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Our top stories.

The Dow Jones Industrial Average, an American stock index, fell by over 1,100 points after the Federal Reserve cut interest rates but signalled few reductions next year.

The Fed, as expected, cut its benchmark rate by a quarter of a percentage point,

bringing it to a range of 4.25% to 4.5%.

Most of the Fed's members said they believe the central bank would issue just two cuts next year,

fewer than they forecast in September, as inflation remains above the Fed's 2% target.

Donald Trump and J.D. Vance urged Republicans to renegotiate a bipartisan deal that would keep America's

government funded past Friday. Their denouncement of the proposed bill, which included $100 billion

in disaster aid as well as unrelated policy measures, followed a barrage of critical posts from

Elon Musk, Mr. Trump's incoming efficiencies saw.

Without a deal, most federal operations would shut down on Saturday.

Bezal Smotchlich, Israel's hard-right finance minister,

criticized a proposed ceasefire deal that is reportedly close to being agreed with Hamas.

The agreement is said to involve a six to eight week pause in fighting in Gaza

and the exchange of Israeli hostages and Palestinian prisoners.

Mr Smotrich opposes releasing prisoners or allowing displaced garsens to return.

...