Author: Press Room

Former Vice President Kamala Harris will deliver her first major remarks since leaving the White House at the Emerge gala Wednesday in San Francisco — but those who want to virtually stream her speech will have to pay a fee. Emerge, a training organization that seeks to prepare Democratic women to run for office, is charging $25 for viewers to gain access to the virtual livestream of the organization’s 20th anniversary gala. Other package options include a $100 fee for young professionals and a $250 general admission ticket. A spokesperson for Harris confirmed she would deliver remarks at the Emerge gala and…

Police in New York City are investigating a shooting in Times Square, a gun-free zone, on Wednesday morning that left one man injured.Police say they received a 911 call for shots fired at 4:49 a.m. at 47th and 7th Ave. A 29-year-old male was shot in the right arm, and he was transported to Bellevue Hospital conscious and alert. Police have yet to establish a motive for the incident.The shooting took place after a group of young people got into an argument with several food vendors. The group then disengaged and crossed the street before one of their number turned…

The first 100 days of President Trump’s second term have been a whirlwind of action, with the imposition of steep tariffs worldwide, the detention of immigrants and deep cuts to the federal work force.The New York Times has been talking with a group of voters who all cast their ballots in last November’s election with some trepidation. While they had expressed a range of hopes and concerns about the new administration, they have now seen enough to make some early judgments at the close of the first 100 days. (A recent Times/Siena College poll also found that majorities of voters,…

Deloitte’s latest economic outlook sees the pain of tariffs gathering pace in the months ahead as the short-term boost from companies front-loading activity fades. The firm says the uncertainty from trade policies, and the efforts by companies to get orders in before tariffs hit, mean a sharp drop in investment and rising unemployment.Deloitte Canada chief economist Dawn Desjardins says a modest downturn is ahead for Canada, while a loss of free-trade access to the United States would create a more permanent hit, reducing Canadian real GDP by around three per cent by 2030.The firm emphasizes how little clarity there is…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Shein is exploring ways to restructure its US business in the event the Trump administration sticks with punitive tariffs on Chinese imports, which have jeopardised its plans for a London stock market flotation. The fast-fashion company’s US business — which accounts for about one-third of its $38bn in annual revenue — will come under heavy strain when a tax exemption known as “de minimis” is closed this week. That will leave Shein, which ships orders directly from Chinese warehouses to shoppers’ homes,…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.There are plenty of places for investors to park their wealth, from bitcoin and cocoa futures to Tesco shares. But when the grid goes down — as it did in Spain this week — one little-loved asset suddenly regains its subtle charms. No portfolio should be without the humble bank note.Cash, as in the real crinkly kind rather than the conceptual accounting kind, has been locked in a decades-long battle for survival. A UK parliamentary committee report on Wednesday confirmed the long-term…

A Liberal Government would undertake “responsible” budget repair, shadow treasurer Angus Taylor will announce on Thursday, vowing to cut forecast national debt by $40 billion over the next four years.In a statement ahead of the release of the party’s election costings on Thursday, Mr Taylor said Labor had failed to rein in spending and prepare for leaner economic times, flagging the Coalition’s savings.As part of the savings, the Coalition has already committed to cutting $86 billion in spending, including the $20b Rewiring the Nation Fund and the $10b Housing Australia Future Fund.The release of the cost of the Coalition’s promises…

BANGKOK: Thailand’s central bank cut its key interest rate by a quarter point for a second consecutive meeting on Wednesday (Apr 30), in a move to support an underperforming economy facing uncertainty over steep US tariffs. The Bank of Thailand’s monetary policy committee voted 5-2 to reduce the one-day repurchase rate by 25 basis points to 1.75 per cent, the lowest level in two years. That followed a similar reduction at the previous meeting in February. The central bank on Wednesday cut its growth forecast for 2025 to 2.0 per cent, down from just above 2.5 per cent seen in…

DUBAI, United Arab Emirates — Eric Trump has a warning for banks: change the way you operate, or go extinct.”The modern financial system is broken, it’s slow, it’s expensive,” the executive vice president of the Trump Organization told CNBC’s Dan Murphy in Dubai while discussing the United Arab Emirates’ development as a cryptocurrency hub.”There’s nothing that can be done on blockchain that can’t be done better than the way that the current financial institutions are working. SWIFT is an absolute disaster,” Eric Trump said on Tuesday, referring to the global international messaging network for financial transactions.He lambasted what he described…

Mohsen Langarneshin was convicted of aiding Mossad operations for two years, including the killing of an IRGC colonel.Iran has executed a “senior spy” on charges of cooperating with Israel’s Mossad intelligence agency, its judiciary says. Mohsen Langarneshin, who was hanged on Wednesday morning, provided Mossad with extensive “logistical, technical and operational support” for two years, starting in 2020, the judiciary said via its official news agency, Mizan. One of the key accusations against Langarneshin was his involvement in the May 2022 killing of an Islamic Revolutionary Guard Corps (IRGC) colonel, Sayyad Khodai, who was shot dead by two motorcyclists on…