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U.S. President-elect Donald Trump has called on BRICS nations to refrain from creating or supporting any currency that could replace the U.S. dollar. He warned that failure to comply would result in imposing 100% tariffs on those countries.
Canadian Prime Minister Justin Trudeau met with President-elect Donald Trump at Mar-a-Lago for a three-hour dinner following Trump's tariff threats against Canadian products. The discussion covered various topics, including trade, border security, and international relations, with Trudeau being the first G7 leader to visit Trump post-election.
Americans traveling to Europe in 2025 may benefit from favorable euro-U.S. dollar exchange rates, as the euro is expected to weaken further, potentially reaching parity with the dollar. Economic policies under President-elect Trump, including tariffs, could bolster the dollar while impacting European exports and interest rates. This shift may enhance American tourists' purchasing power significantly, making travel more affordable.
Switzerland is experiencing economic challenges due to a slowdown in Germany, its largest trading partner, according to Swiss National Bank President Martin Schlegel. He noted that reduced demand from Germany's industrial sector is impacting Swiss exports, particularly in the automotive industry. As the Swiss franc strengthens, the central bank faces pressure to adjust interest rates, with further cuts likely as inflation remains below expectations.
Switzerland is experiencing economic challenges due to a slowdown in Germany, its primary trading partner, according to Swiss National Bank President Martin Schlegel. He noted that the decline in German industrial demand is significantly impacting Swiss industries, likening the situation to Germany having a cold while Switzerland suffers from the flu.
Ethiopia has experienced a fallout with the Mogadishu government over plans to construct a port in the breakaway region of Somaliland. This development is tied to potential recognition of Somaliland's sovereignty, highlighting tensions in the region.
Canadian Prime Minister Justin Trudeau met with U.S. President-elect Donald Trump at Mar-a-Lago amid threats of a 25% tariff on Canadian imports over border issues. Trudeau's visit, unannounced in his public itinerary, comes as his popularity wanes due to economic challenges. He has called a meeting with provincial premiers to address U.S. relations and counter the tariff threat, which could significantly impact Canada's economy, particularly its oil and gas exports.
The Swiss government faces challenges as recent national votes reveal a disconnect with public opinion, with three out of four government-supported initiatives rejected. Meanwhile, the chocolate industry grapples with controversies, including a class action lawsuit against Lindt & Sprüngli over heavy metals in dark chocolate, despite ongoing popularity among consumers. Additionally, a national campaign to combat gender-based violence is set to launch by the end of 2025, highlighting ongoing concerns about women's safety in Switzerland.
The Swiss National Bank (SNB) is preparing to launch a competition for the design of the tenth series of banknotes, focusing on Switzerland's diverse topography. The current series, featuring notable figures and themes, has received acclaim but lacks the iconic status of earlier designs. The CHF1,000 note, known for its "danse macabre" imagery, serves as a reminder of life's transience, while the CHF1,000 "Formicone" note, depicting ants, remains emblematic despite its rarity in circulation.
Madhya Pradesh Chief Minister Mohan Yadav's recent UK visit has successfully attracted approximately Rs 60,000 crore in investments, showcasing the state's potential as an "investor-friendly" destination. During his keynote address in London, Yadav emphasized the state's opportunities in sectors like agribusiness, renewable energy, and logistics, highlighting its strategic advantages such as location, reliable power, and natural resources. This visit serves as a precursor to the Invest Madhya Pradesh Global Investment Summit scheduled for February 2025.

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