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      Ukraine and U.S. Sign Agreement in Lead-Up to Full Minerals Deal

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      The signed memorandum of understanding was thin on details, and the White House did not comment. But President Trump has said he expects to sign a minerals deal with Kyiv soon.Ukraine and the United States signed a memorandum of understanding late on Thursday as a “step toward a joint economic partnership agreement,” according to Ukraine’s economy minister, bringing both sides closer to a minerals deal that has gone through multiple, contentious rounds of negotiations.The agreement was thin on details. While it referred to the creation of a fund that would invest in reconstruction in Ukraine — which has been devastated by the war Russia has waged since a full-scale invasion in 2022 — it did not specify the source of such revenue.There was no immediate comment from the White House. But the Ukrainian minister, Yulia Svyrydenko, who is also deputy prime minister, announced the agreement in a post on Facebook, after signing it on a video call with the U.S. Treasury secretary, Scott Bessent, who was in Washington. Ms. Svyrydenko said the agreement would “benefit both our peoples.”Mr. Bessent, in his own comments on Thursday afternoon, did not mention he had signed the memorandum but said he expected a full deal next week.Yulia Svyrydenko, the Ukrainian economy minister, announced the signing of a memorandum of agreement with the Treasury secretary, Scott Bessent.Angelo Carconi/EPA, via ShutterstockEarlier drafts of a minerals deal had swiveled between what critics called a brazen extortion of Ukraine by the Trump administration and versions that included points sought by Ukraine, such as references to U.S. support for post-settlement security guarantees.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Columbia Activists Are Being Detained. Protesters Demand Answers.

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      Demonstrators rallied on Columbia’s campus and marched in Manhattan, three days after Mohsen Mahdawi was detained by immigration officials after arriving for a U.S. citizenship appointment.Hundreds of college students, faculty members and others took to the streets of New York City and to the campus of Columbia University on Thursday to protest the federal detention of organizers of pro-Palestinian demonstrations and what they regard as an assault on higher education.The protesters demanded answers about the fate of Mahmoud Khalil and Mohsen Mahdawi, Palestinians who had been involved in campus demonstrations over the war in Gaza.Mr. Khalil, a Columbia graduate and legal permanent resident, was detained on March 8 at his New York City apartment, was sent briefly to a New Jersey detention center and has since been held at a facility in Jena, La. Mr. Mahdawi, who is finishing his undergraduate studies in philosophy at Columbia’s School of General Studies, was detained by immigration officials on Monday after arriving for an appointment in Vermont that he thought was a step toward becoming a U.S. citizen.Thursday’s protest at Columbia, with about 300 demonstrators, rang with chants of “Free Mohsen, free them all — every fascist state will fall,” accompanied by the beat of drums. Organizers handed out medical masks to help students shield their identities, along with fliers promoting a planned student strike.Demonstrators criticized Columbia’s leadership for failing to more aggressively challenge demands by the Trump administration over what the White House described as the school’s failure to protect Jewish students from harassment. The federal government last month cut about $400 million in federal grants and contracts to Columbia.Faculty members turned out in solidarity, condemning what they said was a growing authoritarian crackdown on universities by the Trump administration.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      European Central Bank Cuts Rates Amid ‘Exceptional’ Tariff Uncertainty

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      Policymakers lowered rates a quarter point and said that the region’s growth outlook had “deteriorated” because of rising trade tensions.The European Central Bank cut interest rates on Thursday as policymakers grappled with heightened economic uncertainty, particularly from President Trump’s chaotic trade policies, that is expected to weaken the region’s economy.Policymakers, who set rates for the 20 countries that use the euro, lowered their key rate a quarter point to 2.25 percent. It was the seventh consecutive cut since June as the economic outlook has darkened and inflation has slowed.The region faces the dual challenges of tariffs on goods sent to the United States and diminished demand for exports to other countries as trade uncertainty weighs on the global economy. Europe’s largest economy, Germany, is heavily oriented toward exports.“The economic outlook is clouded by exceptional uncertainty,” Christine Lagarde, the president of the central bank, said on Thursday at a news conference in Frankfurt, adding that all members of the bank’s Governing Council unanimously agreed to the rate cut.Mr. Trump has raised tariffs on nearly all imports to the United States from most countries to 10 percent, increasing the specter of a global trade war. There are also higher tariffs on certain goods like cars and steel, while a trade war with China has pushed import levies between each country above 100 percent.There is still the threat that higher tariffs will once again be imposed on dozens of countries after Mr. Trump’s 90-day pause on reciprocal tariffs expires. The Trump administration is negotiating with countries, but the European Union could face a 20 percent tariff again.

      Source: European Central BankBy The New York TimesWe are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      White House Eyes Overhaul of Federal Housing Aid to the Poor

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      The White House is considering deep cuts to federal housing programs, including a sweeping overhaul of aid to low-income families, in a reconfiguration that could jeopardize millions of Americans’ continued access to rental assistance funds.The potential changes primarily concern federal housing vouchers, including those more commonly known as Section 8. The aid generally helps the poorest tenants cover the monthly costs of apartments, town homes and single-family residences.Administration officials recently discussed cutting or canceling out the vouchers and other rental assistance programs and potentially replacing them with a more limited system of housing grants, perhaps sent to states, according to three people familiar with the matter, who spoke on the condition of anonymity to describe the confidential discussions. The overhaul would be included in President Trump’s new budget, which is expected to be sent to Capitol Hill in the coming weeks.The exact design and cost of the retooled program is unclear, and any such change is likely to require approval from Congress, as White House budgets on their own do not carry the force of law.But people familiar with the administration’s thinking said the overhaul under discussion would most likely amount to more than just a technical change, resulting in fewer federal dollars for low-income families on top of additional cuts planned for the rest of the Department of Housing and Urban Development.Federal voucher programs currently provide assistance to about 2.3 million low-income families, according to the government’s estimates, who enroll through their local public-housing authorities. The aid is part of a broader universe of rental assistance programs that are set to exceed $54 billion this fiscal year. But the annual demand for these subsidies is far greater than the available funds, creating a sizable wait list as rents are rising nationally.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Google Is a Monopolist in Online Advertising Tech, Judge Says

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      The ruling was the second time in a year that a federal court had found that Google had acted illegally to maintain its dominance.Google acted illegally to maintain a monopoly in some online advertising technology, a federal judge ruled on Thursday, adding to legal troubles that could reshape the $1.88 trillion company and alter its power over the internet.Judge Leonie Brinkema of the U.S. District Court for the Eastern District of Virginia said in a ruling that Google had broken the law to build its dominance over the largely invisible system of technology that places advertisements on pages across the web. The Justice Department and a group of states had sued Google, arguing that its monopoly in ad technology allowed the company to charge higher prices and take a bigger portion of each sale.“In addition to depriving rivals of the ability to compete, this exclusionary conduct substantially harmed Google’s publisher customers, the competitive process, and, ultimately, consumers of information on the open web,” said Judge Brinkema, who also dismissed one portion of the government’s case.Google has increasingly faced a reckoning over the dominant role its products play in how people get information and conduct business online. Another federal judge ruled in August that the company had a monopoly in online search. He is now considering a request by the Justice Department to break the company up.Judge Brinkema, too, will have an opportunity to force changes to Google’s business. In its lawsuit, the Justice Department pre-emptively asked the court to force Google to sell some pieces of its ad technology business acquired over the years.Together, the two rulings and their remedies could check Google’s influence and result in a sweeping overhaul of the company, which faces a potential major restructuring.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Israel Strikes Area With Tent Camps for Displaced Gazans

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      The attack on the Mawasi area of southern Gaza killed at least a dozen people, according to the emergency rescue service in the territory. Israel did not confirm the location of the attack.Gaza’s Civil Defense, the local emergency rescue service, reported that an Israeli strike overnight into Thursday in the Mawasi encampment area killed at least a dozen people, including children. The Israeli military did not immediately respond to a request for comment.Nader IbrahimIsrael bombarded an area in southern Gaza with large tent encampments for Palestinians displaced by the war and killed at least a dozen people, including children, the Civil Defense emergency rescue service in the territory said on Thursday.The strike was part of the latest round of attacks on Gaza that killed more than 20 people overnight between Wednesday and Thursday, according to Palestinian officials, who do not distinguish between civilians and combatants in death tolls.One of the strikes hit the coastal area of Mawasi near the city of Khan Younis, an area largely designated by the Israeli military as a “humanitarian zone” where tens of thousands of displaced people have been sheltering in tents.In video distributed by wire agencies, the strike appeared to ignite a fire that burned some tents and rescue workers attempted to douse the flames in the wake of the strike on Mawasi before driving off with the dead and wounded.Atef al-Hout, the director of the Nasser hospital, said in a telephone interview that the bodies of at least 14 people had arrived at the medical facility overnight on Thursday, including seven children. Most were believed to have been killed in the strike on Mawasi, he said.Inspecting damage at the site of an Israeli strike in an area of tent camps for displaced Palestinians in southern Gaza on Thursday.Hatem Khaled/ReutersWe are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      LVMH Names Jonathan Anderson as Dior Men’s Artistic Director

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      A one-sentence statement served as the notice that Mr. Anderson, who reimagined LVMH’s Loewe brand, would lead men’s wear design at Dior.On Thursday, one of the worst-kept secrets in the fashion industry was confirmed, in a brief unceremonious manner. At least part of it.During a shareholders’ meeting, Bernard Arnault, the chief executive of the LVMH Moët Hennessy Louis Vuitton luxury goods empire, let fly that Jonathan Anderson, the former Loewe designer who built that brand from a niche collection into a fashion powerhouse, would officially be stepping in as the head men’s wear designer at Dior.In a terse, one-sentence statement, the brand confirmed that Mr. Anderson had been named the artistic director of its men’s collections and that his first show for the label would be presented June 27 in Paris. The release did not include any quotes from Mr. Arnault or Mr. Anderson, furthering speculation that there was more to the story.Mr. Anderson has long been rumored to be taking over not just Dior Men, but also Dior’s women’s line. For now, Maria Grazia Chiuri is still, officially, the label’s women’s wear designer. She presented her Fall collection for the brand in Kyoto on Tuesday, and is slated to present her 2026 Cruise show in Rome, her hometown, late next month.The truncated announcement for Mr. Anderson comes as LVMH broadly is feeling the pressure. This week it reported a 3 percent year-over-year sales dip, caused by slipping sales in Asia and the United States (though, the declines are heftiest in its liquor businesses) sending its stock down around 8 percent. Dior in particular was said by Cécile Cabanis, the LVMH chief financial officer, to have performed “below the average.”At the shareholders’ meeting, Mr. Arnault announced Mr. Anderson’s appointment in response to a question from an investor, and it may have been an attempt to quell investor fears that the brand wasn’t doing enough to right the ship. Still, it adds to the impression that LVMH, the world’s largest luxury company, is handling news about its loftiest jobs in a reactive, piecemeal manner, in which the rumor mill is often well ahead of official announcements.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      IMF Warns Trump Tariffs Will Weaken Economy and Increase Inflation

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      Kristalina Georgieva, the managing director of the International Monetary Fund, warned in a speech that protectionism erodes productivity.The world economy is expected to grow slower this year and experience higher inflation than previously anticipated, according to new forecasts to be released by the International Monetary Fund that will show the global fallout of the U.S. trade war.The growth projections, to be released early next week, will offer the clearest indication to date of the damage that President Trump’s economic policies are having on global output. Since taking office in January, Mr. Trump has imposed a wide range of tariffs on most of America’s trading partners, while ratcheting levies even higher on imports from China, Canada and Mexico.“Our new growth projections will include notable markdowns, but not recession,” Kristalina Georgieva, the I.M.F. managing director, said on Thursday in a speech ahead of the spring meetings of the I.M.F. and the World Bank. “We will also see markups to the inflation forecasts for some countries.”Ms. Georgieva’s comments added to a growing chorus of top economic officials, including the heads of the Federal Reserve and the World Bank, who have sounded alarms this week about the potential harm that Mr. Trump’s policies could cause.The European Central Bank on Thursday lowered interest rates, saying that “the outlook for growth has deteriorated owing to rising trade tensions.” Central bankers, finance ministers and other policymakers will gather in Washington next week as they continue to grapple with how to respond.Ms. Georgieva was careful in her criticism of the Trump administration’s policies, which have created widespread uncertainty for businesses and are disrupting international supply chains. But she made clear her concerns about the costs of protectionism.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More