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WEST PALM BEACH, Fla. (AP) — President-elect Donald Trump on Saturday threatened 100% tariffs against a bloc of nine nations if they act to undermine the U.S. dollar. His threat was directed at countries in the so-called BRIC alliance, which consists of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran and the United Arab Emirates. Turkey, Azerbaijan and Malaysia have applied to become members and several other countries have expressed interest in joining. While the U.S. dollar is by far the most-used currency in global business and has survived past challenges to its preeminence, members of the alliance and other developing nations say they are fed up with America’s dominance of the global financial system . The dollar represents roughly 58% of the world’s foreign exchange reserves, according to the IMF and major commodities like oil are still primarily bought and sold using dollars. The dollar's dominance is threatened, however, with BRICS' growing share of GDP and the alliance's intent to trade in non-dollar currencies — a process known as de-dollarization. Trump, in a Truth Social post, said: “We require a commitment from these Countries that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty U.S. Dollar or, they will face 100% Tariffs, and should expect to say goodbye to selling into the wonderful U.S. Economy." At a summit of BRIC nations in October, Russian President Vladimir Putin accused the U.S. of “weaponizing” the dollar and described it as a “big mistake.” “It’s not us who refuse to use the dollar,” Putin said at the time. “But if they don’t let us work, what can we do? We are forced to search for alternatives.” Russia has specifically pushed for the creation of a new payment system that would offer an alternative to the global bank messaging network, SWIFT, and allow Moscow to dodge Western sanctions and trade with partners. Trump said there is "no chance" BRIC will replace the U.S. dollar in global trade and any country that tries to make that happen "should wave goodbye to America.” Research shows that the U.S. dollar's role as the primary global reserve currency is not threatened in the near future. An Atlantic Council model that assesses the dollar’s place as the primary global reserve currency states the dollar is “secure in the near and medium term” and continues to dominate other currencies. Trump's latest tariff threat comes after he threatened to slap 25% tariffs on everything imported from Mexico and Canada, and an additional 10% tax on goods from China, as a way to force the countries to do more to halt the flow of illegal immigration and drugs into the U.S. He has since held a call with Mexican President Claudia Sheinbaum, who said Thursday she is confident that a tariff war with the United States can be averted. Canadian Prime Minister Justin Trudeau returned home Saturday after meeting Trump, without assurances the president-elect will back away from threatened tariffs on Canada.
WEST PALM BEACH, Fla. (AP) — President-elect Donald Trump on Saturday threatened 100% tariffs against a bloc of nine nations if they act to undermine the U.S. dollar. His threat was directed at countries in the so-called BRIC alliance, which consists of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran and the United Arab Emirates. Turkey, Azerbaijan and Malaysia have applied to become members and several other countries have expressed interest in joining. While the U.S. dollar is by far the most-used currency in global business and has survived past challenges to its preeminence, members of the alliance and other developing nations say they are fed up with America’s dominance of the global financial system . The dollar represents roughly 58% of the world’s foreign exchange reserves, according to the IMF and major commodities like oil are still primarily bought and sold using dollars. The dollar's dominance is threatened, however, with BRICS' growing share of GDP and the alliance's intent to trade in non-dollar currencies — a process known as de-dollarization. Trump, in a Truth Social post, said: “We require a commitment from these Countries that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty U.S. Dollar or, they will face 100% Tariffs, and should expect to say goodbye to selling into the wonderful U.S. Economy." At a summit of BRIC nations in October, Russian President Vladimir Putin accused the U.S. of “weaponizing” the dollar and described it as a “big mistake.” “It’s not us who refuse to use the dollar,” Putin said at the time. “But if they don’t let us work, what can we do? We are forced to search for alternatives.” Russia has specifically pushed for the creation of a new payment system that would offer an alternative to the global bank messaging network, SWIFT, and allow Moscow to dodge Western sanctions and trade with partners. Trump said there is "no chance" BRIC will replace the U.S. dollar in global trade and any country that tries to make that happen "should wave goodbye to America.” Research shows that the U.S. dollar's role as the primary global reserve currency is not threatened in the near future. An Atlantic Council model that assesses the dollar’s place as the primary global reserve currency states the dollar is “secure in the near and medium term” and continues to dominate other currencies. Trump's latest tariff threat comes after he threatened to slap 25% tariffs on everything imported from Mexico and Canada, and an additional 10% tax on goods from China, as a way to force the countries to do more to halt the flow of illegal immigration and drugs into the U.S. He has since held a call with Mexican President Claudia Sheinbaum, who said Thursday she is confident that a tariff war with the United States can be averted. Canadian Prime Minister Justin Trudeau returned home Saturday after meeting Trump, without assurances the president-elect will back away from threatened tariffs on Canada.
The cost of Storm Bert will run to millions of euro as a massive clean-up operation is underway nationwide. On Sunday, forecasters issued low-level wind warnings for 13 counties across the island. A status yellow wind warning is in place for Leitrim, Mayo and Sligo until 2am on Monday while a yellow wind alert is in place for Donegal until 8am on Monday. A status yellow wind warning is also in place for Clare, Kerry and Galway until 7pm on Sunday. Forecasters at Met Éireann said gusty winds will create a risk of fallen trees and difficult travelling conditions in these counties. In Northern Ireland, a yellow alert warning has been issued by the Met Office for all counties from 11am until 6pm on Sunday, with possible disruption to travel and utilities. While the Atlantic storm wasn't as damaging as initially feared with Status Red warnings in place for both Galway and Cork on Saturday, torrential rainfall caused havoc across many rural communities with homes flooded, infrastructure damaged, roads left impassable, festive attractions closed and Christmas shopping interrupted. At its peak, over 60,000 homes and businesses were left without power as Storm Bert battered Ireland with torrential rainfall and high winds. The River Blackwater bursts its banks and floods Mallow Racecourse in Mallow, County Cork Storm Bert: Footage shows heavy flooding as rivers burst their banks More than 100 roads, mostly rural, were left impassable on Saturday due to the combination of flooding, fallen trees and storm debris. The ESB said almost 50,000 people were successfully reconnected on Saturday evening as repair crews began operations once it was safe to do so. All businesses and householders are expected to be reconnected by Sunday evening. At one point, repair crews were battling to deal with storm related issues in 14 counties. Donegal, Limerick, Cork, Kerry and Galway witnessed the worst of the damage. However, while major flooding fears had focused on Bantry and Midleton in Cork, both were spared the worst of the damage on Saturday. Rising water levels as the rainfall from Storm Bert feeds down from mountains and hills - combined with melt from the snow and ice of last week's Arctic snap - will ensure all flood-prone towns will remain on high alert for days to come. Met Éireann warned that the winds in the aftermath of Storm Bert will vary from strong gusts to gale force with the risk of fallen trees, flying debris and difficulty travelling conditions. Flood barriers were erected in Mallow and Fermoy - with Fermoy's Kent Bridge over the River Blackwater having to be closed to both vehicle and pedestrian traffic on Sunday because of rising water levels. It reopened on Sunday morning. Significant flooding hit a number of communities nationwide with Killybegs in Donegal, Abbeyfeale in Limerick and Listowel in Kerry hardest hit. All three suffered what has been described as the worst flooding in living memory. Assessments are now underway in all three towns to determine the scale of the flood-repair costs. However, the combination of damage to property and infrastructure, allied to the disruption of critical Christmas trade, is expected to see losses run to millions of Euro. At its peak, a river was running through the centre of Killybegs - while Abbeyfeale's soccer pitch was left resembling a waterpark as flood water turned a local road into a river. Listowel's town centre flooded as locals admitted it was the worst flooding seen for over half a century. Some traders fear they have suffered flood-related damage to much of their critical Christmas stock. Maam Cross in Galway su ffered a major landslide as hillsides were unable to cope with the sheer volume of rainfall dumped by Storm Bert. Maam Road in Leenane had to be closed due to the massive landslide with Galway Co Council experts now conducting a safety and repair assessment. At its peak, some parts of Ireland received 60mm-plus of rainfall in a matter of hours. Fears had focused on both Midleton and Bantry in Cork but they escaped any major flood damage. Midleton was hit by severe flooding in October 2023 after Storm Babet. Bantry suffered damaging flooding just last month with a culvert under the town's main street unable to cope with the huge volume of rainfall washing down from the mountains which ring the coastal town. The west Cork town has been waiting for almost two decades for a flood protection scheme. Storm Bert also played havoc with public transport across Ireland with dozens of Iarnród Éireann and Bus Éireann services either delayed or cancelled because of the conditions. A number of flights were also either delayed or diverted at the height of the storm. Fears were that Storm Bert rainfall could reach from 50mm to possibly even 80mm across Galway and Cork in a matter of hours. The average rainfall for the entire month of December is 123mm. Storm conditions forced a number of festive events to be postponed - with the Christmas lights ceremony being hit in Fermoy firstly by Storm Bert on Saturday and then on Sunday by the town effectively being cut in two by the flood-related bridge closure. However, a number of cities and towns proceeded on Sunday with Christmas festivals and events which had to be cancelled on Saturday due to Storm Bert. Both the Gardaí and Road Safety Authority (RSA) repeated their plea to people to be careful when travelling near flooded roads over the coming days. A large number of roads are expected to be flooded for days to come and motorists were warned never to attempt to drive into flood waters because of uncertainty over the depth and possible current. Drivers were also urged to drive with care, to slow down, allow extra braking distance to the vehicle in front and to be conscious of vulnerable road users. Gardaí repeated their plea to motorists to check that their vehicles were winter-ready with tyres, windscreen wipers and headlights all in good condition. Water Safety Ireland urged people to avoid waterways given that many streams and rivers have been transformed into raging torrents. The public have also been urged to stay away from exposed coastal areas due to hazardous gusts.Griffins’ William Lagesson suspended three games for roughing against Wild’s Adam RaskaEmboldened 'manosphere' accelerates threats and demeaning language toward women after US election
A fight broke out at midfield between the rivals Saturday after Michigan upset Ohio State at Ohio Stadium in Columbus. (FOX Sports) Vice President-elect JD Vance commended his Ohio State Buckeyes after their shocking loss to rival Michigan Saturday. The internet was not so kind in response. Vance posted on X, saying the Buckeyes played like "champions" and that he's "proud of them." "To the OSU seniors on that team: I know it sucks to lose four to Michigan, but for your entire college career you guys have conducted yourselves like champions. I speak for nearly all of us fans when I say: we’re proud of you!" Vance wrote. The Buckeyes blew the game as 21-point favorites, losing to their top rival for the fourth straight time. Michigan's 2024 team is the worst the program has fielded in years, entering the game with a 6-5 record. CLICK HERE FOR MORE SPORTS COVERAGE ON FOXNEWS.COM Davis Warren (16) of the Michigan Wolverines carries the ball against the Ohio State Buckeyes during the fourth quarter at Ohio Stadium Nov. 30, 2024, in Columbus, Ohio. (Jason Mowry/Getty Images) Entering the game, Ohio State was ranked No. 2 with a record of 10-2 and was vying for a spot in the Big 10 championship game and a College Football Playoff berth. Now both of those goals are in question for coach Ryan Day and his team. The Buckeyes were also involved in a brawl with Michigan players after the game. OHIO STATE LOSES TO MICHIGAN FOR FOURTH STRAIGHT YEAR IN HUGE UPSET; PLAYOFF STATUS NOW UP IN THE AIR Vance was the recipient of plenty of shots for his pledged loyalty to the team in response. "Ohio State sucks and so do you!" one user wrote. Another user said Vance's post prompted him to rethink his approval of Vance as Trump's VP pick. "First time I’ve disagreed with JD in a [minute], maybe Trump should have went a different route for the VP role!" the user wrote. Players scrum at midfield after Saturday’s game between the Ohio State Buckeyes and the Michigan Wolverines. (Imagn) Another user questioned Vance praising players who would start a postgame brawl. "'Conducted yourselves like champions' didn’t they just get into a brawl that resulted in Michigan players being pepper sprayed because they were sore losers?" the user wrote. Several law enforcement officers were also involved in breaking up the fight. Videos shared on social media appeared to show players being pepper sprayed, and both Michigan and Ohio State players appeared to be in pain from it. In the immediate aftermath of the fight, Michigan running back Kalel Mullings told FOX Sports in an on-field interview the incident was "bad for the sport." CLICK HERE TO GET THE FOX NEWS APP "It was such a great game. You hate to see stuff like that happen after the game. Bad for the sport, bad for college football. But, at the end of the game, they gotta learn how to lose, man. You can't be fighting and stuff just because you lost a game." Vance previously revealed he had told Trump his loyalty to the Buckeyes could affect Trump's chances of winning the key battleground state of Michigan. "When he first asked me to be a VP, I was like, 'Well, you know, hopefully we don't lose Michigan by like 900 votes, because you're going to regret it. 'Cause it's probably just a thousand p---ed-off Wolverine fans who wouldn't vote for a Buckeye," Vance said during an appearance on OutKick's "The Clay Travis and Buck Sexton Show." "But I think that most Michiganders are going to be able to put sports rivalries aside and put the country first, which is what, of course, all of us believe is the most important thing." The Democratic National Committee attempted to exploit Vance's connection to Ohio State with a campaign strategy in Michigan in early September. The DNC flew a plane over a Michigan football game Sept. 7 with a banner that said, "J.D. Vance [loves] Ohio State [plus] Project 2025." Sen. J.D. Vance, R-Ohio, the Republican vice presidential nominee, introduces Former President Trump, the Republican presidential nominee, during a rally at Herb Brooks National Hockey Center July 27, 2024, in St Cloud, Minn. (Stephen Maturen/Getty Images) The Trump-Vance ticket ended up easily carrying Michigan. Vance also suggested in that interview that Trump and Vance would attend Saturday's game if they won the election. "Well, let's go to the Ohio State-Michigan game, assuming we win, because I bet I can get some pretty sweet tickets as the VP-elect, and we'll be in a celebratory mood," Vance said on OutKick. "And, look, it's, it's going to be a big game this year. I think it's going to determine ultimate seeding in the College Football Playoff. "I mean, now both teams might actually make the playoff. I know Michigan's, you know, sort of people aren't putting them as high this year, but you never know, because it's always a good program. So, we'll see, guys. I'm feeling very good about the Buckeyes. I'm feeling very good about the Bengals." Neither Trump nor Vance attended Saturday's Ohio State-Michigan game. Follow Fox News Digital’s sports coverage on X , and subscribe to the Fox News Sports Huddle newsletter . Jackson Thompson is a sports writer for Fox News Digital. He previously worked for ESPN and Business Insider. Jackson has covered the Super Bowl and NBA Finals, and has interviewed iconic figures Usain Bolt, Rob Gronkowski, Jerry Rice, Troy Aikman, Mike Trout, David Ortiz and Roger Clemens.
Gilbert and Jones help No. 5 Iowa State outlast Dayton 89-84 in MauiNone
You can support any political party, but stop misbehaving in NPP coloursBarau pays condolence visits to late Sen Inuwa’s family, othersCOLUMBIA, Mo. (AP) — Arkansas defensive end Landon Jackson was carted off the field and taken to a hospital with a neck injury late in the first half of Saturday's game at No. 24 Missouri. Jackson appeared to injure his neck while trying to tackle Missouri running back Jamal Roberts. Medical personnel tended to Jackson for approximately 10 minutes before he was placed on a backboard and driven to a waiting ambulance. Jackson gave a thumbs-up sign as he was carted off the snow-covered field. Arkansas athletic director Hunter Yurachek said Jackson had movement in his arms and legs but was experiencing pain in his neck. He said Jackson was taken to the hospital as a precaution. Jackson leads the Razorbacks with 9 1/2 tackles for loss and 6 1/2 sacks, and is considered a potential first-round pick in next year's NFL draft. Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-football
UN Resolution 1701 is at the heart of the Israel-Hezbollah ceasefire deal. What is it?Retailers coax Black Friday shoppers into stores with big discounts and giveaways NEW YORK (AP) — Retailers in the U.S. have used giveaways and bigger-than expected discounts to reward shoppers who ventured out on Black Friday. The day after Thanksgiving still reigns for now as the unofficial kickoff of the holiday shopping season even if it’s lost some luster. Analysts reported seeing the biggest crowds at stores that offered real savings. They say many shoppers are being cautious with their discretionary spending despite the easing of inflation. Stores are even more under the gun to get shoppers in to buy early and in bulk since there are five fewer days between Thanksgiving and Christmas this year. Online sales figures from Thanksgiving Day gave retailers a reason to remain hopeful for a lucrative end to the year. Southwest Airlines says it is ending cabin service earlier to reduce chance of injury Southwest Airlines is ending its cabin service earlier starting next month. Beginning on Dec. 4, a company spokesperson says flight attendants will begin preparing the cabin for landing at an altitude of 18,000 feet instead of 10,000 feet. The company says it's making the changes to reduce the risk of in-flight turbulence injuries. For passengers, that means they will need to return their seats to an upright position or do other pre-landing procedures earlier than before. While turbulence-related fatalities are quite rare, injuries have piled up over the years. Why your favorite catalogs are smaller this holiday season PORTLAND, Maine (AP) — While retailers hope to go big this holiday season, customers may notice that the catalogs arriving in their mailboxes are smaller. Many of the millions of catalogs getting sent to U.S. homes were scaled down to save on postage and paper. Some gift purveyors are sending out postcards. In a sign of the times, the American Catalog Mailers Association rebranded itself in May as the American Commerce Marketing Association. Despite no longer carrying an extended inventory of goods, industry experts say catalogs help retailers cut through the noise and still hold their own in value because of growing digital advertising costs. Canada's Trudeau returns home after Trump meeting without assurances that tariffs are off the table WEST PALM BEACH, Fla. (AP) — Canadian Prime Minister Justin Trudeau is returning home after his meeting with Donald Trump without assurances the president-elect will back away from threatened tariffs on all products from the major American trading partner. Trump says the dinner talks Friday night at his Mar-a-Lago club in Florida were “productive.” But he signaling no retreat from a pledge that Canada says unfairly lumps it in with Mexico over the flow of drugs and migrants into the United States. Trudeau spoke of “an excellent conversation” but offered no details. Trump said in a Truth Social post later Saturday that they discussed “many important topics that will require both Countries to work together to address.” Trump and Republicans in Congress eye an ambitious 100-day agenda, starting with tax cuts WASHINGTON (AP) — Republicans swept to power on Election Day and now control the House, the Senate and the White House, with plans for an ambitious 100-day agenda come January. Their to-do list includes extending tax breaks, cutting social programs, building the border wall to stop immigration and rolling back President Joe Biden's green energy policies. Atop that list is a plan to renew some $4 trillion in expiring tax cuts that were a signature domestic achievement of Republican Donald Trump’s first term as president. It's an issue that may define his return to the White House. The ruble's in a slump. For the Kremlin, that's a two-edged sword Russia’s ruble is sagging against other currencies, complicating the Kremlin’s efforts to keep consumer inflation under control with one hand even as it overheats the economy with spending on the war against Ukraine with the other. Over time a weaker ruble could mean higher prices for imports from China, Russia's main trade partner these days. President Vladimir Putin says things are under control. One wild card is sanctions against a key Russian bank that have disrupted foreign trade payments. If Russia finds a workaround for that, the ruble could regain some of its recent losses. Iceland votes for a new parliament after political disagreements force an early election REYKJAVIK, Iceland (AP) — Icelanders are electing a new parliament after disagreements over immigration, energy policy and the economy forced Prime Minister Bjarni Benediktsson to pull the plug on his coalition government and call early elections. This will be Iceland’s sixth general election since the 2008 financial crisis devastated the economy of the North Atlantic island nation and ushered in a new era of political instability. Opinion polls suggest the country may be in for another upheaval, with support for the three governing parties plunging. Benediktsson, who was named prime minister in April following the resignation of his predecessor, struggled to hold together the unlikely coalition of his conservative Independence Party with the centrist Progressive Party and the Left-Green Movement. Massachusetts lawmakers push for an effort to ban all tobacco sales over time BOSTON (AP) — A handful of Massachusetts lawmakers are hoping to persuade their colleagues to support a proposal that would make the state the first to adopt a ban meant to eliminate the use of tobacco products over time. Other locations have weighed similar “generational tobacco bans.” The bans phase out the use of tobacco products based not just on a person's age but on birth year. Lawmakers plan to file the proposal next year. If approved, the bill would set a date and ban the sale of tobacco to anyone born after that date forever, eventually banning all sales. Vietnam approves $67 billion high-speed railway project between Hanoi and Ho Chi Minh city HANOI, Vietnam (AP) — Vietnam has approved the construction of a high-speed railway connecting the capital Hanoi in the north with the financial capital of Ho Chi Minh in the south. It is expected to cost $67 billion and will stretch 1,541 kilometers (957 miles). The new train is expected to travel at speeds of up to 350 kph (217 mph), reducing the journey from the current 30 hours to just five hours. The decision was taken by Vietnam’s National Assembly on Saturday. Construction is expected to begin in 2027 and Vietnam hopes that the first trains will start operating by 2035. But the country has been beleaguered by delays to its previous infrastructure projects. Inflation rose to 2.3% in Europe. That won't stop the central bank from cutting interest rates FRANKFURT, Germany (AP) — Inflation in the 20 countries that use the euro currency rose in November — but that likely won’t stop the European Central Bank from cutting interest rates as the prospect of new U.S. tariffs from the incoming Trump administration adds to the gloom over weak growth. The European Union’s harmonized index of consumer prices rose 2.3 percent, up from 2.0% in October, according to EU statistics agency Eurostat. However, worries about growth mean the Dec. 12 ECB meeting is not about whether to cut rates, but by how much. Market buzz says there could be a larger than usual half-point cut in the benchmark rate, currently 3.25%.Cooper, Batcho lead Louisiana Tech past Richmond 65-62
MANCHESTER, England-- Manchester City squandered a three-goal lead to draw 3-3 with Feyenoord in the Champions League on Tuesday after another calamitous performance from Pep Guardiola's stuttering side who have suffered an alarming slump in form. Erling Haaland scored either side of an Ilkay Gundogan strike for the hosts, who looked poised for victory aftera five-game losing streak in all competitions. But defensive blunders in the dying minutes allowed Anis Hadj Moussa, Santiago Gimenez and David Hancko to score as City dropped to 15th in the Champions League table on eight points. "We lost a lot of games lately, we're fragile and of course we needed a victory," Guardiola said as his side threw away the lead, with the English champions having been trounced 4-0 at home by Tottenham Hotspur in the Premier League on Saturday. "I don't know if it's mental. The first goal cannot happen and the second as well. After that we forget what happened, we were desperate to win and do well, we do well but don't win games." City have conceded two or more goals in six successive matches in all competitions for the first time since 1963 - a season that saw them relegated from the English top flight. They are also the first team in Champions League history to lead by three goals as late as the 75th minute but fail to win. "Difficult," said City defender Nathan Ake. "We played quite well, all under control, then things changed. We have to stay strong mentally, believe in ourselves, and stay together ... and make sure we get out of it. "The only thing we can do is fight back and stay strong ... When you're three-nil up, it feels like a defeat when you give up three goals at home." City parked in the visitors' end for much of the night and following several near misses in the first half, Haaland got the hosts on the scoresheet in the 45th by striking a blistering penalty kick past Timon Wellenreuther after he was fouled. TURNAROUND Gundogan doubled the lead in the 50th minute with a deflected low long-range shot before Haaland scored again three minutes later when he slid in to stab home a Matheus Nunes cross for his 46th goal in Europe's elite club competition. At that stage, it was all smiles among the Etihad crowd. Yet astonishingly, Feyenoord replied with three goals inside 15 minutes, first from Hadj Moussa, who pounced on a careless ball back from Josko Gvardiol in the 75th minute. Then Gimenez struck seven minutes later when he chested in Jordan Lotomba's cross, created from another wayward Gvardiol pass that had a furious Guardiola with his head in his hands for several minutes and Gvardiol tugging his shirt over his face. Hancko equalised in the 89th when keeper Ederson was beaten by Igor Paixao who sent over a cross for Hancko to head in. "It was an unbelievable evening," said Feyenoord boss Brian Priske. "To be 3-0 down around 75 minutes away from home and against the best team in the world and then to be able to pick up a really important point for us - an unbelievable result." City's Jack Grealish narrowly missed scoring a late winner but his deflected strike grazed the crossbar. The home fans booed their side after the final whistle. What could have been a massive confidence boost for Guardiola's struggling team now raises more questions ahead of their toughest test of the season yet, a clash with Premier League-leading Liverpool at Anfield on Sunday. Defeat would leave City 11 points adrift of the Reds. Feyenoord, who are fourth in the Eredivisie, are 20th in the Champions League standings with seven points and among the playoff places with three games remaining in the first phase.Target (NYSE:TGT) Cut to Hold at Deutsche Bank Aktiengesellschaft
No. 9 Kentucky, focused on getting better, welcomes Jackson St.
GLOBALISATION AND IDENTITY: Australian scholar advocates unified, inclusive path forwardWEST PALM BEACH, Fla. (AP) — President-elect Donald Trump on Saturday threatened 100% tariffs against a bloc of nine nations if they act to undermine the U.S. dollar. His threat was directed at countries in the so-called BRIC alliance, which consists of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran and the United Arab Emirates. Turkey, Azerbaijan and Malaysia have applied to become members and several other countries have expressed interest in joining. While the U.S. dollar is by far the most-used currency in global business and has survived past challenges to its preeminence, members of the alliance and other developing nations say they are fed up with America’s dominance of the global financial system . The dollar represents roughly 58% of the world’s foreign exchange reserves, according to the IMF and major commodities like oil are still primarily bought and sold using dollars. The dollar's dominance is threatened, however, with BRICS' growing share of GDP and the alliance's intent to trade in non-dollar currencies — a process known as de-dollarization. Trump, in a Truth Social post, said: “We require a commitment from these Countries that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty U.S. Dollar or, they will face 100% Tariffs, and should expect to say goodbye to selling into the wonderful U.S. Economy." At a summit of BRIC nations in October, Russian President Vladimir Putin accused the U.S. of “weaponizing” the dollar and described it as a “big mistake.” “It’s not us who refuse to use the dollar,” Putin said at the time. “But if they don’t let us work, what can we do? We are forced to search for alternatives.” Russia has specifically pushed for the creation of a new payment system that would offer an alternative to the global bank messaging network, SWIFT, and allow Moscow to dodge Western sanctions and trade with partners. Trump said there is "no chance" BRIC will replace the U.S. dollar in global trade and any country that tries to make that happen "should wave goodbye to America.” Research shows that the U.S. dollar's role as the primary global reserve currency is not threatened in the near future. An Atlantic Council model that assesses the dollar’s place as the primary global reserve currency states the dollar is “secure in the near and medium term” and continues to dominate other currencies. Trump's latest tariff threat comes after he threatened to slap 25% tariffs on everything imported from Mexico and Canada, and an additional 10% tax on goods from China, as a way to force the countries to do more to halt the flow of illegal immigration and drugs into the U.S. He has since held a call with Mexican President Claudia Sheinbaum, who said Thursday she is confident that a tariff war with the United States can be averted. Canadian Prime Minister Justin Trudeau returned home Saturday after meeting Trump, without assurances the president-elect will back away from threatened tariffs on Canada.Clippers’ Amir Coffey finding himself in spotlight more often