The Latest News and Information That Matters To You
BOSTON – Harvard University professors are suing to block the Trump administration’s review of nearly $9 billion in federal contracts and grants awarded to the Ivy League school as part of a crackdown on what it says is antisemitism on…
LONDON – British finance minister Rachel Reeves wrote in a column for the Observer due to be published on Sunday that she wants to achieve “an ambitious new relationship” with the European Union while still negotiating a trade deal with…
WASHINGTON – President Donald Trump’s administration could lay off workers at the U.S. Consumer Financial Protection Bureau (CFPB), but not abolish the agency, an appeals court ruled on Friday. The agency, created in the aftermath of the global financial crisis…
JERUSALEM – Hamas on Saturday released a video purportedly of Israeli-American hostage Edan Alexander, who has been held in Gaza since he was captured by Palestinian militants on October 7, 2023. In the undated video, the man who introduces himself…
ROME -Credit ratings agency S&P Global upgraded Italy on Friday in a surprise move just days after Rome halved its economic growth forecast amid global market turmoil and said its huge public debt would rise this year and next. S&P…
Bank of England interest rate-setter Megan Greene said on Saturday it was unclear what U.S. President Donald Trump’s import tariffs would do to UK inflation with the unpredictable behaviour of the dollar adding to the puzzle. Higher barriers to trade…
In December 1958, Argentina, battling inflation and weak reserves, agreed a $75-million loan with the International Monetary Fund, its first deal with the Washington-based lender in a record 23 programs totalling $177 billion in agreed funds. On Friday, Argentina got…
BUENOS AIRES -Argentina’s central bank has announced a major overhaul to the country’s exchange rate policy, unleashing the peso and dismantling its years-long controls on the currency as the country reached a $20 billion IMF deal. The central bank announced…
WASHINGTON -U.S. President Donald Trump’s administration was hit with another lawsuit on Friday over his executive orders sanctioning prominent law firms, even as five other firms offered costly concessions to avoid the president’s crackdowns. Susman Godfrey filed the lawsuit in…
WASHINGTON -Prospective jurors in Sean “Diddy” Combs’ trial next month will be asked about their opinions on a range of issues including kidnapping, drug distribution and sex trafficking, according to draft questionnaires filed by the hip-hop mogul’s lawyers. Combs, 55,…
BUDAPEST – Several thousand Hungarians mocked right-wing Prime Minister Viktor Orban’s moves to ban the annual Pride march by LGBTQ+ groups, dressed in grey and carrying banners ironically denouncing colours and diversity at a rally in central Budapest. The rally,…
PROVIDENCE, Rhode Island -Trillions of dollars in market prices alternately have been wiped off and added back to portfolios, leading to high anxiety among investors and a move by some to dial down risky positions as they wait to see…
NEW YORK/HONG KONG -Global equities long/short hedge funds missed out on most of Wednesday’s massive rally in U.S. stocks, triggered by President Donald Trump’s pause on some tariffs for 90 days, but managed to limit their losses during Thursday’s sell-off….
The North Carolina Supreme Court ruled on Friday that more than 60,000 ballots cast in November by voters in a close race for a seat on the state’s high court could be counted, but it left open the possibility of…
ABOARD AIR FORCE ONE – President Donald Trump, when asked about a Salvadoran man deported from the United States in error, on Friday told reporters that he would follow what the Supreme Court said, a day after the top court…
SAN FRANCISCO – A dozen former OpenAI employees filed a legal brief on Friday backing co-founder Elon Musk’s lawsuit aimed at keeping the non-profit status of OpenAI, marking the latest development in the dispute over the future of the artificial…
President Donald Trump’s administration cannot cut off Maine’s federal school lunch funding over the state’s refusal to ban transgender women from sports, a federal judge ruled on Friday. U.S. District Judge John Woodcock Jr. did not weigh in on the…
TAIPEI – Taiwan’s top financial regulator said on Saturday it would extend temporary curbs on short-selling for another week to ensure market stability after U.S. tariffs unleashed turmoil, adding that the restrictions had been helpful. The stock market in Taiwan…
The United States has excluded certain electronics like smartphones and computers from President Donald Trump’s reciprocal tariffs, according to a list of items published by the U.S. Customs and Border Protection late Friday. The U.S. CBP listed some 20 products,…
SINGAPORE – Asian spot liquefied natural gas (LNG) prices slid its lowest in nearly a year this week, weighed by weak demand, high stocks and concerns of a global recession triggered by U.S. President Trump’s implementation of worldwide tariffs. The…
JERUSALEM – Israeli forces have completed the encirclement of Gaza’s Rafah, the military said on Saturday, part of an announced plan to seize more areas of the enclave, accompanied by large-scale evacuations of the population. The military has issued repeated…
ROME – Italy has no intention for now of using budget leeway allowed by the European Union to boost its defence spending, its economy minister said on Saturday, despite U.S. pressure to increase military expenditure. The European Commission has proposed…
BUENOS AIRES -Argentina is dismantling key parts of its years-long currency controls and loosening its grip on the peso, the central bank said on Friday, a major policy move for the South American nation ahead of a $20 billion IMF…
Meta Platforms will add former Republican official Dina Powell McCormick and fintech firm Stripe’s CEO Patrick Collison to its board, effective April 15, the social media company said on Friday. The Facebook parent said in a regulatory filing that it…
SINGAPORE – In just a week, the dollar has gone from a safe haven to investors’ whipping boy as U.S. President Donald Trump’s chaotic tariffs on friend and foe alike undermine decades of trust in the world’s reserve currency. The…
WASHINGTON -U.S. consumer sentiment deteriorated sharply in April and 12-month inflation expectations surged to the highest level since 1981 amid unease over escalating trade tensions. The University of Michigan Surveys of Consumers on Friday said its Consumer Sentiment Index dropped…
NEW YORK -Janus Henderson, which manages $379 billion in assets, is advising investors to cut stock holdings and buy more investment-grade sovereign bonds as tariffs threaten to slow global growth, its global head of its multi-asset strategy said. Janus Henderson…
GREENBELT, Maryland -A U.S. federal judge said on Friday it was “extremely troubling” that the Trump administration failed to comply with her court order to provide details on the status of a Maryland resident it illegally deported to El Salvador….
TAIPEI -Taiwan officials held their first tariff talks with U.S. officials on Friday, with both sides looking forward to further discussions soon, the island’s government said on Saturday. While Taiwan, a major semiconductor producer facing tariffs of 32%, complained they…
SEOUL/HANOI – When Samsung Electronics chairman Jay Y. Lee met Vietnam’s prime minister in July, he had a simple message to convey. “Vietnam’s success is Samsung’s success, and Vietnam’s development is Samsung’s development,” Lee told Pham Minh Chinh, pledging long-term…