China’s Xi speaks with Trump by phone, discusses Taiwan and bilateral ties

Tegna's stock price fell by 5% following criticism from former President Donald Trump regarding the lifting of local TV ownership caps. Trump's remarks have raised concerns about potential impacts on media ownership and competition in the broadcasting sector.

Health insurers saw a rise in stock prices following reports that former President Donald Trump is considering extending subsidies under the Affordable Care Act (ACA). This potential extension comes as subsidies are set to expire soon, which has raised concerns about rising health insurance premiums.

Lithuania's Foreign Minister Kestutis Budrys emphasized the need for Europe to progress on the issue of frozen Russian assets, following discussions on a potential deal involving these assets by the Trump administration. This comes amid ongoing tensions between Ukraine and Russia, with the U.S. proposing joint investment funds that include these frozen assets.

Former President Donald Trump is now facing significant political challenges due to rising prices, which are impacting public sentiment and his approval ratings. As affordability becomes a central issue, Trump must navigate the consequences of economic dissatisfaction among Americans.

President Trump highlighted Walmart's promotion of lower grocery prices as evidence of his administration's success in reducing the cost of living ahead of Thanksgiving. However, economists caution that holiday food prices are unpredictable and largely depend on consumer shopping behavior.

The European Union (EU) and the African Union are commemorating 25 years of diplomatic relations with a summit in Angola aimed at enhancing economic cooperation between the two regions. This initiative comes as the EU seeks to strengthen its trade ties with Africa amidst growing competition from China and the United States.

Valeo's chief has issued a warning regarding potential job losses in Europe due to intense competition, which he describes as 'Darwinian.' The company, along with others in the automotive sector, is urging Brussels to implement protective measures against Chinese competitors that threaten their market position.

Former President Donald Trump announced that a health-care plan addressing the anticipated rise in health insurance premiums will be revealed this week, aiming for a resolution by January 30. This announcement comes as subsidies are set to expire at the end of 2025, potentially impacting many Americans' access to affordable healthcare.