The Trump administration has released Alexander Vinnik, a cybercriminal who pleaded guilty to conspiracy to commit money laundering, to Russia, as part of an exchange that freed American schoolteacher Marc Fogel on Tuesday. Vinnik, who arrived in Moscow on a flight from Turkey on Tuesday after having been released from custody in California, is accused…

U.S. President Donald Trump sits in the Oval Office of the White House in Washington on Feb. 13, 2025. Kevin Lamarque | Reuters Defense stocks dropped sharply Thursday afternoon after President Donald Trump suggested the U.S. could massively cut defense spending. Trump said Thursday at the White House the U.S. could cut defense spending in…

In the aftermath of Donald Trump’s incendiary call with Vladimir Putin, UK ministers and officials have had to do some extraordinary contortions. There is no greater priority in the UK’s foreign policy than keeping the volatile occupant of the White House on side. And that has meant over the past 24 hours that some pronouncements…

The Reform MP Rupert Lowe installed solar panels on his farm to save money on energy bills, despite his party pledging to tax solar energy and claiming renewables are more expensive. The Nigel Farage-led party has been accused of hypocrisy as Lowe also runs a company that installs batteries for renewables projects, which has described…

A gauge of wholesale prices rose more than expected in January, though some details of the report indicated that pipeline inflation pressures are easing. The producer price index, which measures what producers get for their goods and services, increased by a seasonally adjusted 0.4% on the month, compared with the Dow Jones estimate for 0.3%,…

A leading geneticist has called for the profits from windfarms to be used for the mass screening of Scottish islanders at risk of rare cancers and blood disorders. Prof Jim Wilson, who leads a Viking DNA project that has discovered hotspots of rare disorders in Shetland, Orkney and the Western Isles, said that money could…

DUBAI, United Arab Emirates — Hedge fund titan Ray Dalio issued a fresh warning about the U.S. economy, warning of dire consequences if the Trump administration does not cut the country’s debt. “It’s like if I was a doctor and I was speaking with you about your condition, I would say to you, this is…

Elon Musk’s social media platform X will pay Donald Trump $10m to settle a lawsuit the president filed after he was banned from the platform following the January 6 attack on the US Capitol, according to a report. The lawsuit was filed against X under the leadership of its previous CEO, Jack Dorsey. After Musk…

After the Eaton fire tore through Altadena last month, residents of the historically Black Los Angeles neighborhood – many of whom had purchased their homes decades earlier – began putting up signs declaring: “Altadena is not for sale.” However, it appears that the first burned-down property put up for sale is in escrow, just over…

Seven people have been charged over an alleged fraudulent sexual abuse compensation claims scheme that allegedly netted more than $1bn. NSW police alleged that “claim farmers” approached former young offenders, inmates and public school students, encouraging them to file fraudulent compensation claims for historic child sexual abuse while in care. The claims were brought against…