Author: Press Room

President Trump’s imposition of tariffs on all steel and aluminum imports could make it more expensive to produce cars in the United States, dealing another blow to automakers already facing the potential of rising steel prices because of other policies from his administration.Top of mind for auto executives was the bid by the Japanese steel maker Nippon Steel to buy U.S. Steel. Many of them had hoped that Mr. Trump would be open to negotiating a deal to allow the acquisition to go ahead. Instead, the president confirmed last month that he opposed the proposed deal.Many auto industry executives believe…

Geoff Nicholson, whose darkly comic literary novels and eclectic nonfiction were full of characters defined by their obsessions — with cartography, Volkswagen Beetles, urban walking, jokes and sexual fetishes, many of which were enduring interests of Mr. Nicholson himself — died on Jan. 18 in Colchester, England, northeast of London. He was 71.His death, in a hospital, was from chronic myelomonocytic leukemia, his partner, Caroline Gannon, said. It is a rare bone marrow cancer, though, as Mr. Nicholson mordantly observed, “not rare enough, obviously.”In novels with far-fetched plots, characters who often flirted with the cartoonish and stylized, noirish dialogue, Mr.…

Russia pushed Ukrainian forces out of most of the territory they controlled in the Russian region of Kursk during the past week, raising questions about whether a weeklong US intelligence cutoff materially helped the Russian counterattack. The US said it had restored intelligence sharing and military aid to Ukraine on Tuesday night, after Ukraine agreed to a ceasefire plan discussed in Riyadh for nine-and-a-half hours. Russian efforts to recapture Kursk intensified on March 6, a day after the White House cut off military and intelligence assistance to Ukraine. Russian forces attacked 32 times in Kursk, said Ukraine’s general staff. According…

A California board voted unanimously to allocate millions of dollars for services aimed at protecting illegal immigrants and refugees in the community.The Alameda County Board of Supervisors in Oakland decided at Tuesday’s regular meeting to set aside around $2.2 million for communities in their area in response to President Donald Trump’s crackdown on illegal immigration, at the request of the board’s ad hoc Alameda County Together for All Committee.”I’m committed, and I believe Supervisor [Elisa] Marquez is also committed, to making sure the board, the public, has more information and that this work is truly effective in reaching every single…

This article is an on-site version of our Unhedged newsletter. Premium subscribers can sign up here to get the newsletter delivered every weekday. Standard subscribers can upgrade to Premium here, or explore all FT newslettersGood morning. The market did not crash on fears of stagflation yesterday, after a colder than anticipated consumer price index report (more on that below). But there is still plenty of tariff uncertainty for investors to contend with. Europe and Canada retaliated against Washington yesterday, after the US’s global aluminium and steel tariffs went into effect; more countries may respond soon. What those responses will be…

One thing to start: Hedge funds have slashed their bets on equities and cut their borrowings from banks as they struggle to deal with surging market volatility triggered by US President Donald Trump’s global trade war.And another thing: Jes Staley sent an email to his daughter referring to convicted paedophile Jeffrey Epstein as “uncle Jeffrey”, a court heard on Wednesday, as the ex-Barclays boss attempts to challenge regulators’ allegations that he played down his ties to the late financier.Welcome to Due Diligence, your briefing on dealmaking, private equity and corporate finance. This article is an on-site version of the newsletter.…

President Donald Trump criticized actress Rosie O’Donnell and her decision to move to Ireland during his White House meeting with Irish Taoiseach Micheál Martin on Wednesday.When a reporter asked Irish Prime Minister Martin why he allowed the American comedian to move to the country, Trump was quick to respond. “Ireland is known for very happy, fun-loving people,” a reporter noted to Martin at the White House. ROSIE O’DONNELL FLEES US AFTER TRUMP WIN, WON’T RETURN UNTIL IT’S ’SAFE FOR ALL CITIZENS TO HAVE EQUAL RIGHTS’ During a White House press conference, President Donald Trump blasted comedian and actress Rosie O’Donnell after she…

A Pennsylvania man who was going through security at a New Jersey airport was found to have a live turtle concealed in his pants, according to the federal Transportation Security Administration.The turtle was detected Friday after a body scanner alarm went off at Newark Liberty International Airport. A TSA officer then conducted a pat-down on the East Stroudsburg man and determined there was something concealed in the groin area of his pants.375-POUND GREAT-GRANDFATHER SEA TURTLE RELEASED BACK INTO FLORIDA OCEAN AFTER REHABWhen questioned further, the man reached into his pants and pulled out the turtle, which was about 5 inches…

Meta won a legal victory on Wednesday against a former employee who published an explosive, tell-all memoir, as an arbitrator temporarily prohibited the author from promoting or further distributing copies.Sarah Wynn-Williams last week released “Careless People: A Cautionary Tale of Power, Greed, and Lost Idealism,” a book that describes a series of incendiary allegations of sexual harassment and other inappropriate behavior by senior executives during her tenure at the company. Meta pursued arbitration, arguing that the book is prohibited under a nondisparagement contract she signed as a global affairs employee.During an emergency hearing on Wednesday, the arbitrator, Nicholas Gowen, found…

President Donald Trump’s designs on Greenland have been dismissed by the territory’s likely new leader, who says Greenlanders will decide their own fate.