Current Affairs of 11 April 2025

National and International Current Affairs - April 11, 2025

International Relations

• US-China Tariff Escalation: China increased tariffs on US goods to 125% in response to the US raising tariffs on Chinese imports to 145%, intensifying trade tensions between the two nations.
• India's GDP Growth Projection: A report projected India's GDP to increase marginally by 10 basis points to 6.8% in FY27, supported by favorable monetary and fiscal policies.

National News

• PM-POSHAN Scheme Update: The Government of India approved a 9.5% hike in material cost under the PM-POSHAN scheme, resulting in an additional central expenditure of ₹954 crore for the financial year 2025–26, effective from May 1, 2025.
• Rageh Omaar Returns to ITV News: Rageh Omaar, the 57-year-old ITV newsreader and international affairs analyst, began his gradual return to work nearly a year after suffering a suspected mini-stroke live on air in April 2024.

Economy

• JPMorgan Reports Strong Earnings: JPMorgan Chase reported stronger-than-expected earnings, with EPS of $5.07 on $45.31 billion revenue, surpassing forecasts. CEO Jamie Dimon warned of ""considerable turbulence"" due to current economic uncertainties.
• Gold Prices Surge: Gold futures surged to a new record above $3,200 as investors sought safe-haven assets amid market volatility; major gold mining stocks rose in response.

Science & Technology

• South Korea Approves Anthrax Vaccine: The Korea Disease Control and Prevention Agency announced the approval for usage of Barythrax, a vaccine for anthrax that was produced in collaboration with GC Pharma and is deemed the first genetically engineered anthrax vaccine in history.

Sports

• Florida Gators Win National Title: The Florida Gators rallied to win their third national title, denying Houston its first, showcasing a strong performance in the championship game.