Trump returns, bringing chaos to boardrooms and markets
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The World at a Glance
Updated 5:57pm EST
1
The ICC issued arrest warrants for Israel’s Netanyahu and Gallant, and Hamas chief Deif over alleged war crimes and crimes against humanity.
2The US sanctioned dozens of Russian banks, as Washington ramps up economic warfare against Moscow.
3Brazil’s police indicted former President Jair Bolsonaro for allegedly attempting a coup in 2022, and urged federal prosecutors to take up the charges.
4A former Chinese diplomat argued that foreign media is biased against China on the basis of being a communist country.
5Donald Trump’s pick to head the US Justice Dept. Matt Gaetz will not pursue the Attorney General role, amid debate over allegations of sexual misconduct and drug use.
6Milan’s Via Monte Napoleone is now the most expensive shopping street in the world, beating out New York’s iconic Fifth Avenue.
ICC issues arrest warrants for Israel and Hamas leaders
The International Criminal Court said there were “reasonable grounds” to believe they bore responsibility for various crimes against humanity and war crimes.
Ronen Zvulun/File Photo/ReutersRussia informed US of ballistic missile attack on Ukraine, US official confirms
The US warned Ukraine of the potential for Russia to use ballistic missiles days before Thursday’s strike on Dnipro, a US official said.
Aftermath of a Russian missile strike in Dnipro. State Emergency Service of Ukraine via ReutersDeveloping nations push for $500 billion in annual climate funding at COP29
Summit delegates are in a stalemate over how much money poorer nations need to fund their green transition.
An activist holds up a sign at COP29. Maxim Shemetov/ReutersUS sanctions Gazprombank and other Russian financial institutions
The Biden administration is ramping up economic pressure on Russia’s financial sector as part of Washington’s support for Ukraine.
US Treasury Secretary Janet Yellen. Kaylee Greenlee Beal/ReutersAD
US AI chip giant Nvidia outstrips revenue expectations
The earnings from the biggest chipmaker in the world will have an outsized impact on the US stock market, analysts said, albeit in the short term.
Dado Ruvic/Illustration/File Photo/ReutersUS schools, colleges brace for conflict with Trump administration
Higher education institutions fear the incoming administration will use funding and regulations to assert control over campuses.
Linda McMahon. Mike Segar/File Photo/ReutersUS indicts Indian billionaire Gautam Adani on bribery charges
The charges come just weeks after the Adani Group pledged billions in new US energy and infrastructure projects.
Amir Cohen/Reuters
politics
Carlos Barria/Reuters
Mike Blake/Reuters
Jonathan Ernst/Reuters
Trump taps Bondi as attorney general after Gaetz bows out
Names were getting quickly floated after the Florida Republican’s bid sank, and the president-elect moved quickly.
Carlos Barria/ReutersTrump Attorney General pick Matt Gaetz bows out, citing ‘distraction’
The former Florida congressman said in a statement that his confirmation process “was unfairly becoming a distraction” to the president-elect’s transition.
Mike Blake/ReutersWhy Trump may get off to a slow start
The party’s slim House majority, and looming fights over funding and debt, may add up to a less ambitious start to its reign.
Jonathan Ernst/ReutersDemocratic critics of Israel are still searching for their breakthrough
Votes on Sen. Bernie Sanders’ push to block arms to Israel became the latest flashpoint.
Hegseth took public potshots at Republican senators whose votes he wants
Donald Trump’s defense secretary pick has directed particular criticism at Mitch McConnell, Susan Collins and Lisa Murkowski.
Trump picks former AG Matt Whitaker as NATO ambassador
Whitaker’s foreign policy views are largely unknown, but Trump has vowed to force NATO allies to spend more.
Doubts grow in Ukraine about US, NATO membership
Just 40% of Ukrainians said they approve of US leadership, in a survey conducted in August, down from a peak of 66% in 2022.
House Ethics panel to meet on Gaetz investigation
The 10-member panel needs a simple majority to release findings that reportedly center around alleged sexual misconduct allegations, which Gaetz has denied.
Republicans leery of trying to pay for tax cuts with Trump’s tariffs
His ideas might raise revenue. But asking Congress to vote for them is no easy task.
US Congress eyes Biden disaster aid request
Outgoing US President Joe Biden has requested $98 billion in disaster aid relief money — now Capitol Hill needs to figure out what to do with it.
Poll: One in five Americans or fewer use ‘woke’ terms
Some Democrats blame activists on the left for alienating Americans with their language.
business
Flickr
Trump administration eyes potential heads of financial agencies
The list of possible candidates to run the financial regulatory agencies under Trump has expanded, with some names closely aligned to the GOP’s agenda.
FlickrUS indicts Indian billionaire Gautam Adani on bribery charges
The charges come just weeks after the Adani Group pledged billions in new US energy and infrastructure projects.
Trump joins Musk for SpaceX Starship test as ‘Trump-Elon trade’ boosts industry
SpaceX and the rest of the commercial space industry could have a lot to gain from President-elect Donald Trump’s incoming administration.
Trump readies shortlist for financial agencies
The next administration could rollback some consumer protections, redo big bank capital rules, and overhaul the nation’s mortgage system.
Wall Street enemies circulate Bessent returns as Treasury race drags on
Documents show Bessent’s firm, Key Square, losing money five of the past seven years. But they leave out strong returns in 2016, 2017, and 2024, people familiar with the matter say.
technology
Florence Lo/ReutersDado Ruvic/Illustration/File Photo/Reuters
Stanford’s AI Center names US the top AI ecosystem, China follows
The university’s AI center has developed a tool that measures the strength of AI ecosystems based on a country’s economy, infrastructure, governance, and other factors.
Florence Lo/ReutersUS AI chip giant Nvidia outstrips revenue expectations
The earnings from the biggest chipmaker in the world will have an outsized impact on the US stock market, analysts said, albeit in the short term.
Dado Ruvic/Illustration/File Photo/ReutersSilicon Valley veteran Nikesh Arora on tech’s role in government, and the future of AI
The Palo Alto Networks CEO also discusses what hacking will look like in an AI-powered world.
Elon Musk’s idea to simplify tax filings hits Intuit and H&R Block stocks
Intuit’s shares fell 5% while H&R Block’s stock dropped 8% after Musk’s Department of Government Efficiency floated the idea of a free tax-filing app.
Pokémon Go maker to create AI trained on user data that can navigate the real world
Niantic said its “Large Geospatial Model” will be able to predict what physical structures like statues look like based on what it knows about existing ones.
US defense agencies, industry expands AI use with tech companies’ backing
Meta’s Llama and Anthropic’s Claude are among the artificial intelligence models tapped for use in defense and security.
net zeroAn activist holds up a sign at COP29. Maxim Shemetov/Reuters 
Aziz Karimov/Reuters
Flickr
Developing nations push for $500 billion in annual climate funding at COP29
Summit delegates are in a stalemate over how much money poorer nations need to fund their green transition.
An activist holds up a sign at COP29. Maxim Shemetov/ReutersCOP29 struggles to crack climate finance puzzle
Brazil, China, and India are stepping into a leadership vacuum left by the US.
Aziz Karimov/ReutersCEO of major US power utility urges Trump to remain in Paris Agreement
Pedro Pizarro, who leads Edison International, is the latest business leader to warn of the consequences of the US withdrawing from climate diplomacy.
Flickrgulf
HopeMarsMission/X
UAE sees diplomacy as key to its space, AI ambitions
The Emirate’s top diplomat for advanced science and technology is optimistic the country can navigate US-China tensions to advance its space and AI programs.
HopeMarsMission/XAnalysis: NEOM needs a global CEO to thrive
With its third leader in seven years, Saudi columnist Wael Mahdi asks whether the project requires a CEO with international clout to achieve its lofty ambitions.
UAE embraces reproductive medicine
The UAE’s investment in genomics and healthcare — plus a tiny local population bent on preservation — is making it a global fertility leader.
The Abu Dhabi Investment Authority is boosting its share in private markets
The government-run investor increased allocations last year to private equity and credit amid a global slowdown in dealmaking.
Success of ‘Love Is Blind: Habibi’ reflects growing appetite for Arab reality shows
The reality show topped Netflix’s top 10 most watched non-English TV shows globally in the first two weeks after its release.
africa
Amir Cohen/Reuters
Cristina Aldehuela/AFP via Getty Images
Kenya cancels Adani deals after US indictment
It follows accusations that Adani was scheming to pay over $250 million in bribes to Indian government officials, which he denies.
Amir Cohen/ReutersIllegal mining threatens Ghana’s economy as election looms
Illegal gold mining, known locally as “galamsey,” has spread across Ghana, driven by historic rises in global gold prices.
Cristina Aldehuela/AFP via Getty ImagesHow a beauty queen beat xenophobia to win Miss Universe Africa
Nigeria’s Chidimma Adetshina has been crowned Miss Universe Africa and Oceania.
Trump’s MAGA insiders want ‘anti-woke’ deal-driven Africa policies
Advisors close to President-elect Donald Trump are pushing for a renewed US-Africa policy which focuses on “deals and deterrence”.
Senegal’s ruling party set to clinch parliamentary majority
The Senegalese president’s ruling party looks set to secure electoral victory that would enable him to implement his policy agenda.
South Africa’s Wits unveils pan-African AI center
South Africa’s Wits University is set to unveil its first dedicated artificial intelligence institute to help drive the technology’s development across the continent.
media
Feed Me’s Emily Sundberg and her ‘studio mindset’
Sundberg’s business and culture newsletter has developed a cult following — and racked up 50,000 subscribers.
A tale of two jets: The old media grapples with its new limits
Remnick-Goldberg-Murray-Lessin-VandeHei-Thompson on the beginning of a new, diminished era for America’s legacy outlets.
TikTok astrologers are convinced this election isn’t over
Many had predicted before the election that Vice President Kamala Harris would win.
Gannett probes possible leak of bombshell Iowa poll
A stray tweet predicted the findings of Ann Selzer’s Iowa poll shortly before its release.
Needle at risk: In bitter, election-day labor dispute, union accuses Times of trying to ‘burn the house down,’ while paper accuses tech workers of trying to ‘block this public service’
A labor feud plays out on election day.
securityAftermath of a Russian missile strike in Dnipro. State Emergency Service of Ukraine via Reuters 
Leah Millis/Reuters
Lehtikuva/Heikki Saukkomaa/via Reuters
Russia informed US of ballistic missile attack on Ukraine, US official confirms
The US warned Ukraine of the potential for Russia to use ballistic missiles days before Thursday’s strike on Dnipro, a US official said.
Aftermath of a Russian missile strike in Dnipro. State Emergency Service of Ukraine via ReutersG20 struggles for consensus on Ukraine war
The leaders of the world’s largest economies used vague language when discussing the nearly three year conflict.
Leah Millis/ReutersGermany suspects sabotage behind severing of critical undersea cables
European countries have launched investigations into incidents involving undersea cables in the Baltic Sea.
Lehtikuva/Heikki Saukkomaa/via ReutersAD