TikTok starts restoring service in the US after shutting down over divest-or-ban law. TikTok began restoring service to users in the United States following a temporary and voluntary shutdown that lasted less than a day. (CBS)

Israeli security cabinet approves Gaza hostage and ceasefire deal. The Israeli cabinet will convene on Friday to approve the Gaza hostage and ceasefire deal, which the smaller security cabinet has already approved. (Axios) 

US firms boost imports ahead of Trump tariffs. U.S. imports from China finished the year strong after some companies stockpiled shipments of apparel, toys, furniture and electronics ahead of President-elect Donald Trump’s plan to impose new tariffs that could revive a trade war between the world’s economic superpowers. (Al Jazeera) 

ECB should not rush rate cuts, policymaker Joachim Nagel says. The European Central Bank should not rush to lower interest rates because inflation remains high and uncertainty great, Nagel said in an interview published on Friday. (Reuters) 

Saudi Arabia vows to be ‘fast and furious’ in mining as it reveals $100 billion investment. Saudi Arabia is pushing ahead to put itself on the global critical minerals map, announcing a number of deals, investment plans and discoveries at its annual Future Minerals Forum in the capital Riyadh. (CNBC) 

US mid-sized banks ride industry upswing on robust fee income. A raft of U.S. banks reported higher fourth-quarter profits on Friday, extending a winning streak for the industry as an upswing in capital markets alleviated a hit from weaker loan demand. (Reuters) 

Japan’s tourist arrivals hit all-time high as weak currency draws masses. Japan welcomed the most visitors in history in 2024, as the country’s weak currency fueled a tourism boom, according to official figures. (Al Jazeera) 

New Zealand won’t ‘get rich’ by focusing trade in the South Pacific alone, PM says. New Zealand’s prime minister told CNBC the country has to look beyond its own backyard for trade opportunities, as the South Pacific Island nation signs an economic partnership with the United Arab Emirates (UAE). (CNBC) 

World Bank says the global is economy is growing steadily, but not fast enough to help ease poverty. The global economy is growing steadily in the face of war, protectionist trade policies and high interest rates. It just isn’t growing fast enough to bring relief to the world’s poorest, the World Bank said Thursday in its latest assessment of the global economy. (AP) 

First look: Mayors across US warn of worsening housing crisis. Mayors across the country, representing nearly 35million Americans, are warning of a severe and worsening housing shortfall, according to a new survey from the U.S. Conference of Mayors. (Axios) 

DHL Supply Chain preps reverse logistics expansion via acquisition. Inmar Supply Chain Solutions, a division of Inmar Intelligence, offers return solutions for the retail e-commerce industry. DHL Supply Chain said the acquisition will significantly increase its reverse logistics capacity and solution offerings in North America. (Supply Chain Dive) 

FDIC sues 17 former Silicon Valley Bank executives over collapse. The FDIC sued 17 former executives and directors of Silicon Valley Bank on Thursday, seeking to recover billions of dollars for alleged gross negligence and breaches of fiduciary duty that caused the bank’s March 2023 collapse, one of the largest US banking failures. (CNN Business)