Daraz Sri Lanka has announced the exciting 12.12 Grand Christmas Sale, where consumers get even more reasons to celebrate with unbeatable savings, exclusive offers, and unmatched convenience. With discounts, flash sales of up to 80% off, and free delivery across multiple categories, Daraz shoppers can end the year on a high note with the sweetest deals. From 12 to 18 December, consumers can find the perfect Christmas gifts for their loved ones and stock up on other essentials for the festive season while enjoying free delivery. With an incredible line-up of offers and products, exclusive vouchers worth Rs. 50 million, and free delivery on countless items, the shopping experience is set to be extraordinary. In addition, Daraz has collaborated with several leading financial institutions to bring the best value with exclusive bank discounts and flexible payment methods such as Buy Now Pay Later (BNPL) through Koko, and cash on delivery (COD). Shoppers can expect significant savings across several popular categories, including electronics, fashion, health and beauty, and mother and baby. The variety and depth of discounts this year reflect Daraz’s commitment to providing a truly satisfying, seamless shopping experience that delivers both festive treats and year-round essentials. With Christmas and the New Year around the corner, Daraz’s 12.12 sale is a celebration of convenience and choice, offering the perfect opportunity for anyone to stock up on essentials, gifts, and even upgrades. Plus, Daraz’s very popular and highly effective flash sales promise an engaging experience with limited-time deep discounts on high-demand products. Beyond providing value to consumers, the 12.12 Grand Christmas Sale also places a special focus on local sellers and entrepreneurs. The campaign offers businesses of all sizes a world-class platform and unmatched reach to drive year-end sales, create new income opportunities, and boost visibility. Leveraging Daraz’s affiliate marketing initiatives and advanced promotional tools like Daraz Marketing Solutions, local sellers can reach the broadest audience possible this holiday season. Daraz Sri Lanka Managing Director Ehsan Saya said: “As we come to the end of another year, we are excited to bring our customers the 12.12 Grand Christmas Sale, which combines great deals with the joy of festive shopping. Our goal is to create a win-win scenario where customers can access the best prices and offers, while sellers have the opportunity to maximise sales. This campaign embodies our commitment to making e-commerce an integral part of life in Sri Lanka.” The success of Daraz’s recent 11.11 Sale provided a clear snapshot of Sri Lanka’s evolving consumer preferences. More shoppers are embracing online platforms for their convenience, variety, and value than ever before. This shift reflects a growing trust in e-commerce, driven largely by Daraz’s deep understanding on local consumer needs and ability to deliver high-quality products at ultra-competitive prices, coupled with a seamless, hassle-free shopping experience which includes free and easy returns.
Inflation has been one of the top concerns for the US economy in 2024. And it looks like fears over sticky prices will continue in 2025. "We expect a gradual deceleration from where we are, but to levels that are still uncomfortably high for the Fed," Deutsche Bank chief economist Matthew Luzzetti told Yahoo Finance in an interview. So far this year, inflation has moderated but remains stubbornly above the Federal Reserve's 2% target on an annual basis, pressured by hotter-than-expected readings on monthly "core" price increases, which strip out volatile food and energy costs. In November, the core Personal Consumption Expenditures (PCE) index and the core Consumer Price Index (CPI), both closely tracked by the central bank, rose 2.8% and 3.3%, respectively, over the prior-year period. "Inflation is primarily going to be driven by the services side of the economy," Luzzetti said, calling out core services like healthcare, insurance, and even airfares. "Shelter inflation is also still high, and although it'll come down over the next year, it's likely that it could remain somewhat elevated." According to updated economic forecasts from the Fed's Summary of Economic Projections (SEP), the central bank sees core inflation hitting 2.5% next year, higher than its previous projection of 2.2%, before cooling to 2.2% in 2026 and 2.0% in 2027. This largely aligns with Wall Street's current projections. Out of the 58 economists surveyed by Bloomberg, the majority see core PCE moderating to 2.5% in 2025 but they do expect less of a deceleration in 2026, with the bulk of economists anticipating a higher 2.4% reading compared to the Fed. "The risks are certainly tilted in the direction of higher inflation," Nancy Vanden Houten, lead US economist at Oxford Economics, told Yahoo Finance. "A lot of the risk comes from the possibility of certain policies being implemented under the Trump administration on tariffs and on immigration." President-elect Donald Trump's proposed policies, such as high tariffs on imported goods, tax cuts for corporations, and curbs on immigration, are considered potentially inflationary by economists. Those policies could further complicate the Federal Reserve's path forward for interest rates. In a press conference following the Federal Reserve's last interest rate decision of the year, Federal Reserve Chair Jerome Powell said the central bank expects "significant policy changes" but cautioned that the extent of policy adjustments remains uncertain. "We need to see what they are and what effects they have," he told reporters at the time, adding the Fed is "thinking about these questions" and will have "a much clearer picture" once policies are implemented. For some, the picture is already clearer than not. Nobel Prize-winning economist and Columbia University professor Joseph Stiglitz said at Yahoo Finance's annual Invest conference last month that the US economy has achieved a soft landing, in which prices stabilize and unemployment remains low. "But that ends Jan. 20," he warned, referring to Inauguration Day. Tariffs have been one of the most talked-about promises of Trump's campaign. The president-elect has pledged to impose blanket tariffs of at least 10% on all trading partners, including a 60% tariff on Chinese imports. "It will be inflationary," Stiglitz said. "And then you start thinking of the inflationary spiral, the prices go up. Workers will want more wages. And then you start thinking of what happens if others retaliate [with their own duties]." Stiglitz believes Powell will raise interest rates if inflation pressures persist. "You combine the higher interest rates and the retaliation from other countries, you're going to get a global slowdown," he said. "Then you have the worst of all possible worlds: inflation and stagnation, or slow growth." BNP Paribas issued a grim 2025 outlook, expecting the Fed to pause its easing cycle next year amid a "substantial rise in inflation from late 2025 into 2026" due to the rollout of tariffs. The firm sees CPI settling at 2.9% by the end of next year before climbing to 3.9% by the end of 2026. Meanwhile, Minneapolis Fed president Neel Kashkari categorized a possible retaliation by other countries as a "tit-for-tat" trade war , which would keep inflation elevated over the long term. Investors are starting to take notice of the risk. In the latest Global Fund Manager Survey from Bank of America released earlier this month, expectations of a "no landing" scenario, in which the economy continues to grow but inflation pressures persist, hit an eight-month high. In the United States, Congress typically sets tariffs, but the president has the authority to impose certain ones under special circumstances , and Trump has vowed to do so. It remains unclear which policies will be a priority once Trump takes office or if he'll fully commit to the promises he's already made. "Our baseline is that we do get tariffs next year, but they start relatively low and targeted," Luzzetti said, projecting a 20% cumulative rise in tariffs on China, in addition to more targeted levies on Europe. "Things like the universal baseline tariff, which is this across-the-board tariff rate that Trump has threatened, we don't think that that gets implemented," he said. Still, the economist believes that whatever tariffs Trump does choose to implement will lead to higher inflation over time. He's baked in zero interest rate cuts from the Federal Reserve next year for that reason. "Our view is that inflation does not come below 2.5% next year and that the Fed would not be comfortable with that, and therefore would not keep cutting rates," he said. "But also we have an expectation that the economy will remain quite resilient." And the US economy has been resilient throughout the course of 2024. Retail sales once again topped estimates for the month of November, GDP remains strong and above trend, the unemployment rate continues to hover at around 4% , and despite future uncertainty and its bumpy path down to 2% , inflation has moderated. "There's just a good amount of tailwinds to an economy that is already receiving solid growth momentum, and the Fed has just undertaken 100 basis points of rate cuts this year," Luzzetti said. "All that, we think, sets a pretty solid floor under growth over the next year." Alexandra Canal is a Senior Reporter at Yahoo Finance. Follow her on X @allie_canal , LinkedIn, and email her at alexandra.canal@yahoofinance.com. 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WEST PALM BEACH, Fla. – President-elect Donald Trump said Saturday that he wants real estate developer Charles Kushner , father of Trump’s son-in-law Jared Kushner, to serve as ambassador to France. Trump made the announcement in a Truth Social post, calling Charles Kushner “a tremendous business leader, philanthropist, & dealmaker." Recommended Videos Kushner is the founder of Kushner Companies, a real estate firm. Jared Kushner is a former senior Trump adviser who is married to Trump’s eldest daughter, Ivanka. The elder Kushner was pardoned by Trump in December 2020 after pleading guilty years earlier to tax evasion and making illegal campaign donations. Prosecutors alleged that after Charles Kushner discovered his brother-in-law was cooperating with federal authorities in an investigation, he hatched a scheme for revenge and intimidation. Kushner hired a prostitute to lure his brother-in-law, then arranged to have the encounter in a New Jersey motel room recorded with a hidden camera and the recording sent to his own sister, the man’s wife, prosecutors said. Kushner eventually pleaded guilty to 18 counts including tax evasion and witness tampering. He was sentenced in 2005 to two years in prison — the most he could receive under a plea deal, but less than what Chris Christie, the U.S. attorney for New Jersey at the time and later governor and Republican presidential candidate, had sought. Christie has blamed Jared Kushner for his firing from Trump’s transition team in 2016, and has called Charles Kushner’s offenses “one of the most loathsome, disgusting crimes that I prosecuted when I was U.S. attorney.” Trump and the elder Kushner knew each other from real estate circles and their children were married in 2009. ___ Tucker reported from Newtown, Pennsylvania.49ers look to maintain 'urgency' against rival RamsFILE PHOTO: General view of the 12 stadiums set to host the 2025 Club World Cup Aug 9, 2024; Miami Gardens, Florida, USA Nathan Ray Seebeck-USA TODAY Sports/File Photo Following are the 32 teams that have qualified for the expanded 2025 Club World Cup to be held in the United States from June 15 to July 13. Apart from the winners of each confederation's premier club competitions, teams also qualified based on their ranking that was calculated based on their performances over a four-year period. UEFA (12 TEAMS) Chelsea: 2020-21 Champions League winners Real Madrid: 2021-22 and 2023-24 Champions League winners Manchester City: 2022-23 Champions League winners Bayern Munich: Ranking pathway Inter Milan: Ranking pathway Paris St Germain: Ranking pathway Porto: Ranking pathway Benfica: Ranking pathway Borussia Dortmund: Ranking pathway Juventus: Ranking pathway Atletico Madrid: Ranking pathway Red Bull Salzburg: Ranking pathway CONCACAF (ONE HOST + FOUR TEAMS) Inter Miami: 2024 MLS Supporters' Shield winners Monterrey: 2021 CONCACAF Champions League winners Seattle Sounders: 2022 CONCACAF Champions League winners Leon: 2023 CONCACAF Champions League winners Pachuca: 2024 CONCACAF Champions Cup winners CONMEBOL (SIX TEAMS) Palmeiras: 2021 Copa Libertadores winners Flamengo: 2022 Copa Libertadores winners Fluminense: 2023 Copa Libertadores winners Botafogo: 2024 Copa Libertadores winners River Plate: Ranking pathway Boca Juniors: Ranking pathway AFC (FOUR TEAMS) Al-Hilal: 2021 Champions League winners Urawa Red Diamonds: 2022 Champions League winners Al Ain: 2023–24 Champions League winners Ulsan HD: Ranking pathway CAF (FOUR TEAMS) Al Ahly: 2020–21, 2022–23 and 2023–24 Champions League winners Wydad AC: 2021–22 Champions League winners Esperance: Ranking pathway Mamelodi Sundowns: Ranking pathway OFC (ONE TEAM) Auckland City: 2022, 2023 and 2024 Champions League winners REUTERS Join ST's Telegram channel and get the latest breaking news delivered to you. Read 3 articles and stand to win rewards Spin the wheel now
Skier/snowboarder Ester Ledecka has 2 Olympic races on same day in 2026, hoping for schedule change1 2 Nagpur: Amidst the outrage sweeping India over arrests of Hindu monks in Bangladesh and Sangh's appeal to the Narendra Modi govt to take decisive action to stop atrocities on Hindus in the neighbouring country, TOI accessed the October 31 midnight complaint filed by a 49-year-old Bangladeshi man, Mohd Feroze Khan, at Chittagong's Kotwali CMP police station, that led to the arrest of Iskcon priest Chimnoy Krishna Das. The two-page complaint does not carry a detailed description of the alleged crime or any eyewitness account. It simply states the accused conspired to commit treason, and this was enough for the Bangladesh govt to invoke the draconian law. The report in Bengali also mentions that Khan gathered details on the accused, which include Das and 18 others, only from the people around him and secured their photographs and other credentials on social media. There was no mention of Khan directly identifying any one of them. RSS sarkyavaha (general secretary) Dattatreya Hosabale, the second-in-command in the organisation, on Saturday appealed to the Narendra Modi govt to take steps to stop atrocities against Hindus in Bangladesh and garner international support. "India should continue to prevent the ongoing atrocities against Hindus and other religious minorities," he said. Calling Das' arrest unfair, Hosabale called for his immediate release by the Bangladesh govt. Hosable said, "Atrocities committed against Hindus and other religious minorities in Bangladesh by Islamic extremists, including attacks, killings, looting, arson, and inhumane persecution of women, are alarming. RSS calls upon the Bangladesh govt to immediately stop atrocities on Hindus and release the Chinmoy Krishna Das. Out of helplessness due to killings, loot, and attacks by Islamic extremists, Hindus raised their voice peacefully. To suppress their voice, a new phase of injustice and oppression has emerged. Instead of taking appropriate steps to stop the crime against minorities, the Bangladesh govt has remained a mute spectator." At this juncture, Bharat, the global community, and international institutions must stand with the victims of Bangladesh and express solidarity. It is necessary to demand the respective govts to take possible steps in this regard, which may be necessary for global peace and fraternity," reads the statement by Hosabale posted on RSS' Vishwa Samvad Kendra Bharat (VSK) portal. The continuing persecution of Hindus in Bangladesh can be gauged from the October 31 complaint in a Chittagong police station. Translated by TOI, it only has a general description of the scene and a one-liner that Das and other accused instigated people to hoist the saffron religious banner above the Bangladeshi national flag at Zero Point, New Market. "This was an act of sedition that created anarchy and divisive sentiments in the country," says the complaint. Khan, who has named Das as accused number 1, mentions his full name — Chandan Kumar Dhar Chinmoy Krishna Das Brahmachari, aged 38. He further writes "unknown" against the father's name. Khan says it took time to file the report because he was gathering information about the accused from the people around him. He later secured their photographs and addresses through social media. The incident took place on October 25, and the report was filed on the 31st. Legal analysts question how such a frivolous, half-baked complaint can be the basis of a sedition case or stand in the court of law. Dr Subodh Biswas, president of Nikhil Bharat Samanvay Samiti, an organisation of refugees from erstwhile East Pakistan who went through the report calls it a vague description and a conspiracy to frame Das. He said the existence of Hindus is in crisis in Bangladesh and "an independent homeland should be created in Hindu-majority districts to save them from genocide".
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New Delhi, Dec 28 (PTI) Delhi Chief Minister on Saturday lauded the growing involvement of parents in their children's education, saying "It's encouraging to see parents actively engaging." The Delhi Government organised 'Mega Parents-Teacher Meetings' (Mega PTMs) across all 1,500 governmnet schools. Despite rain, the event witnessed significant parent participation, a statement issued here said. Also Read | Why Is There Controversy Over Dr Manmohan Singh's Cremation at Nigambodh Ghat Instead of Raj Ghat? Where Deceased Prime Ministers of India Have Been Laid to Rest in the Past?. The chief minister visited Sarvodaya Co-ed School in Kalkaji, highlighting the increased confidence among students in Delhi Government schools with many now fluent in English. "Parents are thrilled that the quality of education once limited to top private schools is now available in Delhi Government schools," she said. Also Read | Bank of Baroda Recruitment 2025: Applications Open for 1267 Specialist Officer Posts at bankofbaroda.in, Know Pay Scale, Selection Process and Steps to Apply. Atishi also praised the rising awareness among parents emphasising that collaboration between teachers and parents plays a key role in children's progress, the statement said. Parents attending the PTM expressed their satisfaction with improvements in education and infrastructure in Delhi Government schools, it said. Parent of a Class 10 student said, "Teachers go above and beyond, even helping children after regular school hours." AAP National Convenor Arvind Kejriwal, who also attended the Mega PTM, interacted with parents and students and stressed on the importance of parental involvement. "When parents are engaged, children perform better," he said. Students also shared their aspirations with Kejriwal. A Class 12 student, Aashna, who wants to pursue an information technology course, expressed an interest in a career in the stock markets. Aashna's mother said once hesitant in mentioning that their children attended government schools they now take pride in the education their children are receiving. Manish Sisodia, senior AAP leader wrote about the event in a post on X, saying, "The changes happening in education are not just about buildings but also about touching hearts and dreams." (This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)