Author: News Room

El Aga Khan IV, quien como líder de los musulmanes ismaelitas del mundo fusionó el espíritu empresarial y la filantropía para convertirse en uno de los gobernantes hereditarios más ricos del mundo, murió el martes en Lisboa. Tenía 88 años.Su muerte fue confirmada por su Red de Desarrollo Aga Khan en una publicación en X, la red social. No se indicó la causa del deceso.Sofisticado, cosmopolita y a menudo reacio ante los medios de comunicación, el Aga Khan —nacido como el príncipe Karim al Hussaini— rechazaba la idea de que la expansión de su fortuna personal entrara en conflicto con…

The United States Postal Service announced Tuesday that it had temporarily stopped accepting packages from China and Hong Kong, hours after an order by President Trump took effect that ended duty-free handling of these parcels.The United States imports about 3 million parcels a day with almost no customs inspection and no duties collected — with most of them coming from China. An executive order President Trump signed on Saturday required that, starting Tuesday morning, each parcel must include detailed information on the contents and the tariff code that applies, as well as payment of those tariffs.The provision on low-value parcels,…

Flying helicopters near Ronald Reagan National Airport always carries some risk. But the conditions on the moonless night of Jan. 29, when an Army Black Hawk helicopter and an American Airlines passenger jet collided, were unusually challenging.Many of the factors that contributed to the disaster are still being uncovered as investigators from the National Transportation Safety Board try to reconstruct the collision that killed 67 people. The midair crash, which caused wreckage from both aircraft to tumble into the icy Potomac River below, was the nation’s deadliest aviation accident since 2009.Investigators have said the helicopter was flying about 100 feet…

The Aga Khan IV, who as the leader of the world’s Ismaili Muslims fused entrepreneurship and philanthropy in becoming one of the world’s wealthiest hereditary rulers, died on Tuesday in Lisbon. He was 88.His death was confirmed by his Aga Khan Development Network in a post on X, the social media site. No cause was given.Urbane, cosmopolitan and often media-averse, the Aga Khan — born Prince Karim Al-Hussaini — rejected the notion that expanding his personal fortune would conflict with his charitable ventures. He said his ability to prosper complemented his duty to enhance the lives of Ismaili Muslims, a…

Samuel Butler, a Midwesterner who became a top figure of the Wall Street legal world, advising on transformative takeovers and leading city institutions like the New York Public Library, died on Jan. 4. He was 94.His death, at home in Manhattan, was confirmed by Naren Daniel, a spokesman for Cravath, Swaine & Moore, the law firm where Mr. Butler worked for 47 years.Over a nearly five-decade career as a lawyer — 18 of those years as presiding partner at Cravath, one of Wall Street’s most elite firms — Mr. Butler became a go-to adviser on major mergers and acquisitions, helping…

The Securities and Exchange Commission is moving to scale back a special unit of more than 50 lawyers and staff members that had been dedicated to bringing crypto enforcement actions, five people with knowledge of the matter said.The move is one of the first concrete steps by President Trump and his administration to pull back on the regulation of cryptocurrencies and other digital assets. One of Mr. Trump’s first executive orders was aimed at promoting the growth of crypto and “eliminating regulatory overreach” on digital assets.Some of the lawyers in the crypto unit are being assigned to other departments in…

While he was campaigning last fall, President Trump bemoaned the lack of a U.S.-backed investment fund and promised to create one.“Other countries have wealth funds,” he said. “We have nothing.”On Monday, he took the first step. He issued an executive order that announced the planning for an investment vehicle or a sovereign wealth fund, which would be financed by the United States government.Sovereign wealth funds are investment funds owned by an individual state or government typically created from budget surpluses or revenues from oil or other commodities. These funds may indirectly finance domestic industries as well as a wide range…

Anyone craving the all-day breakfast at Waffle House will have to shell out an extra 50 cents for each egg in their omelet or scrambled eggs, the restaurant chains said on Monday.Waffle House said in a statement that the temporary surcharge, which went into effect the same day, was being added to address the rising cost of eggs resulting from the bird flu.The “continuing egg shortage” caused by highly pathogenic avian influenza, “has caused a dramatic increase in egg prices,” Waffle House said in the statement. “Consumers and restaurants are being forced to make difficult decisions.”Grocery stores and restaurants are…

Amid a national debate on highly processed foods and the rise of weight-loss drugs, PepsiCo is responding by offering healthier versions of some snacks.Early Tuesday, the company reported that revenue in the fourth quarter slipped modestly to $27.8 billion from $27.9 billion a year earlier, while net income rose to $1.5 billion from $1.3 billion. For the year, revenue climbed slightly to about $91.9 billion from $91.5 billion, while net income rose to about $9.6 billion from $9.1 billion a year earlier.As some consumers have felt their wallets pinched by inflation, particularly higher prices for food in recent months, Wall…

It is a question that vexed President Trump eight years ago and has re-emerged as a reason behind his threat to impose tariffs on the European Union: Why don’t Europeans buy cars from the United States?“They make it impossible to sell cars in the European Union,” Mr. Trump told reporters on Monday, reviving a pet peeve from his first term in office. A particular sore spot for the president? Germans and their preference for cars made in Germany.“How many Chevrolets or Fords do you see in the middle of Munich?” he asked.Not many. German cars may be a regular sight…