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London house fire spreads to neighbouring propertyRipple (XRP) and RXS Coin Price to Rocket Past $5 as Big Investors Increase Holdings: Here’s The TimelineMourners laid flowers near the scene of the deadly Christmas market attack on Monday, as investigators puzzled over the motive of the suspect and his previous encounters with authorities were scrutinised. The Johanniskirche, a church a short walk from the scene of the attack, has become a place of mourning since the suspect drove a car into the busy market on Friday evening killing five people. A carpet of flowers now covers the broad pavement in front of the church. The number of injured has risen to as many as 235. The suspect, identified as Taleb al-Abdulmohsen by German media, is a 50-year-old psychiatrist from Saudi Arabia. He is said to have a history of anti-Islamic rhetoric and to have sympathy with the far-right Alternative for Germany (AfD) party. He left video messages on his X (Twitter) account on the day of the attack. In rambling commentary, he variously blamed Germany’s supposed liberalism for the death of Socrates, an ancient Greek philosopher, and accused police of stealing a USB stick from him and destroying a criminal complaint he had filed. German newspaper said he had undergone psychological treatment. At a gathering organised by AfD outside Magdeburg’s cathedral on Monday, co-leader of the political party Alice Weidel described the attack as “an act of an Islamist full of hatred for what constitutes human cohesion ... for us Germans, for us Christians”. AfD is polling in second place nationwide and is particularly strong in eastern Germany, where Magdeburg is located. Holger Munch, president of the country’s federal criminal police office, told the German broadcaster ZDF that Germany had been warned about the suspect by Saudi Arabia as far back as 2023, and that German authorities had investigated it but found it to be vague. “The man also published a huge number of posts on the internet. He also had various contacts with the authorities, made insults and even threats. But he was not known for acts of violence,” Mr Munch said. Federal interior minister Nancy Faeser called for the adoption of tougher internal security laws, including a new act to strengthen police forces, as well as the introduction of biometric surveillance. “It is clear that we must do everything to protect the people of Germany from such horrific acts of violence. To do this, our security authorities need all the necessary powers and more personnel,” she told news website . Vice-chancellor Robert Habeck voiced fears that the attack will fuel online misinformation before a snap national election that is expected to be held in late February. He urged people not to be “infected by hatred”. “There is still a lot we don’t know, and a lot is unexplained, including the exact motive,” Mr Habeck said. “All the same, I fear that the distrust that was immediately propagated on the net against Muslims, foreigners and people with a history of immigration will entrench itself deeper in society.” Taha al-Hajji, a Saudi lawyer in exile and the legal director of the Berlin-based European-Saudi Organisation for Human Rights, said that most Saudi opposition activists in Germany did not have a good relationship with the suspect. “He made problems with everyone always ... He was really isolated,” said Mr al-Hajji. “He felt that he was the only one right, and people were wrong; he felt he was the centre of everything, he was important. He always had problems with everyone.” The local prosecutor in Magdeburg, Horst Nopens, said on Sunday that a possible factor in the attack may have been the suspect’s “dissatisfaction with the treatment of Saudi refugees in Germany”, but added that the motive remained unclear.

By JOSH BOAK WASHINGTON (AP) — Donald Trump loved to use tariffs on foreign goods during his first presidency. But their impact was barely noticeable in the overall economy, even if their aftershocks were clear in specific industries. The data show they never fully delivered on his promised factory jobs. Nor did they provoke the avalanche of inflation that critics feared. This time, though, his tariff threats might be different . The president-elect is talking about going much bigger — on a potential scale that creates more uncertainty about whether he’ll do what he says and what the consequences could be. “There’s going to be a lot more tariffs, I mean, he’s pretty clear,” said Michael Stumo, the CEO of Coalition for a Prosperous America, a group that has supported import taxes to help domestic manufacturing. The president-elect posted on social media Monday that on his first day in office he would impose 25% tariffs on all goods imported from Mexico and Canada until those countries satisfactorily stop illegal immigration and the flow of illegal drugs such as fentanyl into the United States. Those tariffs could essentially blow up the North American trade pact that Trump’s team negotiated during his initial term. Chinese imports would face additional tariffs of 10% until Beijing cracks down on the production of materials used in making fentanyl, Trump posted. Business groups were quick to warn about rapidly escalating inflation , while Mexican President Claudia Sheinbaum said she would counter the move with tariffs on U.S. products. House Democrats put together legislation to strip a president’s ability to unilaterally apply tariffs this drastic, warning that they would likely lead to higher prices for autos, shoes, housing and groceries. Sheinbaum said Wednesday that her administration is already working up a list of possible retaliatory tariffs “if the situation comes to that.” “The economy department is preparing it,” Sheinbaum said. “If there are tariffs, Mexico would increase tariffs, it is a technical task about what would also benefit Mexico,” she said, suggesting her country would impose targeted import duties on U.S. goods in sensitive areas. House Democrats on Tuesday introduced a bill that would require congressional approval for a president to impose tariffs due to claims of a national emergency, a largely symbolic action given Republicans’ coming control of both the House and Senate. “This legislation would enable Congress to limit this sweeping emergency authority and put in place the necessary Congressional oversight before any president – Democrat or Republican – could indiscriminately raise costs on the American people through tariffs,” said Rep. Suzan DelBene, D-Wash. But for Trump, tariffs are now a tested tool that seems less politically controversial even if the mandate he received in November’s election largely involved restraining inflation. The tariffs he imposed on China in his first term were continued by President Joe Biden, a Democrat who even expanded tariffs and restrictions on the world’s second largest economy. Biden administration officials looked at removing Trump’s tariffs in order to bring down inflationary pressures, only to find they were unlikely to help significantly. Tariffs were “so new and unique that it freaked everybody out in 2017,” said Stumo, but they were ultimately somewhat modest. Trump imposed tariffs on solar panels and washing machines at the start of 2018, moves that might have pushed up prices in those sectors even though they also overlapped with plans to open washing machine plants in Tennessee and South Carolina. His administration also levied tariffs on steel and aluminum, including against allies. He then increased tariffs on China, leading to a trade conflict and a limited 2020 agreement that failed to produce the promised Chinese purchases of U.S. goods. Still, the dispute changed relations with China as more U.S. companies looked for alternative suppliers in other countries. Economic research also found the United States may have sacrificed some of its “soft power” as the Chinese population began to watch fewer American movies. The Federal Reserve kept inflation roughly on target, but factory construction spending never jumped in a way that suggested a lasting gain in manufacturing jobs. Separate economic research found the tariff war with China did nothing economically for the communities hurt by offshoring, but it did help Trump and Republicans in those communities politically. When Trump first became president in 2017, the federal government collected $34.6 billion in customs, duties and fees. That sum more than doubled under Trump to $70.8 billion in 2019, according to Office of Management and Budget records. While that sum might seem meaningful, it was relatively small compared to the overall economy. America’s gross domestic product is now $29.3 trillion, according to the Bureau of Economic Analysis. The total tariffs collected in the United States would equal less than 0.3% of GDP. The new tariffs being floated by Trump now are dramatically larger and there could be far more significant impacts. If Mexico, Canada, and China faced the additional tariffs proposed by Trump on all goods imported to the United States, that could be roughly equal to $266 billion in tax collections, a number that does not assume any disruptions in trade or retaliatory moves by other countries. The cost of those taxes would likely be borne by U.S. families, importers and domestic and foreign companies in the form of higher prices or lower profits. Former Biden administration officials said they worried that companies could piggyback on Trump’s tariffs — if they’re imposed — as a rationale to raise their prices, just as many companies after Russia’s invasion of Ukraine in 2022 boosted food and energy costs and gave several major companies the space to raise prices, according to their own earnings calls with investors. But what Trump didn’t really spell out is what might cause him to back down on tariffs and declare a victory. What he is creating instead with his tariff threats is a sense of uncertainty as companies and countries await the details to figure out what all of this could mean. “We know the key economic policy priorities of the incoming Trump administration, but we don’t know how or when they will be addressed,” said Greg Daco, chief U.S. economist at EY-Parthenon. AP writer Mark Stevenson contributed to this report from Mexico City.B. Metzler seel. Sohn & Co. Holding AG Acquires New Stake in CoStar Group, Inc. (NASDAQ:CSGP)

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How Cirque du Soleil Is Crafting the ‘Dreamlike’ Music Behind New Aquatic Spectacle In Nuevo VallartaSAN DIEGO (AP) — SAN DIEGO (AP) — Genasys Inc. (GNSS) on Monday reported a loss of $11.4 million in its fiscal fourth quarter. The San Diego-based company said it had a loss of 26 cents per share. The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 11 cents per share. The developer of directed sound technologies used by the military and police posted revenue of $6.7 million in the period, which also did not meet Street forecasts. Three analysts surveyed by Zacks expected $9 million. For the year, the company reported a loss of $31.7 million, or 72 cents per share. Revenue was reported as $24 million. This story was generated by Automated Insights ( http://automatedinsights.com/ap ) using data from Zacks Investment Research. Access a Zacks stock report on GNSS at https://www.zacks.com/ap/GNSS

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B. Metzler seel. Sohn & Co. Holding AG Purchases New Position in Axos Financial, Inc. (NYSE:AX)PORT-AU-PRINCE, Haiti — The United Nations raised the death toll of a recent massacre in which dozens of older people and Vodou religious leaders were killed by a gang in Haiti, and called on officials to bring the perpetrators to justice. The U.N. Integrated Office in Haiti said in a report published on Monday that between Dec. 6 and 11 more than 207 people were killed by the Wharf Jeremie gang. The gang took people from their homes and from a place of worship, interrogated them and then executed them with bullets and machetes. Earlier this month, human rights groups in Haiti had estimated that more than 100 people were killed in the massacre, but the new U.N. investigation doubles the number of victims. “We cannot pretend that nothing happened” said María Isabel Salvador, the U.N. secretary-general’s special representative in Haiti. “I call on the Haitian justice system to thoroughly investigate these horrific crimes and arrest and punish the perpetrators, as well as those who support them,” she said in a statement. Human rights groups in Haiti said the massacre began after the son of Micanor Altès, the leader of the Wharf Jeremie gang, died from an illness. The Cooperative for Peace and Development, a human rights group, said that according to information circulating in the community, Altès accused people in the neighborhood of causing his son’s illness. “He decided to cruelly punish all elderly people and (Vodou) practitioners who, in his imagination, would be capable of casting a bad spell on his son,” the group said in a statement released shortly after news of the massacre emerged. In Monday’s report, the United Nations said that people were tracked down in their homes and in a place of worship by Altès’ gang, where they were first interrogated and then taken to an execution site. The United Nations said that the gang tried to erase evidence of the killings by burning bodies, or by dismembering them and throwing them into the sea. The massacre is the latest humanitarian tragedy in Haiti, where gang violence has intensified since the nation’s president was killed in a 2021 coup attempt. Haiti has struggled to organize an election that will fill the power vacuum and restore democratic rule. The Caribbean nation is currently governed by a transitional council that includes representatives from the business community, civil society and political parties, but its government has no control over many areas of the capital city, and gangs are constantly fighting over ports, highways and neighborhoods. According to the United Nations, more than 5,350 people have been killed in Haiti’s gang wars this year. The Haitian government acknowledged the massacre against older people in a statement issued earlier this month, and promised to persecute those responsible for this act of “unspeakable carnage.”

AIT Stock Soars to All-Time High, Reaching $277.05Samajwadi Party (SP) president Akhilesh Yadav has called for elections to be conducted using ballot papers, citing a lack of trust in electronic voting machines (EVMs). The former Uttar Pradesh chief minister said this at a press conference at the SP headquarters here on Sunday, alongside Rahul Kumar Kamboj, an Indian-origin member of Parliament in Germany. ET Year-end Special Reads What kept India's stock market investors on toes in 2024? India's car race: How far EVs went in 2024 Investing in 2025: Six wealth management trends to watch out for "Even a country like Germany conducts elections using ballot papers. But in India, elections are conducted with EVMs to serve vested interests," Yadav said. Emphasising the need for elections that inspire confidence, he said, "No one trusts EVMs. Even the faces of those who win elections seem dejected as they too do not have faith in the system." At the press conference, Kamboj highlighted the benefits of Germany's ballot-paper voting system. "In Germany, voting is still conducted using ballot papers. It is an important system because any discrepancies can be addressed with a recount," he explained. 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We aim to facilitate cultural exchanges and I invite everyone to participate in the upcoming cultural festivals in Germany. Visa issues will no longer be a hurdle," he said. Kamboj also spoke of building a bridge between opportunities in Europe and their implementation in India, specifically in Uttar Pradesh. "If we can identify the opportunities available in Germany and Europe, and bring them to places like Lucknow, it will open new avenues. That is my mission," he added. Welcoming Kamboj, Yadav expressed enthusiasm for strengthening ties. "Your visit has created an opportunity to deepen the relationship between our regions, which will benefit the people of this state and country," he said. Highlighting the need for a stronger future for the next generation, Yadav said, "Our youngsters need better education, training and skills to secure good jobs. Building bridges between opportunities will open pathways to progress." You Might Also Like: 2024: Govt moves ahead with simultaneous polls plan; India holds largest democratic exercise Sharing a personal anecdote, Yadav recounted his government trip to Germany. "I remember visiting Frankfurt and deciding to travel to Hannover by road. The roads in Germany are among the best and that inspired me to replicate them in Uttar Pradesh. Today, when people drive on the Agra-Lucknow Expressway, they feel that it is one of the best roads in the world," he said. Yadav reiterated his commitment to creating opportunities for the younger generation while strengthening ties between India and Germany. (You can now subscribe to our Economic Times WhatsApp channel )

GREENSBORO, N.C. (AP) — A police officer responding to a report of a man with a gun inside a North Carolina supermarket was fatally shot Monday and authorities said a suspect was later taken into custody, authorities say. Police announced the death of Michael Horan, a Greensboro police officer, at an afternoon news conference, saying Horan was responding to a call about an armed person when he was shot before midday at a Food Lion store in Greensboro in the central part of the state. Ramona Miller told WGHP-TV she was shopping with her 6-year-old granddaughter when she heard shots fired. “We were on our way out and I was purchasing a lottery ticket and I was just sitting there and heard a ‘pop-pop’ and then ‘pop-pop-pop.’ I think I heard five shots,” Miller said. “At first I didn’t know it was a shooting ... but an employee yelled out ‘shooting! shooting!’ ” Miller said she and her granddaughter then left the store and police had already arrived. Authorities said Monday afternoon that the circumstances of the shooting remain under investigation and they did not immediately release further specifics of the shooting. The North Carolina State Bureau of Investigation is expected to continue the investigatoin. Horan was hired in 2017 and became a sworn Greensboro Police Department officer in early 2018, Assistant Police Chief Milford J. Harris said. Horan served in the department’s patrol bureau. “He was an excellent officer. He had an outstanding reputation inside the department and in the community,” Harris said. Elsewhere, Gov. Roy Cooper said he had been monitoring the developments. Cooper said on the social media platform X that his officer had sent a “significant” number of to help aid in the emergency response in Greensboro. A heavy police presence was spotted outside the grocery store in Greensboro afterward. The store will remain closed while police continue their investigation, a Food Lion spokesperson said in a statement. The company plans to provide resources to its affected workers. It added that it was directing all questions to local law enforcement and cooperating with authorities. The shooting was another reminder that state lawmakers should strengthen resources and improve safety for law enforcement officers, said Democratic state Sen. Michael Garrett, who represents part of Guilford County where Greensboro is located. “During what should be a time of joy and celebration, another brave officer has been shot in the line of duty. Another family’s holiday season forever changed,” Garrett said in a Facebook statement. The Associated Press