Author: Fatimah Idera

In a recent decision to step down from royal duties with his American wife Meghan, Prince Harry had lost his legal challenge to changes to his security arrangements made by the British government. King Charles’ younger son, Harry, had sought to overturn a decision by the Home Office – the ministry responsible for policing – which decided in February 2020 he would not automatically receive personal police security while in Britain. Last year, the High Court in London ruled the decision was lawful and that decision was upheld by three senior Court of Appeal judges who said that, while Harry…

Amid his wider crackdown on elite universities and the U.S. education system, Donald Trump said on Friday that he had  planned to strip Harvard University of its tax-exempt status by setting up another potential legal fight with the Ivy League school. In a post on his social media platform, without specifying when he might take action, Trump revealed that “We are going to be taking away Harvard’s Tax Exempt Status. It’s what they deserve!”  Representatives for the Internal Revenue Service did not immediately respond to a request for comment on Trump’s post and whether it was revoking the university’s tax-exempt…

The United Arab Emirates (UAE) has shared plan to spend $2bn on one of Donald Trump’s cryptocurrencies, as the move has triggered accusations of a conflict of interest. The Emirati investment firm MGX, which is backed by Abu Dhabi’s sovereign wealth fund, said it planned to do a deal using a so-called stablecoin called USD1. The coin, which is meant to track the value of the US dollar, was developed by World Liberty Financial, a cryptocurrency venture that launched last autumn and is majority-owned by the Trump family. President Trump is listed as the venture’s “chief crypto advocate”, while his…

Following Rachel Reeves’s raid on North Sea oil and gas companies, the FTSE 100 giant has revealed that Shell faces an extra £380m in tax. The oil giant said it expected the Chancellor’s expansion of the so-called energy profits levy – also known as the windfall tax – to cost an additional $509m (£382m) up to 2030. It comes after Ms Reeves extended the levy’s duration by a year while increasing the headline rate of tax paid by North Sea producers from 75pc to 78pc. She also scrapped rules that let companies reduce their exposure by making investments in new…

Ukraine and the U.S. on Wednesday signed a deal heavily promoted by U.S. President Donald Trump that will give the United States preferential access to new Ukrainian minerals deals and fund investment in Ukraine’s reconstruction. The two countries signed the accord in Washington after months of sometimes fraught negotiations, with uncertainty persisting until the last moment with word of an eleventh-hour snag. The accord establishes a joint investment fund for Ukraine’s reconstruction as Trump tries to secure a peace settlement in Russia’s three-year-old war in Ukraine. The agreement is central to Kyiv’s efforts to mend ties with Trump and the…

Google hopes to enter an agreement with Apple by the middle of this year to include its Gemini AI technology on new phones, CEO Sundar Pichai said in testimony at an antitrust trial in Washington. Pichai testified in the Alphabet unit’s defense against proposals by the U.S. Department of Justice which include ending lucrative deals with Apple, Samsung, AT&T and Verizon to be the default search engine on new mobile devices. During questioning by DOJ attorney Veronica Onyema, Pichai said that while Google does not yet have an agreement with Apple to include its Gemini AI on iPhones, Pichai spoke…

The narrowly divided U.S. Senate rejected the latest bipartisan bid to block President Donald Trump’s tariffs on Wednesday, hours after the federal government reported that the nation’s economy contracted for the first time in three years amid the chaos of the president’s tariff policies. Senate Majority Leader John Thune then moved quickly to kill the measure for good before supporters could muster a successful vote on a later date, calling Vice President JD Vance to the U.S. Capitol to break a tie and table the resolution. The measure sought to terminate the national emergency that Trump declared as the basis…

About a month ago , the board members of Tesla reached out to several executive search firms to find a successor for CEO Elon Musk. The current status of the board’s push, which, according to the report, was sparked by Musk’s heavy involvement with the Trump administration, could not be determined. Musk last week said he would cut back significantly the time he devotes to the Trump administration and spend more time running his many companies. That follows widespread investor criticism for his work at the Department of Government Efficiency (DOGE), where he has led efforts to cut federal jobs,…

Brazil’s economy created a net 71,576 formal jobs in March, Labor Ministry data showed on Wednesday, below the 200,000 jobs forecast in a Reuters poll of economists. The figure accounts for 2,234,662 jobs opened and 2,163,086 closed in the period, according to the ministry. It was the weakest figure for March since 2020, and for any month since last December. It compares with over 245,000 net formal jobs created in the same period of 2024, adjusted data showed. Earlier in the day, before the data was released, Labor Minister Luiz Marinho told state media that formal job creation in March…

Visa and stablecoin infrastructure provider startup Bridge are partnering to offer stablecoin-linked Visa cards to customers across multiple countries in Latin America, which the companies say will allow users to make everyday purchases in cryptocurrency tokens. The move comes as the U.S. Congress appears likely to pass a bill creating stablecoin rules for the first time, which experts say could pave the way for more financial firms to use or issue their own stablecoins. Stablecoins, a type of cryptocurrency designed to maintain a constant value, usually a 1:1 dollar peg, are commonly used by crypto traders to move funds between…