The Trump administration plans to appeal a temporary court order that blocks the federal government from withholding funds for a $16 billion rail tunnel under the Hudson River. The Gateway Development Commission is building the new tunnel but had to stop construction late Friday because it’s exhausted all of its funding sources. The Trump administration has been in a standstill with Gateway since ...
The Trump administration plans to appeal a temporary court order that blocks the federal government from withholding funds for a $16 billion rail tunnel under the Hudson River. The Gateway Development Commission is building the new tunnel but had to stop construction late Friday because it’s exhausted all of its funding sources. The Trump administration has been in a standstill with Gateway since October, when it halted funding for the tunnel over a new rule that prohibits contracting requirements based on race or sex. New York and New Jersey sued the administration on Tuesday in federal court in Manhattan after Gateway filed its own suit late Monday in an effort to unlock more than $205 million of federal funds in the Court of Federal Claims. US District Judge Jeannette Vargas on Friday sided with the states and ordered the federal government to release the funds. That money may not be coming soon as the US Department of Transportation late Sunday filed a notice of appeal, according to a court filing. The Gateway tunnel under the Hudson River is one of the most ambitious infrastructure projects in the US. It connects New Jersey with Manhattan and will help relieve congestion in the existing tube, which is more than 100 years old. “We are encouraged by Friday’s court decision and will continue to pursue all avenues to regain federal funding,” a spokesperson for Gateway said in a statement late Sunday. A status conference in Gateway’s lawsuit is set for Tuesday in the US Court of Federal Claims.
McSweeney's resignation comes after police launched an investigation into Lord Mandelson over alleged misconduct in a public office. Emails released as part of the Epstein files suggest the peer leaked sensitive government information to Epstein whilst a minister in the last Labour government. The BBC understands that Lord Mandelson's position is that he has not acted in any way criminally and tha...
McSweeney's resignation comes after police launched an investigation into Lord Mandelson over alleged misconduct in a public office. Emails released as part of the Epstein files suggest the peer leaked sensitive government information to Epstein whilst a minister in the last Labour government. The BBC understands that Lord Mandelson's position is that he has not acted in any way criminally and that he was not motivated by financial gain. The Daily Telegraph writes that Sir Keir will "try to draw a line under the scandal" by meeting Labour MPs on Monday. But columnist Tim Stanley warns that the PM "must realise the scandal is all on him".
Blackstone Inc. -led funds and technology investment firm Coatue Capital LLC are providing a $10 billion loan to back the data center rollout of Australian startup Firmus Technologies Pty. , in one of the country’s largest private credit financings. The debt will fund the next phase of Firmus’ artificial intelligence factory platform expansion, backed by chips from Nvidia Corp , according to a com...
Blackstone Inc. -led funds and technology investment firm Coatue Capital LLC are providing a $10 billion loan to back the data center rollout of Australian startup Firmus Technologies Pty. , in one of the country’s largest private credit financings. The debt will fund the next phase of Firmus’ artificial intelligence factory platform expansion, backed by chips from Nvidia Corp , according to a company announcement Monday. The AI infrastructure firm plans to construct data centers of as much as 1.6 gigawatts across Australia by 2028. Investment in AI-related infrastructure such as data centers is projected to hit over $3 trillion , much of which is expected to be be debt-funded. However, investors remain skeptical around valuations and the scale of investment tied to the industry. Blackstone, the world’s largest alternative asset manager, manages $1.3 trillion of assets. Its commitment to Firmus is provided through funds managed by Blackstone Tactical Opportunities and Blackstone Credit & Insurance. READ MORE: Blackstone Is Finalizing $3.5 Billion Loan for Australia AI Firm
(RTTNews) - The Japanese stock market is trading sharply higher on Monday, extending the gains in the previous session, following the broadly positive cues from Wall Street on Friday, with the Nikkei 225 surging 5 percent to above the 56,950 level, with gains across most sectors led by index heavyweights and exporter stocks. The market surge comes after the ruling Liberal Democratic Party, led by ...
(RTTNews) - The Japanese stock market is trading sharply higher on Monday, extending the gains in the previous session, following the broadly positive cues from Wall Street on Friday, with the Nikkei 225 surging 5 percent to above the 56,950 level, with gains across most sectors led by index heavyweights and exporter stocks. The market surge comes after the ruling Liberal Democratic Party, led by Prime Minister Sanae Takaichi, secured a two-thirds supermajority in the lower house in a historic victory. This gives the Takaichi coalition a clear mandate to pursue expansionary fiscal policies. The benchmark Nikkei 225 Index is up 2,711.89 points or 5.00 percent at 56,965.57, after touching a high of 57,337.07 earlier. Japanese shares ended significantly higher on Friday. Market heavyweight SoftBank Group is surging more than 7 percent and Uniqlo operator Fast Retailing is jumping almost 8 percent. Among automakers, Honda is losing almost 1 percent, while Toyota is advancing more than 2 percent. In the tech space, Advantest is soaring more than 14 percent, Screen Holdings is surging almost 6 percent and Tokyo Electron is gaining almost 2 percent. In the banking sector, Sumitomo Mitsui Financial and Mitsubishi UFJ Financial are gaining more than 1 percent each, while Mizuho Financial is advancing more than 2 percent. The major exporters are mostly higher. Mitsubishi Electric is surging almost 6 percent, while Panasonic and Canon are advancing more than 2 percent each. Sony is edging down 0.1 percent. Among the other major gainers, CyberAgent is soaring almost 16 percent and Sumitomo Electric is jumping almost 11 percent, while Taiyo Yuden, Disco, Mitsui Kinzoku and Ibiden are surging almost 10 percent each. Omron is advancing more than 9 percent, while Fujikura, Mitsui Fudosan and Sumitomo Realty & Development gaining almost 8 percent each. Chugai Pharmaceutical and Dai Nippon Printing are adding more than 7 percent each. Conversely, KDDI and Nippon Electric Glass are tu...
Keir Starmer's future is in the balance after his chief of staff quit over the appointment of Peter Mandelson as ambassador to Washington. Rosalind Mathieson reports on how Mandelson's ties to the disgraced pedophile Jeffrey Epstein threaten to engulf Starmer’s government. (Source: Bloomberg)
Keir Starmer's future is in the balance after his chief of staff quit over the appointment of Peter Mandelson as ambassador to Washington. Rosalind Mathieson reports on how Mandelson's ties to the disgraced pedophile Jeffrey Epstein threaten to engulf Starmer’s government. (Source: Bloomberg)
A Hong Kong court will sentence former media boss Jimmy Lai Chee-ying on Monday morning for violating the national security law, closing a chapter of what has become a geopolitical flashpoint between China and the West. Three High Court judges will hand down penalties to Lai, as well as six senior executives of his Apple Daily tabloid-style newspaper, three companies associated with the now-defunc...
A Hong Kong court will sentence former media boss Jimmy Lai Chee-ying on Monday morning for violating the national security law, closing a chapter of what has become a geopolitical flashpoint between China and the West. Three High Court judges will hand down penalties to Lai, as well as six senior executives of his Apple Daily tabloid-style newspaper, three companies associated with the now-defunct outlet and two activists, in what is expected to be an hour-long hearing. Lai, 78, is facing a minimum jail sentence of 10 years and up to life imprisonment following his conviction on two conspiracy counts of collusion with foreign forces under the Beijing-decreed national security law, and a third of conspiracy to print and distribute seditious articles in breach of local legislation. Advertisement Police have ramped up deployment outside West Kowloon Court, with more than 100 officers stationed at the entrance. They set up barricades along the public and media queues and urged journalists not to conduct interviews on the heavily guarded path leading to the building. The “Sabre-toothed Tiger,” an armoured tactical vehicle, is also spotted outside the court. Advertisement Around 15 representatives from Western consulates general, including those of the United States, Britain and the European Union, arrived at the court around 8.45am. Lai’s wife, Teresa Li Wan-kam, and retired cardinal Joseph Zen Ze-kiun were seen entering the court.