Author: Press Room

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.US shale oil magnate Harold Hamm is expanding beyond North America, signing a deal with Turkey’s national oil company to develop oil and gas reserves.Hamm’s Continental Resources, in a joint venture with US-based TransAtlantic Petroleum and Turkish Petroleum, plans to explore and extract resources in the Diyarbakir Basin and Thrace Basin, which are the focus of Turkey’s efforts to reduce the nation’s heavy reliance on energy imports.Continental’s overseas expansion marks a strategic departure for its founder Hamm, who was a prominent donor…

Unlock the White House Watch newsletter for freeYour guide to what the 2024 US election means for Washington and the worldDonald Trump has tapped Federal Reserve governor Michelle Bowman to be vice-chair for supervision at the US central bank, a White House official said, elevating a champion of light-touch banking regulation to the post. Trump’s move will be welcomed on Wall Street. Top US financial institutions had been critical of the tougher approach to regulation taken by former vice-chair for supervision Michael Barr — a Joe Biden appointee who recently stepped down from the job. Bowman, who was initially selected…

Release of prisoners comes amid push by Trump administration to bring home US citizens jailed overseas.Kuwait has released a group of American prisoners, including veterans and military contractors jailed for years on drug-related charges, in a move seen as a gesture of goodwill between two allies, a representative for the detainees told The Associated Press on Wednesday. The release follows a recent visit to the region by Adam Boehler, the Trump administration’s top hostage envoy, and comes amid a continued US government push to bring home American citizens jailed in foreign countries. Six of the newly freed prisoners were accompanied on a…

An Illinois lawmaker has introduced a bill that critics say will make it legal for anyone experiencing a mental health episode to attack police officers.Democratic state Rep. Lisa Davis, an attorney in the Law Office of the Cook County Public Defender’s office, introduced House Bill 3458 in February. Under the terms of the legislation, the bill would “[provide] that it is a defense to aggravated battery when the individual battered is a peace officer and the officer responded to an incident in which the officer interacted with a person whom a reasonable officer could believe was having a mental health episode…

Members of a Washington state city council will hold a special meeting just days after appointing a new councilor who identifies as a “bisexual transwoman” while operating an OnlyFans account, according to reports.MyNorthwest.com reported that Jessica Roberts was the Lynnwood City Council’s original choice to fill a vacant seat, though, on Thursday, the council plans to consider rescinding the appointment after it was discovered Roberts had an account on the subscription-based platform where some creators share explicit pictures, videos and messages.While Roberts’ account has been taken down, the account’s bio reportedly identified Roberts as a “bisexual transwoman.” The bio also…

A Washington state community, which is geographically part of Canada, has become collateral damage in the Canada-U.S. trade war. Point Roberts is a community of about 1,100 people and it is located just south of Tsawwassen.However, it relies on British Columbia for much of its commerce.“Half of us here are dual citizens, including me — Canadian and American, half of us,” Point Roberts resident Brian Calder and former president of the Point Roberts Chamber of Commerce told Global News.“So there’s 500 of us here that have very strong ties to Canada. And I get that they’re upset and angry that…

West Australian quick Jason Behrendorff’s life as a short-form specialist will begin with a rich pay day in The Hundred later this year.David Warner has been picked up by Justin Langer’s London Spirit and will return to Lord’s for the first time since he clashed with members during the fiery 2023 Ashes, while Glenn Maxwell and Australian women’s captain Alyssa Healy went undrafted.Langer will work closely again with Perth Scorchers captain Ashton Turner, who also landed at the Spirit.Behrendorff will play for Oval Invincibles as part of a stacked pace attack that includes Ashes-bound English quick Gus Atkinson, both Sam…

ARE XI’S ASSURANCES ENOUGH? According to Xinhua, Mr Xi reportedly told entrepreneurs, also including Mr Ma, Ren Zhengfei of Huawei and Wang Chuanfu of BYD, that it was “prime time for private enterprises and entrepreneurs to give full play to their capabilities”. He assured them that the current difficulties and challenges facing the private sector could be overcome and called for renewed confidence in the future. Mr Xi also vowed to create equal treatment for the private sector and pledged to ensure access to bank loans while addressing widespread illicit law enforcement and administrative actions, including arbitrary fees, fines, inspections…

A customer shops for eggs at an H-E-B grocery store on Feb. 12, 2025 in Austin, Texas. Brandon Bell | Getty ImagesInflation receded in February on the back of easing price pressures for consumer staples like gasoline, groceries and housing, amid worries that President Donald Trump’s tariff policies could stall progress.The consumer price index rose 2.8% for the 12 months ended in February, the U.S. Bureau of Labor Statistics reported Wednesday. That’s down from 3% in January.The deceleration is encouraging after fears in recent months that inflation had become entrenched and wasn’t falling back to target.”Progress is bumpy,” said Michael Pugliese,…

Rodrigo Duterte carried out a war on drugs in the Philippines that rights groups say killed 30,000 people. Sui-Lee Wee, the Southeast Asia bureau chief of The New York Times, explains how Duterte came to be arrested by Philippine police and put on a plane to the Netherlands to face charges of crimes against humanity.