Author: Press Room

Trump pushes for tariffs on international film shoots – CBS News Watch CBS News As more major films are shot overseas, President Trump proposes a 100% tariff on internationally produced movies. Industry expert Alexis Alexanian joins “CBS Mornings Plus” to break down the potential impact. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On

Muridke, Pakistan – The roof of the building sagged dangerously, sunlight peeked through a hole, while the ground below was littered with debris, and the doors of the rooms had been blown in by the blast. This was India’s message to Pakistan, the outcome of one of a series of missile strikes launched in the early hours of May 7 as retribution for the deadly attack on tourists in Pahalgam, Indian-administered Kashmir, on April 22, in which 26 people were killed. India blamed Pakistan for that attack, but Islamabad has denied any involvement. The Indian strike on Muridke was a…

President Donald Trump congratulated the new Pope Leo XIV after he was selected Thursday, noting it is “a great honor” for the United States that an American-born Cardinal was selected to be Francis’ successor. “Congratulations to Cardinal Robert Francis Prevost, who was just named Pope. It is such an honor to realize that he is the first American Pope,” Trump said on his Truth Social platform shortly after white smoke emerged from the Vatican indicating the conclave had come to a decision on who will lead the Catholic Church. “It is such an honor to realize that he is the first American…

President Trump said Britain had agreed to increase market access for billions of dollars of American exports, including beef, ethanol and other farm products under a new trade deal — but left many of the details to be worked out later.The agreement — promoted by Mr. Trump as the first of many that will result from his efforts to blow up the global trading system — appeared to be more of a framework than a full trade deal. Both sides agreed to drop tariffs on specific products and made general agreements in other areas, but officials from both governments will…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.It’s easy to be cynical about share buybacks, which is why we often are. Regular readers should know the debate by now. Buybacks can lower a company’s cost of capital and might be read as a signal of discipline around spending, but just as often they expose management’s poor grasp of fair value while triggering selling by passive investors. Mechanical increases to earnings per share shouldn’t change a company’s fundamental valuation, but they can be useful for hitting bonus targets that print…

The Trump administration had a clear message to the thousands of financiers and investors gathered in Beverly Hills this week for their annual pilgrimage to the Milken Institute’s conference: keep calm, we have a plan.Between private drinks, a dinner for some of the world’s biggest money managers at a swanky Los Angeles restaurant, and the main ballroom at the conference, US Treasury secretary Scott Bessent tried to hammer home to investors that the president and his team had a playbook to jump-start growth and strike new deals with the country’s most important trading partners.The full-court press by Bessent underscored the…

Bill Gates wants to share all of his good fortune — literally. The billionaire businessman and philanthropist revealed exclusively to “CBS Mornings” on Thursday that he will give away virtually all of his wealth over the next 20 years through the Gates Foundation. He says a total of $200 billion will go toward causes that will help save and improve lives around the world. “By deciding to spend all this money in the next 20 years, we can get a lot more done,” Gates said in an interview taped last week, days before he announced the initiative. He’s confident the money will…

New York City is expected to welcome 400,000 fewer tourists this year than it did in 2024, a decline primarily driven by negative sentiment toward the United States among foreign travelers who have reconsidered their vacations.The city’s tourism agency, New York City Tourism and Conventions, had entered 2025 with optimism after the coronavirus pandemic disrupted travel five years ago and had projected a full recovery this year with a record number of visitors.But the agency has now twice revised downward its initial forecast of 67.6 million visitors — international and domestic — since President Trump declared a trade war on…

The Trump administration on Thursday asked the Supreme Court to allow it to proceed with a plan to revoke deportation protections for migrants from four troubled countries.In an emergency application to the justices, Solicitor General D. John Sauer asked the justices to lift a block imposed by a lower court on its effort to reverse a Biden administration program that had allowed migrants from certain countries to fly into the United States and remain temporarily.“This court’s immediate intervention is warranted,” Mr. Sauer wrote in the application, adding that a lower court had “nullified one of the administration’s most consequential immigration…

The debate around cohabitation continues following the tabling of Bill 103 by the Coalition Avenir Québec (CAQ) government this week, which aims to limit the distance between supervised drug consumption sites from schools and daycares. “It does nothing to address the needs of the children of our community,” Montreal’s St. Henri neighborhood resident Michael MacKenzie told Global News, though he agrees with what the proposed legislation is trying to achieve.The bill requires such facilities to be at least 150 metres away from schools and daycares, and follows complaints from some St. Henri residents after the Benoit Labre housing complex opened…