Business

White House maritime funding proposals and strong economic reports highlight recent US policy and economic activity, while **inflation easing to 2.4% and Trump's plans to roll back tariffs signal shifts in economic strategy amid debates over Fed confirmations and challenges to Trump's tax cuts**.

The Epstein files continue to reverberate, leading to resignations of top executives at Goldman Sachs and DP World due to ties with Jeffrey Epstein, further fueling conspiracy theories as more names are revealed and the extent of corporate connections becomes clearer.

Homeland Security's demands for social media data and Meta's plans for facial recognition in smart glasses raise privacy concerns, even as AI sees growth in business forecasts from Capgemini, ads roll out on AI chatbots, and Australia uses AI for agricultural monitoring, alongside an exodus from Musk's xAI and a memory-chip shortage impacting consumer tech.

Trump's push for regime change in Iran and greenlighting of oil-and-gas investments in Venezuela underscore shifting energy policies, while US findings on Alibaba and BYD's links to the Chinese military heighten geopolitical tensions and Safran seeks alternative rare earth suppliers.

Germany's talks with France on nuclear deterrence and Denmark's call for an 'emergency mindset' reflect growing European security concerns, as Canada misses climate targets, the EU clears a major music acquisition, and disputes arise over cross-Channel cable funding alongside ongoing debates on EU carbon pricing.

Los Angeles is suing American Industrial Partners over a firetruck rollup, while Moderna and Wendy's report mixed earnings, Ubisoft shares jump on cash forecasts, L'Oreal experiences a soft end to the year, and Dentsu replaces its chief after significant losses, with Rivian also expecting to ramp up EV deliveries.

Britain's main parties are reportedly 'sinking' in electoral quicksand, while the BoE chief economist urges caution before rate cuts, discontent grows over UK student loans, and debates emerge on housebuilding decline in London, alongside Farage's popularity dips as Reform surges.

RFK Jr. allies are targeting states to overturn vaccine mandates, a UK ban on Palestine Action was ruled unlawful before the group entered a legal twilight zone, and a Brazilian supreme court judge stepped aside in a fraud case, highlighting diverse legal and societal challenges, including a surge in cargo thefts.

US stocks fell sharply amid a tech sell-off, with Clear Street postponing its IPO due to AI fears, and central bankers are reportedly 'not getting along', prompting discussions on a potential monetary regime shift in the US and Japan, as politics increasingly drives the dollar.

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