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No matter how many exotic dishes you taste, "Maa ke haath ka khaana" is something that can never be forgotten. Almost every Indian mom has that one special dish that makes the entire family want to eat to their heart's content. On the occasion of <keyword id="23565163" type="General" weightage="100" keywordseo="World-Food-Day" source="keywords">World Food Day</keyword> today, we connected with a few Indian moms and asked them their special yet nutritious dish that gets their families' attention. Read on to know some healthy yet tasty recipes and try them out yourself! <h2>Archana Singh recommends Rava potato bites</h2> Archana Singh, a homemaker hailing from New Delhi, recommends <keyword id="23570396" type="General" weightage="20" keywordseo="Rava-bites" source="keywords">Rava bites</keyword> for a quick, healthy and delicious snack. All you need is 500 grams rava (a type of flour made from durum wheat), 50 grams cheese and 50 grams mashed potato. You also need some salt, oregano and chilly flakes, as per taste. Now, to make the potato bites, boil some water and put oregano, salt and chilli flakes. Now, lower the flame and start adding rava to this boiled water mixture. Add the rava gradually and keep mixing till it gets thicker and you get a dough. Now, remove this from the flame and let it cool. Once the dough cools down, make small bite-sized balls and add grated cheese and mashed potatoes to them. Take these bites and deep fry them. For a healthier recipe, you can opt for the air fryer. <h2>Meenakshi Sharma recommends home-made uttapam</h2> Who doesn't love the Indian version of pancakes, Uttapam? And they are really easy to make. Meenakshi Sharma, a teacher by profession, rarely gets time in the kitchen but when she does, her favourite go-to healthy snack is uttapam. You’ll need some idli batter prepared the previous day, along with a cup of chopped onions, tomatoes, spinach, and cilantro. You’ll also require half a cup of grated carrots and two tablespoons of vegetable oil. These simple ingredients will come together to create a nutritious and flavourful dish Start by combining the idli batter with the chopped vegetables in a bowl. Then, heat a non-stick pan with a little vegetable oil. Pour a ladle of the batter onto the pan, ensuring it remains thicker than a dosa. You will know that the batter is cooked when you notice little circles appear on it. Once you spot them, flip the uttapam and cook from the other side. Allow the uttapam to cook for about five minutes until the vegetables are slightly crisp. Serve hot, pairing it with coconut or groundnut chutney, or sambar for added flavour. <h2>Sumeeta Bindra recommends this <keyword id="23570397" type="General" weightage="20" keywordseo="Veggie-rice-bowl" source="keywords">veggie rice bowl</keyword></h2> Sumeeta Bindra, another teacher hailing from New Delhi, swears by this veggie rice bowl recipe to satiate your hunger pangs in a quick and healthy way. For this Veggie Rice Bowl recipe, you’ll need one tablespoon of oil, about 6-7 garlic cloves, a bowl of your preferred vegetables, salt, oregano, a tablespoon each of chilli flakes and pizza pasta sauce, 1.5 cups of milk, and a slice of cheese. For the rice, gather another tablespoon of oil, 5-6 garlic cloves, some coriander leaves, and a bowl of boiled rice. Start by sautéing the vegetables with garlic, adding salt, chilli flakes, and cooking for a minute. Then, stir in the pizza pasta sauce, milk, and cheese, letting everything simmer until well combined. Set this aside. For the rice, sauté the chopped garlic and coriander leaves, seasoning with salt and pepper before mixing in the boiled rice. Finally, serve the sautéed veggies and rice together in a bowl for a hearty meal. <h2>Archana Kumar recommends roasted makhana </h2>Archana Kumar, a homemaker from New Delhi, feels nothing is better than some makhanas for those hunger cravings. To prepare roasted makhana, you’ll need two cups of makhana (fox nuts) and one tablespoon of cow ghee. Begin by heating a pan and adding the makhana along with the ghee. Roast them on a medium flame for about 10-15 minutes, stirring occasionally to ensure they become crispy and evenly roasted. Once done, sprinkle one teaspoon of Himalayan pink salt over the roasted makhana, and they’re ready to be served as a crunchy, healthy snack.

World Food Day 2024: Healthy yet tasty recipes from Indian moms’ kitchens because home is where the health is

As we approach <keyword id="51518" type="General" weightage="100" keywordseo="World-Heart-Day" source="Orion">World Heart Day</keyword>, it's a timely reminder to pay attention to our heart health. A heart-healthy diet is a crucial component of cardiovascular wellness, and understanding which foods can promote heart health is the first step. Additionally, knowing how to incorporate these foods into your daily meals can make a significant difference in maintaining a <keyword id="23022" type="General" weightage="20" keywordseo="Healthy-Heart" source="Orion">healthy heart</keyword>. Let's explore the top <keyword id="9018793" type="General" weightage="20" keywordseo="heart-healthy-foods" source="Orion">heart-healthy foods</keyword> and discover practical tips for including them in your daily diet. <cmsannotation type="cmsannotation" annotationid="Fatty Fish" comment="subhead" text="Fatty Fish">Fatty Fish</cmsannotation> Benefits: Fatty fish like salmon, mackerel, and trout are rich in omega-3 fatty acids, which can reduce inflammation, lower triglycerides, and decrease the risk of arrhythmias. Tip: Grill or bake salmon with a drizzle of heart-healthy olive oil and a sprinkle of herbs. Create a delightful fish taco with whole-grain tortillas, fresh cabbage slaw, and a yogurt-based dressing. <cmsannotation type="cmsannotation" annotationid="Leafy Greens" comment="subhead" text="Leafy Greens">Leafy Greens</cmsannotation> Benefits: Dark, leafy greens such as spinach, kale, and Swiss chard are rich in vitamins, minerals, and antioxidants, which can reduce high blood pressure and promote overall heart health. Tip: Start your day with a nutrient-packed green smoothie by adding a handful of spinach or kale. Craft a vibrant salad with mixed greens, cherry tomatoes, and a homemade vinaigrette. <cmsannotation type="cmsannotation" annotationid="Whole Grains" comment="subhead" text="Whole Grains">Whole Grains</cmsannotation> Benefits: Whole grains like oats, brown rice, and quinoa are high in fiber and nutrients that help lower bad cholesterol levels, reduce the risk of heart disease, and maintain healthy blood vessels. Tip: Kickstart your mornings with a bowl of oatmeal topped with fresh berries and a dollop of yogurt. Use brown rice as a nutritious base for stir-fries or grain bowls. <cmsannotation type="cmsannotation" annotationid="Berries" comment="subhead" text="Berries">Berries</cmsannotation> Benefits: Berries like strawberries, blueberries, and raspberries are rich in antioxidants, particularly flavonoids, which lower blood pressure, reduce inflammation, and improve heart health. Tip: Integrate berries into your daily routine by mixing them into yogurt or oatmeal. For a refreshing snack, blend them into a heart-healthy smoothie with Greek yogurt and a drizzle of honey. <cmsannotation type="cmsannotation" annotationid="Nuts and Seeds" comment="subhead" text="Nuts and Seeds">Nuts and Seeds</cmsannotation> Benefits: Almonds, walnuts, flaxseeds, and chia seeds are excellent sources of heart-healthy fats, fiber, and antioxidants that can lower bad cholesterol levels and reduce the risk of heart disease. Tip: Elevate your breakfast game by sprinkling chopped nuts and seeds over cereal or yogurt. For an on-the-go snack, create a heart-healthy trail mix with almonds, walnuts, and dried fruits. <cmsannotation type="cmsannotation" annotationid="Avocado" comment="subhead" text="Avocado">Avocado</cmsannotation> Benefits: Avocado is a nutritional powerhouse filled with monounsaturated fats, fiber, and potassium. It can lower bad cholesterol levels and reduce the risk of heart disease. Tip: Enjoy a nutritious breakfast by mashing avocado and spreading it on whole-grain toast. Incorporate avocado slices into your salads and sandwiches for an extra heart-healthy touch. <cmsannotation type="cmsannotation" annotationid="Beans and Legumes" comment="subhead" text="Beans and Legumes">Beans and Legumes</cmsannotation> Benefits: Beans, lentils, and chickpeas are rich in soluble fiber, which can lower bad cholesterol levels and promote heart health. They're also an excellent source of plant-based protein. Tip: Prepare a hearty bean soup with vegetables and aromatic herbs. Add chickpeas to your salads or blend them into a creamy hummus for a delicious, heart-healthy dip. <cmsannotation type="cmsannotation" annotationid="Tomatoes" comment="subhead" text="Tomatoes">Tomatoes</cmsannotation> Benefits: Tomatoes are rich in lycopene, an antioxidant that has been associated with a reduced risk of heart disease. Cooking tomatoes can enhance lycopene absorption. Tip: Create a simple yet flavorful tomato and basil salad with a drizzle of heart-healthy olive oil and balsamic vinegar. Incorporate tomato sauce made from fresh tomatoes into your pasta dishes. <cmsannotation type="cmsannotation" annotationid="Garlic" comment="subhead" text="Garlic">Garlic</cmsannotation> Benefits: Garlic is known for its cardiovascular benefits, including lowering blood pressure and reducing cholesterol levels. Tip: Sauté garlic with vegetables or lean protein to add flavor to your meals. Roast garlic and spread it on whole-grain bread for a tasty heart-healthy appetizer. <cmsannotation type="cmsannotation" annotationid="Dark Chocolate (in moderation)" comment="subhead" text="Dark Chocolate (in moderation)">Dark Chocolate (in moderation)</cmsannotation> Benefits: Dark chocolate with at least 70% cocoa content contains flavonoids that can reduce blood pressure and improve blood flow. Tip: Enjoy a small piece of dark chocolate as an occasional after-dinner treat. Incorporate cocoa powder into your morning smoothie or use it as a garnish for yogurt. Maintaining a heart-healthy diet is not only about choosing the right foods but also about moderation and balance. It's essential to limit processed foods, sugary snacks, and excessive salt intake while paying attention to portion sizes to maintain a healthy weight and heart. By incorporating these heart-healthy foods into your daily meals and following the provided tips, you can embark on a flavorful journey toward a healthier heart. On this World Heart Day, make a commitment to nourish your heart and embark on a path toward a healthier, happier life. Your heart will thank you for it. With mindful food choices and these practical tips, you can reduce the risk of heart diseases and promote long-lasting cardiovascular health. Here's to a happy and heart-healthy future! Happy World Heart Day! Note: The article is based on content generated by AI models like Bard and Chatgpt. SEE ALSO: <a href="https://www.businessinsider.in/science/health/food/sunflower-seeds-checkout-its-nutritional-value-health-benefits-and-types-of-sunflower-seeds/articleshow/104014667.cms" data-type="tilCustomLink" target="_blank">Sunflower Seeds: A nutrient-packed powerhouse for health and flavor</a> <a href="https://www.businessinsider.in/science/health/food/webstories/top-10-benefits-of-golden-milk/slidelist/104016016.cms" data-type="tilCustomLink" target="_blank">10 Amazing benefits of Golden Milk</a>

World Heart Day: Nourish your heart with heart-healthy foods and practical tips

In celebration of <keyword id="51518" type="General" weightage="100" keywordseo="World-Heart-Day" source="Orion">World Heart Day</keyword>, we embark on a journey that not only touches our hearts but nourishes them as well. Just like a sumptuous meal, a healthy heart is a result of the right ingredients—exercise, yoga, and heart-healthy foods. In this article, we blend the wisdom of physical activity and the nourishment of wholesome foods to craft a recipe for a vibrant, heart-healthy life. <cmsannotation type="cmsannotation" annotationid="Yoga Poses for Heart Health" comment="subhead" text="Yoga Poses for Heart Health">Yoga Poses for Heart Health</cmsannotation> 1. Mountain Pose (Tadasana): Begin your heart-healthy yoga journey with the Mountain Pose. It promotes good posture, strengthens your core, and enhances circulation—essential ingredients for heart health. Tip: Imagine yourself rooted like a tree. As you stand tall, savor the moment and take deep breaths, letting tranquility wash over you. 2. Bridge Pose (Setu Bandhasana): Bridge Pose not only stretches the chest and spine but also rejuvenates the heart. It can help reduce stress and lower blood pressure. Tip: As you bridge, visualize a gentle river flowing beneath you. Feel your heart opening and your cares being carried away. 3. Cobra Pose (Bhujangasana): Cobra Pose stretches the chest and lungs, promoting respiratory health. It's a heart-opener that encourages the flow of positive energy. Tip: Inhale deeply as you rise, lifting your heart and gaze upward like a cobra poised to strike. Exhale slowly, releasing any tension. <cmsannotation type="cmsannotation" annotationid="Exercise for a Strong Heart" comment="subhead" text="Exercise for a Strong Heart"><keyword id="18947129" type="General" weightage="20" keywordseo="Exercise-for-a-Strong-Heart" source="Orion">Exercise for a Strong Heart</keyword></cmsannotation> 1. Cardiovascular Workouts: Engage in cardio exercises like jogging, cycling, or swimming. These activities elevate your heart rate, strengthen the heart muscle, and improve blood circulation. Tip: Make it a flavorful experience by timing your cardio sessions to coincide with sunrise or sunset. Enjoy the beauty of nature while working out. 2. Strength Training: Incorporate strength training exercises to build lean muscle mass. A strong body supports cardiovascular health and helps control weight. Tip: Savor a protein-rich post-workout meal to aid muscle recovery. Salmon or grilled chicken with a colorful salad is a heart-healthy choice. <cmsannotation type="cmsannotation" annotationid="Heart-Healthy Foods: The Culinary Elixir" comment="subhead" text="Heart-Healthy Foods: The Culinary Elixir">Heart-Healthy Foods: The Culinary Elixir</cmsannotation> 1. Oats: Start your day with a hearty bowl of oatmeal. Oats are packed with soluble fiber that helps reduce bad cholesterol levels. Tip: Enhance the flavor with a sprinkle of cinnamon and a handful of fresh berries for added antioxidants. 2. Walnuts: Walnuts are a crunchy source of omega-3 fatty acids. Snack on them or sprinkle them over salads for a heart-healthy crunch. Tip: Create a homemade walnut and spinach pesto to toss with whole-grain pasta or use it as a spread on whole-grain toast. 3. Berries: Berries, like blueberries and strawberries, are rich in antioxidants and can help reduce blood pressure. Tip: Blend a berry-rich smoothie with Greek yogurt and a touch of honey for a delicious and heart-healthy treat. 4. Leafy Greens: Leafy greens such as spinach and kale are packed with vitamins, minerals, and antioxidants that support heart health. Tip: Sauté leafy greens with garlic and olive oil for a nutritious side dish or add them to your favorite heart-healthy salad. 5. Dark Chocolate (in moderation): Dark chocolate with at least 70% cocoa content contains flavonoids that promote heart health. Tip: Savor a small piece of dark chocolate as an occasional treat. Pair it with a glass of red wine for an extra heart-healthy indulgence. <cmsannotation type="cmsannotation" annotationid="The Heart-Healthy Recipe" comment="subhead" text="The Heart-Healthy Recipe">The Heart-Healthy Recipe</cmsannotation> Now, let's combine these elements into a delightful heart-healthy recipe: Salmon Salad with Leafy Greens and Berry Vinaigrette Ingredients: Grilled salmon fillet Mixed leafy greens (spinach, kale, arugula) Handful of fresh berries (blueberries, strawberries) Walnuts Olive oil and balsamic vinegar Dark chocolate square (70% cocoa) Instructions: Start with a base of mixed leafy greens. Add grilled salmon as the protein source. Scatter fresh berries and walnuts for an antioxidant-rich crunch. Drizzle with a simple vinaigrette made from olive oil and balsamic vinegar. Enjoy a square of dark chocolate for dessert. This World Heart Day, embrace the synergy of yoga, exercise, and heart-healthy foods to nurture your most vital organ—the heart. Just as a well-crafted meal brings joy to the palate, a healthy heart brings joy to life. Savor the flavors of heart-healthy foods, find tranquility in yoga, and invigorate your body with exercise. With this nourishing recipe for a vibrant heart, you'll savor the deliciousness of a longer, heart-healthy life. Bon appétit and Namaste! Note: The article is based on content generated by AI models like Bard and Chatgpt. SEE ALSO: <a href="https://www.businessinsider.in/science/health/food/best-food-for-healthy-heart/articleshow/104019057.cms" data-type="tilCustomLink" target="_blank">World Heart Day: Nourish your heart with heart-healthy foods and practical tips</a>

World Heart Day delights: Yoga, exercise, and heart-healthy living

In India, Children’s Day is celebrated on November 14, while International Children’s Day, established by the United Nations, is observed globally on November 20. India initially marked Children’s Day on November 20, but this changed after the passing of Pandit <keyword id="6360386" type="General" weightage="20" keywordseo="Jawaharlal-nehru" source="Orion">Jawaharlal Nehru</keyword>, the country’s first Prime Minister and a prominent leader in the freedom movement. An anti-colonial nationalist, social democrat, and author, Nehru was instrumental in India’s independence struggle and a champion of parliamentary democracy, secularism, and advancements in science and technology. He served as Prime Minister for 17 years, guiding India’s post-independence growth and development. During his leadership, India maintained a neutral stance amid Cold War tensions and made significant strides in education and other key areas, shaping the nation’s future trajectory. Nehru had a deep affection for children and placed immense trust in their potential. He saw them as invaluable treasures and the nation’s future, capable of transforming the country’s future. Because of this belief, he emphasised the importance of their education, upbringing, and development, seeing their growth as vital to the nation’s progress. Children lovingly called him "Chachaji," a name by which he is still fondly remembered as "Chacha Nehru" by both children and adults today. Children’s Day also serves as a reminder of the importance of prioritising children’s well-being, ensuring that every child—regardless of economic, social, or political background—enjoys a safe and fulfilling childhood. This includes access to basic necessities like shelter, education, healthcare, and sanitation. Beyond these essentials, safeguarding children’s human rights is crucial. It’s our collective responsibility to protect them from harmful practices such as abuse, trafficking, and child labour. Given that millions of children in India are orphans, it is essential to protect and nurture their present to secure a bright future for them and for the nation. To celebrate this day with your loved ones, here are heartfelt wishes and messages that will bring joy and positivity this Children’s Day. <h2>Children’s Day Wishes</h2><ul><li><keyword id="1451428" type="General" weightage="20" keywordseo="Happy-Childrens-Day" source="Orion">Happy Children’s Day</keyword>! May you sparkle and shine with happiness always! </li><li>To the joy-bringers, the dreamers, and the pure-hearted—Happy Children’s Day! </li><li>May your childhood be filled with love, laughter, and endless joy. Happy Children’s Day! </li><li>Every child is a miracle. You are our little star. Happy Children’s Day! </li><li>May you grow up to achieve all that you dream and more! Happy Children’s Day. </li><li>Wishing you the happiest, brightest Children’s Day ever! </li><li>May your innocence and laughter light up the world. Happy Children’s Day! </li><li>Here’s to the magical, carefree years of childhood! Enjoy it to the fullest. </li><li>Happy Children’s Day! May you always have a reason to smile. </li><li>Childhood is precious. Live every moment and make beautiful memories. Happy Children’s Day! </li><li>Wishing you oceans of joy and a sky full of dreams. Happy Children’s Day! </li><li>You are the stars of tomorrow. Shine bright, little ones! Happy Children’s Day! </li><li>May your imagination lead you to magical places. Happy Children’s Day! </li><li>Happy Children’s Day to the sweetest kids who make our world so much brighter! </li><li>To the wonder-makers, the adventurers, the joyful souls—Happy Children’s Day! </li><li>May your life be filled with dreams, love, and laughter. Happy Children’s Day! </li><li>Here’s to the laughter, the smiles, and the endless joy of childhood! </li><li>May every little child feel special, cherished, and loved. Happy Children’s Day! </li><li>Wishing all the happiness and joy to the little hearts of the world! </li><li>May you always have a smile on your face and a song in your heart. </li><li>You bring joy to the world just by being you. Happy Children’s Day! </li><li>Every child is a treasure, and you are the most precious. Happy Children’s Day! </li><li>May your days be filled with colour, joy, and wonderful memories. Happy Children’s Day! </li><li>You are the hope of tomorrow, and you bring so much joy today. Happy Children’s Day! </li><li>Wishing you laughter, play, and endless joy. Have a fantastic Children’s Day! </li><li>To the world’s sweetest souls, may you always find happiness. Happy Children’s Day! </li><li>Here’s to a day filled with dreams, games, and smiles. Happy Children’s Day! </li><li>Keep shining, keep laughing, and keep being amazing! Happy Children’s Day! </li><li>May you live every day with the wonder and joy of childhood. Happy Children’s Day! </li><li>To the most wonderful part of life—children! Have a beautiful Children’s Day! </li></ul><h2>Messages for <keyword id="23888689" type="General" weightage="20" keywordseo="Childrens-Day-2024" source="Orion">Children’s Day 2024</keyword></h2>On this day, let’s honour Pandit Jawaharlal Nehru’s legacy and nurture the future of India—our children. Happy Children’s Day! November 14 is a reminder to cherish childhood and encourage the potential within every child. Wishing all a joyful Children’s Day! Let’s promise to protect, care for, and empower every child, giving them a happy, healthy future. Happy Children’s Day! This Children’s Day, let’s remember that every child has the right to education, love, and a life of happiness. November 14, a day to celebrate the joy of childhood and the dream of a brighter future. Happy Children’s Day! Happy Children’s Day! Let’s make every child feel safe, loved, and cherished not just today but always. Today let’s dedicate ourselves to creating a world where every child feels valued and heard. Happy Children’s Day! Celebrating the laughter and dreams of children across India on this special day, November 14. On this Children’s Day, let’s embrace the spirit of innocence, joy, and hope that every child brings to the world. Children are our tomorrow; let’s make sure they grow up with love, respect, and opportunities. Happy Children’s Day! SEE ALSO: <a href="https://www.businessinsider.in/travel/india/webstories/10-kid-friendly-heritage-trips-for-childrens-day-2024/slidelist/115210134.cms" data-type="tilCustomLink" target="_blank">10 kid-friendly heritage trips for Children’s Day 2024</a>

Happy Children’s Day 2024: Messages and heartfelt wishes for kids

<ul class="summary-list"><li>Donald <keyword id="19906203" type="General" weightage="100" keywordseo="trump" source="keywords">Trump</keyword> pledged to enforce a 10% blanket tariff on all imported goods to the US.</li><li>It is months before Trump's inauguration, but tariffs are already on the lips of global business leaders.</li></ul>As soon as Donald Trump won reelection, CEOs worldwide discussed his plans for <a target="_blank" href="https://www.businessinsider.com/global-reaction-donald-trump-election-victory-tariffs-trade-disputes-2024-11">a new</a><a target="_blank" class="" href="https://www.businessinsider.com/global-reaction-donald-trump-election-victory-tariffs-trade-disputes-2024-11"> era</a> of global tariffs. Although inauguration day is two months away, the leaders of consumer giants like BMW, Ikea, Airbus, and <keyword id="20017281" type="General" weightage="20" keywordseo="ralph-lauren" source="keywords">Ralph Lauren</keyword> were asked about the plans by the press and on earnings calls this week. Trump has vowed to impose a 10% blanket tariff on all foreign goods entering the US and up to 60% and 100% on goods imported from China and Mexico, respectively. He also floated a 100% tariff on imported vehicles and said he'd impose <a target="_blank" class="c-link" href="https://www.businessinsider.com/trump-tariff-threat-john-deere-economists-baffled-2024-9">a 200% tariff</a> on machinery giant John Deere if it continued with plans to move some production to Mexico. <h2>Asia</h2>During Trump's first term, the US and China imposed billions of dollars worth of tariffs against each other. Now, the potential for renewed trade disputes has concerned some Asian business leaders. <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/chinese-stocks-em-fx-currencies-rout-trump-election-stimulus-china-2024-11">Chinese stocks dropped</a> after news of Trump's election victory. <keyword id="23945005" type="General" weightage="20" keywordseo="shinji-aoyama" source="keywords">Shinji Aoyama</keyword>, a global executive vice president at Japan's Honda Motors, said on a Wednesday earnings call that new tariffs on Mexico would have a big impact on Japanese companies. Honda, for instance, has production plants in Mexico. "If the tariff is a permanent one — I suppose it could be not permanent — maybe we would go for the production elsewhere, which is not subjected to the US tariff that we could do it." Aoyama said that he did not expect tariffs to be imposed soon, but added that it would not be easy to stop production quickly in Mexico. "Whoever the president could be, we should not be too much swayed around by them," said Aoyama. <div type="image" title="Shinji Aoyama, global executive vice president of Honda, in a suit behind a grey background." height="2741" width="4000" msid="115088843" hostid="261"></div><keyword id="20489383" type="General" weightage="20" keywordseo="piyush-gupta" source="keywords">Piyush Gupta</keyword>, CEO of Singapore's top bank, DBS, said during a media briefing on Thursday that he found it hard to believe Trump would follow through with his proposed tariffs. "The better thing to do is to wait and see what policy they actually come up with. It's very hard to make projections at this point in time," said Gupta. Instead, he highlighted the impact Trump's policies could have on <a target="_blank" class="" href="https://www.businessinsider.com/federal-reserve-cuts-interest-rates-quarter-point-powell-inflation-election-2024-11">Fed rate cuts</a>. Fewer rate cuts would boost net interest margin — a key metric for banks. "I think a higher interest rate environment is generally better for DBS," Gupta said. He added that DBS would be focusing on the legal and regulatory risks associated with the Trump administration. "They could come up with different kinds of sanctions and other policies — you have to be on top of that." <h2>Europe</h2>Trump has repeatedly said he sees the European Union's trade policies as unfair. During his first term, he <a target="_blank" href="https://www.businessinsider.com/trump-threatens-to-tax-european-cars-if-the-eu-retaliates-against-us-tariffs-2018-3">imposed a number of tariffs</a> on key European industries, including steel, aluminum, and certain luxury goods. Europe responded in turn with tariffs on goods including bourbon whiskey, Harley-Davidson motorbikes, and Levi's. The US is Europe's top trading partner, leaving its businesses highly vulnerable to Trump's proposed 10% tariff. Sectors like automobiles, pharmaceuticals, and chemical products, which represent the lion's share of European exports to the US, would likely experience the biggest economic hit. Shares in BMW, Mercedes, and Volkswagen all fell in response to Trump's victory. The US is by far Germany's largest export market, with goods worth $170 billion sent in 2023, per <a target="_blank" class="" href="https://www.destatis.de/EN/Themes/Economy/Foreign-Trade/Tables/order-rank-germany-trading-partners.pdf?__blob=publicationFile">Germany's statistical authority.</a> On Wednesday, <keyword id="20964414" type="General" weightage="20" keywordseo="oliver-zipse" source="keywords">Oliver Zipse</keyword>, chairman of BMW, downplayed fears over tariffs during a third-quarter earnings call, citing the company's large US business. "We have a strong footprint there, which kind of protects us against anything which might happen on the geopolitical side," he told analysts. Zipse also told reporters, <a target="_blank" class="" href="https://www.reuters.com/business/autos-transportation/bmw-downplays-fears-over-us-tariffs-trump-election-win-2024-11-06/#:~:text=The%20U.S.%20market%20accounted%20for,carmakers%20in%20Europe's%20biggest%20economy">per Reuters,</a> that BMW "shouldn't be too nervous about what might happen." <div type="image" title="Oliver Zipse of BMW speaks in a blue suit behind images of motorbikes and cars." height="3203" width="4804" msid="115088838" hostid="261"></div>Arne Freundt, CEO of German sports brand <keyword id="19922141" type="General" weightage="20" keywordseo="puma" source="keywords">Puma</keyword>, took a similarly relaxed attitude to potential tariffs. "We can shift volumes to other countries swiftly in case of tariffs increase in certain countries," Freundt said. "Politics is politics," Ikea's CEO, Jesper Brodin, told Business Insider when asked about how Trump's tariffs would affect international business. "So we work with longer term cycles and investment frames, and so on. In Ikea, we are very clear on our direction." Guillaume Faury, CEO of the airline Airbus, was more concerned about how tariffs may impact prices. Addressing Trump's proposed tariffs during Airbus' third-quarter earnings call the day before the election, Faury warned that the cost of any new tariffs would be passed along to Airbus's airline customers, as in 2020. "We don't believe that's helping aviation and the competitiveness of the airlines and the aviation industry, but it's something we would be able to manage," Faury said. During his first term, Trump and the European Union were locked in <a target="_blank" href="https://www.businessinsider.com/trump-administration-slaps-tariffs-european-goods-2020-2">a long-running dispute</a> over aircraft subsidies, which the US said put Boeing at a disadvantage, and 15% tariffs were imposed on aircraft imported from the EU. Soon after Trump's departure from the White House, <a target="_blank" class="" href="https://ec.europa.eu/commission/presscorner/detail/en/ip_21_3001">the two sides ended their dispute and axed the tariffs</a>, but renewed tariffs could lead to issues once again. <div type="image" title="Airbus general director Guillaume Faury" height="3000" width="4500" msid="115088848" hostid="261"></div>Martin Sorrell, executive chairman of the UK-based advertising company S4 Capital, described the President-elect as "good news" for North American businesses and companies during an earnings call on Thursday. "Whilst US business doesn't like to talk about it, basically US businesses wanted to see a Trump administration because it means low tax and low regulation," Sorrell said. He added that Europe would be more challenged because of the threat of tariffs. <h2>USA</h2>While tariffs are intended to protect domestic industries by making imports more expensive, companies whose supply chains include foreign contractors could see their costs rise. Justin Picicci, Ralph Lauren's CFO, said that over the last seven-plus years, the fashion brand has diversified its sourcing and developed alternative production for its key products. "Our global sourcing and supply chain is agile and well-positioned," Picicci said during an earnings call Thursday. "So we'll wait and see what, if any, future policy ultimately gets passed. But we've navigated tariffs successfully before, including not so long ago," Picicci said. The costs of tariffs are often passed onto the consumer in the form of price rises. But as demand for domestic goods increases, consumers see higher prices across the board. <keyword id="23945003" type="General" weightage="20" keywordseo="timothy-boyle" source="keywords">Timothy Boyle</keyword>, chief executive of Columbia Sportswear, said in an interview with <a target="_blank" class="" href="https://www.washingtonpost.com/business/2024/10/30/companies-tariffs-trump-prices/">The Washington Post</a> published on October 30 that the brand was set to raise prices if tariffs were imposed. "It's going to be very, very difficult to keep products affordable for Americans," he said. Correction: November 8, 2024 — An earlier version of this story misspelled the name of a Honda executive. He's Shinji Aoyama, not <keyword id="23945004" type="General" weightage="20" keywordseo="shinju-aoyama" source="keywords">Shinju Aoyama</keyword>.

CEOs around the world started talking about Trump's tariffs as soon as he won

<ul class="summary-list"><li>This post originally appeared in the Insider Today newsletter.</li></ul>Good morning! CEOs love talking about their wins, but what about their losses? The head of a failed supersonic plane startup detailed what went wrong, <a target="_blank" href="https://www.businessinsider.com/exosonic-ceo-explains-why-his-strategy-supersonic-airliner-failed-2024-11">and how other companies might find success</a>.In today's big story, President-elect Donald Trump is nominating the people <a target="_blank" href="https://www.businessinsider.com/donald-trump-white-house-staff-cabinet-picks-list-2024-11">who will play a key role in his administration</a> and impact the business world.What's on deck:<ul><li>Markets: Elon Musk wants to gamify "dumb" government spending, and <a target="_blank" rel="noopener" href="https://www.businessinsider.com/elon-musk-leaderboard-government-spending-marketing-genius-doge-donald-trump-2024-11">experts say it's a savvy marketing strategy</a>.</li><li>Tech: A healthcare startup raised $100 million on a bet it could build an AI doc-in-a-box. <a target="_blank" href="https://www.businessinsider.com/healthcare-startup-forward-shutdown-carepod-adrian-aoun-2024-11">Now it's shutting down</a>.</li><li>Business: Internal documents viewed by BI show plans for Amazon's AI chatbot <a target="_blank" rel="noopener" href="https://www.businessinsider.com/amazon-ai-chatbot-q-coming-to-microsoft-office-365-2024-11">launching in an unlikely spot</a>.</li></ul>But first, the nominations are rolling in.If this was forwarded to you, <a target="_blank" href="https://www.businessinsider.com/subscription/newsletter/insider-today">sign up here.</a><h3 id="7fa5f018-5b05-4a37-a8dc-d3f89138bcb3">The big story</h3><h2 id="5fd547b9-ec52-41fc-8e08-4f4b27dd8097">Trump's new team</h2><div type="image" title="Trump pointing" height="667" width="1000" msid="115302524" hostid="261" sizebytes="47760"></div>President-elect Donald Trump is quickly fleshing out his cabinet, giving a sense of what his second administration will look like.Trump's slew of picks announced in recent days share a common theme: <a target="_blank" href="https://www.businessinsider.com/trump-cabinet-picks-so-far-loyalty-resumes-11">loyalty</a>. (You can find the running list of Trump administration staffers <a target="_blank" href="https://www.businessinsider.com/donald-trump-white-house-staff-cabinet-picks-list-2024-11">here</a>)With <a target="_blank" href="https://www.businessinsider.com/republicans-house-representatives-election-win-majority-2024-11">Republicans maintaining control of the House</a> and winning the Senate, the president-elect will enter the White House this January with incredible power to shape the country to his vision.Let's break down some of Trump's recent appointments and the impact they could have on the business world:<a target="_blank" href="https://www.businessinsider.com/trump-nominates-matt-gaetz-attorney-general-2024-11">US Attorney General — Matt Gaetz</a>: A surprising pick, to say the least, the representative from Florida caused havoc within his own party when he led the push to oust Kevin McCarthy from the speakership last year.Gaetz was also the subject of sex-trafficking allegations that led to an investigation by the very agency he's being nominated to lead. (The Department of Justice declined to pursue charges, but he'd been facing a probe from the House Ethics Committee.) House Speaker Mike Johnson told reporters on Wednesday that Gaetz had resigned from Congress.He's also <a target="_blank" rel="noopener" href="https://www.businessinsider.com/matt-gaetz-criticism-big-tech-trump-attorney-general-antitrust-2024-11">clashed with the tech industry</a>, suggesting Americans have an "obligation to use" their Second Amendment right when it comes to <a target="_blank" href="https://www.businessinsider.com/matt-gaetz-says-american-obligation-take-up-arms-big-tech-2021-5">Silicon Valley companies censoring conservatives</a>. Gaetz's appointment requires confirmation from the Senate, which is far from a shoo-in.<a target="_blank" href="https://www.businessinsider.com/what-trumps-secretary-state-pick-marco-rubio-means-for-china-2024-11">Secretary of State — Marco Rubio:</a> The Florida senator is an outspoken critic of China and a supporter of Taiwan. In fact, China sanctioned him twice, and his ability to travel to the country is somewhat in question.The appointment adds another wrinkle to the heightening tension between the US and China. Trump has said he wants aggressive tariffs against Chinese imports, and Rubio has raised the alarm on what he views as China's plan to harm the US economy.<div type="image" title="Fox News host Pete Hegseth at a network event in 2019" height="2555" width="3600" msid="115302517" hostid="261" sizebytes="483180"></div><a target="_blank" href="https://www.businessinsider.com/trump-pentagon-chief-pete-hegseth-world-views-ukraine-china-2024-11">Secretary of Defense — Pete Hegseth:</a> The Army veteran and Fox News host has been outspoken about the US involvement in geopolitical conflicts. Hegseth is among the growing number of Republicans questioning the US support of Ukraine. He also said he <a target="_blank" href="https://www.businessinsider.com/trump-pentagon-pick-pete-hegseth-criticized-us-involvement-ukraine-aid-2024-11">doubted Russia would invade Poland</a> if it successfully took over Ukraine.When it comes to Israel, Hegseth has been a staunch supporter. He's also pushed back against calls for a cease-fire and criticized pro-Palestinian protesters.Hegseth's takes aren't limited to international affairs. He's been critical of women serving in combat roles and diversity and equity policies in the US military.Treasury secretary — TBD: Trump's pick for his top economic advisor is being closely watched considering the key role the economy played in the election. The two front runners appear to be Scott Bessent, a hedge fund executive, and Howard Lutnick, <a target="_blank" href="https://www.businessinsider.com/wall-street-advisor-trump-lutnick-schwarzman-warsh-federal-reserve-2024-11">the co-chair of Trump's transition</a> team and the CEO of Cantor Fitzgerald.Bessent was initially viewed as the favorite, but Lutnick is <a target="_blank" href="https://www.wsj.com/politics/policy/trump-transition-co-chair-makes-late-play-for-treasury-secretary-f1b50c60">reportedly making a last-ditch effort</a> to be considered for the job.<h3 id="77f31a4c-8462-4e3d-a71f-838cb79493fb">News brief</h3><h2 id="1fcd294b-3f53-425f-9f20-4093e8623b59">Top headlines</h2><ul><li>Silicon Valley investors Marc Andreessen and Ben Horowitz <a target="_blank" rel="noopener" href="https://www.businessinsider.com/marc-andreessen-ben-horowitz-react-trump-win-crypto-founders-2024-11">celebrate Trump's win as 'a boot off the throat</a>.'</li><li>Why SoftBank bet $500 million on OpenAI. SoftBank's Vision Funds CFO <a target="_blank" href="https://www.businessinsider.com/softbank-openai-investment-explained-vision-fund-cfo-2024-11">told BI why it went all-in on the startup</a>.</li><li>Amazon is shuttering Freevee and some insiders fear <a target="_blank" href="https://www.businessinsider.com/amazon-shuttering-freevee-some-insiders-speculate-potential-entertainment-layoffs-2024-11">layoffs could be coming in the tech giant's entertainment arm</a>.</li><li>Mark Zuckerberg just released his own NSFW version of <a target="_blank" href="https://www.businessinsider.com/mark-zuckerberg-t-pain-get-low-rap-song-2024-11">'Get Low' in a tribute to his wife</a>.</li></ul><h2 id="8120060b-ae66-48dc-b149-f0489a30ffa2">3 things in markets</h2><div type="image" title="A photo illustration comprising a black-and-white photo of Elon Musk's profile over a leaderboard with dollar signs that decrease down the board." height="1500" width="2000" msid="115302527" hostid="261" sizebytes="121084"></div><ol><li>Loving the leaderboard: Elon Musk wants to gamify "dumb" government spending. Donald Trump tapped Musk and Vivek Ramaswamy to co-lead the Department of Government Efficiency, a commission aimed at slimming government waste. Musk has <a target="_blank" rel="noopener" href="https://www.businessinsider.com/elon-musk-leaderboard-government-spending-marketing-genius-doge-donald-trump-2024-11">teased a public leaderboard to track government spending</a>, which, if implemented, could keep the public engaged. <a target="_blank" href="https://www.businessinsider.com/elon-musk-vivek-ramaswamy-doge-government-efficiency-what-us-spends-2024-11">BI took a look at what the US actually spends money on</a>.</li><li>Inflation stays in line with expectations. October's consumer price index <a target="_blank" href="https://www.businessinsider.com/inflation-october-cpi-consumer-price-index-federal-reserve-interest-rates-2024-11">rose 2.6% compared to the same time last year</a>, representing a slight uptick from September's 2.4% report. Despite inflation heating up, the probability of the Fed making a 25-basis-point cut next month increased to about 80% after the report's release.</li><li>Polymarket's CEO was the subject of an FBI raid. Shayne Coplan, the 26-year-old boss of the betting market platform that successfully predicted Trump's win, reportedly had his phone and electronic devices <a target="_blank" href="https://www.businessinsider.com/fbi-raid-polymarket-ceo-shayne-coplan-nyc-2024-election-2024-11">confiscated by federal agents Wednesday morning</a>. Bloomberg reported the raid was tied to an investigation into the company accepting trades from users in the US, which is not permitted. A Polymarket spokesperson said it was an act of "political retribution" by the Biden administration.</li></ol><h2 id="f4b54806-7f81-450c-ba32-92560d4fae9b">3 things in tech</h2><div type="image" title="Forwards CEO Adrian Aoun with the Carepod" height="1500" width="2000" msid="115302521" hostid="261" sizebytes="394842"></div><ol><li>Inside Forward's failed attempt to revolutionize the doctor's office. The healthcare startup Forward went all-in on its AI doc-in-a-box: "If Elon has the self-driving car, well, this is the autonomous doctor's office," its CEO said in 2023. <a target="_blank" href="https://www.businessinsider.com/healthcare-startup-forward-shutdown-carepod-adrian-aoun-2024-11">But after raising $650 million in funding, it's going dark</a>.</li><li>What some Tesla employees think about Musk's new government job. Some are celebrating stock gains, with the company's share price soaring nearly 33% year to date, <a target="_blank" rel="noopener" href="https://www.businessinsider.com/tesla-trump-stock-gains-internal-reaction-2024-11">while others worry Musk will lose focus</a>. "There's this feeling that no one fully knows where anyone else stands," one manager told BI.</li><li>A new stage in the US-China tech cold war. The focus of the AI race is moving from chip dominance to rare earths, the raw materials they're made of. Right now, China has the upper hand; <a target="_blank" href="https://www.businessinsider.com/rare-earths-tech-war-explainer-chips-ai-china-us-2024-11">here's how it's tried to outmaneuver the US</a>.</li></ol><h2 id="9260fa45-d397-4b3c-b4f8-4bb193976216">3 things in business</h2><div type="image" title="The O's of the Hollywood sign walking away with film equipment" height="1457" width="1943" msid="115302520" hostid="261" sizebytes="350770"></div><ol><li>Hollywood's leaving. The film industry is ditching Los Angeles for up-and-coming entertainment hubs like Atlanta and smaller cities alike. Some have been preparing for an LA exodus for years, but the pandemic ushering in remote work <a target="_blank" href="https://www.businessinsider.com/hollywood-leaving-los-angeles-remote-work-tv-movies-money-streaming-2024-11">helped provide the final push</a>.</li><li>Too many videos, not enough mentors. Nobody knows how to do their jobs anymore because their companies aren't teaching them. Training is an easy place for companies to cut costs, but it comes back to hurt them in the long run. <a target="_blank" href="https://www.businessinsider.com/job-training-broken-gen-z-mentorship-companies-employees-managers-2024-11">Those who do invest often put their money toward the wrong fixes</a>.</li><li>Exclusive: Amazon's chatbot Q enters enemy territory. Internal documents obtained by BI show the cloud giant is looking to launch a Q add-in for a rival suite: Microsoft Office 365. Amazon hopes the integration could expand Q's user base by <a target="_blank" href="https://www.businessinsider.com/amazon-ai-chatbot-q-coming-to-microsoft-office-365-2024-11">piggybacking on Office's popularity</a>.</li></ol><h2 id="9f5d80ac-3466-429f-a50a-2ffbb70c65ff">What's happening today</h2><ul><li>Disney, Brookfield and other companies report earnings.</li><li>EU reveals Q3 GDP growth figures.</li></ul>The Insider Today team: Dan DeFrancesco, deputy editor and anchor, in New York. Grace Lett, editor, in Chicago. Ella Hopkins, associate editor, in London. Hallam Bullock, senior editor, in London. Amanda Yen, fellow, in New York. Milan Sehmbi, fellow, in London.

Some of Trump's key cabinet picks provide clues to how his administration will approach the business world

<ul class="summary-list"><li>Oil prices ended down 7% last week and are lower this year-to-date, despite Middle East tensions.</li><li>China's economic downturn, the US shale boom, and clean energy are contributing to current oil price trends.</li></ul>The oil markets aren't what they used to be, and two of the world's biggest producers of the commodity are feeling the pressure.Oil prices have been depressed this year because <a target="_blank" class="" href="https://www.businessinsider.com/oil-price-today-middle-east-israel-hezbollah-conflict-china-economy-2024-10">China</a> — the world's largest oil importer — is in a prolonged economic downturn. The US' massive boom in oil production over the last 15 years has also kept prices low.Now, Saudi Arabia and Russia are both trying to diversify their economies away from energy, which makes up about 40% and 20% of their GDP, respectively.With the shift, Saudi Arabia and Russia are trying to create new economic engines that can sustain the country for decades, Abishur Prakash, the founder of The Geopolitical Business, a strategy advisory firm in Toronto, told Business Insider.The existential reorientation comes amid what Prakash terms a "geopolitical misalignment," even in the face of a potential supply disruption."The reality is that Middle Eastern oil supplies are in the bull's-eye of geopolitics. A potential back-and-forth between Israel and Iran, which is increasingly likely, will draw in the region's energy ecosystem," he said.But this year, markets have largely shrugged off supply concerns stemming from the Middle East conflict — a break from history, when regional problems sent prices higher.<h2 id="45bcbf13-524d-48a5-aa00-144efa7dd75c">Moving away from oil</h2><a target="_blank" href="https://www.eia.gov/tools/faqs/faq.php?id=709&amp;t=6.">Saudi Arabia and Russia</a> tied for the world's second-largest oil producer after the US. Last year, they each accounted for 11% of the world's oil supply.While Saudi Arabia and Russia are still the world's top oil exporters, the <a target="_blank" class="" href="https://www.eia.gov/todayinenergy/detail.php?id=61584">US — which posted record oil shipments in 2023 — is fast becoming a competitor</a> for market share.In 2016, Saudi Arabia launched a grand <a target="_blank" href="https://www.businessinsider.com/vision-2030-saudi-arabia-plan-future-proof-oil-economy-2023-8">Vision 2030</a> plan to transform its oil-dependent economy into a more diversified one that includes tourism and sports as key growth pillars.Recently, the kingdom has been indicating that it's frustrated with low oil prices. It's giving up its $100 per barrel price target and is ready to increase oil output, the <a target="_blank" rel=" nofollow" class="" href="https://www.ft.com/content/1d186f62-5941-4f9e-aef1-7d93a8a696cd">Financial Times</a> reported in late September.This means that Saudi Arabia is looking to corner a larger market share instead of targeting higher profit margins by restricting output.Russia has also expressed a desire to stop over-relying on oil exports."We are moving towards reducing the share of volatile income and reducing Russia's dependence on oil and gas in favor of boosting our domestic economy," Anton Siluanov, Russia's finance minister, told <a target="_blank" href="https://russian.rt.com/business/article/1379636-minfin-anton-siluanov-intervyu">RT Television's Arabic</a> service earlier this month.He said that Russia would instead aim to boost its domestic economy but did not specify how.Russia is already moving its trade eastward to address Western sanctions. <a target="_blank" class="" href="https://www.energyintel.com/00000192-ae46-dc01-adba-efff87000000">Saudi Arabia,</a> too, is looking to sell more oil to developing countries, whose electric vehicle adoption lags behind China and the West.Asia's emerging economies are expected to drive <a target="_blank" class="" href="https://markets.businessinsider.com/news/commodities/global-oil-demand-prices-supply-opec-us-crude-producers-iea-2024-6">global oil demand</a> over the rest of the decade, as the world's consumption rises from 101.7 million barrels a day in 2023 to 105.6 million barrels per day by 2030, according to a June report from the <a target="_blank" class="" href="https://www.iea.org/news/slowing-demand-growth-and-surging-supply-put-global-oil-markets-on-course-for-major-surplus-this-decade">International Energy Agency</a>.<h2 id="6ae61431-8898-4c52-9abf-24b4a2055996">Prices, renewable energy, and the US all play a role</h2>Despite geopolitical tensions in the Middle East over fears of a widening war, oil prices haven't been on the climb.To be sure, <a target="_blank" class="" href="https://markets.businessinsider.com/news/commodities/oil-price-prediction-brent-crude-israel-iran-opec-demand-citi-2024-10">oil prices could still</a> soar if the issues in the Middle East worsen.And there were several price spikes — such as in early October over concerns that Iranian oil facilities could be hit and in August over tensions in the Middle East — but they were shortlived. Oil prices dropped about 7% last week after the concerns subsided.International benchmark <a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price">Brent</a> crude futures are down about 4% this year to date to around $74 a barrel, and US <a target="_blank" class="" href="https://markets.businessinsider.com/commodities/oil-price?type=wti">West Texas Intermediate</a> futures are down 1.3% so far this year to around $70 a barrel.A key contributor to the price trend comes from the US, which has witnessed a significant rise in oil production over the last 15 years following the shale oil boom.Matthew Huber, a Syracuse University professor who specializes in energy, climate politics, and resource geography, said the US has nudged Saudi Arabia out of its role as a swing producer."I think the US has now overtaken this role and because we're not in the Middle East, geopolitical conflict there is less impactful," Huber added.Then there's renewable energy."The explosion of electric vehicle adoption in China (and presumably or eventually in the US and Europe) means the writing is on the wall and we're going to reach 'peak demand' for oil sometime soon," said Huber. "It was always a good idea to diversify one's economy away from just oil but now more than ever."<h2 id="f0b0eb00-b6b7-4f2f-9acd-d2d555ca6010">The role of OPEC</h2>The changing dynamics of oil also sharpens the long-standing question of OPEC's influence and relevance. The oil producer group led by Saudi Arabia accounts for about 30% of global crude production."It goes in cycles. They were obviously relevant in the 1970s when they were able to increase prices almost single-handedly," said Huber."But the problem is when oil prices spike, it sends oil companies searching for temporarily profitable oil," he added, referring to the US shale boom as the most recent example.OPEC also faces rifts within its members, who have competing priorities."The big question now is whether OPEC members are all aligned in terms of oil targets," said The Geopolitical Business's Prakash, who added that not all OPEC members may be on board with Saudi Arabia's plan to boost production.A potential Trump presidency in the US could drive <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/stock-market-election-impact-trump-win-election-financials-energy-rbc-2024-10">domestic oil and gas production.</a>"If OPEC can't bring everybody together, and members go their separate ways, it will lead to a further polarization of the Middle East," said Prakash."Instead of energy bringing the region together, like it did in the past, energy coupled with geopolitics could fragment the Middle East," he said.

2 of the world's biggest oil producers are looking for new ways to power their economies

<ul class="summary-list"><li>Trump has tapped Pete Hegseth, an Army veteran and Fox News host, to be secretary of defense.</li><li>BI reviewed Hegseth's past statements for clues on how he might lead the Defense Department.</li></ul>US President-elect <a target="_blank" class="" href="https://www.businessinsider.com/donald-trump-white-house-staff-cabinet-picks-list-2024-11">Donald Trump</a> has tapped Pete Hegseth, a Fox &amp; Friends host and US Army National Guard veteran, to be secretary of defense.Hegseth is a combat veteran and conservative commentator who gained clout during Trump's first term and successfully <a target="_blank" class="" href="https://www.businessinsider.com/trump-listened-fox-host-pete-hegesth-over-his-secretary-defense-2019-11">pushed for</a> pardons and rank reinstatement in three war crimes cases over the objections of top military officials. He has been skeptical of the US's support for the NATO alliance and an embattled <a target="_blank" class="" href="https://www.businessinsider.com/trump-pentagon-pick-pete-hegseth-criticized-us-involvement-ukraine-aid-2024-11">Ukraine</a>, while advocating for full support for Israel.Trump announced Hegseth's nomination on Tuesday night, calling him a "warrior for the troops and country" and a "true believer in America First." His selection is a sign Trump is focused on purging the military's top ranks of purported "woke generals," along the lines of the external "warrior board" reviews first <a target="_blank" class="" href="https://www.wsj.com/politics/national-security/trump-draft-executive-order-would-create-board-to-purge-generals-7ebaa606?mod=national-security_news_article_pos3">reported</a> by The Wall Street Journal.Hegseth was considered for Veterans Affairs secretary during Trump's first term and faced pushback from veterans group leaders. This time is no different."Hegseth is undoubtedly the least qualified nominee for SecDef in American history. And the most overtly political. Brace yourself, America," Paul Rieckhoff, the founder of Independent Veterans of America, <a target="_blank" class="" href="https://x.com/PaulRieckhoff/status/1856502867126857911">said</a>.<div type="image" title="Pete Hegseth" height="2555" width="3600" msid="115272720" hostid="261" sizebytes="482454"></div>Hegseth is a Fox News fixture known for his military service and weighing in on culture war controversies. He served in Iraq and Afghanistan but has less leadership, national security, and Department of Defense experience than Trump's former defense secretaries."I confess I didn't know who he was until 20 minutes ago," Rep. Adam Smith, the top Democrat on House Armed Services, told reporters Tuesday night. Adam Kinzinger, a former lieutenant colonel in the Air National Guard and a Republican who left Congress after clashing with Trump, said the <a target="_blank" class="" href="https://x.com/AdamKinzinger/status/1856491538920157477">nomination</a> is "the most hilariously predictably stupid thing."Hegseth was among a group of US National Guard members who had their orders<a target="_blank" class="" href="https://x.com/JimLaPorta/status/1856492437402947704"> to secure then President-elect Joe Biden's inauguration</a> revoked after the January 6 insurrection. Hegseth said on "The Shawn Ryan Show" he was dismissed because he was "deemed an extremist" over his tattoo of a Jerusalem cross; he also has a tattoo of a Christian motto that dates to the Crusades and has been adopted by the alt-right.When asked for comment, the Trump transition team referred Business Insider to Trump's announcement. Hegseth didn't respond to BI's request for comment on Wednesday.If Hegseth is confirmed, he'll come to the Pentagon at a perilous time for a <a target="_blank" class="" href="https://www.businessinsider.com/conflicts-and-tensions-the-next-president-could-face-2024-9">US military stretched thin by conflicts and tensions across the world</a>. Here's where he stands on some key issues.<h2 id="e801149c-517d-4369-944b-247efc37a121">Hegseth has criticized women serving in combat roles and diversity in the military</h2><div type="image" title="U.S. Army Spc. Sammantha Ohm assigned to 5th Squadron, 1st Calvary Regiment, Delta Co, 1st Infantry Brigade Combat Team, 11th Airborne Division pulls security on the M2HB .50-caliber machine gun during the Joint Pacific Multinational Readiness Center 24-02 exercise at Donnelly Training Area, Alaska, Feb. 17, 2024." height="4219" width="6329" msid="115272725" hostid="261" sizebytes="885108"></div>During a recent interview on <a target="_blank" class="" href="https://www.youtube.com/watch?v=DoN5ovwB8s4">"The Shawn Ryan Show" podcast</a>, he said women serving in combat roles hurt the military. "Everything about men and women serving together makes the situation more complicated, and complication in combat, that means casualties are worse," Hegseth said, adding that minority and white men can perform similar tasks that women can't. By allowing women to serve, "we've changed the standards in putting them there, which means you've changed the capability of that unit." <a target="_blank" class="" href="https://www.businessinsider.com/women-in-us-military-history-2019-2">All US military combat roles opened to women in 2015</a>.Hegseth is highly critical of "woke" diversity and equity policies. "The dumbest phrase on planet Earth in the military is our diversity is our strength," he said on "The Shawn Ryan Show," adding, "Any general that was involved, any general, admiral, whatever, that was involved in any of the DEI/woke shit has got to go."He has called for shifting away from diversity and inclusivity in the US military, whose highest ranks remain overwhelmingly male and white. Branches of the military face issues fulfilling recruitment goals, specifically with <a target="_blank" class="" href="https://www.military.com/daily-news/2024/06/14/armys-recruiting-problem-male.html#:~:text=Since%202013%2C%20male%20enlistments%20have,around%2010%2C000%20recruits%20each%20year">lower numbers of white male recruits in recent years</a>.<h2 id="0522ec27-5fc0-47a0-81ea-2e4fe1dd158a">Hegseth is critical of NATO and has flip-flopped on Ukraine</h2><div type="image" title="A tank sitting on a barren grassy field fires with a cloudy grey sky in the background." height="5504" width="8046" msid="115272714" hostid="261" sizebytes="1688200"></div>Hegseth has echoed a growing opinion among Republicans that questions <a target="_blank" class="" href="https://www.businessinsider.com/trump-pentagon-pick-pete-hegseth-criticized-us-involvement-ukraine-aid-2024-11">whether it's in the US's interest to support Ukraine's war of self-defense against Russia or the larger security of America's European allies</a>. He's also said Ukraine's war for its existence pales in comparison to the war on "woke" in America.In February 2022, Hegseth defended Trump's controversial comments describing Russian leader Vladimir Putin's invasion of Ukraine as "savvy" and "genius," suggesting Trump was just attempting to "troll" American media. Throughout the war, Hegseth has shifted stances, calling Putin a "war criminal" and <a target="_blank" class="" href="https://www.youtube.com/watch?v=wxDe0KtJJio">criticizing Biden for not getting Ukraine military aid quickly enough</a>. He told Fox News in March 2022, "What's at stake is repelling an authoritarian who basically is saying 'I want the Soviet Union back, I want Ukraine back, I want Kyiv back.'" He has <a target="_blank" class="" href="https://www.businessinsider.com/trumps-nato-views-threaten-key-to-alliances-strength-article-5-2024-2">criticized the NATO alliance</a>, saying the <a target="_blank" class="" href="https://www.businessinsider.com/these-nato-frontline-countries-are-readying-for-war-with-russia-2024-3">US's European allies need to lead efforts to defend their borders</a>. In his recent book, "War on Warriors," Hegseth called some NATO allies "outdated, outgunned, invaded, and impotent." He wrote,"Why should America, the European 'emergency contact number' for the past century, listen to self-righteous and impotent nations asking us to honor outdated and one-sided defense arrangements they no longer live up to?"<h2 id="71858f8f-1362-4561-81bc-a85b00383c38">He's a staunch supporter of Israel </h2><div type="image" title="Trump with Israeli Prime Minister Benjamin Netanyahu in 2020." height="1500" width="2250" msid="115272721" hostid="261" sizebytes="198048"></div>Hegseth has repeatedly advocated for Israel, including in his coverage of the war in Gaza. He has supported <a target="_blank" class="" href="https://www.businessinsider.com/us-navy-burns-through-key-missiles-needed-for-china-fight-2024-10">Israel striking back against Iran and its proxies</a> and pushed against calls for a cease-fire.He interviewed Israeli Prime Minister Benjamin Netanyahu earlier this year, asking about Trump's support for Israel during his first term. And in November 2023, he criticized pro-Palestinian protesters demonstrating in Washington. In a 2016 interview, he said Israel wasn't "a historical land that can be dismissed," emphasizing <a target="_blank" class="" href="https://www.timesofisrael.com/trump-taps-fox-news-host-who-said-us-must-stand-by-strong-ally-israel-to-head-pentagon/">how important it is for the US to stand by Israel as its ally</a>. <h2 id="ccea315c-2018-4c38-94b7-711ee1d6d51a">Hegseth's stance on China is murky</h2>China could be a top priority for Hegseth if he's confirmed. The Pentagon has called China its "pacing challenge" and has raised alarms on <a target="_blank" class="" href="https://www.businessinsider.com/us-military-china-missile-problem-getting-worse-2024-5">Beijing's meteoric military growth</a>. On "The Shawn Ryan Show," Hegseth said China was "building an army specifically dedicated to defeating" the US, pointing to how its <a target="_blank" class="" href="https://www.businessinsider.com/us-and-japan-teaming-up-to-defeat-hypersonic-missiles-2024-5">hypersonic missiles</a> could take US aircraft carriers out quickly in a conflict as a major concern. <div type="image" title="Chinese aircraft carriers Liaoning and Shandong in formation exercise in the South China Sea in late October 2024." height="2907" width="4948" msid="115272712" hostid="261" sizebytes="1330486"></div>His comments on China's economic influence echo Trump's talking points. "They want to corner the market completely on the technological future. We can't even drive our cars without the stuff we need out of China these days. So China has a full spectrum long-term view of not just regional but global domination and we have our heads up our asses," he said on the podcast. If confirmed, Hegseth would lead the Defense Department at a pivotal moment in the Asia-Pacific region. The US has assessed that <a target="_blank" class="" href="https://www.businessinsider.com/red-flags-tell-us-when-chinas-ready-to-invade-taiwan-2024-4">China wants its military ready to seize Taiwan by 2027</a>, and that US military forces need to be ready for a potential conflict with China by then.

How Trump's Army veteran pick for Pentagon chief, Fox & Friends' Pete Hegseth, sees the world

<ul class="summary-list"><li>Travel data provider OAG published its list of the busiest airports in the world for 2023.</li><li>For the 25th time since 1998, <a target="_blank" href="https://www.businessinsider.com/10-busiest-airports-worldwide-2022-atlanta-dallas-denver-travel-rebound-2023-4">Atlanta Hartsfield-Jackson International Airport took the crown</a>.</li></ul>Global travel data provider OAG has published its annual list of the top 10 busiest airports in the world for 2023 — and half were in the US.Based on total airline domestic and international seat capacity, OAG crowned Atlanta Hartsfield-Jackson International Airport, or ATL, as this year's busiest global airport, with about 62.2 million available seats.The results should not come as a shock considering the <a target="_blank" href="https://www.businessinsider.com/atlanta-airport-facts-busiest-in-world-2019-5#the-airport-has-been-the-busiest-in-the-world-for-21-consecutive-years-2">Georgia capital's airport has earned the title</a> every year since 1998, except 2020 when China's Guangzhou Baiyun International Airport briefly dethroned Atlanta amid the coronavirus pandemic.The other nine airports spanned the US, Europe, and Asia — and represent a collective 500 million seats offered by global carriers in 2023, according to OAG data.Of the Top 10 airports, every one exceeded 2022 numbers. A <a target="_blank" href="https://www.businessinsider.com/2024-to-break-records-for-air-travel-and-airline-profits-iata-2023-12">few airports even managed to surpass 2019 levels</a>, with the biggest jump at Denver International Airport — which boasted 17% more capacity compared to pre-pandemic levels.Dallas/Fort Worth International Airport and Turkey's Istanbul Airport each increased by 10%, while Dubai International Airport's available seats jumped 5%, according to OAG data.Atlanta, for its part, is still down 3% compared to the 63.3 million seats that were available there in 2019. But its 2023 numbers still beat the second-busiest airport by about five million seats.Atlanta's high-traffic airport is popular for myriad reasons. Not only does it host <a target="_blank" href="https://www.businessinsider.com/delta-adding-new-routes-santa-barbara-aspen-anchorage-flights-list-2023-9">Delta Air Lines' sprawling network</a>, but its Southeast location puts it within a two-hour flight of 80% of the US population.Here are the top 10 busiest airports in the world for 2023, according to OAG.<h2>10. Guangzhou Baiyun International Airport</h2><div type="image" title="Guangzhou Baiyun International Airport." height="3840" width="5760" msid="106152350" hostid="261"></div>Seats: 43.4 millionRank in 2022: 16Rank in 2019: 12Change from 2019: Down 4%Guangzhou Baiyun in China <a target="_blank" href="https://www.businessinsider.com/atlanta-again-tops-list-of-busiest-airports-in-the-world-2022-4">temporarily gained the world's busiest airport title</a> in 2020 during the COVID outbreak.The airport, known by its code, CAN, is a hub for China Southern Airlines.<h2>9. Chicago O'Hare International Airport</h2><div type="image" title="4 chicago o hare international airport" height="2517" width="3825" msid="106152351" hostid="261"></div>Seats: 43.7 millionRank in 2022: 6Rank in 2019: 6Change from 2019: Down 14%<a target="_blank" href="https://www.businessinsider.com/us-airports-ranked-worst-best-wsj-2023-11">Chicago O'Hare is the city's main international airport</a> and operates alongside Chicago Midway Airport, which is one of Southwest Airlines' busiest bases.O'Hare, known as ORD, is a hub for United Airlines and American Airlines.<h2>8. Los Angeles International Airport</h2><div type="image" title="United Airlines and Delta Air Lines aircraft at Los Angeles International Airport." height="1666" width="2500" msid="106152352" hostid="261"></div>Seats: 44.5 millionRank in 2022: 8Rank in 2019: 5Change from 2019: Down 14%Los Angeles International Airport, known as <a target="_blank" href="https://www.insider.com/delta-air-lines-new-lax-airport-terminal-best-review-pictures-2023-9">LAX, serves as the main international gateway</a> into Southern California and is a huge hub for several carriers, including American, Delta, United, and Alaska Airlines.Burbank Hollywood Airport, John Wayne Airport, Ontario International Airport, and Long Beach Airport also <a target="_blank" href="https://www.businessinsider.com/fierce-competition-between-americas-top-airlines-is-one-airports-win-2021-5">compete for passengers</a> flying in and out of the Greater Los Angeles area.<h2>7. Istanbul Airport</h2><div type="image" title="Istanbul Airport." height="724" width="1086" msid="106152354" hostid="261"></div>Seats: 46.4 millionRank in 2022: 10Rank in 2019: 16Change from 2019: Up 10%Istanbul is home to Turkish Airlines, which was named the <a target="_blank" href="https://www.businessinsider.com/20-best-airlines-in-the-world-skytrax-2023-6">best European airline in 2023</a> by aviation ranking website Skytrax.It's known by the International Air Transport Association code IST.<h2>6. Denver International Airport</h2><div type="image" title="Passengers wait at Denver International Airport" height="2000" width="3000" msid="106152618" hostid="261"></div>Seats: 46.7 millionRank in 2022: 5Rank in 2019: 21Change from 2019: Up 17%<a target="_blank" href="https://www.insider.com/denver-international-airport-conspiracy-theories-debunked-2021-10">Colorado's capital city airport</a>, known as DEN, has seen the most post-pandemic growth in terms of airline seat capacity, according to OAG.Denver is a hub for United and Frontier Airlines. It draws a lot of traffic as a hub from smaller cities around the West.<h2>5. Dallas/Fort Worth International Airport</h2><div type="image" title="Dallas/Fort Worth airport." height="724" width="1086" msid="106152620" hostid="261"></div>Seats: 48.1 millionRank in 2022: 3Rank in 2019: 13Change from 2019: Up 10%<a target="_blank" href="https://www.insider.com/what-dallas-fort-worth-airport-like-during-covid-photos-2021-3">Dallas/Fort Worth airport</a>, known as DFW, is American Airlines' busiest hub and is the departure city for many of its international flights.Dallas also has air service at the nearby Dallas Love Field, which — like Chicago's Midway — is a secondary airport that handles millions of Southwest passengers per year.<h2>4. London Heathrow Airport</h2><div type="image" title="London Heathrow Airport." height="767" width="1024" msid="106152624" hostid="261"></div>Seats: 49.4 millionRank in 2022: 7Rank in 2019: 7Change from 2019: Down 2%London Heathrow, or LHR, shares the skies with five other airports in the area of Greater London: London City, London Gatwick, London Luton, London Stansted, and London Southend — making it the <a target="_blank" href="https://www.businessinsider.com/heathrow-airport-bracing-for-busiest-travel-period-in-2-years-2022-10">busiest city airport system</a> in the world by passenger count.Heathrow, on its own, is still No. 4 and is home to British Airways and Virgin Atlantic Airways.<h2>3. Tokyo Haneda Airport</h2><div type="image" title="Tokyo Haneda International Airport" height="1311" width="2200" msid="106152627" hostid="261"></div>Seats: 52.7 millionRank in 2022: 4Rank in 2019: 3Change from 2019: Down 4%Tokyo Haneda, known as HND, is one of the two major international airports serving Japan's capital city, the second being Tokyo Narita, or NRT.Haneda serves as a base for <a target="_blank" href="https://www.businessinsider.com/flying-ana-the-room-business-class-new-york-japan-review-2023-4">Japanese carriers Japan Airlines and All Nippon Airways.</a><h2>2. Dubai International Airport</h2><div type="image" title="Dubai International Airport." height="725" width="1086" msid="106152633" hostid="261"></div>Seats: 56.5 millionRank in 2022: 2Rank in 2019: 4Change from 2019: Up 5%Dubai, known as DXB, is the main international airport in the United Arab Emirates and is a mega-hub for Emirates' giant widebody fleet of aircraft.The airport operates alongside <a target="_blank" href="https://www.businessinsider.com/emirates-launching-new-private-charter-service-with-embraer-phenom-100-2023-7">Dubai World Central</a>, which currently operates some commercial flights; its management has designs on it one day becoming the world's largest airport.<h2>1. Atlanta Hartsfield-Jackson International Airport</h2><div type="image" title="FILE PHOTO: A control tower rises between two Delta Air Lines jets, a Boeing 757-200 and a Boeing 767-300ER, at the Hartsfield-Jackson Atlanta International Airport in Atlanta, Georgia, U.S., April 15, 2019. REUTERS/Brian Snyder" height="3111" width="4667" msid="106152635" hostid="261"></div>Seats: 61.2 millionRank in 2022: 1Rank in 2019: 1Change from 2019: Down 3%Atlanta has <a target="_blank" href="https://www.businessinsider.com/what-it-takes-air-traffic-controller-at-worlds-busiest-airport-2020-11">won the title of the world's busiest airport</a> 25 times since 1998 thanks to its favorable geographic location in the US and, at least in part, to its lack of competition in the area.It is a major hub for Delta Air Lines.And unlike like London, Dallas, Chicago, and Tokyo, the airport known as ATL doesn't compete for passengers with other airports nearby.

These are the world's top 10 busiest airports of 2023

<ul class="summary-list"><li>BMW CEO Oliver Zipse says a 2035 gasoline ban will hit the European auto industry.</li><li>Easing the ban, he said, would help reduce the EU's reliance on China for batteries.</li></ul>The European Union needs to move away from its planned ban on gasoline vehicles if it wants to reduce reliance on China for batteries, <a target="_blank" class="" href="https://www.businessinsider.com/bmw-ceo-oliver-zipse-tesla-growth-sales-struggle-electric-vehicles-2021-2">BMW</a> CEO <a target="_blank" class="" href="https://www.businessinsider.com/production-chief-zipse-named-new-boss-at-automaker-bmw-2019-7">Oliver Zipse</a> said on Tuesday.Zipse was addressing attendees at the Paris Automotive Summit when he criticized the EU's requirement for all new cars and vans to have zero emissions from 2035.The law, which was approved by EU countries in March 2023, is part of the region's efforts to achieve climate neutrality by 2050."For the automotive industry, geopolitical resilience and access to markets and raw materials remains critical to success and future viability, while also reducing dependencies on China through openness to technologies," Zipse said on Tuesday.A "correction" of the planned 2035 gasoline vehicle ban, Zipse said, would help reduce European OEMs' reliance on China for batteries.Earlier in his speech, Zipse said the EU's ban could "threaten the European automotive industry in its heart" and "lead to a massive shrinking of the industry as a whole."BMW's decarbonization efforts, Zipse told summit attendees, weren't just focused on the vehicles they produced, but also on their supply chains."To maintain the successful course, a strictly technology-agnostic path with the policy framework is essential," Zipse said."The only thing that counts in the end is the tonne of CO2 that is not emitted and the earlier the better, and not the technological way how this reduction is achieved," he added.Representatives for Zipse at BMW didn't immediately respond to a request for comment from Business Insider sent outside regular business hours.Several Western auto chiefs have commented on the challenges and difficulties that could arise from transitioning their industry to electric vehicles.<a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/stellantis-leverages-its-management-organisation-with-changes-to-drive-performance-under-the-leadership-of-carlos-tavares-1033836989">Stellantis</a> CEO <a target="_blank" class="" href="https://www.businessinsider.com/bmw-stellantis-renault-auto-giants-on-chinese-ev-competition-2024-10">Carlos Tavares,</a> who helms an automaker that owns brands like Chrysler, Fiat, Jeep, Maserati, and Peugeot, is advocating for a short transition from combustion engine vehicles to electric ones.On Monday, Tavares said in an interview with the Financial Times that automakers will find themselves in a "<a target="_blank" class="" href="https://www.businessinsider.com/stellantis-ceo-slow-ev-transition-big-trap-automakers-2024-10">big trap</a>" if the EV transition slows.This, Tavares said, is because automakers will have to continue to invest in both electric and gasoline vehicles, thus incurring higher costs."When you make a longer transition, in fact, you don't replace the old world by the new one. You add up the new world to the old," he said.EV sales have been <a target="_blank" class="" href="https://www.businessinsider.com/electric-car-ev-sales-prices-problem-transportation-2024-1">declining</a> in Europe in recent months. In August, EV registrations fell by nearly 44% compared to the same month a year ago, per the European Automobile Manufacturers' Association.That's on top of the steep competition Western automakers are facing from their Chinese counterparts like <a target="_blank" class="" href="https://www.businessinsider.com/how-chinese-automaker-byd-rose-to-challenge-tesla-2024-4">BYD</a>.Mercedes-Benz CEO <a target="_blank" class="" href="https://www.businessinsider.com/china-electric-cars-mercedes-benz-ola-kallenius-european-union-tariffs-2024-3">Ola Källenius</a> told attendees at the Berlin Global Dialogue conference on October 2 that the Western auto industry is fighting a "<a target="_blank" class="" href="https://www.businessinsider.com/western-auto-chiefs-industry-locked-in-darwinian-battle-with-china-2024-10">Darwinistic-like price war</a>" with their Chinese rivals.This, he said, could eventually result in "market purification.""Many of those players that are around now. Many of those are not going to be around five years from now," Källenius continued."You must control your nerves, keep on investing, keep on innovating and make sure that at the end of that Darwinian battle, that you are one of the combatants that are left and that's what we are focusing on," he added.

BMW CEO: A 2035 gasoline ban will hit the European car industry 'in its heart' and make it reliant on Chinese batteries

<ul class="summary-list"><li>Alexandre Arnault will become the new CEO of Moët Hennessy in 2025.</li><li>The appointment is part of a leadership shake-up at Bernard Arnault's luxury conglomerate, LVMH.</li></ul>A leadership shake-up at <a target="_blank" class="editor-rtfLink" href="https://www.businessinsider.com/who-is-bernard-arnault-owner-louis-vuitton-lvmh-net-worth">Bernard Arnault</a>'s multibillion-dollar luxury conglomerate, LVMH, has resulted in one of his children landing a new executive position.LVMH said in a press release on Thursday that it made six new executive appointments after Bernard, 75, consulted with the company's Sustainability and Governance Committee of the Board of Directors. Bernard, CEO and chairman of LVMH, is the world's richest person with a $158.5 billion net worth. All five of his children hold positions in LVMH, which has several subsidiaries, including Christian Dior and Tag Heuer.Bernard's third eldest child, Alexandre Arnault, will serve as Deputy CEO of LVMH's Wines and Spirits division, Moët Hennessy, starting in February 2025. Alexandre is currently the Executive Vice President of Product and Communications at Tiffany &amp; Co., which LVMH acquired in 2021.<div type="image" title="Alexandre Arnault Bernard Arnault" height="2625" width="3516" msid="115314198" hostid="261" sizebytes="472380"></div>He will work alongside executive committee member Jean-Jacques Guiony, who LVMH said has been appointed President and Chief Executive Officer of Moët Hennessy.Representatives for LVMH, Arnault, and Guiony did not respond to requests for comment from Business Insider.Bernard's decision to move Alexandre to Moët Hennessy isn't unusual for the billionaire, who has made similar appointments for his other children this year.<div type="image" title="bernard arnault" height="2510" width="3696" msid="115314194" hostid="261" sizebytes="203726"></div>In April, Bernard said two of his sons — Alexandre and Frédéric — would <a target="_blank" class="editor-rtfLink" href="https://www.businessinsider.com/bernard-arnault-lvmh-adds-nepo-baby-children-to-board-luxury-2024-4">join LVMH's board</a>. Four of his five children now sit on the board.His eldest child, Delphine Arnault, is CEO and chairman of Christian Dior Couture and has been on the board since 2003. Antoine Arnault, LVMH's image and environment director, joined the board in 2006. Antoine is also the chairman and CEO of Christian Dior SE.Frédéric is the Chairman and CEO of LVMH watches. He was named <a target="_blank" class="editor-rtfLink" href="https://www.businessinsider.com/bernard-arnault-lvmh-children-delphine-antoine-alexandre-frederic-jean-dior-2023-1">head of one of the holding companies</a> that controls LVMH in JuneThe only child not on the board is Jean Arnault, the youngest son. Jean is the director of LVMH's watch division.The new appointments also drum up speculation about who will succeed Bernard as LVMH's CEO.The Arnault family has been compared to the Roy family, the subjects of the HBO drama, <a target="_blank" class="editor-rtfLink" href="https://www.businessinsider.com/how-bernard-arnault-lvmh-legacy-resembles-succession-2023-5">"Succession."</a>However, Bernard has denied reports that his family resembles the Roy family's cut-throat battle for the top."The best person inside the family or outside the family should be one day my successor," Bernard told The New York Times in 2023. "But it's not something that I hope is a duel for the near future."

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