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.…

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…

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…

A wave of sorrow has swept through the nursing communities in both the UK and Nigeria following the tragic death of Nnena Miriam, a Nigerian nurse based in Leeds. Her body was discovered in her apartment after friends and colleagues grew concerned over her sudden disappearance. Fellow Nurses Africa, a professional body committed to the advancement of African nurses, confirmed her passing in a statement released on Wednesday. According to…

LONDON, UK — May 3, 2025 — The Reform Party has made history again, winning the Runcorn and Helsby by-election by the narrowest margin in modern UK electoral history — just six votes. This unexpected victory gives Reform UK a total of five seats in the UK House of Commons, deepening its impact on British politics and challenging the traditional two-party dominance of Labour and the Conservatives. The by-election was…

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…

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…

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…

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…

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…

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…

U.S. President Donald Trump said on Tuesday that there were referrals for fraud made to the Justice Department based on the findings of the Department of Government Efficiency, the cost-cutting agency that Trump ally and billionaire Elon Musk spearheaded. In an interview with ABC News aired on Tuesday, Trump said, “Of course, there have been referrals for fraud from the work of DOGE.” Trump did not give details on who…