Author: Press Room

EXCLUSIVE: New York Attorney General Letitia James, who became President Donald Trump’s nemesis after accusing him of mortgage fraud, is now battling the very same allegations, and her chief tormentor is a legendary scam artist who says he knows a crook when he sees one.Sam Antar, who kept the books for his cousin, “Crazy Eddie” Antar, while he built a New York-area consumer electronics empire, helped his late relative skim cash and inflate the value of their company before leaving investors high and dry in the late 1980s. He says he knows every trick in the fraud book and smells…

Australian rookie Karl Vilips has again underlined his great potential as Americans Andrew Novak and Ben Griffin triumphed in the PGA Tour’s Zurich Classic of New Orleans teams event.Novak and Griffin secured maiden tour wins as they shot a final-round one-under-par 71 in alternate-shot play for a one-stroke victory at TPC Louisiana on Sunday, with Novak making quick amends for his playoff loss to Justin Thomas a week earlier.Danish twins Nicolai and Rasmus Hojgaard (68) came second with Jake Knapp and Frankie Capan III (70) third at 26 under.Already a tour winner at the Puerto Rico Open last month, 23-year-old…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A mining start-up backed by Bill Gates and Jeff Bezos is expanding into the Democratic Republic of Congo, in a bet that the resource-rich nation will be crucial to US efforts to compete with China for minerals that are needed for the energy transition.KoBold Metals, which deploys artificial intelligence to identify untapped mineral deposits, was betting “big” on DR Congo, said Benjamin Katabuka, its newly appointed director-general in the country. The company would recruit staff in the country and planned to apply…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Justin Lafazan is the chief executive of Soulpower, a special-purpose acquisition company that launched on the New York Stock Exchange earlier this month.In an S-1 filing ahead of its initial public offering, which raised $250mn, the group said:We currently intend to concentrate our efforts on identifying businesses operating within the category of insurance services, retirement savings, and other related financial services. While we may pursue a business combination outside of that industry, we believe our focus best combines the expertise and experience…

At first, no one found it suspicious that the black Audi SUV had gone around a portable barrier into a street packed with festivalgoers lining up at food trucks and checking out artisans’ wares.It was about 8 p.m. Saturday, and Apl.de.ap, a Filipino American rapper and a founding member of the Black Eyed Peas, had finished a concert that was the signature event of the Lapu Lapu Festival organized by the Filipino community in Vancouver, British Columbia.At first the large SUV crawled through the crowd, and Kris Pangilinan, who was selling clothing at a booth, assumed that it had been…

Two people were arrested this weekend in connection with the Easter Sunday theft of Homeland Security Secretary Kristi Noem’s purse, authorities confirmed Sunday. The first suspect was arrested in Washington, D.C., on Saturday, according to the U.S. Secret Service. Noem said Sunday that the man was in the country illegally. She called the suspect a “career criminal,” but did not specify any more details about the individual’s immigration status. Mario Bustamante Leiva, 49, has been arrested and charged with two counts of robbery. He also faces additional charges for an offense being investigated by the United States Secret Service, authorities said.Matt McCool,…

U.S. brands are rapidly losing their appeal in China as locals increasingly prefer competitive homegrown players, especially as economic growth slows, according to a TD Cowen survey released Thursday. While overall preference for Western brands dropped to 9%, down from 14% last year, certain American companies face higher risks than others, the report said, citing in-person interviews of 2,000 consumers with varied income levels in larger Chinese cities. TD Cowen partnered with an unnamed Beijing-based advisory firm to conduct the survey in February 2025, following a similar study in May 2024. The analysts see Apple ranking among the better-positioned brands…

A member of the emergency medical services in Kansas City, Mo., died on Sunday after being stabbed by a patient who was being transported to a hospital in what officials said started out as a “routine medical call.”The patient stabbed the emergency worker, Graham Hoffman, a 29-year-old firefighter paramedic, in the chest, piercing his heart, city officials said in a news release.A suspect was in custody but had not been publicly identified. A motive for the attack was not immediately known.The episode began after Kansas City police officers were dispatched to a “routine medical call” early on Sunday to check…

Queensland’s controversial youth crime laws, which are about to be strengthened, have already prompted a slip in juvenile offending rates, the premier says.

Russia expert Anatol Lieven explores the options facing Ukraine, Russia and the US.The deal offered by the United States is an “unfortunate compromise” that should be accepted by Russia and Ukraine, argues Anatol Lieven, director of the Eurasia programme at the Quincy Institute for Responsible Statecraft. Lieven tells host Steve Clemons that Ukraine’s leaders should acknowledge that the Ukrainian territories occupied by Russia over the past years are lost. He adds that Russia – by accepting a ceasefire on current battle lines – has “given up” on trying to occupy all the territory of Ukraine it had hoped for. Meanwhile,…