NEWS 14-05-2025. News For 16th-May (Friday) 1. India and Pakistan announced ceasefire on the fourth day of Operation Sindoor, after India had carried out strikes on 9 terror camps in Pakistan. India has warned that any future act of terror from Pakistan will be considered as an act of war against it. 2. India & Chile have signed the Terms of Reference (ToR) for a Comprehensive Economic Partnership Agreement (CEPA), marking a significant advancement in their bilateral trade relations. 3. US has announced a trade deal with the UK., The deal includes reduced import taxes on select British cars and tariff-free imports of some steel and aluminium, though a 10% tariff on most UK goods remains in place. 4. US and China have successfully concluded two days of negotiations in Geneva, reaching a tentative trade agreement on Tariff. 5. US and Saudi Arabia have signed a significant strategic economic partnership agreement. 6. Rohit Sharma and Virat Kohli have announced retirement from Test Cricket with immediate effect. 7. India's retail inflation eased to 3.16 percent in April from 3.34 percent in March, driven by significant easing in food prices. < < Back