Forum (WEF) on Monday withdrew an invitation for Iran’s foreign minister to attend the Davos summit in Switzerland after an advocacy group urged it to bar Iranian regime officials amid nationwide anti-government protests that have left thousands dead.
In a post on X, the WEF confirmed that Abbas Araghchi would not be permitted to attend the five-day event.
“Although he was invited last fall, the tragic loss of lives of civilians in Iran over the past few weeks means that it is not right for the Iranian government to be represented at Davos this year,” the organization said.
The announcement comes after the advocacy group United Against Nuclear Iran (UANI) sent a letter to WEF President Børge Brende on Friday, urging him to rescind the invitation and bar Iranian regime officials from attending amid a brutal crackdown on civilians.
World Economic Forum sign is seen on the Congress Centre hosting the annual meeting on its opening day in Davos, Switzerland, on Jan. 19, 2026.(Fabrice Coffrini/AFP via Getty Images)
UANI CEO Ambassador Mark Wallace welcomed the decision, telling Fox News Digital in a statement after Araghchi’s invitation was withdrawn: “UANI commends the World Economic Forum for revoking the invitation of Iran’s Foreign Minister from this year’s gathering in Davos. Iranian regime representatives should not be platformed at international events given their crimes against the Iranian people and their long history of supporting terrorism.”
Iran is currently facing nationwide anti-government protests that have drawn a violent response from security forces and placed growing pressure on Supreme Leader Ayatollah Ali Khamenei.
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.
Iranian Foreign Minister Abbas Araghchi attends a joint press conference after signing an Egypt-backed agreement to resume nuclear inspections in Cairo on Sept. 9, 2025.(Sayed Hassan/Getty)
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.
White House press secretary Karoline Levitt said at a press briefing last week that the Trump administration was closely watching the situation in Iran.
US President Donald Trump speaks during an exclusive interview in the Oval Office in the White House in Washington, DC, US, January 14, 2026. — Reuters
Germany, France declare Trump’s tariff as “blackmail”.
Greenland is “democratic society” with right to make decisions: PM.
Current tariff deal with US would be put on hold: French FM.
Donald Trump no longer needs to think “purely of peace” after being snubbed for a Nobel, the US president said in comments published on Monday, adding the world will not be safe until Washington controls Greenland.
Trump has put the transatlantic alliance to the test with threats to take over Greenland “one way or the other”, with European countries closing ranks against Washington’s designs on the vast Danish territory.
German and French leaders denounced as “blackmail” weekend threats by Trump to wield new tariffs against countries which oppose his plans for the Arctic Island, and said on Monday that Europe was preparing trade countermeasures.
The European Union said it was holding an emergency summit on Thursday to weigh its response, and that while its priority is to “engage not escalate” it is ready to act if needed.
Greenland, for its part, said the tariffs threat does not change its desire to assert its own sovereignty.
“We will not be pressured,” Greenlandic prime minister Jens-Frederik Nielsen said in a Facebook post, adding that the autonomous territory “is a democratic society with the right to make its own decisions”.
But Trump had earlier doubled down, announcing in a message to Norway’s Prime Minister Jonas Gahr Store that the world “is not secure unless we have Complete and Total Control of Greenland”.
The message — published on Monday and whose authenticity was confirmed to AFP by Store’s office — also saw Trump brush aside peace as a primary goal.
“I no longer feel an obligation to think purely of Peace,” he said, citing his failure to win the last year’s Nobel Peace Prize, despite openly coveting it.
He said although peace would still be “predominant,” he could “now think about what is good and proper for the United States of America.”
Store said the statement had been received in response to a message from him and Finnish President Alexander Stubb, where they had “conveyed our opposition” to Trump’s tariff threats.
Store also underlined that the Nobel Peace Prize was not awarded by the Norwegian government.
“I have clearly explained, including to President Trump what is well known — the prize is awarded by an independent Nobel Committee,” he said in a written statement.
Russia, China threat?
Trump has repeatedly said his country needs vast, mineral-rich Greenland for “national security”, despite the United States already having a base on the island and security agreements with fellow Nato ally Denmark.
“Denmark cannot protect that land from Russia or China,” Trump said in his message to the Norwegian premier, doubling down on that sentiment in a post to Truth Social on Monday.
Denmark’s defence minister Troels Lund Poulsen said on Monday steps had already been taken along with Nato allies to “increase military presence and training activity in the Arctic and the North Atlantic”.
Lund Poulsen added that he and Greenlandic foreign minister Vivian Motzfeldt would be meeting with Nato chief Mark Rutte later on Monday.
‘Blackmail’
This weekend, Trump said that from February 1, Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands, and Finland would be subject to a 10% tariff on all goods sent to the United States — a duty which could go higher.
Germany’s vice chancellor Lars Klingbeil slammed the move as blackmail, and said Monday that Europe was preparing countermeasures.
French finance minister Roland Lescure, speaking at a press conference alongside Kingbeil, agreed.
“Blackmail between allies of 250 years, blackmail between friends, is obviously unacceptable,” Lecurse said.
Klingbeil said Europe’s response could have three main strands.
First, the current tariff deal with the United States would be put on hold, he said.
Second, European tariffs on imports from the United States, currently suspended until early February, could come into force.
And thirdly the EU should consider using its toolbox of instruments against “economic blackmail”, he added.
Europe’s stock markets fell as the week’s trading began on Monday, with British Prime Minister Keir Starmer warning that a “trade war is in no one’s interest”.
Greenland — whose tiny population of 57,000 has voiced disquiet at Trump’s threats — continued to make its preferences clear on Monday.
Greenland’s dogsled federation said that the new US special envoy to the Arctic island had been disinvited to its annual race.
Jeff Landry had been invited to attend the race by a private Greenlandic tour operator, an invite the KNQK federation has previously called “totally inappropriate”.
