Economy

Tariff crisis  Trump's tariff policy
US tourism industry lures Canadians with discounts

The tourism industry in several American cities is doing everything in its power not to miss out on the travel budgets of its northern neighbors during the trade war, writes the Financial Times.

In New York, businesses are offering "Northern neighbor deals" with heavily discounted prices on hotels, flights, restaurants and attractions.

"New York loves Canada. We're lucky to have neighbors like you!" says the state's official tourism website.

In Las Vegas, Canadians are being offered the opportunity to exchange one Canadian dollar for one American, even though the exchange rate is 72 cents.

The Jay Peak Resort in Vermont has written an open letter to Canadians.

"We don't want to tell people what to think about tariffs, trade and politics, but we have an opinion on anything that increases the distance between good neighbors. We don't like it," writes manager Steve Wright.

Russian invasion  Ukraine's response
Fired minister sets up defense fund for Ukraine

Ukraine's fired defense minister Mykhailo Fedorov has set up a defense technology fund for which he is now seeking American investors, he tells the Financial Times.

“It's not a classic venture capital fund. We're writing about the history of war,” he says.

The fund has three focus areas: war robots that can replace human soldiers on the front lines, fast and cheap air defense drones that can shoot down Russia's new jet-powered attack drones, and cheap AI-guided missiles.

Fedorov also says he would be happy to help the United States build a "drone army" in exchange for Patriot air defense missiles so that Ukraine can protect itself against Russian ballistic missile attacks.