Business News - The Last 24 Hours

The Papers: 'High welfare, high tax' and 'Budget goes as billed'
BBC - 24 min 11 sec ago
Budget highlights, lowlights, and an OBR blunder lead all the front pages in Thursday's papers.

COMMENTARY:

The Guardian - Rachel Reeves targets UK’s wealthiest in £26bn tax-raising budget - 4 hours 37 min ago

Indiatimes - CBI cracks open mega bribery web inside Jaipur tax tribunal; Judicial member, advocate and appellant arrested - 9 hours 35 min ago

SCMP - UK’s Reeves unveils tax plan amid embarrassing budget leak - 11 hours 43 min ago

Trump Told Japan's PM Not To Provoke China Over Taiwan: Report
NDTV - 51 min 6 sec ago
Trump spoke with Takaichi after Chinese President Xi Jinping called the US president and spoke about China's historic claim to the democratic self-governing island.

NDTV - Trump Says He's Not Inviting South Africa To Next Year's G20 Summit In US - 4 hours 23 min ago

BBC - Georgia judge dismisses 2020 election interference case against Trump - 4 hours 38 min ago

Deutsche Welle - Georgia judge dismisses Trump election interference case - 5 hours 16 min ago

CNBC - Eric Swalwell sues FHFA chief Pulte, alleging director used private information to attack Trump critics - 5 hours 47 min ago

Reuters - Exclusive: Trump administration seeks major Belarus prisoner release, sources say - Reuters - 8 hours 32 min ago

FOX Business - Bessent wraps up Fed chair interviews as Trump’s decision expected before Christmas - 8 hours 51 min ago

Bloomberg - Who leaked Witkoff’s call advising Kremlin on how to get Trump on side? - The Guardian - 10 hours 11 min ago

COMMENTARY:

The Independent - Karoline Leavitt’s relative is latest DACA target in Trump’s ‘random and cruel mass deportation campaign,’ lawyer says - 43 min 36 sec ago

SCMP - Immigrant with family ties to Trump spokeswoman Leavitt detained by ICE - 3 hours 1 min ago

Indiatimes - Washington Shooting: Two National Guardsmen killed in shooting near White House as suspect is detained and motive remains unclear, Trump and Vance react - 3 hours 56 min ago

Russia Today - Will Trump cave to Zelensky and sink his own peace deal? - 5 hours 37 min ago

The Guardian - Trump officials halt protected status for Haitians in US - 5 hours 52 min ago

Sydney Morning Herald - Trump pardons Thanksgiving turkeys - 17 hours 22 min ago

New York Times - Donors to Trump’s Transition Revealed a Year Later - 20 hours 8 min ago

Asia-Pacific markets set to open mixed after Wall Street gains as tech extends rebound
CNBC - 1 hour 15 min ago
Overnight, shares of artificial intelligence player Oracle boosted major U.S. averages after Deutsche Bank reaffirmed its bullish stance on the name.

COMMENTARY:

BusinessInsider - Why gold prices could soar another 20% next year, according to top Wall Street forecasters - 9 hours 55 min ago

The Straits Times - Singapore stocks track Wall Street gains; STI up 0.4% - 14 hours 19 min ago

Hong Kong fire: Nearly 300 missing as fire continues to burn
Deutsche Welle - 2 hours 27 min ago
Authorities were searching for survivors as the fire continues to burn. Three people have been arrested for suspicion of manslaughter. Follow DW for more.

BBC - 'I am devastated': Hong Kong residents in disbelief after fire destroys blocks of flats - 3 hours 1 min ago

NDTV - 3 Arrested In Connection With Hong Kong Fire, Xi Jinping Offers Condolences - 3 hours 3 min ago

Deutsche Welle - Hong Kong fire: Death toll rises as blaze engulfs high-rise - 7 hours 11 min ago

COMMENTARY:

SCMP - Village in Hong Kong’s Sai Kung struggles without water for more than 10 days - 34 min 20 sec ago

Sydney Morning Herald - Massive Hong Kong apartment fire kills dozens - 2 hours 3 min ago

The Guardian - Hong Kong fire: three reportedly arrested with dozens dead and hundreds missing in housing complex blaze – follow updates - 4 hours 3 min ago

Russia Today - Dozens dead after fire engulfs high-rise block in Hong Kong (VIDEOS) - 6 hours 45 min ago

Indiatimes - Death toll in Hong Kong high-rise fire rises to 36, with 279 people reported missing - 7 hours 32 min ago

The Independent - Video: Deadly fire engulfs Hong Kong high-rise apartment blocks - 12 hours 59 min ago

New York Times - Huge Fire Engulfs Apartment Buildings in Hong Kong - 14 hours 53 min ago

Dan Driscoll, Trump's latest hope for peace in Ukraine
Deutsche Welle - 4 hours 22 min ago
After meeting Ukrainian officials in Kyiv, the US secretary of the Army is now negotiating with a Russian delegation in Abu Dhabi. Daniel Driscoll is fast becoming a key figure in US foreign policy.

RELATED:

BBC - Where peace stands in Ukraine after frantic diplomacy - 9 hours 45 min ago

NDTV - Who Is Dan Driscoll? Trump's "Drone Guy" Leading Ukraine Peace Talks - 14 hours 46 min ago

Reuters - 28-point U.S. peace plan traced to Kremlin blueprint — Reuters - The New Voice of Ukraine - 15 hours 2 min ago

Deutsche Welle - Ukraine updates: Trump goes back on peace plan deadline - 20 hours 39 min ago

COMMENTARY:

Indiatimes - EU chief vows to back Ukraine 'every step' until peace - 6 hours 37 min ago

The Guardian - Can Europe prevent an unjust ‘peace’ in Ukraine – and what is at stake if it fails? - 9 hours 52 min ago

SCMP - China waits in the wings for opportunity as Trump makes Ukraine peace push - 10 hours 14 min ago

Russia Today - Can anyone end the Ukraine war if Kiev refuses every compromise? - 12 hours 19 min ago

The Independent - How Trump’s ‘drone guy’ has become key figure in Ukraine peace talks - 17 hours 25 min ago

Sydney Morning Herald - ‘Drone guy’: The rising star who has become Trump’s man on Ukraine - 20 hours 44 min ago

Apple projected to beat Samsung in smartphone shipments for first time since 2011
FOX Business - 4 hours 31 min ago
Shipments of iPhones are expected to surge 10% in 2025 as Apple reclaims smartphone leadership from Samsung, fueled by strong iPhone 17 series reception.

Amazon investigated by FAA after delivery drone strikes internet cable
FOX Business - 5 hours 7 min ago
The FAA is investigating after an Amazon MK30 delivery drone struck an overhead internet cable in Waco, Texas, following a completed delivery on Nov. 18.

COMMENTARY:

New York Post - Amazon warns customers of holidays cyberattacks as FBI sees $300M in thefts: ‘Account takeover fraud’ - 6 hours 28 min ago

Traders bet big on Fed rate cut as December odds soar above 80% on prediction markets
FOX Business - 6 hours 22 min ago
Prediction markets Kalshi and Polymarket show a more than 80% probability of a 25-basis-point Federal Reserve interest rate cut at the central bank's Dec. 9-10 policy meeting.

COMMENTARY:

New York Times - Kevin Hassett Reportedly Becomes Front-Runner for Fed Chair - 11 hours 44 min ago

SCMP - China sets strongest yuan fix in over a year as Fed-cut bets rise - 20 hours 4 min ago

World's Central Banks Are Wary Of AI, Struggling To Quit The Dollar: Survey
NDTV - 6 hours 48 min ago
Artificial Intelligence is not a core part of operations at most of the world's central banks and digital assets are off the table, according to a survey released on Wednesday by the Official Monetary and Financial Institutions Forum.

COMMENTARY:

Indiatimes - World's central banks are wary of AI and struggling to quit the dollar, survey shows - 11 hours 30 min ago

'We Support All Efforts To Bring Lasting Peace': India On Ukraine Plan
NDTV - 7 hours 10 min ago
The Ministry of External Affairs (MEA) on Wednesday said that India continues to back all efforts aimed at ending the ongoing Russia-Ukraine conflict.

BBC - South Africa hammer India by 408 runs to complete historic clean sweep - 16 hours 34 min ago

COMMENTARY:

Indiatimes - India in Gambhir Condition: Second home whitewash in 12 months raises doubt if coach is mistaking flux for transition - 6 hours 11 min ago

The Hindu - India's MRO sector to be worth $4bn by 2031: Civil Aviation Minister Ram Mohan Naidu - 15 hours 26 min ago

SCMP - India, Afghanistan close ranks against Pakistan, marking South Asia power shift - 16 hours 3 min ago

Trump’s record tariff haul meets Supreme Court review as White House braces for ruling
FOX Business - 7 hours 51 min ago
Tariff revenues hit record $34.2 billion in October as Supreme Court weighs Trump's trade authority. Stakes rise for economic agenda amid challenge.

COMMENTARY:

Indiatimes - Auto industry flags Mexico's plan for steep tariff hike; pharma firms also worried - 1 hour 14 min ago

EU rethinks UAE trade deal over alleged arms sales to Sudan
Deutsche Welle - 8 hours 31 min ago
Members of the European Parliament demand that the EU end talks with the UAE over a trade deal. The UAE is suspected of sending arms to a Sudanese paramilitary accused of war crimes, which the Emirati government denies.

RELATED:

FOX Business - Trump admin negotiating Taiwan trade deal that would give US semiconductor boost: report - 10 hours 59 min ago

Bitcoin’s Drawdown Breaks Old Rule as Volatility Stays Tame - Bloomberg
Bloomberg - 8 hours 56 min ago
Bitcoin’s Drawdown Breaks Old Rule as Volatility Stays Tame Bloomberg

COMMENTARY:

Indiatimes - Bitcoin price target: JPMorgan predicts BTC USD could hit $240,000 and reveals why crypto is acting like a macro asset - 6 hours 5 min ago

Vanguard fund strips out China in emerging markets investment play
FOX Business - 10 hours 19 min ago
Vanguard launches an exchange-traded fund to help investors access emerging markets like Brazil, India and Taiwan while avoiding China's risk and volatility.

'Some Aspects Viewed Positively': Russia Welcomes Trumps Peace Plan
NDTV - 10 hours 36 min ago
Russia has seen the latest copy of a draft US plan to end the Ukraine war and views some of it positively but wants a discussion about the other parts, the Kremlin said Wednesday.

CNBC - All eyes on Russia as it eyes Ukraine peace plan with caution - 14 hours 13 min ago

BBC - Trump defends envoy after leak appears to show him coaching Russia - 14 hours 49 min ago

Deutsche Welle - Russia accuses Europe of 'meddling' in Ukraine peace plan - 20 hours 39 min ago

NDTV - US Envoy Advised Russia On How To Pitch Ukraine Plan To Trump: Report - 23 hours 8 min ago

COMMENTARY:

Sydney Morning Herald - Putin’s ‘ghost ships’: Russian blood oil in Aussie cars - 4 hours 27 min ago

The Independent - Russian nationals among 4 people arrested in France over espionage probe - 8 hours 57 min ago

BusinessInsider - Russia's adding cameras to its Shahed drones so it can catch Ukrainian interceptors approaching from behind - 12 hours 58 min ago

Russia Today - EU scrambling to steal Russian funds - 13 hours 56 min ago

SCMP - Chinese tourism to Russia soars as travellers pivot from under-fire Japan - 15 hours 14 min ago

The Guardian - Russia’s mindset has not changed since Yalta, says Von der Leyen, as EU discusses Ukraine peace plan – Europe live - 16 hours 40 min ago

Indiatimes - Russian Knights honour fallen Tejas' pilot Wing Commander Namansh Syal in ‘Missing Man’ tribute; watch video - 20 hours 32 min ago

Trump Says Will Meet Putin And Zelensky 'Only When Ukraine Deal Is Final'
NDTV - 11 hours 20 min ago
President Donald Trump dispatched top negotiators for additional high-level meetings with both Russia and Ukraine but said he would only be willing to meet the leaders of those countries if talks yielded a so-far elusive pact to end the war.

COMMENTARY:

Indiatimes - Steve Witkoff coached Putin aide on how Russian leader should pitch Trump on Ukraine peace plan - 6 hours 27 min ago

The Independent - Ukraine has tried to bounce US into a peace deal - but Putin is still in charge - 15 hours 31 min ago

Sydney Morning Herald - ‘A man for every season’: The new Putin calendar is here - 16 hours 44 min ago

UK growth forecasts lowered from next year
BBC - 11 hours 30 min ago
Downgrades to productivity means the economy is set to grow at an annual rate of 1.5% on average over the next five years.

COMMENTARY:

Indiatimes - UK unveils tax-raising budget as growth downgraded - 10 hours 15 min ago

Meta slams EU's 'aberrant' antitrust demands for data on Facebook - Reuters
Reuters - 11 hours 59 min ago
Meta slams EU's 'aberrant' antitrust demands for data on Facebook Reuters

COMMENTARY:

Indiatimes - Apple fights india antitrust rule that could trigger $38 billion global penalty - 6 hours 13 min ago

Nvidia plays down Google chip threat concerns
BBC - 12 hours 37 min ago
The world's most valuable company said it was still "a generation ahead of the industry".

RELATED:

BBC - Nvidia plays down Google chip threat concerns - 12 hours 37 min ago

NDTV - Google's AI Awakening Sends Alphabet Near $4 Trillion, And Rivals Scrambling - 13 hours 11 min ago

COMMENTARY:

BusinessInsider - What's next for Google's AI team? Sundar Pichai says he hopes they 'get a bit of rest' - 4 hours 31 min ago

SCMP - AI scaling hasn’t reached a dead end yet, Chinese Google scientist says - 12 hours 14 min ago

Indiatimes - Google Meet, Snapchat, ChatGPT: The internet keeps breaking and users are the first to feel it - 15 hours 2 min ago

The Hindu - Meta in talks to spend billions on Google's chips: Report - 20 hours 53 min ago

The Straits Times - Google, the sleeping giant in global AI race, now ‘fully awake’ - 22 hours 35 min ago

Homebuyers make a last gasp effort before the holidays, but interest rates offer little incentive
CNBC - 13 hours 14 min ago
Mortgage demand was split last week, with current borrowers pulling back and potential homebuyers coming in. It resulted in flat overall weekly volume.

Allianz to cut up to 1,800 jobs due to AI advances, says source - Reuters
Reuters - 13 hours 40 min ago
Allianz to cut up to 1,800 jobs due to AI advances, says source Reuters

COMMENTARY:

Indiatimes - Tech layoffs November 2025: Apple, Synopsys, Hewlett-Packard, Playtika, HP & more cut jobs - which roles and departments are most affected - 3 hours 47 min ago

The Straits Times - Allianz to cut up to 1,800 jobs due to AI advances, says source - 11 hours 34 min ago

The Guardian - Computer maker HP to cut up to 6,000 jobs by 2028 as it turns more to AI - 14 hours 20 min ago

8 Million People Are Jobless In Pakistan, Unemployment Rate Jumps To 7.1%
NDTV - 15 hours 15 min ago
The unemployment rate in Pakistan has risen, resulting in the number of jobless people in the country crossing the figure of eight million people, according to the Labour Force Survey (LFS) 2024-2025 released by the Pakistan Bureau of Statistics.

Tesla says it values China suppliers, does not exclude any by origin - Reuters
Reuters - 17 hours 34 min ago
Tesla says it values China suppliers, does not exclude any by origin Reuters

COMMENTARY:

SCMP - Tesla affirms confidence in Chinese partners, rejects supplier bans - 13 hours 27 min ago

BusinessInsider - Elon Musk says Tesla's Austin robotaxi fleet should 'roughly double' next month after fans complain it's unusable - 13 hours 43 min ago

Crypto Worth $11 Million Stolen From OpenAI CEO Sam Altman's Ex's House
NDTV - 17 hours 54 min ago
A tech investor who once dated OpenAI CEO Sam Altman had his $11 million cryptocurrency stolen Saturday evening.

COMMENTARY:

Indiatimes - Bitcoin price (BTC USD) surges above $90,000 ahead of Thanksgiving 2025: Ethereum, Solana, XRP, & Dogecoin rally amid crypto market recovery - 3 hours 16 min ago

Ukraine updates: EU calls for more Russia sanctions
Deutsche Welle - 20 hours 39 min ago
Amid a push for a peace plan, the EU's top diplomat is urging more pressure on Moscow. Meanwhile, Trump's envoy Witkoff will meet Putin next week. Follow DW for more.

COMMENTARY:

Indiatimes - Sanctions shake up $20B Chinese refinery, western partners pull out - 13 hours 51 min ago

"Chennai Got 220,000 H-1B Visas": US Economist's "Fraud" Allegation
NDTV - 21 hours 3 min ago
America's H-1B visa programme is once again in hot water after an economist accused the system of fraud, alleging that the Chennai district in India obtained more than twice the total number of visas allowed nationwide.

COMMENTARY:

Indiatimes - How China leveraged its rare earths dominance over the US - 22 hours 29 min ago