Author: Press Room

Elon Musk’s Twitter profile displayed on a computer screen and Twitter logo displayed on a phone screen are seen in this illustration photo taken in Krakow, Poland on April 9, 2022.Jakub Porzycki | Nurphoto | Getty ImagesA proposed class-action lawsuit against Elon Musk and his family office Excession can proceed in federal court, a judge ruled Friday, after the tech centi-billionaire sought to have the case dismissed.The case is Rasella v. Musk (Case No. 1:22-cv-03026-ALC-GWG) in the Southern District of New York.The lawsuit was brought by former Twitter shareholders who allege they lost money when the Tesla and SpaceX CEO…

When Christina Cassotis, the chief executive of Pittsburgh International Airport, heard about the power outage that forced London’s Heathrow Airport to suspend operations last week, she thought of the workers who were frantically trying to manage the chaos.But when an outage hits closer to home, she has a more restrained response: Keep calm and carry on.For almost four years, her airport has been powered by a mix of on-site natural gas generators and solar panels. The airport estimates that the stand-alone system, known as a microgrid, has saved it about $1 million a year on its energy costs and allowed…

On Wednesday, Prime Minister Mark Carney’s election campaign had brought him to the bridge between Windsor, Ontario, and Detroit, over which $300 million worth of auto parts cross daily.He unveiled a series of promises of programs for workers and auto-related industries that would be rolled out if President Trump imposed tariffs on products from the Canadian auto industry. Among them was a proposed fund of 2 billion Canadian dollars to reshape the industry for a future without the U.S. market.The stakes are high. Cars and auto parts are the country’s second-biggest export by value and an employer, directly and indirectly,…

On March 9, Rumeysa Ozturk, a Turkish graduate student at Tufts University, sent an anxious text message to Najiba Akbar, the university’s former Muslim chaplain, with whom she had become close.“I recently learned that someone added all my information to a doxxing website called Canary Mission because of the op-ed published last March,” Ms. Ozturk wrote. She was trying to figure out what to do about it.The website published her résumé and a picture of her in a red head scarf, and claimed that she had “engaged in anti-Israel activism.” It also linked to an opinion essay she had written…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Indians have become heavy investors in gold after a downturn in local equities, with a boom in exchange traded funds driving purchases as the commodity’s price hits record highs.Net inflows to gold ETFs in India reached a record Rs37.5bn ($437mn) in January and Rs19.8bn in February as the metal touched all-time highs, according to the Association of Mutual Funds in India.Falling share prices have pushed Indians to an asset they have long been fond of, said analysts, with ETFs making it easier…

Stay informed with free updatesSimply sign up to the Investments myFT Digest — delivered directly to your inbox.The market reacted with enthusiasm to Phoenix Group’s full-year results in the middle of March. After an indifferent start to 2025, the shares jumped by more than 10 per cent in response to the company’s strong cash generation and upgraded guidance.Tom Ground, chief executive of Phoenix’s retirement solutions business, took advantage of the change in sentiment. The day after the group published its figures, he sold 92,360 shares for 583p each — or a total of £538,000. Ground joined Phoenix in January 2021…

Descrease article font size Increase article font size Maritimers can expect relief at the pump starting next week, as the consumer carbon price is scheduled to be removed on April 1. This will result in double-digit reductions in both Nova Scotia and New Brunswick.“It’ll make a big difference on me. Being a health-care provider working in the community, I have to drive a lot in the community,” said Jaideep Singh, who was filling up his vehicle on Friday.“It’ll make a big difference on my budget as well.’April 1 is also when Nova Scotia will see its harmonized sales tax cut…

Suspected US air strikes have pounded Yemen, reportedly killing at least one person as the US military acknowledged earlier bombing a major military site in the heart of Sanaa controlled by the Houthi rebels.The full extent of the damage and possible casualties was not immediately clear on Saturday.The attacks followed a night of air strikes early on Friday that appeared particularly intense compared with other days in the campaign that began on March 15.An Associated Press review has found the new US operation under President Donald Trump appears more extensive than those under former President Joe Biden, as the US…

The former West Indies, Sri Lanka and Bangladesh coach guided United States to the 2024 T20 World Cup Super 8s.Former Australia batter Stuart Law has been named coach of the Nepal men’s team on a two-year contract. The 56-year-old replaces Monty Desai, whose two-year stint with the South Asian side ended after the Cricket Association of Nepal (CAN) decided not to renew his contract. Law, a 1996 Cricket World Cup runner-up with Australia, last coached the United States, guiding them to the Super 8 of the Twenty20 World Cup last year on home soil in their inaugural World Cup appearance.…

BOSTON — Misha Mitrofanov broke his embrace of Alisa Efimova and spun her around. Let her see the crowd’s reaction to the moment she was feeling. She covered her mouth with both hands beneath widened, welling eyes as the crowd at TD Garden showered them with an ovation.Their performance Thursday at the figure skating world championships was stunning, literally, to the performer. It was the kind of execution they’d envisioned, fostering a moment they could only imagine — in front of their home fans.Efimova and Mitrofanov, pride of the Skating Club of Boston, earned a 135.59 in Thursday’s free skate…