Author: News Room

Less than a year ago, executives from FedEx and UPS were talking about how they were handling a flood of packages from China to American consumers.“Explosive” is how Carol Tomé, UPS’s chief executive, in July described the volume of shipments from e-commerce companies selling Chinese goods in the United States. And FedEx’s chief customer officer, Brie Carere, said about those companies in June, “No one carrier can serve their entire needs.”But that torrent is expected to slow to a trickle after President Trump on Friday closed a loophole that had allowed cheap goods from China to enter the United States…

It was always going to be a hard year for Bangladesh. Last summer, amid an economic collapse, protesters toppled a tyrant and pushed the country to the brink of chaos.Then a month ago, as a new government was still working to steady Bangladesh’s economy, came the devastating news that the United States was placing a new 37 percent charge on the country’s goods. Bangladesh relies on revenue from its exports to buy fuel, food and other essentials.President Trump soon paused those tariffs on Bangladesh and dozens of other countries after the world recoiled. But the possibility they will be reinstated…

Times Insider explains who we are and what we do and delivers behind-the-scenes insights into how our journalism comes together.It’s not every day that a person asks a total stranger deeply intimate questions about their life, career and goals. But there I was, on the phone with someone I had found on the internet. And I had big questions, like, “How much money have you saved?” “Why did you quit your job?” And, “What exactly do you want to do with your life?”Even before becoming a journalist, I have been ceaselessly curious — probably uncouthly so — about the philosophies…

The toll for misconduct at the fallen Swiss bank Credit Suisse just keeps getting bigger.Federal prosecutors said on Monday that UBS, which rescued Credit Suisse from the brink of collapse two years ago, would pay $510 million in fines for the role Credit Suisse played in helping clients evade taxes.Credit Suisse, among other moves, helped clients hide more than $4 billion from the Internal Revenue Service in at least 475 accounts, prosecutors said. Credit Suisse’s Singapore office was singled out for holding undeclared accounts for people who owed taxes.The bank pleaded guilty to, in the words of prosecutors, enabling “U.S.…

PUBLIC SERVICEProPublicaThe Pulitzer committee honored ProPublica for the work of Kavitha Surana, Lizzie Presser, Cassandra Jaramillo and Stacy Kranitz for what it called “urgent reporting about pregnant women who died after doctors delayed urgently needed care for fear of violating vague ‘life of the mother’ exceptions in states with strict abortion laws.”Finalists The Boston Globe; The New York TimesBREAKING NEWSStaff of The Washington PostThe Washington Post won for its “illuminating coverage of the July 13 attempt to assassinate then-presidential candidate Donald Trump,” the committee said.Finalists Staff of The Associated Press; Staffs of The News & Observer, Raleigh, N.C., and The…

Ford Motor said on Monday that the Trump administration’s tariff policies were likely to lower its 2025 profit, before interest and taxes, by about $1.5 billion. The company also dropped its forecast for the year, saying that predicting the future had become too hard.Ford is less affected by President Trump’s 25 percent tariffs on vehicles than other automakers because most of the vehicles it sells in the United States are made in the country. General Motors said last week that the tariffs would increase its costs $4 billion to $5 billion this year.“We believe we are well positioned to adapt…

The New York Times won four Pulitzer Prize awards on Monday, including for reporting on Sudan’s civil war and the failures of the United States in the war in Afghanistan, as well as photographs of the moments surrounding the attempted assassination of Donald J. Trump in Pennsylvania.The Times also won in collaboration with the The Baltimore Banner, a nonprofit news outlet, for an investigation into the deadly opioid crisis.The New Yorker won three awards, for commentary and feature photography as well as for its investigative podcast, “In The Dark.”Started in 1917, the Pulitzer Prizes are presented annually by Columbia University…

Senate Democrats are demanding changes to cryptocurrency legislation pending in Congress, responding partly to growing evidence that the Trump family is using its connections and President Trump’s power to profit from crypto trading.The pushback intensified late last week after a closed-door meeting among Senate Democrats in which Senator Chuck Schumer, the Democratic leader, told colleagues they should not commit to voting for the so-called GENIUS Act, a bill backed by the crypto industry.For months, the bill had appeared to be gliding toward passage, with support from both parties, and it was scheduled for a procedural vote this week. But in…

For motorcycle lovers in Sweden, Harley-Davidson is the hottest brand on the road. Jack Daniel’s whiskey beckons from the bar at British pubs. In France, Levi’s jeans are all about chic.But in the tumult of President Trump’s trade war with Europe, many European consumers are starting to avoid U.S. products and services in what appears to be a decisive and potentially long-term shift away from buying American, according to a new assessment by the European Central Bank.In April, Mr. Trump imposed a 10 percent blanket tariff on America’s trading partners, and threatened “reciprocal tariffs” on many of those, including the…

Passengers traveling through Newark Liberty International Airport on Monday were confronted with cancellations and hourslong delays as disruptions to air traffic there extended into a second week.Low clouds on Monday prompted the Federal Aviation Administration to pause departures of planes heading to Newark, leading to delays averaging four hours and exacerbating the travel chaos at one of the nation’s busiest airports. More than 200 flights into and out of Newark had been delayed on Monday morning, according to the tracking site FlightAware.Major flight disruptions started early last week, when the Philadelphia air traffic control center experienced equipment failures and staffing…