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President-elect Donald Trump has announced plans to impose significant tariffs on goods from Mexico, Canada, and China on his first day in office. The proposed tariffs aim to address illegal immigration and drug trafficking, raising concerns about their potential economic impact and implications for existing trade agreements. Leaders from affected countries have expressed alarm over the potential fallout.
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Nik Storonsky, CEO of Revolut, criticized the UK stock market's liquidity and high transaction costs compared to the US. He indicated that a public listing in the US is more appealing for the fintech company, which recently achieved a $45 billion valuation. Barclays' CEO echoed similar concerns about the UK market's decline.
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As AI adoption accelerates, the legal and public relations sectors are undergoing significant transformations. Firms are leveraging AI for efficiency and client engagement, while companies like Golin aim to become fully AI-integrated by 2026. Meanwhile, China and Saudi Arabia are ramping up AI talent and infrastructure investments.
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As Donald Trump prepares for his second term, he faces significant challenges in the Middle East, particularly regarding the ongoing conflicts in Gaza and Lebanon. Gulf leaders express concerns over his unpredictable foreign policy, while the dynamics between Israel, Hamas, and Iran complicate regional stability.
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Amnesty International has reported that French-made Galix defense systems are being used by Sudan's Rapid Support Forces (RSF) in violation of a UN arms embargo. The technology, mounted on UAE-manufactured vehicles, raises concerns about France's arms exports and their role in the ongoing humanitarian crisis in Sudan.
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Donald Trump's recent cabinet appointments, including Mike Huckabee as ambassador to Israel, indicate a strong pro-Israel stance. Israeli leaders celebrate the appointments, while Palestinians express concern over potential escalations in conflict and diminished prospects for peace. The geopolitical landscape in the Middle East is poised for significant changes.
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Lindt's latest creation, the 'Dubai chocolate' bar, has generated significant excitement, drawing crowds eager to taste the viral treat. Featuring chocolate, pistachio cream, and knafeh, the bar is a collaboration with UAE's FIX Dessert Chocolatier and aims to expand Lindt's market appeal beyond Europe.
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As conflict between the Sudanese Armed Forces and Rapid Support Forces escalates, nearly 26 million people face severe food insecurity. The situation is worsened by widespread disease and violence, with aid efforts severely hampered. Starvation is reportedly being used as a weapon of war, leading to catastrophic humanitarian conditions.
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Marcus Fakana, an 18-year-old from Tottenham, is facing trial in Dubai after being accused of engaging in a sexual relationship with a 17-year-old girl during a family holiday. His trial is scheduled for December 9, raising concerns about the UAE's strict laws regarding consensual relationships and their implications for foreign tourists.
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The UK government is leveraging royal engagements to strengthen trade ties with Gulf states, aiming for a free trade agreement. King Charles hosted the emir of Qatar, while human rights concerns persist amid diplomatic efforts. The visit is part of a broader strategy to enhance economic relations with the Gulf Cooperation Council.
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Recent reports highlight escalating violence in Myanmar, where the military junta is accused of using sophisticated weapons against civilians amid ongoing conflict. In South Sudan, gunfire erupted near a former general's residence, raising concerns about stability. Both situations reflect deepening humanitarian crises and governance challenges.
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Zvi Kogan, a 28-year-old Israeli-Moldovan rabbi, was found murdered in Dubai after going missing on Thursday. Israeli officials condemned the act as a 'heinous antisemitic terror incident' and vowed to seek justice. The UAE government has initiated an investigation into the circumstances surrounding his disappearance.
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Ukrainian officials are increasingly worried about the country's reliance on Telegram for communication amid the ongoing war. Concerns include disinformation and security risks, prompting moves to limit its use among government and military personnel. Telegram's recent partnership with the Internet Watch Foundation aims to address child sexual abuse material on the platform.
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Operation Destabilise has revealed a vast money laundering network linked to Russian elites and UK drug gangs. The National Crime Agency's investigation led to 84 arrests and £20 million in seized assets, exposing connections between cybercriminals and organized crime across 30 countries.
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The global billionaire population has increased to 2,682, with total wealth rising to $14 trillion, driven largely by the U.S. stock market's performance. However, challenges persist, particularly in China, where billionaire numbers and wealth have declined significantly due to economic pressures.
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The Trump Organization has announced new real estate projects in Riyadh, partnering with Dar Global. This comes amid ongoing scrutiny of Trump's ties to Saudi Arabia following the Khashoggi incident. Eric Trump highlighted the success of previous ventures in the region, including Oman and Dubai.