Tensions between India and Pakistan remain elevated following India's strikes last week, which New Delhi said targeted "terrorist infrastructure" as part of "Operation Sindoor." Pakistan's prime minister condemned the actions in Pakistan and Pakistan-Administered Kashmir and vowed a response, raising questions about what happens next between the two nations.
The actions claimed lives on both sides. A Pakistani official reported at least 31 civilians killed in Pakistan. On the Indian side of the de facto border that divides Kashmir, cross-border shelling killed at least 12 people, according to an Indian defense source. These exchanges follow a tourist massacre in Kashmir's Pahalgam last month that killed over two dozen civilians.
Amid the conflict, false information about military actions has circulated online. The PIB Fact-Check Unit, part of the PIB (Press Information Bureau), has worked to counter these claims, debunking videos and posts shared on social media platforms.
One specific post the unit addressed came from an account under the username Shamii_awan1 on X/@PIBFactCheck. The post included a video falsely claiming it showed a Pakistani strike on the Amritsar Military Base with numerous casualties.
The PIB Fact-Check Unit labeled the post a "Pakistan Propaganda Alert," clarifying that the video depicted a wildfire from 2024 and was not related to any military action in Amritsar. They urged the public to rely only on official sources from the Government of India for information. (Source)
Another instance of disinformation countered by the unit involved a video purporting to show the Indian Army waving white flags at the Line of Control to recover bodies. The PIB stated this video was from September 2019 and showed the Pakistan Army raising white flags for that purpose.
Separately, in financial markets, Global X ETFS Europe debuted a new investment product. The Global X EURO STOXX 50 Covered Call UCITS ETF (SYLD) aims to track the performance of the EURO STOXX 50 Index while generating income through derivative strategies.
SYLD, listed on the London Stock Exchange and Deutsche Borse, tracks the EURO STOXX 50 Covered Call ATM (At The Money) Index. This index follows the Eurozone blue-chip company benchmark and concurrently sells call options based on the same index to create an income stream for investors. Global X ETFs Europe partnered with index provider STOXX on the product.
Covered call strategies, which involve selling call options on an owned underlying asset, appeal to investors seeking income and some protection against volatility. Income is derived from the premium received for selling the options. Global X Europe recently passed a $2 Billion Milestone in assets under management and offers several UCITS covered call ETFs.
The firm previously launched the Global X NASDAQ 100 Covered Call UCITS ETF (QYLD) and the Global X S&P 500 Covered Call UCITS ETF (XYLU). QYLD saw a 36.8% total return from its November 2022 launch through March 2025, compared to 65.9% for BlackRock's iShares NASDAQ 100 UCITS ETF (CNDX) over the period. XYLU posted a 16.3% total return from its July 2023 launch through March 2025, while BlackRock's iShares Core S&P 500 UCITS ETF (CSPX) returned 29% in that time.
Axel Lomholt, general manager at STOXX, commented on the partnership regarding the new ETF launch. "The EURO STOXX 50 is the flagship Eurozone equity index and we are committed to providing innovative solutions linked to it which support investor portfolio diversification."
