Author: Press Room

Having municipalities cut development fees is a policy plank shared by both the Liberals and Conservatives to get more housing built, but Calgary’s mayor warns the move could do the opposite. Development fees are paid to municipalities by builders to help fund infrastructure like roads, sewers and electricity.If elected, the Conservatives announced the party would incentivize municipalities to cut those fees to make homes less costly to build, and reimburse cities and towns half of every dollar they cut in development levies.The Liberals, meanwhile, announced a proposal to cut municipal development charges in half for a period of five years,…

Hundreds of mourners gathered at a vigil for Audrey Griffin as reports emerged her alleged killer was found dead in his jail cell.

Stay informed with free updatesSimply sign up to the Mining myFT Digest — delivered directly to your inbox.Donald Trump has directed the US government to speed up permitting for deep-sea metals projects in an effort to kick-start the nascent industry and wrest control of critical mineral supply chains from China.The president on Thursday signed an executive order aimed at rapidly developing the exploitation of minerals deep below the ocean surface by expediting licensing, mapping the seabed and identifying opportunities for miners. “It will unleash America’s offshore critical minerals and resources,” said a senior administration official ahead of the signing. “[The…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Ken Moelis on Wednesday tried to put a brave face on what is going to be an ugly year for mergers and acquisitions. “Remember, there are no tariffs on relationships,” he said after his advisory shop Moelis & Co released its first-quarter results, with the likes of Lazard, Evercore and PJT set to share their earnings and outlooks in the coming days.These warm ties are not bringing in much in the way of business, at the moment. While revenue of $307mn jumped…

Chagee has positioned itself as a premium tea brand, with cultural sophistication at its core. Its collaborations reflect this – from co-branding with the Forbidden City Palace Museum to partnerships with designer Angel Chen at Shanghai Fashion Week 2024, and a Van Gogh-themed collection that combines fine art and tea culture.  It is also endorsed by Zheng Qinwen, Olympic gold medalist in tennis, aligning the brand closely with wellness and active lifestyle. These partnerships also reinforce its aspirational narrative to young, upwardly mobile consumers.  Luckin Coffee, by contrast, focuses on urban, youthful convenience. Its intellectual property (IP) partnerships – with…

NEWYou can now listen to Fox News articles! Nearly two weeks have passed since Tennessee head coach Josh Heupel announced Nico Iamaleava would not return to the Volunteers next season. Shortly after the announcement, the quarterback revealed he was transferring to UCLA for the 2025 season. The new Bruins quarterback now appears to have a potential backup he’s familiar with. Warren quarterback Madden Iamaleava is under pressure from St. Bonaventure’s Jacob Moraga as he fires a pass during the first quarter of the Seraphs’ 24-21 win in the CIF-SS Division III championship game Nov. 25, 2023, at Ventura High’s Larrabee Stadium. (Joe…

Pakistan has announced a series of retaliatory diplomatic moves against India and demanded evidence to back up the Indian government’s claims that Islamabad was involved in the Kashmir attack. Suspected rebels killed at least 26 people on Tuesday in the picturesque tourist resort of Pahalgam in the deadliest such attack in a quarter-century in Indian-administered Kashmir. A statement issued in the name of The Resistance Front (TRF), which is believed to be an offshoot of the Pakistani-based Lashkar-e-Taiba armed group, claimed responsibility for the attack. India’s Prime Minister Narendra Modi promised in a speech on Thursday to hunt the Pahalgam…

The Trump administration conceded on Thursday that Immigration and Customs Enforcement agents did not have a warrant when they detained Columbia University activist Mahmoud Khalil in March, acknowledging it was “a warrantless arrest.”Khalil’s attorneys are asking an immigration judge in Louisiana, where their client has been detained by ICE for weeks, to terminate his deportation case based on the fact that he was arrested without a warrant.The Department of Homeland Security, which oversees ICE, admitted in a court filing that immigration agents typically need warrants before arresting individuals. But it argued that Khalil was arrested without a warrant due to…

Check out the companies making headlines in after-hours trading. Alphabet – Shares of the Google-parent gained about 5% after its first-quarter results topped Wall Street’s expectations. Alphabet earned $2.81 per share on $90.23 billion in revenue for the quarter, while analysts surveyed by LSEG had expected $2.01 per share and $89.12 billion in revenue. Intel – The stock fell almost 6% after the company’s outlook for the current quarter disappointed investors. Intel is calling for revenue for the period to come in at $11.8 billion dollars at its midpoint, less than the average estimate among analysts of $12.82 billion, and…

A charity meant to help people stay off public assistance was the signature project of Florida’s popular first lady, Casey DeSantis. But over three years, it had managed to raise only about $2 million to help struggling families in Florida.Then last fall, a $10 million windfall suddenly arrived from an unlikely source: a Medicaid contractor embroiled in a case of overbilling.Within weeks, the money was gone — not to churches or other groups helping the needy. Instead, the Hope Florida Foundation quietly funneled it to two nonprofit political committees that helped Gov. Ron DeSantis and his allies defeat a November…