Author: Press Room

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Global investors are pulling their money out of south-east Asia as concerns mount over the region’s largest economies and many traders rotate back into Chinese equities.Indonesia and Thailand, the region’s two biggest economies, have seen foreign equity outflows in the year to date, while their stock markets have been some of the worst performing this year.Indonesian stocks fell to their lowest in four years this week — though they have since recovered some of the losses — while the rupiah is trading…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Thames Water faces a cash crunch with some of the utility’s own recent forecasts predicting it could have as little as £39mn left by month-end, as suppliers also step up their demands for prompt payment.The teetering water utility has agreed an emergency loan of up to £3bn from its senior creditors, but it cannot begin to access the money until at least early April. The dire cash projections stem from internal documents updated this month that suggest that, without the new loan, Thames…

Officials at agencies throughout the Department of Health and Human Services say they are bracing for steep layoffs, as Secretary Robert F. Kennedy Jr. and his aides are nearing their final decisions on a sweeping restructuring of the department.Decisions by Kennedy and his team on the changes to the department’s makeup and organization are expected within a week or two, multiple senior health officials have been told. One official said aides have begun drafting a reorganization announcement.The department did not respond to a request for comment. In addition to the formal head of the White House’s Department of Government Efficiency team,…

The sporting world are mourning the death of boxing icon and Olympic gold medallist George Foreman.Foreman’s family confirmed the 76-year-old died peacefully in his sleep on Friday.“Our hearts are broken. With profound sorrow, we announce the passing of our beloved George Edward Foreman Sr. who peacefully departed on March 21, 2025 surrounded by loved ones,” the statement said.“A devout preacher, a devoted husband, a loving father, and a proud grand and great grandfather, he lived a life marked by unwavering faith, humility, and purpose.”Foreman won gold in the heavyweight division at the 1968 Olympics before turning professional the following year.He…

“Am I going to be charged with what’s in my stomach?” Jaythan Gilder asked a Florida jail employee on Feb. 26.The answer, apparently, was yes.The next day, the authorities charged Mr. Gilder, 32, with first-degree grand theft and third-degree robbery with a mask. They say that he had stolen two pairs of diamond earrings worth a total of $769,500 from Tiffany & Company in Orlando — then swallowed them hours later as the police were about to arrest him.On Friday, the Orlando Police Department announced that it had recovered the earrings from Mr. Gilder, who spent more than 12 days…

A decision by the U.S. government to restrict Canadians’ access to a library in Quebec is raising questions about the border in B.C. For decades, Canadian visitors to the town of Stanstead, Que. had been able to walk across the border into Derby Line, Vt., to enter the Haskell Free Library and Opera House without having to cross a checkpoint or show a passport. That custom is now ending, the town said in a news release.This move has raised questions about potential new restrictions at the Peace Arch border crossing, where there have been a number of recent arrests related to human smuggling…

Thousands gather near Istanbul’s town hall in support of the city’s recently arrested mayor.Thousands of protesters have joined a march in Istanbul in support of the city’s arrested mayor, defying a warning from Turkish President Recep Tayyip Erdogan that authorities would crack down on “street terror”. Demonstrators took to the streets in Turkiye’s commercial hub on Friday for the third consecutive day to show their support for Ekrem Imamoglu – Erdogan’s chief political rival – who was arrested on Wednesday, days before he was due to announce his 2028 presidential run. Opposition leader Ozgur Ozel said more than 300,000 people…

Since President Trump’s first term, Brad S. Karp, the chairman of the law firm Paul, Weiss, Rifkind, Wharton & Garrison, championed himself as a bulwark against what he saw was an unlawful and unpredictable presidency.Mr. Karp, who has a long history of fund-raising for Democrats, sought to unite major law firms in “a call to arms” to fight Mr. Trump in court on issues like his administration’s policy of separating migrant children from their parents. He publicly said lawyers were obligated to defend the rule of law.He hosted a “Lawyers for Biden” fund-raiser in 2023, and one of his top…

Reader Markus Israng has written about the MyDriveHero app, which we wrote about last week.Markus writes: “I downloaded the app and have so far banked nearly $40. This is without premium, and I just let the ads go by. I sort of, turn off my brain to it.“What really bugs me is the inaccuracy of the speed limits. In a lot of places the speed limits are out and my overall safety score plummets. I have contacted them and was told that their speeds are adjusted every 40 days. A drive down to Busselton for example showed me speeding in…

Check out the companies making headlines in midday trading: Boeing , Lockheed Martin — Defense contractor Lockheed Martin sold off around 5.8% after Bloomberg News reported that President Donald Trump chose Boeing instead for a contract to create the next-generation fighter jet. Boeing shares surged about 3.1%. Nike — Shares tumbled 5.5% after the athletic retailer warned that sales would fall in the current quarter. That overshadowed a fiscal third-quarter report that exceeded expectations on both lines. Cleveland-Cliffs — The steel producer declined 1.2% after a report from the Minnesota Star Tribune said Cleveland-Cliffs would temporarily idle two factories, resulting…