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Putin boosts defence spending amidst Ukraine conflict escalation
Putin approves record defense spending amid ongoing war in Ukraine; EU leaders reaffirm support during visit to Kyiv.
Russian President Vladimir Putin has approved a significant increase in military spending for 2025, marking a record allocation of 13.5 trillion rubles (over $145 billion).
This figure represents approximately 32.5% of the overall national budget, an increase from 28.3% in the previous year.
The Russian parliament recently endorsed these plans amid ongoing conflict with Ukraine, which has been intensifying since the beginning of the full-scale invasion in February 2022.
European Council President Antonio Costa and EU foreign policy chief Kaja Kallas have visited Kyiv
Meanwhile, European leaders, including new European Council President Antonio Costa and EU foreign policy chief Kaja Kallas, have visited Kyiv, reaffirming the EU’s commitment to support Ukraine. They pledged financial assistance, including €4.2 billion for Ukraine’s budget and €1.5 billion in monthly support derived from frozen Russian assets.
During a press conference with Ukrainian President Volodymyr Zelenskyy, Costa emphasized the EU’s determination to stand by Ukraine, regardless of potential changes in U.S. administration.
Zelenskyy asserted that any future negotiations with Russia should involve EU and NATO representatives, emphasizing the importance of these alliances for Ukraine’s security.
News
Fed rate cut fallout shakes global markets
US Federal Reserve’s rate cut unsettles investors, igniting debate on easing cycle versus one-off move.
US Federal Reserve’s rate cut unsettles investors, igniting debate on easing cycle versus one-off move.
The US Federal Reserve’s latest quarter-point rate cut has unsettled investors worldwide, sparking debate over whether it signals the start of an easing cycle or a one-off move.
#FederalReserve #Markets #InterestRates #Australia #TickerNews
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Aussie jobs market shows signs of strain
Australia’s job market shows decline with 5,400 cuts in August; unemployment steady at 4.2% despite easing migration.
Australia’s job market shows decline with 5,400 cuts in August; unemployment steady at 4.2% despite easing migration.
Australia’s labour market is losing momentum, with 5,400 jobs cut in August and participation falling, even as unemployment held steady at 4.2%.
Employment growth has slowed sharply, migration is easing, and the Aussie dollar has dropped after touching an 11-month high.
#Australia #Jobs #FederalReserve #InterestRates #Markets #TickerNews
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Trump threatens TV networks over licences
Trump escalates feud with networks post-Kimmel suspension, threatening license revocations amid claims of bias against him.
Trump escalates feud with networks post-Kimmel suspension, threatening license revocations amid claims of bias against him.
President Donald Trump has escalated his feud with television networks after ABC suspended Jimmy Kimmel’s late-night show.
Trump suggested broadcasters that he claims are “against him” could face licence revocations.
He argued that networks were “97 percent against me” during the 2024 election and praised FCC Chairman Brendan Carr as “outstanding.”
#Trump #Media #FCC #JimmyKimmel #TickerNews
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