Incoming president Trump’s policy agenda on tariffs and taxes looms over the Fed’s outlook, though Fed chair Powell called it “premature” to assess any impacts
Americas
Air connectivity
IndiGo announces 4 new codeshare flights to the US via Istanbul
The latest expansion will take the airline’s connectivity to the US to nine destinations across the country
cloud services
Google urges FTC to break up Microsoft’s cloud deal with OpenAI: report
Tech companies that compete with Microsoft in renting out cloud servers also want to host OpenAI’s models
Airbus
Airbus delivers UAE’s latest telecom satellite to Florida launch site
Space42 says the new satellite will enable the company to introduce more than 15 new products once operational
Aerospace
Boeing resumes 737 MAX production after workers’ strike
The US plane maker has about 4,200 orders for the jetliner from airlines eager to meet growing global demand for air travel
Canada
America First 2.0: Trump’s new trade doctrine could target allies first, experts say
Experts say viewing Trump solely as anti-China misses the broader global trade transformation underway
Donald Trump
Donald Trump says he won’t try to oust Fed Chief Powell in second term
Trump added that he didn’t think Powell, who he has sparred with in the past over interest rate levels, would go quietly
China
Analysis: Gulf nations poised as ‘safe zones’ amid Trump 2.0 trade reset, but gains may be limited – experts
Gulf nations’ strategic importance is likely to grow as global trade patterns shift, experts say
Donald Trump
Donald Trump to block Nippon Steel’s takeover of US Steel
Nippon Steel hopes to close the deal before Trump retakes the White House on January 20, despite opposition from President Joe Biden and a powerful US labour union
dollar indian rupees
Indian rupee hits all-time low against USD on economic growth worries
The Indian rupee fell to 84.6075 per US dollar in early trading on Monday, weakening past its previous all-time low of 84.5075
Donald Trump
Donald Trump picks daughter’s father-in-law Massad Boulos as senior adviser on Middle East Affairs
Donald Trump, who has long installed family members and their relatives in key positions, is signalling that he will run his second administration the same way
Investments USA
Reliance subsidiary acquires 21% stake in US helium gas exploration, production company
The stake acquisition is estimated at $12 million
Dubai real estate
Dubai real estate outperforms London and New York with superior 7% investment yields and double-digit price increases
The Dubai real estate sector offers better returns for investors than property in London or New York