Author: Press Room

Stay informed with free updatesSimply sign up to the UK financial regulation myFT Digest — delivered directly to your inbox.The UK financial watchdog has announced plans to water down its rules on mortgage lending to make it faster and cheaper for people to get home loans, despite consumer groups warning of increased mis-selling risks.British lenders will be freed from having to provide formal advice or to carry out full affordability assessments when arranging mortgages for many customers, under plans outlined by the Financial Conduct Authority on Wednesday.“We want to make it easier, faster and cheaper for borrowers to make changes…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Millennium Management, one of the world’s largest hedge funds, is talking with Goldman Sachs’ Petershill Partners to identify potential buyers for a minority equity stake in Millennium’s management company, according to two people familiar with the situation.Buyers could include some of Millennium’s largest investors, the people added. Petershill, which is operated by Goldman, buys minority stakes in hedge funds and private equity firms. One of the people cautioned that Millennium might ultimately decide not to work with Petershill.Millennium and Petershill declined to…

AI chatbot “Debunk-Bot” challenges conspiracy theories in new study – CBS News Watch CBS News Thomas Costello of American University explains how a new AI chatbot reduced conspiracy thinking among users and what it could mean for the future of online truth-telling. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On

The signs inside Terminal B at LaGuardia Airport told the story on Wednesday morning: “Real ID, Enhanced, Passport” with an arrow pointing to the right, and “All Others” with an arrow pointing to the left.After years of warnings and postponements, “all others” are no longer enough to make it past airport security checkpoints. Travelers are now required to flash a federally compliant Real ID, a passport or another approved form of identification to board domestic flights.Deadline day started off calmly at LaGuardia, with many passengers arriving up to three hours early, heeding warnings of delays or complications from the Real…

NewsFeedFrench President Emmanuel Macron welcomes Syria’s interim President Ahmad al-Sharaa to Paris, in his first trip to Europe since taking office in January. Al-Sharaa will discuss post-war reconstruction and economic cooperation while France restates its support for a free and stable Syria.Published On 7 May 20257 May 2025

Washington — Senate Democrats are rebelling against a crypto regulation bill, putting the first-of-its-kind legislation in jeopardy ahead of a possible key vote on it later this week. The bill, known as the GENIUS Act, would create a regulatory framework for stablecoins, a type of cryptocurrency tied to the value of an asset like the U.S. dollar. It advanced out of the Senate Banking Committee in March with bipartisan backing, but has since bled Democratic support amid concerns about President Trump and his family’s business ventures involving cryptocurrency. The bill passed through the committee weeks before the announcement earlier this month that…

A half-dozen people, including a county judge, two City Council members and a former county election administrator, were indicted in Texas on Wednesday for “vote harvesting” and tampering with evidence, elevating Attorney General Ken Paxton’s charges of voter fraud by mostly Latino Democrats to a criminal level.The charges surprised Latino voting rights activists, who had insisted that a series of law enforcement raids on political operatives and voting organizers, some who were in their 70s and 80s, appeared to have been political. The raids last August by Mr. Paxton’s office were part of a sprawling voter fraud inquiry in Latino…

A new report prepared by City of Toronto staff is not ruling out a bridge to the Toronto Islands but notes that there are a number of constraints to the idea, including a price tag of at least $100 million. The report, which will be received by council on May 25, recommends that a task force be formed to solve the issue of transportation to the Islands, which see around 18,000 visitors per day on weekends and holidays through the summer.While the report does not have a final estimated cost of the bridge, it said staff research estimates $100 million…

WASHINGTON — The Federal Reserve on Wednesday held its key interest rate unchanged as it waits for the Trump administration’s trade policy to take shape and sees its impact on a sputtering economy.In a move that carried little suspense given the wave of uncertainty sweeping the political and economic landscape, the Federal Open Market Committee held its benchmark overnight borrowing rate in a range between 4.25%-4.5%, where it has been since December.The post-meeting statement noted the volatility and how that is factoring into policy decisions.”Uncertainty about the economic outlook has increased further,” the statement said. “The Committee is attentive to…

Maro Itoje is expected to be named captain of the British & Irish Lions team heading for Australia while a few Aussies themselves are hanging on anxiously waiting to learn whether they’ll also be heading home as part of the touring squad.The eagerly awaited announcement of the Lions’ squad to tour Australia in June, July and August will be made at the O2 arena in London in front of a crowd of around 2000 on Thursday with Englishman Itoje forecast widely to be appointed skipper of Andy Farrell’s squad.He would be the first English captain of the Lions since Martin…