Canadian Prime Minister Mark Carney has scrapped a proposed capital gains tax hike to boost investment and support small businesses. This decision reverses a major element of the 2024 federal budget. The government will still increase the lifetime capital gains exemption limit to $1.25 million, benefiting small business owners, farmers, and fishers.
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Israeli opposition leader Yair Lapid has accused prime minister Benjamin Netanyahu's government of resisting a state investigation into Hamas’s October 7, 2023, attack. A court-ordered cabinet meeting on the issue ended without a decision. Lapid insists an inquiry is necessary to prevent future attacks, while Netanyahu’s government argues that a probe should wait until the war ends. A proposed commission was rejected by lawmakers last month.
US entrepreneurs are seizing an opportunity to make profits by selling phones preloaded with TikTok for high prices, following the app's temporary unavailability in the US. Although TikTok cannot be downloaded from app stores, existing users are not affected by the ban.
​Greenland’s prime minister, Múte Egede, reacted to President-elect Donald Trump's ambition to buy Greenland and said that the country is not for sale and never will be. “Greenland is ours. We are not for sale and will never be for sale. We must not lose our long struggle for freedom,†Múte Egede, said in a written comment.
Three lawyers representing the late Russian opposition leader Alexei Navalny were sentenced to prison for alleged involvement in an extremist organisation. They faced accusations of facilitating Navalny's communication from prison. The case sparked international condemnation, with calls for the release of political prisoners in Russia.
A portrait of Donald Trump, commissioned by the Kremlin and gifted by Vladimir Putin, depicts the former president's resilience after a failed assassination attempt. Artist Nikas Safronov aimed to capture Trump's bravery, highlighting his connection with America. Putin believed the portrait would improve relations between Russia and the United States.
Wildfires in Los Angeles have caused the loss of at least five lives and displaced thousands. Over 1,000 buildings were destroyed, affecting affluent neighborhoods like Pacific Palisades and Calabasas. The fires have consumed over 42 square miles, making them one of LA's most destructive. Strong winds and dry conditions are worsening the situation.
Vivek Ramaswamy, a former Republican presidential candidate, is reportedly planning to run for Ohio governor. Currently collaborating with Elon Musk on government efficiency, he aims to streamline the upcoming Trump administration. Ramaswamy will announce his gubernatorial candidacy after Ohio Governor Mike DeWine names JD Vance's Senate replacement. Lieutenant Governor Jon Husted has been appointed for the Senate role.
Thailand has introduced free public transport in Bangkok for a week to tackle severe air pollution. Over 350 schools were closed due to hazardous PM2.5 levels. The government also banned crop stubble burning and implemented work-from-home schemes to improve the city's air quality.
A light aircraft under US military contract crashed in Maguindanao del Sur, Philippines, killing all four foreign passengers. The crash scene provided limited details, and identities remain unknown. Local authorities are investigating the incident, which also resulted in a severely injured water buffalo.
The UAE has sent its 23rd relief plane to Lebanon as part of the "UAE stands with Lebanon" campaign, delivering 35 tonnes of medical supplies, including essential devices and equipment for hospitals. This continued support, initiated by President Sheikh Mohamed bin Zayed, aims to alleviate Lebanon's healthcare and economic crises. The UAE remains committed to providing aid to Lebanon and other nations facing crises.