Author: Press Room

Stay informed with free updatesSimply sign up to the UK energy myFT Digest — delivered directly to your inbox.The UK could produce half of its projected demand for oil and gas domestically under the “right business conditions”, reducing an increasing reliance on more carbon-intensive imports, an industry body has said.Offshore Energies UK said the country is on track to produce 4bn barrels of oil and gas equivalent of the 13bn-15bn forecast for use by the independent Climate Change Committee, in line with the UK’s 2050 net zero emissions pathway.But the North Sea could produce another 2bn-3bn barrels if companies were…

Stay informed with free updatesSimply sign up to the UK financial regulation myFT Digest — delivered directly to your inbox.More than 100 pages of regulations covering consumer finance, investments and mortgage lending will be “retired” by the UK financial watchdog in response to calls from businesses and the government to streamline its rules.The Financial Conduct Authority said it would also withdraw hundreds of supervisory publications and review its “prescriptive disclosure rules” to give firms more flexibility in areas such as online transactions.The announcement, which is rare for a regulator better known for creating new rules than destroying them, came after…

President Trump on Monday announced that he is appointing longtime ally Alina Habba to be New Jersey’s top federal prosecutor. She has been a personal attorney to Mr. Trump for years, known for her pugnacious defense of him against the media and in courtrooms.Mr. Trump made the announcement on Truth Social, his social media site. He said that Habba, a counselor to the president who has not previously worked as a prosecutor, “will lead with the same diligence and conviction that has defined her career.”Habba has been at Mr. Trump’s side for four years, at first filing unique, combative lawsuits…

A Pennsylvania city employee has been arrested following a months-long investigation after she allegedly falsely reported finding a noose on her desk. During a news conference on Monday, the Allentown Police Department announced the arrest of city employee LaTarsha Brown, who police said made a report on Jan. 10, after she reported finding a noose on her desk when she arrived for work at City Hall. A criminal investigation was initiated following Brown’s report to identify the person responsible for placing the noose on her desk. During the investigation, police said video surveillance and building access control records were reviewed to identify city…

The painful toll of the province’s homelessness crisis is on full display just steps away from the Law Courts in Vancouver, where a man has been hovering over a small steam grate on the sidewalk for weeks. During Sunday’s pouring rain storm, the man was wrapped in soaking wet blankets while trying to stay warm atop the grate, which periodically vents steam on Nelson near Howe Streets in the city’s downtown core.A broken walker could be seen nearby. When asked if he was OK, the man nodded ‘Yes.’ 4:41 2025 homeless count set to begin in Metro Vancouver “It’s heart-wrenching,”…

Asian stocks have risen, taking cues from the Wall Street, as the prospect of narrower-than-feared US tariffs boosted risk appetite, while the dollar hovered near three-week highs after upbeat economic data provided some comfort.Investors have been focused on the impending reciprocal tariffs promised by US President Donald Trump and its impact on the global economy as trade war fears grip markets.Trump said on Monday automobile tariffs were coming soon even as he indicated that not all of his threatened levies would be imposed on April 2 and some countries may get breaks.That was enough for investors to send US stocks…

The United Nations announced on Monday that it would reduce its presence in Gaza by withdrawing about one-third of its international workers there, following repeated strikes of its facilities by Israel.Secretary General António Guterres said in a statement that the decision to reduce the organization’s footprint in Gaza was “difficult” at a time when humanitarian needs were soaring and as a resumption of Israeli attacks were killing hundreds of Palestinians, including women and children.The drawdown announced Monday would be the first time since the start of the Israeli-Hamas war in 2023 that the United Nations has reduced its work force…

The Trump administration told a federal judge on Monday night that it would not disclose any further information about two flights of Venezuelan migrants it sent to El Salvador this month despite a court order to turn back the planes, declaring that doing so would jeopardize state secrets.The move sharply escalated the growing conflict between the administration and the judge — and, by extension, the federal judiciary — in a case that legal experts fear is precipitating a constitutional crisis.For almost 10 days, the judge, James E. Boasberg of the Federal District Court in Washington, has been trying to get…

Miller Gardner, the 14-year-old son of former Yankee outfielder Brett, died of asphyxiation “after a possible intoxication after apparently ingesting some food,” a Costa Rica Judicial Investigative Agency official told NBC.Reports circulated earlier in the day that the family was vacationing in the Central American country last week when Miller fell ill and died. The State Department said in a statement to Fox News Digital that local officials were investigating a death that occurred on March 21 in Costa Rica — the same day Miller Gardner passed away. New York Yankees left fielder Brett Gardner (11) runs the bases after hitting…

Morgan Stanley’s Mike Wilson sees a meaningful rotation back into U.S. stocks, and he sees one beaten-up group as a winner.”It started out with a low-quality rally, which is what we expect – meaning a short squeeze,” the firm’s chief investment officer told CNBC’s “Fast Money” on Monday. “Then, what we noticed is the revision factors on the Mag Seven are actually starting to stabilize a bit. So, the last couple of days though stocks have acted better, and that can take the index higher. How high? 5,900. So, we’re almost there.”The major indexes had a notable start to the…