Donald Trump is inaugurated as the 47th President of the United States, immediately signing off on a flurry of executive orders. He did, however, stop short of launching immediate tariffs on neighbours Canada, Mexico as well as on China. Trump did sign a 75-day reprieve on the ban on TikTok in order to review a deal for the platform. He also signed orders to withdraw the U.S. from the Paris Climate Agreement and to exit the WHO. We speak to UAE sovereign wealth fund Mubadala, Khaldoon Al Mubarak, who says AI demand is ‘profoundly high’ but warned that the technology remains imperfect. In forex news, the dollar is down while the yuan hits a 6-week high as a new Trump era begins.

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