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Subscribe to enjoy similar stories. Investors shuddered on Wednesday after Chair Jerome Powell suggested the Federal Reserve was ready to take a break from cutting rates—and that the total quantity of reductions might be shallower than previously thought. Powell has described recent rate reductions as an effort to recalibrate borrowing costs to a more “neutral" setting.

BJP on Thursday launched a fresh attack on the Congress over its treatment of B R Ambedkar as the ruling party's president J P Nadda asked the opposition party to «stop lying». Nadda reiterated his party's accusations against the Congress for insulting and ignoring Ambedkar and his legacy, and cited the work undertaken by the Modi government to honour his legacy. His posts on X came amid the opposition's relentless attack on Home Minister Amit Shah for allegedly insulting Ambedkar during his Rajya Sabha speech. He told the Congress and its «rotten ecosystem» that they lost Lok Sabha polls for a third consecutive time in June and performed badly in a number of assembly polls.

Subscribe to enjoy similar stories. The government of El Salvador’s President Nayib Bukele agreed to scale back his ambitious plan to adopt bitcoin as a national currency in exchange for a much-needed $1.4 billion loan by the International Monetary Fund.

Subscribe to enjoy similar stories. For more than two years, Russia’s expanding war economy fueled consumer spending and juiced company profits. But latterly, the conflict has pumped up inflation and interest rates, pummeling bottom lines and leaving a trail of disgruntled Russian oligarchs and executives in its wake.

Brazil’s real has fallen to its weakest level against the dollar since the currency was introduced in 1994, undercut by investors’ frustration with President Luiz Inácio Lula da Silva's efforts to rein in government spending

Republicans will still be in charge when the Wisconsin Legislature returns to work in January but will have the narrowest majorities in years

Alberta’s premier responded to President-elect Donald Trump’s trolling of Canada by saying the trade deficit with the country is due to billions of raw materials being sent south which creates trillions of wealth in America

Donald Trump abruptly rejected a bipartisan plan Wednesday to prevent a Christmastime government shutdown, instead telling House Speaker Mike Johnson and Republicans to essentially renegotiate — days before a deadline when federal funding runs out.Trump’s sudden entrance into the debate and new demands sent Congress spiraling as lawmakers are trying to wrap up work and head home for the holidays. It leaves Johnson scrambling to engineer a new plan before Friday’s deadline to keep government open.“Republicans must GET SMART and TOUGH,” Trump and Vice President-elect JD Vance said in a statement.The president-elect made an almost unrealistic proposal that combined the same continuation of government funds along with a much more controversial provision to raise the nation’s debt limit — something his own party routinely rejects.

One MobiKwik Systems, Vishal Mega Mart and Sai Life Sciences made strong stock market debuts on Wednesday, even as the secondary market remained weaker during the day. All three companies listed at premiums of 18-58% and ended higher on Wednesday. The Sensex and Nifty fell nearly 0.6% each on Wednesday after sinking almost 1.3% the previous day. Digital banking platform One MobiKwik Systems listed at Rs 440, about a 57.7% premium to its IPO (initial public offering) price of Rs 279 per share. The stock advanced 20% further to close at the day's highest tradable limit of Rs 528.

The Canadian dollar’s slide continued Wednesday amid expectations for a slower pace of rate cuts from the U.S. Federal Reserve.

Policymakers voted 11-to-1 to lower the central bank's key lending rate to between 4.25 percent and 4.50 percent, the Fed announced in a statement. This is the final planned interest rate decision before outgoing Democratic President Joe Biden makes way for Republican Donald Trump, whose economic proposals include tariff hikes and the mass deportation of millions of undocumented workers.

Sri Lankan President Anura Kumara Dissanayake may visit China following his trip to India, and preparations are underway to welcome him, according to a senior Chinese official. Dissanayake travelled to India early this week on a three-day visit — his first foreign trip after assuming charge as the president. Vice-Chairwoman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC) Qin Boyong, who met Dissanayake on Wednesday, said preparations are underway to welcome him during his future visit to China.

Donald Trump's most popular talking points during his campaign centered on the future of transgender athletes. Trump revisited the topic multiple times in the months and weeks before the election, suggesting at his rallies that one of the goals of his second term would be to “keep men out of women's sports." Millions were spent on advertising that turned something that affects a tiny minority of competitors into a wedge issue, AP reported. More than half of voters overall — and the vast majority of Trump supporters — said support for transgender rights in government and society has gone too far, according to AP VoteCast, a survey of more than 120,000 voters nationwide. What, exactly, Trump will do when he takes office on January 20 is unclear. His transition team has not divulged any specifics, though the president-elect said during his campaign that the process would be 'easy'.

constitutional amendments required to synchronise general and state elections, an idea referred to as 'One Nation, One Election' (ONOE). These proposed amendments — three amendments and inclusion of a new article — emerged from the recommendations of a high committee chaired by former president Ram Nath Kovind, who put together a 18,000-pg report nine months ago explaining how synchronising the electoral calendar could be done. The proposed Act lets go of some important recommendations of the committee, such as including local elections. It makes provisions for the mechanisms required to induce and maintain synchronicity. Two key aspects are:

Regarding our current predicament with our neighbours on the continent, I realize it risks a rebuke from Elon Musk to say so but if Americans had elected Kamala Harris last month, we would not currently be in a national panic about access to the U.S. market, and no one within 100 miles of the White House would be making sophomoric jokes about “Governor Justin Trudeau” of the “Great State of Canada.”

Union Home Minister Amit Shah in response to a query about Kumar, who heads the JD(U). In an interview with a private news channel, Shah, who is a former BJP president, had evaded a direct reply when he was asked whether the NDA would adopt in Bihar a strategy similar to that in Maharashtra where it went to polls without declaring a chief ministerial candidate and got a landslide victory. Shah, who is widely regarded as the second-most powerful person in the BJP after Prime Minister Narendra Modi, had replied after a pause, «We will sit together and decide on the issue. Once we take a decision, we will let you know.»

INS Nirdeshak, the second ship of the Survey Vessel (large) project, was commissioned into the Indian Navy, in a ceremony presided over by Sanjay Seth, Union Minister of State for Defence, at Naval Dockyard in Andhra Pradesh's Visakhapatnam on Wednesday. Vice Admiral Rajesh Pendharkar, Flag Officer Commanding-in-Chief, Eastern Naval Command hosted the commissioning ceremony marking the formal induction of the second of the four ships of the Survey Vessel (Large) project under construction at Garden Reach Shipbuilders & Engineers (GRSE) Kolkata. The ship is designed to conduct hydrographic surveys, aid in navigation, and support maritime operations. Speaking on the occasion Sanjay Seth said that highly specialised ships — the Survey Vessels — play a vital role in charting the oceans. These are sophisticated niche platforms that allow for a more accurate collation of oceanic data, its precise processing and as a result, highly reliable charts that enhance maritime operations and safety.

Capybaras are having a big moment

What do you do when the energy is flagging, you’re eighty hours into a ninety-hour week and someone needs you to really concentrate on changing the colour scheme on a slide pack from ochre yellow to mustard yellow?  According to a number of currently working bankers who have spoken to the Wall Street Journal and been surprisingly willing to be quoted under their own names, you reach for drugs that are meant to treat ADHD and you carry on.

The Iranian rial has fallen to its lowest level in history, losing more than 10% of its value since Donald Trump won the U.S. presidential election in November