Winter storm advisories warns of ‘heavy snow,’ ice pellets
Environment Canada has upgraded a winter storm watch to a warning for parts of the region.
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Politics
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Sanjeev Gupta’s Greensill Debt Deal Jeopardized by Australia Insolvency
Gleni - Sanjeev’s Gupta’s settlement with creditors owed hundreds of millions of pounds hangs in the balance after the South Australian government placed one of his steelworks into administration last month. - gleni
ECB’s Villeroy Says Direction Toward Further Easing Is Clear
The European Central Bank’s direction toward further easing policy is “clear” as it’s on course to bring inflation to its 2% target sustainably by the summer and economic growth has disappointed, Governing Council member Francois Villeroy de Galhau said.
Georgia Court Removes Fani Willis From Trump 2020 Case
A Georgia appeals court disqualified Fulton County District Attorney Fani Willis and her entire office from handling the 2020 election prosecution of President-elect Donald Trump, but will allow the case to continue.
UK’s Starmer Says He Opposes Trade Tariffs in Signal to Trump
Prime Minister Keir Starmer said he’s not a fan of tariffs, a signal to Donald Trump that his UK government will oppose any move by the president-elect’s incoming US administration to erect trade barriers.
Burkina Faso Junta Releases French Nationals Accused of Spying
Burkina Faso released four French nationals, who were accused of spying and detained for over a year after Morocco intervened, the country’s state news agency said on Thursday.
US Existing-Home Sales Rise as Buyers Accept High Mortgage Rates
Existing-home sales in the US topped a rate of 4 million in November for the first time in six months as house hunters begrudgingly accept mortgage rates above 6%.
Norway’s Prime Minister Says Europe Power Market ‘Needs Change’
Last week’s power price spikes highlight the need for reforms in Europe’s electricity market, Norwegian Prime Minister Jonas Gahr Store said in an interview.
UAW Reaches Secret Deal With Rivian to Make Unionizing Easier
The EV maker pledged to adopt a neutral stance on UAW efforts to organize its factory workers, contingent upon the company becoming profitable.
Lilly’s US Weight-Loss Drug Shortage Ends, Curtailing Copies
Eli Lilly & Co.’s weight-loss and diabetes drugs Mounjaro and Zepbound are no longer in short supply in the US, which means compounding pharmacies must stop making copycats in the coming months.
FAA Bans Drone Flights in Parts of New Jersey
The US Federal Aviation Administration prohibited drone flights over several parts of New Jersey as public hysteria over sightings continues to persist.
Trump Would Support Abolishing the Debt Ceiling, NBC Reports
President-elect Donald Trump said Congress should get rid of the debt ceiling, NBC News reports citing a phone interview with him on Thursday.
Argentina Takes Steps to Speed Up Milei’s Dollarization Strategy
Argentina’s government is racing against time as it works with major banks and payment firms to advance Javier Milei’s dollarization strategy even as pesos are in high demand.