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Joe Biden prepares to bow out

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Joe Biden prepares to bow out

This article is an on-site version of our The Week Ahead newsletter. Subscribers can sign up here to get the newsletter delivered every Sunday. Explore all of our newsletters here

Hello and welcome to the working week.

On Monday, the US Congress will preside over the electoral college vote count, which will certify Donald Trump’s election victory. Although this is typically no more than a small formality, the last occurrence four years ago was tarnished by the attack on the US Capitol building.

The Biden administration’s days are numbered. The FT’s Washington team will be keeping a close eye on any last-minute initiatives from the White House over the coming days, especially on Ukraine and the climate, as the outgoing president looks to consolidate his legacy.

Secretary of State Antony Blinken will meet South Korean foreign minister Cho Tae-yul on Monday, the first high-level diplomatic talks since President Yoon Suk Yeol’s impeachment. (Last week’s Lunch with the FT is an illuminating guide to Blinken’s foreign policy thinking.) Over the coming days, South Korea’s main opposition, the Democratic party, plans to summon Yoon to a parliamentary hearing and appoint special counsels to investigate his failed bid to impose martial law.

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On Friday, Trump is set to appear for sentencing in the New York “hush money” criminal case. Justice Juan Merchan, who has presided over the trial, signalled in last week’s order that the president-elect could attend the hearing virtually and would not face jail time over the conviction.

That same day, the US Supreme Court will hear arguments on a law that would outlaw TikTok in the country if it is not sold to an American company. The ban is set to come into effect on January 19, a day before Trump’s inauguration. However, the president-elect has urged the court to delay the ban, saying he would prefer “to pursue a political resolution” instead.

Venezuela’s President Nicolás Maduro is set to be sworn in for a third term following his disputed election victory in July. Since the vote, Maduro has clamped down on his political opponents. Dozens of human rights campaigners and journalists have had their passports cancelled and opposition leader Edmundo González has sought political asylum in Spain. Expect a tightly choreographed show of power as his government remains on high alert.

There are a raft of trading updates from UK retailers this week, including Tesco, Sainsbury’s and Marks and Spencer. Anticipate analysis on what the reports reveal about consumer strength this Christmas season. Moreover, analysts will study the reports for clues on which supermarkets will be able to withstand the headwinds from the Labour party’s Budget in 2025, as increased employers’ national insurance contributions squeeze grocers’ margins.

One more thing . . . 

It’s a big week for film and TV. Movie buffs can binge-watch the Critics Choice Awards, the National Board of Review gala, the AARP awards and the Golden Globes over the coming days. I won’t be joining them. I haven’t watched much of anything this year. And shamefully, I missed all 10 of our film critic’s best films of 2024.

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What must-see film of the last 12 months did I miss? Let me know at harvey.nriapia@ft.com.

Key economic and company reports

Here is a more complete list of what to expect in terms of company reports and economic data this week.

Monday

Tuesday

Wednesday

Thursday

  • Greggs Q4 trading update, B&M Q3 trading statement, Marks and Spencer Christmas trading update, Tesco Q3 and Christmas trading statement

  • Peru interest rate

  • Bank of Mexico monetary policy minutes

Friday

World events

Finally, here is a rundown of other events and milestones this week.

Monday

  • US Congress meets to certify Trump’s election

  • Antony Blinken to meet South Korean Foreign Minister Cho Tae-yul

  • Golden Globe Awards

  • Malaysia’s court of appeal to hear jailed former prime minister Najib Razak’s bid for house arrest

  • Epiphany

Tuesday

Friday

  • US Supreme Court to hear arguments on a law that would ban TikTok if it is not sold to an American company

  • Venezuela’s Nicolás Maduro to be sworn in for a third term following his disputed election victory

  • President Joe Biden to meet Pope Francis and Italian Prime Minister Giorgia Meloni in Rome

  • Donald Trump to be sentenced in ‘hush money’ trial

Saturday

Sunday

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US Election countdown — Money and politics in the race for the White House. Sign up here

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Defense Lawyers Seek to Block Special Counsel Report in Trump Documents Case

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Defense Lawyers Seek to Block Special Counsel Report in Trump Documents Case

Defense lawyers asked both the Justice Department and a federal judge on Monday night to stop the special counsel, Jack Smith, from publicly releasing a report detailing his investigation into President-elect Donald J. Trump’s mishandling of classified documents after he left office in 2021.

The two-pronged attempt to block the report’s release arrived as Mr. Trump was only two weeks away from being sworn in for a second term as president. With the case against Mr. Trump already dismissed, the report would essentially be Mr. Smith’s final chance to lay out damaging new details and evidence, if he has any.

Mr. Trump’s lawyers, in an aggressively worded letter to Attorney General Merrick B. Garland, said they had recently been shown a draft copy of Mr. Smith’s report, calling it an example of the special counsel’s “politically motivated attack” against Mr. Trump. They demanded that Mr. Garland not allow Mr. Smith to make the report public and “remove him promptly” from his post.

“The release of any confidential report prepared by this out-of-control private citizen unconstitutionally posing as a prosecutor would be nothing more than a lawless political stunt, designed to politically harm President Trump,” the lawyers wrote. In separate court papers, lawyers for Mr. Trump’s two co-defendants in the classified documents case, Walt Nauta and Carlos De Oliveira, sought a more direct path toward stopping the release of Mr. Smith’s report. They asked the judge who oversaw the case, Aileen M. Cannon, to issue an emergency order to bar Mr. Smith from making the report public until the case “has reached a final judgment and appellate proceedings are concluded.”

Both attempts to block Mr. Smith could face an uphill battle.

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Mr. Trump’s lawyers have no power to force Mr. Garland to stop the report from coming out, and their letter amounted to little more than a belligerent request. It is also unclear whether Judge Cannon would have the authority to tell the attorney general how to handle a report by a special counsel that he himself appointed, especially when the case is technically out of her hands and in front of an appeals court.

That happened because Judge Cannon threw out the case in its entirety in July, ruling, in the face of decades of precedent, that Mr. Smith had been unlawfully appointed as special counsel. Mr. Smith and his deputies challenged that decision, and it was being considered by a federal appeals court in Atlanta when Mr. Trump won the election in November.

Citing Justice Department policy against prosecuting a sitting president, Mr. Smith dropped the appeal where Mr. Trump was concerned, effectively ending his role in the case. But he did not drop the appeal against Mr. Nauta and Mr. De Oliveira, and federal prosecutors in Florida now plan to pursue it when Mr. Smith steps down, likely before Inauguration Day on Jan. 20.

Mr. Smith has also moved to dismiss the other federal case he brought against Mr. Trump, accusing him of plotting to overturn the 2020 election. It remains unclear when Mr. Smith plans to file a report in that case and whether it will accompany the report on the documents prosecution or be contained in a separate document.

The effort by Mr. Trump’s lawyers to block the release of the report was only their latest attempt to kill or push back any legal filings or proceedings that might be embarrassing or damaging to the president-elect.

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Earlier on Monday, a state judge in Manhattan rejected Mr. Trump’s most recent attempt to delay his sentencing on 34 felony charges, saying that the hearing would go on as scheduled on Friday.

Justice Department regulations call for all special counsels to file reports to the attorney general explaining why they filed the charges they did, and why they decided not to file any other charges they might have been considering. The attorney general can then decide whether to release the report to the public.

It remains unclear when Mr. Smith was planning to finish his report in the classified documents case. But the lawyers for Mr. Nauta and Mr. De Oliveira said in their court papers that the report was likely to be released “within the next few days.”

Should either or both reports eventually see the light of day, it is possible they will not contain much in the way of new or revelatory information.

The report in the classified documents case could be complicated by the fact that it would likely have to undergo a careful review by the intelligence community for any classified information it contained. The report in the election interference case might not break significant new ground, if only because in October Mr. Smith filed a sprawling, 165-page brief laying out the evidence he planned to offer at trial.

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Still, in their letter to Mr. Garland, Mr. Trump’s lawyers complained that the draft report in the classified documents case said that Mr. Trump had “harbored a ‘criminal design’” and was the “head of the criminal conspiracies” detailed in the indictment. The draft also said, the lawyers wrote, that “Mr. Trump violated multiple federal criminal laws.”

Mr. Trump’s lawyers turned the tables on Mr. Smith, accusing him of “unethical” conduct and “improper activities.” Those accusations had possible implications for future retribution against Mr. Smith, given that two of the lawyers who signed the letter to Mr. Garland, Todd Blanche and Emil Bove, have been chosen by Mr. Trump to serve in high positions in his Justice Department.While Mr. Garland has not said publicly whether he intends to release either report by Mr. Smith, he has done so in the past with other reports by other special counsels.

In February, for example, Mr. Garland permitted the release of a report by the special counsel Robert K. Hur concerning President Biden’s handling of classified materials after he served as vice president. The report concluded that criminal charges were not warranted, but also offered an unflattering assessment of Mr. Biden’s memory and cognitive capacity in the middle of the 2024 presidential campaign.

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Live news: Death toll from Tibet earthquake rises to 53

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Live news: Death toll from Tibet earthquake rises to 53

Indonesia has been accepted as a full member of the Brics group of emerging economies, according to a statement from Brazil, the bloc’s presiding nation. 

The statement said Indonesia “shares with other . . . members the support for the reform of the global governance institutions and contributes significantly to the deepening of Global South cooperation”.

Brics leaders endorsed Indonesia’s candidacy in August 2023, but Jakarta formally notified its interest in joining the group only after President Prabowo Subianto came to power in October.

The bloc was initially made up of Brazil, Russia, India, China and South Africa, but has expanded in recent years.

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Rudy Giuliani is held in contempt of court in $148 million defamation case

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Rudy Giuliani is held in contempt of court in 8 million defamation case

Rudy Giuliani leaves Manhattan federal court in New York, on Friday, Jan. 3, 2025.

Adam Gray/AP


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Adam Gray/AP

NEW YORK — Rudy Giuliani was found in contempt of court Monday for failing to properly respond to requests for information as he turned over assets to satisfy a $148 million defamation judgment granted to two Georgia election workers.

Judge Lewis J. Liman ruled after hearing Giuliani testify for a second day at a contempt hearing called after lawyers for the election workers said the former New York City mayor had failed to properly comply with requests for evidence over the last few months.

Liman said Giuliani “willfully violated a clear and unambiguous order of this court” when he “blew past” a Dec. 20 deadline to turn over evidence that would help the judge decide at a trial later this month whether Giuliani can keep a Palm Beach, Florida, condominium as his residence or must turn it over because it is deemed a vacation home.

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Because Giuliani failed to reveal the full names of his doctors, a complete list of them, or of his other professional services providers, the judge said he will conclude at trial that none of them were in Florida or had been changed after Jan. 1, 2024. That was the date Giuliani says he established Palm Beach as his permanent residence.

Liman also excluded Giuliani from offering testimony about emails or text messages to establish that his homestead was in Florida.

The judge said Giuliani produced only a dozen and a half “cherry picked” documents and no phone records, emails or texts related to his homestead. He said he can also make inferences during the trial about “gaps” in evidence that resulted from Giuliani’s failure to turn over materials.

Liman said he would withhold judgment on other possible sanctions.

On Friday, Giuliani testified for about three hours in Liman’s Manhattan courtroom, but the judge permitted him to finish testifying remotely on Monday for over two hours from his Palm Beach condominium. By the time the judge issued his oral ruling, Giuliani was no longer present at all.

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Joseph Cammarata, Giuliani’s attorney, noted in an email afterward that the election workers were not in the courtroom either and he called the outcome “no surprise.”

“This case is about lawfare and the weaponization of the legal system in New York City,” he said.

Cammarata said the state criminal case against President-elect Donald Trump and the civil litigation against Giuliani were “very similar. It’s the left wing Democrats trying to use liberal Judges in New York to win when they should lose on the merits.”

At the start of the hearing, Giuliani appeared before an American flag backdrop, which he said he uses for a program he conducts over the internet, but the judge told him to change it to a plain background. He also at one point held up his grandfather’s heirloom pocket watch and said he was ready to relinquish.

Giuliani conceded that he sometimes did not turn over everything requested in the case because he believed what was being sought was overly broad, inappropriate or even a “trap” set by lawyers for the plaintiffs.

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He also said he sometimes had trouble turning over information regarding his assets because of numerous criminal and civil court cases requiring him to produce factual information.

Liman labeled one of Giuliani’s claims “preposterous” and said that being suspicious of the intent of lawyers for the election workers was “not an excuse for violating court orders.”

Giuliani, 80, said the demands made it “impossible to function in an official way” about 30% to 40% of the time.

After the ruling, the former mayor issued a statement through his publicist saying it was “tragic to watch as our justice system has been turned into a total mockery, where we have charades instead of actual hearings and trials.”

The election workers’ lawyers say Giuliani has displayed a “consistent pattern of willful defiance” of Liman’s October order to give up assets after he was found liable in 2023 for defaming their clients by falsely accusing them of tampering with ballots during the 2020 presidential election.

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They said in court papers that Giuliani has turned over a Mercedes-Benz and his New York apartment, but not the paperwork necessary to monetize the assets. And they said he has failed to surrender watches and sports memorabilia, including a Joe DiMaggio jersey, and has not turned over “a single dollar from his nonexempt cash accounts.”

Giuliani said Monday that he was investigating what happened to the DiMaggio jersey and that he currently doesn’t know where it is or who has it.

Aaron Nathan, a lawyer for the election workers, declined to comment after Monday’s ruling.

The trial over whether Giuliani must surrender his Florida condominium and World Series rings is set for Jan. 16.

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His lawyers have predicted that he will eventually win back custody of his personal items on appeal.

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