Author: Press Room

The Ivy League school becomes first US university to defy Trump administration’s demands after pro-Palestinian campus protests.Harvard University has rejected demands from United States President Donald Trump’s administration that would see the university cede control to what it described as a conservative government that portrays universities as dangerously leftist. Within hours of Harvard taking its stand on Monday, the Trump administration announced it was freezing $2.3bn in federal funding to the Ivy League school. The funding freeze comes after the Trump administration said last month it was reviewing $9bn in federal contracts and grants to Harvard as part of a…

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A federal judge on Monday blocked the Trump administration from revoking the legal status and work permits of the more than 530,000 migrants from Cuba, Haiti, Nicaragua, and Venezuela who flew into the United States during former President Joe Biden’s time in office. The migrants came to the U.S. under Biden’s controversial controversial CHNV mass humanitarian parole program.In her order, Judge Indira Talwani, an Obama appointee, wrote that each migrant needs to have an individualized, case-by-case review.DHS’ KRISTI NOEM SAYS TRUMP ADMIN WILL RESUME CONSTRUCTION OF 7 MILES OF SOUTHERN BORDER Venezuelan migrants walk following their arrival on a flight after…

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Tens of thousands of immigrants who had been allowed to temporarily live and work in the United States under the Biden administration have received a seemingly unequivocal message in recent days from the Department of Homeland Security.Leave “immediately.”The termination notices, which started being delivered electronically last week, were more indication that migrants who followed the rules set by the last administration may be among the most vulnerable now as President Trump seeks to make good on his campaign promise of mass deportations.Many migrants who entered the country using the CBP One app — introduced in 2023 to bring order to…

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With just two weeks left in the federal election campaign, mayors and elected officials across the country are expressing worry that talk of the economy is overshadowing concerns over climate change. In the Montreal area, memories of back-to-back snowstorms in February that dumped more than 70 cm of snow on the region snow in four days are still fresh. The last time the city got so much snow in such a short time was in the 1890s, according to Environment Canada.Other extreme weather events, such as floods in Montreal last summer and the fires that burned the city of Jasper,…

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HANOI: China’s President Xi Jinping paid tribute to Vietnam’s late revolutionary leader Ho Chi Minh on Tuesday (Apr 15), his last day of a trip to Hanoi that President Donald Trump said was aiming to “screw” the United States. Xi is in Vietnam as part of a Southeast Asia tour that will include Malaysia and Cambodia, with Beijing trying to position itself as a stable alternative to Trump as leaders confront US tariffs. The Chinese leader called on his country and Vietnam on Monday to “oppose unilateral bullying and uphold the stability of the global free trade system”, according to Beijing’s…

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President Trump came into office sounding as if he were eager to deal with President Xi Jinping of China on the range of issues dividing the world’s two biggest superpowers.He and his aides signaled that they wanted to resolve trade disputes and lower the temperature on Taiwan, curb fentanyl production and get to a deal on TikTok. Perhaps, over time, they could manage a revived nuclear arms race and competition over artificial intelligence.Today it is hard to imagine any of that happening, at least for a year.Mr. Trump’s decision to stake everything on winning a trade war with China threatens…

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Stay informed with free updatesSimply sign up to the EU energy myFT Digest — delivered directly to your inbox.Brussels is exploring legal options that would allow European companies to break long-term Russian gas contracts without paying hefty penalties to Moscow.The European Commission has been studying the contracts and the possibility of declaring force majeure, which would allow importers to exit their obligations without paying additional fees, according to three officials with knowledge of the plan. “If the whole idea is not paying Russia, then [paying compensation] would undermine the whole purpose,” one EU official said.The move highlights the EU’s struggle…

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One scoop to start: Leda Braga’s Systematica Investments, one of the world’s best known computer-driven hedge funds, is suffering its worst ever losing streak in its flagship fund, as the market turmoil triggered by the trade war catches out many of the industry’s biggest names.And another thing: Meta’s acquisitions of Instagram and WhatsApp helped give it “monopoly power”, the US Federal Trade Commission told a court on Monday at the start of a blockbuster trial that could force the $1.5tn tech giant’s break-up.Welcome to Due Diligence, your briefing on dealmaking, private equity and corporate finance. This article is an on-site…

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El Salvador refused to return a U.S. deporteeAt a White House meeting with President Trump, El Salvador’s president, Nayib Bukele, said yesterday that he would not return a man who was wrongly deported from the U.S. and sent to a notorious prison in El Salvador.“Of course I’m not going to do it,” Bukele said when reporters asked if he was willing to help return the man, Kilmar Armando Abrego Garcia. The deportation case is at the heart of a legal battle that has gone to the Supreme Court. Here’s what else to know.Bukele said that returning Abrego Garcia would be…

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