Author: Press Room

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Julius Baer set out plans to cut another SFr130mn ($159mn) in costs as part of a strategic update aimed at restoring confidence in the Swiss bank after a string of scandals. The Zurich-based lender and wealth manager on Tuesday laid out the new target for 2028, as it seeks to engineer a turnaround under new management. It had already set a separate target of SFr 110mn of cuts to be achieved by the end of this year. Julius Baer said the new…

NGO urges Russian accountability for war crimes in targeting Ukrainians with drones.Russian forces have been using drones to hunt and attack civilians in Ukraine and continue to do so, according to Human Rights Watch (HRW). In a report released on Tuesday, HRW stated that the Russian military has repeatedly deployed unmanned drones to attack civilian targets in its more than three-year war with Ukraine. The NGO said that dozens of civilians have been killed and hundreds injured in violation of the laws of war. Referencing video from Russian drones and witnesses and survivors, the rights watchdog alleges that Russia has…

NEWYou can now listen to Fox News articles! Jeff Francoeur, in his own words, “know[s] baseball backwards and forwards.”A former first-round pick once dubbed “The Natural,” Francoeur is now an analyst for his former Atlanta Braves while doubling up as a dad to athletes.An expert of the game, it would be easy for him to take charge of his children’s ball games. But he wants to let his kids be kids.”Take the parents out of [youth sports] and the kids usually have a great time,” Francoeur told Fox News Digital in a recent interview. “I coach a 12U travel softball…

Miami — Two South Florida shark divers convicted of theft for freeing 19 sharks and a giant grouper from a fisherman’s longline several miles from shore have been pardoned by President Trump.Pardons for Tanner Mansell and John Moore Jr. were signed Wednesday. They had been convicted in 2022 of theft of property within special maritime jurisdiction. The two men avoided prison time but were ordered to pay $3,343.72 in restitution, and the felony convictions prevented them from voting in Florida, owning firearms and traveling freely outside the U.S. “We never stopped fighting, and justice has finally prevailed,” Moore’s attorney, Marc…

The Make America Healthy Again movement associated with Health Secretary Robert F. Kennedy Jr. is changing social media for parents. Emma Goldberg, a business writer covering societal change for The New York Times, talks with a mom about how MAHA ideas are resonating.

A popular Nova Scotia farm and museum that came under fire on social media last month over concerns around the animals’ welfare now says improvements have been made. Ross Farm Museum in New Ross, N.S., operates as a living heritage site — giving visitors a glimpse of what life was like in the 1800s.Its executive director, Marc Tassé, says it’s hard to balance its preservation with the installation of modern amenities.“We need to portray how things were done. How did things look 200 years ago? So that balance between history and modern standards has been something that we’ve been working…

West Australian soccer great Stan Lazaridis says the Socceroos’ World Cup qualifier at Optus Stadium on Thursday night has all the makings of a golden moment in Australian sport.

KARACHI: Over 200 prisoners escaped in the southern Pakistani city of Karachi late on Monday (Jun 2) after they were permitted to leave their cells following a series of earthquake tremors, local officials and police said. Hundreds of prisoners were allowed into the courtyard of the jail due to the tremors, Zia-ul-Hasan Lanjar, the provincial law minister, told reporters at the scene. “There was panic here because of earthquake tremors,” said Lanjar, adding that it was hard to control a throng of up to 1,000 people. The jailbreak began just before midnight on Monday and carried on till the early hours…

Check out the companies making headlines in midday trading: Tesla — Shares of the electric vehicle company dropped 3% after sales in May declined in several European markets. Reuters reported that Tesla suffered weaker sales in Sweden, France, Spain, Denmark and the Netherlands, but improved in Norway, boosted by the revamped Model Y. Advertising stocks — Advertising stocks were lower Monday following a report in The Wall Street Journal that Meta Platforms plans to use artificial intelligence to fully automate its ads by the end of the year. Shares of Omnicom Group lost 4%, while WPP and Interpublic shed 2%…

Over 200 inmates attacked guards and fled when tremors saw them removed from cells as safety precaution.More than 200 inmates have escaped from a prison in Pakistan after they were moved from their cells for safety amid earthquake tremors, officials have said. Several dozen of the prisoners that broke out of the jail in Karachi were quickly recaptured, police said on Tuesday, but at least 130 are understood to remain unaccounted for. Authorities added that raids are under way to apprehend those still at large. Of the 216 prisoners who had fled from Malir prison during the night, 78 had…