Author: Press Room

Global financial institutions meet as turmoil brings fears worldwide.Global financial turmoil tops the agenda as the International Monetary Fund and World Bank hold meetings in Washington, DC. The organisations face significant challenges, and criticism, too. Can they help vulnerable countries, or will Western interests take priority? Presenter: Nick Clark Guests: Ali Hasanain – Associate professor at the Lahore University of Management Sciences Vicky Pryce – Chief economic adviser at the Centre for Economics and Business Research Daniel Gros – Board member at the Centre for European Policy Studies

President Donald Trump signed multiple Executive Orders relating to education Wednesday afternoon, with several tied to the theme of returning meritocracy back to the education system. The orders, seven in total, included actions to integrate artificial intelligence into K-12 school curricula, reforms to school discipline and accreditation guidelines, requirements related to the disclosure of foreign funding to schools and enhancements to the country’s workforce development programs. Trump’s slew of education-focused orders also included another directive demanding an end to DEI ideology in schools, specifically the use of “disparate impact theory,” on top of his previous executive order from January ordering an end…

As Elon Musk sought to reassure Wall Street analysts on Tuesday that he would soon scale back his work with the federal government, the strain of his situation was audible in his voice.The world’s richest man said that he would continue arguing that the Trump administration should lower tariffs it has imposed on countries across the world. But he acknowledged in a subdued voice that whether President Trump “will listen to my advice is up to him.”He was not quite chastened, but it was a different Mr. Musk than a couple months ago, when the billionaire, at the peak of…

Katrine Sinclair and Charlie Lastowsky were struck by a vehicle in Las Vegas, suffering life-altering injuries with little to no medical insurance.

The women’s State of Origin series kicks off next week, but scheduling remains a hot topic with the players forced into tight turnarounds with no proper footy under their belts.

Jordan accused the Muslim Brotherhood of planning attacks in the country and introduced a blanket ban against the group on Wednesday, in a move that could shutter the nation’s largest opposition party, the Islamic Action Front, the group’s political arm in Jordan.The Islamic Action Front won a foothold in Parliament last year after campaigning against the Israeli invasion of Gaza.Here’s more about the Muslim Brotherhood and its reach across the Middle East.What is the Muslim Brotherhood?The Muslim Brotherhood is a Sunni Islamist movement founded in 1928 by Hassan al-Banna, a schoolteacher in Egypt, who argued that a religious renewal would…

Lindsay Brown was working from home in Little Rock, Arkansas, when, during a company meeting in February, her employer said that due to the United States Agency for International Development not making payments to the organization, staff changes needed to happen. Brown, who worked in internal communications for the nonprofit FHI 360, has been furloughed since shortly after that meeting.  She learned that her last day at FHI 360 will be May 2. She is one of the close to 20,000 employees — many living in states such as North Carolina, Vermont, California and Georgia — who lost their jobs as the…

After weeks of bluster and escalation, President Trump blinked. Then he blinked again. And again.He backed off his threat to fire the Federal Reserve chairman. His Treasury secretary, acutely aware that the S&P 500 was down 10 percent since Mr. Trump was inaugurated, signaled he was looking for an offramp to avoid an intensifying trade war with China.And now Mr. Trump has acknowledged that the 145 percent tariffs on Chinese goods that he announced just two weeks ago are not sustainable. He was prompted in part by the warnings of senior executives from Target and Walmart and other large American…

Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldThe value of Donald Trump’s memecoin soared more than 50 per cent on Wednesday after the issuers of the cryptocurrency said the US president would have dinner with the top 220 holders next month.The group would be invited to a private dinner at the Trump National Golf Club in Washington on May 22 to hear Trump talk about “the future of crypto”, the organisers said. The 25 people who own the most of Trump’s coin will also be invited to…

Stay informed with free updatesSimply sign up to the Investment Banking myFT Digest — delivered directly to your inbox.Citigroup is closing its beachside Málaga office less than three years after opening the hub to offer junior investment bankers a better work-life balance. The US lender has told staff that it will close the unit in the southern Spanish city, cutting a handful of jobs and relocating other employees to London and Paris, the bank confirmed in a statement to the Financial Times. Citi opened the office in 2022 at the height of a post-pandemic battle for talent in the financial…