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Donald Trump outlined an aggressive plan for opening his second term in an interview that aired Sunday, vowing to move immediately to crack down on immigration and pardon his most violent supporters while threatening to lock up political foes such as Liz Cheney. In his first sit-down broadcast network interview since being reelected, Trump said that on Day 1 of his new administration next month, he would extend clemency to the hundreds of his backers who stormed the Capitol on Jan. 6, 2021, and try to bar automatic citizenship for children born in the United States to immigrant parents. Without giving a time frame, Trump also indicated that he would fire FBI Director Christopher Wray, out of personal pique because «he invaded my home» and was insufficiently certain at first whether Trump's wound during an assassination attempt this year was caused by a bullet or shrapnel. And he said that members of Congress who investigated his role in the Jan. 6 attack should be thrown behind bars.

Subscribe to enjoy similar stories. In 1914, Henry Ford startled his industrialist peers in the US. He raised the wages that Ford Motor Company paid its workers to $5-a-day, twice the market rate, on the rationale (or at least rhetoric) that they too should be able to afford the $440 Model-T cars they rolled off its assembly lines—a factory innovation that crushed unit production cost, cracked open a mass market and whose later adoption for military hardware gave the US an edge in warfare that made it the world’s top power.

shares of Property Share Investment REIT IPO will debut on the BSE platform on Monday. Ahead of the listing, the company's shares had no GMP in the grey market. The REIT IPO of Property Share Investment Trust was fully subscribed on the final day of bidding at 1.19 times at close.

Subscribe to enjoy similar stories. One way of gauging how a country is faring is to track the wealth of its people. India, by that measure, is doing well.

Gold prices inched higher on Monday as investors awaited U.S. inflation data, set for release this week, for insights into the Federal Reserve's monetary policy.

Canadian dollar and Australian dollar were in focus on Monday ahead of their central bank meetings this week, while the euro and other major currencies held steady as traders reviewed the U.S. dollar's prospects. With a quarter point rate cut by the Federal Reserve next week a near certainty as per market pricing, analysts say the dollar is looking tired after its long run-up in the four weeks since Donald Trump won the presidential election.

Assad regime that brutalised, tortured and killed thousands of innocent Syrians over the past half a century is a historic opportunity for the people of the country, outgoing US President Joe Biden said on Sunday. Biden spoke at the White House hours after rebel groups took over the country following more than a dozen years of violent civil war and decades of leadership by Bashar Assad and his family. «After 13 years of civil war in Syria and more than half a century of brutal authoritarian rule by Bashar Assad and his father before him, rebel forces have forced Assad to resign his office and flee the country. We're not sure where he is, but there's word that he's in Moscow. At long last, the Assad regime has fallen,» Biden said. «This regime brutalised, tortured and killed hundreds of thousands of innocent Syrians. The fall of the regime is a fundamental act of justice. It's a moment of historic opportunity for the long-suffering people of Syria to build a better future for their proud country,» he said.

Political tumult in France and South Korea was joined by the fall of Syrian President Bashar al-Assad's regime, which complicated an already fraught situation in the Middle East.

Donald Trump on Sunday said he would go ahead with his plans to deport all illegal immigrants after entering the Oval Office and said at the same time he would make it easier for people to come in, a move that could be helpful to Indians who mostly enter the US legally. «I think you have to do it,» Trump told NBC News in an interview when asked if he plans to deport everyone who is here illegally over the next four years. «You have to have, rules, regulations, laws. They came in illegally. People that have been treated very unfairly are the people that have been online for 10 years to come into the country. We are going to make it very easy for people to come in terms of they have to pass the test. They have to be able to tell you what the Statue of Liberty is. They have to tell you a little bit about our country. They have to love our country,» Trump said. «They can't come out of prisons. We don't want people that are in for murder. So, we had 11,000 and 13,000 different estimates, 13,099 murderers released into our country over the last three years. They're walking down the streets. They're walking next to you and your family. They're very dangerous. You don't want those people in this country,» he said.

Nifty 50, to rank among the worst performing global markets (after France and South Korea), between 27 September 2024 and 5 December 2024, according to data sourced from Reuters-Refinitiv for 22 global indices. The global indices cover the US, Europe, Asia, Russia and Latin America. Moreover, despite recovery in the first week of December, the last 10 weeks performance has also dragged the year-to-date performance of the Indian equity benchmark. The index was ranked second among the 22 global indices (after the Nasdaq Composite) based on returns between 29 December 2023 and 26 September 2024 (the day the Nifty 50 closed at its all-time high). However, after including the performance since the last week of September, the Nifty 50 has dragged to rank 11 in year-to-date performance. The Nifty 50 has delivered -5.6% returns in the last 10 weeks (since 27 September 2024) and 13.7% returns year-to-date. The returns and rankings are based on 5 December 2024 closing values.

Ranjit Babu, head of consumer electronics at Amazon India and former chief executive of its largest seller–Cloudtail, has resigned, adding to the ongoing senior-level churn in the ecommerce marketplace, people said. Babu's resignation follows a restructuring in the company after the exit of its former India head Manish Tiwary recently. Babu has over the years emerged as one of the key executives at Amazon India, dabbling in various roles that oversaw top revenue-grossing categories. He has been associated with Amazon for more than a decade, including his stint at Cloudtail, which was key to the success of Amazon's India operations.

TikTok, which was banned in India in 2020, is now a step closer to meeting the same fate in the United States. A US federal court last Friday rejected TikTok’s appeal challenging a law requiring it to divest from its Chinese parent company or shut up shop next month. ET explains the case and what’s in store for the platform. Why does the US government want to ban TikTok?

Central banks on four continents will make a final flurry of changes to borrowing costs in the coming week, before Donald Trump's return to the White House raises the prospect of global trade turmoil. By the time policymakers from Australia, Canada, Brazil and the euro zone convene for their first scheduled meetings of 2025, the US president-elect will have taken office, and a potential wave of tariffs could be closer to reality. The impending change in America will help cement a particularly unsynchronized phase in monetary policy, as various economies contend with different inflation risks.

Ultratech, Paytm, L&T, Biocon, Alembic Pharma among others will be in focus due to various news developments. L&T Larsen and Toubro (L&T) has overturned a Rs 702 crore customs duty demand following a favourable ruling from the Central Excise & Service Tax Appellate Tribunal.

ET. The executive, who was in India last week, mentioned that Bitget has been actively engaging with regulators over the past few months to obtain the necessary approvals for its local operations. In a conversation with ET’s Vinod Mahanta, Zade discusses Bitget’s plans for India, the impact of the Trump presidency on cryptocurrencies, the ongoing bull run, and the evolving role of crypto in a post-AI world. Edited excerpts: Q) Do you think that crypto has a future in countries like India where regulators are not in favour of digital currencies? As a company, we firmly believe that having regulations is far better than having none at all. Recently, I’ve had the opportunity to engage with some regulators in India, as compliance is a key priority for us. Binance has recently secured registration to operate in India and we are looking forward to getting ours from authorities.

As we noted earlier, Citi's 2024 managing director (MD) class is one of its biggest ever. And yet, some aspiring Citi MDs have fared better than others. Citi's London-based investment bankers appear to have been favoured over their US colleagues. But it's Citi's markets professionals who've done best of all. 

If you, a young student and prospective-investment-banking-summer-intern, thought you were safe for the time being from having to begin the laborious research and preparation process to begin applying for 2026 banking internships, you were wrong. Very wrong.

Citi promoted 344 new managing directors (MDs) this year – one of the biggest promotion rounds in recent history – and there are eyebrows being raised over more than just the list of tech promotions.

Barclays just promoted 66 new managing directors (MDs) in its corporate and investment bank (CIB). We have the list (before everyone else) below. 

Donald Trump says he can’t guarantee his promised tariffs on key U.S. foreign trade partners won’t raise prices for American consumers

Donald Trump confirmed his intention to deport all undocumented immigrants from the United States in an interview with NBC's «Meet the Press» aired Sunday. He also stated his plan to end birthright citizenship. When asked about deporting all undocumented immigrants during his upcoming term, Trump responded, «You have to do it.» He reiterated this commitment later in the interview, saying, «We’re starting with the criminals, and we’ve got to do it.» He acknowledged the logistical challenges involved. Trump also said he would end birthright citizenship. «If we can, through executive action,» he stated, calling the policy «ridiculous.» He suggested he might use executive action on his first day but also mentioned the possibility of a constitutional amendment. “We have to end it,” Trump said.