Author: Press Room

An appellate judge in New York temporarily lifted Trump’s limited gag order in his NY fraud trial.The gag had barred Trump and his lawyers from spoken or written attacks on the judge’s law staff.Trump can say what he wants for now, while a full appellate panel weighs if the gag stays off. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app An appellate judge on Thursday lifted, for now, a gag order that had barred Donald Trump and his lawyers from attacking the legal staff…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Apple said on Thursday it will roll out a software update next year that will improve messaging between iPhones and Android phones, as the smartphone maker faces pressure to make its system more compatible with rivals. The company said the update will allow for improved interoperability with Android, such as the sharing of higher-resolution images, as well as better group messaging and location sharing. The move comes as the tech giant faces potential EU rules that would force its iMessage to work…

© Reuters. Cars and containers are seen in the port of Lazaro Cardenas November 20, 2013. REUTERS/Edgard Garrido/File Photo MEXICO CITY (Reuters) -The International Monetary Fund’s executive board has approved a two-year, $35 billion flexible credit line for Mexico, it said in a statement on Thursday, noting the Latin American country’s economy is undergoing a broad-based expansion. The Mexican authorities stated their intention to treat the new arrangement as precautionary and are set on maintaining prudent policy going forward, the statement added. This is Mexico’s tenth flexible credit line arrangement since 2009, and the country has reduced amounts of the…

© Reuters. FILE PHOTO: The Aston Martin logo is seen on a V12 Vantage car at the company’s factory in Gaydon, Britain, March 16, 2022. Picture taken March 16, 2022. REUTERS/Phil Noble/File Photo By Anousha Sakoui (Reuters) -The Aston Martin Formula One team said on Thursday it had agreed on an investment by U.S. private equity firm Arctos Partners in exchange for a minority shareholding. The stake sale, terms of which were not disclosed, values the racing group at 1 billion pounds ($1.24 billion), a person with knowledge about the matter told Reuters. “They share our vision for our ultra-luxury brand,…

RoschetzkyIstockPhoto Archer Aviation (NYSE:ACHR) announced on Thursday that the eVTOL company signed a memorandum of understanding with Air Chateau International detailing the purchase of 100 Midnight aircraft worth up to $500M. Air Chateau was noted to be one of the leading private aviation operators in the United Arab Emirates. The deal terms include an initial non-refundable, pre-delivery payment of $1M by December 31. Air Chateau plans to own and operate the Midnight aircraft in the region. The two companies will now work to formalize the definitive agreements covering the planned purchase over the coming months, with $4M of additional pre-delivery…

DHAKA – Bangladesh is grappling with a dollar shortage amid the ongoing global economic challenges, with its foreign exchange reserves dipping to $19.6 billion. The country’s reserves, which are sufficient to cover just over three months of imports, have been under pressure due to a combination of rising import costs and a decline in exports and remittances. This situation has been further exacerbated by the economic fallout from the Russia-Ukraine conflict, leading to heightened prices for fuel and food. The Central Bank of Bangladesh has attempted several measures to mitigate the crisis, including controlling imports, selling dollars from its reserves,…

Negotiations in Congress over a warrantless surveillance law are intensifying as it nears its expiration date. The debate has come during what national security officials say is a surge in threats fueled by the Israel-Hamas war.But whether lawmakers will reach consensus and pass any bill that would renew the law, known as Section 702, before the deadline on New Year’s Eve remains far from clear. National security officials have lobbied Congress for nearly a year to reauthorize the law, and privacy advocates have urged lawmakers to include various reforms in any legislation.Surveillance law scrambles the usual partisan lines, with national…

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Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.IBM has said it has pulled its global advertising from Elon Musk’s X following a report that the social media platform ran the tech company’s adverts alongside pro-Nazi material, in a fresh blow to the company’s efforts to bring back sales revenues. On Thursday, left-leaning non-profit Media Matters put out a report saying it had found adverts from big brands including IBM, Apple, Oracle and Comcast’s Xfinity and Bravo running next to content “that touts Adolf Hitler and his Nazi Party”.“IBM has zero…

© Reuters. FILE PHOTO: Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. REUTERS/Rick Wilking/File Photo By Jamie McGeever ORLANDO, Florida (Reuters) – The U.S. high yield bond market is the dog that has rarely barked, never mind bitten, during the Federal Reserve’s most aggressive interest rate-raising campaign in 40 years. The economy’s remarkable resilience to that monetary tightening, and cooling inflation, are the obvious explanations why spreads have remained well behaved. The ‘junk’ bond market may also contain less junk than it used to. Many companies at…