A fatal shooting by federal immigration agents in Minneapolis has sparked widespread protests and political backlash against the Trump administration's immigration crackdown, with business leaders calling for de-escalation and Democrats threatening a government shutdown.

• Most Fox News Reporting on Minneapolis Shooting Supports Official Version — The New York Times Business -
• Trump faces growing backlash against immigration crackdown after shooting — Financial Times -
• CEOs of Target and Minnesota’s Biggest Companies Call for ‘De-Escalation’ After Shooting — The New York Times Business -

• FirstFT: China’s military accuses top general of undermining Xi Jinping’s authority — Financial Times -
• Democrats unite to threaten shutdown over immigration raids — Financial Times -
• A city under siege: Minneapolis reels after another killing — Financial Times -
• Federal agents shoot man dead in Minneapolis — Financial Times -

Debates over US monetary policy intensify as Trump influences Fed decisions, while domestic economic concerns range from California's proposed wealth tax and farmers facing crop price drops to controversies surrounding AI data center development and new white-collar pardons.

• Opinion | Thank Heaven for Coal Power in the Cold — Wall Street Journal -
• Opinion | California Wealth Tax Backers Ignore Proposition 13 Lessons — Wall Street Journal -
• Fed sets rates as Trump nears decision on who to back as chair — Financial Times -

• Opinion | Meet Trump’s Partners in Venezuela — Wall Street Journal -
• Will the Fed bow to Trump’s pressure for lower interest rates? — Financial Times -
• Trump begins 2026 with a blitz of white-collar pardons — Financial Times -
• How one year of ‘America First’ left workers behind — Financial Times -
• Trump Pushes A.I. Data Centers, but the G.O.P. Is Cool to One in Alabama — The New York Times Business -
• Hard Times in the Mississippi Delta as Farmers Consider Letting Crops Rot — The New York Times Business -

An expansive winter storm is causing significant power outages and travel disruptions across the Central and Eastern U.S., leading to thousands of flight cancellations and strained infrastructure.

• Here’s What to Know if You Plan to Travel During the Winter Storm — The New York Times Business -
• Snowstorm knocks out power and grounds US flights — Financial Times -
• Expansive Winter Storm Snarls the Central and Eastern U.S. — Wall Street Journal -

Mergers and acquisitions, consumer market shifts, and the impact of AI on tech investments are prominent in global business news, including Disney's box office success in China, the scaling back of Saudi Arabia's Neom project, and lobbying efforts by data center groups amid energy concerns.

• Disney’s Surprise Box-Office Champion is ‘Zootopia 2,’ Thanks to China — Wall Street Journal -
• The Man Who Almost Replaced Warren Buffett — Wall Street Journal -
• Merck No Longer in Talks to Buy Revolution Medicines — Wall Street Journal -

• NBA to share financial plans with potential backers of European league — Financial Times -
• Bangladesh electricity deals add billions to power costs, review finds — Financial Times -
• Saudi Arabia to scale back Neom megaproject — Financial Times -
• High January Is the New Dry January. Sales of THC Drinks Are Booming. — The New York Times Business -
• Luxury bets on rich Americans and new designers to revive growth — Financial Times -
• Memory stocks soar as investors hunt for new AI winners — Financial Times -
• Data centre groups plan lobbying blitz to counter AI energy backlash — Financial Times -
• Robots only half as efficient as humans, says leading Chinese producer — Financial Times -

Political instability and power dynamics are unfolding globally, highlighted by China's military accusing a top general of undermining Xi Jinping, Iraq's selection of a new leader under US pressure, and Poland's reconsidering Eurozone membership as its economy thrives.

• FirstFT: China’s military accuses top general of undermining Xi Jinping’s authority — Financial Times -
• Iraq to select new leader as US piles pressure to curb Iranian influence — Financial Times -
• China’s military says top general undermined Xi’s authority — Financial Times -

• Poland cools on joining Eurozone after its economy surges — Financial Times -
• Middle powers may miss the global order more than they think — Financial Times -
• UN looks to businesses to bankroll more development projects — Financial Times -
• No laughing matter as Lebanon goes after its comedians — Financial Times -
• China-backed elections set to entrench military rule in Myanmar — Financial Times -

Internal Labour party tensions, major reforms in national counter-terrorism policing, and debates surrounding MP pay linked to GDP illustrate key UK political developments, alongside shifts in the education sector due to new taxation and concerns over children's reading habits.

• Labour party tensions mount as Andy Burnham is blocked from standing as an MP — Financial Times -
• How to get our kids to read books — Financial Times -
• England and Wales to hand counterterror policing to new national force — Financial Times -

• Link MPs’ pay to GDP, says UK business secretary — Financial Times -
• Demand grows for private tutoring after VAT charge on independent schools — Financial Times -