Author: Press Room

Toggle Play‘Dumb thing to do’ Canada, Mexico, China condemn Trump tariffsNewsFeedCanada, Mexico and China have condemned US President Donald Trump’s tariffs and retaliated with their own, as Canadian Prime Minister Justin Trudeau labels Trump’s move as “very dumb”. Trump says the tariffs will protect US jobs and prevent trafficking of drugs like fentanyl.Published On 4 Mar 20254 Mar 2025

FIRST ON FOX: An effort to recall Los Angeles Mayor Karen Bass officially launched its website on Tuesday.The Democratic mayor faces significant backlash due to her response to the wildfires that burned through the Pacific Palisades in January, including the fact that she was in Ghana at the start despite dangerous fire condition warnings ahead of time.  If the recall petition meets the threshold of needed signatures — 15% of Los Angeles registered voters — then a special election would be triggered. The group launching the effort includes people directly impacted by the wildfire and other residents frustrated with crime…

President Donald Trump claimed on Tuesday that “agitators” on U.S. college campuses will be permanently expelled from school or even “imprisoned.”Trump made the claim in a post on his Truth Social platform, adding that any education institution that “allows illegal protests” on its campus will no longer receive federal funding.”All Federal Funding will STOP for any College, School, or University that allows illegal protests,” Trump wrote. “Agitators will be imprisoned/or permanently sent back to the country from which they came. American students will be permanently expelled or, depending on on the crime, arrested. NO MASKS! Thank you for your attention…

As the United States pauses military aid to Ukraine amid a deepening rift between the two nations, Prime Minister Justin Trudeau reaffirmed Canada’s unwavering support for Kyiv, drawing a stark contrast with Washington. Speaking to reporters Tuesday, Trudeau said the U.S. seems to be aligning more with Russia amid the ongoing war, emphasizing that Canada continues its support for Ukraine and will not waver in standing against Russian aggression.“We know who our friends are, we know who our opponents are. And there is no question that Vladimir Putin and his attack, not just on Ukraine, but on the rules-based international…

NBA figures have jumped into a “face of the league” debate just weeks after the criticism the All-Star Game received in comparison to the NHL’s 4 Nations Face-Off.A former first-round draft pick out of North Carolina made his case about who he believed the face of the NBA is – Caitlin Clark. Nike banners featuring Caitlin Clark are installed along the eastern side of Des Moines’ Court Avenue Restaurant and Brewing Company on Feb. 20, 2025. (Cody Scanlan/The Register/USA Today Network via Imagn Images)”THE FACE OF THE NBA IS CAITLIN CLARK!!!” ex-NBA guard Rashad McCants wrote in a post Saturday…

Hong Kong firm CK Hutchison is selling its controlling stake in a unit that operates Panama ports to a group including BlackRock, it says as the administration of US President Donald Trump piles up pressure to curb Chinese influence in the region.The sale of licences will result in the consortium gaining a 90 per cent stake in Panama Ports Company, which is the operator of Balboa and Cristobal ports in the country.CK Hutchison has been operating the ports at the canal’s Pacific and Atlantic entrances for more than two decades.Although it is not financially tied to the Chinese government, Hong…

Comments from a member of President Trump’s cabinet over the weekend have renewed concerns that the new administration could seek to interfere with federal statistics — especially if they start to show that the economy is slipping into a recession.In an interview on Fox News on Sunday, Howard Lutnick, the commerce secretary, suggested that he planned to change the way the government reports data on gross domestic product in order to remove the impact of government spending.“You know that governments historically have messed with G.D.P.,” he said. “They count government spending as part of G.D.P. So I’m going to separate…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The UK financial watchdog has banned two former Credit Suisse bankers from working in the sector almost six years after they pleaded guilty to accepting bribes linked to $2bn of “tuna bonds” they arranged for Mozambique.The Financial Conduct Authority’s decision to ban managing directors Andrew Pearse and Surjan Singh is the latest twist in one of Africa’s biggest corruption scandals, which started over a decade ago, wrecked Mozambique’s finances and contributed to the collapse of one of Switzerland’s largest banks.Pearse and Singh…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Germany’s financial watchdog has fined Deutsche Bank €23mn over a series of violations of the country’s securities and payments laws, the latest sign that Germany’s largest lender is struggling to move past its history of regulatory lapses.The fine is BaFin’s second highest on record, behind the €40mn penalty the regulator meted out to Deutsche in 2015 over shortcomings in the bank’s anti-money laundering controls.The bulk of the new fine — €14.8mn — was imposed over flaws in an internal investigation into mis-selling…

Shortly after taking office for the second time, President Trump began making deep cuts to agencies and programs that play critical roles in human health, slashing funding for medical research, halting global health aid and firing scores of workers at the Centers for Disease Control and Prevention.But the campaign to downsize government, which has been led by Mr. Trump and Elon Musk, has also hollowed out agencies and programs devoted to protecting plant and animal health. The recent wave of mass firings hit federal workers responding to the nation’s growing bird flu outbreak, protecting crops from damaging pests and ensuring…