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PRESS DIGEST-New York Times business news - March 14

ReutersMar 14, 2025 5:42 AM

- The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

- Federal judges in California and Maryland on Thursday ordered U.S. President Donald Trump's administration to reinstate thousands of probationary federal workers who lost their jobs as part of mass firings carried out at 19 agencies.

- The Johns Hopkins University said it will slash over 2,000 jobs in the U.S. and abroad after the Trump administration terminated $800 million in grants to the renowned academic institution.

- Trump threatened to slap a 200% tariff on wine, cognac and other alcohol imports from Europe, opening a new front in a global trade war that has roiled financial markets and raised recession fears.

- The U.S. Department of Housing and Urban Development said it was reviewing all aspects of the Biden-era programme to ensure it was carried out consistent with the agency's core mission.

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