Author: Press Room

The Trump administration is considering a deal that could send hundreds of thousands of U.S.-designed artificial intelligence chips to G42, an Emirati A.I. firm that the U.S. government has scrutinized in the past for its ties to China, three people familiar with the discussions said.The negotiations, which are ongoing, highlight a major shift in U.S. tech policy ahead of President Trump’s visit to the Persian Gulf states this week. The talks have also created tension inside the Trump administration between tech- and business-minded leaders who want to close a deal before Mr. Trump’s trip and national security officials who worry…

US stocks notched one of their biggest jumps in recent years, as the de-escalation of tariff tensions between the US and China sparked a strong rally for risky assets.The S&P 500 closed 3.3 per cent higher on Monday. That was its biggest jump since April 9, but also ranked as its third-biggest one-day gain of the past five years.Consumer cyclicals, energy stocks and financials among the best performers in Wall Street’s benchmark index after the world’s two largest economies agreed to drastically scale back tariffs for 90 days. The tech-heavy Nasdaq Composite closed 4.3 per cent higher, ranking as its fourth-biggest…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The rise of remote working is transforming office markets, but not in the way investors might have expected. During the coronavirus pandemic, stark images of desolate city centres prompted warnings of a hollowing out, with traditional business districts empty while employees worked from home or from smaller local satellite offices. Five years on, the opposite is happening in cities like London: demand for prime central offices is surging, while those on the outskirts — or even just the slightly off-centre — are struggling. If…

Police are investigating an overnight fire at the London house where Prime Minister Keir Starmer lived before he was elected to lead the United Kingdom.Since taking office in July, Starmer has lived in the prime minister’s official Downing Street residence, renting out the family home in the Kentish Town neighbourhood.London’s Metropolitan Police force said that counterterrorism officers were involved in the investigation.Firefighters were called to “a small fire” just after 1am, the city’s fire department said.Two engines responded and the blaze was out within a half-hour.Police said that officers who responded to the scene found damage “to the property’s entrance”…

Militants have stepped up operations in Kashmir since 2019, when Indian Prime Minister Narendra Modi’s Hindu nationalist government revoked the region’s limited autonomy and took it under direct rule from New Delhi.Divided Muslim-majority Kashmir is claimed in full by both countries, which have fought several wars over the territory since their independence from Britain in 1947.Senior officers from Pakistan and India were reported to have spoken on Monday in order to further secure the ceasefire.Abdul Basit at the S Rajaratnam School of International Studies in Singapore said it would be about modalities of the ceasefire and not policy decisions.The aim…

NEWYou can now listen to Fox News articles! Trey Hendrickson is more than open to staying in Cincinnati, but it seems like the Bengals are forcing him out the door.The edge rusher, who led the NFL in sacks this past season, has been critical of his organization recently, but the scathing statement he released on Monday gave a peek behind the curtain.Back in March, the Bengals gave Hendrickson permission to seek a trade – last month, he said the communication from them had been “poor.” Trey Hendrickson of the Bengals takes a defensive stance against the Minnesota Vikings at Paycor…

In the four years since its first flight, Avelo Airlines has gained loyal customers by serving smaller cities like New Haven, Conn., and Burbank, Calif.Now, it has a new, very different line of business. It is running deportation flights for the Trump administration.Despite weeks of protests from customers and elected officials, Avelo’s first flight for Immigrations and Customs Enforcement appears to have departed on Monday morning from Mesa, Ariz., according to data from the flight-tracking services FlightAware and Flightradar24.The tracking services show that the plane arrived in the early afternoon at Alexandria International Airport in Louisiana, one of five locations…

The Department of Justice’s second-in-command can add “librarian” to his résumé. Todd Blanche has been appointed acting Librarian of Congress, the Justice Department confirmed Monday.Blanche is President Trump’s former personal criminal attorney. It is unclear if the career lawyer has previously done work involving the Dewey Decimal System (or the Library of Congress Classification system).Two other Justice Department officials have also added Library of Congress positions to their portfolios.Associate Deputy Attorney General Paul Perkins has been assigned acting register of copyrights, and Blanche’s deputy chief of staff Brian Nieves was appointed acting deputy librarian of Congress.The three lawyers have been…

House Republicans face a fundamental problem as they reach a critical phase in crafting their “one big, beautiful bill” to enact President Trump’s agenda. They want to slice deeply into federal programs without acknowledging that they are doing any meaningful damage to their constituents or states.This vexing situation arises from the natural tension between the conservative determination to roll back federal spending and the tendency of politicians to want to keep their jobs. Doing the former can work against the latter.That explains the verbal gymnastics that Republicans are performing this week to assert that their legislation would not really take…

By Staff The Canadian Press Posted May 12, 2025 2:48 pm 1 min read Descrease article font size Increase article font size A judicial recount is underway in a rural Newfoundland riding where the Liberals finished with a 12-vote lead. The recount in the Terra Nova—The Peninsulas riding in central Newfoundland is one of four that Elections Canada ordered after last month’s federal election.Three of those recounts were automatically triggered because the winning margin was less than one one-thousandth of the valid votes cast in the riding. 2:11 Recount sees Liberals take Quebec riding of Terrebonne by single vote In…