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Here's a rundown of all the news you need to start your Saturday, including President Donald Trump's calling recent US strikes on Nigeria a "Christmas present" to ISIS terrorists, Israel sparking a wave of international criticism over its decision to become the only country to recognize Somalia's breakaway region of Somaliland, and Thailand and Cambodia arrive at a temporary ceasefire after three weeks of resumed border clashes.
TOP STORIES
US President Donald Trump on Friday described late-Thursday strikes on alleged ISIS (Daesh) targets in Nigeria as a "Christmas present" to the terror group.
"Tens of thousands of Christians" are being killed in Nigeria, Trump claimed in an interview with broadcaster WABC radio, adding that he had warned the Nigerian government about consequences. Authorities in the West African country have denied such claims, maintaining that attacks there are driven by criminal motives, land disputes, and resource competition, rather than religious faith.
"I said yesterday, 'Hit them on Christmas Day. It will be a Christmas present'," Trump said, adding that US forces struck ISIS "hard" in different locations.
Nigeria confirmed early Friday that it continues collaborating with the US on security matters to address the ongoing threat of terrorism and violent extremism.
In a move that sparked strong rejection from Somalia and other countries in the region, Israel on Friday announced its recognition of the Horn of Africa country's breakaway region of Somaliland as an independent state.
The move was unlawful and amounted to a violation of sovereignty and territorial integrity, the office of Somali Prime Minister Hamza Abdi Barre said in a press release, reaffirming the government’s “absolute and non-negotiable commitment to its sovereignty, national unity, and territorial integrity.”
“The Federal Government of Somalia categorically and unequivocally rejects the deliberate attack to its sovereignty and the unlawful step by Israel purporting to recognize the northern region of Somalia,” the statement said.
Regional organizations, including the African Union, Arab League, and Gulf Cooperation Council, also rejected the move, along with numerous countries such as Türkiye and Saudi Arabia.
Cambodia and Thailand agreed to an immediate 72-hour ceasefire along their shared border to halt three weeks of fighting that left dozens dead and many others injured, official said on Saturday.
The agreement was announced in a joint statement issued after a meeting of the 3rd Special General Border Committee (GBC), a body co-chaired by the defense ministers of both Southeast Asian countries, according to Cambodian Prime Minister office.
The ceasefire will take effect on Saturday starting at noon local time (0500GMT).
Under the arrangement, both sides commit to halting all armed hostilities and pledge to avoid unprovoked fire, troop advances, or movements toward each other’s positions.
NEWS IN BRIEF
BUSINESS & ECONOMY
The Russian government is working to establish an Islamic bank in the country, the head of the Financial Markets Committee of the State Duma, lower house of the Russian parliament, announced Friday.
Anatoly Aksakov made the remarks at an event in Kazan, the capital of the Russian Republic of Tatarstan.
He said that they are consulting with business leaders and Muslim representatives in Russia regarding the establishment of an Islamic bank, adding: "We are also in discussions with Arab countries to establish such a bank."
Global markets are seeking direction in the few open stock exchanges and futures markets, as major US and European exchanges have been closed since Thursday due to Christmas.
According to analysts, trading volume is expected to be low when markets open on Friday, and price fluctuations may be steeper due to thin market conditions.
As markets prepare to wrap up the eventful 2025, investors are focused on who will replace Fed Chair Jerome Powell.
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