President-elect Donald Trump plans to establish an External Revenue Service (ERS) on his first day in office. The ERS will target tariffs, duties, and revenues from foreign sources to alleviate domestic taxation. Major trading partners like Canada, Mexico, China, and the EU are expected to be impacted.
The US bureau of industry and security removed three Indian entities from its Entity List while adding 11 Chinese entities due to national security concerns. The removal facilitates US-India energy cooperation, while the additions highlight consequences for aiding Chinese military development.
Meta CEO Mark Zuckerberg reveals plans to replace midlevel software engineers with AI by 2025. The social media giant also intends to eliminate its DEI team and switch to community notes for fact-checking, raising concerns among industry experts about the company’s direction.
Donald Trump’s anticipated return to the Oval Office is influencing global politics. His unpredictable diplomacy is reshaping alliances, spurring NATO allies’ budget reevaluations, and prompting negotiations like the China-India border dispute resolution. Trudeau’s resignation in Canada, Danish talks concerning Greenland, and potential Israel-Hamas negotiations hint at the Trump Effect in various geopolitical scenarios.
UK PM Keir Starmer is facing calls to sack Labour minister Tulip Siddiq amid allegations she benefited from properties gifted by allies of Bangladesh’s former regime. Interim leader Muhammad Yunus has condemned these actions and wants an investigation. Siddiq, who denies wrongdoing, has referred herself to the independent adviser on ministerial standards.
