ERDOGAN said no one should doubt we will take the necessary political and administrative measures.

IMF Managing Director Georgieva said the AI build-out boom and energy and food shocks are driving inf; tariffs, large defence spending and high public debt could further raise inf.

Trump's tariffs on Canada have widened political space for Canada's prime minister Mark Carney to accelerate industry, energy and infrastructure reforms, foreign media report. The former central-bank governor is prioritizing removal of investment barriers, rolling back select previous regulations and giving the federal government stronger powers to fast-track approvals for infrastructure and energy projects. A priority is a new west-coast crude pipeline, designated last week as a "national interest project", effectively receiving in‑principle pre-approval subject to conditions. Carney is also advancing broad regulatory reform he calls "the most ambitious reforms to boost Canada's construction capacity in a generation." He enters the push with strengthened political capital—support rose to a new high this fall and polls show broad public backing for his plans.