Trump’s first day makes Biden’s four years look timid
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China
If Mexico won’t fix cartels, ‘Trump will’: Former trade advisor Bennett signals US intervention on fentanyl crisis
“Mexico has a problem in that a large portion of the country remains lawless, controlled by the cartels, and that’s got to be fixed,” Bennett says
China
China ‘miscalculated’ by becoming US trade competitor, says ex-Trump advisor
Barry Bennett’s comments come a week after Trump announced plans to impose a 10% tariff on Chinese imports upon taking office on Jan. 20
Internet
US grants licence for telecom infrastructure project in sanctioned Syria despite ongoing conflict
The approval comes as Syria faces renewed violence, with rebel groups recently capturing Aleppo from government forces in a major escalation of the country’s protracted civil war
China
Trump threatens China, Mexico tariffs in global trade shake-up
The president-elect’s proposed tarrifs on the U.S.’s largest trading partners could push its import duties to 1930s levels, triggering inflation and forcing a major reorganisation of global supply chains
Benjamin Netanyahu
Israel-Lebanon ceasefire nears as Netanyahu cabinet sets critical vote
The proposed agreement outlines a path to halt hostilities along the northern frontier, beginning with a 60-day ceasefire period
Donald Trump
UAE President Sheikh Mohamed meets Donald Trump during US Visit
The meeting highlighted the longstanding ties between the UAE and the US
Bilateral trade
UAE, US sign customs cooperation agreement to boost trade and economic ties
The agreement, signed on the sidelines of UAE President Sheikh Mohamed bin Zayed’s official visit to the US, also aims to enhance economic, trade, and customs cooperation
Donald Trump
Trump assassination attempts may boost public sympathy in ongoing legal trials, expert claims
As the election approaches and legal battles continue, Trump’s legal challenges and political ambitions are set to keep the political scene in unprecedented flux
crime
Federal officials identify suspect in second Trump assassination attempt
The suspect in the Trump assassination attempt has been identified as Ryan Routh
Adobe
US government sues Adobe for making it difficult to cancel subscriptions
Federal Trade Commission also names two leading executives, Maninder Sawhney and David Wadhwani, for deceiving consumers
China
UAE climbs to 6th in world for international tourist spending with $51.9bn receipts
UAE has become the sixth highest earning country for international tourism spending, China is world’s biggest spender
Abu Dhabi
Dubai tops growth among world’s wealthiest cities as millionaire population soars
With over 72,000 resident millionaires today, Dubai’s rise testifies to its pro-business policies and welcoming stance towards capital, factors that will propel it up future rankings, an expert says
Aerospace
Boeing postpones first astronaut launch due to valve issue
The postponement occurred just two hours before the scheduled liftoff from Cape Canaveral
crypto
Crypto is creating a new wealth effect but not blown on Lamborghinis and bling: Study
While the boost in wealth from crypto was mostly poured into discretionary spending, a significant portion spilled into local housing markets, the researchers found
Investment
CLOs – a growing asset class in the Middle East
Some consider it a niche asset class, but over the years CLOs have become a key product in capital allocators’ toolkit
Joe Biden
New US rules require airlines to automatically refund consumers for cancelled flights
Airlines may not substitute vouchers, travel credits or other forms of compensation unless the passenger affirmatively chooses to accept alternative compensation, stipulates the new rule