Business
US president Donald Trump says he will sue New York Times for $15bn
US President Donald Trump has said he will sue the New York Times for $15bn (£11bn) over what he called defamation and libel.
“The New York Times has been allowed to freely lie, smear, and defame me for far too long, and that stops, NOW!” Trump posted on his social media platform, Truth Social, on Monday.
He singled out the Times’ endorsement of Kamala Harris in the last presidential election in 2024, saying it had become a “mouthpiece for the Radical Left Democrat Party”.
A spokesperson for the newspaper said the suit was “an attempt to stifle and discourage independent reporting”, adding it “has no merit”.
“The New York Times will not be deterred by intimidation tactics,” the spokesperson added.
Trump said that his lawsuit was being launched in Florida, a Republican stronghold.
He has long expressed displeasure at what he bills left-leaning media outlets unfavourable to his presidency.
In a post late on Monday, Trump took issue at the Times’ endorsement of his election rival, saying: “Their Endorsement of Kamala Harris was actually put dead center on the front page of The New York Times, something heretofore UNHEARD OF!”
In the post he also accused other media outlets or TV programmes of “smearing” him through “a highly sophisticated system of document and visual alteration”.
ABC News and Paramount’s CBS News both agreed to multimillion-dollar payouts to Trump to settle lawsuits brought by the president in recent months.
He has also launched a case against the Wall Street Journal over its reporting on the Epstein scandal.
This is not the first time Trump has sought to sue the New York Times.
In 2023, a judge has dismissed a lawsuit filed by him, then an ex-president, against the New York Times, saying the claims in the lawsuit “fail as a matter of constitutional law”.
The $100m (£79m) lawsuit accused the newspaper and Trump’s estranged niece, Mary Trump, of “an insidious plot” to obtain his tax records.
It was filed in 2021 and relates to a Pulitzer Prize-winning series on Trump’s financial affairs.
Trump also lost another defamation bid in 2023, when he sought in vain to sue CNN for allegedly likening him to Adolf Hitler. A federal judge later threw out the $475m (£369m) lawsuit.
Clarification: This story has been updated to include the lawsuits against ABC News and Paramount which ended with settlements in Trump’s favour.
Business
Heineken to boost British pubs with £44 million investment before World Cup
Heineken has announced a substantial investment exceeding £44 million into hundreds of its pubs across the UK, a move expected to create approximately 850 jobs.
The Dutch brewing giant’s Star Pubs operation, which manages 2,350 sites nationwide, is undertaking this significant financial commitment despite a challenging period for the pub sector.
The industry has faced considerable pressure over the past year, grappling with escalating labour costs and increases in national insurance contributions.
Concurrently, consumer spending has been constrained by concerns over inflation and rising unemployment, further impacting pub revenues. However, pubs did receive additional business rates support from the government last month, aimed at alleviating some of these financial burdens.
Lawson Mountstevens, managing director of Star Pubs, indicated that the investment strategy is partly designed to bolster revenues and help the group navigate the recent “sustained increases in running costs”.
This year, £44.5 million will be allocated to upgrades for 647 pubs. A notable 108 of these venues are earmarked for particularly significant cash injections, with each transformation costing at least £145,000.
Heineken clarified that while the majority of its pubs are group-owned, they are independently operated by local licensees. A key focus for this investment, particularly in the lead-up to the 2026 football World Cup, will be on sports-focused venues.
The pub firm and brewer has a history of significant investment in British pubs, having pumped £328 million into the sector since 2018. Work has already commenced at 52 locations, including eight projects dedicated to reopening boarded-up pubs that have endured lengthy closures.
Mr Mountstevens also urged the government to reduce the tax burden on pubs, arguing it would ease cost pressures and foster further job creation within the industry.
He stated: “We can only do so much; the root-and-branch reform of business rates that the industry has been calling for over many years is urgently required, as well as a lowering of the burden of taxation on pubs, including VAT and beer duty.”
He concluded with a direct appeal: “We are calling on the Government to support us in bringing out the best in the Great British pub.”
Business
GameStop makes $55.5bn takeover offer for eBay
GameStop’s boss Ryan Cohen says he sees potential to make eBay a much bigger rival to Amazon.
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Business
US denies Iranian report warship was struck by missiles
It comes as the US said on Monday it will begin to help “guide” vessels out of the Strait of Hormuz.
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