Author: Press Room

The Navy released the titles of 381 books on Friday evening that were removed from the U.S. Naval Academy’s Nimitz Library on the Annapolis, Md., campus this week because their subject matter was seen as being related to so-called diversity, equity and inclusion topics.President Trump issued an executive order in January that banned D.E.I. materials in kindergarten through 12th grade education, but the office of Defense Secretary Pete Hegseth informed the Naval Academy on March 28 that he intended the order to apply to the school as well, even though it is a college.First on the list is “How to…

A federal judge permanently barred the Trump administration on Friday from limiting funding from the National Institutes of Health that supports research at universities and academic medical centers, restoring billions of dollars in grant money but setting up an almost certain appeal.The ruling by Judge Angel Kelley, of the Federal District Court in Massachusetts, made an earlier temporary order by her permanent and was one of the first final decisions in the barrage of lawsuits against the Trump administration. But it came about in an unusual way: The government asked the court to enter that very verdict earlier on Friday…

Across the country, over 30,000 jobs were lost in March alone and the unemployment rate rose to 6.7 per cent. It all comes during a time when the world is still understanding the impact of American tariffs.“Right now there’s just a lot of uncertainty out there,” said Richard Mueller, a professor in the department of economics at the University of Lethbridge.“I was watching the DOW close five and a half percentage points less than yesterday,” he said on Friday.“Over 10 per cent in two days now — which is unprecedented.” While the markets react and thousands lose their jobs, Lethbridge…

Our air insider Emma Kelly gets the lowdown on Perth Airport’s priority markets for new connections.

DIVISIONS AND MIXED SIGNALS With European shares also tumbling to the biggest weekly losses in years, the European Union’s trade commissioner, Maros Sefcovic, said he held a “frank” two-hour call with US Secretary of Commerce Howard Lutnick and US Trade Representative Jamieson Greer.”I was clear: US tariffs are damaging, unjustified,” Sefcovic wrote on social media. “The EU’s committed to meaningful negotiations but also prepared to defend our interests.”The EU is divided on how best to respond to Trump’s tariffs. Countries cautious about retaliating and thereby raising the stakes in the standoff with the US include Ireland, Italy, Poland and the…

A federal judge has ordered the administration of President Donald Trump to return a man to the United States after he was wrongly deported to El Salvador. Before issuing the ruling on Friday, Judge Paula Xinis called Kilmar Abrego Garcia’s deportation “an illegal act” and condemned Trump administration lawyers for lacking answers to fundamental questions surrounding the incident. Abrego Garcia, 29, had been put on a deportation flight to El Salvador in March, despite an immigration judge’s 2019 ruling that shielded him from expulsion in light of likely persecution by local gangs in his home country. “His continued presence in…

Volkswagen, the German automaker, has told its car dealers that it plans to add an import fee later this month to the price of imported cars sold in the United States.The company’s move is one of the first and clearest examples of automakers using price increases to deal with the 25 percent tariffs President Trump imposed on car and auto parts imports. The tariffs on vehicles went into effect on Thursday and the levies on parts will become effective on May 3.In an April 1 memo to dealers, Volkswagen said that the exact fees would be determined by the middle…

Cardano (ADA), one of the most prominent altcoins in the crypto market, has hit a rough patch. On April 3, 2025, Cardano’s price experienced a sharp 8.6% drop, reflecting the larger cryptocurrency market’s struggles amid growing economic uncertainty. The decline comes on the heels of President Donald Trump’s announced tariffs, which have created a “risk-off” environment, pushing many investors away from speculative assets like cryptocurrency.Despite these economic pressures, the Cardano Foundation made headlines with its Veridian digital identity platform, aimed at enhancing trust and usability on the Cardano blockchain. But even promising technology wasn’t enough to prop up ADA’s price.…

March Madness in the US refers to a popular national college basketball tournament. This year you might apply that nickname to the harsh trade policies emanating from the US White House. President Donald Trump’s attack on its trade partners on April 2 knocked world stock prices into a funk and caused investors to scurry towards safe haven assets such as government bonds and gold.   By mid-afternoon on Friday, the Trump White House’s tariff announcements had helped wipe off roughly $4.9tn of value from world equity markets, according to Dan Coatsworth, investment analyst at AJ Bell. All that volatility is squeezing most people’s personal…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.It’s going to be a busy year for Britain’s mortgage industry. More than a million households are in for a serious payment shock as they refinance loans taken out at rock-bottom rates during the coronavirus pandemic. Banks should be able to absorb the impact without too much damage; the rest of the economy might take it harder. As much as £320bn worth of residential and buy-to-let loans are likely to need refinancing in 2025, according to the Mortgage Advice Bureau, one of…