International

Trump accepts Biden’s invite for lunch at White House

US president-elect Donald Trump is to head to the White House "very shortly" for incumbent President Joe Biden's lunch invite; the two are to meet for transition talks as Trump intensifies border plans and secures positions for his cabinet

The two are to meet soon for transition talks. — FILE/THE THURSDAY TIMES

Republicans close in on House majority

Republicans near House majority as remaining results are tallied; Senate looks set to support Trump’s policy aims, with crucial battlegrounds in Arizona and Nevada.

Republicans edge toward majority as Democrats strive for last-minute wins. — Anna Moneymaker/Getty Images
Talabat's IPO signals Dubai’s retail tech boom. — Gabriel BOUYS / AFP
Trump picks trusted allies for top roles, Wiles leads. — Evan Vucci-Pool/Getty Images

GCC banks cut rates in sync with Fed

Banks across the GCC — including in Saudi Arabia, Qatar, Bahrain, and the UAE — have mirrored the US Federal Reserve's rate cut, with interest rate reductions aiming to bolster credit-driven growth in the Gulf.

GCC follows Fed rate cuts, reinforcing the Gulf's economic resilience. — FILE
The UAE Central Bank lowers its base rate in step with the Fed’s move, focusing on market stability amidst global economic shifts. — WAM
Tesla and U.S. banks surge while renewables face fallout amid shifting policies after Trump’s election victory. — AP

Putin backs Trump presidency, open to U.S. reset

Russian president Vladimir Putin has lauded U.S. president-elect Donald Trump’s resilience during an assassination attempt, and signalled Moscow’s readiness for renewed U.S.-Russia dialogue, with cautious optimism on Ukraine.

Putin applauds Trump’s courage, hints at revived U.S.-Russia talks. — SPUTNIK
Biden calls for unity, trust in America’s electoral process. — Andrew Harnik/Getty Images
Qatar reshapes its governance for stability and unity. — POOL/AFP