Author: Press Room

President Trump’s willingness to pardon allies has spawned a brisk market for executive clemency. Kenneth P. Vogel, a Times reporter who investigates money, politics and influence, looks at some of the people who want pardons.

This State election was the race WA Labor couldn’t lose, but that certainly didn’t stop them trying. 

COLOMBO: IMF chief Kristalina Georgieva pledged to support Sri Lanka’s economic recovery, praising the cash-strapped nation’s “remarkable turnaround” during online talks with its president. The International Monetary Fund managing director promised unspecified help to the South Asian nation during a virtual meeting with President Anura Kumara Dissanayake, his office said Saturday (Mar 8). “The economy has stabilised and is now performing well,” Georgieva said during her overnight meeting with Dissanayake, according to a video clip shared by the Sri Lankan presidency. “This is so important for people, especially for poor people. We see a remarkable turnaround from the days when it…

Israeli drone strikes in Rafah kill three Palestinians amid escalating violence and fragile ceasefire talks in Cairo.Israeli attacks on Gaza have killed three Palestinians and wounded several in the southern governorate of Rafah as Hamas and Egyptian officials meet in Cairo for talks on the future of a precarious ceasefire. On Saturday morning, an Israeli drone targeted a group of people east of Rafah city, killing two Palestinians. Our colleagues on the ground reported that one person was also killed by Israeli fire in at-Tannour, also east of Rafah. Since Friday night, Rafah has been the target of intense Israeli attacks…

He held court in the Oval Office in a T-shirt and blazer with a child clinging to his shoulders. He takes private meetings on Capitol Hill, offering his phone number for senators to voice their complaints, as if they are his constituents. And last month, he brandished a chain saw as he promised to cut spending, to rapturous cheers from conservative activists.Seven weeks into President Trump’s second administration, Elon Musk has not just upended the government. His omnipresence in Washington has also swiftly become an unpredictable factor that could reshape politics across the country.Already, the billionaire’s signature slash-and-burn style and…

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Early evidence is promising. In 2023, the region added 30,000 foreign-born residents, amounting to a 23.2 percent increase in the immigrant population, according to census data. (The New York City area added 88,000, only a 1.5 percent increase.) That was almost enough to offset the loss of 34,000 native-born residents.“We have no choice but to grow, and the way in which we’re going to do that is through migration to St. Louis,” said Dustin Allison, the interim chief executive of Greater St. Louis Inc., the city’s main business group. “I’m really coldblooded about this. I need bodies, because I need…

Bitcoin (BTC) has experienced a notable decline following the announcement of new US trade tariffs, causing uncertainty among investors. As economic concerns grow, BTC’s price fluctuations have led many to reevaluate their positions, with some seeking alternative investments that offer greater stability and long-term growth potential.Amid this market turbulence, Mutuum Finance (MUTM) is gaining strong investor interest, having raised over $2.35 million in its presale. With its decentralized lending model and passive income opportunities, the project is positioning itself as an appealing choice for those looking beyond volatile assets. As BTC struggles with price swings, MUTM continues to attract early…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.How do you know when a bubble has popped? Twenty-five years ago on Monday, a multiyear US stock rally hit its peak and began a precipitous decline that would wipe 77 per cent off the value of the Nasdaq by the time it finally cratered two years later. These days, the dotcom bubble has become shorthand for foolhardy enthusiasm for new technology and blind greed. So many investors were throwing money at blatantly unprofitable internet companies that the markets were bound to…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.It is hard to underestimate the enduring resonance of the 1980s comedy Trading Places in the finance world. The story of the Duke brothers seeking to profit in orange juice futures from ill-gotten inside information was even referenced in a recent speech by Beth Hammack, president of the Cleveland Federal ReserveShe was warning about an issue that is increasingly worrying global policymakers — the amount being borrowed by hedge funds to inflate their trading positions relative to their assets, or leverage. In…