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The aviation body reports that this is the busiest Christmas Eve for air travel.

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Getty Images Two women are carrying their suitcases through an airport with a full departure board behind themgetty images

The Civil Aviation Authority (CAA) said the number of passengers passing through UK airports would be the highest seen on any Christmas Eve since records began in 1972.

It estimates more than 335,000 people will fly into the UK on Wednesday, up 5% from Christmas Eve in 2024, although minimal disruption is expected.

Britain’s roads are also expected to see one of the busiest Christmas Eves since records began, the RAC said, although another motoring lobby says the traffic peak for the season has passed.

RAC said the worst time to travel on Wednesday is between 1pm and 7pm, as millions of people hit the road to get home ahead of Christmas Day on Thursday, causing delays on major routes.

Manchester Airport said it expected about 75,000 passengers to pass through on Christmas Eve, with 208 flights departing from the UK, but that number would halve on Christmas Day. The most popular destinations for Christmas Eve are Amsterdam, Paris, and Dublin.

it expects its busiest December period ever.

Meanwhile, Heathrow says it expects its busiest December period ever, with 152,000 passengers using it on Christmas Day. EasyJet said 558 flights would depart on Christmas Day, part of its “busiest festive season ever”.

Meanwhile, Stansted Airport said Christmas Day would be relatively quiet.

The busiest day of the festive period for air travel was Friday 19 December.

Getty Images A man looks disappointed while driving his cargetty images

Meanwhile, the RAC said particularly tight spots on the roads will be the clockwise northern and western sections of the M25 from mid-morning and the M5 north from Gloucestershire towards the West Midlands in the late afternoon.

While millions of people will travel by rail, the earlier timing of train departures means many more people may end up on the road, leading to even more crowding.

Over the Christmas period, many rail routes will undergo restrictions or closures for maintenance.

National Rail trains do not run on Christmas Day And very few will run on Boxing Day.

National Express coaches have announced that they will operate to 96 destinations on Christmas Day.

Nick Mullender, RAC’s mobile servicing and repairing team leader, said in 2013 that “2025 will be the busiest holiday period since our records began.”

This year’s Christmas Eve is expected to be the busiest ever, as employees are reserving their annual leave days and taking last-minute time off.

Meanwhile, the AA, which provides traffic updates across the UK, said December 19 was the busiest part of the season.

In the run-up to Christmas Eve, it warned that the M27 will be closed in both directions between Junction 9 (Whiteley/Park Gate) and Junction 11 (Fareham East/Gosport) from 8pm to 4am on January 4 for major works at Junction 10.

The closure affects road travel between Southampton and Portsmouth.

Drivers are advised to check tires, anticipate delays, and ensure their oil and coolant levels are correct. As the weather cools, we expect an increase in breakdowns and 4.2 million journeys on the roads.

you can see: How will the weather affect your Christmas travel plans on the road?

you can see it here. The impact on other modes of transportation, like ferries, is significant.



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Winnie-the-Pooh brings 100 years of fame to Ashdown Forest

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Winnie-the-Pooh brings 100 years of fame to Ashdown Forest

ZUMA Press, Inc./Alamy Illustration of Winnie the Pooh hanging by a rope from a tree with a perturbed look on his faceZUMA Press, Inc./Alamy
Winnie-the-Pooh’s fame reached new heights in 1961 when Disney acquired the rights

Christmas Eve marks the 100th anniversary of the first appearance of one of the world’s most popular children’s characters.

Winnie-the-Pooh first featured in the short story The Wrong Sort of Bees, published in the newspaper London Evening News on 24 December 1925.

The bear soon became loved worldwide, alongside Tigger, Christopher Robin, the game of Pooh sticks and the fictional 100 Aker Wood, which was in reality Ashdown Forest, East Sussex, where author A. A. Milne had a country home.

Pooh’s enormous fame still generates substantial income for the area to this day, with £450,000 of public money being used to fund a program of events locally to mark the anniversary.

CBW/Alamy Two pages out of a Winnie-the-Pooh book - on the left an illustration of Pooh and piglet at the top with words underneath; on the right is a young Christoper Robin dragging his bear up a red-carpeted staircaseCBW/Alamy
AA Milne wrote Winnie-the-Pooh in 1926, followed by The House at Pooh Corner in 1928

The Winnie-the-Pooh stories are set in Ashdown Forest, an area of open heathland on the highest sandy ridges of the High Weald Area of Outstanding Natural Beauty.

In 1925 AA Milne, a Londoner, bought a country home a mile to the north of the forest at Cotchford Farm, near Hartfield.

Winnie-the-Pooh, featuring.

Winnie-the-Pooh, featuring the imaginary adventures of Milne’s son Christopher Robin and his toy bear, was published in 1926 and its sequel, The House at Pooh Corner, in 1928.

There were also two books of poems featuring the much-loved characters.

The original bridge where Milne and his son Christopher Robin created the game Poohsticks became worn and unsafe in the late 1990s.

It was dismantled and replaced with a replica which is still in place in Ashdown Forest.

The original structure sold at auction in 2021 for £131,000.

Pictorial Press Ltd/Alamy Black and white image of AA Milne in a suit with his young son Christopher Robin on his lap holding a toy bear in 1926 Pictorial Press Ltd/Alamy
A. A. Milne with his son Christopher Robin and the well-loved bear in 1926

The honey-loving bear took on a new level of fame when Disney acquired the rights to the stories in 1961.

Pooh Corner has been a gift shop and tea room close to Pooh Sticks Bridge in Hartfield since 1978 and is filled with mementos.

Owner Neil Reed said, “It’s amazing to have people travel to our little village hidden in the English countryside from all over the world to celebrate Winnie-the-Pooh.

Pooh Corner A framed copy of a newspaper which features a Winnie-The-Pooh story by AA Milne and an illustrationPooh Corner
Pooh Corner has acquired a rare copy of the 1925 Evening News story, which features illustrations by J.H. Dowd

“We love hearing from visitors about why this story is special to them and what motivates them to travel so far to visit the Ashdown Forest.”

Pooh Trek Tours has organised guided walks around the forest since 2018, taking in the sites made famous by the books.

Founder Gerry Manser said around 90% of people on his tours came from outside the UK, predominantly from North America.

PA Media Black and white image of elderly Christopher Milne on the original Pooh Bridge in Hartfield in 1979PA Media
Christopher Milne revisited the original Pooh Sticks Bridge in 1979

He said, “The 100th anniversary is an extremely important event for the forest.

“Without Pooh, one of the most remarkable landscapes in the UK wouldn’t be as well-known.”

The commemorations in Ashdown Forest to mark Pooh’s 100th birthday are expected to include an installation, which would transform the forest’s visitor centre into a life-sized pop-up book.

There are also plans to create new walking trails within the forest, designed to avoid protected sites.

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What are the ‘hidden charges’ on forex transactions? RBI issues draft rules on charges; what could change?

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What are the ‘hidden charges’ on forex transactions? RBI issues draft rules on charges; what could change?

What are the 'hidden charges' on forex transactions: RBI issues draft rules on charges; what could change?
Reserve Bank of India (ANI image)

The Reserve Bank of India (RBI) has issued a draft proposal aimed at making cross-border payments more transparent and consumer-friendly.

With this, the bank aims to address long-standing complaints about hidden charges and unclear pricing in foreign exchange transactions.

A large number of individuals face difficulties while making overseas payments for education, living expenses, travel, investments or remittances.

mainly due to complex processes and high service costs. In many cases, customers only discover the true cost of a transaction after it has been completed. This encompasses fees and other charges.

margins and intermediary costs that are either bundled into exchange rates or deducted later without a clear explanation. To address these issues,

the RBI has proposed new regulations that would require banks and other authorised dealers to disclose the total cost of foreign exchange transactions upfront.

before a customer agrees to the deal. The move is intended to help customers compare charges across service providers and make more informed decisions, according to ET.

What has the RBI proposed?

The draft circular requires authorised dealers, including commercial banks and certain financial institutions, to clearly communicate all transaction-related costs in advance.

This includes commonly used foreign exchange transactions such as:

  • Foreign exchange cash (T+0): Same-day currency exchange
  • Tom (T+1): Settlement on the next business day
  • Spot (T+2): Settlement within two business days

The disclosure requirement will cover both foreign exchange transactions and related derivative contracts used by retail customers.

RBI observed that a similar step was taken in January 2024, when authorised dealers were mandated to disclose mid-market rates for forex and foreign currency interest rate derivatives.

The new proposal builds on a similar framework by extending transparency to the full cost structure of transactions.

What counts as “total transaction cost” Before entering into a foreign exchange transaction, authorised dealers will now have to provide a complete breakdown of costs.

According to Haemal Shah, Partner and Leader – Treasury and Commodity Advisory, Risk Consulting, EY India, this would include:

  • The foreign exchange rate applied
  • Currency conversion charges
  • Sending or outward remittance fees
  • Receiving fees, if applicable
  • Charges levied by intermediary or correspondent banks
  • Any other fee linked to executing the transaction

Importantly, these details must not only be shared upfront but also included in the final deal confirmation.

allowing customers to verify what they were quoted against what they were ultimately.

charged. Once finalised, the instructions will be applicable within three months from the date of issuance.

Problems faced by retail users

Retail customers have long flagged that international transfers feel far more expensive and opaque than domestic payments. Often,

customers are shown only an exchange rate, while additional costs such as remittance fees, FX margins, SWIFT charges and intermediary bank deductions are revealed only later

. Experts point out that banks frequently embed margins and multiple fees into a single quoted rate, making it difficult for customers to understand the actual pricing.

Charges on the recipient side, such as correspondent bank fees or instances where beneficiaries bear costs instead of remitters, have also added to confusion.

particularly for exporters. Another major concern is the lack of transparency around correspondent bank fees.

which can vary significantly depending on routing and overseas banking While banks often describe these as outside their control, the RBI has flagged this as a key area where disclosure standards need improvement.

How customers will benefit

By mandating upfront disclosure, the RBI aims to give retail users a clearer picture of the true cost of cross-border transactions.

This will help customers better understand pricing mechanisms, dealer margins, and the differences between various forex products

. “Enhanced visibility on the hidden charges allows retail users to make better decisions on the pricing offered by ADs,” said Shah. Vijay Mani,

Partner and Banking and Capital Markets Leader at Deloitte India, added that the move can significantly improve trust and comparability,

provided the disclosures are implemented in a clear and customer-friendly manner. The RBI has invited public comments on the draft circular.

Feedback can be submitted until January 9, 2026, after which the central bank will review responses before issuing final guidelines.

Who do the rules apply to?

Authorised Dealers under RBI regulations include banks classified as Authorised Dealer Category-I and Standalone Primary Dealers authorised under Category-III to conduct foreign exchange transactions.

I banks and standalone primary dealers authorised under Category III to conduct foreign exchange transactions. Customers are classified as retail or non-retail for the purpose of these rules.

Non-retail users include large financial institutions,

NBFCs, insurance companies, mutual funds, alternative investment funds and Indian entities with a net worth of Rs 500 crore or more or a turnover of Rs 1,000 crore or more. Non-residents, other than individuals, are also treated as non-retail users. Any

A customer who does not fall into these categories is considered a retail user and will directly benefit from the proposed transparency measures.

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‘Find me some “friends” and “raid the scrap farm.”.’

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Several of the papers come forward with the latest tranche of the Epstein files released by the US Justice Department, including an email exchange between Ghislaine Maxwell and a man signing off as ‘A’ writing from “Balmoral Summer Camp for the Royal Family.”.
The Daily Mirror says the author of the email asked Maxwell to “find me some ‘friends’,” which the newspaper described as “inappropriate.”.
The emails do not indicate any wrongdoing. The BBC has contacted Andrew Mountbatten-Windsor’s team for comment. The former prince has previously denied all wrongdoing.
Under the headline “Ghislaine Maxwell Emails Revealed,” the Sun says she allegedly sought to “find fun girls for Andrew.”

“Andrew, ‘funny girls’ and ‘inappropriate friends'” is the iPaper’s summary of the latest round of Epstein files.

The Guardian has also forwarded the “girls'” emails from the Epstein files, saying,
“Andrew faces new pressure.”
A photo shows a police officer in London questioning climate activist Greta Thunberg. The newspaper reports that the police arrested him “after he demonstrated in support of the hunger strike of Palestinian prisoners.”
The Daily Express reports that the government will cancel plans to “raid the farm”.
The paper says Labour will increase the “tax threshold on inherited agricultural land” from £1m to £2.5m.
It quotes farmer Jonathan Charlesworth – whose father took his own life “amid the fear” of the tax – as saying the change was “the best Christmas present for a lot of farmers.”.
The front page also features a preview of King Charles III’s anticipated Christmas message from Westminster Abbey.
Labour’s “quiet Christmas U-turn” on its inheritance tax plans is the Financial Times’ opinion.
“The Exchequer will have to sacrifice £130 million in tax revenue as a result.”
The newspaper reports that the share of farmers facing inheritance tax will increase to 15%.
The Times says Prime Minister Sir Keir Starmer faced a “revolt by Labour MPs” over the initial £1m inheritance tax cap proposal, writing, “Downing Street was warned that more than 40 MPs were ready to defy Starmer.”
The Daily Mail has described the Prime Minister’s “U-turn on the agricultural tax” as “an outrageous capitulation to his backbenchers”.
The Independent’s headline reads, “Farmers delight at Starmer’s U-turn on tractor tax raid,” which the newspaper says comes after “months of furious protests—and financial pain for many families.”
“Loathe Actually” is the Daily Star’s headline spin on the popular Christmas film Love Actually, which was directed by Richard Curtis, whose wife, Emma Freud, opposes the idea of a 30-pitch campsite in their fairy-tale village.
idea of a 30-pitch campsite in their fairy-tale village.” The newspaper says the plans for the campsite were approved by East Sussex Council, which Mr Curtis “objects news daily banner

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A man has been convicted of plotting a gun attack against the Jewish community in Manchester.

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GMP police captured photographs of Walid Saadaoui and Amr Hussein, who are both wearing gray T-shirts. Walid Saadaoui has short black hair and a dark beard. Hussein is bald and has a short dark beardgmp
Walid Saadaoui (left) and Amr Hussein (right) arranged to bring guns to Britain.

Two men have been found guilty of planning a gun attack to cause “untold harm” to the Jewish community in Manchester.

Preston Crown Court heard that Walid Saadaoui, 38, and Amr Hussein, 52, had a “serious dislike” of Jewish people and had arranged to smuggle guns into Britain as part of an “ISIS-inspired plot”.

Saadaoui and Hussein were planning the attacks in collaboration with a third person.

They believed they were planning the attacks with a third person they knew as Farouq, who they believed shared their extremist views but was in fact an undercover operative.

Greater Manchester Police (GMP) said key instigator Walid Saadaoui had planned to carry out “possibly the deadliest terrorist attack in UK history.”

Walid Saadaoui and Hussein, of Abram, Wigan, of no fixed abode, were found guilty of preparing terrorist acts between 13 December 2023 and 9 May 2024.

A third man, 36-year-old Bilel Saadoui, Saadoui’s younger brother, has been convicted of failing to disclose information about terrorist acts.

Walid Saadaoui’s goal was to smuggle four AK-47 assault rifles, two handguns and 900 rounds of ammunition to Britain.

A few months earlier, the father of two, originally from Tunisia, had paid a deposit for weapons and admitted that he had arranged for their import with a like-minded extremist in Farouk, who was a covert operative.

He told Farouk that he could freely obtain a firearm through Sweden and indicated that he was looking to bring guns from Eastern Europe. Separately he had purchased an air weapon and visited a shooting range.

Greater Manchester Police two rifles with magazines on white background.Greater Manchester Police
When Walid Saadaoui was arrested, two assault rifles, a semi-automatic pistol and approximately 200 rounds of ammunition were found in a vehicle.

Saadaoui was arrested in a hotel car park in Bolton on 8 May 2024 when he went to collect some firearms from the back of a car, which had been disarmed.

Two assault rifles, a semi-automatic pistol and approximately 200 rounds of ammunition were found in the vehicle, prosecutors said.

But counter-terrorism police said they control the supply and distribution of weapons to protect the public.

Hussein and Bilel Saadaoui, who were both elsewhere, were arrested minutes later.

The trial heard that Walid Saadaoui was planning to “martyr himself” in the attack.

He had drawn up a will and left a copy to his brother, along with his belongings and thousands of pounds of cash to help his family.

Image of the detention of Bilel Saadaoui by GMP police. He has short black hair and a long black beard and is wearing a brown top.gmp
Bilel Saadaoui has been found guilty after a trial

Walid Saadaoui came to the attention of authorities when he used 10 Facebook accounts, none of which were in his name, to spread Islamic extremist views.

Farooq was deployed to gain her trust online and later in person.

Walid Saadaoui used a fake account to join the Facebook group of the Jewish Representative Council of Greater Manchester, posting details of a “March Against Antisemitism” held in the city centre on 21 January last year, which was attended by thousands of people.

A few days later he told Farouk, “Here in Manchester, we have the largest Jewish community.

“God wishes that we would degrade and humiliate them (in the worst possible way) and hit them where it would hurt.”

He recruited fellow IS supporter Hussein, a Kuwaiti national who worked and lived in a furniture shop in Bolton, Greater Manchester, to assist him in his plans.

The pair travel to Dover, Kent, in March 2024 to investigate how to smuggle a weapon through the port without detection.

On his return, Walid Saadaoui travelled to Prestwich and Higher Broughton in North Manchester, where he carried out similar surveillance on Jewish nurseries, schools, synagogues and shops.

GMP Amr Hussein gestures away from the camera while Walid Saadaoui stands behind him in Dover, Kentgmp
Amr Hussein and Walid Saadaoui travelled to Dover in March 2024 to assess how weapons could be smuggled into Britain.

Bilel Saadaoui of Hindley, Wigan, was aware of his brother’s plans and sympathised with the Islamic State’s views, but he didn’t plan to join the attacks.

The trial showed WhatsApp messages between the pair that “provide a flavour of their views about the Jewish people”.

In one message, Bilel Saadaoui sent Hussein a link to a news report that a bridge collapse had killed several Jewish people and added the hashtag “Dear Palestine”.

Giving evidence, Walid Saadaoui denied that his ideology was extremist and claimed he was “playing” with Farouk.

He said that their intention was to foil the plans before they came to fruition, as their aim was to cut the weapons with an angle grinder and then alert the authorities.

GMP A safe hidden in a brick house in the back garden of Bilel Saadaoui's home in Cranwood Road, Wigan, is where the cash was found following his arrest.gmp
A safe was discovered concealed within a brick structure located in the back garden of Bilel Saadaoui’s residence.

Hussain told detectives that he was not part of any terrorist attack plans and said that the undercover operative’s evidence was “hypothetical.”

He also told them, “Your government, your prime minister, has sent weapons to Israel to kill our children.

“Terrorism is our religion. The Quran says terrorism is normal. We are proud; we say we are proud of terrorism.”

His barrister told jurors that Hussain had “very strong opinions” about the conflict in Gaza but that this did not make him a terrorist.

All three defendants will be sentenced on February 13.

‘lethal Weapon’

Following the verdict, GMP Assistant Chief Constable Robert Potts said that Walid Saadau’s plan “could potentially be the deadliest terrorist attack in UK history”.

He clearly wanted a sophisticated attack with very lethal weapons to maximise Jewish deaths, as he saw this as his duty.

Frank Ferguson, head of the Crown Prosecution Service’s Special Crimes and Counter-Terrorism Division, said, “This was an extremely disturbing plot motivated by extremist ideology.”

He said Farooq was “deployed as a highly trained witness who ensured that their plot did not succeed and secured valuable evidence straight from the mouths of the terrorists.”

Mark Gardner, chief executive of the Jewish security charity Community Security Trust, praised police for foiling the plans, saying the plot would make people “very, very frightened.”.

He said that the conspirators simply wanted to kill the Jews.

“They don’t care who they are Jews. They don’t stop to ask these Jews what their opinion is of Israel or whether they support Manchester United or anything.

They have a clear intention to murder Jews. It’s just like the Nazis.”

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The US economy grows at the fastest pace in two years.

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The US economy grows at the fastest pace in two years.

Bloomberg via Getty Images Cropped shot of the bottom half of a shopper wearing jeans and carrying two brown paper Terrain bags at Broadway Plaza in Walnut Creek, California, US, on Thursday, Dec. 11, 2025. Bloomberg via Getty Images

The US economy picked up speed over the three months to September, as consumer spending jumped and exports increased.

The world’s largest economy expanded at an annual rate of 4.3%, up from 3.8% in the previous quarter. That was better than expected and marked the strongest growth in two years.

The report, which had been delayed by the US government shutdown, sheds light on an economy that has been buffeted by dramatic changes to trade and immigration policies, as well as persistent inflation and cuts to government spending.

But while that has led to sharp swings in some areas, such as imports and exports, the underlying economy has maintained solid momentum, outperforming many forecasts.

“This is an economy that has defied doom and gloom expectations basically since the beginning of 2022,” said Aditya Bhave, senior economist at Bank of America.

Speaking to the BBC’s Business Today programme, Mr Bhave described the economy as “very, very resilient”.

“I don’t see why that wouldn’t continue going forward,” he added.

The overall growth figure for the third quarter of the year was much stronger than expected, with most analysts expecting an annual pace of about 3.2%.

It was lifted by consumer spending that rose at an annual rate of 3.5%, compared with 2.5% in the previous quarter, despite a slowing job market, as households spent more on health care services.

Imports – which count against growth – continued to decline, reflecting the wave of taxes on shipments entering the US that President Donald Trump announced this spring.

Meanwhile exports, which had dropped sharply, bounced back, surging by 7.4%. Government spending also rebounded, driven by defence outlays.

Those gains helped overcome a slowdown in business investment, including intellectual property, and a housing market struggling under the weight of still-high interest rates, which have heightened affordability issues and supply constraints.

He holds the position of chief US economist at Oxford Economics.

Michael Pearce, chief US economist at Oxford Economics, said the economy was well positioned as it headed into 2026, as it starts to feel the boost from tax cuts and the US central bank’s recent moves to drop interest rates.

“Underlying measures are consistent with a solid expansion,” he said.

However, some analysts warned that rising prices faced by some households could make it difficult to sustain the unusually strong pace of growth seen in the most recent quarter.

Over the three months to September, the Fed’s preferred inflation gauge, the personal consumption expenditures price index, ticked up 2.8%, compared with 2.1% in the previous quarter, according to the report.

Analysts have warned that those price increases are weighing on lower- and middle-income households, even as higher-income households continue to spend freely.

Oliver Allen, senior US economist at Pantheon Macroeconomics, noted that some more recent surveys and credit card data suggest that households are reining in their spending.

“The weak labour market, stagnant real incomes, and exhaustion of pandemic-era excess savings all seem to finally catch up with households,” he said.

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Inside Project Sunrise plans to transform devastated Gaza into a $112 billion future ‘smart city’ with luxury resorts.

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If Trump’s bold $112 billion plan gets the nod, a futuristic smart city along a glittering Riviera could be built from the burning debris of devastated Gaza.

torn Gaza as an international destination,

The grand plan, dubbed “Project Sunrise”, aims to rebuild war-torn Gaza as an international destination, including luxury hotels and beach resorts, high-speed rail, and an AI-optimised smart grid. features,

Slides from a presentation to rich gulf countries

Project Sunrise is a plan to transform devastated Gaza into a $112 billion future ‘smart city’.
Palestinians walk among the debris after the withdrawal of Israeli forces Credit: Reuters

The Wall Street Journal reported that over 20 years, a small stretch of iconic Mediterranean coast will transform into a bustling metropolis.

Conceived by former son-in-law Jared Kushner, US special envoy Steve Witkoff and two top White House aides, Gaza has been re-imagined as a “smart city” with tech-driven governance and services.

Kushner and Witkoff were instrumental in securing a peace deal between Israeli forces and Hamas in October.

Investor countries are being invited to a 32-slide PowerPoint presentation that acknowledges “severe” destruction in Gaza and details a four-step approach to clearing debris, rebuilding the strip, and lifting Gazans out of poverty.

‘nightmare’ video

Dad finds video of Gaza doctor ‘pumping air into Israeli daughter’s veins’

home at last

After a decade-long wait, Hamas finally released the body of an Israeli soldier

“We believe what lies ahead is not just restoration – it is an opportunity to develop a gateway to prosperity in the Middle East with cutting-edge infrastructure, urban design and technology,” the presentation reads.

This slideshow presents the rich Gulf countries—Turkey, Qatar, and Egypt—as reported by the Wall Street Journal.

Unexploded bombs and Hamas tunnels will be cleared, while Gazan residents will be provided with temporary shelters and medical centers— although it does not specify where they will live during this reconstruction.

Permanent housing, medical facilities, schools and religious sites will begin prior to the construction of lavish beach properties and modern transportation hubs.

70 per cent of Gaza’s coastline should be monetised.

By the 10th year, 70 per cent of Gaza’s coastline should be monetised, with the reported proposal estimating that the strip could generate more than $55 billion in long-term investment returns.

Secretary of State Marco Rubio expressed the US’s “high confidence” in finding donors for the reconstruction effort.

“You’re not going to convince anyone to invest money in Gaza if they think there’s going to be another war in two or three years,” he said.

The destroyed city of Rafah will become the “new Rafah”—described in the slides as the centre of Gaza’s governance and home to more than 500,000 residents.

The proposal was developed over the past 45 days and could be implemented within two months if security conditions permit.

This is not the first time that the bombed-out Gaza Strip has been imagined as a capitalist paradise, full of a high, gold-covered statue of Trump himself.

Trump unveiled his bizarre AI-generated vision for Gaza earlier this year, which included casino hotels, giant golden statues of himself and futuristic skyscrapers.

The video posted on his Social also shows bearded dancing girls, with Elon Musk dancing under falling cash. And the US President stands next to a semi-nude belly dancer in a bar.

Trump plans to turn Gaza into the “Riviera of the Middle East” and previously shared AI photos of his controversial plans for the enclave.

The new Rafah will replace the current destroyed city
Donald Trump’s AI vision for Gaza includes a golden statue of him Credit: Instagram
According to Israel, a CGI image depicts what Gaza could potentially look like. Credit: Israel PMO

The tear-jerking video shows his vision of bombed-out Gaza, where 48,000 people are reported to have been killed, which has been rebuilt as a luxurious holiday destination.

The new 30-second clip begins with Hamas fighters and children standing on a debris-covered street and poses the question: “Gaza 2025. What’s next?”

Netanyahu has also shared a comprehensive vision for Gaza.

Complete with surreal CGI imagery, the Israeli Prime Minister unveils a blueprint for redeveloping Gaza into an idyllic urban and rural settlement.

The proposal aims to transform war-torn Gaza from a bastion of terrorism into a shining gem in the Middle East landscape.

The proposal promised to take Gaza “from crisis to prosperity” through “US dominance” and rebuild the enclave “from scratch.”

Ultra-modern mock-up images show the Strip as a utopian zone, rich with high-tech projects and direct connections to other countries.

Netanyahu’s photos show Gaza’s rural and urban redevelopment Credit: Israel PMO
It will be full of tall skyscrapers Credit: Israel PMO
Buildings lie in ruins amid debris in Rafah. Credit: Reuters



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The government foils an agricultural inheritance tax plan.

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PA Media A tractor near Elizabeth Tower in central Londonpa media
Farmers again protested against changes in last month’s budget

Government proposals to tax inherited agricultural land have been weakened, with the planned threshold raised from £1m to £2.5m.

The drop follows months of protests by farmers and concern from some Labour backbenchers.

In last year’s budget, ministers said they would start imposing a 20% tax on inherited farm properties worth more than £1 million from April 2026. The government is ending the 100% tax relief that has been in place since the 1980s.

In an announcement made after MPs left Parliament for the Christmas holidays, Environment Secretary Emma Reynolds said, “We have listened carefully to farmers across the country, and we are making changes today to protect more ordinary family farms.”

“It is right that larger properties contribute more, while we support the farms and commercial businesses that are the backbone of Britain’s rural communities,” he said.

The National Farmers Union’s head, Tom Bradshaw, applauded the change, stating on BBC Radio 5 Live that it “protects numerous family farms from the impact of a severe storm”.

Gavin Lane, chairman of the Country Land and Business Association, said, “The Government deserves credit for recognising the flaws in the original policy and changing course.

“However, this declaration only limits the damage – it does not eliminate it completely.

“Many family businesses will have such expensive machinery and land that their value exceeds the threshold, yet they operate on such narrow profit margins that it becomes unaffordable to bear the tax burden.”

Ben Ardern, a Derbyshire farmer, expressed his approval to the BBC, calling it a positive step.

The government should exempt family farms.

He stated that the government should exempt family farms from the tax and only impose taxes on those who can afford to pay them.

“Big corporations that just hid money in land—they’re not farmers; they did it to avoid taxes. Farmers didn’t buy land to avoid taxes; we bought land to farm and grow food.”

A man stands in front of a tractor and near a sign that reads:
Ben Ardern, a third-generation beef and dairy farmer from Buxton, has organized a protest against the tax

Farmers have regularly protested outside Parliament in the 14 months since the initial proposal’s announcement.

Some Labour MPs from rural areas have also expressed concerns. In a recent parliamentary vote on the plan, a dozen backbenchers abstained and one, Marcus Campbell-Severs, voted against it.

Campbell-Severs was later suspended for voting against the government, meaning he now sits as an independent MP.

John Whitby, a Labour MP from the rural research group of backbenchers, said the government’s easing the inheritance tax was “fantastic news.”

But a Labour source described the timing of the change as “bizarre”.

He said many MPs would be angry because “they were recently forced to vote for it.”

“This fight is not over,” Conservative leader Kemi Badenoch said in a post on social media.

“Other family businesses are still affected by Labour’s tax raids, and we will keep applying the pressure until the tax is lifted from them too.”

Liberal Democrat spokesman Tim Farron MP said, “It is completely inexcusable that family farmers have had to endure more than a year of uncertainty and suffering since these changes were first announced by the Government.

“We demand that the government scrap this unfair tax altogether and if they refuse, the Liberal Democrats will table an amendment in the New Year to reduce it.”

Richard Tice, deputy leader of Reform UK, said: “This scandalous drop – although better than nothing – does little to address the year of anxiety that farmers have faced in planning to protect their livelihoods… With British agriculture hanging on by a thread, the government must step up and end this harsh farm tax.”

In her first budget in 2024, Chancellor Rachel Reeves announced she would reverse the 100% inheritance tax relief on agricultural properties that had been in place since the 1980s.

The move would see inherited agricultural properties worth more than £1m taxed at 20%, half the standard inheritance tax rate, raising an estimated £520m a year by 2029.

The government had argued that the change would protect small farms while preventing wealthy investors from purchasing agricultural land as a way to avoid taxes.

However, it has now backtracked on the original proposal to raise the threshold level to £2.5m.

Combined with an exemption that allows farmers to pass tax-free assets to their spouses, this new government concession means a couple can give away up to £5 million in qualifying assets without paying tax.

Above the limit, a relief of 50% will be applied to the remaining assets.

According to the government, the number of estates in the UK expected to pay more inheritance tax in 2026/27 will fall from around 2,000 under the original plans to 1,100 under the new proposal.

A Treasury source said changing the limit would cost the government £130 million, but there were “no plans” to scrap the policy altogether.

“The principle remains to reform the tax system,” the source said. “It’s true that the wealthiest estates contribute fairly, but smaller farms will receive assistance.”

The government has made a series of U-turns since its election in July 2024, with this decline being the latest.

Earlier this year, the government effortlessly reduced the winter fuel payment and abandoned its plans to reduce the welfare bill by £5 billion.

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Panic in Türkiye due to a plane crash; the death of a senior military commander was confirmed. world | news

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Libyan army chief has died in a plane crash. All those on board the ship are believed to have perished as well.

The country’s Prime Minister Abdul-Hamid Dbeibah confirmed his death in a statement, while the interior minister claimed all evidence pointed to a technical malfunction.

The Prime Minister described the general’s death as a tremendous loss to the nation.

Video images posted on social media channels reportedly show wreckage of the plane scattered around the crash site.

Air traffic controllers lost contact with the Dassault Falcon 50 jet about 30 minutes after it took off from Esenboga Airport on Tuesday evening.

Libya’s Chief of General Staff, General Mohammed Ali Ahmed al-Haddad, was aboard the private jet.

Five members of his crew, along with two pilots and a cabin crew member, are believed to be on board. The general had earlier on Tuesday spoke with Turkish Defence Minister Yasar Guler.

Witnesses reported hearing two explosions near the airport, and nearby CCTV cameras captured sudden lights in the night sky.

Turkish Interior Minister Ali Yerlikaya posted a statement on his social media page confirming that contact with the plane had been lost.

“Contact has been lost with the Falcon 50-type business jet, tail number 9H-DFJ, which took off from Ankara Esenboga Airport to Tripoli at 20:10 this evening, as of 20:52.”

“An emergency landing report was received from the aircraft near Hemana; however, contact with the aircraft could not be re-established thereafter.

The plane was carrying five passengers. 

“The plane was carrying five passengers, including the chief of the Libyan General Staff, General Muhammad Ali Ahmed al-Haddad. The public will be informed about the developments.”

Officials said a search and rescue team has been sent to the area. There are also reports that the wreckage of the plane has been found.

The Libyan general discussed defence cooperation and regional security during talks with his Turkish counterpart, General Selçuk Bektaroglu.

Delegation-level meetings were also held, in which Turkish Land Forces Commander General Metin Tokel and Libyan Land Forces Commander Lieutenant General Futuri Griebel joined the discussions.

Ankara has close ties with the UN-backed government in Tripoli, to which it provides economic and military assistance.

Al-Haddad was the top military commander in western Libya. He played a key role in the ongoing UN-brokered efforts to unify the Libyan military, which has become as divided as Libya’s institutions.



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Here are today’s stock recommendations by brokers for Groww, Lenskart, and more — check the details.

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Here are today’s stock recommendations by brokers for Groww, Lenskart, and more — check the details.

Groww, Lenskart & more: Stock recommendations by brokers for today — check details

Jefferies has initiated its coverage of Groww with a buy recommendation and a target price of Rs 180.

Analysts said Groww is the largest broker in India in terms of active clients, despite starting the business in FY21.

They believe Groww has several levers to drive a 35% compounded annual growth rate (CAGR) of its earnings per share (EPS) over FY26-FY28.

These include 19% growth in the broking business led by client vintage and market share gains, 5x growth in new initiatives like margin trading facility and wealth management, and 700 basis points margin expansion.

IIFL Finance has initiated its coverage of Firstsource Solutions with a buy recommendation and a target price of Rs 420. Analysts said that the company is the largest and well-diversified pure-play BPO services provider in India with annualised revenue of over $1 billion.

Groww has several levers to drive a 35% compound.

This puts the company in an advantageous position in terms of both scale and agility.

With its UnBPO approach, it is leading the paradigm shift in BPO industry from scale/labour arbitrage to tech-arbitrage driven by an inch-wide, mile-deep approach; domain-contextualised technology;

outcome-orientated approach with 50%+ of its revenues based on outcome-based pricing; and an agile business model.

Turnaround over the last two years was driven by the new CEO under One Firstsource Strategy has been credible.

resulting in a marked pick-up in large deal-wins from about one-per-quarter in FY24 to 4-5-per-quarter in FY26; strong new/strategic logo wins;

increasing clients across revenue buckets; strong annual contract value and larger deal sizes. Macquarie initiated its coverage of Lenskart with an outperform rating and a target price of Rs 530.

Analysts said India’s leading eyewear retailer, with an integrated supply chain, enjoys a competitive edge in cost, design, and efficiency against its peers.

The company has a proven history of industry-leading growth and enhances the outlook on market share gains from the current 5% closer to the 40%+ seen in other countries.

Improved supply chain utilisation should move earnings before interest,

taxes, depreciation and amortisation (EBITDA) margin near 33% store-level margin and triple return on invested capital (ROIC) to 20%+ over FY26-FY28. CLSA has a hold rating on Voltas with the target price at Rs 1,170.

Analysts said that the company’s management indicated room air conditioner (RAC) demand improved sequentially in Q3FY26, though it may still decline on an annualised basis.

Inventory, while down sequentially, remains elevated at 40–45 days against 20–25 days last year, with some instances of pre-buying due to energy efficiency (BEE table) changes.

The company’s pricing strategy remains under evaluation, with multiple factors being considered to decide on the percentage of pass-through to end users.

A demand recovery in the RAC segment and developments around price hikes remains key near-term triggers for business.

analysts said. Goldman Sachs has a buy rating on Max Healthcare with the target price at Rs 1,325. Analysts said that the company recently announced entry into the Pune market via acquisition of Yerawada Properties.

Investors anticipate a step-up in the purchase of an equity stake. In the first tranche,

The company intends to acquire 100% of Class A equity shares, representing 100% of voting rights and 50.22% of economic interest in YPPL. No other details on remaining ownership were shared.

Additionally, the board has also approved the setting up of a 450-bed super speciality hospital on the land owned by YPPL. (Disclaimer:

Recommendations and views on the stock market, other asset classes and personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India.

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