Author: Press Room

Descrease article font size Increase article font size Calgary’s mayor says it’s a benefit to the community — but the constant conversation surrounding the city’s low-income transit pass causes too much uncertainty. Jeromy Farkas says he’s written a letter to the Alberta government, hoping to figure out a new way to fund the program.The low-income transit pass program uses a sliding scale system that assigns a purchase price based on income. The less an applicant earns, the less they will need to pay.Calgary offers three levels of discounts: 95 per cent, 65 per cent and 50 per cent. In 2025,…

Ukrainian President ‌Volodymyr Zelenskiy says prisoner swaps and a possible leaders’ ‌summit could be ⁠discussed during ​the next Russia-Ukraine peace talks.

Global markets and geopolitics remain tightly intertwined as tensions in the Middle East ripple across energy, technology, and financial markets.The Pentagon says the US is gaining ground in the Iran conflict even as fresh drone strikes raise regional risks.Saudi Aramco beat profit estimates but warned the war could disrupt oil exports.Meanwhile, SpaceX is weighing a blockbuster Nasdaq IPO, and Bitcoin has rebounded above $70,000 as easing oil prices revive risk appetite across global markets.US claims momentum in Iran warDefense Secretary Pete Hegseth declared Tuesday the “most concentrated day of strikes” yet in the US war on Iran, saying Tehran is…

Stay informed with free updatesSimply sign up to the Financial services myFT Digest — delivered directly to your inbox.Creditors to Market Financial Solutions, the UK mortgage provider that collapsed suddenly last month amid allegations of fraud, are facing an alleged shortfall of £1.3bn after discovering a network of borrowers seemingly tied to its owner, with more than a quarter of a billion pounds unaccounted for.Creditors alleged in court filings in London that eight companies that were supposedly “genuine borrowers” from MFS were in fact “closely connected” to the firm’s owner, Paresh Raja. These borrowers from MFS were placed into administration…

Check out some of the companies making the biggest moves midday: Hims & Hers Health — Shares of the telehealth company jumped 3%. Bank of America upgraded the stock to neutral from underperform after Novo Nordisk dropped its patent infringement case against Hims, and the companies agreed that Hims would sell Novo’s Ozempic and Wegovy drugs on its platform. Novo’s move to drop the case is “a clear positive in our view as it removes litigation and related credit risk — the primary driver of the new and higher multiple in our model,” wrote analyst Allen Lutz in a Tuesday…

US President Donald Trump has pledged the ‘free flow’ of energy through the strait, a goal that has yet to be accomplished.Listen to this article | 3 minsinfoUS Energy Secretary Chris Wright has posted, then deleted, a claim that the United States military provided protection for an oil tanker travelling through the Strait of Hormuz, a critical waterway for the global energy trade.On Tuesday, Wright sent out a social media post at 1:02pm US Eastern time (17:00 GMT) making the assertion. But within about a half hour, the post disappeared.Recommended Stories list of 3 itemsend of listMore than 20 percent of the…

NEWYou can now listen to Fox News articles! During the first year of President Donald Trump’s second term, U.S. Immigration and Customs Enforcement’s Enforcement and Removal Operations Houston arrested 414 illegal aliens charged or convicted for child sex offenses. The figure amounts to nearly twice as much as the 211 arrested during the final year of President Joe Biden’s tenure, according to a press release.”As a group, the arrested criminal illegal aliens accounted for 761 child sex offenses and 525 other criminal offenses ranging from homicide to robbery,” ICE noted in the release.The Trump administration has been working to crackdown on…

Tap dancing great Brenda Bufalino reflects on her career and the evolution of the art form – CBS News Watch CBS News American tap dancer Brenda Bufalino talks to CBS News chief medical correspondent Jon LaPook about the many ebbs and flows of the art form and reflects on her career.

NEWYou can now listen to Fox News articles! Israel’s Foreign Ministry praised members of Iran’s women’s national soccer team after they appeared to take a political stance by remaining silent during their country’s national anthem at the Women’s Asian Cup. The show of support comes as five players have secured asylum in Australia, while uncertainty surrounds the remaining 21 team members.In a message posted on X, Israel commended the women on their “courage,” adding that the “world is watching.”  Team Iran listens to national anthems before the AFC Women’s Asian Cup match against South Korea in Gold Coast, Australia, on…

The Perplexity app in the Apple App Store on a smartphone arranged in Washington, June 1, 2025.Stefani Reynolds | Bloomberg | Getty ImagesA federal judge temporarily blocked startup Perplexity from accessing Amazon’s site with its Comet artificial intelligence browser, according to court filings. Amazon sued Perplexity in November, alleging the startup took steps to “conceal” its AI agents so they could continue to scrape the online retailer’s website without its approval. Perplexity called the lawsuit, which was filed in U.S. District Court in the Northern District of California, a “bully tactic.” Perplexity’s Comet allows shoppers to ask the assistant to…