Canadian Prime Minister Justin Trudeau has cautioned that imposing tariffs or trade barriers on Canadian goods would not only damage Canada’s economy but also hurt American workers and jobs according to a detailed report by Bloomberg.

Speaking at a press conference in Vancouver, Trudeau emphasized the deep economic ties between the United States and Canada, highlighting the intertwined nature of their supply chains. "The interconnectedness between the supply chains in Canada and the United States means that any barriers at the border will inevitably hurt American workers and American jobs," Trudeau stated, addressing the potential consequences of US protectionist trade policies, the Bloomberg report explained further.

Trudeau’s remarks came in response to US President Donald Trump’s trade stance, which includes imposing a 10 per cent tariff on all imports to the US Trump’s protectionist agenda aims to bolster American manufacturing and bring production back to the US, but Trudeau stressed that such measures could end up being counterproductive.

A report by economists at Desjardins forecasts that Canada’s real GDP could face a 1.7 per cent decline by 2028 if these tariffs are implemented, illustrating the far-reaching impact of trade barriers between the neighbouring countries.

The Canadian Prime Minister also pointed out that Trump’s approach, which seeks to limit imports in favour of domestic production, could have unintended consequences for the American workforce. "Tariffs or a thickening of the border will create disruptions in both economies," Trudeau warned, adding that the flow of goods between the two nations is essential for the prosperity of both.

Canada shares common ground with the US

Trudeau made it clear that Canada shares common ground with the US in addressing global trade imbalances, especially with China. Both countries have imposed tariffs on Chinese steel, aluminium, and electric vehicles, aiming to curb what they view as unfair trade practices.

Despite these shared objectives, Trudeau emphasized that the US-Canada trade relationship is a vital and mutually beneficial one, and measures that increase trade friction would have a detrimental effect on both sides.

In a direct appeal to US blue-collar workers, Trudeau argued that the trade barriers Trump advocates could backfire, impacting American jobs that rely on Canadian exports. He reiterated that Canada is a reliable and valuable partner for the US and that close cooperation between the two countries remains essential for maintaining their competitive edge in the global market.

Ultimately, Trudeau's message was clear: any moves to disrupt cross-border trade would harm not just Canadian workers but American ones as well. Both nations, he suggested, would be better served by strengthening their trade ties rather than weakening them.

Canadian Prime Minister Justin Trudeau has cautioned that imposing tariffs or trade barriers on Canadian goods would not only damage Canada’s economy but also hurt American workers and jobs according to a detailed report by Bloomberg.

Canadian Prime Minister Justin Trudeau has cautioned that imposing tariffs or trade barriers on Canadian goods would not only damage Canada’s economy but also hurt American workers and jobs according to a detailed report by Bloomberg. Speaking at a press conference in Vancouver, Trudeau emphasized the deep economic ties between the United States and Canada, highlighting the intertwined nature of their supply chains. "The interconnectedness between the supply chains in Canada and the United States means that any barriers at the border will inevitably hurt American workers and American jobs," Trudeau stated, addressing the potential consequences of US protectionist trade policies, the Bloomberg report explained further. Trudeau’s remarks came in response to US President Donald Trump’s trade stance, which includes imposing a 10 per cent tariff on all imports to the US Trump’s protectionist agenda aims to bolster American manufacturing and bring production back to the US, but Trudeau stressed that such measures could end up being counterproductive. A report by economists at Desjardins forecasts that Canada’s real GDP could face a 1.7 per cent decline by 2028 if these tariffs are implemented, illustrating the far-reaching impact of trade barriers between the neighbouring countries. The Canadian Prime Minister also pointed out that Trump’s approach, which seeks to limit imports in favour of domestic production, could have unintended consequences for the American workforce. "Tariffs or a thickening of the border will create disruptions in both economies," Trudeau warned, adding that the flow of goods between the two nations is essential for the prosperity of both. Canada shares common ground with the US Trudeau made it clear that Canada shares common ground with the US in addressing global trade imbalances, especially with China. Both countries have imposed tariffs on Chinese steel, aluminium, and electric vehicles, aiming to curb what they view as unfair trade practices. Despite these shared objectives, Trudeau emphasized that the US-Canada trade relationship is a vital and mutually beneficial one, and measures that increase trade friction would have a detrimental effect on both sides. In a direct appeal to US blue-collar workers, Trudeau argued that the trade barriers Trump advocates could backfire, impacting American jobs that rely on Canadian exports. He reiterated that Canada is a reliable and valuable partner for the US and that close cooperation between the two countries remains essential for maintaining their competitive edge in the global market. Ultimately, Trudeau's message was clear: any moves to disrupt cross-border trade would harm not just Canadian workers but American ones as well. Both nations, he suggested, would be better served by strengthening their trade ties rather than weakening them.

Trudeau warns US tariffs on Canada would harm American workers

Germany Chancellor Olaf Scholz spoke to the US President-elect Donald Trump on Sunday (Nov 10) by phone and “agreed to work towards a return to peace in Europe,” chancellor’s spokesperson Steffen Hebestreit said in a brief statement.

"Both exchanged views on the German-American relationship and the current geopolitical challenges," Hebestreit said.

"The chancellor underlined the government's willingness to continue the decades-long successful cooperation between the governments of both countries,” the statement read.

“They also agreed to work together towards a return to peace in Europe."

Also Read |&nbsp;<a href="https://www.wionews.com/world/netanyahu-admits-he-okayed-lebanon-pager-blasts-reveals-three-recent-calls-with-trump-on-iran-775056">Netanyahu admits he ‘okayed’ Lebanon pager blasts; talked to US President-elect Trump thrice on Iran threat</a>

This conversation comes as Scholz is mired in political crises and is set to face snap elections. The German Chancellor said on Sunday that he would be willing to call a vote of confidence in parliament before Christmas.

Scholz’s three-way coalition collapsed last week as disagreements grew over how much money the government should spend to encourage growth and support to Ukraine.

"I'm not clinging to my job," he said in an interview on ARD television.

Now, with Trump back in the White House, who has been vocal about curtailing the finds to Ukraine, the president-elect will look forward to putting an end to the three-year-long war quickly.&nbsp;

WATCH |&nbsp;Germany Chancellor Scholz Loses Majority In Parliament

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During his campaign, Trump repeatedly vowed to end the Ukraine war quickly -- even before he was sworn into office -- but without detailing how.

Trump has also spoken to Russian President Vladimir Putin and urged him not to escalate the war, the Washington Post reported earlier Sunday.&nbsp;

During his last term, Trump criticised NATO ally and Europe’s largest economy Germany for what he believed was insufficient spending as well as trade and other issues.

Scholz had already congratulated Trump on Wednesday and urged continued transatlantic ties as “we’re better off together” he told Trump in English.

Also Read |&nbsp;<a href="https://www.wionews.com/world/sizeable-military-presence-in-europe-trump-warns-putin-against-escalating-ukraine-war-775063">‘Sizeable military presence in Europe’: Trump warns Putin against escalating Ukraine war</a>

"Together we can achieve much more than against each other," added the centre-left leader of Germany.

Interestingly, Scholz criticised Trump as divisive during the US election campaign and openly expressed his preference for Biden.&nbsp;

Trump’s call with Scholz notably comes after the Republican spoke with several leaders of other European countries, including French President Emmanuel Macron, Italian Prime Minister Giorgia Meloni and Danish Prime Minister Mette Frederiksen.

(With inputs from agencies)

Germany Chancellor Olaf Scholz spoke to the US President-elect Donald Trump on Sunday (Nov 10) by phone and “agreed to work towards a return to peace in Europe,” chancellor’s spokesperson Steffen Hebestreit said in a brief statement.

Germany Chancellor Olaf Scholz spoke to the US President-elect Donald Trump on Sunday (Nov 10) by phone and “agreed to work towards a return to peace in Europe,” chancellor’s spokesperson Steffen Hebestreit said in a brief statement. "Both exchanged views on the German-American relationship and the current geopolitical challenges," Hebestreit said. "The chancellor underlined the government's willingness to continue the decades-long successful cooperation between the governments of both countries,” the statement read. “They also agreed to work together towards a return to peace in Europe." Also Read | Netanyahu admits he ‘okayed’ Lebanon pager blasts; talked to US President-elect Trump thrice on Iran threat This conversation comes as Scholz is mired in political crises and is set to face snap elections. The German Chancellor said on Sunday that he would be willing to call a vote of confidence in parliament before Christmas. Scholz’s three-way coalition collapsed last week as disagreements grew over how much money the government should spend to encourage growth and support to Ukraine. "I'm not clinging to my job," he said in an interview on ARD television. Now, with Trump back in the White House, who has been vocal about curtailing the finds to Ukraine, the president-elect will look forward to putting an end to the three-year-long war quickly. WATCH | Germany Chancellor Scholz Loses Majority In Parliament × During his campaign, Trump repeatedly vowed to end the Ukraine war quickly -- even before he was sworn into office -- but without detailing how. Trump has also spoken to Russian President Vladimir Putin and urged him not to escalate the war, the Washington Post reported earlier Sunday. During his last term, Trump criticised NATO ally and Europe’s largest economy Germany for what he believed was insufficient spending as well as trade and other issues. Scholz had already congratulated Trump on Wednesday and urged continued transatlantic ties as “we’re better off together” he told Trump in English. Also Read | ‘Sizeable military presence in Europe’: Trump warns Putin against escalating Ukraine war "Together we can achieve much more than against each other," added the centre-left leader of Germany. Interestingly, Scholz criticised Trump as divisive during the US election campaign and openly expressed his preference for Biden. Trump’s call with Scholz notably comes after the Republican spoke with several leaders of other European countries, including French President Emmanuel Macron, Italian Prime Minister Giorgia Meloni and Danish Prime Minister Mette Frederiksen. (With inputs from agencies)

Trump and Scholz discuss 'return of peace in Europe' amid Scholz's call for earlier German confidence vote

After Donald Trump's shocking but stunning victory in the United States presidential elections, women in the country have been recording and uploading videos based on murder fantasies.

In the videos, the women have been romanticising putting deadly poison in the beverages of men as a justifiable act in reaction to the fears about what would happen to abortion rights in Trump's second presidency.

A lot of videos shared on X and TikTok received millions of views and in these videos, young women are seen fiendishly grinning while they adulterate any drink or tea with an unknown substance.

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HOLY SH*T, Karens lost their fvcking minds over Trump’s win and launched MATGA—short for Make Aqua Tofana Great Again. 
 
Aqua Tofana was a powerful poison in 17th-century Sicily, sold by women to other women seeking to escape abusive relationships by discreetly poisoning their… <a href="https://t.co/KvHK8ZXWz4">pic.twitter.com/KvHK8ZXWz4</a>
— I Meme Therefore I Am 🇺🇸 (@ImMeme0) <a href="https://twitter.com/ImMeme0/status/1855428375734841575?ref_src=twsrc%5Etfw">November 10, 2024</a></blockquote>
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🔴 have you seen the MATGA movement? It stands for Make Aqua Tofana Great Again 
 
Aqua Tofana was used to poison husbands in 1630. Yeah, back before we had toxicology reports. <a href="https://twitter.com/hashtag/AquaTofana?src=hash&amp;ref_src=twsrc%5Etfw">#AquaTofana</a> <a href="https://twitter.com/hashtag/MATGA?src=hash&amp;ref_src=twsrc%5Etfw">#MATGA</a> <a href="https://t.co/FABZrzBxAk">pic.twitter.com/FABZrzBxAk</a>
— Tanya Beard (@TanyaBeard10264) <a href="https://twitter.com/TanyaBeard10264/status/1855673514830729366?ref_src=twsrc%5Etfw">November 10, 2024</a></blockquote>
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The women have said that these videos are part of a “Make Aqua Tofana Great Again” (“MATGA”) movement. The name of the movement has been inspired by Trump’s campaign slogan, “Make America Great Again” (MAGA) and ancient killer Giulia Tofana.

Also Read:&nbsp;<a href="https://www.wionews.com/world/donald-trump-announces-tom-homan-as-border-czar-to-handle-deportation-of-illegal-aliens-775269">Donald Trump announces Tom Homan as 'border czar' to handle 'deportation of illegal aliens'</a>

<h2>Who is Giulia Tofana?</h2>

Giulia Tofana lived in 17th-century Italy and sold poison to wives who wanted to kill their abusive husbands. This resulted in the death of more than 600 men.

The signature brew of Tofana was a mixture of deadly ingredients like arsenic and belladonna called “Aqua Tofana”.

The concoction had proved to be very effective in those times and Tofana was considered a very prolific serial killer.

It was believed that the poison was flavourless and was not detectable after death. It was generally stored in ordinary cosmetics bottles.

<h2>What are US women doing under the MATGA movement?</h2>

In one of the online videos, a young woman with green hair had a large, spiked septum ring which had the text “Aqua Tofana isn’t that hard to make” superimposed on footage in which she was making a gesture of slitting a throat with her thumb.

A lot of videos also had Eminem's song “Venom” playing in the background with lyrics, “This f–king world better prepare to get laced because they’re gonna taste my venom.”

Watch:&nbsp;Trump's 'border Czar' Tom Homan's Deportation Plan

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Some women have not mentioned Aqua Tofana but just showed off their “poison rings" and wearable baubles, which supposedly had hidden compartments that apparently held lethal doses of a toxin.

“My advice for American women,” a text in a video read as a woman stood by a body-length mirror.

“I know you will understand this. They asked for it,” read the text as she flipped open her poison ring.

A woman&nbsp;shared a TikTok&nbsp;video and appealed to people to take part in &nbsp;“MATGA” movement.&nbsp;

“You do know those videos can be used against you, right? It’s giving off premeditated vibes. The internet is FOREVER. Also.. the 1600s were A LOT different than 2024 advancements in detecting POISON,” read the text of the video shared by the woman.

(With inputs from agencies)

After Donald Trump's shocking but stunning victory in the United States presidential elections, women in the country have been recording and uploading videos based on murder fantasies.

After Donald Trump's shocking but stunning victory in the United States presidential elections, women in the country have been recording and uploading videos based on murder fantasies. In the videos, the women have been romanticising putting deadly poison in the beverages of men as a justifiable act in reaction to the fears about what would happen to abortion rights in Trump's second presidency. A lot of videos shared on X and TikTok received millions of views and in these videos, young women are seen fiendishly grinning while they adulterate any drink or tea with an unknown substance. HOLY SH*T, Karens lost their fvcking minds over Trump’s win and launched MATGA—short for Make Aqua Tofana Great Again. Aqua Tofana was a powerful poison in 17th-century Sicily, sold by women to other women seeking to escape abusive relationships by discreetly poisoning their… pic.twitter.com/KvHK8ZXWz4 — I Meme Therefore I Am 🇺🇸 (@ImMeme0) November 10, 2024 × 🔴 have you seen the MATGA movement? It stands for Make Aqua Tofana Great Again Aqua Tofana was used to poison husbands in 1630. Yeah, back before we had toxicology reports. #AquaTofana #MATGA pic.twitter.com/FABZrzBxAk — Tanya Beard (@TanyaBeard10264) November 10, 2024 × The women have said that these videos are part of a “Make Aqua Tofana Great Again” (“MATGA”) movement. The name of the movement has been inspired by Trump’s campaign slogan, “Make America Great Again” (MAGA) and ancient killer Giulia Tofana. Also Read: Donald Trump announces Tom Homan as 'border czar' to handle 'deportation of illegal aliens' Who is Giulia Tofana? Giulia Tofana lived in 17th-century Italy and sold poison to wives who wanted to kill their abusive husbands. This resulted in the death of more than 600 men. The signature brew of Tofana was a mixture of deadly ingredients like arsenic and belladonna called “Aqua Tofana”. The concoction had proved to be very effective in those times and Tofana was considered a very prolific serial killer. It was believed that the poison was flavourless and was not detectable after death. It was generally stored in ordinary cosmetics bottles. What are US women doing under the MATGA movement? In one of the online videos, a young woman with green hair had a large, spiked septum ring which had the text “Aqua Tofana isn’t that hard to make” superimposed on footage in which she was making a gesture of slitting a throat with her thumb. A lot of videos also had Eminem's song “Venom” playing in the background with lyrics, “This f–king world better prepare to get laced because they’re gonna taste my venom.” Watch: Trump's 'border Czar' Tom Homan's Deportation Plan Some women have not mentioned Aqua Tofana but just showed off their “poison rings" and wearable baubles, which supposedly had hidden compartments that apparently held lethal doses of a toxin. “My advice for American women,” a text in a video read as a woman stood by a body-length mirror. “I know you will understand this. They asked for it,” read the text as she flipped open her poison ring. A woman shared a TikTok video and appealed to people to take part in “MATGA” movement. “You do know those videos can be used against you, right? It’s giving off premeditated vibes. The internet is FOREVER. Also.. the 1600s were A LOT different than 2024 advancements in detecting POISON,” read the text of the video shared by the woman. (With inputs from agencies)

US women begin ‘MATGA’ movement after Trump’s victory, fantasise poisoning men

US climate envoy John Podesta said on Monday (Nov. 11) that US President-elect Donald Trump can slow the transition from fossil fuels but would not stop it when he returns to office in January.&nbsp;

While speaking at the annual UN climate summit in Baku, Azerbaijan, Podesta urged governments to keep faith in the country's promise to combat global warming.&nbsp;

Podesta further called last week's US election result “bitterly disappointing”.&nbsp;

<a href="https://www.wionews.com/south-asia/pakistans-cities-record-highest-aqi-triggering-anxiety-and-anguish-775074">Also read:&nbsp;Pakistan's cities record highest AQI, triggering anxiety and anguish</a>

"But what I want to tell you today is that while the United States federal government, under Donald Trump, may put climate action on the back burner, but the work to contain climate change is going to continue in the United States."

He then praised Joe Biden and Kamala Harris’ decision to rejoin the Paris agreement - which Trump left the last time he was president.&nbsp;

He said that Trump's &nbsp;"relationship to climate change is captured by the word 'hoax'”.

“None of this is a hoax, it is real,” he added.&nbsp;

Watch |&nbsp;Majority Of Israeli Public Concerned Of Climate Change: Survey

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Podesta suggested that Trump's incoming administration will try to make a U-turn on the government's climate commitment, but that the US is committed to its goals.

“Are we facing new headwinds, absolutely. But will we revert to the energy system of the 1950s? No way,” he said.&nbsp;

Podesta said the Inflation Reduction Act (IRA), opens a new tab, President Joe Biden's landmark climate legislation providing billions of dollars in subsidies for clean energy, would continue to drive investments in solar, wind and other technologies, adding that the US state governments would also push emissions cuts through regulation.

(With inputs from agencies)

US climate envoy John Podesta said on Monday (Nov. 11) that US President-elect Donald Trump can slow the transition from fossil fuels but would not stop it when he returns to office in January.

US climate envoy John Podesta said on Monday (Nov. 11) that US President-elect Donald Trump can slow the transition from fossil fuels but would not stop it when he returns to office in January. While speaking at the annual UN climate summit in Baku, Azerbaijan, Podesta urged governments to keep faith in the country's promise to combat global warming. Podesta further called last week's US election result “bitterly disappointing”. Also read: Pakistan's cities record highest AQI, triggering anxiety and anguish "But what I want to tell you today is that while the United States federal government, under Donald Trump, may put climate action on the back burner, but the work to contain climate change is going to continue in the United States." He then praised Joe Biden and Kamala Harris’ decision to rejoin the Paris agreement - which Trump left the last time he was president. He said that Trump's "relationship to climate change is captured by the word 'hoax'”. “None of this is a hoax, it is real,” he added. Watch | Majority Of Israeli Public Concerned Of Climate Change: Survey × Podesta suggested that Trump's incoming administration will try to make a U-turn on the government's climate commitment, but that the US is committed to its goals. “Are we facing new headwinds, absolutely. But will we revert to the energy system of the 1950s? No way,” he said. Podesta said the Inflation Reduction Act (IRA), opens a new tab, President Joe Biden's landmark climate legislation providing billions of dollars in subsidies for clean energy, would continue to drive investments in solar, wind and other technologies, adding that the US state governments would also push emissions cuts through regulation. (With inputs from agencies)

COP29: US climate envoy calls elections ‘bitterly disappointing’, says work will go on despite Trump’s return

President-elect Donald Trump said he has offered Republican Congresswoman&nbsp;Elise&nbsp; Stefanik the job of US ambassador to the United Nations, in comments to US media late Sunday.&nbsp;

"I am honoured to nominate Chairwoman&nbsp;Elise&nbsp;Stefanik&nbsp;to serve in my Cabinet as US&nbsp;Ambassador to the United Nations.&nbsp;Elise&nbsp;is an incredibly strong, tough, and smart America First fighter," Trump said in a statement to the New York Post.

Trump -- who never conceded his 2020 loss -- sealed a remarkable comeback to the presidency in the November 5 vote and will be inaugurated in January.

Also Read:&nbsp;<a href="https://www.wionews.com/world/donald-trump-announces-tom-homan-as-border-czar-to-handle-deportation-of-illegal-aliens-775269">Donald Trump announces Tom Homan as 'border czar' to handle 'deportation of illegal aliens'</a>

Stefanik&nbsp;confirmed her acceptance of the role in a statement to the newspaper, saying she was "truly honoured".

"During my conversation with President Trump, I shared how deeply humbled I am to accept his nomination and that I look forward to earning the support of my colleagues in the United States Senate," she said.

The appointment of&nbsp;Stefanik&nbsp;was also reported by CNN which quoted two unnamed sources.

Disclaimer: This story has been published from a news agency feed with minimal edits for grammar and punctuation. The headline may have been changed to better reflect the content of the story or to make it more suitable for WION&nbsp;audience.

President-elect Donald Trump said he has offered Republican Congresswoman Elise Stefanik the job of US ambassador to the United Nations, in comments to US media late Sunday.

President-elect Donald Trump said he has offered Republican Congresswoman Elise Stefanik the job of US ambassador to the United Nations, in comments to US media late Sunday. "I am honoured to nominate Chairwoman Elise Stefanik to serve in my Cabinet as US Ambassador to the United Nations. Elise is an incredibly strong, tough, and smart America First fighter," Trump said in a statement to the New York Post. Trump -- who never conceded his 2020 loss -- sealed a remarkable comeback to the presidency in the November 5 vote and will be inaugurated in January. Also Read: Donald Trump announces Tom Homan as 'border czar' to handle 'deportation of illegal aliens' Stefanik confirmed her acceptance of the role in a statement to the newspaper, saying she was "truly honoured". "During my conversation with President Trump, I shared how deeply humbled I am to accept his nomination and that I look forward to earning the support of my colleagues in the United States Senate," she said. The appointment of Stefanik was also reported by CNN which quoted two unnamed sources. Disclaimer: This story has been published from a news agency feed with minimal edits for grammar and punctuation. The headline may have been changed to better reflect the content of the story or to make it more suitable for WION audience.

Trump chooses Elise Stefanik as US ambassador to UN in his second term

Tesla and SpaceX CEO Elon Musk has endorsed a controversial idea that could reshape US economic policy: allowing the president to have direct influence over Federal Reserve decisions, according to a detailed report by CNBC.

Musk’s endorsement came on Friday in response to a social media post by Senator Mike Lee (R-Utah), who called for the Federal Reserve to be brought under presidential control, ending its long-standing independence. Lee's tweet included the hashtag #EndtheFed, and Musk responded with a simple “100” emoji, signaling his agreement, explained the CNBC report further.

Pressure is building up to reduce autonomy of the Federal Reserve<o:p></o:p>

The endorsement is significant as it reflects growing pressure from some conservative figures, including Musk and Trump supporters, to reduce the autonomy of the central bank. This pressure could intensify if Donald Trump returns to the White House in 2024, signalling a potential shift in economic policy priorities.

Senator Lee’s proposal aims to give the president direct authority over the Federal Reserve, including control over its monetary policy decisions, such as setting interest rates. Traditionally, the Federal Reserve operates independently from the executive branch to shield its decisions from political pressures. This independence is seen as crucial for making objective, long-term economic choices based on data rather than political considerations.

However, this tradition has been increasingly challenged, especially by Trump. During his first term, Trump frequently criticized Fed Chairman Jerome Powell, publicly disagreeing with his policies and even suggesting that Powell should be replaced.

Powell reiterated that he would not resign<o:p></o:p>

Further, in a recent statement, Powell reiterated that he would not resign if Trump asked him to, signalling a potential return to tension between the White House and the Federal Reserve under another Trump presidency.

The issue of presidential influence over the Fed gained additional traction during the 2024 campaign. Trump has repeatedly suggested that the president should have a greater role in shaping US monetary policy.

In August, he argued that his business success and financial acumen gave him better instincts than the economists at the Federal Reserve. "I think I have a better instinct than, in many cases, people that would be on the Federal Reserve or the chairman," Trump said during a press conference at his Mar-a-Lago estate, the CNBC report explained further.

Musk’s endorsement of Lee’s call to #EndtheFed is part of a broader movement that seeks to reshape the economic governance of the United States, and could become a key issue in the coming years.

As debates over Fed independence intensify, the future of US monetary policy remains uncertain, with the potential for significant shifts depending on how things evolve in the global economy

Tesla and SpaceX CEO Elon Musk has endorsed a controversial idea that could reshape US economic policy: allowing the president to have direct influence over Federal Reserve decisions, according to a detailed report by CNBC.

Tesla and SpaceX CEO Elon Musk has endorsed a controversial idea that could reshape US economic policy: allowing the president to have direct influence over Federal Reserve decisions, according to a detailed report by CNBC. Musk’s endorsement came on Friday in response to a social media post by Senator Mike Lee (R-Utah), who called for the Federal Reserve to be brought under presidential control, ending its long-standing independence. Lee's tweet included the hashtag #EndtheFed, and Musk responded with a simple “100” emoji, signaling his agreement, explained the CNBC report further. Pressure is building up to reduce autonomy of the Federal Reserve The endorsement is significant as it reflects growing pressure from some conservative figures, including Musk and Trump supporters, to reduce the autonomy of the central bank. This pressure could intensify if Donald Trump returns to the White House in 2024, signalling a potential shift in economic policy priorities. Senator Lee’s proposal aims to give the president direct authority over the Federal Reserve, including control over its monetary policy decisions, such as setting interest rates. Traditionally, the Federal Reserve operates independently from the executive branch to shield its decisions from political pressures. This independence is seen as crucial for making objective, long-term economic choices based on data rather than political considerations. However, this tradition has been increasingly challenged, especially by Trump. During his first term, Trump frequently criticized Fed Chairman Jerome Powell, publicly disagreeing with his policies and even suggesting that Powell should be replaced. Powell reiterated that he would not resign Further, in a recent statement, Powell reiterated that he would not resign if Trump asked him to, signalling a potential return to tension between the White House and the Federal Reserve under another Trump presidency. The issue of presidential influence over the Fed gained additional traction during the 2024 campaign. Trump has repeatedly suggested that the president should have a greater role in shaping US monetary policy. In August, he argued that his business success and financial acumen gave him better instincts than the economists at the Federal Reserve. "I think I have a better instinct than, in many cases, people that would be on the Federal Reserve or the chairman," Trump said during a press conference at his Mar-a-Lago estate, the CNBC report explained further. Musk’s endorsement of Lee’s call to #EndtheFed is part of a broader movement that seeks to reshape the economic governance of the United States, and could become a key issue in the coming years. As debates over Fed independence intensify, the future of US monetary policy remains uncertain, with the potential for significant shifts depending on how things evolve in the global economy

Musk supports Trump’s push to weaken Fed independence

After the United States President-elect&nbsp;Donald Trump appointed&nbsp;Tom Homan as the 'border czar', the latter shared that he has been receiving death threats, adding that this is something "we are going to deal with".&nbsp;

In an interview on Fox and Friends, Homan said his family is "not at home right now" because they have received death threats.&nbsp;

"They are not going to bully me away," he said.&nbsp;

Homan noted that his task is to deliver on Trump's promise to enact the "largest deportation operation in history". To begin that, he said he would target those that "a federal judge said you must go and they didn't".

"You have the right to claim asylum. You have a right to see a judge. We make that happen,"&nbsp;he said, adding, "If the judge says you must go home, then we have to take them home."

<a href="https://www.wionews.com/world/donald-trump-announces-tom-homan-as-border-czar-to-handle-deportation-of-illegal-aliens-775269">Also read:&nbsp;Donald Trump announces Tom Homan as 'border czar' to handle 'deportation of illegal aliens'</a>

<h2>'Get the hell out of our way'</h2>

The newly-appointed 'border czar' said that his message for Democratic lawmakers who might resist Trump's mass deportation plans is to "get the hell out of our way".

Homan appeared on Fox News this morning, and said, "I've seen some of these Democratic governors say they're going to stand in the way and make it hard for us."&nbsp;

"We're going to do the job," he added.

Watch |&nbsp;USA News: Disappointed Americans Consider Moving Abroad After Elections Result

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He said that it is a similar tactic Democrats used during Trump's first term, creating areas known as sanctuary cities. "If sanctuary cities don't help us, then get out of the way... We're coming," he said.&nbsp;

Homan, who has backed Trump's controversial "zero tolerance" policy, will be his administration's border czar during the former president's second term.&nbsp;

Trump further said that Homan's responsibilities would include “the Southern Border, the Northern Border, all Maritime, and Aviation Security.”

(With inputs from agencies)

After the United States President-elect Donald Trump appointed Tom Homan as the 'border czar', the latter shared that he has been receiving death threats, adding that this is something "we are going to deal with".

After the United States President-elect Donald Trump appointed Tom Homan as the 'border czar', the latter shared that he has been receiving death threats, adding that this is something "we are going to deal with". In an interview on Fox and Friends, Homan said his family is "not at home right now" because they have received death threats. "They are not going to bully me away," he said. Homan noted that his task is to deliver on Trump's promise to enact the "largest deportation operation in history". To begin that, he said he would target those that "a federal judge said you must go and they didn't". "You have the right to claim asylum. You have a right to see a judge. We make that happen," he said, adding, "If the judge says you must go home, then we have to take them home." Also read: Donald Trump announces Tom Homan as 'border czar' to handle 'deportation of illegal aliens' 'Get the hell out of our way' The newly-appointed 'border czar' said that his message for Democratic lawmakers who might resist Trump's mass deportation plans is to "get the hell out of our way". Homan appeared on Fox News this morning, and said, "I've seen some of these Democratic governors say they're going to stand in the way and make it hard for us." "We're going to do the job," he added. Watch | USA News: Disappointed Americans Consider Moving Abroad After Elections Result × He said that it is a similar tactic Democrats used during Trump's first term, creating areas known as sanctuary cities. "If sanctuary cities don't help us, then get out of the way... We're coming," he said. Homan, who has backed Trump's controversial "zero tolerance" policy, will be his administration's border czar during the former president's second term. Trump further said that Homan's responsibilities would include “the Southern Border, the Northern Border, all Maritime, and Aviation Security.” (With inputs from agencies)

'Get the hell out of our way,' says Tom Homan as he receives death threats after appointment as 'border czar'

US President-elect Donald Trump demanded that Republican lawmakers allow him to appoint key officials without a Senate confirmation vote. Watch this report for more details!

Donald Trump Eyes Bypass of Senate Confirmation Vote

US President-elect Donald Trump has announced that Tom Homan, his former acting US Immigration and Customs Enforcement director, will serve as the "border czar" in his incoming administration. Watch this report for more details!

US: Donald Trump Announces Tom Homan as New 'Border Czar'

Bitcoin hit a new all-time high near $81,000, with futures premiums surging, signalling strong investor confidence that the cryptocurrency's record rally is set to continue. According to a comprehensive report by CNBC, this surge is being fueled by the recent US elections, which saw a wave of pro-crypto candidates secure office.

Open interest in bitcoin’s price surpassing $90,000 rose to more than $2.8 billion on the popular Deribit derivatives exchange, one of a few crypto native platforms that offers futures trading. Deribit encompasses most of the offshore options market, the CNBC report explained further.

“The options market’s bias is heavily toward continued momentum. Call options trade at a premium to puts, and open interest in out-of-the-money calls has grown,” Vetle Lunde, head of research at K33 Research, told CNBC.

A call option gives the buyer the right to buy shares of an underlying asset at a certain price for a specified period. Buying a call option is a bet the asset price will move higher. Buying a put option is a bet the asset price will fall.

The CME derivates exchange offers bitcoin futures contracts and is a popular way for institutions in the US to make bets on the future price of bitcoin. Velde told CNBC that on Friday CME premiums for ether and bitcoin averaged 14.5 per cent and 14 per cent, respectively. Ahead of the election, Velde says these premiums sat at 7 per cent, and had spent a majority of the past half year hovering slightly below 10 per cent.

“The recent surge is a meaningful deviation higher emphasizing the bullish flows of late,” he added, noting that yields more or less stabilized well into the double digits after the election became clear.

“Alongside the growth in leverage, we saw the first meaningful example of growing yields in offshore derivatives, indicative of the move being led by determined risk-takers positioning for further upside,” said Velde.

The early innings of bitcoin’s push higher coincided with substantial growth in open interest in perpetual swaps, or contracts that allow buyers to speculate on where they think prices are headed without a set expiration date.

However, according to Velde, liquidity in crypto markets on weekends is typically poorer than during weekdays, as neither CME futures nor ETFs are open to trade. Thus, moves tend to overreact and substantially retrace once these markets open again.

Donald Trump promised to turn US into the 'crypto capital of the planet'

President-elect Donald Trump promised on the campaign trail to turn the United States into the “crypto capital of the planet.” His multiple pledges to the crypto community included launching a national crypto stockpile with the more than $16 billion in bitcoin the US government has amassed through asset seizures, as well as slashing interest rates. The easing of monetary policy typically dovetails with a surge in crypto prices since it makes it cheaper to borrow money.

<o:p>&nbsp;</o:p>The Federal Reserve, which guides the country’s monetary policy, sets the benchmark rate. It also, by design, operates independently from the White House. On Thursday, the Fed approved its second consecutive interest rate cut.

On the back of election results and the Fed’s unanimous vote to again slash the benchmark rate, the crypto market broadly surged into the weekend. Ether eclipsed Bitcoin’s rise, up 30 per cent in the last seven days, and Solana’s market cap topped $100 billion on Sunday.

The total market cap of all spot bitcoin ETFs is now above $80 billion, and in the last three trading days alone, the spot funds collectively added $2.3 billion.

Within fintech, companies tied to crypto were some of the top performers, after candidates funded by the crypto industry won races up and down the ballot. 

Coinbase jumped 48 per cent in a week<o:p></o:p>

Coinbase shares jumped 48 per cent for the week, their strongest performance since January 2023. Coinbase was one of the top corporate donors in the election cycle, giving more than $75 million to Fairshake and its affiliate PACs, including a fresh pledge of $25 million to support the pro-crypto super PAC in the 2026 midterms.

Trump has vowed to oust SEC Chair Gary Gensler, which potentially bodes well for companies like Coinbase fighting the regulator in court over alleged securities offences.

“Tuesday night was certainly a big night for crypto and the crypto voter,” Coinbase’s chief legal officer Paul Grewal said in an interview. “We’re going to have the most pro-crypto Congress ever, and Coinbase has played some part in all of that.”

Robinhood, which allows users to buy and sell a number of digital currencies, rose 27 per cent for the week. The online brokerage received a Wells Notice from the SEC in May, a move that often precedes formal charges.

Robinhood’s general manager for its crypto unit stated that the goal at Robinhood is to be able to work within the administration, as explained in the CNBC report further.

“If you think about crypto, it’s a very fast-moving pace. It’s complicated, it was made by engineers, for engineers,” said Johann Kerbrat, the Vice President and General Manager of Robinhood Crypto. “We want to help policymakers to understand it and help them drive the right protections for the customers.”

Market participants and investors will follow these developments carefully as it will help them in taking informed decisions with regard to Bitcoin.

Bitcoin hit a new all-time high near $81,000, with futures premiums surging, signalling strong investor confidence that the cryptocurrency's record rally is set to continue.

Bitcoin hit a new all-time high near $81,000, with futures premiums surging, signalling strong investor confidence that the cryptocurrency's record rally is set to continue. According to a comprehensive report by CNBC, this surge is being fueled by the recent US elections, which saw a wave of pro-crypto candidates secure office. Open interest in bitcoin’s price surpassing $90,000 rose to more than $2.8 billion on the popular Deribit derivatives exchange, one of a few crypto native platforms that offers futures trading. Deribit encompasses most of the offshore options market, the CNBC report explained further. “The options market’s bias is heavily toward continued momentum. Call options trade at a premium to puts, and open interest in out-of-the-money calls has grown,” Vetle Lunde, head of research at K33 Research, told CNBC. A call option gives the buyer the right to buy shares of an underlying asset at a certain price for a specified period. Buying a call option is a bet the asset price will move higher. Buying a put option is a bet the asset price will fall. The CME derivates exchange offers bitcoin futures contracts and is a popular way for institutions in the US to make bets on the future price of bitcoin. Velde told CNBC that on Friday CME premiums for ether and bitcoin averaged 14.5 per cent and 14 per cent, respectively. Ahead of the election, Velde says these premiums sat at 7 per cent, and had spent a majority of the past half year hovering slightly below 10 per cent. “The recent surge is a meaningful deviation higher emphasizing the bullish flows of late,” he added, noting that yields more or less stabilized well into the double digits after the election became clear. “Alongside the growth in leverage, we saw the first meaningful example of growing yields in offshore derivatives, indicative of the move being led by determined risk-takers positioning for further upside,” said Velde. The early innings of bitcoin’s push higher coincided with substantial growth in open interest in perpetual swaps, or contracts that allow buyers to speculate on where they think prices are headed without a set expiration date. However, according to Velde, liquidity in crypto markets on weekends is typically poorer than during weekdays, as neither CME futures nor ETFs are open to trade. Thus, moves tend to overreact and substantially retrace once these markets open again. Donald Trump promised to turn US into the 'crypto capital of the planet' President-elect Donald Trump promised on the campaign trail to turn the United States into the “crypto capital of the planet.” His multiple pledges to the crypto community included launching a national crypto stockpile with the more than $16 billion in bitcoin the US government has amassed through asset seizures, as well as slashing interest rates. The easing of monetary policy typically dovetails with a surge in crypto prices since it makes it cheaper to borrow money. The Federal Reserve, which guides the country’s monetary policy, sets the benchmark rate. It also, by design, operates independently from the White House. On Thursday, the Fed approved its second consecutive interest rate cut. On the back of election results and the Fed’s unanimous vote to again slash the benchmark rate, the crypto market broadly surged into the weekend. Ether eclipsed Bitcoin’s rise, up 30 per cent in the last seven days, and Solana’s market cap topped $100 billion on Sunday. The total market cap of all spot bitcoin ETFs is now above $80 billion, and in the last three trading days alone, the spot funds collectively added $2.3 billion. Within fintech, companies tied to crypto were some of the top performers, after candidates funded by the crypto industry won races up and down the ballot. Coinbase jumped 48 per cent in a week Coinbase shares jumped 48 per cent for the week, their strongest performance since January 2023. Coinbase was one of the top corporate donors in the election cycle, giving more than $75 million to Fairshake and its affiliate PACs, including a fresh pledge of $25 million to support the pro-crypto super PAC in the 2026 midterms. Trump has vowed to oust SEC Chair Gary Gensler, which potentially bodes well for companies like Coinbase fighting the regulator in court over alleged securities offences. “Tuesday night was certainly a big night for crypto and the crypto voter,” Coinbase’s chief legal officer Paul Grewal said in an interview. “We’re going to have the most pro-crypto Congress ever, and Coinbase has played some part in all of that.” Robinhood, which allows users to buy and sell a number of digital currencies, rose 27 per cent for the week. The online brokerage received a Wells Notice from the SEC in May, a move that often precedes formal charges. Robinhood’s general manager for its crypto unit stated that the goal at Robinhood is to be able to work within the administration, as explained in the CNBC report further. “If you think about crypto, it’s a very fast-moving pace. It’s complicated, it was made by engineers, for engineers,” said Johann Kerbrat, the Vice President and General Manager of Robinhood Crypto. “We want to help policymakers to understand it and help them drive the right protections for the customers.” Market participants and investors will follow these developments carefully as it will help them in taking informed decisions with regard to Bitcoin.

Bitcoin hits all-time high, with $2.8 billion riding on it reaching $90,000

'Move to Canada' Google searches have spiked post-US election. Recent reports claim that the US citizens are having plans to relocate themselves to Canada following the victory of Donald Trump in the US Presidential elections.

Americans Planning to Shift to Canada After Trump Wins?

US President-elect Donald Trump announced that his former acting US Immigration and Customs Enforcement director, Tom Homan, will serve as "border czar" in his upcoming administration.&nbsp;

Homan, who has backed Trump's controversial "zero tolerance" policy, will be his administration's border czar during the US President-elect's second term.&nbsp;

"I am pleased to announce that the Former ICE Director, and stalwart on Border Control, Tom Homan, will be joining the Trump Administration, in charge of our Nation's Borders," Trump wrote late Sunday on his Truth Social site.

Trump further said that Homan's responsibilities would include “the Southern Border, the Northern Border, all Maritime, and Aviation Security.”

<a href="https://www.wioneTrump seeks to bypass Senate confirmation process with 'recess appointments'. Here's what it means">Also read:&nbsp;Trump seeks to bypass Senate confirmation process with 'recess appointments'. Here's what it means</a>

He added, "I’ve known Tom for a long time, and there is nobody better at policing and controlling our Borders. Likewise, Tom Homan will be in charge of all Deportation of Illegal Aliens back to their Country of Origin. Congratulations to Tom. I have no doubt he will do a fantastic, and long-awaited, job.”

The term 'border czar' comes after Trump and other Republicans derisively applied that description to US Vice President Kamala Harris during the campaign, alleging that he failed in her efforts to oversee a portfolio addressing the root causes of migration from Central America.&nbsp;

Trump's Day 1 agenda likely includes a focus on cracking down on immigration, and by appointing Homan, he is placing a steady ally who has always shown a will to carry out his orders.&nbsp;

Previously, Homan has promised to "run the biggest deportation force this country has ever seen.”

Watch |&nbsp;Will Trump Be Able To Stop Ukraine-Russia War? | World News | Live-Discussion

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Earlier in October, in an interview with CBS' 60 Minutes, Homan was asked whether there was a way to carry out mass deportations without separating families. To this, he responded, "Of course there is. Families can be deported together."&nbsp;

In another interview on Fox News Channel's "Sunday Morning Futures," Homan said the military wouldn't be rounding up and arresting immigrants in the country illegally and that ICE would move to implement Trump's plans in a "humane manner."

"It's going to be a well-targeted, planned operation conducted by the men of ICE. The men and women of ICE do this daily. They're good at it," he said. "When we go out there, we're going to know who we're looking for. We most likely know where they're going to be, and it's going to be done in a humane manner."

(With inputs from agencies)

US President-elect Donald Trump announced that his former acting US Immigration and Customs Enforcement director, Tom Homan, will serve as "border czar" in his upcoming administration.

US President-elect Donald Trump announced that his former acting US Immigration and Customs Enforcement director, Tom Homan, will serve as "border czar" in his upcoming administration. Homan, who has backed Trump's controversial "zero tolerance" policy, will be his administration's border czar during the US President-elect's second term. "I am pleased to announce that the Former ICE Director, and stalwart on Border Control, Tom Homan, will be joining the Trump Administration, in charge of our Nation's Borders," Trump wrote late Sunday on his Truth Social site. Trump further said that Homan's responsibilities would include “the Southern Border, the Northern Border, all Maritime, and Aviation Security.” Also read: Trump seeks to bypass Senate confirmation process with 'recess appointments'. Here's what it means He added, "I’ve known Tom for a long time, and there is nobody better at policing and controlling our Borders. Likewise, Tom Homan will be in charge of all Deportation of Illegal Aliens back to their Country of Origin. Congratulations to Tom. I have no doubt he will do a fantastic, and long-awaited, job.” The term 'border czar' comes after Trump and other Republicans derisively applied that description to US Vice President Kamala Harris during the campaign, alleging that he failed in her efforts to oversee a portfolio addressing the root causes of migration from Central America. Trump's Day 1 agenda likely includes a focus on cracking down on immigration, and by appointing Homan, he is placing a steady ally who has always shown a will to carry out his orders. Previously, Homan has promised to "run the biggest deportation force this country has ever seen.” Watch | Will Trump Be Able To Stop Ukraine-Russia War? | World News | Live-Discussion × Earlier in October, in an interview with CBS' 60 Minutes, Homan was asked whether there was a way to carry out mass deportations without separating families. To this, he responded, "Of course there is. Families can be deported together." In another interview on Fox News Channel's "Sunday Morning Futures," Homan said the military wouldn't be rounding up and arresting immigrants in the country illegally and that ICE would move to implement Trump's plans in a "humane manner." "It's going to be a well-targeted, planned operation conducted by the men of ICE. The men and women of ICE do this daily. They're good at it," he said. "When we go out there, we're going to know who we're looking for. We most likely know where they're going to be, and it's going to be done in a humane manner." (With inputs from agencies)

Donald Trump announces Tom Homan as 'border czar' to handle 'deportation of illegal aliens'

Indian American Democratic Party fundraiser and supporter of the United States Vice President Kamala Harris, Ajay Bhutoria, has been receiving racist and threatening messages, asking him to leave the US and return to India.&nbsp;

Bhutoria received a text message on Sunday (Nov 10) from an unidentified number, saying, "You claim that you are doing what's best for Americans, but you aren't doing anything for Americans and you don't care about America. You are Indian. You only care about Indians. You do what's best for India. Why are you here? Stop being a beggar in America and become a leader in India."

Bhutoria is also currently serving as the deputy national finance chair at the Democratic National Committee (DNC) and national finance committee member for the Harris-Walz campaign.

<a href="https://www.wionews.com/india-news/we-are-not-one-of-them-eam-jaishankar-says-india-not-nervous-about-us-unlike-other-nations-775022">Also read:&nbsp;‘We are not one of them’: EAM Jaishankar says India not ‘nervous’ about Trump’s win, unlike other nations</a>

He is also the commissioner of the US President Joe Biden's&nbsp;advisory commission on Asian Americans, Native Hawaiians, and Pacific Islanders.&nbsp;

The Indian American Democratic Party fundraiser has also worked significantly in addressing concerns of various legal immigrant communities.&nbsp;

Bhutoria told Indian news agency PTI, "Trump supporters asking me to go back to India to fight for green card backlog."

Watch |&nbsp;Black Americans Targeted In US With Hateful Messages

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He also shared some of the messages on social media platforms, which included statements like, "Stop being a beggar in America and to be a leader in India."

Republican candidate Donald Trump clinched victory in the US Presidential elections after securing over 270 electoral votes needed.&nbsp;

Trump, on Thursday, bagged 72,448,303 votes, making him the first republican to have won US elections on popular vote.&nbsp;

(With inputs from agencies)

Indian American Democratic Party fundraiser and supporter of the United States Vice President Kamala Harris, Ajay Bhutoria, has been receiving racist and threatening messages, asking him to leave the US and return to India.

Indian American Democratic Party fundraiser and supporter of the United States Vice President Kamala Harris, Ajay Bhutoria, has been receiving racist and threatening messages, asking him to leave the US and return to India. Bhutoria received a text message on Sunday (Nov 10) from an unidentified number, saying, "You claim that you are doing what's best for Americans, but you aren't doing anything for Americans and you don't care about America. You are Indian. You only care about Indians. You do what's best for India. Why are you here? Stop being a beggar in America and become a leader in India." Bhutoria is also currently serving as the deputy national finance chair at the Democratic National Committee (DNC) and national finance committee member for the Harris-Walz campaign. Also read: ‘We are not one of them’: EAM Jaishankar says India not ‘nervous’ about Trump’s win, unlike other nations He is also the commissioner of the US President Joe Biden's advisory commission on Asian Americans, Native Hawaiians, and Pacific Islanders. The Indian American Democratic Party fundraiser has also worked significantly in addressing concerns of various legal immigrant communities. Bhutoria told Indian news agency PTI, "Trump supporters asking me to go back to India to fight for green card backlog." Watch | Black Americans Targeted In US With Hateful Messages × He also shared some of the messages on social media platforms, which included statements like, "Stop being a beggar in America and to be a leader in India." Republican candidate Donald Trump clinched victory in the US Presidential elections after securing over 270 electoral votes needed. Trump, on Thursday, bagged 72,448,303 votes, making him the first republican to have won US elections on popular vote. (With inputs from agencies)

Indian-American Democratic fundraiser receives racist messages, asking him to 'go back to India'

Tesla Inc. achieved a significant milestone on Friday as its market capitalisation surged past the USD 1 trillion mark, driven by investor optimism that CEO Elon Musk's strong support for President-elect Donald Trump during the campaign will translate into favourable policies for the electric vehicle manufacturer.

The company's shares experienced a remarkable 8.2% surge, closing at USD 321.22, marking the first time Tesla's valuation has exceeded the trillion-dollar threshold since early 2022. This week's extraordinary rally, which added more than USD 230 billion to Tesla's market value, represents the company's strongest performance since January 2023, with shares climbing an impressive 29%.

Garrett Nelson, senior equity analyst at CFRA Research, highlighted the potential benefits for Tesla under the new administration: "Tesla and CEO Elon Musk are perhaps the biggest winners from the election result, and we believe Trump's victory will help expedite regulatory approval of the company's autonomous driving technology."

Industry sources suggest that Musk's influence could lead to more favourable regulation of autonomous vehicles, a crucial development for Tesla's future growth. Additionally, the company might benefit from a potentially more lenient approach from the U.S. National Highway Traffic Safety Administration regarding the safety oversight of Tesla's current driver-assistance systems.

The surge in Tesla's stock price has had a direct impact on Musk's personal wealth, which has now exceeded USD 300 billion according to Forbes' real-time billionaires list. This wealth accumulation comes as Musk has strategically shifted Tesla's focus toward self-driving vehicle technology, moving away from earlier plans to develop a more affordable vehicle priced under USD 30,000.

David Whiston, equity strategist at Morningstar, emphasised the potential industry-wide benefits of federal standardisation: "If Musk can convince Trump to establish federal autonomous vehicle rules, we think that's a good thing for the auto industry because we think firms want one set of rules rather than each state making their own."

The market enthusiasm also follows Tesla's recent quarterly earnings report, where the company revealed improved profit margins and projected delivery growth of 20% to 30% for the coming year. This positive outlook has helped maintain Tesla's position as the world's most valuable automaker, significantly outpacing traditional competitors like Toyota Motor, as well as emerging electric vehicle manufacturers such as China's BYD.

Tesla's current market valuation reflects extraordinary investor confidence, with the company trading at 93.47 times its 12-month forward earnings estimates. This premium valuation substantially exceeds that of other major technology and automotive companies, including Nvidia (38.57), Microsoft (30.77), and Ford (6.29).

However, industry analysts note that while Tesla's autonomous driving ambitions show promise, the company continues to face both technical and regulatory challenges in bringing fully self-driving vehicles to market. The success of these initiatives will largely depend on the new administration's approach to autonomous vehicle regulation and safety standards. 
&nbsp;

Tesla Inc. achieved a significant milestone on Friday as its market capitalisation surged past the USD 1 trillion mark, driven by investor optimism that CEO Elon Musk's strong support for President-elect Donald Trump during the campaign will translate into favourable policies for the electric vehicle manufacturer.

Tesla Inc. achieved a significant milestone on Friday as its market capitalisation surged past the USD 1 trillion mark, driven by investor optimism that CEO Elon Musk's strong support for President-elect Donald Trump during the campaign will translate into favourable policies for the electric vehicle manufacturer. The company's shares experienced a remarkable 8.2% surge, closing at USD 321.22, marking the first time Tesla's valuation has exceeded the trillion-dollar threshold since early 2022. This week's extraordinary rally, which added more than USD 230 billion to Tesla's market value, represents the company's strongest performance since January 2023, with shares climbing an impressive 29%. Garrett Nelson, senior equity analyst at CFRA Research, highlighted the potential benefits for Tesla under the new administration: "Tesla and CEO Elon Musk are perhaps the biggest winners from the election result, and we believe Trump's victory will help expedite regulatory approval of the company's autonomous driving technology." Industry sources suggest that Musk's influence could lead to more favourable regulation of autonomous vehicles, a crucial development for Tesla's future growth. Additionally, the company might benefit from a potentially more lenient approach from the U.S. National Highway Traffic Safety Administration regarding the safety oversight of Tesla's current driver-assistance systems. The surge in Tesla's stock price has had a direct impact on Musk's personal wealth, which has now exceeded USD 300 billion according to Forbes' real-time billionaires list. This wealth accumulation comes as Musk has strategically shifted Tesla's focus toward self-driving vehicle technology, moving away from earlier plans to develop a more affordable vehicle priced under USD 30,000. David Whiston, equity strategist at Morningstar, emphasised the potential industry-wide benefits of federal standardisation: "If Musk can convince Trump to establish federal autonomous vehicle rules, we think that's a good thing for the auto industry because we think firms want one set of rules rather than each state making their own." The market enthusiasm also follows Tesla's recent quarterly earnings report, where the company revealed improved profit margins and projected delivery growth of 20% to 30% for the coming year. This positive outlook has helped maintain Tesla's position as the world's most valuable automaker, significantly outpacing traditional competitors like Toyota Motor, as well as emerging electric vehicle manufacturers such as China's BYD. Tesla's current market valuation reflects extraordinary investor confidence, with the company trading at 93.47 times its 12-month forward earnings estimates. This premium valuation substantially exceeds that of other major technology and automotive companies, including Nvidia (38.57), Microsoft (30.77), and Ford (6.29). However, industry analysts note that while Tesla's autonomous driving ambitions show promise, the company continues to face both technical and regulatory challenges in bringing fully self-driving vehicles to market. The success of these initiatives will largely depend on the new administration's approach to autonomous vehicle regulation and safety standards.

Tesla surges past USD 1 trillion valuation

Republican Donald Trump is getting brutal in roasting post his&nbsp;victory in the US presidential election. After taking several digs at Vice President and Democrat Kamala Harris, the president-elect has now taken shots at Liz Cheney, who represents&nbsp;Wyoming&nbsp;in&nbsp;the US House of Representatives.

Trump said Democrats made a mistake by involving two losers in their campaign-Cheney and her father Dick Cheney.

In a post on Truth Social, Trump’s very own social media platform, he said bringing “losers” into a political campaign is not a good idea.

Also Read |&nbsp;<a href="https://www.wionews.com/world/indian-american-vivek-ramaswamy-supports-trumps-mass-deportation-plan-says-immigration-system-broken-775205">Indian-American Vivek Ramaswamy supports Trump's mass deportation plan, says immigration system 'broken'</a>

"The Democrats made a BIG mistake in getting Crazy Liz Chaney, and her father, Dick, involved in their campaign for President. It made the Republicans angry, and the Democrats just plain scratching their heads in amazement. It is always a bad idea to bring “losers” into a political campaign!" Trump wrote.

<h2>Liz Cheney should have 'nine barrels shooting at her,' Trump once said</h2>

Trump’s hostility towards Liz Cheney is not new. Before his electoral victory, Trump criticised her&nbsp;as a “radical war hawk” who should have “nine barrels shooting at her.” This led to quite an outrage.&nbsp;

At a campaign event with Tucker Carlson in Arizona earlier in November, Trump said, “She’s a radical war hawk. Let’s put her with a rifle standing there with nine barrels shooting at her, OK?”&nbsp;

“Let’s see how she feels about it, you know when the guns are trained on her face.”

Watch |&nbsp;'Trump Heights' Residents Hopeful After Donald Trump's Win In Polls

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The Harris campaign blasted Trump for his “violent rhetoric,” claiming he was “talking about sending a prominent Republican to the firing squad.”&nbsp;

Kamala Harris later even raised the issue before reporters in Nevada, saying, “Anyone who wants to be president of the United States, who uses that kind of violent rhetoric, is clearly disqualified and unqualified to be president.”

Also Read |&nbsp;<a href="https://www.wionews.com/business-economy/trump-tariffs-could-spark-inflation-if-global-trade-responds-says-kashkari-775189">Trump tariffs could spark inflation if global trade responds, says Kashkari</a>

To diffuse the situation, later Trump covered up by saying, “All I’m saying about Liz Cheney is that she is a War Hawk, and a dumb one at that, but she wouldn’t have ‘the guts’ to fight herself. Her father decimated the Middle East, and other places, and got rich by doing so. He’s caused plenty of DEATH, and probably never even gave it a thought. That’s not what we want running our Country!”

Cheney is the daughter of former Republican vice-president Dick Cheney. She and her father had endorsed and campaigned for Harris.&nbsp;

(With inputs from agencies)

Republican Donald Trump is getting brutal in roasting post his victory in the US presidential election. After taking several digs at Vice President and Democrat Kamala Harris, the president-elect has now taken shots at Liz Cheney, who represents Wyoming in the US House of Representatives.

Republican Donald Trump is getting brutal in roasting post his victory in the US presidential election. After taking several digs at Vice President and Democrat Kamala Harris, the president-elect has now taken shots at Liz Cheney, who represents Wyoming in the US House of Representatives. Trump said Democrats made a mistake by involving two losers in their campaign-Cheney and her father Dick Cheney. In a post on Truth Social, Trump’s very own social media platform, he said bringing “losers” into a political campaign is not a good idea. Also Read | Indian-American Vivek Ramaswamy supports Trump's mass deportation plan, says immigration system 'broken' "The Democrats made a BIG mistake in getting Crazy Liz Chaney, and her father, Dick, involved in their campaign for President. It made the Republicans angry, and the Democrats just plain scratching their heads in amazement. It is always a bad idea to bring “losers” into a political campaign!" Trump wrote. Liz Cheney should have 'nine barrels shooting at her,' Trump once said Trump’s hostility towards Liz Cheney is not new. Before his electoral victory, Trump criticised her as a “radical war hawk” who should have “nine barrels shooting at her.” This led to quite an outrage. At a campaign event with Tucker Carlson in Arizona earlier in November, Trump said, “She’s a radical war hawk. Let’s put her with a rifle standing there with nine barrels shooting at her, OK?” “Let’s see how she feels about it, you know when the guns are trained on her face.” Watch | 'Trump Heights' Residents Hopeful After Donald Trump's Win In Polls × The Harris campaign blasted Trump for his “violent rhetoric,” claiming he was “talking about sending a prominent Republican to the firing squad.” Kamala Harris later even raised the issue before reporters in Nevada, saying, “Anyone who wants to be president of the United States, who uses that kind of violent rhetoric, is clearly disqualified and unqualified to be president.” Also Read | Trump tariffs could spark inflation if global trade responds, says Kashkari To diffuse the situation, later Trump covered up by saying, “All I’m saying about Liz Cheney is that she is a War Hawk, and a dumb one at that, but she wouldn’t have ‘the guts’ to fight herself. Her father decimated the Middle East, and other places, and got rich by doing so. He’s caused plenty of DEATH, and probably never even gave it a thought. That’s not what we want running our Country!” Cheney is the daughter of former Republican vice-president Dick Cheney. She and her father had endorsed and campaigned for Harris. (With inputs from agencies)

Trump says Dems made a 'big mistake' by involving two 'losers' in their campaign

Donald Trump 2.0: A Look At His Life, Kamala Harris and Other US Leaders

Minneapolis Federal Reserve President Neel Kashkari on November 10 stated that President-elect Donald Trump’s tariff proposals could worsen long-term inflation if global trading partners were to strike back, according to a report by CNBC. One-time tariffs, Kashkari said on CBS’ “Face the Nation,” “shouldn’t have an effect long run on inflation.”

Tit-for-tat tariffs can propel inflation<o:p></o:p>

“The challenge becomes if there’s a tit-for-tat and its one country imposing tariffs and then responses and it’s escalating. That’s where it becomes more concerning, and, frankly, a lot more uncertain,” Kashkari said, the CNBC report explained further.

During his first term, Trump essentially sparked a trade war with China when he imposed a series of import taxes on Chinese goods, which triggered the country to retaliate with its own set of tariffs on the US.

Trump has proposed 60 per cent tariffs on China<o:p></o:p>

One of Trump’s primary economic proposals for his second term is to impose universal tariffs on all imports from all countries, with a specifically targeted 60 per cent rate on China.

Economists, Wall Street analysts and industry leaders have repeatedly expressed concerns over the inflationary impact of that hardline trade approach, especially since inflation has just begun to cool from its pandemic-era peaks.

“We’ve made a lot of progress in bringing inflation down,” Kashkari said. “I mean, I don’t want to declare victory yet. We need to finish the job, but we’re on a good path right now.”

The Fed on Thursday passed its second consecutive interest rate cut, continuing its effort to loosen monetary policy as inflation approaches the central bank’s 2% target. Kashkari said he expects another cut to come in December, but that will depend on “what the data looks like” at that time.

As for Trump’s other major policy proposals like a sweeping immigrant deportation plan, Kashkari noted that the inflation threat is still unclear and so the Fed is still taking a “wait and see” approach before adjusting its policy.

Trump and his backers like billionaire Tesla CEO Elon Musk have also been outspoken about their desire to give the president input on Fed policy decisions. The central bank views its political independence as a core feature that allows it to shape monetary policy exclusively based on the health of the U.S. economy, not election incentives. But Kashkari said he is not concerned about politics permeating Fed decisions.

“I’m confident that we will continue to focus on our economic jobs,” he said. “That’s what should be dictating what we’re doing and that is what’s dictating what we’re doing.”

Market participants and global investors will carefully see follow these developments and the next steps of the Trump administration for taking informed investment decisions.

Minneapolis Federal Reserve President Neel Kashkari on November 10 stated that President-elect Donald Trump’s tariff proposals could worsen long-term inflation if global trading partners were to strike back, according to a report by CNBC.

Minneapolis Federal Reserve President Neel Kashkari on November 10 stated that President-elect Donald Trump’s tariff proposals could worsen long-term inflation if global trading partners were to strike back, according to a report by CNBC. One-time tariffs, Kashkari said on CBS’ “Face the Nation,” “shouldn’t have an effect long run on inflation.” Tit-for-tat tariffs can propel inflation “The challenge becomes if there’s a tit-for-tat and its one country imposing tariffs and then responses and it’s escalating. That’s where it becomes more concerning, and, frankly, a lot more uncertain,” Kashkari said, the CNBC report explained further. During his first term, Trump essentially sparked a trade war with China when he imposed a series of import taxes on Chinese goods, which triggered the country to retaliate with its own set of tariffs on the US. Trump has proposed 60 per cent tariffs on China One of Trump’s primary economic proposals for his second term is to impose universal tariffs on all imports from all countries, with a specifically targeted 60 per cent rate on China. Economists, Wall Street analysts and industry leaders have repeatedly expressed concerns over the inflationary impact of that hardline trade approach, especially since inflation has just begun to cool from its pandemic-era peaks. “We’ve made a lot of progress in bringing inflation down,” Kashkari said. “I mean, I don’t want to declare victory yet. We need to finish the job, but we’re on a good path right now.” The Fed on Thursday passed its second consecutive interest rate cut, continuing its effort to loosen monetary policy as inflation approaches the central bank’s 2% target. Kashkari said he expects another cut to come in December, but that will depend on “what the data looks like” at that time. As for Trump’s other major policy proposals like a sweeping immigrant deportation plan, Kashkari noted that the inflation threat is still unclear and so the Fed is still taking a “wait and see” approach before adjusting its policy. Trump and his backers like billionaire Tesla CEO Elon Musk have also been outspoken about their desire to give the president input on Fed policy decisions. The central bank views its political independence as a core feature that allows it to shape monetary policy exclusively based on the health of the U.S. economy, not election incentives. But Kashkari said he is not concerned about politics permeating Fed decisions. “I’m confident that we will continue to focus on our economic jobs,” he said. “That’s what should be dictating what we’re doing and that is what’s dictating what we’re doing.” Market participants and global investors will carefully see follow these developments and the next steps of the Trump administration for taking informed investment decisions.

Trump tariffs could spark inflation if global trade responds, says Kashkari

US President-elect Donald Trump has warned Russian President Vladimir Putin against escalating the Ukraine war, emphasising "Washington's sizeable military presence in Europe." However, despite the call that happened on Thursday, both Russia and Ukraine launched record numbers of drone strikes on Sunday (Nov 10).

Trump also spoke with German Chancellor Olaf Scholz, agreeing to work towards peace in Europe amid rising tensions.

Meanwhile, Pakistan has suspended all train operations to and from Quetta railway station after a deadly terrorist attack claimed 26 lives and injured 62.

Click on the headlines for more 

<a href="https://www.wionews.com/world/sizeable-military-presence-in-europe-trump-warns-putin-against-escalating-ukraine-war-775063">'Sizeable military presence in Europe': Trump warns Putin against escalating Ukraine war</a>

<img alt="main img" data-nimg="intrinsic" decoding="async" pinger-seen="true" src="https://cdn.wionews.com/sites/default/files/styles/story_page/public/2024/11/11/465295-new-wion52.jpg?imwidth=400" srcset="https://cdn.wionews.com/sites/default/files/styles/story_page/public/2024/11/11/465295-new-wion52.jpg?imwidth=400 1x, https://cdn.wionews.com/sites/default/files/styles/story_page/public/2024/11/11/465295-new-wion52.jpg?imwidth=400 2x" />

US President-elect Donald Trump and Russian President Vladimir Putin recently engaged in their first post-election call, according to reports. According to a Washington Post report citing sources familiar with the conversation, on Thursday (Nov 7), the two leaders discussed the war in Ukraine and also touched on the goal of achieving peace in Europe.

<a href="https://www.wionews.com/world/russia-and-ukraine-exchange-record-drone-strikes-despite-trump-putin-call-on-de-escalation-775069">Russia and Ukraine exchange record drone strikes despite Trump-Putin call on de-escalation</a>

<img alt="main img" data-nimg="intrinsic" decoding="async" pinger-seen="true" src="https://cdn.wionews.com/sites/default/files/styles/story_page/public/2024/11/11/465297-new-wion53.jpg?imwidth=400" srcset="https://cdn.wionews.com/sites/default/files/styles/story_page/public/2024/11/11/465297-new-wion53.jpg?imwidth=400 1x, https://cdn.wionews.com/sites/default/files/styles/story_page/public/2024/11/11/465297-new-wion53.jpg?imwidth=400 2x" />

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Russia and Ukraine both launched an unprecedented exchange of drone attacks overnight — despite a recent call between US president-elect Donald Trump and Russian President Vladimir Putin over de-escalation.
</div>

<a href="https://www.wionews.com/world/trump-scholz-discusses-return-of-peace-in-europe-amid-scholzs-call-for-earlier-german-confidence-vote-775072">Trump, Scholz discusses 'return of peace in Europe' amid Scholz's call for earlier German confidence vote</a>

<img alt="main img" data-nimg="intrinsic" decoding="async" pinger-seen="true" src="https://cdn.wionews.com/sites/default/files/styles/story_page/public/2024/11/11/465300-untitled-design-2024-11-11t085219824.png?imwidth=400" srcset="https://cdn.wionews.com/sites/default/files/styles/story_page/public/2024/11/11/465300-untitled-design-2024-11-11t085219824.png?imwidth=400 1x, https://cdn.wionews.com/sites/default/files/styles/story_page/public/2024/11/11/465300-untitled-design-2024-11-11t085219824.png?imwidth=400 2x" />

<div>
Germany Chancellor Olaf Scholz spoke to the US President-elect on Sunday by phone and “agreed to work towards a return to peace in Europe,” chancellor’s spokesperson Steffen Hebestreit said in a brief statement.
</div>

<a href="https://www.wionews.com/south-asia/pakistan-suspends-all-train-operations-to-and-from-quetta-railway-station-after-terrorist-attack-775084" hreflang="en">Pakistan suspends all train operations to and from Quetta railway station after terrorist attack</a> 

<img alt="main img" data-nimg="intrinsic" decoding="async" pinger-seen="true" src="https://cdn.wionews.com/sites/default/files/styles/story_page/public/2024/11/11/465306-new-wion54.jpg?imwidth=400" srcset="https://cdn.wionews.com/sites/default/files/styles/story_page/public/2024/11/11/465306-new-wion54.jpg?imwidth=400 1x, https://cdn.wionews.com/sites/default/files/styles/story_page/public/2024/11/11/465306-new-wion54.jpg?imwidth=400 2x" />

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Pakistan Railways have temporarily suspended all train operations to and from the Quetta station in the aftermath of the deadly blast at Quetta station that claimed 26 lives and injured 62 on Saturday (Nov 9). The suspension will be in effect for five days and aims to ensure passenger safety amid heightened concerns.
</div>

Watch | China-Philippines Tussle Over Island, China Rejects New Philippines Maritime Claims

<iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/china-philippines-tussle-over-island-china-rejects-new-philippines-maritime-claims-775078/embed" style="width:100%;max-width:560px;" width="560"></iframe>

US President-elect Donald Trump has warned Russian President Vladimir Putin against escalating the Ukraine war, emphasising "Washington's sizeable military presence in Europe.

US President-elect Donald Trump has warned Russian President Vladimir Putin against escalating the Ukraine war, emphasising "Washington's sizeable military presence in Europe." However, despite the call that happened on Thursday, both Russia and Ukraine launched record numbers of drone strikes on Sunday (Nov 10). Trump also spoke with German Chancellor Olaf Scholz, agreeing to work towards peace in Europe amid rising tensions. Meanwhile, Pakistan has suspended all train operations to and from Quetta railway station after a deadly terrorist attack claimed 26 lives and injured 62. Click on the headlines for more 'Sizeable military presence in Europe': Trump warns Putin against escalating Ukraine war US President-elect Donald Trump and Russian President Vladimir Putin recently engaged in their first post-election call, according to reports. According to a Washington Post report citing sources familiar with the conversation, on Thursday (Nov 7), the two leaders discussed the war in Ukraine and also touched on the goal of achieving peace in Europe. Russia and Ukraine exchange record drone strikes despite Trump-Putin call on de-escalation Russia and Ukraine both launched an unprecedented exchange of drone attacks overnight — despite a recent call between US president-elect Donald Trump and Russian President Vladimir Putin over de-escalation. Trump, Scholz discusses 'return of peace in Europe' amid Scholz's call for earlier German confidence vote Germany Chancellor Olaf Scholz spoke to the US President-elect on Sunday by phone and “agreed to work towards a return to peace in Europe,” chancellor’s spokesperson Steffen Hebestreit said in a brief statement. Pakistan suspends all train operations to and from Quetta railway station after terrorist attack Pakistan Railways have temporarily suspended all train operations to and from the Quetta station in the aftermath of the deadly blast at Quetta station that claimed 26 lives and injured 62 on Saturday (Nov 9). The suspension will be in effect for five days and aims to ensure passenger safety amid heightened concerns. Watch | China-Philippines Tussle Over Island, China Rejects New Philippines Maritime Claims

Morning news brief: Trump warns Putin; Russia-Ukraine war updates, and more

After Donald Trump's win in the 2024 United States presidential election, there has been a significant spike in Google searches by people interested in leaving the country and moving to Canada.

After Donald Trump's win in the 2024 United States presidential election, there has been a significant spike in Google searches by people interested in leaving the country and moving to Canada. Why are Americans searching for "How to move to Canada"? The search term "How to move to Canada" has notably increased following Trump’s election, due to concerns among some Americans about potential changes in immigration policy. With Trump set to become the next US president, he has made promises about large-scale deportations. This has put Canada on “high alert” as officials anticipate a possible rise in unauthorised border crossings from the US. Trump's deportation stance is reminiscent of his first term following his win in the 2016 presidential election, during which thousands of people, including Haitians, crossed into Canada after losing certain protections in the US. Which US states show the highest interest in moving to Canada? Google Trends data reveals that searches for “How to move to Canada” jumped by 400 per cent on election night (Nov 5), with the highest search interest coming from blue states (whose voters vote predominantly for the Democratic party) such as Vermont, Oregon, and Washington. Other related searches, including “moving to Canada requirements” and “moving to Canada from US,” also spiked. Some searches saw an increase of over 5,000 per cent on the day that Trump's victory was confirmed, according to Google Trends. How is Canada’s border security responding to potential migration changes? Royal Canadian Mounted Police (RCMP) Sergeant Charles Poirier confirmed that Canadian border security is on high alert. “All of our eyes are looking at the border to see what’s going to happen,” he said, adding that Trump’s immigration policies could lead to more “illegal and irregular migration” toward Canada. This comes just days after Canadian Prime Minister Justin Trudeau announced plans to reduce the number of permanent immigrants in 2025. According to reports, Trudeau mentioned Canada would cut its permanent immigration target by 21 per cent, from 500,000 to 395,000. “We are acting today because of the tumultuous times as we emerged from the pandemic, between addressing labour needs and maintaining population growth, we didn't get the balance quite right,” Trudeau said. (With inputs from agencies)

‘How to move to Canada’: After Trump’s election win, Americans flood Google with questions about relocating

After Donald Trump's landslide win, Global central bankers are preparing for their worst fears to materialise. Trump's campaign promises suggest inflationary risks will rise. The rising cost of living is what major central banks have been fighting since the pandemic-led surge in inflation.

Will global inflation surge its ugly head again? That is the question on major central banks' minds. The reason is Trump's policy pledges during the run-up to the presidential race. Tax cuts would further strain the US&nbsp;&nbsp;budget, tariffs on US imports would disrupt global trade, and deportations might reduce the availability of cheap labour.

The Federal Reserve may be less reluctant to cut interest rates in response to rising inflation. That is the most significant concern posed by Trump's policies. As a result, the Dollar is likely to strengthen and weigh on developing countries.

South Korea's finance minister, Choi Sang-Mok, said, "If the policy stance that's been stressed by president-elect Trump becomes realised, the impact on our economy is expected to be significant."

With the wars in West Asia and Europe already hurting disrupted supply chains, Trump's global tariffs come as a fresh threat. The risks are acute because inflation is already proving a challenge for many countries —even before any potential tariffs.

Over a third of major central banks are yet to bring inflation down to their targets. And just when everyone thought inflation risks were in the side-view mirror, Trump poses a new risk.

Alicia Garcia-Herrero, Chief Asia Pacific Economist at Natixis, said, “US markets may be cheering, but economies across Asia could be big losers.” She added, "Trump's policies would mean less room to cut just as central banks need it the most."

In response to the tariff threat, China's central bank fixed the Yuan at its lowest level since 2023 on Thursday. Even the FED is unclear about the economic impact. The risk now is that the shadow of tariffs complicates the central bank's efforts to tame inflation without hurting economic growth.

Separately, US labour costs surged more than expected in the September quarter. Those costs were also marked up for recent quarters, which risks fanning inflationary pressures. For now, bets on the lock-step global easing over the coming year are soon fading.

After Donald Trump's landslide win, Global central bankers are preparing for their worst fears to materialise. Trump's campaign promises suggest inflationary risks will rise.

After Donald Trump's landslide win, Global central bankers are preparing for their worst fears to materialise. Trump's campaign promises suggest inflationary risks will rise. The rising cost of living is what major central banks have been fighting since the pandemic-led surge in inflation. Will global inflation surge its ugly head again? That is the question on major central banks' minds. The reason is Trump's policy pledges during the run-up to the presidential race. Tax cuts would further strain the US budget, tariffs on US imports would disrupt global trade, and deportations might reduce the availability of cheap labour. The Federal Reserve may be less reluctant to cut interest rates in response to rising inflation. That is the most significant concern posed by Trump's policies. As a result, the Dollar is likely to strengthen and weigh on developing countries. South Korea's finance minister, Choi Sang-Mok, said, "If the policy stance that's been stressed by president-elect Trump becomes realised, the impact on our economy is expected to be significant." With the wars in West Asia and Europe already hurting disrupted supply chains, Trump's global tariffs come as a fresh threat. The risks are acute because inflation is already proving a challenge for many countries —even before any potential tariffs. Over a third of major central banks are yet to bring inflation down to their targets. And just when everyone thought inflation risks were in the side-view mirror, Trump poses a new risk. Alicia Garcia-Herrero, Chief Asia Pacific Economist at Natixis, said, “US markets may be cheering, but economies across Asia could be big losers.” She added, "Trump's policies would mean less room to cut just as central banks need it the most." In response to the tariff threat, China's central bank fixed the Yuan at its lowest level since 2023 on Thursday. Even the FED is unclear about the economic impact. The risk now is that the shadow of tariffs complicates the central bank's efforts to tame inflation without hurting economic growth. Separately, US labour costs surged more than expected in the September quarter. Those costs were also marked up for recent quarters, which risks fanning inflationary pressures. For now, bets on the lock-step global easing over the coming year are soon fading.

Central bankers worry about the inflation impact of Trump's policies

Donald Trump won the state of Arizona in this week's US presidential election, US TV networks projected on Saturday, completing the Republican's sweep of all seven swing states.

After four days of counting in the southwest state with a large Hispanic population, CNN and NBC projected Trump had obtained its 11 electoral votes as he defeated Vice President Kamala Harris.

Outgoing President Joe Biden scored a narrow but crucial victory in Arizona in 2020 that condemned Trump to defeat after his first term in office.

Also read |&nbsp;<a href="https://www.wionews.com/world/donald-trump-secures-win-in-arizona-alaska-republican-locks-312-electoral-votes-774225">Donald Trump secures win in Arizona, Alaska; Republican locks 312+ electoral votes</a>

The scale and strength of Trump's comeback, which also saw the real estate tycoon win the popular vote by a margin of around four million votes, has sent shockwaves through the defeated Democratic Party.

The Republicans have already regained control of the Senate and look well set to retain a majority in the House of Representatives thanks to support from white working class voters and a large share of Hispanics.

CNN has called Republican victories for 213 seats in the House, with 218 needed for a majority in the lower chamber.

The networks' figures show Democrats on 205 seats, although senior party figures are still hoping they can pull off a slim victory that would significantly curtail Trump's powers. &nbsp;

NBC sees the Republicans with 212 seats so far, and 204 for the Democrats.

The other six swing states won by Trump in the presidential race are Pennsylvania, Wisconsin, Michigan, North Carolina, Nevada and Georgia.&nbsp;

The latest good news for Trump came as the White House said Biden would meet with the president-elect at the White House on Wednesday.

Trump -- who never conceded his 2020 loss -- sealed a remarkable comeback to the presidency in the November 5 vote, cementing what is set to be more than a decade of US politics dominated by his hardline right-wing stance.

This type of meeting between the outgoing and incoming presidents was considered customary, but Trump did not invite Biden for one after making unsubstantiated election fraud claims that culminated in the January 6, 2021 Capitol riot.

Trump also broke with precedent by skipping Biden's inauguration, but the White House has said the Democratic president will attend the upcoming ceremony.

Biden's meeting with Trump will take place in the Oval Office, the White House said Saturday, with the clock ticking down to the ex-president's return to power.

Trump, the 78-year-old ex-reality TV star, won wider margins than before, despite a criminal conviction, two impeachments while in office and warnings from his former chief of staff that he is a fascist.

Exit polls showed that voters' top concerns remained the economy and inflation that spiked under Biden in the wake of the Covid pandemic.

The 81-year-old president, who dropped out of the White House race in July over concerns about his age, health and mental acuity, called Trump on Wednesday to congratulate him on the election win.

<h2>Trump 2.0</h2>

Democrats have been pointing fingers over who is to blame for Harris' decisive loss after she replaced Biden at the top of the ticket roughly 100 days before the election.

Former House Speaker Nancy Pelosi took aim at Biden, telling The New York Times that "had the president gotten out sooner, there may have been other candidates in the race."

As the Democrats weigh what went wrong, Trump has begun to assemble his second administration by naming campaign manager Susie Wiles to serve as his White House chief of staff.

She is the first woman to be named to the high-profile role and the Republican's first appointment to his incoming administration.

<h2>Jockeying for jobs</h2>

Trump on Saturday ruled out re-appointing two senior figures from his first administration, secretary of state Mike Pompeo and UN ambassador Nikki Haley.

Abrasive former ambassador to Germany Ric Grenell is seen as a frontrunner for the secretary of state position, as is Florida Senator Marco Rubio who called Trump a "con artist" and the "most vulgar person to ever aspire to the presidency" in 2016.

The other frontrunners for a place in the Trump 2.0 administration reflect the significant changes it is likely to implement.

Robert F. Kennedy Jr., a leading figure in the anti-vaccine movement for whom Trump has pledged a "big role" in health care, told NBC News on Wednesday that "I'm not going to take away anybody's vaccines."

The world's richest man, Elon Musk, could also be in line for a job auditing government waste after the right-wing SpaceX, Tesla and X boss enthusiastically backed Trump.

Disclaimer: This story has been published from a news agency feed with minimal edits to adhere to WION's style guide. The headline may have been changed to better reflect the content of the story or to make it more suitable for WION&nbsp;audience. 
&nbsp;

Donald Trump won the state of Arizona in this week's US presidential election, US TV networks projected on Saturday, completing the Republican's sweep of all seven swing states.

Donald Trump won the state of Arizona in this week's US presidential election, US TV networks projected on Saturday, completing the Republican's sweep of all seven swing states. After four days of counting in the southwest state with a large Hispanic population, CNN and NBC projected Trump had obtained its 11 electoral votes as he defeated Vice President Kamala Harris. Outgoing President Joe Biden scored a narrow but crucial victory in Arizona in 2020 that condemned Trump to defeat after his first term in office. Also read | Donald Trump secures win in Arizona, Alaska; Republican locks 312+ electoral votes The scale and strength of Trump's comeback, which also saw the real estate tycoon win the popular vote by a margin of around four million votes, has sent shockwaves through the defeated Democratic Party. The Republicans have already regained control of the Senate and look well set to retain a majority in the House of Representatives thanks to support from white working class voters and a large share of Hispanics. CNN has called Republican victories for 213 seats in the House, with 218 needed for a majority in the lower chamber. The networks' figures show Democrats on 205 seats, although senior party figures are still hoping they can pull off a slim victory that would significantly curtail Trump's powers. NBC sees the Republicans with 212 seats so far, and 204 for the Democrats. The other six swing states won by Trump in the presidential race are Pennsylvania, Wisconsin, Michigan, North Carolina, Nevada and Georgia. The latest good news for Trump came as the White House said Biden would meet with the president-elect at the White House on Wednesday. Trump -- who never conceded his 2020 loss -- sealed a remarkable comeback to the presidency in the November 5 vote, cementing what is set to be more than a decade of US politics dominated by his hardline right-wing stance. This type of meeting between the outgoing and incoming presidents was considered customary, but Trump did not invite Biden for one after making unsubstantiated election fraud claims that culminated in the January 6, 2021 Capitol riot. Trump also broke with precedent by skipping Biden's inauguration, but the White House has said the Democratic president will attend the upcoming ceremony. Biden's meeting with Trump will take place in the Oval Office, the White House said Saturday, with the clock ticking down to the ex-president's return to power. Trump, the 78-year-old ex-reality TV star, won wider margins than before, despite a criminal conviction, two impeachments while in office and warnings from his former chief of staff that he is a fascist. Exit polls showed that voters' top concerns remained the economy and inflation that spiked under Biden in the wake of the Covid pandemic. The 81-year-old president, who dropped out of the White House race in July over concerns about his age, health and mental acuity, called Trump on Wednesday to congratulate him on the election win. Trump 2.0 Democrats have been pointing fingers over who is to blame for Harris' decisive loss after she replaced Biden at the top of the ticket roughly 100 days before the election. Former House Speaker Nancy Pelosi took aim at Biden, telling The New York Times that "had the president gotten out sooner, there may have been other candidates in the race." As the Democrats weigh what went wrong, Trump has begun to assemble his second administration by naming campaign manager Susie Wiles to serve as his White House chief of staff. She is the first woman to be named to the high-profile role and the Republican's first appointment to his incoming administration. Jockeying for jobs Trump on Saturday ruled out re-appointing two senior figures from his first administration, secretary of state Mike Pompeo and UN ambassador Nikki Haley. Abrasive former ambassador to Germany Ric Grenell is seen as a frontrunner for the secretary of state position, as is Florida Senator Marco Rubio who called Trump a "con artist" and the "most vulgar person to ever aspire to the presidency" in 2016. The other frontrunners for a place in the Trump 2.0 administration reflect the significant changes it is likely to implement. Robert F. Kennedy Jr., a leading figure in the anti-vaccine movement for whom Trump has pledged a "big role" in health care, told NBC News on Wednesday that "I'm not going to take away anybody's vaccines." The world's richest man, Elon Musk, could also be in line for a job auditing government waste after the right-wing SpaceX, Tesla and X boss enthusiastically backed Trump. Disclaimer: This story has been published from a news agency feed with minimal edits to adhere to WION's style guide. The headline may have been changed to better reflect the content of the story or to make it more suitable for WION audience.

US election: Trump wins Arizona, completing Republican's sweep of all swing states

The incoming administration of 2024 United States presidential election winner Donald Trump would focus on ending the war in Ukraine and not necessarily on restoring the country’s territorial integrity, a senior advisor to the Republican leader has remarked. British news broadcaster quoted Republican strategist Bryan Lanza as saying that they would press Ukraine’s leader Volodymyr Zelensky for a “realistic vision” for a potential peace deal.

Then Lanza suggested that if&nbsp;Zelensky demanded Crimea back, it would show his non-seriousness. Russia annexed Crimea from Ukraine in 2014 following a prolonged period of tension. Moscow invaded the eastern European nation in 2022 and continues to occupy parts of the territory to date.

"And if President Zelensky comes to the table and says, well we can only have peace if we have Crimea, he shows to us that he's not serious," Lanza&nbsp;said.

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The&nbsp;Republican strategist&nbsp;made it clear taking Crimea back from Russia was not ‘realistic’ and not a part of the Trump administration’s peace plan.

"When Zelensky says we will only stop this fighting, there will only be peace once Crimea is returned, we've got news for President Zelensky: Crimea is gone," he told the BBC.

He also warned Zelensky he would be “on his own” if he failed to listen to America’s advice and expect the US military to come to his aid.

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"And if that is your priority of getting Crimea back and having American soldiers fight to get Crimea back, you're on your own."

Trump’s peace plan for Ukraine, as described by Lanza, directly contradicts Zelensky’s ‘victory plan’ unveiled last month which ruled out ceding any territory to Russia.

Trump spoke to Zelensky after his election victory, with reports claiming X owner and US billionaire Elon Musk also joined the call.

Meanwhile, Russian leader Vladimir Putin congratulated Trump on his victory, praising his claim to end the Russia-Ukraine war in ‘one day’ and saying his plan "deserves attention at least".

(With inputs from agencies)

The incoming administration of 2024 United States presidential election winner Donald Trump would focus on ending the war in Ukraine and not necessarily on restoring the country’s territorial integrity, a senior advisor to the Republican leader has remarked.

The incoming administration of 2024 United States presidential election winner Donald Trump would focus on ending the war in Ukraine and not necessarily on restoring the country’s territorial integrity, a senior advisor to the Republican leader has remarked. British news broadcaster quoted Republican strategist Bryan Lanza as saying that they would press Ukraine’s leader Volodymyr Zelensky for a “realistic vision” for a potential peace deal. Then Lanza suggested that if Zelensky demanded Crimea back, it would show his non-seriousness. Russia annexed Crimea from Ukraine in 2014 following a prolonged period of tension. Moscow invaded the eastern European nation in 2022 and continues to occupy parts of the territory to date. "And if President Zelensky comes to the table and says, well we can only have peace if we have Crimea, he shows to us that he's not serious," Lanza said. Also read: One killed, 13 others injured following Russian drone attack on Ukraine`s Odesa The Republican strategist made it clear taking Crimea back from Russia was not ‘realistic’ and not a part of the Trump administration’s peace plan. "When Zelensky says we will only stop this fighting, there will only be peace once Crimea is returned, we've got news for President Zelensky: Crimea is gone," he told the BBC. He also warned Zelensky he would be “on his own” if he failed to listen to America’s advice and expect the US military to come to his aid. Also read: Elon Musk makes surprise appearance on Trump-Zelensky phone call: Reports "And if that is your priority of getting Crimea back and having American soldiers fight to get Crimea back, you're on your own." Trump’s peace plan for Ukraine, as described by Lanza, directly contradicts Zelensky’s ‘victory plan’ unveiled last month which ruled out ceding any territory to Russia. Trump spoke to Zelensky after his election victory, with reports claiming X owner and US billionaire Elon Musk also joined the call. Meanwhile, Russian leader Vladimir Putin congratulated Trump on his victory, praising his claim to end the Russia-Ukraine war in ‘one day’ and saying his plan "deserves attention at least". (With inputs from agencies)

‘Forget Crimea,’ Trump advisor tells Zelensky ceding territory is vital for peace in Ukraine

President-elect Donald Trump urged his supporters on Saturday (Nov. 9) to lend financial support to the Democrats as they face a tough financial situation following the recent general election.

President-elect Donald Trump urged his supporters on Saturday (Nov. 9) to lend financial support to the Democrats as they face a tough financial situation following the recent general election. What did Trump say? In a post on X, Trump mentioned that despite record fundraising efforts during the 2020 Presidential Election, the Democrats are now low on funds. “I am very surprised that the Democrats, who fought a hard and valiant fight in the 2020 Presidential Election, raising a record amount of money, didn’t have lots of $’s left over. Now they are being squeezed by vendors and others. Whatever we can do to help them during this difficult period, I would strongly recommend we, as a Party and for the sake of desperately needed UNITY, do. We have a lot of money left over in that our biggest asset in the campaign was ‘Earned Media,’ and that doesn’t cost very much. MAKE AMERICA GREAT AGAIN!" he said, referencing reports that the Harris campaign is currently $20 million in debt. Also read: Inderjeet Gosal, man behind Hindu temple attack in Canada arrested Kamala Harris, 60, was the Democratic candidate in the November 5 elections but was defeated by Trump. She had set new fundraising records, but her campaign now finds itself under financial strain. Data from the Federal Election Commission shows that the Harris campaign and associated Super PACs brought in $2.3 billion and spent $1.9 billion. Comparatively, Trump’s campaign raised over $1.8 billion and spent $1.6 billion. “Despite raising and spending over USD 1 billion in fundraising, Kamala Harris’ 2014 election bid failed to resonate with the voters who mattered most. The heavy reliance on celebrity endorsements, star-studded concerts, and backing from elite political figures couldn’t bridge the growing gap between the party and middle-class Americans struggling with rising costs for groceries, rent, and healthcare,” said Ajay Jain Bhutoria, a top fundraiser for the Harris Campaign, in an interview with PTI. '$1 billion disaster' Several members of the Democratic Party weren't happy with the campaign's execution. Lindy Li, a fundraiser for the Democratic National Committee (DNC), described the outcome as a “$1 billion disaster” on Fox & Friends Weekend. “The truth is, this is just an epic disaster. This is a $1 billion disaster,” Li said. Li further explained that fundraisers were promised a close election, leading many to raise large sums. “I raised millions of that. I have friends that I have to be accountable to and to explain what happened because I told them it was a margin of error race. I was promised, [Harris campaign chair] Jen O’Malley Dillon promised all of us that Harris would win. She even put videos out that Harris would win. I believed her, my donors believed her. And so they wrote massive checks,” Li stated. (With inputs from agencies)

Trump urges his supporters to bail out Democrats after Harris campaign’s ‘$1 billion disaster’

India’s External Affairs Minister S. Jaishankar on Sunday (November 10) said that although many 'countries are nervous' about the US presidential election outcome, India is not one of them.

At the Silver Jubilee of the Aditya Birla Group Scholarships Programme in Mumbai, Jaishankar replied to a question regarding the possible impact of the US election outcome on India-U.S. relations, especially given Prime Minister Modi’s established rapport with President-elect Donald Trump. He said, "You know, the prime minister Modi was among the first three calls, I think, that President Trump took. One, Prime Minister Modi has actually built a rapport across multiple presidents. When first came to DC Obama was the president then it was Trump and it was Biden.”

Also read:&nbsp;<a href="https://www.wionews.com/world/trump-urges-his-supporters-to-bail-out-democrats-after-harris-campaigns-1-billion-disaster-775015">Trump urges his supporters to bail out Democrats after ‘$1 billion disaster’</a>

Jaishankar added, "So you know for him, it’s there something natural in terms of how he forges those relationships, so that’s helped usually, and I think you know the changes in India have helped as well and I know today a lot of countries are nervous about the US, let’s be honest about it. We are not one of them."

Jaishankar also highlighted India’s growing global influence, saying, “India is today the fifth largest economy in the world, certain to be third by the end of the decade. Our interaction with the world and interest in it have grown proportionately. Exports have increased significantly in the last decade, especially in services. Investments in India have also more than doubled during this period. There is a perceptible interest in engaging with us reflected in the steady flow of high-profile visitors and businesses.”

On Thursday, Prime Minister Narendra Modi congratulated Donald Trump on his election victory. Ministry of External Affairs spokesperson Randhir Jaiswal shared details of Modi’s message, “India celebrates this expression of people's mandate.”&nbsp;

"PM Modi spoke to Donald Trump. We Look forward to work with him closely. During the call, the two leaders discussed that both India and US will work for the betterment of the people, And for global peace and prosperity" Jaiswal said.

Modi had also posted on X about his conversation with Trump, referring to him as a "friend." He wrote, “Heartiest congratulations my friend @realDonaldTrump on your historic election victory.”

Trump, who previously served as the 45th President, is set to begin his new term as the 47th President of the United States on January 25, following his&nbsp;win over Democratic rival Kamala Harris.

(With inputs from agencies)

India’s External Affairs Minister S. Jaishankar on Sunday (November 10) said that although many 'countries are nervous' about the US presidential election outcome, India is not one of them.

India’s External Affairs Minister S. Jaishankar on Sunday (November 10) said that although many 'countries are nervous' about the US presidential election outcome, India is not one of them. At the Silver Jubilee of the Aditya Birla Group Scholarships Programme in Mumbai, Jaishankar replied to a question regarding the possible impact of the US election outcome on India-U.S. relations, especially given Prime Minister Modi’s established rapport with President-elect Donald Trump. He said, "You know, the prime minister Modi was among the first three calls, I think, that President Trump took. One, Prime Minister Modi has actually built a rapport across multiple presidents. When first came to DC Obama was the president then it was Trump and it was Biden.” Also read: Trump urges his supporters to bail out Democrats after ‘$1 billion disaster’ Jaishankar added, "So you know for him, it’s there something natural in terms of how he forges those relationships, so that’s helped usually, and I think you know the changes in India have helped as well and I know today a lot of countries are nervous about the US, let’s be honest about it. We are not one of them." Jaishankar also highlighted India’s growing global influence, saying, “India is today the fifth largest economy in the world, certain to be third by the end of the decade. Our interaction with the world and interest in it have grown proportionately. Exports have increased significantly in the last decade, especially in services. Investments in India have also more than doubled during this period. There is a perceptible interest in engaging with us reflected in the steady flow of high-profile visitors and businesses.” On Thursday, Prime Minister Narendra Modi congratulated Donald Trump on his election victory. Ministry of External Affairs spokesperson Randhir Jaiswal shared details of Modi’s message, “India celebrates this expression of people's mandate.” "PM Modi spoke to Donald Trump. We Look forward to work with him closely. During the call, the two leaders discussed that both India and US will work for the betterment of the people, And for global peace and prosperity" Jaiswal said. Modi had also posted on X about his conversation with Trump, referring to him as a "friend." He wrote, “Heartiest congratulations my friend @realDonaldTrump on your historic election victory.” Trump, who previously served as the 45th President, is set to begin his new term as the 47th President of the United States on January 25, following his win over Democratic rival Kamala Harris. (With inputs from agencies)

‘We are not one of them’: EAM Jaishankar says India not ‘nervous’ about Trump’s win, unlike other nations

Donald Trump is now the newly elected president of the United States. Saturday Night Live, which has consistently taken jibes at Trump, began on a sombre note on Saturday- &nbsp;the first episode since the election results were announced.&nbsp; 
 
A group of plainly dressed cast members, primarily women and minorities, described their new reality.&nbsp;“To many people, including many people watching right now, the results were shocking and even horrifying,” Ego Nwodim soberly said.

“Donald Trump, who forcibly tried to overturn the results of the last election, was returned to office,” Heidi Gardner said.

“And now,” Bowen Yang added, “thanks to the Supreme Court, there are no guardrails.”

Then came the swerve from the liberal-leaning show.

“That is why we at ‘SNL’ would like to say to Donald Trump, we have been with you all along,” Keenan Thompson said.

Yang chimed in, “We have never wavered in our support for you, even when others doubted you.”

“Every single person on this stage believed in you,” Sarah Sherman said, while Marcello Hernández added, “Every single person on this stage voted for you.”

The cast members then declared their reverence for, and obedience to, the former and future president, introducing a new character, “Hot, Jacked Trump.”

Cast member James Austin Johnson, who plays a dead-on Trump and was virtually guaranteed a long-term job by the election, came out as an Adonis-bodied president-elect.

“From now on we’re going to do a very flattering portrayal of Trump, because frankly he’s my hero,” Johnson said in his Trump voice but speaking as himself. “He’s going to make an incredible president and eventually king.”

The episode, hosted by standup comic and actor Bill Burr, was the first all season that did not begin with former cast member Maya Rudolph, who played Vice President Kamala Harris in a giddy five-week run culminating with an appearance last week of Harris herself that began the show’s 50th season and brought a ratings spike.

Burr did a similar feint in his monologue, saying, “I don’t watch politics” and doing some standard standup including an airplane bit before doubling back to the elephant in the studio, the election.

“Alright, let’s get to what you all want to talk about. Alright ladies, you’re 0-and-2 against this guy,” he said. “But you learn more from your losses than your wins. So let’s get into the game tape. Ladies, enough with the pantsuit. Okay, it’s not working. Stop trying to have respect for yourself.”

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/FN3q8jZ04_E?si=2iYjWVWrQ3Z1ShbA" title="YouTube video player" width="560"></iframe>

He suggested candidates that were a least a little more scantily clad, saying, “I know a lot of ugly women — feminists, I mean — don’t want to hear this message.”

Burr was “so psyched that this stupid election is finally over. Everybody knew who they were going to vote for four years ago. Then they just dragged us through a year and a half of this stuff,” he said.

Rudolph made no appearance as Harris on Saturday night, but former cast member Dana Carvey, who has played President Joe Biden all season, showed up as a leaping Elon Musk after the cast said they loved him, too. 
 
(With&nbsp;inputs from agencies)

Donald Trump is now the newly elected president of the United States. Saturday Night Live, which has consistently taken jibes at Trump, began on a sombre note on Saturday- the first episode since the election results were announced.

Donald Trump is now the newly elected president of the United States. Saturday Night Live, which has consistently taken jibes at Trump, began on a sombre note on Saturday- the first episode since the election results were announced. A group of plainly dressed cast members, primarily women and minorities, described their new reality. “To many people, including many people watching right now, the results were shocking and even horrifying,” Ego Nwodim soberly said. “Donald Trump, who forcibly tried to overturn the results of the last election, was returned to office,” Heidi Gardner said. “And now,” Bowen Yang added, “thanks to the Supreme Court, there are no guardrails.” Then came the swerve from the liberal-leaning show. “That is why we at ‘SNL’ would like to say to Donald Trump, we have been with you all along,” Keenan Thompson said. Yang chimed in, “We have never wavered in our support for you, even when others doubted you.” “Every single person on this stage believed in you,” Sarah Sherman said, while Marcello Hernández added, “Every single person on this stage voted for you.” The cast members then declared their reverence for, and obedience to, the former and future president, introducing a new character, “Hot, Jacked Trump.” Cast member James Austin Johnson, who plays a dead-on Trump and was virtually guaranteed a long-term job by the election, came out as an Adonis-bodied president-elect. “From now on we’re going to do a very flattering portrayal of Trump, because frankly he’s my hero,” Johnson said in his Trump voice but speaking as himself. “He’s going to make an incredible president and eventually king.” The episode, hosted by standup comic and actor Bill Burr, was the first all season that did not begin with former cast member Maya Rudolph, who played Vice President Kamala Harris in a giddy five-week run culminating with an appearance last week of Harris herself that began the show’s 50th season and brought a ratings spike. Burr did a similar feint in his monologue, saying, “I don’t watch politics” and doing some standard standup including an airplane bit before doubling back to the elephant in the studio, the election. “Alright, let’s get to what you all want to talk about. Alright ladies, you’re 0-and-2 against this guy,” he said. “But you learn more from your losses than your wins. So let’s get into the game tape. Ladies, enough with the pantsuit. Okay, it’s not working. Stop trying to have respect for yourself.” He suggested candidates that were a least a little more scantily clad, saying, “I know a lot of ugly women — feminists, I mean — don’t want to hear this message.” Burr was “so psyched that this stupid election is finally over. Everybody knew who they were going to vote for four years ago. Then they just dragged us through a year and a half of this stuff,” he said. Rudolph made no appearance as Harris on Saturday night, but former cast member Dana Carvey, who has played President Joe Biden all season, showed up as a leaping Elon Musk after the cast said they loved him, too. (With inputs from agencies)

SNL takes jibes at Trump in first show post elections: 'Every person on this stage believed in you'

Can Donald Trump end Israel's wars on Gaza & Lebanon & the Russia-Ukraine war? North Korean soldiers get killed in combat in Ukraine 40 soldiers killed in an attack on a military garrison in Chad & 3 military bases overrun by supporters of Evo Morales in Bolivia Mohammed Saleh gets you an in-depth analysis of the world's biggest warzones of the week in #WorldAtWar

Can Donald Trump end Israel's wars on Gaza & Lebanon & the Russia-Ukraine war? | World at War

Donald Trump, the 47th president of the united states, is a well-known figure in the world of business and real estate, but his financial wisdom isn’t just about owning skyscrapers and luxury resorts—it’s about making smart investments and mastering the art of deal-making. Watch in for more details!

The 1% Playbook: Spotlight On Trump

The United States Justice Department Friday (Nov 8) made charges public in a case regarding a thwarted attempt by Iran to kill Donald Trump, the winner of the 2024 US presidential elections, back in September.

According to an official complaint filed at Manhattan federal court, an agent in the US was allegedly instructed by an Iran's paramilitary Revolutionary Guard official to hatch a plan to kill the Republican leader, earlier this year.&nbsp;

The man has been identified as Farjad Shakeri. He was allegedly ordered by the Iranian official that if he fails to formulate a plan to kill Trump by September, they would have to delay it until the elections happen.

Shakeri reportedly told US federal investigative agency FBI that Iran anticipated Trump would lose the elections, which would make it easier for the Shi’ite nation to assassinate the GOP leader.

The plot was uncovered after the US Justice Department unsealed the court documents related to it days after Trump defeated Democratic rival Kamala Harris in polls marred by foreign interference, especially by nations like Russia, Iran, and China. 
 
(With inputs from agencies)

The United States Justice Department Friday (Nov 8) made charges public in a case regarding a thwarted attempt by Iran to kill Donald Trump, the winner of the 2024 US presidential elections, back in September.

The United States Justice Department Friday (Nov 8) made charges public in a case regarding a thwarted attempt by Iran to kill Donald Trump, the winner of the 2024 US presidential elections, back in September. According to an official complaint filed at Manhattan federal court, an agent in the US was allegedly instructed by an Iran's paramilitary Revolutionary Guard official to hatch a plan to kill the Republican leader, earlier this year. The man has been identified as Farjad Shakeri. He was allegedly ordered by the Iranian official that if he fails to formulate a plan to kill Trump by September, they would have to delay it until the elections happen. Shakeri reportedly told US federal investigative agency FBI that Iran anticipated Trump would lose the elections, which would make it easier for the Shi’ite nation to assassinate the GOP leader. The plot was uncovered after the US Justice Department unsealed the court documents related to it days after Trump defeated Democratic rival Kamala Harris in polls marred by foreign interference, especially by nations like Russia, Iran, and China. (With inputs from agencies)

FBI foiled Iranian plot to assassinate Trump, criminal charges unsealed

Iran's foreign ministry on Saturday (Nov 9) described as "totally unfounded" US accusations of a plot by Tehran to assassinate president-elect Donald Trump. The foreign ministry "rejects allegations that Iran is implicated in an assassination attempt targeting former or current American officials," spokesman Esmaeil Baghaei said in a statement after US prosecutors announced charges over the alleged plot.

Iran's foreign ministry on Saturday (Nov 9) described as "totally unfounded" US accusations of a plot by Tehran to assassinate president-elect Donald Trump. The foreign ministry "rejects allegations that Iran is implicated in an assassination attempt targeting former or current American officials," spokesman Esmaeil Baghaei said in a statement after US prosecutors announced charges over the alleged plot. US prosecutors announced on Friday (Nov 8) that an Iranian man has been charged in an alleged assassination attempt on Trump. US said the foiled assassination plot on Trump was allegedly directed by Iran's Islamic Revolutionary Guard Corps to avenge the death of Iranian general Qassem Soleimani. Also read | Trump wants trade war veteran Robert Lighthizer to run US trade policy: Report The 51-year-old Farhad Shakeri, an Afghan national who is believed to be in Iran, was "tasked" by the IRGC with providing a plan to kill Trump, who defeated Vice President Kamala Harris in the November 5 US presidential election, the department said in a statement. Shakeri and two other men, Carlisle Rivera, 49, and Jonathon Loadholt, 36, both from New York, were charged separately with plotting to kill an Iranian-American dissident in New York. Rivera and Loadholt are in US custody and made a court appearance in New York on Thursday. "The charges announced today expose Iran's continued brazen attempts to target US citizens, including President-elect Donald Trump, other government leaders and dissidents who criticize the regime in Tehran," FBI Director Christopher Wray said. 'Money's not an issue' According to the criminal complaint against Shakeri, he allegedly disclosed the plot to assassinate Trump in telephone conversations with FBI agents in recent months. Also read | FEMA official directed aid workers to avoid houses with Trump signs, suspended: Report Shakeri held the conversations with FBI agents because he was hoping to obtain a sentence reduction for a person who is imprisoned in the United States, it said. Shakeri told the FBI he was approached by an IRGC official in September about organising the assassination of Trump. He allegedly told the IRGC official it would cost a "huge" amount of money, to which the official responded: "Money's not an issue." (With inputs from agencies)

Iran says Trump assassination claim by FBI 'totally unfounded'

Robert Lighthizer has reportedly been asked to return as the United States Trade Representative following&nbsp;Republican candidate&nbsp;Donald Trump's 2024 presidential election win, according to a report from the Financial Times on Friday (Nov 8).

During&nbsp;Trump’s first term, Lighthizer served as the US trade representative and&nbsp;played&nbsp;a key&nbsp;role in the trade war with China and managing the country’s tariff strategies. He was instrumental in renegotiating the North American Free Trade Agreement (NAFTA) with Canada and Mexico.

Also read:&nbsp;<a href="https://www.wionews.com/world/he-regained-youth-internet-startled-as-super-sharp-biden-delivers-powerful-speech-774620">‘He regained youth,’ internet startled as ‘super sharp’ Biden delivers powerful speech</a>

During his campaign, Trump pledged to impose significant tariffs on all imported goods, especially those from China. His aim is to intensify his earlier trade approach with a plan for 10 per cent&nbsp;tariffs on most imports, along with even higher rates for products from China and other select countries. If these tariffs are put in place, they could increase costs for American consumers.

China's ambassador to the US, Xie Feng, cautioned on Thursday (Nov 7)&nbsp;that trade wars, tariffs, or disputes over technology and industry have no true winners. He stated that differences between the two nations should encourage dialogue and mutual growth, rather than be a source of confrontation. Xie added that each country’s success should be seen as an opportunity for the other.

Also read:&nbsp;<a href="https://www.wionews.com/world/clueless-us-voters-googled-where-to-vote-for-biden-in-trump-vs-harris-contest-774642">Clueless US voters Googled ‘where to vote for Biden’ in Trump vs Harris contest</a>

On the same day, Trump announced that Susie Wiles, one of his campaign managers, would become White House chief of staff.

The Financial Times noted that it remains uncertain if Lighthizer will accept the role. Before his previous term as trade representative, Lighthizer spent 30 years as an attorney at the Wall Street firm Skadden Arps, where he defended the US steel industry against Chinese imports.

(With inputs from agencies)

Robert Lighthizer has reportedly been asked to return as the United States Trade Representative following Republican candidate Donald Trump's 2024 presidential election win, according to a report from the Financial Times on Friday (Nov 8).

Robert Lighthizer has reportedly been asked to return as the United States Trade Representative following Republican candidate Donald Trump's 2024 presidential election win, according to a report from the Financial Times on Friday (Nov 8). During Trump’s first term, Lighthizer served as the US trade representative and played a key role in the trade war with China and managing the country’s tariff strategies. He was instrumental in renegotiating the North American Free Trade Agreement (NAFTA) with Canada and Mexico. Also read: ‘He regained youth,’ internet startled as ‘super sharp’ Biden delivers powerful speech During his campaign, Trump pledged to impose significant tariffs on all imported goods, especially those from China. His aim is to intensify his earlier trade approach with a plan for 10 per cent tariffs on most imports, along with even higher rates for products from China and other select countries. If these tariffs are put in place, they could increase costs for American consumers. China's ambassador to the US, Xie Feng, cautioned on Thursday (Nov 7) that trade wars, tariffs, or disputes over technology and industry have no true winners. He stated that differences between the two nations should encourage dialogue and mutual growth, rather than be a source of confrontation. Xie added that each country’s success should be seen as an opportunity for the other. Also read: Clueless US voters Googled ‘where to vote for Biden’ in Trump vs Harris contest On the same day, Trump announced that Susie Wiles, one of his campaign managers, would become White House chief of staff. The Financial Times noted that it remains uncertain if Lighthizer will accept the role. Before his previous term as trade representative, Lighthizer spent 30 years as an attorney at the Wall Street firm Skadden Arps, where he defended the US steel industry against Chinese imports. (With inputs from agencies)

Trump wants trade war veteran Robert Lighthizer to run US trade policy: Report

Donald Trump's potential return to the US presidency could serve as a wake-up call for America's European allies. The era of guaranteed American protection, shaped on Europe’s terms, may be nearing its end.

New Threat Over Europe, the Free Ride is Over | GRAVITAS

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