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ReutersIsrael's war spending in 2024 lifts debt burden to 69% of GDP
Israel spent about 100 billion shekels ($28 billion) on military conflicts in 2024, the finance ministry said on Tuesday, a figure that has sharply pushed up government borrowing and the country's debt burden. The ratio has risen 9 percentage points over the past two years, largely due to Israel's wars against Palestinian militant groups Hamas in Gaza and Hezbollah in Lebanon. Entering the Gaza war in 2023, Israel's low debt-to-GDP ratio provided flexibility, allowing funding to support displaced populations, businesses and reservists, Finance Minister Bezalel Smotrich said.
- Reuters
Trump's return to the White House: Market winners and losers
U.S. President Donald Trump's return to the White House has been met with both relief and disappointment across world markets as investors try to work out what the next four years will bring. "The approach will be chaotic, unpredictable, spur of the moment and driven by Trump himself," said Russel Matthews, senior portfolio manager, global macro at RBC BlueBay Asset Management. Calling out Canada and Mexico as potential targets for tariffs took a further toll on their currencies, which fell sharply following Trump's inauguration speech.
- USA TODAY
Powerball winning numbers for January 20: Jackpot reset to $20 million after Saturday's win
A lucky player in Oregon won Saturday's Powerball, resetting Monday's jackpot to $20 million. Check here to see if it's your lucky day.
- Reuters
UBS CEO says "premature" to consider acquisitions
UBS Chief Executive Sergio Ermotti on Tuesday said it was currently premature for the Swiss bank to consider acquisitions as it continues to focus on the integration of Credit Suisse, which it bought in 2023. Ermotti, who was speaking to CNBC on the sidelines of the World Economic Forum (WEF) in Davos, Switzerland, also said he did not expect a lot of deregulation in the banking sector in the United States under the new Trump administration. The UBS CEO said the Trump administration may help address some geopolitical issues, but noted that the prospect of trade tariffs could also create tensions.
- USA TODAY
Donald Trump pardons 1,500 defendants from Jan. 6, keeping campaign pledge and outraging critics
Nearly 1,600 people were charged and about 1,270 people were convicted in the riot.
- Associated Press Videos
Deadly fire hits hotel at ski resort in northwestern Turkey
A fire at a hotel at a ski resort in northwestern Turkey on Tuesday killed at least at least 10 people and hospitalized 32 others, officials said. The fire broke out at around 3:30 a.m. local time in the restaurant of the 12-storey Grand Kartal hotel in the resort of Kartalkaya in Bolu province, officials and reports said.
- Business Insider
BI Davos Diary: Everyone wants to know which CEOs are flying over after Trump's inauguration
Tuesday saw the World Economic Forum in Davos begin in earnest. Not even a star turn from David Beckham could stop AI dominating conversations.
- PA Media: UK News
Exhibitions and BBC film will celebrate legacy of Turner on 250th anniversary
JMW Turner has been called ‘one of this country’s greatest artists’.
- GuruFocus.com
Coca-Cola (KO) Poised for 63rd Consecutive Dividend Hike -- Stock Could Soar 14%
Coca-Cola's Strong Cash Flow Powers a Promising 5.1% Dividend Boost
- The Telegraph
Ibuprofen and antibiotics could reduce dementia risk, study suggests
Ibuprofen and antibiotics may reduce the risk of dementia, a study has found.
- PA Media: UK News
Calls for more female footballers to feature on birthday and greetings cards
MPs raised concerns in a motion tabled in the House of Commons.
- USA TODAY
Two Americans freed in prisoner exchange with Taliban just before Trump took office
The deal was struck for Khan Mohammad, a member of the Taliban serving two life sentences in a U.S. prison on 'narco-terrorism charges.'
- Reuters
Airbus in better shape than feared but risks ahead, CEO tell staff
PARIS (Reuters) -The CEO of Europe's Airbus has told staff that the group ended 2024 in better shape than it feared when issuing a profit warning last summer, while warning of a deteriorating international environment and newly increased business risks. Referring to group-wide performance, Guillaume Faury said in a memo seen by Reuters: "From an operational point of view, we finished the year in a better state than we feared when we changed our guidance to the financial markets" in July. An Airbus spokesperson said it never comments on internal correspondence.
- Engadget
The Morning After: TikTok lives to scroll another day (or 75)
The biggest news stories this morning: President Trump has delayed the TikTok ban,What to expect at Samsung’s Galaxy S25 Unpacked event, X adds a dedicated video tab to fill the brief TikTok void.
- HuffPost UK
Vladimir Putin Is Still Struggling In 1 Aspect After Fall Of Assad's Regime In Syria, UK Says
It all comes down to military access and managing "reputational damage".
- BBC
South Korea president denies ordering arrest of lawmakers
Yoon Suk Yeol has made his first appearance at an impeachment trial which will decide if he should be permanently removed.
- Reuters
Greenpeace activists slip through Davos security to stage climate protest
Greenpeace activists evaded the World Economic Forum's tight security checks on Tuesday, staging a brief climate change protest outside the main hall of the annual meeting in Davos. Dressed up in dark suits and white shirts, three protesters made it into the Congress Centre and scaled a balcony. Security staff intervened and escorted the protesters away, shortly before the official opening ceremony and a speech by European Commission President Ursula von der Leyen.
- The Telegraph
Rich, liberal rock stars hate Trump – yet he just saved them from oblivion
Well this is awkward. For vast swathes of the music industry, the re-election of Donald Trump as the US president represented their worst nightmare. While the world’s biggest pop star Taylor Swift publicly endorsed Trump’s Democrat rival Kamala Harris last September, seasoned rocker Bruce Springsteen told this newspaper just before November’s polling day that Trump was “mentally ill”. On the day after Trump’s victory, Ariana Grande offered her 376 million Instagram followers a message of support
- Cover Media
Highlights and Surprises from Trump's Second Inauguration
Melania Trump's Air Kiss Moment. Sporting a wide-brimmed hat, Melania Trump inadvertently thwarted Donald Trump's attempt at a kiss, leading to an awkward but memorable air kiss.
- BBC
Job-sharing deans 'a first' for rural university
Two lecturers take on the first-ever joint dean role at the Royal Agricultural University.