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Brent crude futures gained $3.50, or 4.6%, to $80.42 a barrel by 1422 GMT, reaching $80 a barrel for the first time since Oct.7. U.S. West Texas Intermediate crude futures advanced $3.57, or 4.8%, to $77.49.

Donald Trump's in his New York criminal case on Friday closes out a series of prosecutions that he largely beat by retaking the U.S. presidency, though he is still fighting to avoid paying hundreds of millions of dollars for losses in civil lawsuits, Reuters reported. Full list of cases against President-elect Donald Trump and status ahead of January 20 Inauguration. New York Hush Money Case

Donald Trump is scheduled to take charge as the President of United States of America on January 22 and will announce a slew of policy-related decisions. However, the US is likely to witness a slow GDP growth in 2025. The world economy resisted battering by conflicts and inflation last year and is expected to grow a subdued 2.8 per cent in 2025, the United Nations said Thursday. In «World Economic Situation and Prospects 2025,» UN economists wrote that their positive prediction was driven by the strong although slowing growth forecast for China and the United States and by the robust performances anticipated for India and Indonesia. The European Union, Japan, and United Kingdom are expected to experience modest recovery, the report says. The report says the US economy outperformed expectations last year thanks to consumer and public-sector spending, but growth is expected to slow from 2.8% to 1.9 per cent this year.

Trump Inauguration 2025: Donald Trump's inauguration as the 47th President of the United States is scheduled for January 20, 2025. As the nation anticipates this significant event, attention turns to the lineup of performers who will grace the ceremony. While official announcements are pending, several artists are speculated to participate, drawing from past affiliations and performances.

Swamy Shraddananda, jailed for 30 years for killing his wife, has moved the Supreme Court seeking authorities to decide his mercy plea before the President in December, 2023. When the petition came up for hearing before a bench of Justices B R Gavai and Augustine George Masih on Friday, the bench told advocate Varun Thakur, appearing for 84-year-old Shraddananda alias Murali Manohar Mishra, to provide a copy of his plea to the Centre's counsel. It said the plea would be heard next week.

Joe Biden prepares to leave office, Americans have a dimmer view of his presidency than they did at the end of Donald Trump's first term or Barack Obama's second, a new poll finds. Around one-quarter of U.S. adults said Biden was a «good» or «great» president, with less than 1 in 10 saying he was «great,» according to the survey from The Associated Press-NORC Center for Public Affairs Research. It's a stark illustration of how tarnished Biden's legacy has become, with many members of his own party seeing his Democratic presidency as merely mediocre. About one-third described Trump as «good» or «great» on the eve of the Republican's departure from the White House in 2021, according to AP-NORC polling, including about 2 in 10 who said he was «great» — even after he helped sparked a deadly insurrection that saw a mob of his supporters overrun the U.S. Capitol. Americans were similarly likely to describe both Biden and Trump as «poor» or «terrible» — about half said this characterized each president's time in office — but about 3 in 10 said Biden was «average,» while less than 2 in 10 said this about Trump.

Subscribe to enjoy similar stories. ST. LOUIS—A Federal Reserve official said he viewed last month’s decision to lower interest rates as a “close call" because the economic outlook appears to be different now than it was when the central bank started cutting rates four months ago.

Trump to resolve problems through dialogue, Kremlin spokesman Dmitry Peskov said on Friday, reaffirming Russian President Vladimir Putin's readiness for talks with Trump. There may be progress on setting up a meeting between Trump and Putin after Trump is sworn in on Jan. 20, Peskov told reporters. Trump said on Thursday a meeting was being set up between him and Putin, but offered no timeline. Trump said repeatedly during his election campaign that he could end the Russia-Ukraine war within 24 hours, but he and advisers have suggested more recently that it could be resolved within months of him taking office.

Rahul Gandhi, scheduled for Friday at an MP-MLA court here, was postponed due to a strike by lawyers. Advocate Santosh Kumar Pandey, representing complainant Vijay Mishra, stated that the special court's magistrate Shubham Verma has now scheduled the hearing for January 22 to complete cross-examination. The case dates back to 2018 when Mishra, a local BJP politician, filed a defamation complaint against Gandhi. Mishra alleged that Gandhi made objectionable remarks during the Karnataka assembly elections that deeply hurt him. After a prolonged five-year legal process, Gandhi failed to appear in court, leading the presiding judge in December 2023 to issue a warrant for his appearance. Gandhi surrendered before the court in February 2024.

Subscribe to enjoy similar stories. WASHINGTON—The Supreme Court refused to block President-elect Donald Trump’s criminal sentencing for covering up hush money paid to adult-film star Stormy Daniels, clearing the way for an unprecedented court proceeding Friday in New York.

Subscribe to enjoy similar stories. Remember when OpenAI’s nonprofit board unceremoniously fired Sam Altman? It was a four-day spell in the wilderness for its CEO, sparked by the claim he hadn’t been “consistently candid" with the directors. A year later, Altman isn’t being very consistent about the future of artificial intelligence (AI).

Nvidia on Thursday criticised a reported plan by the Joe Biden administration to impose new restrictions on AI chip exports, saying that the outgoing US leader should not «preempt incoming President Trump» by enacting a last-minute policy. «We would encourage President Biden to not preempt incoming President Trump by enacting a policy that will only harm the US economy, set America back, and play into the hands of U.S. adversaries,» Nvidia Vice President Ned Finkle said in an emailed statement. The US Commerce Department and the White House did not immediately respond to Reuters' requests for comment outside regular business hours.

A senior official of the European Investment Bank says the regional lending agency is keen to double its funding for Bangladesh, but she expressed concern over human rights as the country endures a spell of political turmoil

Subscribe to enjoy similar stories. Two big speeches are coming up, President-elect Trump’s Inaugural Address on Monday, Jan. 20, and President Biden’s farewell address, expected in the days just preceding.

Supreme Court on Thursday rejected President-elect Donald Trump's final bid to put his New York hush-money case on hold, clearing the way for him to be sentenced for felony crimes days before he returns to the presidency.

Federal Reserve interest rates. Shares in Australia and Japan fell, while those in South Korea were little changed. Contracts for the S&P 500 dropped for a second day after US trading was closed on Thursday to observe a national day of mourning for former President Jimmy Carter.

Electric vehicle demand is expected to keep rising this year, but uncertainty over policy changes and tariffs is clouding the forecast

The U.S. Interior Department says that no bids were submitted for this week’s oil and gas lease sale in Alaska’s Arctic National Wildlife Refuge

Barack Obama are known to be strong political rivals, especially considering the fact that Obama had strongly campaigned against the now President-elect only a couple of months back, although for a losing cause. But now, it seems that the political enmity may have been forgotten, as the two have were spotted exchanging some words to each other while being seated at President Carter's funeral.