AnewZ Morning Briefing - January 10th, 2025

Stay updated with the top news for January 10th in our Morning Briefing.

Start your day informed with AnewZ Morning Briefing: here are the top news stories for January 10th, covering the latest developments you need to know.

1. Trudeau criticizes Trump's proposed tariffs in meeting with US business leaders.

Prime Minister Justin Trudeau criticized President-elect Donald Trump's proposed U.S. tariffs on Canadian products in a meeting with American business leaders on Thursday, saying the step would have "negative impacts" on both countries.

Trump says he will impose 25% tariffs on all Canadian imports unless Ottawa boosts border security. On Tuesday, the president-elect floated the idea of turning Canada into a U.S. state.

Trudeau said this week there was not "a snowball's chance in hell" that Canada would become part of the United States.

2. L.A. mayor, California governor criticised over fires as political clash ensues.

Los Angeles Mayor Karen Bass came under sharp criticism for her response to a series of raging wildfires on Thursday, while President-elect Donald Trump sought to blame California Governor Gavin Newsom for the deadly disaster.

The criticism, fanned by Trump and his allies across social media, has triggered a political clash over the two massive wildfires menacing Los Angeles from the east and west. At least five people have died in what has developed into one of the biggest natural disasters in California's history.

3. Zelenskyy says meeting of allies pledges $2 billion in aid.

Ukrainian President Volodymyr Zelenskyy said the latest in a series of meetings with Kyiv's Western allies in Germany had resulted in pledges of an additional $2 billion in military assistance to help it fight the war against Russia.

4. Germany accuses US President-elect Donald Trump of trying to divide Europe.

Germany's Vice Chancellor Robert Habeck accused US President-elect Donald Trump of trying to divide European nations and called for a united European response.

Speaking to Deutschlandfunk, Habeck warned that Trump previously sought to undermine European unity by making deals with individual countries and might do so again. He emphasized that Germany, heavily reliant on European solidarity, would be a key target of trade policies like tariffs.

5. Oil set for third straight weekly gain on winter fuel demand.

Oil prices rose in early Asian trade and were on track for a third straight week of gains with icy conditions in parts of the United States and Europe driving up fuel demand for heating.

Brent crude futures climbed 24 cents, or 0.3%, to $77.16 a barrel at 0138 GMT. U.S. West Texas Intermediate crude futures gained 26 cents, or 0.4%, to $74.18. Over the three weeks ending January 10, Brent has advanced 5.9% while WTI has jumped 6.9%.
 

6. Hyundai launches $18,000 EV in Japan to penetrate EV-wary market.

South Korea's Hyundai Motor said on Friday it would introduce the cheapest compact electric car in Japan, to penetrate a market dominated by local giants with established petrol and hybrid vehicle technologies.

The Japan launch of the Hyundai Inster follows attempts by Tesla and other foreign brands to enter a country seeing a slow take-up of EVs. With the Inster, Hyundai will take a low-price strategy akin to China's leading EV maker, BYD.
 

7. TikTok confirms it will shut down in the U.S on January 19th.

TikTok has announced plans to shut down its app in the United States on January 19, but only as a last resort. This decision hinges on whether the Supreme Court enforces laws requiring the Chinese-owned platform to sever ties with its parent company, ByteDance, by selling to a third party. ByteDance has stated that it does not intend to sell the app.

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