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Donald Trump administration, multiple people familiar with the matter told ET. “Ministries and departments are examining various scenarios, apprehending such a move by the US and possible remedies,” one of the persons said. President-elect Trump on Tuesday had said the US will impose reciprocal tariffs on Indian goods because New Delhi imposes high tariffs on American goods. Independent experts said India could relook at import duty on specific products and enhance market access for certain imports from the US to address Trump’s concerns.

The Canadian dollar’s slide continued Wednesday amid expectations for a slower pace of rate cuts from the U.S. Federal Reserve.

Ramsey Solutions personality Jade Warshaw breaks down how to get the most out of your Social Security check and more on ‘The Bottom Line.’

Policymakers voted 11-to-1 to lower the central bank's key lending rate to between 4.25 percent and 4.50 percent, the Fed announced in a statement. This is the final planned interest rate decision before outgoing Democratic President Joe Biden makes way for Republican Donald Trump, whose economic proposals include tariff hikes and the mass deportation of millions of undocumented workers.

Amazon Prime Video has announced that its animated anthology series, Secret Level, will return for a second season. The series draws inspiration from popular video games.

The gift-bearing legend of Santa was introduced to the United States by immigrants, much like many other holiday customs. Our Santa is a cross between the Dutch Sinterklaas, England's Father Christmas, and the Green Saint Nicholas, as quoted in a report by Today. Many children in the United States go to Santa for pictures and to give him their Christmas wishes. They then wait patiently or not for the big day, which is December 25, to see if their wishes are fulfilled.

US Federal Reserve Chair Jerome Powell highlighted a cautious outlook after the central bank cut key interest rates by 0.25% to 4.25% to 4.5%. Inflation has eased but remains slightly elevated, he said, with projections of 2.4% for this year and 2.5% for 2025. Powell noted that inflationary pressures are now «roughly balanced».

Chinese astronauts named Cai Xuzhe and Song Lingdong have reportedly set an absolutely new world record for the longest spacewalk while completing a nine-hour extravehicular activity (EVA) in the month of December this year, reported CNN. According to CNN, this achievement actually surpasses the previous record of eight hours and 56 minutes which was held by US astronauts named James Voss and Susan Helms since the year 2001. The spacewalk was actually conducted outside the Tiangong space station with a major support from their crewmate Wang Haozhe who eventually remained inside. Also Read: New wonder plastic that is bulletproof? Yes! This material is comparable to steel; here's all about the new discovery

Bettina Anderson, Donald Trump Jr.'s new girlfriend, wants a cosy charitable position in the Trump administration. Anderson is a Palm Beach socialite who has stated that she would like to be on one of the advisory committees or community outreach boards of the Trump White House, according to a source familiar with the transition efforts, as quoted in a report by The NY Post. She has been vying for the top position on the President's Committee on the Arts and Humanities. She has been schmoozing insiders at Donald Trump's resort home after his eldest son called it quits with his fiancée of nearly four years, Kimberly Guilfoyle. The breakup occurred at the same time that Guilfoyle was appointed US ambassador to Greece. Trump called the former Fox News host a close friend and ally in a Truth Social post announcing the appointment. He also acknowledged her extensive experience and leadership in law, media, and politics, along with her sharp intellect, describing her as extremely qualified to represent the United States and safeguard its interests abroad.

Trump ally Elon Musk said on Wednesday that U.S. lawmakers who vote for a stopgap measure to fund the government past Saturday should be voted out of office, a move that could complicate the U.S. Congress' efforts to avert a partial government shutdown. «Any member of the House or Senate who votes for this outrageous spending bill deserves to be voted out in 2 years!» the Tesla chief executive and world's richest person wrote on his X social media platform. The federal government will run out of money to fund operations on Saturday unless Congress acts. Negotiators on Tuesday agreed on a deal to extend funding through March 14.

bird flu, is spreading rapidly through milk on US dairy farms. Since March, the H5N1 virus has infected over 850 cattle herds across 16 states, and at least 60 people, mostly farmworkers. California is the current outbreak epicenter. How the virus spreads Scientists initially suspected airborne transmission, but data points to milk as the primary culprit. The H5N1 virus reproduces rapidly in the udders of infected cows, leading to high pathogen levels in milk. Infected milk droplets can splash into workers’ faces, contaminate equipment, and spread the virus to other cows. While pasteurization neutralizes the virus, traces have been found in retail samples of raw milk in California, raising public health concerns.

Donald Trump's most popular talking points during his campaign centered on the future of transgender athletes. Trump revisited the topic multiple times in the months and weeks before the election, suggesting at his rallies that one of the goals of his second term would be to “keep men out of women's sports." Millions were spent on advertising that turned something that affects a tiny minority of competitors into a wedge issue, AP reported. More than half of voters overall — and the vast majority of Trump supporters — said support for transgender rights in government and society has gone too far, according to AP VoteCast, a survey of more than 120,000 voters nationwide. What, exactly, Trump will do when he takes office on January 20 is unclear. His transition team has not divulged any specifics, though the president-elect said during his campaign that the process would be 'easy'.

national security concerns after its home internet routers were linked to cyberattacks, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. In August two U.S. lawmakers urged the Biden administration to probe the Chinese router-manufacturer and its affiliates over fears their Wi-Fi routers could be used in cyber attacks against the U.S., according to a letter seen by Reuters. The Commerce, Defense and Justice departments have opened separate probes into the company, with authorities targeting a ban on the sale of TP-Link routers in the U.S. as early as next year, the report said.

Regarding our current predicament with our neighbours on the continent, I realize it risks a rebuke from Elon Musk to say so but if Americans had elected Kamala Harris last month, we would not currently be in a national panic about access to the U.S. market, and no one within 100 miles of the White House would be making sophomoric jokes about “Governor Justin Trudeau” of the “Great State of Canada.”

It’s not every day, or even every decade, that a big foreign bank decides to have a go at Canada’s retail banking market.

Donald Trump lobbed a fresh taunt at Canada as Prime Minister Justin Trudeau tries to weather a crisis sparked by the sudden departure of a minister who was a bulwark against the U.S.president-elect’s plan to start trade wars with his neighbours.

MMA) fighter Conor McGregor has reached a preliminary agreement to fight American social media influencer-turned-fighter Logan Paul in an exhibition boxing match, the former UFC champion said on social media on Tuesday. McGregor, who was ordered to pay damages last month after a jury in a civil trial at Ireland's High Court found he assaulted a woman in 2018, said the fight would take place in India but did not specify when it would potentially occur. «I am in preliminary agreements with the Ambani family to face Logan Paul in a boxing exhibition in India. I have agreed,» McGregor wrote on X. «I will then seek my return to the Octagon,» he posted.

Wall Street's main indexes opened flat Wednesday, as investors turned cautious ahead of the Federal Reserve's final rate decision of the year and awaited signals on whether policymakers will take a more cautious stance in 2025. The Dow Jones Industrial Average rose 9.8 points, or 0.02%, at the open to 43,459.72.