Author: Press Room

Germany’s economy will not grow for the third year in a row, the government said on Thursday, scaling back a previous prediction as President Trump’s tariffs bite into Europe’s largest economy, leaving it stagnant.In January, the German government had predicted 0.3 percent economic growth, but Mr. Trump’s tariffs of 25 percent on imported automobiles, steel and aluminum threaten to hit Germany’s export-oriented economy hard, as could the turbulence in the markets caused by the yo-yo nature of how the tariffs have been imposed.“The German economy, which is already suffering from weak foreign demand and reduced competitiveness, is particularly affected by…

Russia launched a huge attack on Kyiv early Thursday, killing at least eight people and injuring more than 60 others in the Ukrainian capital just hours after the Trump administration again lashed out at President Volodymyr Zelensky of Ukraine and threatened to abandon peace talks.The assault was the deadliest on the Ukrainian capital, Kyiv, since last summer. Explosions could be heard throughout the night; clouds of brown smoke rose over the city as the sun came up.One missile hit a two-story building with eight apartments where emergency workers hunted for survivors Thursday morning. A five-story building next door lost all…

Hudson’s Bay is expected to seek court permission today to auction off its art, artifacts and the 355-year-old royal charter that launched the company, which announced Wednesday it will liquidate all its remaining stores. The department store company, which is Canada’s oldest business, filed a notice of motion last week asking to separate the charter along with 1,700 pieces of art and more than 2,700 artifacts from an ongoing sales process.An auction “is the most transparent, fair and efficient approach to monetize the art collection while recognizing and protecting its cultural and historical significance,” the company said in the motion…

China isn’t negotiating with the United States over tariffs, Beijing says, as signs emerge that the Trump administration might de-escalate its trade war.

New Delhi suspended a water-sharing treaty, announced the closure of the main land border crossing with Pakistan, downgraded diplomatic ties and withdrew visas for Pakistanis on Wednesday night, just over 24 hours after gunmen killed 26 men in Indian-administered Kashmir. The slew of measures announced by the Pakistan government in response on Thursday included expelling Indian diplomats and cancelling visas for Indian nationals with the exception of Sikh pilgrims. Pakistan also warned that it would consider any attempt by India to stop the supply of water from the Indus River an “act of war and responded with full force across…

European allies of the United States have been trying to convince President Trump of the virtues of a shared approach toward ending the war in Ukraine, to enhance leverage on both Moscow and Kyiv and to preserve European security.But Mr. Trump and Vice President JD Vance insisted on Wednesday that a set of proposals that their administration presented to the Europeans and Ukraine last week was now a kind of ultimatum, with the United States increasingly prepared to walk away. European officials who saw those proposals as too favorable to Russia and President Vladimir V. Putin face a dilemma.If Mr.…

The U.S. Supreme Court will consider the establishment of the nation’s first religious charter school next week, a case that could have key implications for school choice across the country.A huge majority of states have implemented some form of school choice in recent years, but only a little more than a dozen have adopted programs that make private school choice universally available to K-12 students.Here is the full list and a timeline of the school choice movement in recent years.TENNESSEE AG OPTIMISTIC ABOUT SCOTUS CASE AFTER ‘RADICAL GENDER IDEOLOGY’ REVERSAL IN LOWER COURT A map of US states that offer…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Times may feel a bit febrile, but at least we’re getting some wonderful structural diagrams.From MainFT’s Antoine Gara and Oliver Barnes yesterday:Brandon Lutnick, son of US commerce secretary Howard Lutnick, is partnering with SoftBank, Tether and Bitfinex on a bitcoin acquisition vehicle to capitalise on a cryptocurrency revival under US President Donald Trump. The consortium announced on Wednesday that it was creating a multibillion-dollar bitcoin acquisition vehicle called Twenty One Capital that will absorb billions in cryptocurrency from the other partners with…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.My husband and I own two UK properties and would like to know which would be treated by HM Revenue & Customs as our main residence for tax purposes. We bought our flat first, lived in it for six years, and then let it out after we bought a house. Within two years of living there, we moved overseas, but neither of us nominated one of the two properties as our principal residence. Since moving abroad we have been UK tax resident…

Good morning and welcome to Fox News’ morning newsletter, Fox News First. And here’s what you need to know to start your day …TOP 31. New details on suspected gang member shatter Dems’ narrative 2. Gorsuch calls out ‘bondage’ in children’s LGBTQ storybook3. Courtroom shifts after key witness in Karen Reed trial changes tuneMAJOR HEADLINES UNDER FIRE – Russia launches massive overnight strike on Ukraine’s capital, leaving several dead. Continue reading … LEARNED HIS FATE – Former US soldier sentenced for selling national defense secrets to China. Continue reading … ‘UNFAIRLY DEFAMED’ – Marine hopeful suspended from school after American…