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European Central Bank has cut rates by a quarter percentage point amid signs of weakening growth and concern about the impact of political chaos in France and the possibility of new U.S. import tariffs. The bank's rate-setting committee made the decision on Thursday at its skyscraper headquarters in Frankfurt to lower the benchmark from 3.25% to 3%.

Gold prices edged down on Thursday, but held near a five-week peak, as risk appetite increased ahead of a European Central Bank monetary policy decision and investors awaited U.S. PPI data for signals on the Federal Reserve's interest rate outlook, Reuters reported. Spot gold fell 0.3 per cent to $2,709.89 per ounce as of 1210 (GMT). US gold futures fell 0.5 per cent to $2,742.50. Earlier in the session, bullion hit its highest since November 6, supported by bets that the Fed will cut interest rates again next week after Wednesday's consumer prices data, as per a report on Reuters. The report showed a 0.3 per cent rise, the largest gain since April after advancing 0.2 per cent for four straight months.

Canada and the USA has gone viral and grabbed the attention of the internet. The video claims to have legitimate information for those unemployed in these countries. It further showcases a techie who suggests a step-by-step process for getting the right experience. According to a techie earning $160,000 (Rs 1.35 crore), an extensive certificate, internships or projects will not help. He suggests GitHub or opting for open-source code. He further advised on beginning a contribution to the GitHub project. He warned that the process can be a “long grind” and one may not find much results. But slowly once when an individual starts to get the hang of it, then there will be results and recognition. As soon as the person gains recognition in the community, it becomes very easy to switch or pivot to any job that one wants.

Trump's children's US citizenship would most likely not be impacted by his birthright proposal. As part of his strict measures to reduce illegal immigration, President-elect Donald Trump has suggested abolishing birthright citizenship. Nevertheless, it is untrue to say that his children with immigrants Ivana and Melania Trump would not be granted citizenship under this proposed amendment; all of them were born in the US, and even if they hadn't, their father would have granted them citizenship, as quoted in a report by AFP. On December 8, 2024, an X post with tens of thousands of interactions states, Trump’s plan to end birthright citizenship would mean 4 of his children wouldn’t be considered US citizens.

US Department of State has announced a significant update to the Exchange Visitor Skills List, effective December 9, 2024, eliminating the two-year home residency requirement for J-1 visa holders from 34 additional countries, including India, China, South Korea, Saudi Arabia, and the UAE. However, the update does not apply to J-1 holders bound by government funding or participation in graduate medical education programs, which continue to have restrictions. This marks the first major revision of the list in 15 years and aims to enhance opportunities for global talent retention in the United States.

Arvind Panagariya said on Thursday. He also cautioned that one has to be careful about investments from potentially «unfriendly countries» that might damage the interest of the nation. However, developed countries are accepting investments from China in any particular sector, India can also welcome such investments. «If the US is taking investment from China, if Germany is taking, I would (be) open to their investment. The activities from which you want to exclude are relatively few because I don't see other countries restricting Chinese investment in large number of sectors,» Panagariya said at the CII Global Economic Policy Forum 2024.

Elon Musk. A day after Musk became the first person to surpass $400 billion net worth, Tesla's stock price reached $420 on Wednesday afternoon which prompted responses from social media users and the company's CEO, Elon Musk. «As foretold in the prophecy,» Musk wrote in an X post that included a screenshot of the stock. Tesla stock has reached the threshold previously, but today marked the first time the share price crossed the $420 threshold since the stock split in August 2022.

Bitcoin traded slightly higher at $97,434 on Tuesday, still down over $6,400 from last week's all-time high of $103,900, ahead of key U.S. inflation data later in the day, which is expected to provide insights into future rate trajectories. As of 10:46 am IST, Bitcoin was up 0.8%, trading at $97,434, while Ethereum fell 1.1% to $3,664. During the session, BTC reached a high of $98,270 and a low of $94,321.

Nikkei share average finished at a two-month closing high on Thursday, tracking Wall Street's strength, after an in-line U.S. inflation report boosted expectations of a Federal Reserve interest rate cut next week. The Nikkei climbed 1.21% in fourth straight session of gains to 39,849.14, its highest close since Oct. 15. The index crossed 40,000 for the first time since that day.

Adani Group stocks surged by up to 9% on Thursday after FBI Director Chris Wray announced he would step down from his position early next year. The news follows signals from Republican President-elect Donald Trump indicating his intention to dismiss the veteran official and replace him with Indian-American Kash Patel. The combined market capitalization of all Adani Group stocks increased by Rs 28,000 crores.

MadeGood granola bars are being recalled in Canada over possible metal contamination, the company said.Riverside Natural Foods, the company behind the granola bars, issued a voluntary recall Monday due to the potential presence of metal fragments in the product, which could pose a safety hazard if eaten.“There is a very small risk that some of our granola bar products made between January and November 2024 may contain a piece of metal,” the company said in a statement posted on its Canadian website.“We have addressed the source of the issue and are conducting the voluntary recall with the knowledge of regulatory authorities.”The piece of metal is a small, flat brush bristle, the company added.No injuries have been reported, and the company said it issued the recall out of “an abundance of caution.”Specific products impacted by this recall include the following MadeGood products:Recalled products were produced between January and November 2024 and distributed throughout Canada, the United States and other international markets. Product UPCs and best-before dates included in the recall can be found here.If you have purchased a product that is part of the recall, you can return it to the store where you bought it.

Subscribe to enjoy similar stories. During Donald Trump ’s first administration, China learned that it couldn’t match the much larger U.S. economy’s tit-for-tat when it came to tariffs, and quickly found other ways to try to inflict pain—often by borrowing from his playbook.

crypto as the optimism sparked by President-elect Donald Trump’s embrace of the sector begins to cool. Bitcoin fell below $95,000 at one point on Tuesday, while an index of smaller digital assets slid as much as 15%, one of its biggest intraday drops of 2024.

TikTok and ByteDance on Monday filed the emergency motion with the U.S. Court of Appeals for the District of Columbia pending a review by the US Supreme Court. They warned that without court action the law will «shut down TikTok — one of the nation's most popular speech platforms — for its more than 170 million domestic monthly users.» The Justice Department said the court should not delay the law's effective date arguing «continued Chinese control of the TikTok application poses a continuing threat to national security.»

Donald Trump on Wednesday said he was picking Kari Lake, a former news anchor and a hardline Republican who failed to win an Arizona Senate seat last month, to be the director of U.S. government-funded media outlet Voice of America. Trump, in a post on his Truth Social site, said Lake will «ensure that the American values of Freedom and Liberty are broadcast around the World FAIRLY and ACCURATELY, unlike the lies spread by the Fake News Media.» Lake, a strong Trump supporter who has echoed his false claims about fraud at the 2020 election, also lost the governor's race in swing state Arizona in 2022 and was previously an anchor at Phoenix-based Fox 10.

The justices, who heard arguments on November 13 after earlier deciding to take up the case, dismissed Nvidia's appeal of a lower court's ruling that allowed a 2018 class action — litigation led by the Stockholm, Sweden-based investment management firm E. Ohman J:or Fonder AB — to move forward. The Supreme Court opted not resolve the underlying legal dispute, determining that the case should not have been granted. Its action leaves the lower court's decision in place.

Trump courted crypto campaign dollars with promises to be a «crypto president» and end the Biden administration's crackdown on the sector, but banks are nevertheless unlikely to rush head-first into the volatile asset, bankers said.

Fueled by pricier used cars, hotel rooms and groceries, inflation in the United States moved slightly higher last month in the latest sign that some price pressures remain elevated.

Israel Defence Minister Israel Katz told his U.S. counterpart Lloyd Austin in a phone call on Wednesday there was now a chance for a new deal that would allow the return of all the hostages, including U.S. citizens, Katz's office said. A Western diplomat in the region, however, said a deal was taking shape, but it would likely be limited in scope, involving the release of only a handful of hostages and a short pause in hostilities.

Wall Street's benchmark S&P 500 index rose on Wednesday and a rally in tech stocks lifted the Nasdaq above the 20,000-point milestone for the first time, after a U.S. inflation report boosted expectations of a Federal Reserve interest rate cut. The Dow Jones Industrial Average dipped, dragged by health insurers as U.S. lawmakers introduced a bill seen as crimping their profits.