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World Economy Apr 14, 2026

Trump's Federal Reserve Nominee Kevin Warsh Discloses Assets Over $100m

Kevin Warsh, nominated by Donald Trump to lead the Federal Reserve, has disclosed assets worth over…
Kevin Warsh, the former Federal Reserve governor chosen by Donald Trump to lead the central bank, has submitted financial disclosures indicating he holds assets worth well over $100m. This disclosure is a required step for his nomination to advance through the Senate.The document, filed with the US Office of Government Ethics, reveals that Warsh has significant investments, including two worth more than $50m each in the Juggernaut Fund LP and $10.2m in consulting fees from Stanley Druckenmiller's investment office. He has also pledged to divest certain assets if confirmed.Warsh's holdings include around two dozen investments in THSDFS LLC, some valued as high as $5m, as well as assets in artificial intelligence and crypto sectors. His spouse, Jane Lauder, whose family has interests in the Estée Lauder cosmetics company, also had holdings disclosed.The filing is a key step in Warsh's expected confirmation to succeed Jerome Powell as Fed chair, though the timing remains uncertain. A Senate banking committee hearing has yet to be scheduled, and Republican lawmakers have vowed to block his confirmation until a Department of Justice investigation into Powell is concluded.
#warsh #worth #assets
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News Apr 14, 2026

Federal Judge Dismisses Trump’s $10 B Defamation Suit Against Wall Street Journal Over Epstein Letter

A Miami federal judge ruled that former President Donald Trump’s $10 billion defamation claim again…
A Miami‑based U.S. District Judge, Darrin Gayles, dismissed former President Donald Trump’s $10 billion defamation lawsuit against the Wall Street Journal and its proprietor Rupert Murdoch. The case centered on a July 2025 article that linked Trump to a birthday greeting allegedly sent to convicted sex offender Jeffrey Epstein.Judge Gayles concluded that Trump, as a public figure, did not satisfy the stringent “actual malice” threshold required in defamation actions. To prevail, a plaintiff must prove that the media outlet knowingly published false information or acted with reckless disregard for the truth.In his written opinion, Gayles noted that WSJ reporters had reached out to Trump for comment before publishing the story and included his denial, thereby giving readers a balanced view. He wrote, "This complaint comes nowhere close to the actual‑malice standard—quite the opposite."The judge granted Trump permission to file an amended complaint, setting a deadline of April 27 for any revisions.Trump’s original filing labeled the alleged birthday note to Epstein as a “fake” and sought damages for perceived harm to his reputation. The newspaper’s parent company, News Corp’s Dow Jones & Company, defended the article’s accuracy, emphasizing its adherence to journalistic standards.The dismissal adds to a series of legal setbacks for the former president as he attempts to curb reporting on his connections to Epstein. Trump announced on his Truth Social platform that he intends to re‑file the suit within the court‑ordered timeframe.A Dow Jones spokesperson welcomed the decision, stating, "We are pleased with the judge’s decision to dismiss this complaint and stand behind the reliability, rigor, and accuracy of The Wall Street Journal’s reporting."
#trump #epstein #judge
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Us News Apr 13, 2026

Florida Judge Throws Out Trump's Defamation Suit Against Wall Street Journal, Sets 2‑Week Refiling Window

A federal judge in Florida dismissed former President Donald Trump's defamation lawsuit against the…
A federal judge in Miami has dismissed former President Donald Trump’s defamation lawsuit against the Wall Street Journal and News Corp, granting the former president a two‑week deadline to refile the case. Trump’s suit, filed last summer, alleged that a lewd drawing featured in a July 2025 article—purportedly a “bawdy” birthday letter to the late financier Jeffrey Epstein—was fabricated, and that the newspaper published it with actual malice. The complaint also named media mogul Rupert Murdoch, whose News Corp owns the Journal, as a defendant. Judge Darrin P. Gayles ruled that the complaint “fails to adequately allege actual malice,” the legal standard required for defamation actions by public figures. He noted that the Journal had conducted a “significant” inquiry into the authenticity of the drawing and that Trump’s assertion of falsity alone does not prove the newspaper acted with “serious doubts” about the story’s truth. In his opinion, the judge wrote: “Because President Trump has not plausibly alleged that defendants published the article with actual malice, both counts must be dismissed.” He also observed that Trump’s team had not presented evidence of special damages. Under the order, Trump may refile the lawsuit by April 27 with additional proof that the Journal knowingly published false material. A spokesperson for Trump’s legal team confirmed they will pursue a revised filing, emphasizing the administration’s intent to “hold accountable those who traffic in fake news.” The Wall Street Journal and its parent company, Dow Jones, welcomed the decision. A Dow Jones representative said, “We stand behind the reliability, rigor and accuracy of The Wall Street Journal’s reporting.” The dismissal underscores the stringent “actual malice” requirement for defamation suits involving public officials, a threshold that continues to shape media‑law battles in the United States. It also leaves Trump with ongoing litigation against the BBC and other media outlets over separate First Amendment disputes.
#trump #journal #judge
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World Economy Apr 12, 2026

UK remote‑work tribunal claims tumble 13% in 2025 as labour market tightens

In 2025 the number of UK employment tribunal cases involving remote‑working fell for the first time…
The latest analysis by HR consultancy Hamilton Nash shows that 54 employment tribunals in England, Scotland and Wales cited remote‑working issues in 2025 – a 13% decline from the previous year and the first drop since the pandemic began.This marks the end of a six‑year upward trend during which tribunal filings related to remote work surged tenfold from the pre‑COVID baseline of 2019. The number of cases peaked at 62 in 2024 but fell sharply to just six in 2025.According to the Office for National Statistics, 28% of working‑age adults in Great Britain now operate in a hybrid model, splitting time between a traditional office and another location such as home. Yet many large employers, notably financial giants Goldman Sachs and JPMorgan Chase, have intensified return‑to‑office mandates, with some demanding five days a week on site.Employment experts attribute the unexpected dip to broader labour‑market dynamics. The UK unemployment rate rose to a near five‑year high of 5.2% in Q4 2025, while job vacancies have continued to fall, shifting bargaining power back toward employers. As Jim Moore, employee‑relations partner at Hamilton Nash, explains, “Top talent did vote with their feet for a while, but that has changed because of wider issues in the labour market and people saying: ‘I am going to stay put and keep my head down.’”Legislative changes may also be curbing tribunal filings. The amended Employment Relations Act, which introduced a right to request flexible working from day one of a new job in April 2024, appears to encourage employees to resolve disputes internally rather than through the courts.Moore warns that tribunal numbers represent “the tip of the iceberg,” noting that much workplace conflict never reaches a public hearing. Adding to employer confidence, a 2024 tribunal decision rejected a senior manager’s claim against the Financial Conduct Authority for the right to work entirely from home, a ruling that, according to Hill Dickinson partner Padma Tadi‑Booth, “may give some encouragement to employers” to tighten office‑attendance policies.Consequently, some firms are already planning to raise on‑site requirements, moving from two to three days a week or mandating a higher percentage of total working hours in the office.Nevertheless, the backlog of employment tribunals remains a significant hurdle. Over 500,000 cases were pending last year, and claimants can expect waits of up to three years for a hearing, potentially deterring future filings.
#working #employment #some
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News Apr 08, 2026

US Reaffirms Plan to Deport Kilmar Abrego Garcia to Liberia Amid Criticism

The US government has reaffirmed its plan to deport Salvadoran immigrant Kilmar Abrego Garcia to Li…
The United States government has reaffirmed its position that it plans to deport Salvadoran immigrant Kilmar Abrego Garcia to Liberia, despite arguments that doing so would be vindictive.On Tuesday, lawyers for the administration of President Donald Trump told US federal judge Paula Xinis that it remains committed to Liberia as a destination.Abrego Garcia, however, has said that, if he must be deported, he would prefer to be sent to Costa Rica, and the government there has indicated it would accept him.But the Trump administration’s insistence on sending Abrego Garcia to Africa has raised questions about its motive.Critics have accused the US government of seeking retribution against Abrego Garcia, whose case has spurred scrutiny over the legality of Trump’s mass deportation campaign.The case began with a high-profile mistake. In March 2025, less than three months into Trump’s second term, Abrego Garcia was wrongfully deported to his native El Salvador, in violation of a 2019 protection order that found he could face gang violence if returned to the country.The Trump administration, at the time, described Abrego Garcia’s removal as an “administrative error”.Still, it initially refused to seek his return, arguing that Abrego Garcia was a gang member and that, once abroad, he was subject to El Salvador’s leadership. Abrego Garcia, though, had no criminal record at the time of his deportation.Abrego Garcia was imprisoned, first at El Salvador’s Terrorism Confinement Centre (CECOT) and later in a second prison in Santa Ana, El Salvador.Meanwhile, lawyers in the US had turned to US courts to reverse his deportation.In early April 2025, Judge Xinis ruled that the US government had to “facilitate” Abrego Garcia’s return to the country, and later that month, the US Supreme Court upheld her ruling in a unanimous decision.But it was only in June 2025 that Abrego Garcia was brought back to the US. In announcing Abrego Garcia’s return, the Trump administration revealed it would be filing criminal charges against him for human smuggling.He pleaded not guilty, but was forced to remain in jail. The Trump administration had deemed him a flight risk, and his own lawyers feared that stepping out of his jail cell would land him in immigration detention instead.When a court ordered his release in August, this is exactly what happened: Immigration agents took him back into custody within days.Authorities at the time said they would deport him to Uganda. Later, they changed the proposed destination to Liberia.Abrego Garcia was ultimately freed from immigration detention in December, but he continues to fight both his criminal charges and his deportation proceedings.At Tuesday’s hearing, Judge Xinis questioned why the Trump administration would not consider deporting Abrego Garcia to Costa Rica instead of Liberia.She pointed out that the country had recently inked an agreement to accept 25 removals from the US per week.In response, Ernesto Molina, the director of the Justice Department’s Office of Immigration Litigation, suggested that Abrego Garcia could “remove himself” to Costa Rica.But Xinis called the proposal a “fantasy” and noted that he cannot leave as long as the Justice Department is prosecuting him on criminal charges. He is legally required to attend his criminal hearings.After the tense exchange, Xinis set another hearing on the matter for April 28.
#abrego #garcia #trump
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Tech Apr 07, 2026

Anthropic Expands Compute Deal with Google and Broadcom to Power Claude Amid Surge in Demand

Anthropic announced a new agreement with Google and Broadcom to add 3.5 GW of compute capacity, ext…
Anthropic revealed on Monday that it has signed an expanded compute agreement with Google and Broadcom to meet soaring demand for its Claude models. The partnership will bring additional TPU power and 3.5 GW of compute online by 2027, reinforcing the company’s $50 billion pledge to U.S. AI infrastructure. Anthropic Secures Expanded TPU and Compute Capacity from Google and Broadcom The new contract builds on the October 2025 deal that already granted Anthropic more than a gigawatt of Google Cloud TPU capacity. Under the latest terms, Anthropic will: Leverage additional Google Cloud TPUs for Claude model training and inference. Integrate Broadcom‑manufactured AI chips to deliver a total of 3.5 GW of compute. Deploy the majority of the hardware within the United States, aligning with its domestic‑focused strategy. The compute will become operational in 2027, though Anthropic did not disclose exact capacity figures beyond the gigawatt estimate. Scale of the New Compute Commitment: Gigawatts, Funding, and Revenue Growth Financial disclosures highlight the magnitude of the expansion: 3.5 GW of additional compute, as shown in Broadcom’s SEC filing. A cumulative $50 billion investment in U.S. compute infrastructure. Recent $30 billion Series G funding round, valuing Anthropic at $380 billion. Run‑rate revenue now at $30 billion, up from $9 billion at the end of 2025. Over 1,000 enterprise customers each spending more than $1 million annually. Strategic Implications for the U.S. AI Landscape and Enterprise Adoption The expanded compute footprint strengthens Anthropic’s position in a market where U.S. policy and supply‑chain concerns are increasingly influential. Key takeaways include: Reduced exposure to foreign hardware risk, addressing the Defense Department’s earlier labeling of Anthropic as a supply‑chain concern. Enhanced ability to serve large‑scale enterprise workloads, reinforcing Claude’s appeal to high‑spending corporate clients. Potential competitive pressure on rivals such as OpenAI and Microsoft, who are also racing to secure domestic compute capacity. Outlook: How Anthropic’s Compute Expansion Shapes Future AI Competition Analysts expect the new compute resources to enable Anthropic to: Accelerate model iteration, narrowing the performance gap with next‑generation rivals. Offer more customized solutions to enterprise customers, driving higher average contract values. Leverage its U.S.-centric infrastructure to win government contracts and avoid regulatory headwinds. If demand continues its current trajectory, Anthropic could see its revenue run‑rate exceed $50 billion by 2029, positioning it as a dominant player in the commercial AI space.
#Anthropic #Google #Broadcom
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Tech Apr 07, 2026

Toronto Neighbourhood Divided Over AI-Powered Surveillance Plan

A Toronto neighbourhood is divided over a plan to use AI-powered surveillance to create a 'virtual …
A controversy has erupted in Toronto's affluent Rosedale neighbourhood over a proposed AI-powered surveillance system aimed at curbing the area's high property crime rates. The plan, championed by resident Craig Campbell, involves installing cameras that scan licence plates to identify suspicious vehicles.The system, developed by US-based company Flock, uses AI to learn which cars belong to residents and which are potentially suspicious. The technology has sparked concerns about privacy, bias, and surveillance. While some residents see it as a necessary measure to enhance safety, others are worried about the implications of such a system.Rosedale has experienced a significant rise in home invasions, with robbers targeting the neighbourhood at a rate more than double the city average. Crime rates in Toronto as a whole have been declining, but residents are seeking solutions to address their concerns. Campbell, who runs a security company and holds the Canadian licensing rights for Flock, proposed the plan as a way to create a 'virtual gated community.'The system would involve an initial group of 100 residents paying a C$200 monthly subscription to access the technology. The cameras collect licence plate data, which is retained for 30 days, and police can only access the data with legal authorization. While the system does not use facial recognition, concerns about AI bias and profiling have been raised.Flock claims its network of over 90,000 cameras has helped reduce crime by up to 70% in some communities. However, the company has faced scrutiny in the US for its collaboration with law enforcement and allegations of mass surveillance. In Canada, privacy laws are stricter, and regulators are likely to view the network as a data collection system subject to the Personal Information Protection and Electronic Documents Act (Pipeda).The Toronto police have acknowledged residents' concerns about safety but have not commented on the legality of the proposed system. The city's privacy commissioner has emphasized the need for companies to inform individuals and obtain consent before collecting and using personal information.
#Toronto #AI-powered surveillance #virtual gated community
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News Apr 05, 2026

DR Congo to Accept US‑Deported Third‑Country Nationals Under Controversial Trump Deal

The Democratic Republic of the Congo will begin receiving third‑country nationals deported from the…
The Democratic Republic of the Congo (DRC) announced that it will start receiving "third‑country" nationals deported from the United States this month, following a newly‑signed arrangement with the Trump administration. The Congolese Ministry of Communications confirmed the upcoming arrivals but did not disclose the expected number of deportees.Described by Kinshasa as a temporary measure, the deal is framed as a demonstration of the DRC’s "commitment to human dignity and international solidarity." Under the terms, the United States will bear all costs, meaning the Congolese government incurs no financial burden.The agreement arrives amid broader U.S. diplomatic efforts to broker a peace settlement between the DRC and Rwanda and to secure American access to the region’s critical minerals. Analysts suggest the deportation pact may be leveraged as diplomatic goodwill in these negotiations.Human‑rights advocates have sharply criticized the practice of third‑country deportations. The United States has previously transferred migrants to African states such as Ghana, Cameroon, Equatorial Guinea and Eswatini, prompting legal challenges and concerns over due‑process violations. In Uganda, legal groups recently announced that a dozen deportees were slated to arrive under a similar deal, with the Uganda Law Society filing a court challenge."Our perspective of the matter is broader than a single act of deportation. We view it as but one gust from the ill winds of transnational repression that are blowing across our world," said Asiimwe Anthony, vice‑president of the Uganda Law Society.The US Committee for Refugees and Immigrants notes that third‑country deportations have been systematically pursued since February 2025, raising serious due‑process and safety concerns for individuals who have no choice over their destination.According to a report by the Democratic staff of the US Senate Foreign Relations Committee, the Trump administration has already spent $40 million to relocate roughly 300 migrants to nations where they are not citizens, underscoring the scale and financial commitment of the policy.
#third-country #deportees #list
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Politics Apr 05, 2026

Trump Administration Seeks to Resume White House Ballroom Construction Citing National Security

The Trump administration has filed an emergency motion to resume construction on the White House ba…
The Trump administration has filed an emergency motion to resume construction on its White House ballroom project, citing national security concerns. The project, which has been temporarily halted by a court decision, is estimated to cost nearly $400m and has sparked controversy over its potential impact on the White House's historic design.Lawyers for the Trump administration and the National Park Service have called the court decision to pause construction 'shocking, unprecedented, and improper'. They argue that the court-ordered suspension has left a 'massive excavation' site next to the executive mansion, threatening grave national-security harms to the White House, the President and his family, and the President's staff.The motion outlines various security measures slated to be incorporated into the ballroom project, including drone-proof roofing materials and glass meant to withstand bullets and blasts. 'Time is of the essence,' the motion reads.The court filing is the latest response from the Trump administration to a March 31 ruling from Judge Richard Leon, an appointee of former Republican President George W Bush. Judge Leon had issued a 35-page ruling ordering construction on the project to stop, citing the need for congressional approval for a project so transformative.The Trump administration has appealed Leon's injunction against the project and has claimed broad authority to make changes to the White House, citing past renovations under earlier presidents. The project has grown from a $200m structure to a nearly $400m one, by current estimates, and is set to span 90,000 square feet.
#Trump Administration #White House #National Security
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