Euro and British pound tumble against U.S. dollar as markets brace for Trump return

The Treasury believes that relaxing financial regulations will enhance growth, a notion that lacks substantial evidence and may increase systemic risks. In an effort to maintain London's financial attractiveness post-Brexit, it has proposed easing rules for alternative asset managers, despite the lessons learned from the 2008 financial crisis about the dangers of lax regulation. This aligns with Rachel Reeves’s view that a larger financial sector promotes economic prosperity, while the chancellor argues that previous post-crisis...

There’s an irony in relying on artificial intelligence for justice, as the law is traditionally slow and relies on human judgment, while generative AI promises efficiency and accessibility. The author experienced a mix of doubt and fear regarding over-reliance on AI, noting it even cited a fictional case, wasting valuable time. This "AI hallucination" phenomenon has prompted warnings from the Law Society, indicating that lawyers have requested information on non-existent cases, highlighting the potential pitfalls...

SummaryA top official from South Africa's uMkhonto weSizwe (MK) party, Floyd Shivambu, has faced backlash for visiting self-proclaimed pastor Shepherd Bushiri, who fled to Malawi after being charged with rape and fraud. Shivambu praised Bushiri's work in a post on X, prompting condemnation from South Africa's Minister of Justice and his own party, which distanced itself from his actions. Bushiri, currently appealing an extradition request, is accused of exploiting vulnerable communities for personal gain while...

A 45-year-old woman was fatally stabbed in Ayley Croft, Enfield, on the evening of April 19. Despite attempts by the London Ambulance Service and Air Ambulance, she was pronounced dead at the scene, with her family informed and receiving support. The Metropolitan Police have launched a murder investigation but have made no arrests yet, and are appealing for public information, particularly from drivers in the area during the incident, while increasing police presence to reassure...

About the AuthorTOI News DeskThe TOI News Desk is a dedicated team of journalists delivering current and comprehensive news to The Times of India readers worldwide. Committed to excellence in journalism, they gather, verify, and present breaking news and insightful reports on various topics. This trusted source ensures readers stay informed about the latest developments in the ever-evolving global landscape. Full Article

Massachusetts Governor Maura Healey criticized Donald Trump's attacks on Harvard University, stating they harm American competitiveness through cuts in federal funding and the shutdown of research labs and hospitals linked to colleges. Healey emphasized that these actions lead to the loss of researchers to other countries and adversely affect patient care, particularly at teaching hospitals like Boston Children's. The conflict escalated when Trump froze nearly $2.3 billion in federal funding after Harvard rejected his demands,...