News updates from December 12: Trump invites Xi to his inauguration; British hedge fund trader jailed in Denmark over tax fraud

Amazon to contribute $1 million to Trump’s inauguration fund. Meta is also donating $1M

Amazon is planning to donate $1 million to President-elect Donald Trump’s inauguration fund

ABC News - 14m

Amazon Plans $1 Million Donation to Trump’s Inaugural Fund

The move follows Meta’s donation of the same amount to the fund earlier this week.

The New York Times - 1h

Amazon is the latest Big Tech company to donate $1mn to Trump fund

Contribution to inauguration effort comes as founder Jeff Bezos and others attempt to build ties with the president-elect

Financial Times - 2h

Trump’s invitation to Xi for inauguration could signal a ‘grace period’ before China faces tariffs

U.S. President-elect Donald Trump’s decision to invite Chinese President Xi Jinping to his inauguration next month could be a sign that Beijing won’t immediately get hit with tariffs as Trump’s ...

MarketWatch - 3h

FirstFT: Donald Trump extends inauguration invitation to Xi Jinping

Also in today’s newsletter, the Chinese officials detail their top economic priority and the ECB’s latest interest rate cut

Financial Times - 5h

British trader found guilty of £1.4bn fraud in Denmark

He was sentenced to 12 years in prison - the heaviest penalty ever for a Danish fraud case.

BBC News - 7h

Meta donates $1 million to Trump’s inaugural fund after Zuckerberg's Mar-a-Lago meeting

The news of the Meta donation comes after Mark Zuckerberg met with president-election Donald Trump at Mar-a-Lago.

NBC News - 8h

Trump invites China's Xi Jinping to inauguration

President-elect Donald Trump has invited Chinese President Xi Jinping to his inauguration next month, according to multiple sources.

CBS News - 8h

British hedge fund trader jailed in Denmark over ‘cum-ex’ tax fraud

Sanjay Shah receives 12-year sentence for masterminding scheme that led to billions in refunds of non-existent tax payments

Financial Times - 11h

Mark Zuckerberg's Meta Donates $1 Million to Trump's Inaugural Fund

The president-elect had blasted the tech tycoon during the presidential campaign, but ties have been improving.

The Wall Street Journal - 1d

China's Xi not expected at Trump's inauguration

President-elect Trump invited Xi to the swearing-in ceremony shortly after winning the election.

CBS News - 6h

Will China's Xi Jinping attend Trump's inauguration?

President-elect Donald Trump and his team are reacting to news of the invitation extended for China's President Xi Jinping to attend the inauguration. CBS News' Libby Cathey has more.

CBS News - 7h

British businessman Sanjay Shah jailed for 12 years over £996m Danish tax fraud

Shah found guilty of gross fraud and given longest sentence for financial crime in country’s history. The British businessman Sanjay Shah has been sentenced to 12 years in prison for fraud ...

The Guardian - 10h

Trump has invited China's Xi to inauguration, spokesperson says

Karoline Leavitt told Fox News Trump wants to create dialogue with adversaries.

ABC News - 10h

Meta donates $1m to Donald Trump’s inaugural fund

Donation comes after CEO Mark Zuckerberg dined with Trump at Mar-a-Lago and appears to be an effort to improve relations. Meta has donated $1m to Donald Trump’s inaugural fund, the company ...

The Guardian - 12h

Trump has invited China’s President Xi Jinping to his inauguration

Outreach comes as Beijing seeks clarity on how relations with Washington will fare under incoming administration

Financial Times - 12h

Meta donated $1M to Trump inaugural fund after Zuckerberg met with president-elect

Meta donated $1 million to President-elect Trump's inaugural fund, the company confirmed to The Hill Thursday. The reported donation comes just weeks after CEO Mark Zuckerberg visited Trump at his ...

The Hill - 12h

Trump has invited Xi Jinping to attend inauguration

President-elect Trump has invited Chinese President Xi Jinping to attend his inauguration next month in Washington, a spokesperson confirmed Thursday. Karoline Leavitt, who will serve as White ...

The Hill - 13h

Gingrich: Xi attending Trump inauguration would be ‘signal to the planet’

Former House Speaker Newt Gingrich (R-Ga.) responded to President-elect Trump's invitation to Chinese President Xi Jinping to attend Inauguration Day in January, saying his acceptance would send a ...

The Hill - 13h

Trump invites China's Xi Jinping to his inauguration

President-elect Donald Trump has invited Chinese President Xi Jinping to his inauguration in January, though it's unclear if he plans to attend.

NBC News - 14h

Meta donates $1mn to Trump’s inauguration fund

First-time contribution shows social media platform and its chief are trying to mend relations with president-elect

Financial Times - 21h

Meta donates $1 million to Trump's inaugural fund

The move comes two weeks after Meta CEO Mark Zuckerberg traveled to Florida and dined with President-elect Donald Trump in Mar-a-Lago.

CBS News - 22h

Mark Zuckerberg’s Meta Donates $1 Million to Trump’s Inaugural Fund

The move follows a visit that Mark Zuckerberg, Meta’s chief executive, made last month to Mar-a-Lago to meet with President-elect Donald Trump.

The New York Times - 22h

Nato’s European members discuss 3% target for defence spending

Increased military expenditure could be agreed at next year’s summit, intensifying pressure on national budgets

Financial Times - 22h

Selfridges’ Thai co-owner says it overpaid for luxury store portfolio

Head of Central Group family conglomerate says higher global interest rates make original £4bn price tag less attractive

Financial Times - 22h

Jan. 6 rioter says retired congressman invited him to Trump's inauguration

A Jan. 6 rioter filed a letter showing that a retired Republican congressman invited him to attend President-elect Trump's inauguration in Washington, D.C, next month. Russell Taylor, a California ...

The Hill - 1d

Jan. 6 defendant invited to Trump's inauguration by former GOP lawmaker

A former member and three current members of Congress invited a Jan. 6 defendant to President-elect Donald Trump's inauguration, according to a letter filed by the defendant's lawyer.

NBC News - 1d

Trump invites China's Xi Jinping to inauguration

Sources have confirmed to CBS News that President-elect Donald Trump has invited Chinese President Xi Jinping to his inauguration in January. The invitation comes despite Trump's repeated plan to ...

CBS News - 1d

'A man of integrity': Retired congressman invites Jan. 6 rioter to inauguration

A man who pleaded guilty to a felony for participation in the Capitol riot filed a letter showing he was invited by a retired congressman to attend the inauguration.

ABC News - 1d

Everyone hates duration

And China’s monetary policy stance

Financial Times - 1d

Adani drops US financing for strategic Sri Lanka port

Conglomerate pulls out of $500mn loan deal as it wrestles with bribery allegations

Financial Times - 1d

Live updates: Congress sprints to end as Trump nominees make rounds

Lawmakers returned to the Capitol this week to begin a sprint to finish work on a bill to keep the government funded, and legislation to authorize major defense programs. Read about the effort to ...

The Hill - 2d

Trump wants $480 million New York fraud case dropped for the 'greater good' — attorney general says no

The civil case accused President-elect Donald Trump and others of falsely inflating his asset values to boost his stated net worth and get financial perks.

CNBC - 2d

Manhunt for US executive’s killer becomes a search for motive

Luigi Mangione, charged with last week’s gruesome New York murder, has drawn wave of morbid admiration

Financial Times - 2d

Trump’s IRS Pick Billy Long is Sweet on the Fraud-Plagued Employee Retention Tax Credit

Some lawmakers say Trump’s new pick to lead the Internal Revenue Service is “a bizarre choice.”

Inc. - 6d

Nvidia tangos with an activist hedge fund: An excerpt from Tae Kim's new book on the tech giant

Starboard Value's Jeff Smith knows his firm sold its Nvidia stake way too soon, Tae Kim writes in "The Nvidia Way: Jensen Huang and the Making of a Tech Giant."

CNBC - Dec. 5

Hedge funds profit from ‘Trump trades’ around US election

Element Capital and Graham Capital among macro managers that did well out of recent market swings

Financial Times - Dec. 3

News updates from December 12: Trump invites Xi to his inauguration; British hedge fund trader jailed in Denmark over tax fraud

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