Author: Press Room

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Raiffeisen Bank International, the largest western bank still doing business in Russia, has halted attempts to sell its unit in the country amid a rapprochement between Washington and Moscow, according to people familiar with the situation.RBI has been under pressure from regulators and foreign governments including the EU and US to sell its Russia business after President Vladimir Putin launched Moscow’s full-scale invasion of Ukraine in 2022. The already complicated sale was further stymied in September after a Russian court froze the shares…

President Donald Trump and Vince Vaughn teamed up for a lighthearted spoof of the Hollywood actor’s iconic 2005 film “Wedding Crashers.”The White House posted a photo, Friday, of Vaughn, 55, visiting Trump in the Oval Office, accompanied by a playful caption: “White House Crashers.” The image, styled like a movie poster, featured Vaughn standing behind a seated Trump, both all smiles in front of the presidential seal.VINCE VAUGHN DISCUSSES BACKLASH HE RECEIVED AFTER THE ACTOR WAS SEEN CHATTING WITH TRUMP EARLIER THIS YEAR Vince Vaughn visits President Trump at the White House in “Wedding Crashers” spoof photo. (Win McNamee/Kevin C. Cox/Getty…

The US president has threatened to ‘move on’ if he sees no progress from Russia and Ukraine.Before he took office, US President Donald Trump said he would end the war in Ukraine “within 24 hours” of entering the White House. But nearly 100 days into his presidency, he’s made little headway, as the fighting continues. Now, Trump is threatening to walk away from efforts to broker peace, saying if the parties are too difficult to work with, “we’re just going to move on.” Will Trump’s threat push Russia and Ukraine to more urgently engage to end the conflict, now in…

Lisa Su, CEO of AMD, attends the Artificial Intelligence Action Summit at the Grand Palais in Paris, Feb. 10, 2025.Benoit Tessier | ReutersShares of Advanced Micro Devices closed down more than 7% on Wednesday after the company said it could incur charges of up to $800 million for exporting its MI308 products to China and other countries.”The Company expects to apply for licenses but there is no assurance that licenses will be granted,” AMD said in the filing with the Securities and Exchange Commission.The new U.S. license requirement, which applies to exports of certain semiconductor products, would hit inventory, purchase…

The president of a prominent Christian college in Michigan reacted Thursday to President Donald Trump’s battle with Harvard University — and the billions it stands to lose due to a federal funding freeze over its response to on-campus antisemitism.”We all have a right to free speech, but if you join the academic community, you don’t get to say whatever you want. You can’t go to physics class and talk about English Lit. Also, you can’t spit on people because they’re Jews or denounce them… because that breaks down the friendship that is necessary to the partnership of a college,” Hillsdale…

LOS ANGELES – Whether Erik and Lyle Menendez will see life outside prison walls is still unclear after their resentencing hearing was postponed for another month after a judge ruled that two motions needed to be settled before the process could move forward. At the heart of the issue was Los Angeles District Attorney Nathan Hochman’s motion to continue citing access to a part of the comprehensive risk assessment (CRA) report that California Gov. Gavin Newsom requested for the clemency request and the Menendez team’s request for the DA to be admonished for showing crime scene photos at last week’s hearing.Attorneys…

Katie Stockton thinks she has a viable option for investors trying to withstand wild market swings.She manages the Fairlead Tactical Sector ETF (TACK), which is designed to be nimble in times of market stress. It’s not tied to an index.”What we try to do is help investors leverage the upside through sector rotation, but also minimize drawdowns,” the Fairlead Strategies founder told CNBC’s “ETF Edge” this week. “That’s obviously a big advantage longer term when you can just go into a less deep hole to climb out of.”According to Stockton, her ETF is particularly nimble in this environment because it uses multiple…

By Staff The Canadian Press Posted April 19, 2025 12:54 pm 1 min read Descrease article font size Increase article font size The Liberals and NDP released their costed campaign platforms Saturday, with just over one week left in the election campaign. Liberal Leader Mark Carney rolled out the party’s campaign commitments in Whitby, Ont., one of several battleground ridings in the seat-rich Greater Toronto Area.The platform pledges billions in new spending and charts a major change in priorities from the party’s 2021 platform under former prime minister Justin Trudeau.The 65-page document shows a reversal in the proportion of operating…

Hamas’ armed wing says the fate of Israeli-US hostage Edan Alexander is unknown after the group found the guard who was holding him had been killed.US President Donald Trump’s special envoy Steve Witkoff told reporters at the White House in March that gaining the release of Alexander, believed to be the last living US hostage held by Hamas in the Gaza Strip, was a “top priority”.Alexander, 21, is a New Jersey native and a soldier in the Israeli army.On Tuesday, Hamas said it had lost contact with a group of militants holding Alexander in the Gaza Strip after the Israeli…

The Vatican affirmed good relations with the US but noted ‘an exchange of opinions’ on global conflicts and migration.US Vice President JD Vance has met with the Vatican’s top diplomats, discussing the politically fraught issue of migration months after Pope Francis rebuked the new US administration’s hardline immigration stance. Vance, a Catholic convert, held what the Vatican described as “cordial talks” with Secretary of State Cardinal Pietro Parolin – the Holy See’s second highest official after the pope – and Paul Richard Gallagher, the secretary for relations with states. “There was an exchange of opinions on the international situation, especially…