United States
Companies
Markets react positively to predictions of widespread US deregulation.
Regulation
Treasury secretary Jerome Powell says he will not step down if president-elect Trump tries to fire him, currency markets pick up.
SEC office of Inspector General says the agency needs more robust policies to deal with post-Loper Bright legal challenges.
California defeats First Amendment challenges to its climate disclosure rules.
Asia
Bowing to US pressure TSMC (subscription) will no longer make advanced AI chips for Chinese customers.
Australia
Business scandals illustrate the scale of corporate culture problems (subscription) in the country.
EU
Insurers estimate payouts to flood victims in Spain will cost over $3.8bn illustrating the consequences of catastrophic weather events.
International
The ISSB has published key takeways from the IFRS Foundations’s Integrated Thinking and Reporting Conference suggesting that using the IFRS S1 and IFRS S2 standards has benefits for preparers publishing integrated reports.
Rodrigo Buenaventura has been appointed the Secretary General of IOSCO.
Canada
Canada orders the closure of Tiktok’s Canadian entity over security concerns, but app will remain usable.
United Kingdom
A cyber attack on Microlise (subscription), a provider of tracking software, disabled tracking devices and panic alarms on Serco prison vans.
The UK’s Treasury may have breached its legal obligation by failing to disclose UK government overspend.
