A breathless President Donald Trump gave a primetime address to the nation last night, looking to press the reset button on his handling of the top issue for American voters: the economy.

Poll after poll has shown Mr Trump's approval ratings slumping, particularly when it comes to the state of the economy. He was elected on a promise of cutting prices, boosting employment and tackling inflation. Eleven months on, the average American is not feeling any better off than they were last year. While some things are getting cheaper, like petrol, unemployment is rising, inflation is the same as it was in January and the overall cost of living continues to soar.

During an 18-minute address from the White House, Mr Trump sought to assure Americans that the country's new Golden Age is right around the corner. But for some reason, perhaps he was under time constraints imposed by TV networks, Mr Trump lurched through his teleprompted remarks while yelling all of his talking points.

At times he sounded unhinged or as though he were having a full-blown panic attack, a good metaphor for how Republicans view his performance on the economy ahead of next year's midterm elections.

"We're the hottest country anywhere in the world, and that's said by every single leader that I've spoken to over the last five months," Mr Trump said in his address, during which he repeatedly blamed his predecessor, Joe Biden, for every problem on his plate.

The hyped-up salesman/Biden blame-game shtick is wearing thin. Americans want results and recent wins by Democrats in local and state elections show how quickly people have soured on Mr Trump's handling of the economy. According to a new NPR/PBS News/Marist poll, he only has a 36 per cent approval rating on the issue.

One thing Mr Trump did not do last night was declare war on Venezuela, something that could come any day now. He did say that Venezuela (although it is not an island) is "completely surrounded by the largest armada ever assembled in the history of South America" and that the US was blockading all the country's oil tankers. It seems to be only a matter of time before the US is conducting some sort of military action against Caracas.

We certainly are in for another momentous year in 2026. I wish you a very happy festive season. The newsletter will be taking a break next week - see you in the new year!


George W Bush, Colin Powell and Donald Rumsfeld in 2003, months after launching the Iraq war. Reuters
George W Bush, Colin Powell and Donald Rumsfeld in 2003, months after launching the Iraq war. Reuters

Mr Trump on Monday issued an executive order declaring the drug fentanyl a weapon of mass destruction. He has also accused Venezuelan President Nicolas Maduro of narco-terrorism and involvement in trafficking drugs towards the US.

More than two decades earlier, President George W Bush announced the US invasion of Iraq aimed at toppling the regime of Saddam Hussein. In a televised address in March 2003, Mr Bush said that the “people of the United States and our friends and allies will not live at the mercy of an outlaw regime that threatens the peace with weapons of mass murder”.

There are startling parallels between the rhetoric of the Bush administration in the lead-up to the invasion of Iraq and the recent language from the Trump administration towards Venezuela.

Read more by Sara Ruthven


BBC billions Mr Trump​ sued the UK-based ​BBC ‌on Monday for ​alleged defamation over edited clips of ‌a speech that made ‍it appear as if ⁠he directed supporters to storm the US Capitol, opening an international front in his fight against media ⁠coverage ​he ‍deems untrue or unfair. He is seeking up to $10 billion - an unthinkable sum for a broadcaster whose entire annual budget is about £6 billion.

Hollywood horror It didn't take long for Mr Trump to make the deaths of film director Rob Reiner and his wife all about him. Instead of sharing a simple note of condolence, Mr Trump posted a message on Truth Social on Monday in which he (or an account-handling minion) suggested Reiner had been killed because he didn't like the President.

Bongino going FBI Deputy Director Dan Bongino said yesterday that he will resign from the bureau next month, ending a brief and tumultuous tenure in which he clashed with the Justice Department over the handling of the Jeffrey Epstein files and was forced to reconcile the realities of his law enforcement job with provocative claims he made in his prior role as a popular podcast host. The Epstein files, incidentally, are due to be released tomorrow.


AI users are reporting spirals into paranoia, delusion and psychosis after extended conversations with chatbots
AI users are reporting spirals into paranoia, delusion and psychosis after extended conversations with chatbots

The night Adam Thomas locked his keys inside his van, the desert air in Oregon’s Christmas Valley had already begun to grow cold.

He ended up sleeping on a stranger’s futon, an improvised bed set up by a flea market in a town so small it had just a handful of buildings.

It was there, trying to keep warm inside a sleeping bag he had found and staring at the stars, that Mr Thomas realised something had gone profoundly wrong.

For months, he had been following what he believed was an “internal compass”, a sensation in his body that he saw as guidance. This feeling was reinforced by an artificial intelligence chatbot he had been confiding in daily.

But the force that he believed was pulling him “on a path to something” now looked more like a warning sign.

Read more from Joshua Longmore


OpenAI's Sora 2, which received criticism amid allegations of copyright infringement, has reached a deal with Disney. Getty Images via AFP
OpenAI's Sora 2, which received criticism amid allegations of copyright infringement, has reached a deal with Disney. Getty Images via AFP

OpenAI's controversial video-generation tool Sora has one less thing to worry about, thanks in part to an agreement reached with Disney.

According to the entertainment and theme park giant, users of OpenAI's Sora will soon be able to create videos featuring various Disney characters and other intellectual property.

Although details are sparse, users of Sora are expected to be able to create the content beginning in early 2026, according to Disney.

Read more by Cody Combs


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The biog

DOB: March 13, 1987
Place of birth: Jeddah, Saudi Arabia but lived in Virginia in the US and raised in Lebanon
School: ACS in Lebanon
University: BSA in Graphic Design at the American University of Beirut
MSA in Design Entrepreneurship at the School of Visual Arts in New York City
Nationality: Lebanese
Status: Single
Favourite thing to do: I really enjoy cycling, I was a participant in Cycling for Gaza for the second time this year

Roll of honour 2019-2020

Dubai Rugby Sevens
Winners: Dubai Hurricanes
Runners up: Bahrain

West Asia Premiership
Winners: Bahrain
Runners up: UAE Premiership

UAE Premiership
}Winners: Dubai Exiles
Runners up: Dubai Hurricanes

UAE Division One
Winners: Abu Dhabi Saracens
Runners up: Dubai Hurricanes II

UAE Division Two
Winners: Barrelhouse
Runners up: RAK Rugby

Match info

Manchester United 1
Fred (18')

Wolves 1
Moutinho (53')

Founders: Abdulmajeed Alsukhan, Turki Bin Zarah and Abdulmohsen Albabtain.

Based: Riyadh

Offices: UAE, Vietnam and Germany

Founded: September, 2020

Number of employees: 70

Sector: FinTech, online payment solutions

Funding to date: $116m in two funding rounds  

Investors: Checkout.com, Impact46, Vision Ventures, Wealth Well, Seedra, Khwarizmi, Hala Ventures, Nama Ventures and family offices

Company%20profile
%3Cp%3EName%3A%20Tabby%3Cbr%3EFounded%3A%20August%202019%3B%20platform%20went%20live%20in%20February%202020%3Cbr%3EFounder%2FCEO%3A%20Hosam%20Arab%2C%20co-founder%3A%20Daniil%20Barkalov%3Cbr%3EBased%3A%20Dubai%2C%20UAE%3Cbr%3ESector%3A%20Payments%3Cbr%3ESize%3A%2040-50%20employees%3Cbr%3EStage%3A%20Series%20A%3Cbr%3EInvestors%3A%20Arbor%20Ventures%2C%20Mubadala%20Capital%2C%20Wamda%20Capital%2C%20STV%2C%20Raed%20Ventures%2C%20Global%20Founders%20Capital%2C%20JIMCO%2C%20Global%20Ventures%2C%20Venture%20Souq%2C%20Outliers%20VC%2C%20MSA%20Capital%2C%20HOF%20and%20AB%20Accelerator.%3Cbr%3E%3C%2Fp%3E%0A
The Bio

Ram Buxani earned a salary of 125 rupees per month in 1959

Indian currency was then legal tender in the Trucial States.

He received the wages plus food, accommodation, a haircut and cinema ticket twice a month and actuals for shaving and laundry expenses

Buxani followed in his father’s footsteps when he applied for a job overseas

His father Jivat Ram worked in general merchandize store in Gibraltar and the Canary Islands in the early 1930s

Buxani grew the UAE business over several sectors from retail to financial services but is attached to the original textile business

He talks in detail about natural fibres, the texture of cloth, mirrorwork and embroidery 

Buxani lives by a simple philosophy – do good to all

RESULT

Los Angeles Galaxy 2 Manchester United 5

Galaxy: Dos Santos (79', 88')
United: Rashford (2', 20'), Fellaini (26'), Mkhitaryan (67'), Martial (72')

Roll of honour: Who won what in 2018/19?

West Asia Premiership: Winners – Bahrain; Runners-up – Dubai Exiles

UAE Premiership: Winners – Abu Dhabi Harlequins; Runners-up  Jebel Ali Dragons

Dubai Rugby Sevens: Winners – Dubai Hurricanes; Runners-up – Abu Dhabi Harlequins

UAE Conference: Winners  Dubai Tigers; Runners-up  Al Ain Amblers

Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

Infiniti QX80 specs

Engine: twin-turbocharged 3.5-liter V6

Power: 450hp

Torque: 700Nm

Price: From Dh450,000, Autograph model from Dh510,000

Available: Now

Cryopreservation: A timeline
  1. Keyhole surgery under general anaesthetic
  2. Ovarian tissue surgically removed
  3. Tissue processed in a high-tech facility
  4. Tissue re-implanted at a time of the patient’s choosing
  5. Full hormone production regained within 4-6 months
The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

Read part four: an affection for classic cars lives on

Read part three: the age of the electric vehicle begins

Read part two: how climate change drove the race for an alternative 

The biog

Most memorable achievement: Leading my first city-wide charity campaign in Toronto holds a special place in my heart. It was for Amnesty International’s Stop Violence Against Women program and showed me the power of how communities can come together in the smallest ways to have such wide impact.

Favourite film: Childhood favourite would be Disney’s Jungle Book and classic favourite Gone With The Wind.

Favourite book: To Kill A Mockingbird for a timeless story on justice and courage and Harry Potters for my love of all things magical.

Favourite quote: “We make a living by what we get, but we make a life by what we give.” — Winston Churchill

Favourite food: Dim sum

Favourite place to travel to: Anywhere with natural beauty, wildlife and awe-inspiring sunsets.

UAE currency: the story behind the money in your pockets
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