Donald Trump plans to deliver a speech after his arraignment on Tuesday as one of his lawyers said he will move to dismiss the hush money charges against him, telegraphing the ex-president’s early strategy. “I very much anticipate a motion to dismiss coming because there’s no law that fits this,” Joe Tacopina said on CNN’s
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The writer is a contributing columnist, based in Chicago “It’s wrong. Wrong! That district attorney should be disbarred.” Suzanne Windle, 64, voted for President Donald Trump in 2016 and 2020 and she leapt to his defence again, hours after he became the first ex-president in US history to face criminal indictment by Manhattan district attorney
Canada’s natural resources minister has warned the US against waging a “carbon subsidy war” with its allies, saying the Biden administration’s $369bn clean energy package creates an “unlevel playing field” in global trade. Jonathan Wilkinson, a senior member of Justin Trudeau’s Liberal government, said Canada and Europe were seeking to “match” the US Inflation Reduction
Banks are the Achilles heel of the market economy. The combination of risky long-term assets with liquid liabilities redeemable at par is a standing invitation to illiquidity and insolvency. Contagion is also a permanent danger. The events of recent weeks have reminded us of these realities. So, what lessons should be learnt, including in the
UK home secretary Suella Braverman on Sunday insisted that fresh disruption at the Port of Dover was not a consequence of Brexit and would not be a regular occurrence for travellers, after hundreds of people attempting to cross the English Channel were forced to queue for hours. The port, which declared a critical incident on
Switzerland’s Federal Prosecutor has opened an investigation into the state-backed takeover of Credit Suisse by its larger rival UBS. The Bern-based prosecutor is looking into potential breaches of Swiss criminal law by government officials, regulators and executives at the two banks, which agreed an emergency merger last month over the course of a frantic weekend
Donald Trump’s battle with New York prosecutors has been playing out over American airwaves for months, with the former US president’s allies decrying what they claim is a “political witch-hunt” by a partisan district attorney’s office. From Tuesday, however, the skirmishes that matter will take place inside a dilapidated courtroom in downtown Manhattan, between two
“A globally active, systemically important bank cannot simply be wound up according to the ‘too big to fail’ plan,” Switzerland’s finance minister said last weekend. “Legally this would be possible. In practice, however, the economic damage would be considerable.” Fresh from crafting the rescue-by-takeover of Credit Suisse, Karin Keller-Sutter identified a clear problem. Bank resolution,
The chief executive of one of the world’s biggest shipping insurers has warned of the growing risk of a disastrous oil spill after the knock-on effects of sanctions on Russia left thousands more ships without third-party liability cover from “well-tested” insurers. “Nobody will be there to help clear up the mess [without sufficient liability cover],”
Along the bridge to Donald Trump’s Mar-a-Lago resort on Saturday, a small group of supporters gathered in defence of the former president as he prepared to face criminal charges in Manhattan next week. Some brought flags, others had posters, one carried a large cross. They cheered as passing cars honked in approval, and jeered after
Credit Suisse is bracing for a tumultuous annual shareholder meeting on Tuesday, when protesters are expected to vent their anger at the implosion of one of Switzerland’s historic financial institutions. The meeting will take place at a 15,000-capacity ice hockey stadium in the Zurich suburb of Oerlikon. It will be the bank’s first in-person AGM
China’s biggest banks say they have escaped unscathed from the financial crisis in the US and Europe, following the collapse of Silicon Valley Bank and Credit Suisse. China’s top lenders — Industrial and Commercial Bank of China, China Construction Bank, Agricultural Bank of China and Bank of China — have all reported there was no
The fallout from the collapse of Credit Suisse and a handful of US banks will prove a “game changer” for global financial policymaking, forcing a re-examination of the role of deposits, culture and cross-border co-operation, City of London bosses told the Financial Times. The FT’s City Network — a group of about 50 senior figures
Europe’s transition to electric cars is under threat because of persisting shortages of lithium, the key battery component that will power the vehicles of the future. EU plans to ban sales of new petrol and diesel cars by 2035 mean demand for lithium is set to surge fivefold by 2030 to 550,000 tonnes per year
At the age of 15, Akino Imanaka already boasts a fabulous resume. She graduated — as all her teachers expected — at the top of her class, was the natural choice as student president and was picked to represent Oteshima Junior High at countless prestige events. It helped, certainly, that she was her school’s only
UBS has whittled down its shortlist to four management consultants to advise on its integration of rival Credit Suisse, in what is expected to be one of the most lucrative financial services advisory contracts in recent years. Swiss bank UBS is set to decide whether to award the contract to Bain & Company, Boston Consulting
The historic indictment of Donald Trump was the culmination of a four-year investigation marked by unexpected twists and unusual characters. Here is a list of some of the key players: Stormy Daniels The woman at the centre of the story. Daniels, 44, is an adult film star. (Her birth name is Stephanie Gregory). She claims
China launched a review into US chip manufacturer Micron Technology on “national security” grounds, as Beijing retaliates against Washington’s increasing curbs on Chinese access to semiconductor technology. In a statement released late on Friday, the Cyberspace Administration of China said it would review imports of Micron’s products in order to maintain national security, ensure the
Two years on from the January 6 Capitol riots, and following a familiar call to arms from former president Donald Trump, it was widely feared that crowds of his supporters might swarm the streets of New York to protest his indictment by the Manhattan district attorney. But by Friday afternoon, the anticipated hordes were conspicuously absent.
Fox will have to go to trial to defend its coverage of the 2020 US presidential election, a judge ruled on Friday, denying the cable network’s attempt to prevent a $1.6bn defamation case brought by voting machine maker Dominion from being decided by a jury. In a 130-page opinion, Judge Eric Davis of Delaware state
Recharge Industries’ attempt to buy the Britishvolt site is at risk of collapse due to a dispute between the Australian company and administrator EY over a power supply contract signed by the failed battery start-up, according to people familiar with the matter. The Geelong-based business bought Britishvolt’s intellectual property — 23 staff and its prototype