Author: Press Room

Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldUS oil production will fall next year for the first time since the Covid-19 pandemic, according to a government forecast that will cast new doubt on Donald Trump’s “energy dominance” agenda.The Energy Information Administration, a division of the energy department, on Tuesday said US oil production would drop from a record high of 13.5mn barrels a day now to about 13.3mn barrels by the end of next year, as slumping oil prices rattle the sector.“With fewer active drilling rigs, we…

Stay informed with free updatesSimply sign up to the US financial regulation myFT Digest — delivered directly to your inbox.The US and Switzerland have ended a years-long stalemate over sharing information about client investments, a step that will allow Washington greater visibility into assets held in the European banking hub. The agreement comes amid regulatory examinations of at least eight Swiss companies that do business through a US-regulated entity, said three people with knowledge of the matter. The US Securities and Exchange Commission’s examinations, which included smaller managers as well as larger investment group Vontobel, involved some on-site inspections in…

More than 180 people have been arrested after five days of protests against Donald Trump’s immigration crackdown in Los Angeles, as Marines arrive in the city.

It was the first in a series of celebrations of the Army anniversary involving Trump, ahead of a major parade in Washington on Saturday.Trump on Tuesday warned against demonstrations against that parade, telling reporters, “they’re going to be met with very big force”. The FBI and the Metropolitan Police Department have said there are no credible threats to the event.The week’s Army commemorations combine Trump’s penchant for patriotic pomp and his political positioning as a law-and-order president. Saturday’s celebrations in Washington include thousands of troops, dozens of military aircraft and coincide with Trump’s 79th birthday.The Army was established on Jun…

NEWYou can now listen to Fox News articles! Pete Rose may finally be inducted into the Baseball Hall of Fame in 2028.December 2027 is the first time MLB’s all-time hits leader will officially be considered for a plaque in Cooperstown after Major League Baseball announced last month that those on the game’s ineligible list are taken off after they die.The Hall ruled in 1991 that it would follow MLB’s ineligible list and not consider anyone on it. Now that Rose is off, he is eligible for induction through the Hall’s Classic Era Committee, which does not meet for another 2½…

Palestine are denied by late Oman penalty in a 1-1 draw that ends their dreams of a first FIFA World Cup appearance.Palestine’s historic Asian Football Confederation (AFC) qualifying campaign for the 2026 FIFA World Cup was ended by a late Oman penalty in a 1-1 draw in their final group game. Needing a win to reach the fourth round of the AFC qualifiers, Palestine led deep into five minutes of injury time through Oday Kharoub’s goal early in the second half. The scoreline would have been enough to propel Palestine past Oman into the fourth and final qualifying spot in…

The Justice Department has closed about half of its open investigations into bribery by U.S. businesses overseas, but plans to initiate prosecutions to more narrowly focus on misconduct that hurts the country’s capacity to compete with foreign companies, officials said on Tuesday.President Trump signed an executive order in February pausing all of the department’s investigations under the Foreign Corrupt Practices Act, pending a review of enforcement policies by Todd Blanche, the department’s No. 2 official.Good government groups criticized the freeze as the elimination of guardrails needed to prevent corporate abuses. The move coincided with the closing of investigations into the…

NEWYou can now listen to Fox News articles! Just days after violent, anti-ICE riots first rocked Los Angeles, federal immigration agents announced a major enforcement operation deporting 122 illegal aliens to China, many of them convicted of crimes including murder, rape, and drug trafficking.The June 3 deportation flight, led by U.S. Immigration and Customs Enforcement (ICE) in Dallas, was part of a nationwide push to protect American communities and restore law and order. According to an official ICE press release, the group included 96 men and 26 women, ranging in age from 19 to 68. All had final orders of removal…

Conservative Leader Pierre Poilievre says the Canadian population has grown out of control and is calling on the Liberal government to further reduce immigration. “We want severe limits on population growth to reverse the damage the Liberals did to our system,” Poilievre said during a press conference Tuesday in the foyer of the House of Commons.“The population has been growing out of control, our border has been left wide open. This has caused the free flow of drugs, illegal migration, human trafficking and much worse.”Poilievre did not take followup questions from reporters on what he meant by “severe limits on…

BlackRock CEO Larry Fink has sent a clear message to investors: The world’s largest asset manager’s smallest acquisition last year could end up its most consequential. During an industry conference in March, the longtime executive said BlackRock’s $3.2 billion purchase of alternative assets data provider Preqin — the smallest of its three private-market deals announced in 2024 — is “probably the most significant thing we have done in terms of expanding the profile of private markets.” It could be a big deal for investors, too. For starters, Preqin can bring what BlackRock currently does best — offer investors index products…