Good morning. Panama’s president rejects Donald Trump’s threat over control of its famous canal. Euro-area growth forecasts are being dialed back. And Apple may take on Amazon with a new home device. Listen to the day’s top stories.
Panama President José Raúl Mulino rebuffed Donald Trump’s threat to reimpose US control over the Panama Canal, saying its shipping tolls aren’t inflated and that its sovereignty isn’t negotiable. Trump responded: “We’ll see about that!” Read more about how the president-elect is upending global politics even before he takes office.
French Prime Minister Francois Bayrou is struggling to meet his self-imposed deadline to name a new cabinet before the Christmas holidays. A new team was expected to be unveiled over the weekend but French media now say it may be announced today at the earliest.
Elon Musk has emerged as an unexpected, unelected and uncontrollable political powerhouse, Nia-Malika Henderson writes. The unnecessary chaos he and Trump injected into the budget deal is an unfortunate preview of the next four years.
Amazon Ring Battery Doorbell Plus. Source: Bloomberg
Apple is taking on Amazon with a new home device that may rival the popular Ring doorbell. It’s still in early stages, but the product could automatically unlock the door by scanning a resident’s face—just like Face ID.
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