Shares fell on Wall Street after Fed Chair Jerome Powell announced a cut to its key interest rate of 0.25%, but indicated this could be the last rate reduction for a while. The US dollar rose in value on the news. Also Lily Jamali explains how TikTok is pursuing a last-ditch effort in the US Supreme Court to avoid a mandated sale or ban of the app in America the day before Donald Trump is due to take office as president. And the de-facto leader of Syria tells the BBC that sanctions on the country should be lifted immediately.
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Hello, Jackie Leonard here from the Global News Podcast.
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Hello and welcome to Business Matters here on the BBC World Service.
I'm Rahul Tandon.
On the program today, we'll be talking quite a lot about interest rates, why TikTok is back in court, hoping to avoid a ban in the us and how a corner of Finland has become the global hub for for all things Christmassy.
One of the most sold extra things for the guest we have is the private visit of Santa to the rooms.
Because we are Santa's home, so why not?
Why not indeed?
And we're going to hear a little bit from Santa Claus himself in the program.
Remember, you can get in touch with us on WhatsApp.
Send us a voice note.
Plus 44, 330-678-30 double three.
I'll be joined throughout the program by two guests on opposite sides of the world.
We have Jyoti Malhotra, editor in chief of the Tribune, based there in Chandigarh in northern India.
Jyoti, wedding season Shaadi time in India.