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Subscribe to enjoy similar stories. The return of Donald Trump to the US presidency has raised fears worldwide of a trade war. Throughout his campaign, Trump vowed to raise tariffs on US imports, arguing that cheap imports were threatening American jobs.

Subscribe to enjoy similar stories. DEIR BILLA, Lebanon—Christians in this small northern Lebanese village keep a lookout at night for unwanted visitors, asking drivers headed up the hill toward the Shia part of the neighborhood what their purpose is. They have installed cameras and often sit around until 3 a.m.

local-currency bonds is souring as investors dump bets on interest-rate cuts, fears of a tariff trade war grow, and the dollar surges. A Bloomberg index of developing-nation local debt has tumbled 3.5% since the start of October, trimming the year's gain to less than 2%. The slide has accelerated since the election victory of Donald Trump, whose «America First» policies are seen as harmful for emerging markets, and whose economic agenda has pushed up the dollar and Treasury yields.

World War Three, senior Russian lawmakers said on Sunday. Two U.S. officials and a source familiar with the decision revealed the significant reversal of Washington's policy in the Ukraine-Russia conflict earlier on Sunday. «The West has decided on such a level of escalation that it could end with the Ukrainian statehood in complete ruins by morning,» Andrei Klishas, a senior member of the Federation Council, Russia's upper chamber of parliament, said on the Telegram messaging app.

Subscribe to enjoy similar stories. New Delhi: The Centre has decided to scrap the windfall tax, a levy imposed on local production of crude oil and exports of petrol, diesel and jet fuel, at a time of subdued oil prices. A decision to this effect has been taken at the top level in the government, and the finance ministry may shortly issue an order, two people familiar with the development said.

Joe Biden has for the first time authorised the use of U.S.-supplied long-range missiles by Ukraine to strike inside Russia, according to people familiar with the matter. The decision is a major U.S. policy shift and comes as Biden is about to leave office and President-elect Donald Trump has pledged to limit American support for Ukraine and end the war as soon as possible, as per reports. The weapons are likely to be used in response to North Korea's decision to send thousands of troops to Russia in support of Russian President Vladimir Putin's invasion of Ukraine, according to one of the people, AP reported. The people were not authorised to discuss the matter publicly and spoke on condition of anonymity.

Russia’s war on Ukraine if the alliance between Pyongyang and Moscow continues to deepen, according to people familiar with assessments made by some Group of 20 nations. The analysis is one of several on the evolving partnership between Russian President Vladimir Putin and North Korean leader Kim Jong Un, said the people, speaking on condition of anonymity to talk about private discussions. They stressed that such a move wasn’t imminent and that military support at that scale — if it occurred — would likely happen in batches with troops rotating over time rather than in a single deployment. Ukraine’s ambassador to South Korea made a similar assessment earlier this month. Dmytro Ponomarenko said in an interview with VOA that Kyiv expected up to 15,000 North Korean troops deployed to fight in Russia’s Kursk region – and possibly in occupied areas of eastern Ukraine – to rotate every few months.

Joe Biden has for the first time authorized the use of U.S.-supplied long-range missiles by Ukraine to strike inside Russia, according to one U.S. official and three people familiar with the matter. The decision is a major U.S. policy shift and comes as Biden is about to leave office and incoming President-elect Donald Trump has said he would bring about a swift end to the war and has expressed skepticism over continued support by the United States. The weapons are likely to be used in response to North Korea's decision to send thousands of troops to Russia in support of Russian President Vladimir Putin's invasion of Ukraine, according to one of the people. The official and the people familiar with the matter were not authorized to discuss the decision publicly and spoke on condition of anonymity.

Subscribe to enjoy similar stories. President-elect Donald Trump’s push for peace negotiations between Russia and Ukraine is finding growing acceptance among Ukraine’s European allies, who increasingly worry that time isn’t on Ukraine’s side in the war. While European leaders have started discussions to see whether they could fill any funding gap for Kyiv if the incoming Trump administration cuts off support, officials in many capitals recognize that an off-ramp to the conflict appears increasingly necessary.

Volodymyr Zelenskyy has said Ukraine must do all it can to ensure the war with Russia ends next year through diplomacy, commenting at a decisive moment after Donald Trump’s U.S. presidential election win and Russia’s grinding battlefield gains.However, Zelenskyy said Russian President Vladimir Putin was not interested in agreeing to a peace deal, and argued it was convenient for Moscow to sit down to talk while continuing to fight.“From our side, we must do everything so that this war ends next year, ends through diplomatic means,” Zelenskyy said in a Ukrainian radio interview aired on Saturday.Moscow’s ambassador to the U.N.

Russia, which before the Ukraine war was the biggest single supplier of natural gas to Europe, has lost almost all of its European customers as the EU tries to reduce its dependence and after the Nord Stream pipeline to Germany was blown up in 2022. Now one of the last main Russian gas routes to Europe — the Soviet-era Urengoy-Pomary-Uzhgorod pipeline via Ukraine — is due to shut at the end of this year, as Kyiv does not want to extend a five-year transit agreement which brings northern Siberian gas to Slovakia, the Czech Republic and Austria.

Kamala Harris lost the presidential election, but one of her campaign slogans was vindicated in defeat. «We're not going back!» the Democratic nominee insisted on the campaign trail, and she was unintentionally correct: Donald Trump's return to power is proof that we have lived through a real turning point in history, an irrevocable shift from one era to the next. In Trump's first term, he did not look like a historically transformative president. His victory was narrow. He lacked real majority support. He was swiftly unpopular and stymied and harassed. Even if his 2016 upset proved that discontent with the official consensus of the Western world ran unexpectedly deep, the way he governed made it easy to regard his presidency as accidental and aberrant — a break from a «normal» world of politics that some set of authority figures could successfully reimpose.

Donald Trump to protest against the Biden administration's support for Israel's war on Gaza and attacks on Lebanon have been deeply disappointed by his cabinet picks, they tell Reuters. «Trump won because of us and we're not happy with his secretary of state pick and others,» said Rabiul Chowdhury, a Philadelphia investor who chaired the Abandon Harris campaign in Pennsylvania and co-founded Muslims for Trump. Muslim support for Trump helped him win Michigan and may have factored into other swing state wins, strategists believe.

Kim Jong Un has ordered the mass production of suicide drones, also known as loitering munitions, after overseeing a test of the weapon earlier this year. State media reported that Kim emphasized the need to establish a serial production system for these drones, reflecting North Korea's growing focus on enhancing its military capabilities, as mentioned in a report by NBC.

Olav Thon, a billionaire entrepreneur recognizable for his bright red cap who went from selling leather and fox hides in his youth to build one of Norway’s biggest real estate empires, has died

Russia is solely responsible for preventing a fair settlement to end the war in Ukraine, the G7 said on Saturday, in a statement marking 1,000 days of the Russian invasion. «Russia remains the sole obstacle to just and lasting peace,» the Group of Seven industrialised nations, of which Italy holds the rotating presidency, said in a statement. The G7, which also comprises Britain, Canada, France, Germany, Japan and the United States, confirmed «its commitment to imposing severe costs on Russia through sanctions, export controls and other effective measures».

Lebanon since they invaded six weeks ago, before pulling back early Saturday after fierce battles with Hezbollah militants, Lebanese state media reported. Israeli troops captured a strategic hill in the southern Lebanese village of Chamaa, about 5 kilometers (3 miles) from the Israeli border early Saturday, the state-run National News Agency reported. It said Israeli troops were later pushed back from the hill. It added that Israeli troops detonated the Shrine of Shimon the Prophet in Chamaa as well as several homes before they withdrew, but the claim could not be immediately verified.

Volodymyr Zelensky said on Saturday he would like to end the war with Russia next year through «diplomatic means». He spoke a day afer saying he expected the conflict to end sooner than it would otherwise have done, once Donald Trump takes office in the United States next year. «For our part, we must do everything we can to ensure that this war ends next year. We have to end it by diplomatic means,» Zelensky said in an interview with Ukrainian radio. «And this, I think, is very important.»

Zelenskiy has said Ukraine must do all it can to ensure the war with Russia ends next year through diplomacy. In a radio interview aired on Saturday, Zelenskiy conceded that the battlefield situation in eastern Ukraine was difficult and Russia was making advances. He said his Russian counterpart Vladimir Putin was not interested in agreeing to a peace deal. Zelenskiy said U.S. legislation prevented him from meeting President-elect Donald Trump before his inauguration next January. The Ukrainian leader said he would only talk with Trump himself rather than any emissary or advisor.

Subscribe to enjoy similar stories. Indian cement makers, once reliant on pricing power, are shifting gears to survive a bruising price war that’s eroding margins even as demand climbs. With intense competition cutting into cement prices, manufacturers are pursuing aggressive cost-cutting measures, from buying their own railway cars and ships to slashing energy costs—all in an effort to outlast rivals in an industry facing one of its most competitive eras yet.

Ben & Jerry’s has sued its parent company Unilever accusing it of silencing the ice cream maker from making statements in support of Palestinians in the war in Gaza