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Donald Trump to appoint immigration hawk Stephen Miller as deputy chief of staff

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Donald Trump is to appoint Stephen Miller as his deputy chief of staff for policy, putting the immigration hardliner in a top role in the White House.

During his election campaign the president-elect said that one of his immediate priorities once in the White House would be to usher in “mass deportations” of millions of people living in the US illegally.

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Miller has for years been among the most vocal and influential immigration hawks in Trump’s inner circle. The appointment of the 39-year-old will put the conservative firebrand and longtime adviser at the heart of the president-elect’s effort to reduce illegal immigration.

JD Vance, the vice-president-elect, congratulated Miller in a post on X on Monday, calling his selection, which was first reported by CNN, “another fantastic pick by the president”.

A spokesperson for the Trump transition team did not respond to a request for comment. Miller did not respond to a request for comment.

A junior Senate staffer who rose quickly through the ranks of the Republican party to become highly influential in Trump’s first administration, Miller was credited with writing some of his most incendiary speeches — including Trump’s 2017 inaugural address, in which he vowed to end what he described as “American carnage”, a dystopian view of an impoverished, crime-ridden country.

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He also drafted many of Trump’s most polarising immigration policies, including the travel ban on visitors from Muslim-majority countries and the policy of separating migrant children from their parents.

Miller — who has been president of America First Legal, a non-profit conservative legal group, since Trump left office — has continued to espouse hardline views on immigration in particular.

American First Legal last week celebrated a Texas federal court judge’s ruling striking down the Biden administration’s effort to provide legal status for hundreds of thousands of undocumented spouses of US citizens.

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At Trump’s campaign rally at Madison Square Garden last month, Miller said America was “for Americans and Americans only”.

News of Miller’s appointment came just one day after Trump said he had chosen Tom Homan as a so-called border tsar to implement his plans to crack down on undocumented immigrants crossing the US-Mexico border, and deport those already in the US.

Like Miller, Homan is a veteran of the first Trump administration: he was acting director of the Immigration and Customs Enforcement agency when the president-elect was previously in the White House.

“Tom Homan will be joining the Trump Administration, in charge of our Nation’s Borders (“The Border Czar”), including, but not limited to, the Southern Border, the Northern Border, all Maritime, and Aviation Security,” Trump said in a post on Truth Social, his social media platform, on Sunday.

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“I’ve known Tom for a long time, and there is nobody better at policing and controlling our Borders,” Trump added. “Likewise, Tom Homan will be in charge of all Deportation of Illegal Aliens back to their Country of Origin.”

Trump has moved quickly to make several high-profile appointments for his second administration since his overwhelming victory over Kamala Harris last week. The president-elect last week named Susie Wiles, his 2024 campaign manager, as his White House chief of staff, and on Monday separately confirmed he had chosen New York congresswoman Elise Stefanik to be the next US ambassador to the UN.

Additional reporting by James Politi in Washington

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Business

For Honeywell, not breaking up will be hard to do

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A man walks past the Honeywell booth at the China International Import Expo in Shanghai

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Honeywell International is doing its best to rehabilitate the idea of the industrial conglomerate. Elliott Management, an activist investor, has other ideas.

Elliott has amassed a $5bn — or 3 per cent — stake in the $151bn conglomerate. It is calling on the company, which makes everything from cockpit controls to warehouse robots, to split itself up into two standalone businesses: one focused on aerospace, the other on automation.

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Honeywell does not seem to have got the memo that conglomerates have become achingly unfashionable. At a time when the global trend is for industrial empires to break up and generate returns by specialising in a single area of business, boss Vimal Kapur has been bulking up.

Indeed, in just 17 months on the job, he has spent nearly $10bn on acquisitions, such as a $5bn swoop on Carrier Global’s security access business.

Kapur is sticking to the idea that Honeywell can thrive as a conglomerate by shedding slower-growing, low-margin businesses and buying higher-growth ones. Alongside the acquisitions, it has announced plans to spin off its advanced materials unit into a publicly traded company and is looking to divest its personal protective equipment business.

Even so, Honeywell’s finances suggest it’s time for something more decisive. Its $5.7bn in earnings and $37bn of revenue last year are both less than what it pulled in 2019. Honeywell shares have lagged behind the wider market this year. Before the news of Elliott’s stake, the stock had risen just 12 per cent while the S&P 500 gained 26 per cent.

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Compare that with General Electric, a conglomerate that did get the message that smaller is better. GE shareholders have in effect enjoyed a 160 per cent return since turnaround chief Larry Culp announced a three-way break-up in November 2021, Lex calculates. That beats the S&P 500 index’s 27 per cent gain and Honeywell’s 2 per cent rise over the same period.

Elliott makes a good case that a divided Honeywell would be more valuable. Making aeroplane engines has little in common with making electronic door locks. Aerospace operates on decade-long timelines, while the automation business requires a shorter-term outlook.

The activists also reckon a separation could push up the share price by 51 to 75 per cent in the next two years. Sum-of-the-parts analysis from Jefferies and Deutsche Bank suggest more modest upsides. But if M&A roars back under Donald Trump, a break-up could lead to future deals, with Honeywell’s pieces as targets. Honeywell Aviation could be a good fit with GE Aviation, for example. Pressure to shrink to greatness will be hard to resist.

pan.yuk@ft.com

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Lidl’s Coca-Cola truck rival to hit roads in HOURS – giving away free ‘mystery boxes’ with middle aisle must-haves

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Lidl’s Coca-Cola truck rival to hit roads in HOURS - giving away free ‘mystery boxes’ with middle aisle must-haves

IN just a few hours Lidl’s version of the Coca-Cola truck takes to the roads to spread festive joy and give away free gifts.

The discount retailer launched its rival to the iconic red Christmas truck this year for the very first time.

Lidl's answer to the iconic Coca-Cola Christmas truck will appear on the roads of Britain in a few hours

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Lidl’s answer to the iconic Coca-Cola Christmas truck will appear on the roads of Britain in a few hoursCredit: Lidl
The truck will arrive at each stop around midday and will be giving out freebies until 6 pm

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The truck will arrive at each stop around midday and will be giving out freebies until 6 pmCredit: Lidl

Lidl‘s Freeway cola truck will begin its tour of Great Britain on Thursday.

The festive tour will see the truck visit nine different cities until December 1.

Tomorrow, the lit-up red lorry will pull into Dundee and the fun will begin at midday, ending at 6 pm.

The timings stay the same for all locations.

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People who are lucky enough to spot the red truck will find that 2,000 mystery present boxes will be given out.

Each box contains several items from Lidl’s famous “middle aisle.”

However, it is on a first-come-first-serve basis so you must hurry to grab one.

As an extra treat, Lidl has ensured that one in 10 of the boxes contains a “Golden Ticket” as well as the middle aisle freebies.

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This ticket will be a coupon worth £100 that can be redeemed on the Lidl Plus app.

Visitors will also find that Lidl will be handing out festive food and even granting wishes.

Christmas has landed in Aldi – with £3.49 decorations and ‘paint your own’ wooden toys that are even cheaper than Lidl’s

The supermarket chain said visitors to the truck can also make a “wish” for something they want this Christmas, with the retailer granting a number of them.

The full list of locations the truck will visit, and the dates it will arrive there are as follows:

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  • Dundee – November 14
  • Harrogate – November 16
  • Hull – November 17
  • Nottingham – November 21
  • Wolverhampton – November 23
  • Wrexham – November 24
  • Luton – November 28
  • Bournemouth – November 30
  • Southampton – December 1

As Lidl hopes to “highlight the magic of giving, sharing and wish-making this Christmas with a pop-up wonderland at each stop,” Coca-Cola has also detailed some of the plans for its truck this year.

Why is the Coca-Cola truck famous?

The Coca-Cola Christmas truck was first seen in the brand’s hugely popular 1995 advert.

At the time they were known as Christmas Caravans and were decorated with images of the Coca‑Cola Santa by artist Haddon Sundblom.

The 60-second clip features the now-iconic Holidays Are Coming song, which is still synonymous with Coca-Cola to this day.

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The truck began touring the US in 2001 but didn’t start visiting the UK until 2010.

The drinks company confirmed the return of the iconic truck last week promising that the tour this year will be “bigger and better than ever.”

Visitors will be able to take part in festive games and a lucky dip which will give them the chance to win exclusive Coca-Cola merchandise.

A food truck will serve up seasonal food and ice-cold Coca-Cola Zero Sugar drinks.

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The exact dates and locations have not yet been released as Coca-Cola urges fans to keep their eyes out for updates on its Instagram and X pages.

Last year, the truck visited some of the UK’s most major cities including Glasgow, Edinburgh, Liverpool and Manchester.

It started on November 23 and ended on December 3, so the wait should not be too long.

Cola-Cola has remained tight-lipped about its 2024 tour that promises to be 'bigger and better than ever'

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Cola-Cola has remained tight-lipped about its 2024 tour that promises to be ‘bigger and better than ever’

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CryptoCurrency

Curve Finance launches 'Savings crvUSD' yield-bearing stablecoin

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Curve Finance launches 'Savings crvUSD' yield-bearing stablecoin


Ensuring that decentralized finance platforms and networks do not remain siloed is a key hurdle for DeFi applications to overcome.



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CryptoCurrency

Price analysis 11/13: BTC, ETH, SOL, BNB, DOGE, XRP, ADA, SHIB, TON, AVAX

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Price analysis 11/13: BTC, ETH, SOL, BNB, DOGE, XRP, ADA, SHIB, TON, AVAX


Bitcoin is showing no signs of stopping its advance toward $100,000, and several altcoins look poised to follow.



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CryptoCurrency

S. Korean influencer allegedly led $232M crypto scam, 215 arrested

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S. Korean influencer allegedly led $232M crypto scam, 215 arrested


South Korea has been taking steps to suppress crypto scams. This latest one is the biggest ever though.



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CryptoCurrency

XRP 'god candle imminent' with $2 end of the year target — Analyst

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XRP 'god candle imminent' with $2 end of the year target — Analyst


XRP price could imitate and “pull like Dogecoin” if a bullish chart pattern is confirmed.



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