Author: Press Room

Washington — The House is moving forward on President Trump’s “one, big beautiful bill,” as three committees on Wednesday voted to advance some of the most contentious parts of the major budget package aimed at addressing the president’s defense, energy and tax priorities. The Ways and Means, Energy and Commerce and Agriculture committees met Tuesday and Wednesday to debate and vote on their proposals as Republicans remained divided on a number of major issues — from Medicaid to tax cuts. Ways and Means faces SALT conflictAfter a nearly 18-hour markup, the Ways and Means panel, which is responsible for the tax portions…

In this photo illustration, a Foxconn logo is seen displayed on a smartphone.Sopa Images | Lightrocket | Getty ImagesFoxconn, the world’s largest contract electronics manufacturer, has received approval from the Indian government to build a semiconductor plant in a joint venture with HCL Group, drawing an investment of 37.06 billion rupees ($433 million). The plant, which will be built in India’s northern state of Uttar Pradesh, will be operational by 2027, Ashwini Vaishnaw, India’s information minister, said in a cabinet briefing on Wednesday. Vaishnaw said the facility will manufacture Foxconn’s display driver chips, which are used in mobile phones, laptops, automobiles, PCs,…

Shao Chun Chen moved to Chiang Mai, Thailand, in late 2024.Courtesy of Shao Chun ChenShao Chun Chen used to work more than 40 hours a week in his corporate career in Singapore. Now, he has a three-hour-a-week job that sustains his and his family’s life in Thailand.The 39-year-old grew up in Singapore and spent most of his life in the city-state before moving to Chiang Mai, Thailand, with his wife in November 2024. Today, he “supercommutes” from Thailand to Singapore, flying over 1,200 miles once a week to work as an adjunct lecturer at the National University of Singapore.He says…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Italian energy major Eni said it was in exclusive talks to sell 20 per cent of Plenitude, its renewable power and electric vehicle charging business, to Ares Capital Management in a deal that would give the unit an enterprise value of more than €12bn. While other oil majors have been pulling back from low-carbon investment, the potential deal highlights Eni’s ability to extract value by bundling together its green investments together with cash generative assets and then selling stakes to private equity firms. Plenitude…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.HSBC and JPMorgan both have a problem with their “return to office” strategies. Having downsized their real estate footprints during the pandemic, they don’t actually have enough office space for the employees to return to.  JPM’s big campus in Columbus, Ohio, now operates a “park and ride” scheme because there isn’t enough parking if all the desks are occupied. There’s been talk of fights over ergonomic chairs. And at HSBC’s new London office, the current estimate is that there are 7,700 fewer…

Join Fox News for access to this content Plus special access to select articles and other premium content with your account – free of charge. By entering your email and pushing continue, you are agreeing to Fox News’ Terms of Use and Privacy Policy, which includes our Notice of Financial Incentive. Please enter a valid email address. Having trouble? Click here. Crime rates aboard cruise ships leaving the U.S. have reached a two-year high, and one expert says this creates a “dark cloud” for travelers.According to data from the Department of Transportation, allegations of 48 crimes were reported onboard cruise…

Australia and Indonesia have renewed their ties and pledged to pursue closer defence and economic relationships as their leaders vowed to remain ‘good neighbours’.

HONG KONG: Unfounded online rumours warning that a huge earthquake will soon strike Japan are taking a toll on travel firms and airlines, with them reporting less demand from worried Hong Kongers. People from Hong Kong made nearly 2.7 million trips to Japan in 2024. Although it is impossible to know exactly when earthquakes will hit, fear-inducing predictions have spread widely among the city’s residents. Some false posts cite a Japanese manga comic, republished in 2021, which predicts a major natural disaster in July 2025, based on the author’s dream. Other posts give different dates, while a Facebook group that…

Julius Randle scored 29 points on 13-for-18 shooting, and the Minnesota Timberwolves held on for a 121-110 win over the Golden State Warriors to clinch their Western Conference second-round playoff series in Minneapolis. Anthony Edwards finished with 22 points and 12 assists for Minnesota, which won the best-of-seven series in five games. The Timberwolves advanced to the conference finals, where they will await the winner of the series between the Oklahoma City Thunder and the Denver Nuggets. “It’s great,” Randle said on Wednesday night. “We’ve had a season full of adversity. Coach (Chris Finch) said at the end of the…

Missouri’s near-complete abortion ban could possibly return if a new ballot measure just passed by the state legislature gets approval from voters.The GOP-controlled Missouri Senate passed a proposed constitutional amendment Thursday, which would repeal an earlier constitutional amendment passed by voters last year that enshrined abortion protections in the state’s constitution. Democrats sought to fillibuster the move Wednesday, but Republicans used procedural rules to get around it, according to The Associated Press.The proposed amendment, which passed in Missouri’s GOP-controlled House last month, would go on the state’s ballots in Missouri’s 2026 general election. However, the amendment could be voted on sooner…