Author: Press Room

Optimism in the global business travel sector has dropped by more than half this year, according to a report published by the Global Business Travel Association.Positive sentiment fell from 67% in November 2024 to 31% in April 2025, according to the report which surveyed more than 900 business travel professionals on the affect of tariffs, tightened border policies and other U.S. government policies announced this year.More than one in four respondents in Canada, the United States and Europe said they felt “pessimistic” or “very pessimistic” about industry outlook this year.However, 40% of those surveyed said they felt neither positive nor…

The U.S. and Chinese flags are seen on the day of a bilateral meeting between the U.S. and China, in Geneva, Switzerland, May 10, 2025. Keystone/eda/martial Trezzini | Via ReutersBEIJING — U.S.-China trade talks “are a bit stalled,” requiring the two countries’ leaders to speak directly, Treasury Secretary Scott Bessent told Fox News in an interview Thursday local time.”I believe that we will be having more talks with them in the next few weeks,” he said, adding that there may be a call between the two countries’ leaders “at some point.”After a rapid escalation in trade tensions last month, Bessent…

NEWYou can now listen to Fox News articles! The University of Texas at Austin’s athletic department has long been heralded for its access to seemingly unmatched financial resources. The Texas Longhorns football program maintains arguably some of the best — if not the top — amenities in the nation.Since the advent of name, image and likeness (NIL), there has been a noticeable uptick in the amount of financial resources programs across the U.S. have allocated to football, basketball and other sports. Ohio State reportedly built one of the country’s most expensive rosters en route to January’s national championship. Some have asserted Texas’ spending…

Australians are still not spending despite back-to-back public holidays in April, official figures show.The latest figures by the Australian Bureau of Statistics shows retail sales fell by 0.1 per cent in the month of April despite having two holidays.This follows growth of 0.3 per cent in March 2025 and 0.2 per cent in February 2025.Food-related spending was up, with growth in cafes, restaurants and takeway services growing 1.1 per cent to be the standout.ABS head of business statistics Robert Ewing said retail spending eased in April, particluarly on clothing.“Falls were partly offset by a bounce-back in Queensland as businesses recovered…

NEW YORK: Former Goldman Sachs banker Tim Leissner was sentenced to two years in prison by a judge in a New York court on Thursday (May 29) after playing a key role in a multi-billion dollar scandal involving Malaysia’s sovereign fund 1MDB. Malaysian and US authorities estimated US$4.5 billion was stolen from 1MDB in an elaborate scheme that spanned the globe and implicated high-level officials in the fund, former Malaysian Prime Minister Najib Razak, Goldman executives and others. Leissner, a former Southeast Asia chairman for Goldman, pleaded guilty in 2018 to a conspiracy to violate the Foreign Corrupt Practices Act…

A ceasefire proposal with Israel tabled by the administration of United States President Donald Trump is “still under discussion” by Hamas, but in its current form will only result in “the continuation of killing and famine” in Gaza, an official from the Palestinian group has said. White House Press Secretary Karoline Leavitt said on Thursday that Israel had “signed off” on the ceasefire proposal, and the Trump administration’s Middle East envoy, Steve Witkoff, had submitted it to Hamas for consideration. Hamas political bureau member Basem Naim told the Reuters news agency that the deal “does not meet any of our…

The Trump administration is shaking up Immigration and Customs Enforcement leadership amid continued frustrations within the White House about the level of immigration arrests and deportations conducted by the agency, officials announced Thursday.Kenneth Genalo will no longer lead Enforcement and Removal Operations, the ICE branch tasked with carrying out arrests and deportations. Genalo, a longtime ICE official, is retiring and plans to advise agency leaders as a special government employee, officials said.ERO has been spearheading the Trump administration’s aggressive and government-wide campaign to ramp up efforts to locate, arrest and deport unauthorized migrants across the country.Meanwhile, Robert Hammer, the head…

Bernie Kerik, the former New York City police commissioner who was hailed as a hero after 9/11, has died at 69 years old.His death was announced by FBI Director Kash Patel on Thursday night, who wrote that Kerik “passed away after a private battle with illness.””Rest easy, Commissioner. Your watch has ended, but your impact will never fade,” Patel wrote.Kerik’s rise to national prominence came during the September 11, 2001, terrorist attacks, where he became a steady figure alongside then-Mayor Rudy Giuliani. KASH PATEL FLIPS SCRIPT ON DEM SENATOR AFTER BEING GRILLED ON J6 PARDONS: ‘BRUTAL REALITY CHECK’ Former New York…

The City of Edmonton is marking a milestone for transit in the city on Thursday, putting shovels in the ground for the Capital Line LRT south extension. It comes as the city deals with a growing population.Edmonton transit users at Century Park, like Penelope Siame, are eagerly awaiting the expansion of the transit system.“I live in Allard, which is quite far (south), so it really takes a long time to get to school and get home,” said Siame.Other transit users like Isabel Luzio say taking multiple buses can make for a long commute.“It would definitely make it easier. Currently, it’s…

US President Donald Trump has praised Elon Musk and says he will hold a press conference with the tech billionaire, whose tenure in the administration ended.”This will be his last day, but not really, because he will, always, be with us, helping all the way,” Trump said in a post on Truth Social. “Elon is terrific!”The president said the press conference will be held in the Oval Office on Friday.Musk announced he was stepping down from his White House stint on Wednesday, giving Tesla investors some succour after shares slumped this year in part due to the backlash to his…