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The nominee for the European Union's next top diplomat says the bloc must commit to Ukraine for the long-haul even as the war's costs mount

Oil and natural gas companies for the first time will have to pay a federal fee if they emit dangerous methane above certain levels under a rule being made final by the Biden administration

Subscribe to enjoy similar stories. China’s air force showcased a suite of new armaments this week, including a new stealth fighter and an attack drone, demonstrating its advancing ability to challenge the U.S. military presence in the Asia Pacific.

Subscribe to enjoy similar stories. Although Republicans are set to take control of the Senate in January, President-elect Donald Trump has demanded that the chamber suspend its power to confirm nominations and instead go out of session so that he can use “recess appointments" to install at least some administration officials, such as cabinet secretaries, without Senate approval.

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China is planning to cut taxes for home purchases as the government dials up fiscal support to revive a moribund housing market, according to people familiar with the matter. Regulators are working on a proposal that would allow mega cities including Shanghai and Beijing to cut the deed tax for buyers to as low as 1% from a current level of as much as 3%, the people said, requesting not to be identified because the matter is private. City governments have leeway to tweak the rules, the people added. The plan, hinted at on Friday by Finance Minister Lan Fo’an, underscores Beijing’s increased willingness to use fiscal tools to shore up the sluggish economy along with monetary easing. Lan pledged to carry out “more forceful” fiscal policies next year after unveiling a 10 trillion yuan ($1.4 trillion) debt swap for local governments, signaling bolder steps could come after US President-elect Donald Trump takes office.

Inventurus Knowledge Solutions and packaging company Manjushree Technopack have received a go-ahead from the Securities and Exchange Board of India (SEBI) to raise funds through initial public offerings (IPOs). After refiling their IPO papers in August, the companies received regulatory approval between November 4 and 8. Shares of the companies would be listed on the BSE and the National Stock Exchange (NSE).

bitcoin climbed to yet another record high. The world's largest cryptocurrency topped $87,000 for the first time on Monday. As of around 3:45 p.m. ET, bitcoin's price stood at $87,083, per CoinDesk, up over 28% in the last week alone. Dogecoin observed a dramatic surge, rising nearly 45% to $0.4037 in the past 24 hours. This rally adds to its impressive growth of 145% since Donald Trump's victory in the 2024 US presidential election.

Hindalco Industries will relook at the IPO of its US-based subsidiary Novelis Inc once market conditions are right, allowing the company to command premium valuations, managing director Satish Pai said. The Indian aluminium major also announced a capital expenditure of $4 — $5 billion over the next three years for its upstream Indian projects. “The next few quarters for Novelis are going to be a little bit tough because the scrap spreads are tight. So I think for the IPO, we will wait till we are happy with the market conditions and Novelis performance is also at that level, then we can get that premium valuation that we want,” Pai said on a call after the company’s quarterly earnings.

Subscribe to enjoy similar stories. US bond markets have had a minor meltdown since former President Donald Trump pulled ahead in prediction markets and then won a second term last week, putting upward pressure on mortgages and other household borrowing costs. If the move continues, it could be a major source of disappointment for voters who trusted Trump to improve housing affordability and the cost of living.

Trump's Agenda47 campaign proposed eliminating the Department of Education- which as per the DOE website, «establishes policy for, administers and coordinates most federal assistance to education.» This move by Trump could impact crucial funding for K-12 schools and hamper civil rights enforcement, reported The Forbes. ALSO READ: Md Yunus' past remarks on US President-elect Donald Trump may hurt his future

Dogecoin experienced a dramatic surge, rising nearly 45% to $0.4037 in the past 24 hours. This rally adds to its impressive growth of 145% since Donald Trump's victory in the 2024 US presidential election. The memecoin’s recent performance has surpassed that of major blue-chip cryptocurrencies like Bitcoin, which rose 30.5%, and Ethereum, which increased 40% over the past week. Analysts attribute Dogecoin’s recent surge not only to positive market sentiment but also to strong support from high-profile figures like Elon Musk. His public endorsements and tweets backing Dogecoin and Trump have played a critical role in driving investor interest and demand.

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Donald Trump is naming longtime adviser Stephen Miller, an immigration hard-liner, to be the deputy chief of policy in his new administration. Confirming the appointment, Vice President-elect JD Vance posted a message of congratulations on Monday to Miller on X and said, This is another fantastic pick by the president. Miller is one of Trump's longest-serving aides, dating back to his first campaign for the White House. He was a senior adviser in Trump’s first term and has been a central figure in many of his policy decisions, particularly on immigration, including Trump's move to separate thousands of immigrant families as a deterrence program in 2018.

Subscribe to enjoy similar stories. The week gone by was a big one for financial markets as Donald Trump returned to the White House as the new US president. With Trump back in power, it’s almost a given - his pro-business stance and commitment to boosting the American economy are the front and centre.

The world's biggest and best-known cryptocurrency has more than doubled from the year's low of $38,505 and was last at $87,079, up nearly 9% from late on Sunday, having earlier touched a record high of $87,460.

Subscribe to enjoy similar stories. Stock markets like clean and crisp stories: This happened, so that happened. Like in early November, we were told that stock prices fell in October because foreign institutional investors (FIIs) sold Indian stocks worth ₹94,017 crore during the month.

When travelling abroad, travellers can choose between cash and card for payments. For card options, debit, credit, and forex cards are available. While most travellers would have a debit card, using it for international transactions is typically more expensive.

US policy landscape, though may be also reflected in valuations as markets have been anticipating the outcome,” says Gautam Chhaochharia — Head of Global Markets, India – UBS. In an interview with ETMarkets, Chhaochharia said: “IT Services sector may potentially benefit from US corporate tax cuts and thus higher spending, despite some worries around Visas” Edited excerpts:

Donald Trump has chosen Florida Representative Mike Waltz as his national security advisor. Waltz, a retired Army Green Beret known for his extensive knowledge in military operations and policy, is a vocal critic of China and a staunch advocate for bolstering US strategic readiness in the Indo-Pacific.

The enterprise software maker, whose corporate strategy now includes buying the cryptocurrency, bought the tokens between Oct. 31 and Nov. 10, according to a statement on Monday. It’s the largest amount of tokens purchased since the firm announced in December 2020 that it snapped up 29,646 Bitcoin.