Author: Press Room

ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailAlexander Irving, airlines analyst at Bernstein, says there has been some weakness in the U.S. airline industry amid the roll out of the U.S. tariffs, but he has “not yet” seen the same weakness from European airlines.02:37Wed, Apr 9 202511:45 AM EDT

The 25 percent tariff Canada began collecting on cars and trucks imported from the United States early Wednesday is not just the country’s latest act of retaliation against tariffs imposed by President Trump on Canadian exports. The estimated 8 billion Canadian dollars a year, about $5.7 billion, that those levies are expected to generate will also bankroll help for companies and workers now under economic threat from the United States.With no obvious or immediate end in sight to Mr. Trump’s tariffs push, Canada is now turning its attention on how to lessen the impact of the job losses, plant closings…

Washington — House Republicans narrowly advanced a budget plan key to extending President Trump’s tax cuts, which are set to expire this year, after the president dialed up the pressure to break through opposition from his own party. The budget resolution still faces a final vote later Wednesday, and it’s unclear whether it has enough support to clear the last hurdle. Some Republicans said they would vote to advance the resolution but would not back its passage. In a 216-215 vote, three Republicans — Reps. Thomas Massie of Kentucky, Victoria Spartz of Indiana and Mike Turner of Ohio — voted with all Democrats against advancing…

A criminal complaint unsealed Wednesday in the District of Utah charged four U.S. citizens with conspiring to unlawfully carry out a coup d’état in the Democratic Republic of the Congo (DRC).Marcel Malanga, 22, Tyler Thompson, 22, Benjamin Zalman-Polun, 37, and Joseph Peter Moesser, 67, are charged with conspiracy to provide material support and resources, conspiracy to use weapons of mass destruction, conspiracy to bomb places of government facilities, and conspiracy to kill or kidnap persons in a foreign country, among other offenses, according to a news release from the U.S. Department of Justice (DOJ). Benjamin Reuben Zalman-Polun, left, Marcel Malanga…

Descrease article font size Increase article font size Conservative leader Pierre Poilievre responded Wednesday to questions about money he received from self-described friends of India’s ruling party, saying he could not screen all donors. At a campaign stop, Poilievre was asked about a Global News report showing the founders of an organization set up to elect Indian Prime Minister Narendra Modi had helped finance his leadership bid.“I received 37,000 separate donations that anybody can make online,” Poilievre said. “We don’t have the capacity to do CSIS background checks on every single person who makes those 37,000 donations.”Elections Canada records show…

Passion for trading cards, coins and other choice collectables has built fortunes big and small for millions of Australians, a new report suggests.

SINGAPORE: Be nice to allies, departing United States ambassador to China Nicholas Burns said, when asked how Washington might beat Beijing in the global game of power. It’s advice Donald Trump should take if America wants to remain relevant in Asia.  For now, Asian nations are falling in line to negotiate their way out of his tariffs. In the long term, they’ll work toward strengthening cooperation with each other. They’ll also weigh the benefits of drifting back toward the superpower that isn’t punishing them with new levies, although China’s expansionist moves in the Indo-Pacific have taken some of the shine off its allure. Washington is…

The Justice Department’s investigation into Matt Weiss, the former Baltimore Ravens and Michigan assistant football coach accused of hacking into the personal accounts of more than 2,000 college athletes, uncovered that the ex-coach stole thousands of “candid and intimate” photos and videos. The revelation came during a court filing in a lawsuit against Weiss and the university after lawyers representing the victims in this case shared an email from the Justice Department’s Mega Victim Case Assistance Program.  The Justice Department’s investigation into Matt Weiss uncovered that the ex-coach stole thousands of “candid and intimate” photos and videos. (Mark J. Rebilas-USA TODAY Sports)”Thousands…

President Trump on Wednesday dramatically reversed course on steep global tariffs that have roiled markets, upset members of his own party and raised fears of a recession, saying just hours after stiff levies went into effect on nearly 60 countries that he would pause them for 90 days.But the president did not back down on China and instead raised tariffs once again on all of its exports to the United States, bringing those import taxes to a whopping 125 percent. That decision came after Beijing had raised its levies on American goods to 84 percent in an escalating tit-for-tat between…

President Donald Trump defended his abrupt decision to pause new tariffs on several countries, saying Americans had become “a little bit yippy” and “afraid” amid growing fears of an economic downturn. Speaking from the White House, Trump justified the 90-day pause on tariffs by emphasizing the need for flexibility in trade policies as markets remain volatile.FORTUNE@FortuneMagazine·Follow“They were getting a little bit yippy, a little bit afraid.” President Trump said he decided to pause some tariffs because “people were jumping a little bit out of line.” trib.al/OLC85qRWatch on TwitterView replies1:29 AM · Apr 10, 20250ReplyCopy linkRead more on TwitterThe Trump administration…