Author: Press Room

BANGKOK: A US academic charged with breaking Thailand’s strict royal defamation laws will appeal against a decision to revoke his visa, his lawyers said on Thursday (Apr 10), after he was released on bail of 300,000 baht (US$8,800). Paul Chambers, who has spent decades in Thailand and is currently a lecturer in Southeast Asian politics at a provincial university, was arrested on Tuesday after reporting to police to answer a charge of lese-majeste. His case is a rare instance of a foreigner falling foul of strict laws which shield King Maha Vajiralongkorn and his close family from any criticism and…

Pat McAfee initially praised Travis Kelce for making a $3.3 million donation for the homeless, but the tight end admitted that the report was not true.The Daily Mail recently issued that report, which led to McAfee telling his audience on his show last week that the Kansas City Chiefs tight end was “making the world a better place.”But on his own podcast, Kelce said the report was not true. Travis Kelce (Fernando Leon/Getty Images for Raising Cane’s)”I got to make a little statement in the ‘don’t believe everything you read, kids’ category realm that you see online,” Kelce began. “Some…

As President Trump ratcheted up new tariffs on goods from China to 125 percent this week, the mood in the dusty streets and small factories of southeastern China was a mixture of anger, worry and resolve.Thousands of export-oriented small factories in or near Guangzhou, the commercial hub of southeastern China, have played a central role in the country’s rapid economic development over the past half century. Quick to supply almost any manufactured product at a low cost, they employ millions of migrant workers from all over China.Now many of these small factories, cornerstones of the Chinese economy, are confronting difficult…

London, United Kingdom, April 10th, 2025, FinanceWire Global Forex Funds (GFF), a UK-based proprietary trading firm established in 2023, has announced the launch of its new Private Challenge, delivering a unique evaluation model designed for realistic, accessible funding, and setting a new standard among the best UK prop firms. This new evaluation model introduces a single-phase proprietary trading challenge featuring a 15% maximum drawdown, an 8% profit target, and a minimum requirement of only one trading day. It also includes provisions such as a free retry and leverage of up to 1:100. These parameters are structured to simplify the assessment…

Emotional return for Luka Doncic and Mavericks fans in his first game at Dallas since being traded to the Los Angeles Lakers in February.Luka Doncic scored 31 of his 45 points in the first half of his highly anticipated Dallas homecoming as the visiting Los Angeles Lakers locked up a playoff spot with a 112-97 win against the Mavericks. Doncic’s 46th career 40-point game on Wednesday was complemented by eight rebounds and six assists while connecting on 16-of-28 from the floor and seven-of-10 on three-pointers. LeBron James posted 27 points and seven boards, and Rui Hachimura added 15 points as…

US shale oil producers are facing their gravest threat in years, as a sudden crude price sell-off triggered by Donald Trump’s trade war has pushed parts of the sector to the brink of failure, executives have warned.US oil prices have fallen 12 per cent since Trump’s “liberation day” tariff announcement last week, leaving them below the level many producers in Texas say they need to break even — and sparking fears the industry could be forced to idle rigs.Opec’s recent decision to raise production has also raised alarm bells.“This reminds me exactly of Covid,” said Kirk Edwards, president of Latigo…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Who benefits when markets lurch? Generally, those sitting on giant piles of cash. Investors who find themselves with dry powder during a crisis can relieve overextended owners of their assets, ease liquidity crunches and hopefully minimise market contagion. All for a price, of course. Think, for example, of buyout barons. Private equity firms had $1.6tn of dry powder globally at the end of September 2024, according to PitchBook data. That’s money investors have committed to wire when it is needed for a deal. Finding…

The Trump administration is once again free to fire probationary employees. For now.The U.S. Court of Appeals for the Fourth Circuit, in a 2-to-1 decision, sided with the government on Wednesday to block a lower-court ruling in Maryland that had led to the reinstatement of thousands of federal workers who had been fired in February.The purge of the employees had marked one of the first stages of President Trump’s plan to rapidly downsize the civil service and overhaul or eliminate entire offices and programs. Since then, the status of the workers has been tied up in legal battles over whether…

President Trump began his Wednesday with some advice for those rattled by his steep tariffs.“BE COOL,” Mr. Trump told his followers on social media after the markets opened. Just a couple of minutes later he wrote, “THIS IS A GREAT TIME TO BUY!!!”Hours after that, Mr. Trump sent the markets soaring when he paused the levies for 90 days. The S&P 500 climbed several percentage points in a matter of minutes and was on its way to its best day since the recovery of the 2008 financial crisis.Soon after Mr. Trump’s pause, Democrats and government ethics experts asked the perhaps…

Hawthorn star Nick Watson admits the Hawks will travel to Gather Round with “more anger” for their grudge match against Port Adelaide.