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President-elect Donald Trump is threatening 100% tariffs against a bloc of nine nations if they act to undermine the U.S. dollar

Subscribe to enjoy similar stories. Given Donald Trump’s nominees for key cabinet positions so far, it appears that the US president-elect is determined at least to try to deliver on many of his campaign promises. If so, the current news cycle may have come as a welcome surprise to those who have grown tired of elected leaders making promises they have no intention of keeping.

Subscribe to enjoy similar stories. In a few weeks, when Donald Trump takes over as US President once again, people will wonder if things might have been different had his opponent been someone other than Kamala Harris. By which, they also mean someone with a better game, who was not so ordinary.

Elon Musk says the United States need more electricians, plumbers, and carpenters than political science majors. Musk said electricians and plumbers are a lot more important than incremental political science majors. “I have a lot of respect for people who work with their hands. We need electricians, plumbers, and carpenters. That's a lot more important than having incremental political science majors," Musk said.

Donald Trump, the US President-elect, has appointed Kashyap 'Kash' Patel as the new Director of the Federal Bureau of Investigation (FBI). This move makes Patel the second Indian-American to be included in Trump’s cabinet. Patel, a long-time Trump loyalist, has held several significant roles in the US government, including Chief of Staff at the Department of Defense and Deputy Director of National Intelligence during Trump’s first term. In his announcement on Truth Social, Trump praised Patel as an «exceptional lawyer, investigator, and 'America First' advocate» and emphasised his commitment to exposing corruption and upholding justice. Trump highlighted Patel's past work, which included playing a key role in debunking the «Russia, Russia, Russia» investigation and defending the Constitution. «Kash delivered remarkable service during my first term, holding positions such as Chief of Staff at the Department of Defense, Deputy Director of National Intelligence, and Senior Director for Counterterrorism at the National Security Council,» Trump wrote.

BRICS countries regarding the latter's de-dollarisation efforts as an economic war on the developing nations. In an X post, Trump threatened BRICS countries that his administration would impose 100 per cent tariffs on all imports from those countries, should they dare to launch their currency. With growing global fragmentation, and geopolitical and geostrategic shifts, de-dollarisation plans are gathering currency. On the other hand, BRICS countries are working on reducing dollar dominance in the global financial system by replacing it with a new global currency.

equity market in November, mainly due to the rising US bond yields, strengthening dollar and expectation of a slowdown in the domestic economy. While the sell-off continues, the quantum of net outflow significantly reduced compared to October, when FPIs recorded a massive withdrawal of Rs 94,017 crore (USD 11.2 billion). With the latest pull out, Foreign Portfolio Investors (FPIs) have experienced total net outflow of Rs 15,019 crore in 2024 so far.

Elon Musk has again asked a US court to stop ChatGPT-maker OpenAI from converting into a for-profit enterprise, CNBC reported Saturday. Attorneys representing the billionaire and his AI startup, xAI, filed the injunction Friday, the financial news site reported. The injunction also requests that OpenAI be stopped from allegedly barring its investors from funding competing companies.

Southwest Airlines is ending its cabin service earlier starting next month

Republicans swept to power on Election Day and now control the House, the Senate and the White House, with plans for an ambitious 100-day agenda come January

Canadian Prime Minister Justin Trudeau is returning home after his meeting with Donald Trump without assurances the president-elect will back away from threatened tariffs on all products from the major American trading partner

Taiwan President Lai Ching-te was feted with a red carpet, garlands of flowers and «alohas» as he kicked off his two-day stopover in Hawaii on Saturday, part of a Pacific tour that has sparked fiery rhetoric from Beijing. China claims Taiwan as part of its territory and has responded to Lai's first overseas trip as president with threats to «resolutely crush» any attempt for independence. Looking relaxed in a Hawaiian shirt, Lai flitted around the US island state, visiting a Pacific island history museum, an emergency management centre and the USS Arizona Memorial in Pearl Harbour.

Donald Trump prepares for his second term as US President, his aggressive trade stance is already creating ripples in the global economy. A key element of his protectionist policies is the threat of imposing 100% tariffs on BRICS countries, including India, if they move away from using the US dollar in international transactions. This bold stance, declared through a scathing social media post, could have severe consequences for India’s exports, particularly in critical sectors such as pharmaceuticals, textiles, and information technology. Trump’s remarks come in response to discussions among BRICS nations, which include Brazil, Russia, India, China, and South Africa, regarding the possibility of reducing their reliance on the US dollar for trade. A summit held in Russia in October focused on increasing local currency transactions, a move that Trump has now vowed to challenge. “The idea that the BRICS Countries are trying to move away from the Dollar while we stand by and watch is OVER,” Trump wrote, warning that any country attempting to replace the dollar with another currency would face significant tariff hikes. Also Read: Trump threatens 100% tariff on BRICS countries over currency plans

Donald Trump says a surprise meeting with Justin Trudeau at his Florida home was “very productive,” after the prime minister flew down to discuss the growing threat of American tariffs on Canadian goods, the border and national defence.On Friday evening, Trudeau landed in Florida and travelled to Trump’s Mar-a-Lago club for a hastily arranged dinner and discussion with the United States’ incoming president that a senior Canadian government source said was successful.In a post on his social media site, Truth Social, Trump said the meeting between the two had gone well.“I just had a very productive meeting with Prime Minister Justin Trudeau of Canada, where we discussed many important topics that will require both Countries to work together to address,” Trump wrote.He said the two had discussed the illegal fentanyl and the toxic drug overdose crisis, as well as what Trump called “the massive trade deficit” between the United States and Canada.“I made it very clear that the United States will no longer sit idly by as our Citizens become victims to the scourge of this Drug Epidemic, caused mainly by the Drug Cartels, and Fentanyl pouring in from China,” Trump wrote. “Too much death and hardship!”A senior Canadian government source told Global News the meeting, which ran from around 7:45 p.m.

Tesla CEO Elon Musk celebrated Thanksgiving with US President- elect Donald Trump and his family at Mar-a-Lago in Florida while highlighting their close relationship since Donald Trump's US Presidential election victory. According to Business Insider, the event included notable guests like Sylvester Stallone and Elon Musk's mother, Maye. Business Insider reported that videos from the dinner show Elon Musk and Donald Trump dancing to the classic song ‘YMCA’ with Donald Trump playfully engaging Elon Musk and encouraging his son Barron Trump to join in the fun. Elon Musk also later shared on social media that he discussed Sylvester Stallone's film Demolition Man with the actor during the festivities.

JPMorgan Chase CEO Jamie Dimon has been engaging in secret discussions with US President- elect Donald Trump regarding his economic policy agenda both before and after the recent US Presidential election, reported New York Post. According to New York Post, sources close to Donald Trump’s transition team revealed that Jamie Dimon has acted as a ‘sounding board’ for Donald Trump while discussing critical issues such as government spending, banking regulations, taxes and trade. These conversations reportedly began during Donald Trump's campaign and have continued post-election which eventually facilitated by Donald Trump's aides to maintain confidentiality and prevent leaks. Also Read:Cyber Monday 2024: Target and Walmart unleash massive discounts | Top Deals

Amazon workers across more than 20 countries which include the US are actually planning to strike from Black Friday through Cyber Monday as part of the 'Make Amazon Pay’ campaign, reported New York Post. This initiative aims to hold the company accountable for alleged labor abuses, environmental degradation and threats to democracy. According to New York Post, organizers from UNI Global Union and Progressive International stated that the strikes are intended to unify workers globally against the corporate exploitation. The protests will take place in major cities worldwide which will be including the US, UK, Germany, Japan, Brazil, India and Turkey, asserted New York Post. Striking workers will be supported by various unions and advocacy groups.

Hamas's armed wing published a video Saturday of an American-Israeli hostage held in Gaza since the October 7, 2023 attack on Israel. In the video, whose date cannot be verified, Edan Alexander addresses US President-elect Donald Trump in English and Israeli Prime Minister Benjamin Netanyahu in Hebrew. He calls on Israelis to put pressure on the government to secure the release of the hostages seized on October 7.

Justin Trudeau said Saturday he had an «excellent conversation» with Donald Trump at his Mar-a-Lago club after the president-elect's threat to impose significant tariffs on two of America's leading trade partners raised alarms in Ottawa and Mexico City. It was unclear, as Trudeau headed back to Canada from Florida, whether the conversation had alleviated Trump's concerns. A person familiar with the details of the leaders' hastily arranged meeting Friday night said it was a «positive wide-ranging dinner that lasted three hours.» The official, who was not authorised to discuss the matter publicly and spoke to The Associated Press on condition of anonymity, said topics included trade, border security, fentanyl, defence, Ukraine, NATO, China, the Mideast and pipelines, as well as the the Group of Seven (G7) meeting in Canada next year. The Republican president-elect has threatened to impose tariffs on products from Canada and Mexico if the countries don't stop what he called the flow of drugs and migrants across their borders. He said he would impose a 25 per cent tax on all products entering the US from Canada and Mexico as one of his first executive orders when he takes office in January.

Adani Group side has been charged with any violation of the Foreign Corrupt Practices Act (FCPA), or any conspiracy to obstruct justice, Gautam Adani said on Saturday. He was speaking at an award ceremony in Jaipur. This is the first time that the billionaire founder of the Adani Group has spoken since the US Department of Justice and the US SEC levied charges of bribery among others, on certain executives of the group, including him on November 21. “This is not the first time we have faced such challenges,” he said at the award function. “What I can tell you is that every attack makes us stronger and every obstacle becomes a stepping stone for a more resilient Adani Group,” he said.

Black Friday, an updated tally from Adobe Analytics showed. Black Friday, the day after American Thanksgiving, marks the official start of the holiday shopping season for retailers and competition has intensified among retailers to win every penny-pinched shopper seeking discounts. Increased online shopping potentially favors e-commerce giants such as Amazon.com and Walmart. Walmart, which operates 4,700 U.S. stores, has invested heavily in store-to-home deliveries for the holiday season to boost e-commerce.