Oak View Group CEO Tim Leiweke was indicted on a federal criminal conspiracy charge related to allegedly rigging a bid to develop, manage, and operate the University of Texas’ basketball and entertainment arena in Austin, the Department of Justice said Wednesday. Oak View Group, which will pay $15 million in penalties in connection with the allegations, later Wednesday said that ...
President Donald Trump’s budget chief on Thursday said that Federal Reserve Chairman Jerome Powell “has grossly mismanaged the Fed” and suggested he had misled Congress about a pricey and “ostentatious” renovation of the central bank’s headquarters. The broadside by Office of Management and Budget Director Russell Vought opened up a new front in Trump’s war of words against Powell. Trump ...
What’s “Froot Loops” in Italian? The European confectionary company Ferrero has agreed to buy WK Kellogg Co., the manufacturer of iconic American cereals, for $3.1 billion. The acquisition is set to bring the publicly traded maker of Froot Loops, Frosted Flakes and Rice Krispies under the privately owned Italian manufacturer of Nutella, Tic Tac and Kinder chocolates. WK Kellogg, based ...
Doctors in Gaza say they were forced to cram multiple babies into one incubator as hospitals warned that fuel shortages are forcing them to shut off vital services, putting patients’ lives at risk. The UN has warned that the fuel crisis is at a critical point, with the little supplies that are available running short and “virtually no additional accessible ...
Is there a direct link between what US President Donald Trump says and what Russian President Vladimir Putin does? Certainly, the harsh words and bitter violence of recent days in Ukraine suggest the answer is maybe. First, President Trump vented his frustrations at the lack of commitment from his Russian counterpart to engage in a serious peace process. “We get ...
US President Donald Trump praised Liberian President Joseph Boakai for his strong grasp of the English language on Wednesday. But the African leader was educated in Liberia, where English is the official language. As he hosted five African leaders at the White House, Trump asked Boakai: “Such good English, it’s beautiful. Where did you learn to speak so beautifully?” Boakai ...
Russia launched a large-scale aerial assault on Ukraine’s capital Kyiv in the early hours of Thursday, marking a second consecutive night of ferocious attacks on the country, as Russia ramps up its bombardment more than three years into the war. At least two people were killed and more than a dozen were wounded in Thursday’s attacks, which involved multiple drones ...
Former South Korean President Yoon Suk Yeol is back in custody over an independent investigation into his declaration of martial law last year. According to the independent counsel leading the probe, the Seoul Central District Court approved a warrant for Yoon’s re-arrest early Thursday morning, because of concerns over the destruction of evidence. Yoon’s shocking December declaration plunged South Korea ...
Rescuers pulled six crew members alive from the Red Sea after Houthi militants attacked and sank a second ship this week, while the fate of another 15 was unknown after the Iran-aligned group said they held some of the seafarers. The Houthis claimed responsibility for the assault that maritime officials say killed four of the 25 people aboard the Eternity ...
Australian universities may lose funding if they’re not judged to be doing enough to address anti-Jewish hate crimes, according to new measures proposed by the country’s first antisemitism envoy. Jillian Segal was appointed to the role a year ago in response to a surge in reports of attacks against Jewish sites and property in Australia, following Israel’s invasion of Gaza, ...