Author: Press Room

President Trump and Europe are clashing over tariffs, the war in Ukraine and the very purpose of the European Union’s existence. But they are also divided over free speech — with potentially far-reaching implications for how the digital world is regulated.The E.U. has been investigating U.S. companies under the Digital Services Act, a new law meant to prevent illegal content and disinformation from spreading online. In the first major case to near a conclusion, regulators as soon as this summer are expected to impose significant penalties — including a fine and demands for product changes — on Elon Musk’s social…

By Patrick Mooney, Ken Rosenthal and Sahadev SharmaCHICAGO —  At first glance, the post from an X user named @Brooks_Gate seemed like something a multibillion-dollar company would ignore.It consisted of a chart that used estimated data to illustrate the percentage of revenue spent on player payroll. Rather than sitting at the top with heavyweights like the Los Angeles Dodgers and New York Mets, the Chicago Cubs were lumped in near the bottom alongside the crosstown White Sox as well as the Pittsburgh Pirates, Tampa Bay Rays and Miami Marlins — the lightweight class.The Wrigley Field money-making machine drove the Cubs…

Secretary of State Marco Rubio said on Friday that Russia is running out of time to convince the Trump administration that it is serious about striking a peace deal with Ukraine and not just playing for time.Speaking in Brussels after a two-day gathering of NATO ministers, Mr. Rubio said that the United States was losing patience with “talks about talks” and hinted that Russia was in danger of facing more American sanctions.“We will know soon enough, in a matter of weeks, not months, whether Russia is serious about peace or not,” he told reporters. Members of Congress, he added, are…

Gov. Gavin Newsom of California is trying to get around President Trump’s tariffs to protect trade in a state with the world’s fifth-largest economy, asking his administration on Friday to pursue new international trade deals to exempt California products from any retaliatory tariffs.Mr. Newsom, a Democrat, called on foreign governments to exclude items made in California from any actions they take in response to the tariffs Mr. Trump announced this week.“Donald Trump’s tariffs do not represent all Americans, particularly those I represent here in the fifth largest economy in the world, the state of California,” Mr. Newsom said in a…

Descrease article font size Increase article font size A woman from Ottawa is facing dozens of charges in connection with a rental fraud investigation that left nearly 30 people out a total of $54,000, police say. Between Jan. 1 and Aug. 30, 2024, investigators allege the woman worked as a superintendent at an apartment building in the area of Sentinel Road and Finch Avenue West.During that time, police say she collected rent deposits by cash and e-transfer, from 28 people “who were looking to secure apartment rentals.” Get breaking National news For news impacting Canada and around the world, sign…

Cody Walker has hailed the bravery of Latrell Mitchell after the South Sydney superstar stood up in his NRL return and delivered a remarkable play to help the Rabbitohs claim a dramatic win.Leading an injury-ravaged team while filling in at five-eighth, Mitchell threw a daring 70th minute cutout ball to Bunnies winger Isaiah Tass to seal a 20-14 win over the Sydney Roosters on Friday.Souths coach Wayne Bennett ranked the victory, which gives the Redfern club a 4-1 start to 2025, as one of the greatest of a near 50-year coaching career.Bennett’s bold claim was as a result of the…

RECORD HIGH STARTUPS Uncle2 is among a surge of new businesses shaping Hong Kong’s entrepreneurship landscape.  Last year, the city saw 4,694 new startups, up 40 per cent from about 3,400 in 2020. These startups employed 17,651 workers, a 65 per cent jump from four years ago, according to a report by InvestHK, a government agency that helps businesses set up in Hong Kong.  Authorities have touted the city’s strategic location as a gateway to Asia, particularly mainland China, for the record number of startups.  Other key attractions for investors included a low tax rate, accessibility to funding and an…

The Japanese video game company Nintendo said on Friday that it would delay preorders for its new console, the Switch 2, in the United States because of the tariffs imposed by President Trump.The Switch 2’s price was unveiled as $450 this week. Its release date of June 5 remains unchanged, the company said.U.S. preorders were supposed to begin on Wednesday for the anticipated follow-up to the Switch, which has sold more than 150 million units, making it one of the most popular gaming consoles of all time.Nintendo said that it was delaying preorders “to assess the potential impact of tariffs…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A flight to quality has pushed yields on 10-year Treasuries below 4 per cent for the first time since Donald Trump won last year’s election, as investors look for havens from the market turmoil triggered by the US president’s tariff increases.Ten-year US Treasury yields fell 0.3 percentage points to 3.95 per cent on Friday as the price of the debt surged, putting them on track for their best week since August.Treasuries have rallied amid a sell-off in US stocks and the dollar,…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Klarna has paused plans to launch a long-awaited $15bn New York public listing because of market turbulence in the wake of US President Donald Trump’s wide-ranging tariff announcements.The Sweden-based “buy now, pay later” fintech was set to launch its so-called initial public offering roadshow with investors next week, but the sell-off in US stocks has put the plans on ice, said a person familiar with the plans.Klarna filed for an IPO with the US Securities and Exchange Commission last month, and though…