Author: Press Room

Alan Jones is expected to return to court for the first time after he was slapped with a fresh charge, bringing the total number of his alleged victims to 11.

In SummaryCustoms duties are a major source of revenue in several African countries, sometimes accounting for over 50% of total tax collections.Heavy reliance on import taxes can make economies vulnerable to global trade fluctuations and smuggling.Many of these countries struggle with weak domestic tax collection systems, making customs duties their most reliable source of revenue.Deep Dive!!If trade stops, will these economies survive? For some African countries, customs duties are not just a part of tax revenue—they dominate it. With limited domestic tax collection, these nations depend on imports to keep government funds flowing. But this reliance comes with risks: currency…

Ukrainian forces have stalled the Russian offensive in the eastern Donetsk region in recent months and have started to win back small patches of land, according to Ukrainian soldiers and military analysts.Russia still holds the initiative, and conducts dozens of assaults across the eastern front every day, the soldiers and analysts say. But after more than 15 months on the offensive, Russian brigades have been depleted and Moscow is struggling to replace destroyed equipment, offering limited opportunities that Ukrainian forces are trying to exploit.“The Russian offensive effort in Donetsk has stalled in recent months due to poor weather, exhaustion among…

As powerful storms swept across Central Florida on Monday morning, an Orlando television station’s weather camera captured a tornado hitting the station.“Take shelter!” a Fox 35 morning meteorologist, Brooks Garner, shouted on the air, warning co-workers to get under their desks — the designated safe spaces for such occurrences.He had been delivering updates on tornado warnings for Volusia and Seminole counties when rainy and windy conditions rapidly worsened, turning images into a blurry gray on the monitor.“We’re catching debris right now on the roof,” Mr. Garner said. “Seek shelter immediately,” he added. “Get under your desks, guys. Anchors, under your…

Dana White, the chief executive of the Ultimate Fighting Championship, is a fight promoter. That means the old saw “all publicity is good publicity” usually applies.But with a simple greeting, the pugnacious ally of President Trump may have stretched the saying to its limit.On the other side of a handshake and a hug from Mr. White at his Power Slap event in Las Vegas on Friday were Andrew and Tristan Tate, the controversial internet personalities who recently left Romania, which they had been barred from leaving while facing criminal charges, including human trafficking in continued form. The travel ban was…

At 12:01 AM on March 4, 2025, President Donald Trump launched the largest trade war in modern US history, imposing tariffs of 25% on Mexican and Canadian imports and doubling duties on Chinese goods to 20%. While some of the tariffs on Canada and Mexico have been eased, tariffs on China remain in place.The reactions have been grim. US consumer sentiment has dropped sharply, GDP estimates have been revised downwards and the markets are in free fall. Economists have been sounding the alarms for a while now. This trade war will most definitely cause the economy to slow down, raising the…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. When all the stocks are down, it’s sometimes worth pausing to appreciate how much specific stocks are really really down. For example: Tesla.Since Tesla hit an all-time high on December 17, the shares have dropped 53 per cent:For the period, Tesla is the world’s third-biggest faller in percentage terms outside of the small-caps:Some content could not load. Check your internet connection or browser settings.By market capitalisation, Tesla has lost $795bn since December 17. The company is now smaller by market cap…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Private equity firms are circling the UK’s beleaguered listed real estate trusts. The interest could help breathe life into the sector after years of underperformance.Assura, which specialises in GP surgeries and other healthcare buildings, on Monday said it had received an indicative takeover proposal from KKR and Stonepeak Partners and was minded to recommend a deal. Meanwhile, Blackstone and Sixth Street have made several proposals for Warehouse Reit. Executives at other firms are nervously trying to work out who among them might…

By now, Ora Larson recognizes what’s happening. “It feels like you’re shaking inside,” she said. “I’m speeded up. I’m anxious.” If someone asks whether she would like a salad for lunch, she doesn’t know how to respond.She has had several such episodes this year, and they seem to be coming more frequently.“She stares and gets a gray color and then she gets confused,” her daughter, Susan Larson, 61, said. “It’s really scary.”Hypoglycemia occurs when levels of blood sugar, or glucose, fall too low; a reading below 70 milligrams per deciliter is an accepted definition. It can afflict anyone using glucose-lowering…

The new district attorney of Los Angeles County said he would ask a court to withdraw a resentencing petition put forward by his predecessor in the case of Lyle and Erik Menendez, two brothers who brutally murdered their parents more than 35 years ago.But a similar effort initiated by a court is expected to go forward, and the chief prosecutor said that his office was prepared for a hearing on that effort, meaning that the process will continue.Thus, the announcement by the district attorney, Nathan J. Hochman, at a news conference in downtown Los Angeles is largely symbolic — a…