Author: Press Room

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Portugal’s Algarve has been named the best-value holiday destination for British tourists for the first time in nine years, according to new analysis, due to its cheap meals and sterling’s strength against the euro.The cost of a basket of eight common tourist purchases — including drinks, a meal for two and sunscreen — has dropped 1.6 per cent year-on-year to £58.95 in the Algarve, making it the cheapest of 47 destinations surveyed by Post Office Travel Money, moving up from fifth place…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Klarna has filed for an initial public offering in the US as the Swedish buy now, pay later group presses ahead with its highly anticipated listing despite volatile market conditions. The fintech, which confidentially filed for a listing with the US Securities and Exchange Commission in November, said on Friday that it had applied to the regulator to list its shares on the New York Stock Exchange under the ticker KLAR.The listing would be a significant boost to the subdued IPO market and…

SEOUL: South Korea’s trade minister has asked his US counterpart to exempt the country from reciprocal tariffs if they go into effect in April, the trade ministry said on Saturday (Mar 15). During his visit to Washington this week, Trade Minister Cheong In-kyo met US Trade Representative Jamieson Greer, and stressed that South Korea should not get unfavourable treatment, the ministry said in a statement. US President Donald Trump has announced reciprocal tariffs on all US trading partners from Apr 2. Earlier this month, Trump singled out South Korea for applying high tariffs. He said the US Asian ally’s tariffs…

Despite high tensions between the Trump administration and some of America’s closest allies over tariffs and Ukraine, foreign ministers from the Group of 7 industrialized democracies who were meeting this week in Canada forged common ground in a communiqué that glossed over many of their sharp differences.Top diplomats from Canada, the host of the gathering, the United States, Britain, France, Germany, Italy, Japan and the European Union meeting at the idyllic resort town of La Malbaie in Charlevoix, Quebec, presented a cautiously united front, notably on Ukraine, a key point of divergence since President Trump took office.In a statement released…

Alan Simpson, former Wyoming senator, dies at 93 – CBS News Watch CBS News Former Sen. Alan Simpson of Wyoming died Friday at the age of 93. Simpson was from a bygone era: A conservative who supported gay rights and said abortion was so personal men shouldn’t even have a vote on it. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On

A federal appeals court on Friday allowed the Trump administration’s crackdown on diversity, equity and inclusion programs across the federal government to go forward by pausing a lower-court ruling in Maryland that had blocked enforcement of a series of President Trump’s executive orders.However, the concurring opinions provided by the three judges revealed a sharp political line dividing the jurists on whether diversity was a nonpartisan value of American life or a political philosophy open to scrutiny.Mr. Trump has made aggressive moves to purge diversity initiatives from the government, and administration officials have threatened federal employees with “adverse consequences” if they…

Prime Minister Mark Carney has left Alberta out of his newly-appointed cabinet, despite having two Liberal members of Parliament in the province. Carney was sworn in as Canada’s 24th Prime Minister at a ceremony at Rideau Hall in Ottawa on Friday.The new cabinet includes 24 ministers, which is a significant reduction from the 39 ministers around former Prime Minister Justin Trudeau’s last cabinet.“Cabinets do signal a prime minister’s intentions, and I don’t think Alberta was intentionally snubbed, but I think a lot of people will feel they were snubbed,” said Colin Aitchison, western Canada director at Enterprise Canada and former…

A group of squatters staying in vacant homes deemed a “serious risk” to life have vowed to “fight tooth and nail” to stay following a demolition announcement.

Chinese videostreaming company iQiyi announced March 13, 2025, it will open a theme park later in the year in Yangzhou, Jiangsu province.iQIYIBEIJING — Chinese videostreaming platform iQiyi announced Thursday it plans later this year to open its first full-fledged theme park in China based on characters from its own shows.The forthcoming “iQiyi Land” is set to open in the city of Yangzhou in Jiangsu province, just over two hours from Shanghai by high-speed train. The company said the theme park will include seven types of attractions — including immersive theater, interactive film sets and experiences that use virtual reality —…

For four years, college coaches and administrators have lamented the “wild, wild West” nature of the transfer portal, with athletes hopping from school to school in search of more money, more playing time or a better fit. Now, some universities are invoking a new threat to keep their players: Leave, and you’ll owe us money.Programs are chasing that kind of leverage under the assumption that they will soon be in a position to directly sign athletes to NIL deals without having to depend on outside collectives or individual donors to make arrangements. They would gain that ability with the landmark…