Author: Press Room

Descrease article font size Increase article font size Six people are facing charges after a large-scale cannabis network with an estimated annual value of more than $16 million was shuttered by the RCMP. Canada’s federal policing agency said in a news release Thursday that its Ontario division had been investigating the operation, which was recently shut down, for more than two years.The RCMP said it has seized and destroyed roughly 17,000 cannabis plants from the network, which was operating three large-scale illegal grow sites.“Each of the sites were staffed with full-time live-in workers, none of whom have legal status to…

France and the United Kingdom will forge ahead with plans to deploy troops in Ukraine to secure an eventual peace deal with Russia but only some other countries want to take part, French President Emmanuel Macron says.Macron made the comments on Thursday after a summit of countries that have been mulling the proposal.”These reassurance forces are a French-British proposal,” Macron said.”It is desired by Ukraine and noted by several member states that have expressed their willingness to join. It is not unanimous. That is known. Besides, we do not need unanimity to achieve it.”Macron said French and UK military officials…

Since overthrowing the elected civilian government of Nobel laureate Aung San Suu Kyi in 2021, the military has struggled to run the country and fend off a rebellion that has its roots in a youth-led uprising, which the army suppressed with lethal force. Min Aung Hlaing had earlier this month said the election would take place either in December this year, or January 2026, providing a timeframe for the first time during a visit to Belarus. The junta conducted a census last year as part of preparations to create a voter list, for which it said a full on-ground survey…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Well, there it is:CoreWeave is planning to slash the size of its initial public offering and bring in Nvidia as an anchor investor, another sign of wavering investor demand for artificial intelligence infrastructure on Wall Street.The cloud computing provider will formally set the price of its shares later on Thursday and is expecting to pare back its offering to around $1.5bn, according to people close to the matter. CoreWeave had initially targeted raising $4bn and dropped that figure to $2.7bn when it began…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Nearly a third of Generation Z have started investing by the time they reach early adulthood, more than any other generation at the same age, according to a new survey by the World Economic Forum. Thirty per cent of Gen Z — those aged between 18 and 27 — began investing in capital markets at university age compared with 15 per cent of millennials, and 5 per cent of baby boomers, according to the poll, which surveyed 13,000 people across 13 countries, including the…

Tom Moore got the call just before Christmas in 2021. The head of the University of Durham’s Archaeology department, Mr. Moore was well-known in history circles in Yorkshire, in northeast England. It was why he had received the urgent message, from a man who claimed to have stumbled on something big.“I think it’s Iron Age,” said the caller, Peter Heads, an amateur metal detectorist. And then, no one said a word. Now, after more than three years of painstaking excavation, conducted in near-total secrecy, Mr. Moore and his colleagues say that it could be one of the most significant archaeological…

The tariffs on cars and auto parts that President Trump announced on Wednesday will have far-reaching effects on automakers in the United States and abroad.But there will be important differences based on the circumstances of each company.TeslaThe company run by Mr. Trump’s confidant, Elon Musk, makes the cars it sells in the United States in factories in California and Texas. As a result, it is perhaps the least exposed to tariffs.But the company does buy parts from other countries — about a quarter of the components by value in its cars come from abroad, according to the National Highway Traffic…

Representative Ro Khanna, Democrat of California, has been busy in the early months of 2025 trying out ways to make himself a counterweight to the Trump administration.In a social-media skirmish in February over the administration’s hiring and firing of an official who had written racist posts, Mr. Khanna drew the ire of Vice President JD Vance, who told him, “You disgust me.” More recently, Mr. Khanna has been staging town halls in Republican districts across California with a parade of progressive co-sponsors.Now, he is planning to shine an even brighter spotlight on Mr. Vance — and on himself — with…

U.S. President Donald Trump is threatening “large scale” tariffs on Canada and the European Union after announcing a fresh round of tariffs on auto imports that will hit next week. In a post early Thursday on his Truth Social platform, Trump said: “If the European Union works with Canada in order to do economic harm to the USA, large scale Tariffs, far larger than currently planned, will be placed on them both in order to protect the best friend that each of those two countries has ever had!”This new warning comes after Trump signed an executive order Wednesday for 25…

Wall Street’s main indexes have slipped as US President Donald Trump’s latest tariff gambit sent car stocks into a tailspin while investors sifted through a slew of economic indicators.In a late-night announcement on Wednesday, Trump unveiled his plan to implement 25 per cent tariffs on imported cars and light trucks effective next week while those on car parts are expected to begin from May 3.Car makers, with sprawling supply chains crisscrossing North America, took a hit.General Motors fell 8.2 per cent and Ford lost 2.7 per cent.Car-parts manufacturers like Aptiv and BorgWarner each shed about 6.0 per cent each.Tesla was…