Author: Press Room

Ukraine has initiated an urgent meeting of the United Nations Security Council after last week’s Russian missile strike on the city of Kryvyi Rih that killed 20 civilians, the foreign minister says.”A robust international response to Russian atrocities is critical. Such terror should never be normalized. We call for both strong condemnation and firm action,” Andrii Sybiha said on X.Friday evening’s strike on President Volodymyr Zelenskiy’s home city of Kryvyi Rih sprayed shrapnel across a dense residential area, including a playground.Ukraine’s military said Russia used cluster munitions.Kryvyi Rih held vigils on Monday that began three days of mourning for 11…

President Trump’s global tariffs have sent stock markets worldwide into a tailspin, and the S&P 500 on Monday briefly entered bear market territory for the first time since 2022.Mr. Trump has seemed unmoved by the decline. He signaled on Monday that he had no plans to back off on tariffs, insisting that they would bring in “billions of dollars” in revenue and that other countries had been “abusing” the United States with their trade policies.Here is what to know about a bear market.What is a bear market?A bear market is a Wall Street term for a sustained market downturn, when…

European Union officials on Monday were set to circulate a list of products they plan to hit with retaliatory tariffs, a major step toward striking back at President Trump as he ignites a global trade war.Representatives from across the bloc’s 27 member states are expected to vote on the wave of tariffs on Wednesday, and a solid coalition would be required to block them from taking effect. They are expected to go into force starting on April 15.A preliminary version of the list included a broad variety of goods like whiskey, boats, clothing and soybeans. Officials spent several weeks vetting…

Donald Trump has threatened additional 50 per cent tariffs on China if Beijing does not withdraw its retaliatory levies on Washington by Tuesday.“If China does not withdraw its 34% increase above their already long term trading abuses by tomorrow, April 8th, 2025, the United States will impose ADDITIONAL Tariffs on China of 50%, effective April 9th,” Trump wrote on Truth Social on Monday.The Trump administration hit China with 34 per cent in additional duties last week, stacked on top of the 20 per cent levies it had already imposed. In response, China increased levies on US goods by an additional 34…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Andrew Bailey has been chosen as the next chair of the world’s financial stability watchdog, handing the Bank of England governor responsibility for avoiding a financial crisis by co-ordinating policies between top global regulators.Bailey’s nomination as chair of the Financial Stability Board for the next three years, a role he will hold alongside heading the BoE, comes as rising geopolitical tensions and market turmoil sparked by US President Donald Trump’s tariffs threaten to upend the global financial system. The FSB — which…

Washington — The Trump administration asked the Supreme Court on Monday to intervene in an ongoing legal battle over a Maryland man who was mistakenly arrested and removed to El Salvador last month.The Justice Department’s request for emergency relief from the high court comes as it faces a court-ordered 11:59 p.m. deadline to return the man, Kilmar Armando Abrego Garcia, to the U.S. Abrego Garcia was deported to a Salvadoran supermax prison on March 15 despite a 2019 protective order that should have prevented him from being sent to the country.The Trump administration is now asking the Supreme Court to…

The Martin County, Florida, Sheriff’s Office said Thursday they arrested a man for impersonating an Immigration and Customs Enforcement (ICE) agent.Police say that 23-year-old José Juan Lopez attempted to pull over two Hispanic men, threatening to deport them. However, the victims were wary of Lopez and recognized that he did not appear to be a law enforcement officer. FLORIDA WOMAN STOLE THOUSANDS DURING TAROT CARD READINGS, SPIRITUAL CLEANSINGS SCAM: REPORT”The victims, both Hispanic males, told deputies that Lopez, who lives in Indiantown, told them he was an ICE Agent and demanded their identification further threatening to deport them,” according to the sheriff’s…

Canadian officials monitoring the federal election for foreign interference said Monday they have detected a Chinese-backed operation targeting Liberal Leader Mark Carney on the social media platform WeChat. The “information operation” was launched by Youli-Youmian, WeChat’s most popular news account, which has been linked to the Chinese Communist Party’s central political and legal affairs commission, officials from the Security and Intelligence Threats to Elections (SITE) task force said.According to the assessment unveiled Monday, the operation was intended to influence Chinese-Canadian communities and “mould perceptions” about Carney through articles that were amplified and spread by other WeChat accounts “in a coordinated…

Fans at a European Rugby Champions Cup match in France watched as a parachutist needed to be rescued as he got stuck on top of the stadium roof on Sunday.A video showed rescue workers in Toulouse rushing to help the dangling parachutist and the match was delayed. A parachutist hangs from the roof of the Stadium de Toulouse as firefighters approach, in Toulouse, France, on April 6, 2025 in this screengrab obtained from a social media video. (ANOUK/@ANOUKPOHLMANN/via REUTERS)The man, who was reportedly a French soldier, was descending quickly when the right side of his parachute became stuck on the…

It’s not just European, American and Japanese car makers that have suffered with the rise of electric vehicles and Chinese car exports.