Business
2 US Navy pilots shot down over Red Sea in apparent ‘friendly fire’ incident, US military says
Both pilots were recovered alive after ejecting from their stricken aircraft, with one suffering minor injuries. Read More
Trump demands Panama lower transit fees or return canal
The US is the canal’s biggest customer, responsible for about three quarters of the cargo transiting through each year. Read More
‘God Bless America’ fund beats political rivals with 33% gain
The fund’s biggest holding is Tesla Inc., run by Elon Musk, who backed Trump’s election bid. Read More
Palantir and Anduril join forces with tech groups to bid for Pentagon contracts
Consortium likely to include Elon Musk’s SpaceX in move to grab a bigger slice of $850bn US defence budget
How 2024 reordered the Middle East
Many in the west will find comfort that these historical transformations have been contained but complacency is dangerous
Sweden criticises China for refusing full access to vessel suspected of Baltic Sea cable sabotage
Swedish public prosecutor denied permission to board Yi Peng 3 despite open investigation
The Bombas founders survived layoffs and dead-end jobs before starting their billion-dollar empire. They have a message for anyone with a dream
Randy Goldberg and David Heath’s certified B-Corp apparel company is one of the biggest-ever brands to appear on Shark Tank. ...
Warren Buffett once said ‘a house can be a nightmare if the buyer’s eyes are bigger than his wallet’ but thinks his $31,500 investment is one of his best
He considers his two wedding rings to be his top investments, though. Read More
US accounting qualification reforms spark industry clash
Proposal to replace fifth year of education with on-the-job training criticised by group representing Big Four
Trump’s transition team seeks to pull US out of WHO ‘on day one’
Swift exit would remove global health body’s main source of funds and damage its ability to tackle emergencies
M&G sues Royal London over client exposure to ‘inappropriately risky investments’
Asset manager demands at least £27mn in damages after buying financial adviser platform from mutual
Qatar will ‘stop’ EU gas sales if fined under due diligence law
Energy minister warns Doha ‘not bluffing’ over hefty penalties in corporate sustainability directive
Year in a word: Incumbent
Being elected to government used to help you stay there. Now it may help push you out
Valencia floods: the scandal of a disaster foretold
Political leaders, on the day and over the decades, failed to heed warnings — or issue them as the waters ...
Trump and the power of Mar-a-Lago
The former property developer well understands how buildings and spaces can be used effectively as propaganda
Record $600bn pours into global bond funds in 2024
Investors piled into fixed income in bet on falling interest rates
Trump’s daughter-in-law says she won’t seek US Senate seat
The president-elect said this week he didn’t expect DeSantis to appoint Lara Trump to the Senate. Read More
Russia’s war machine is running on fumes as industry warns of bankruptcies and the Kremlin gets old tanks from movie studio
Russia’s largest movie studio donated about 50 tanks and armored vehicles from the 1950s that it had been using a ...
Trump taps ‘Apprentice’ producer Mark Burnett as special envoy to UK and Tilman Fertitta as Italy ambassador
Trump also announced casino magnate Tilman Fertitta as his choice to be U.S. ambassador to Italy. Read More
Amazon NYC warehouse targeted by Teamsters as strike expands
Workers at one of Amazon’s air cargo hubs, in San Bernadino, California, were also joining the strike as of Saturday ...
There’s now a 40% chance the Fed will pivot back to hiking rates again next year, top economist says
“For investors, it is starting to look similar to 2022—too high inflation, rising interest rates, and falling stock prices.” Read ...
The spending bill that averted a shutdown shrank from more than 1,500 pages to just 100—here’s what was cut
The spending bill that cleared Congress didn’t include pharmacy benefit manager reforms, a pay raise for lawmakers, and a crackdown ...
Why companies like OpenAI and SpaceX are staying private longer
As a result, a relatively small group of people have access to the upside while the vast majority of potential ...
Cocoa caps 2024 as biggest commodity winner. It’s not over yet
Cocoa prices have almost tripled this year as faltering production in West Africa spurred massive supply shortages. Read More
Social Security benefits for many public service retirees get a boost in late-night spending bill
A typical dual-income couple retiring in 2033 would see an additional $25,000 lifetime reduction in their benefits. Read More
Gifts accepted by Clarence Thomas ‘have no comparison in modern American history,’ Senate Democrats say
The investigation found that Thomas has accepted gifts and travel from wealthy benefactors worth more than $4.75 million by some ...
How to watch Week 16 games of the 2024-2025 NFL season live online for free—and without cable
It’s a holiday feast of football! Read More
Keir Starmer looks at sweeping reforms to special education needs
Ministers consider changes to SEN system as Labour vows to tackle ‘crisis’ in provision
Home Office to review autism cases in anti-extremism unit
Study into Prevent programme comes after FT investigation exposing prevalence of autism in counter-terror casework
Anti-Islam Saudi immigrant held over Magdeburg attack
Four people killed and more than 200 injured after car ploughs into busy Christmas market
