January 20, 2025 7:08 PM

What Trump’s presidency could mean for Russia’s rouble

With Donald Trump's pledge to quickly end the war between Ukraine and Russia, market players are starting to look at what impact that could have on the rouble, which became an outcast following sanctions. HOW HAS THE ROUBLE FARED IN RECENT MONTHS? The rouble started the year slumping to its weakest mark since March 2022 but has strengthened by about 10% since, becoming the best performing currency across emerging markets in 2025. Despite U.S. energy sanctions imposed on Jan. 10, the currency ...

January 20, 2025 5:48 PM

Trump’s second term marks new cryptocurrency era

Advocates and holders of crypto will soon influence U.S. policy on the emerging technology after a slew of nominations and advisory appointments by President-elect Donald Trump, who takes office on Monday. The crypto industry has spent years fighting lawsuits and enforcement actions by the U.S. government. It hopes the incoming Trump administration will mark a shift in policy. Political appointees will be vetted for potential conflicts. Some have committed to selling their interests. The indu...

January 20, 2025 1:02 PM

China both hopeful and on edge as Trump returns to White House

Chinese officials and ordinary people are hopeful but on edge as Donald Trump returns to the White House, eager to avoid a repeat of the bruising trade war that drove a wedge between the economic superpowers during his first term. Chinese Vice President Han Zheng, in meetings with Tesla CEO Elon Musk and other members of the U.S. business community in Washington ahead of Trump's inauguration, said he hoped U.S. companies would "take root" in China and help to stabilise bilateral relations, acc...

January 20, 2025 11:01 AM

‘We thank President Trump’: TikTok on process of restoring service in US

Chinese social media app TikTok has expressed gratitude to President-elect Donald Trump for "providing the necessary clarity and assurance" after confirming it is in the process of restoring service in the United States. This development follows Trump’s pledge to restore access to TikTok, which had ceased functioning in the US on Saturday night to comply with the Biden administration’s ban order. In a post on X on Sunday, TikTok said, "In agreement with our service providers, TikTok is in ...

January 20, 2025 9:13 AM

Trump’s swearing-in to be held indoors, with multiple threats Washington takes no chances

For the swearing-in of US President-elect Donald Trump, who has survived two assassination attempts, Washington is taking no chances mobilising a huge safety cordon of tens of thousands of personnel, putting miles of fences, installing vehicle barriers, and deploying helicopters and drones. Moving the ceremony indoors to the Capitol because of the freezing weather on Monday may lessen some risks but major threats remain. "From radiological threats to flat tires, the Secret Service has spent ove...

January 20, 2025 12:02 PM

Trump promises harsh immigration limits on inauguration eve

Donald Trump told thousands of roaring supporters he would impose severe limits on immigration on his first day in office, vowing to swiftly fulfill the central promise of his presidential campaign at a rally on Sunday inside a packed Washington arena a day before he returns to power. "By the time the sun sets tomorrow, the invasion of our country will have come to a halt," he said to cheers at a "Make America Great Again Victory Rally" at the Capital One Arena. Trump repeated his campaign pl...

January 16, 2025 1:12 PM

Trump’s attorney general nominee defends Kash Patel at Senate hearing

President-elect Donald Trump's nominee for attorney general, Pam Bondi, strongly defended Kash Patel on Wednesday as he faced criticism over his controversial statements, setting the stage for the scrutiny he is expected to face during his Senate confirmation hearing to head the Federal Bureau of Investigation (FBI). "I have known Kash, and I believe that he is the right person at this time for this job," Bondi told the Senate Judiciary Committee as Democratic senators questioned Patel’s qual...

January 16, 2025 9:26 AM

Biden warns US faces oligarchy as Trump looms over legacy

President Joe Biden capped a half-century political career on Wednesday with a final Oval Office speech as he hopes to seal a legacy overshadowed by Democrats' failure to stop Donald Trump from returning to the White House. Biden opened his speech with a familiar message - asking Americans to join together - but quickly warned about a dangerous concentration of wealth in the United States. "Our system of separation of powers, checks and balances may not be perfect, but it has maintained our de...

January 14, 2025 3:42 PM

US Justice Dept releases report on Trump attempt to overturn 2020 election

The U.S. Justice Department on Tuesday released Special Counsel Jack Smith’s report on Donald Trump’s attempts to overturn the 2020 election, the last act of a prosecutor whose historic criminal cases were thwarted by Trump's November election victory. The report is expected to detail Smith's decision to bring a four-count indictment against Trump accusing the Republican president-elect of plotting to obstruct the collection and certification of votes following his 2020 defeat by Democratic...

January 14, 2025 11:39 AM

Biden defends foreign policy record despite ongoing crises

Outgoing President Joe Biden sought to burnish his foreign policy record on Monday and said U.S. adversaries are weaker than when he took office four years ago despite global crises that remain unresolved. A week before handing over to President-elect Donald Trump, Biden addressed U.S. diplomats at the State Department and touted his administration's backing for Ukraine against Russia's 2022 invasion and for Israel's wars in the Middle East. Biden said the United States was "winning the worldw...