Author: Press Room

Presidents usually do all they can to avoid recessions, so much so that they avoid even saying the word.But President Trump and his advisers in recent weeks have offered a very different message. Yes, a recession is possible, they have said. Maybe one wouldn’t even be that bad.Howard Lutnick, the commerce secretary, has said Mr. Trump’s policies are “worth it” even if they cause a recession. Scott Bessent, the Treasury secretary, has said the economy may need a “detox period” after becoming dependent on government spending. And Mr. Trump has said there will be a “period of transition” as his…

Interposed with photos of Donald Trump playing golf

Stay informed with free updatesSimply sign up to the UK financial regulation myFT Digest — delivered directly to your inbox.Rachel Reeves has promised to scrap “duplicative and unnecessary” reporting requirements for financial services companies by rewriting laws inherited from the EU.After a meeting with chief executives of UK fintech companies on Tuesday, the chancellor said the Treasury was working on legislation to ease the rules on how much data companies have to provide to the Financial Conduct Authority.The move comes as part of a wider initiative by the chancellor to streamline City regulation to boost capital markets. Financial services, which…

NewsFeedHundreds of people have been killed as Israel launched the most intense strikes on Gaza since the ceasefire began. Prime Minister Benjamin Netanyahu is accused of shattering the ceasefire. But why now? Soraya Lennie explains.Published On 18 Mar 202518 Mar 2025

Senate Minority Leader Chuck Schumer argued Tuesday that he remains the “best leader for the Senate” despite backlash from some Democrats over his decision to allow a Republican-led measure to advance, avoiding a government shutdown. “We have a lot of good people,” Schumer said on “CBS Mornings.” “But I am the best at winning Senate seats.”Schumer initially signaled last week that his caucus would fight back against a partisan measure to keep the government funded. But a day later, he reluctantly pledged to advance the continuing resolution, delivering one of the Democratic votes necessary to propel the measure to passage. The…

French police have evicted more than 400 migrants who had been squatting inside the Gaite Lyrique theatre in central Paris for more than three months.Officers began their operation shortly before 6am on Tuesday at the theatre, where hundreds of demonstrators had gathered to protest against the eviction.Since December 10, the migrants, including many unaccompanied minors, had occupied the concert and arts venue as part of their demands for shelter, leading the Gaite Lyrique management to suspend its operations on December 17.A large banner on the Gaite Lyrique read: “400 lives at risk, 80 jobs under threat”.”Shame, shame, shame to authorities…

NFL free agency 2025 will not rank among the most memorable in league history. There were few stunning address changes or jaw-dropping, bank-breaking contracts handed out.Yes, backup quarterbacks found themselves in high demand. And some players managed to secure solid deals. But the more interesting — and seemingly impactful — moves of last week involved trades or contract extensions rather than unrestricted free-agent paydays.Still, some teams helped themselves while others made head-scratching decisions. And while the full picture of the biggest winners and losers of free agency won’t be complete until the quarterback carousel stops spinning, here’s how things look…

Pro-Israel influencer Zach Sage Fox once again found himself in enemy territory when he went undercover as an antisemite near Barnard College in New York City.While Fox did not go on campus, he had the opportunity to talk with several students in the area, and he told Fox News Digital that what he saw was “shocking.”In the video, which has garnered over 24,000 likes on Instagram, Fox got several students to be brutally honest about their thoughts on the ongoing Israel-Hamas war and Jews. He said it gives the public a look at what these students say, “without the keffiyehs…

The annual rate of inflation ticked up last month as a temporary “tax holiday” ended, Statistics Canada reported on Tuesday. Consumer prices in Canada went up to 2.6 per cent in February, up from 1.9 per cent the month before.StatCan said the end of the GST/HST break on Feb. 15 contributed “notable upward pressure to prices for eligible products.”For two months, the federal government removed the goods and services (GST) or harmonized sales tax (HST) on dozens of items, including certain groceries and restaurant meals.That tax break dipped restaurant food prices by 1.4 per cent year-over-year.But once the GST/HST was reapplied, “restaurant food prices contributed…

Almost two million people worked in the public sector as of 2022, according to the government, which announced this year that 100,000 people would be made redundant or offered early retirement as part of the bureaucratic reforms. Tra said so far more than 22,000 jobs had been cut, according to state-controlled news site VNExpress. This is a “real revolution in the entire political system”, she was quoted as saying. It is unclear if there will be further job cuts as part of the provincial mergers, or which provinces will be affected. Vietnam’s top leader To Lam, who last year became…