Investors watching for Santa rally in thin pre-Christmas trade

Stock markets steadied Wednesday in thin Christmas Eve trade while gold and silver prices struck fresh highs.Gold climbed above $4,500 for the first time and silver topped $72, as investors looked for safe havens amid US military and economic pressure on Venezuela.Geopolitical worries have grown as Washington continues to put pressure on Caracas with a blockade of sanctioned oil vessels sailing to and from Venezuela.Crude prices drifted higher.Wall Street opened flat, with the S&P steady after a record close the previous night. “There is limited news flow on this Christmas Eve morning to go along with the limited engagement of market participants, who have other holiday pursuits in mind,” said Briefing.com analyst Patrick O’Hare.”Today, however, starts the Santa Claus rally period,” he added, noting “the stock market left an early Christmas present for investors yesterday when the S&P 500 established yet another record closing high”.The last five trading days of the year and the first two trading days of the new year typically have a positive bias.The S&P 500’s fresh all-time high on Tuesday came after figures showed the world’s top economy expanded 4.3 percent in the third quarter, the fastest pace in two years and much quicker than expected.The report provided some reassurance to investors about the economic outlook after a string of increasingly weakening jobs data.However, other figures were less upbeat, with a gauge of consumer spending falling for a fifth successive month to its lowest level since February 2021 owing to worries about jobs.With the economy appearing to be in better shape than expected, investors pared their bets on another Federal Reserve interest rate cut next month.In a holiday-shortened trading session, London finished lower, Paris ended the day flat and Frankfurt was closed.Asian markets swung between gains and losses as traders wound down before Christmas.The yen extended its recent rebound against the dollar after Japan’s Finance Minister Satsuki Katayama suggested authorities were prepared to step in to support the currency, citing speculative moves in markets.South Korea’s won also rallied after the country’s central bank and finance ministry warned against the unit’s excessive weakness.- Key figures at around 1430 GMT – New York – Dow: DOWN less than 0.1 percent at 48,416.49 pointsNew York – S&P 500: FLAT at 6,909.21 New York – Nasdaq Composite: DOWN less than 0.1 percent at 23,552.96London – FTSE 100: DOWN 0.2 percent at 9,865.86 (close)Paris – CAC 40: FLAT at 8,103.58 (close)Frankfurt – DAX: Closed Tokyo – Nikkei 225: DOWN 0.1 percent at 50,344.10 (close)Hong Kong – Hang Seng Index: UP 0.2 percent at 25,818.93 (close)Shanghai – Composite: UP 0.5 percent at 3,940.95 (close)Dollar/yen: DOWN at 155.96 yen from 156.27 yen on TuesdayEuro/dollar: DOWN $1.1784 from $1.1791Pound/dollar: UP at $1.3501 from $1.3499Euro/pound: DOWN at 87.27 pence from 87.34 penceWest Texas Intermediate: UP 0.4 percent at $58.59 per barrelBrent North Sea Crude: UP 0.2 percent at $62.00 per barrelburs-rl/jxb

Régulation de la tech: Washington sanctionne des Européens, l’Europe s’alarme

L’Union européenne a exigé mercredi des “clarifications” et condamné fermement les sanctions “injustifiées” imposées par l’administration Trump à l’ancien commissaire Thierry Breton et quatre autres personnalités européennes engagées pour une stricte régulation de la tech et contre la désinformation.Tous les cinq sont interdits de séjour aux Etats-Unis et accusés de “censure” au détriment des intérêts américains par le département d’Etat.Des mesures “inacceptables” pour Berlin, qui “relèvent de l’intimidation et de la coercition à l’encontre de la souveraineté numérique européenne”, a réagi mercredi sur X le président français Emmanuel Macron.Il est “fondamental pour la démocratie en Europe” de protéger un “espace numérique sûr” a réagi Madrid tout en exprimant sa “solidarité avec l’ancien commissaire européen Thierry Breton et les dirigeants des organisations de la société civile qui luttent contre la désinformation et les discours de haine”.Les Européens n’ont généralement pas besoin de visa pour se rendre aux Etats-Unis, mais doivent toutefois obtenir une autorisation électronique de voyage (ESTA).A Bruxelles, la Commission a indiqué avoir “demandé des clarifications aux autorités américaines”. “Si nécessaire, nous répondrons rapidement et de manière décisive pour défendre notre autonomie réglementaire contre des mesures injustifiées”, a-t-elle protesté dans un communiqué.Le Français Thierry Breton, ancien ministre et artisan de la directive européenne sur les services numériques, a été commissaire au Marché intérieur de 2019 à 2024, avec de larges compétences en particulier sur les dossiers numériques et industriels.Sur X, il a dénoncé un “vent de maccarthysme” aux Etats-Unis, en référence à la chasse aux sorcières anticommuniste menée par le sénateur américain Joseph McCarthy dans les années 1950.”Depuis trop longtemps, les idéologues européens mènent des actions concertées pour contraindre les plateformes américaines à sanctionner les opinions américaines auxquelles ils s’opposent”, a fustigé mardi le chef de la diplomatie américaine, Marco Rubio, sur X. “L’administration Trump ne tolérera plus ces actes flagrants de censure extraterritoriale”, a-t-il ajouté.- L’Europe dans le collimateur -Les quatre autres Européens sanctionnés sont des représentants d’ONG luttant contre la désinformation et la haine en ligne au Royaume-Uni et en Allemagne: Imran Ahmed, qui dirige le Center for Countering Digital Hate (CCDH), Clare Melford, à la tête d’un index de la désinformation (GDI) au Royaume-Uni, ainsi que Anna-Lena von Hodenberg, fondatrice de HateAid, une ONG allemande, et Josephine Ballon, de la même association.Les sanctions américaines “constituent une attaque autoritaire contre la liberté d’expression et un acte flagrant de censure gouvernementale”, a réagi GDI dans un communiqué.”Nous ne nous laisserons pas intimider par un gouvernement qui instrumentalise les accusations de censure pour museler ceux qui défendent les droits humains et la liberté d’expression”, a protesté HateAid à Berlin.Cette organisation allemande offre un soutien psychologique et juridique aux personnes victimes de haine en ligne.Donald Trump mène une offensive d’envergure contre les règles de l’Union européenne sur la tech qui imposent aux plateformes des régulations, jugées par les Etats-Unis comme une atteinte à la liberté d’expression.L’UE dispose, de fait, de l’arsenal juridique le plus puissant au monde pour réguler le numérique.Washington a très mal pris l’amende de 140 millions de dollars infligée par l’UE début décembre à X, le réseau social d’Elon Musk. Depuis son retour au pouvoir, Donald Trump a l’Europe dans le collimateur.Dans sa nouvelle Stratégie de sécurité nationale, qui mentionne un “effacement civilisationnel” de l’Europe, Washington cible pêle-mêle les instances européennes “qui sapent la liberté politique et la souveraineté”, les politiques migratoires ou encore “l’effondrement des taux de natalité” sur le Vieux continent.Dès février dernier, le vice-président américain, JD Vance, avait consterné les Européens lors d’un discours à Munich dans lequel il avait affirmé que la liberté d’expression “reculait” sur le continent, épousant les vues des partis d’extrême droite comme l’AfD, en Allemagne.

Black box recovered from Libyan general’s crashed planeWed, 24 Dec 2025 14:43:53 GMT

Turkish authorities on Wednesday found the cockpit voice recorder and black box from a private jet that crashed killing the head of Libya’s armed forces and his four aides.The Falcon 50 aircraft requested an emergency landing because of electrical failure minutes after it took off from the Turkish capital Ankara on Tuesday, but contact was …

Black box recovered from Libyan general’s crashed planeWed, 24 Dec 2025 14:43:53 GMT Read More »

Black box recovered from Libyan general’s crashed plane

Turkish authorities on Wednesday found the cockpit voice recorder and black box from a private jet that crashed killing the head of Libya’s armed forces and his four aides.The Falcon 50 aircraft requested an emergency landing because of electrical failure minutes after it took off from the Turkish capital Ankara on Tuesday, but contact was lost, Turkish officials said. The plane was returning to Tripoli. The wreckage was located by Turkish security personnel in the Haymana district near Ankara. Interior Minister Ali Yerlikaya told reporters at the crash site that the plane’s voice recorder and the flight data recorder (black box) had been recovered. “The examination and evaluation processes of these devices have been initiated,” he said.Turkey’s Transport Minister Abdulkadir Uraloglu said later on X: “The analysis of the voice recorder and flight data recorder to determine the cause of the aircraft’s crash will be carried out in a neutral country.” The findings would be shared “with our nation and the entire world with full transparency”, he added.- Analysis ‘may take months’-Lieutenant General Mohammed al-Haddad and four other aides were returning to Tripoli after holding talks in Ankara with Turkish military officials. There were eight people aboard the plane including three crew members. Libya’s Prime Minister Abdulhamid Dbeibah expressed “deep sadness and great sorrow” over the death of the army chief. Yerlikaya said the bodies were still at the crash site that covers approximately three square kilometres (one square mile), adding that a 22-member Libyan delegation including five relatives of the deceased had arrived in Ankara. “We pray for God’s mercy upon those who lost their lives in this tragic accident and extend our condolences to their families,” he added.A total of 408 personnel from the government’s disaster agency AFAD, police and health services are at the scene, the minister said, while the real-time imagery from the area is being relayed by drones. Turkish officials said the Ankara prosecutor’s office has launched an investigation into the incident.Tolga Tuzun Inan of Istanbul-based Bahcesehir University said a single electrical failure would not leave an aircraft completely dark. “When multiple triggering factors combine with meteorological conditions, such a situation may occur,” he told the private NTV broadcaster. He said data from the black box would reveal what happened, but cautioned that the analysis process could take several months.- Erdogan’s condolences -Haddad had been the army’s chief of general staff since August 2020 and was appointed by then-prime minister Fayez al-Sarraj.President Recep Tayyip Erdogan offered condolences over the loss of lives during a phone call with Prime Minister Dbeibah, his office said. Libya is split between a UN-recognised government in Tripoli, led by Dbeibah, and commander Khalifa Haftar’s administration in the east.The North African country has been divided since a NATO-backed revolt toppled and killed longtime leader Moamer Kadhafi in 2011.Turkey has close ties with the UN-backed government in Tripoli, to which it provides economic and military support. But Ankara has recently also reached out to the rival administration in the east, with the head of Turkey’s intelligence agency, Ibrahim Kalin, meeting with Haftar in Benghazi in August.

David Sacks: Trump’s AI power broker

From a total Washington novice, Silicon Valley investor David Sacks has against expectations emerged as one of the most successful members of the second Trump administration.He is officially chair of President Donald Trump’s Council of Advisors on Science and Technology. However, in the White House he is referred to as the AI and crypto tsar, there to guide the president through the technology revolutions in which the United States play a central role.”I am grateful we have him,” OpenAI boss Sam Altman said in a post on X.”While Americans bicker, our rivals are studying David’s every move,” billionaire Salesforce CEO Marc Benioff chimed in.Those supportive posts responded to a New York Times investigation highlighting Sacks’s investments in technology companies benefiting from White House AI support.Sacks dismissed the report as an “anti-truth” hit job by liberal media.But the episode confirmed that this South African-born outsider has become a force in Trump’s Washington, outlasting his friend Elon Musk, whose White House career ended in acrimony after less than six months.”Even among Silicon Valley allies, he has outperformed expectations,” said a former close associate, speaking anonymously to discuss the matter candidly.- ‘Mafia’ member -Unlike many Silicon Valley figures, the South African-born Sacks has been staunchly conservative since his Stanford University days in the 1990s.There he met Peter Thiel, the self-styled philosopher king of the right-wing tech community.In the early 1990s, the two men wrote for a campus publication, attacking what they saw as political correctness destroying American higher education.After earning degrees from Stanford and the University of Chicago, Sacks initially took a conventional path as a management consultant at McKinsey & Company.But Thiel lured his friend to his startup Confinity, which would eventually become PayPal, the legendary breeding ground for the “PayPal mafia” — a group of entrepreneurs including Musk and LinkedIn billionaire Reid Hoffman — whose influence now extends throughout the tech world.After PayPal, Sacks founded a social media company, sold it to Microsoft, then made his fortune in venture capital.A major turning point came during the COVID pandemic when Sacks and some right-wing friends launched the All-In podcast as a way to pass time, talk business and vent about Democrats in government.The podcast rapidly gained influence, and the brand has since expanded to include major conferences and even a tequila line.Sacks began his way to Trump’s inner circle through campaign contributions ahead of last year’s presidential election.With Musk’s blessing, he was appointed as pointman for AI and cryptocurrency policy.Before diving into AI, Sacks shepherded an ambitious cryptocurrency bill providing legal clarity for digital assets.It’s a sector Trump has enthusiastically embraced, with his family now heavily invested in crypto companies and the president himself issuing a meme coin — activity that critics say amounts to an open door for potential corruption.But AI has become the central focus of Trump’s second presidency with Sacks there to steer Trump toward industry-friendly policies.However, Sacks faces mounting criticism for potential overreach.According to his former associate, Sacks pursues his objectives with an obsessiveness that serves him well in Silicon Valley’s company-building culture. But that same intensity can create friction in Washington.The main controversy centers on his push to prevent individual states from creating their own AI regulations. His vision calls for AI rules to originate exclusively from Washington.When Congress twice failed to ban state regulations, Sacks took his case directly to the president, who signed an executive order threatening to cut federal funding to states passing AI laws.- ‘Out of control’ -Tech lobbyists worry that by going solo, Sacks torpedoed any chance of effective national regulation.More troubling for Sacks is the growing public opposition to AI’s rapid deployment. Concerns about job losses, proliferating data centers, and rising electricity costs may become a major issue in the 2026 midterm elections.”The tech bros are out of control,” warned Steve Bannon, the right-wing Trump movement’s strategic mastermind, worried about political fallout.Rather than seeking common ground, Sacks calls criticism “a red herring” from AI doomers “who want all progress to stop.”

Brésil: première sortie de prison pour Bolsonaro, en vue d’une opération à Noël

L’ex-président brésilien Jair Bolsonaro est arrivé mercredi à l’hôpital de Brasilia où il doit subir une opération jeudi, pour sa première sortie de prison depuis qu’il a commencé à purger fin novembre une peine de 27 ans de prison pour tentative de coup d’État.Des journalistes de l’AFP ont vu un convoi de voitures noires escortées par des motos entrer dans le garage de l’hôpital DF Star, où l’ancien dirigeant d’extrême droite (2019-2022) avait déjà été opéré en avril.Une source de cette clinique privée a confirmé à l’AFP que M. Bolsonaro, 70 ans, était bien dans ce convoi. La durée de son hospitalisation n’a pas été précisée. Cette première sortie de prison a été autorisée par le juge de la Cour suprême Alexandre de Moraes. Ce dernier était chargé du procès lors duquel l’ex-président a été reconnu coupable en septembre d’avoir conspiré pour se maintenir au pouvoir “de façon autoritaire” malgré sa défaite électorale face au président actuel de gauche, Luiz Inacio Lula da Silva, élu en octobre 2022.Le convoi qui a amené M. Bolsonaro n’a mis que quelques minutes pour se rendre des locaux de la Police fédérale de Brasilia, où il purge sa peine, à l’hôpital DF Star.Il doit être opéré jeudi d’une hernie inguinale, afin de résorber une protubérance dans l’aine produite par la saillie d’un organe – comme l’intestin, par exemple – à travers la déchirure du muscle abdominal.L’ex-président souffre des séquelles d’un attentat datant de 2018, quand il avait été poignardé à l’abdomen lors d’un bain de foule en pleine campagne électorale. Il a également été diagnostiqué récemment d’un cancer de la peau.- “Cadeau de Noël” – Vendredi, le juge Moraes avait rejeté un nouveau recours de ses avocats et avait refusé de lui accorder de purger sa peine à domicile.Ce puissant magistrat, considéré comme la bête noire du clan Bolsonaro, a ordonné qu’un important dispositif de sécurité entoure son hospitalisation. Deux policiers doivent être postés 24 heures sur 24 devant sa chambre d’hôpital, où il est interdit d’entrer avec des téléphones mobiles ou des ordinateurs.Le juge a autorisé la présence de l’épouse de l’ex-président, Michelle Bolsonaro, pour l’accompagner durant toute l’hospitalisation, mais pas de ses fils.L’un d’eux, Carlos Bolsonaro, ancien conseiller municipal de Rio de Janeiro (sud-est), est tout de même venu à l’entrée de l’hôpital pour “transmettre de bonnes énergies” à son père. “Si j’arrive à l’apercevoir, ce sera un beau cadeau de Noël”, a-t-il déclaré aux journalistes peu avant l’arrivée de l’ancien chef d’État à l’hôpital.Son fils aîné, le sénateur Flavio Bolsonaro, a annoncé récemment sa candidature à la présidentielle d’octobre 2026, affirmant que son père l’avait désigné comme son successeur. Il pourrait affronter Lula, qui ne cache pas son intention de briguer un quatrième mandat.La semaine dernière, le Parlement à forte majorité conservatrice a adopté une loi qui pourrait permettre de réduire fortement la durée de l’incarcération effective de Jair Bolsonaro.Si elle est appliquée, cette durée pourrait être ramenée à un peu plus de deux ans.Lula a annoncé qu’il comptait censurer cette loi, mais c’est le Parlement qui aura le dernier mot, ayant la prérogative d’annuler le veto présidentiel.

EU ‘strongly condemns’ US sanctions against five Europeans

The European Union and some member states reacted sharply Wednesday to US sanctions imposed on five European figures involved in regulating tech companies, including former European commissioner Thierry Breton.They were responding after the US state department announced Tuesday it would deny visas to the five, accusing them of seeking to “coerce” American social media platforms into censoring viewpoints they oppose.France, Germany and Spain also condemned the news from Washington.A statement from the Commission said: “We have requested clarifications from the US authorities and remain engaged. If needed, we will respond swiftly and decisively to defend our regulatory autonomy against unjustified measures.”Our digital rules ensure a safe, fair, and level playing field for all companies, applied fairly and without discrimination.” Breton, the former top tech regulator at the European Commission, often clashed with tycoons including Elon Musk over their obligations to follow EU rules.The state department has described him as the “mastermind” of the European Union’s Digital Services Act (DSA), which imposes content moderation and other standards on major social media platforms operating in Europe.The DSA stipulates that major platforms must explain content-moderation decisions, provide transparency for users and ensure researchers can carry out essential work, such as understanding how much children are exposed to dangerous content.But the act has become a bitter rallying point for US conservatives who see it as a weapon of censorship against right-wing thought in Europe and beyond, an accusation the EU furiously denies.”The Trump Administration will no longer tolerate these egregious acts of extraterritorial censorship,” US Secretary of State Marco Rubio said in a post on X Tuesday.- ‘Intimidation and coercion’ -French President Emmanuel Macron said on X: “France condemns the visa restriction measures taken by the United States against Thierry Breton and four other European figures.””These measures amount to intimidation and coercion aimed at undermining European digital sovereignty,” he added, saying Europe would defend its “regulatory autonomy”.German Foreign Minister Johann Wadephul wrote in a post on X Wednesday: “The DSA was democratically adopted by the EU for the EU –- it does not have extraterritorial effect.The visa bans, he added, “are not acceptable”.Spain’s foreign ministry also condemned the US measures, saying in a statement: “A safe digital space, free from illegal content and disinformation, is a fundamental value for democracy in Europe and a responsibility for everyone.” Breton himself described the latest measures as a political “witch hunt” in a post on X: “To our American friends: ‘Censorship isn’t where you think it is’.”Breton left the commission in 2024 and Stephane Sejourne, his successor in charge of the EU’s internal market, said on X that “no sanction will silence the sovereignty of the European peoples”.The visa ban also targeted Imran Ahmed of the Center for Countering Digital Hate, a nonprofit that fights online misinformation; and Anna-Lena von Hodenberg and Josephine Ballon of HateAid, a German organisation that the state department said functions as a trusted flagger for enforcing the DSA.Clare Melford, who leads the UK-based Global Disinformation Index (GDI), was also on the list.A statement from HateAid called the US government decision an “act of repression by an administration that increasingly disregards the rule of law and tries to silence its critics with all its might”.A GDI spokesperson said the measures were “an egregious act of government censorship” as well as “immoral, unlawful, and un-American”. 

UN experts slam US blockade on Venezuela

Four United Nations rights experts on Wednesday condemned the US partial naval blockade of Venezuela, determining it illegal armed aggression and calling on the US Congress to intervene.The United States has deployed a major military force in the Caribbean and has recently intercepted oil tankers as part of a naval blockade against Venezuelan vessels it considers to be under sanctions.”There is no right to enforce unilateral sanctions through an armed blockade,” the UN experts said in a joint statement.A blockade is a prohibited use of military force against another country under the UN Charter, they added.”It is such a serious use of force that it is also expressly recognised as illegal armed aggression under the General Assembly’s 1974 Definition of Aggression,” they said.”As such, it is an armed attack under article 51 of the Charter — in principle giving the victim state a right of self-defence.”US President Donald Trump accuses Venezuela of using oil, the South American country’s main resource, to finance “narcoterrorism, human trafficking, murders, and kidnappings”.Caracas denies any involvement in drug trafficking. It says Washington is seeking to overthrow its president, Nicolas Maduro, in order to seize Venezuelan oil reserves, the largest in the world.Since September, US forces have launched dozens of air strikes on boats that Washington alleges, without showing evidence, were transporting drugs. More than 100 people have been killed.- Congress should ‘intervene’ -“These killings amount to violations of the right to life. They must be investigated and those responsible held accountable,” said the experts.”Meanwhile, the US Congress should intervene to prevent further attacks and lift the blockade,” they added.They called on countries to take measures to stop the blockade and illegal killings, and bring perpetrators justice.The four who signed the joint statement are: Ben Saul, special rapporteur on protecting human rights while countering terrorism; George Katrougalos, the expert on promoting a democratic and equitable international order; development expert Surya Deva; and Gina Romero, who covers the right to freedom of peaceful assembly and association.UN experts are independent figures mandated by the UN Human Rights Council to report their findings. They do not, therefore, speak for the United Nations itself.On Tuesday at the UN in New York, Venezuela, having requested an emergency meeting of the Security Council, accused Washington of “the greatest extortion known in our history”.