Donald Trump elected president; Global markets between panic and pause, and more news.

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Donald Trump was elected the 45th president of the United States. The upset victory against Hillary Clinton, a rebuke to the political establishment and virtually every institution of business and society, shocked the world.

Global markets slumped across stocks, currencies and commodities in a massive knee-jerk selloff as a Trump victory neared. The turmoil has since eased, but between an election that is likely to upend many existing policies in the US and a Brexit vote that is rewriting the rules in Europe, the next year will be steeped in uncertainty. And markets like nothing less.  

The election was Twitter’s moment in an otherwise tough year for the company. By 10 pm, 40 million election-related tweets had gone out, far ahead of 2012’s 31 million. A billion election tweets were sent since September. Will @realdonaldtrump continue the trend from the White House?

PM Narendra Modi shocked India by scrapping its two largest bank notes overnight. In a largely cash-based economy, banks are closed today and ATMs turned off. Notes of 500 and 1,000 rupees will be replaced by new notes of 500 and 2,000 in a move to stamp out corruption and “black money,” stashes of cash withheld from tax authorities.

Ireland doesn’t want Apple’s money. It will appeal the European Commission’s decision that Ireland should claw back more than $14 billion in alleged tax subsidies it granted Apple. The legal battle could last years. Dublin’s position as the darling of tech companies is worth far more to the country than any check it could get in the short term.

Samsung is “truly sorry.” The company took out full-page ads in American newspapers to apologize for its botched Galaxy Note 7 recall. “We will listen to you, learn from this and act in a way that allows us to earn back your trust,” the company said.

#Tobleronegate. The iconic triangular chocolate bar changed shape to shave 20 grams off the scale. Less chocolate, same price, means a fatter bottom line. This actually happened last month but social media noticed yesterday and was outraged. Simpler times.

Cover Art: Republican president-elect Donald Trump gives a thumbs up to the crowd during his acceptance speech at the New York Hilton Midtown in the early morning hours of November 9, 2016 in New York City. (Photo by Chip Somodevilla/Getty Images)