Author: Press Room

MSCI’s broadest index of Asia-Pacific shares outside Japan was higher in morning trading on Wednesday.

PLEDGES FOR CLEAN AIR Efforts that tackle pollution’s effects, rather than its source, miss the point, said Ahmad Ali Gul at Lahore’s University of Management and Technology. “It’s like when you have a bathtub and it’s overflowing and it’s creating a huge mess, do you first grab a towel or do you first close the tap?” he said. “First, we need to focus on reducing the emissions and then we talk about how to protect ourselves from smog.” The government has blamed rival India, which borders Punjab province, for pollution blowing over into Lahore. But Pakistan has limited vehicle emissions…

The pre-dawn attack came hours before scheduled talks between high-level delegations from Ukraine and the United States in Saudi Arabia.

The fresh attacks President Trump aimed at Canada on Tuesday extended beyond imposing more tariffs on America’s neighbor and NATO ally, and laid out in the clearest terms yet his vision for annexing Canada and making it part of the United States.Mr. Trump has made repeated comments about Canada becoming America’s 51st state since winning the election in November, and last month specifically told the country’s departing prime minister, Justin Trudeau, that he did not believe that the border treaty between the two nations was valid, The New York Times reported last week.On Tuesday, as he announced his intention to…

A federal jury in Chicago awarded $120 million on Monday to two Illinois men who spent more than 16 years behind bars for a 2003 murder they did not commit.John Fulton and Anthony Mitchell were teenagers when they were convicted in 2006 for the murder of Christopher Collazo, whose body was found bound and partly burned in an alley on the South Side of Chicago in the early hours of March 10, 2003. Their convictions were vacated in 2019.Mr. Fulton and Mr. Mitchell each filed a federal lawsuit in 2020 against the City of Chicago, the Cook County State’s Attorney’s…

Calgary city council will debate a list of suggested changes aimed at improving the experience of passengers on Calgary Transit, after the city’s executive committee unanimously endorsed a motion on the matter Tuesday. The motion, from Ward 3 Coun. Jasmine Mian, includes 15 service changes like extending the time a fare is valid from 90 minutes to 120 minutes, eliminating digital ticket expiry, and broadcasting CTrain locations and arrival times using GTFS-Realtime standards so third-party map apps can provide up to date information.The need for real-time information on LRT arrival times was a consistent issue raised by CTrain users to…

At the dawn of the new Formula One campaign we take a look at the 10 must-watch drivers set to hit the streets of Albert Park for the 88th Australian Grand Prix.1. Lewis HamiltonLewis Hamilton leaving Mercedes, where he won seven world titles, for Ferrari is one of the most significant shake-ups Formula One has ever seen, and now it’s time for the superstar to bring the “Prancing Horse” back to the top of the podium.The Tifosi will have incredibly high hopes as Hamilton partners young star Charles LeClerc, but the team must show they can overcome the strategy drama…

Grupo Bancolombia’s cryptocurrency platform Wenia now offers the EURC, a euro-pegged digital stablecoin.According to Cointelegraph, integrating EURC, a 1:1 restricted and controllable euro digital currency, into Wenia is expected to enhance the user’s experience by providing a seamless way to transact using a trusted digital currency.Growing crypto offering to better serve usersWith this integration, EURC becomes the third stablecoin offered by the Wenia platform, following COPW (a digital currency pegged to the Colombian peso) and USDC, which is a well-known dollar-pegged digital coin in the crypto world.As well as these stablecoins, users can also trade many other cryptocurrencies such as Bitcoin…

Stay informed with free updatesSimply sign up to the UK financial regulation myFT Digest — delivered directly to your inbox.Britain’s financial watchdog is set to largely abandon its controversial plan to “name and shame” more companies that it investigates, marking a major U-turn after the regulator faced mounting pressure to drop the policy. The Financial Conduct Authority plans to announce on Wednesday that its proposal to apply a new public interest test on whether to disclose more companies under investigation has been scrapped, according to people familiar with the matter. Instead, it is sticking to its existing stricter “exceptional circumstances” test. It…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The UK’s pensions minister is pushing retirement funds to invest more in private markets as part of wider plans to improve performance and consolidate £1.3tn of UK pension assets. Torsten Bell told the Financial Times that he was in “very active discussions” with managers of defined contribution schemes, which cover most workers, about increasing their voluntary commitment to private assets. Bell, who was appointed in January, said in an interview that the government was “encouraging investing in a wider range of assets, not…