After a post-election risk-taking binge, stock investors sobered up this week as Jerome Powell’s go-slow message on interest-rate cuts cooled the Trump trade euphoria that drove Wall Street to records. With the world’s most important central banker in no hurry to ease monetary policy thanks to a still-robust labor market and strong economic data, bond…
BERLIN — German Chancellor Olaf Scholz spoke Friday with Russian President Vladimir Putin, the Kremlin leader’s first publicly announced conversation with the sitting head of a major Western power in nearly two years. Scholz urged Putin to be open to negotiations with Ukraine, his office said. The Kremlin leader responded that any peace deal should acknowledge…
Europe is making a last-ditch appeal to the outgoing Biden administration to boost American support for Ukraine in order to solidify Kyiv’s position as much as possible before the presidential term ends in January. Donald Trump, who takes office Jan. 20, has said he’d seek a quick deal between Kyiv and Moscow, raising concerns in…
Russia’s government is reducing payments made to soldiers suffering lesser injuries in the war on Ukraine as the costs of the invasion pile up. Following an order from President Vladimir Putin to review the payouts, the government introduced a three-tier scale with compensation depending on the level of injury, according to a decree signed Wednesday….
Several Russian billionaires don’t share the optimism of Vladimir Putin’s government that Russia’s economy will keep growing at a pace most Western countries can only envy. And they see little prospect that incoming US President Donald Trump will lift sanctions. While they don’t expect a collapse that would force Putin to end his invasion of…
Trump has repeatedly claimed that he would end the war started by Russian President Vladimir Putin’s all-out invasion of Ukraine in February 2022 in one day. In an attempt to anticipate any upcoming cuts to Ukraine funding, the government of outgoing President Joe Biden is looking to send the last of more than $6 billion…
While Russian gains are putting pressure on the Ukrainian front, Radakin said, Moscow is suffering losses “for tiny increments of land.” The Kremlin does not provide figures on the impact the invasion of Ukraine in February 2022 has had on the Russian military. A Wall Street Journal report in September said more than a million…
Russian forces suffered an average of around 1,500 dead and injured per day in Ukraine during October, according to the UK’s chief of defence staff. Admiral Sir Tony Radakin told the BBC that the Russian people were paying an “extraordinary price” for Russian President Vladimir Putin’s invasion, saying that October was the worst month for…
The move to pause its mediator role comes after senior U.S. officials reportedly said Washington would no longer accept the presence of Hamas representatives in Qatar, accusing the Palestinian militant group of rejecting fresh proposals for an end to the war in Gaza. The Qatari statement said media reports on the future of the Hamas…
Stocks rose at the end of their best week in 2024 amid solid consumer sentiment data and bets that Donald Trump’s promises of tax cuts will further benefit corporations. Equities advanced for a fourth consecutive session with the S&P 500 hitting its 50th record this year. The gauge briefly topped the 6,000 mark and ultimately…