ibt-mailDec 23, 2024, 10:12 AM

Trump Threatens To Reclaim Panama Canal Over Shipping Fees

Newsletter Dec 23, 2024 Quick Six Trump threatens to reclaim Panama Canal over shipping fees President-elect Donald Trump slammed what he called unfair fees for US ships passing through the Panama

Newsletter Dec 23, 2024

Quick Six

Trump threatens to reclaim Panama Canal over shipping fees
President-elect Donald Trump slammed what he called unfair fees for US ships passing through the Panama Canal and threatened to retake control of the waterway. Trump also hinted at China's growing influence around the canal, a worrying trend for American interests as US businesses depend on the channel to move goods between the Atlantic and Pacific oceans. The canal, which was built by the US in 1914, was returned to Panama in 1999 under a deal signed by Democratic president Jimmy Carter.
SEE HOW MUCH THE US IS PAYING TO USE PANAMA CANAL

About 3 million Americans see Social Security benefit boost
The Senate voted to boost Social Security benefits for nearly 3 million Americans by repealing two provisions that reduce or eliminate retirement benefits for public service workers like teachers, firefighters and police officers who receive pensions. The Social Security Fairness Act was passed by a 76-20 vote that included all of the chamber's Democrats and 27 Republicans. The House passed the measure earlier this month in a 327-75 vote.
WHO QUALIFIES FOR MORE BENEFITS UNDER NEW LAW?

Stellantis reverses decision to cut 1,100 jobs at Jeep plant
Stellantis is reversing a decision to lay off 1,100 workers at its US Jeep plant in Ohio, following the ouster of embattled CEO Carlos Tavares. The automaker had announced the job cuts at the plant in Toledo, Ohio in early November, saying it was part of an effort to "regain its competitive edge" amid struggles with falling sales. Stellantis, a 14-brand group that includes Chrysler, Peugeot and Fiat, had planned to trim jobs at the Toledo South Assembly Plant.
SEE STELLANTIS' NEW STRATEGY FOR AMERICAN MARKET

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Nasdaq Composite	19,572.60	1.03%
Japan: Nikkei 225	38,921.52	0.57%
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* As of market close

Manchin takes parting shot at 'toxic' Dems

Senator Joe Manchin, a fixture in West Virginia politics for over 40 years and a divisive national figure for nearly 15 years, is leaving public office while denouncing the Democratic Party as "toxic." A lifelong Democrat, Manchin became known for his willingness to cross party lines, prompting his recent switch of party affiliation to independent. Citing frustration with both major political parties' focus on ideological extremes, Manchin has been critical of Democrats for veering too far left and Republicans for lacking common sense on key issues.

HOW MANCHIN PLAYED A PIVOTAL ROLE IN MODERN POLITICS

Germans express anger over market attack

The German government faced growing questions about whether more could have been done to prevent the Christmas market car-ramming attack that killed five people and injured over 200. The Saudi suspect, 50-year-old psychiatrist and anti-Islam activist Taleb al-Abdulmohsen, had made online death threats against German citizens and had a history of conflict with state authorities. A report said the Saudi secret service had warned Germany's spy agency BND a year ago about a tweet in which Abdulmohsen threatened Germany would pay a "price."

WATCH VIDEO OF ATTACK AFTERMATH, SUSPECT'S ARREST

Trump taps TV's Burnett for UK envoy post

"You're hired!" President-elect Donald Trump appointed Mark Burnett, the executive producer of "The Apprentice," the long running reality show that made Trump a TV star, as special envoy to the United Kingdom. Burnett, who was born in the UK, has been credited with Trump's image as a savvy developer and entrepreneur with the signature line, "You're fired!" Burnett's legendary TV career includes hits like "Survivor," "Shark Tank," "The Voice" and "The Apprentice."

SEE HOW BURNETT HELPED LAUNCH TRUMP'S GLOBAL BRAND

Extra point

What was the name of executive producer Mark Burnett's first TV series that is credited (or blamed) for the birth of reality television?

Friday's answer: According to US data, Hawaii has the highest life expectancy at 80.7 years, while Mississippi has the lowest at 71.9.

In partnership with XTL US INC.

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