United States of America
California voters rejected Proposition 40, a one-time tax on the net worth of billionaires, with The Associated Press calling the result Monday at 52.8% opposed and 47.2% in favor. The race took nearly a week to settle as mail ballots were counted.
California Voters Reject Prop 40 Billionaire Wealth Tax
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Europe
Eurozone finance ministers said Friday they had received two nominations to succeed European Central Bank (ECB) President Christine Lagarde: Spain's Pablo Hernandez de Cos and Klaas Knot of the Netherlands. Lagarde announced plans last week to step down in February.
De Cos, Knot Nominated to Succeed Lagarde at ECB
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Economic conditions & trends
Tesla will wind down Cybertruck production at its Gigafactory Texas around the middle of 2027 to free capacity for the Cybercab, CEO Elon Musk said Friday on X. The pickup's lead engineer referred to the truck in the past tense in a follow-up post.
Tesla to End Cybertruck Production in 2027 for Cybercab
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United States of America
The U.S. national average for regular gasoline slipped below $4 a gallon Tuesday for the first time since July, reaching $3.98, according to AAA. The price was $4.15 a week earlier and $4.37 a month ago, part of a decline that began in late September.
Gas Falls Below $4 a Gallon, First Time Since July
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Czechia
Thousands filled Prague's Old Town Square and nearby streets Sunday for a rally titled "Hands Off the Media" against government plans to overhaul public broadcaster funding, prompting police to restrict pedestrian access on some streets.
Thousands Rally in Prague Over Public Media Funding Bill
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