Author: Press Room

When President Trump announced last week that an additional 10 percent tariff on Chinese goods would take effect on Tuesday, Logan Vanghele immediately called the logistics company that was handling a $120,000 shipment of aquarium products for his small business.The cargo was on a ship en route to Boston from China. His message was clear: “Get this thing off the boat, please.”Company executives and foreign officials are scrambling to avert the consequences of another tight deadline from Mr. Trump, who has threatened to put stiff tariffs on goods coming in from China, Canada and Mexico starting just after midnight Tuesday.The…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Europe’s defence sector extended a blistering rally on Monday as investors raised their bets that governments across the continent will have to boost military spending and shoulder more of the burden for their security.Shares in Rheinmetall, Germany’s largest defence company, jumped 9.7 per cent, London-based BAE Systems was up 12.5 per cent in London and Leonardo climbed 9.6 per cent in Milan. Paris-listed Thales surged 10.8 per cent, while Sweden’s Saab was up 7.8 per cent. The Stoxx Europe aerospace and defence…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.There are some things in global finance which you really shouldn’t look at too closely if you value your sanity. Repo and money markets would definitely be one. But even the banking system’s funding arrangements are benign compared to the Lovecraftian horror of their IT outsourcing, because there’s no central bank to guarantee a happy ending. As one senior bank supervisor put it a few years ago, there is no such thing as a database provider of last resort.In other words, Hell…

Group sports terms that share a common thread.

Russell Vought, director of the Office of Management and Budget (OMB) nominee for US President Donald Trump, during a Senate Budget Committee confirmation hearing in Washington, DC, US, on Wednesday, Jan. 22, 2025. Al Drago | Bloomberg | Getty ImagesThe Consumer Financial Protection Bureau’s new leadership on Thursday dismissed at least four enforcement lawsuits undertaken by the previous administration’s director.In legal filings, the CFPB issued a notice of voluntary dismissal for cases involving Capital One; Berkshire Hathaway-owned Vanderbilt Mortgage & Finance; a Rocket Cos. unit called Rocket Homes Real Estate; and a loan servicer named Pennsylvania Higher Education Assistance Agency.”The Plaintiff,…

The United Nations’ human rights chief has sounded the alarm over a “fundamental shift in direction” by the United States under President Donald Trump.

CNA’s China correspondents unpack everything important about the country’s biggest annual political event.

Britain and France have promised to muster a “coalition of the willing” to secure a peace agreement between Ukraine and Russia. Now comes the acid test for Europe: How many countries will step up, and does that even matter, given Russia’s rejection of such a coalition as part of any settlement?Prime Minister Keir Starmer of Britain left those questions unanswered as he bade farewell to fellow leaders after a summit meeting in London on Sunday. He conceded that “not every nation will feel able to contribute,” though he expressed optimism that several would, and that this would send a signal…

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Mexico’s president offered a warning last month in response to news that the Trump administration planned to designate drug cartels as terrorist groups.“If they declare these criminal groups as terrorists, then we’ll have to expand our U.S. lawsuit,” Claudia Sheinbaum, Mexico’s president, said at a news conference.She was referring to an unusual lawsuit that will be heard by the Supreme Court on Tuesday in which Mexico argues U.S. gun manufacturers have aided in the trafficking of weapons used by the cartels.The case reverses longstanding complaints by President Trump that Mexican cartels have contributed to rising violence in the United States.…