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The chip, code-named Proxima, has been under development for several years and is now slated to go into the first iPhones and smart home devices produced in 2025, the report said, citing people familiar with the matter. The iPhone maker's in-house chips will be produced by Taiwan Semiconductor Manufacturing Co, the report added.

Peter Navarro, Trump's incoming senior counselor for trade and manufacturing, said the White House would not interfere with the Treasury Department's biannual review looking in to whether foreign trade partners are manipulating their currencies.

Trump transition team is exploring ways to significantly reduce, merge, or even eliminate the top bank regulators in Washington, The Wall Street Journal reported on Thursday. In recent interviews with potential candidates for leading these regulatory agencies, Trump advisers and officials from the newly established Department of Government Efficiency (DOGE) have inquired about the possibility of the president-elect abolishing the Federal Deposit Insurance Corp, the WSJ said, citing people familiar with the matter. Advisers have asked the nominees under consideration for the FDIC and the Office of the Comptroller of the Currency, if deposit insurance could then be absorbed into the Treasury Department, the report said.

Bluestone, which on Thursday filed the draft papers for an initial public offering, is expected to price the issue at a valuation of Rs 12,000-13,000 crore, a more than 50% jump from its most recent fundraising from the private market, people in the know told ET. In August, the Bengaluru-based companyclosed a Rs 900 crore pre-IPO funding round that valued it at around Rs 8,100 crore, as first reported by ET. While the IPO will see Bluestone raise Rs 1,000 crore by selling newly issued shares, sources said existing investors will sell shares worth Rs 2,000-2,100 crore, taking the size of the IPO to Rs 3,000-3,100 crore.

Donald Trump had claimed that Canada should become US' 51st state, rather than an independent country, a statement that has brough in a lot of criticism from Canadian leaders and citizens. Meanwhile, with Trump coming to power in January, there are high chances that the United States may indulge in some major land purchasing deals, and expand its territories further.

US Supreme Court grants bail in the NVIDIA case, permitting a shareholder lawsuit to move forward. The technical details of the hearing seemed to overwhelm the justices. The NVIDIA case that the US Supreme Court had previously agreed to hear was dismissed as improvidently granted. The ruling permits the majority of the shareholder lawsuit against the chip manufacturer to move forward, as quoted in a report by Engadget. A pension fund and an investment firm filed the lawsuit against NVIDIA, alleging the company misled investors about its dependence on the cryptocurrency mining sector. The lawsuit alleges that before a 2018 crash that caused the chip maker's stock prices to plummet, NVIDIA concealed its reliance on the market.

Mark Zuckerberg may not have had a great relationship with current US President-elect Donald Trump but it now looks like he is preparing to repair this relationship by donating a whopping $1 million for the inauguration ceremony scheduled in January. At the start of the next year, Donald Trump will be taking over the role of US President from Joe Biden, and his swearing-in ceremony is reportedly going to be one of the grandest ones in US history.

Nearly half of American teenagers say they are online “constantly,” despite concerns about the effects of social media and smartphones on their mental health

The killing of UnitedHealthcare’s CEO in New York has prompted health care companies to rethink and increase security for executives

Taylor Swift wrapped up her 149-show, 20-month Eras Tour with a sold-out concert in front of 60,000 fans in Vancouver on Sunday night. And, while an estimated 10 million lucky fans globally got to attend one of her shows, countless others benefited from reselling their coveted tickets, for profits in the thousands of dollars.

Luigi Mangione who is aged 26 has been reportedly charged with the murder of Brian Thompson who was the CEO of UnitedHealthcare and was shot outside a Manhattan hotel during the early parts of this month, reported Daily Star. According to Daily Star, Luigi Mangione was initially taken into custody on firearm charges after being recognized at a McDonald's and was later properly linked to the crime through forensic evidence which included a 3D-printed gun that matched shell casings found at the scene. The arrest of Luigi Mangione has eventually sparked an unusual social media phenomenon while many users expressed their huge admiration for him in spite of the serious allegations. Also Read: More bad news for emerging markets? Oppenheimer becomes Wall Street's biggest bull, says S&P 500 will climb to 7100 by end of 2025

The fire is believed to have originated in the reception area on the ground floor, with a short circuit suspected as the cause. The flames quickly spread throughout the building, engulfing multiple floors. Firefighters battled the blaze for over an hour, working tirelessly to bring it under control. «Unfortunately, the victims succumbed to suffocation due to the thick smoke that filled the hospital,» said a spokesperson from the fire service. Rescue teams are still on the ground, continuing their search for patients who may be trapped inside the building.

George Clooney is reportedly facing turbulence in his personal life following recent political missteps and career commitments. The actor's endorsement of Kamala Harris during her presidential campaign did not yield the desired results, leaving him publicly embarrassed. Additionally, his op-ed urging President Joe Biden to step aside for a younger candidate was met with widespread scepticism. Reports indicate that these political blunders have not only dented Clooney’s confidence but also affected his demeanour, creating strain within his marriage to renowned lawyer Amal Clooney. According to reports in Radar Online, amid this turmoil, George has decided to turn his attention to the stage. While the actor is reportedly excited about this new venture, the logistical challenges of his absence from the family home have added another layer of complexity to his relationship with Amal. The couple, who share 7-year-old twins Ella and Alexander, have long prioritized privacy and stability for their children. The twins are currently attending school in Europe, where they enjoy anonymity away from their father’s celebrity status. Moving the family to New York City during Clooney’s Broadway stint would disrupt their routine and expose them to increased public attention, making such a relocation unlikely.

Gaza's civil defence agency reported that Israeli air strikes on Thursday killed at least 33 people, including 12 guards securing aid trucks in southern parts of the Palestinian territory. The latest bloodshed came just hours after the UN General Assembly called for an immediate ceasefire in the devastated territory. Seven guards were killed in a strike in Rafah, while another attack left five guards dead in Khan Yunis, agency spokesman Mahmud Bassal said.

The Biden administration has announced it is raising tariffs on solar wafers, polysilicon and some tungsten products from China to protect U.S. clean energy businesses

Biden administration plans to raise tariffs on solar wafers, polysilicon and some tungsten products from China to protect US clean energy businesses. The notice from the US Trade Representative's office said tariffs on Chinese-made solar wafers and polysilicon will rise to 50% from 25% and duties on certain tungsten products will increase from zero to 25%, effective on Jan. 1, following a review of Chinese trade practices under Section 301 of the 1974 Trade Act. The decision followed a public comment period after the USTR said in September that it was considering such actions.

NFL is reportedly reassessing its partnership with the company of Jay-Z named Roc Nation following the extremely shocking allegations linking him to a sexual assault incident involving Sean Diddy Combs, reported The US Sun. According to The US Sun, the lawsuit which was actually filed by an unnamed woman claims that both men participated in the assault at a party in the year 2000 when she was just 13 years old. While Sean Diddy Combs is currently lodged in jail awaiting his trial for racketeering and sex trafficking, this is the very first time Jay-Z has been publicly implicated in any allegations against him. Also Read: Dexter: Original Sin: Check confirmed premiere date, time, episode schedule and where to watch

When asked about a U.S. law that generally prevents the military from being used in domestic law enforcement, Trump said illegal immigration amounted to an invasion that needed to be stopped. «I consider it an invasion of our country,» Trump told TIME as part of an interview naming him 'Person of the Year.' «We'll get National Guard, and we'll go as far as I'm allowed to go, according to the laws of our country.» Trump, a Republican, won reelection in November portraying migrants as dangerous criminals and promising a wide-ranging crackdown on both legal and illegal immigration, including mass deportations. He plans to pull resources from across the federal government for the deportation effort and declare a national emergency to unlock funds for enforcement, reported in November.

The Organization for the Prohibition of Chemical Weapons on Monday told Syria that it is under obligations to comply with rules to safeguard and destroy dangerous substances, such as chlorine gas, after rebels entered the capital, Damascus, over the weekend. «Chemical weapons have been used in Syria on multiple occasions and victims deserve that perpetrators that we identified be brought to justice and held accountable for what they did and that investigations continue,» Fernando Arias Gonzalez, the OPCW secretary general, said in his opening remarks.

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Subscribe to enjoy similar stories. SINGAPORE : China’s leaders promised more government support for their struggling economy next year as they brace for the return of President-elect Donald Trump and another big showdown over trade. An annual gathering of top officials on the economy concluded with pledges to cut interest rates and boost government borrowing to pep up economic growth, according to a report by China’s state broadcaster Thursday.