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Handshake but no friendship: Biden and Putin meet in Geneva

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Well the meeting didn’t go for 6 hours like some suggested, but the meeting the whole world was watching under a microscope, has officially taken place.

US President Joe Biden and Russian President Vladimir Putin convened in Geneva, Switzerland just hours ago, in what is the first face-to-face meeting between the two and the first meeting of its kind since 2018.

The summit is being viewed as a milestone event for the two nations, with relations between Russia and the US at an all-time low.

Biden says “it’s always better to meet face-to-face”

When the meeting wrapped up, both leaders praised the talks, but it is seen as just a small step towards mending the fractured diplomatic relationship.

Putin says Biden is “an experienced statesman” and believes the two leaders “spoke the same language”.

Biden says Russia does not want “another cold war”, and there is now a genuine prospect to improve relations.

What issues did the leaders talk about?

They began with discussions about nuclear arms control and agreed that they would both return ambassadors to each other’s capitals.

The Russian and American envoys were withdrawn in March following allegations that Russia meddled in the US election.

However, there was little sign of movement from either party on the issues of human rights, Ukraine, cybersecurity and Russian opposition leader Alexi Navalny.

Biden says his agenda is “not against Russia” and the President is working to defend the American public and America’s democracy.

Global standing “diminished’?

Biden also believes that Russia’s alleged interference in previous US elections has resulted in the country’s global standing being “diminished”

Putin did hint at the prospect of exchanging prisoners, believing that compromises could be found.

Cyber threat: What President Biden told Putin was ‘off-limits’

President Joe Biden told Vladimir Putin that certain critical infrastructure should be “off-limits” to cyberattacks.

Putin says his talks with President Biden were “quite constructive,” and that they reached an agreement on cyber security.

Lester Munson, a Senior Fellow at the National Security Institute told TickerNEWS LIVE that following recent ransomeware attacks, cyber security is one of America’s biggest threats.

Putin says most hackers are based out of the United States, with Biden responding by saying that his country’s critical infrastructure, like water and energy, is “off-limits”.

Biden says Russia is in a “very difficult spot right now”

When discussing the fate of Alexi Navalny, Putin says the Russian opposition leader “ignored the law” and denied accusations that he was poisoned by Russian officials.

Biden was also asked why he thought Russia would have any desire to cooperate with the US.

On this, Biden says Russia is in a “very difficult spot right now”, and the country is trying to stay relevant and remain a major power.

Biden challenges CNN reporter

The US president was also pressed by reporters who asked why he is so confident that Putin’s behaviour will change.

Russia is “being squeezed by china”

Biden believes Russia is “being squeezed by china” and it is in Putin’s best interest to engage in a productive relationship with America.

Putin wanted to make it clear that Russia remains a world leader and is an important country with an economy that still matters to the United States and to the world… and that was why President Biden arranged the meeting.

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

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Powell warns against further December interest rate cuts

Powell warns against assumptions of further rate cuts, highlighting divisions within the Fed amid ongoing economic uncertainties

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Powell warns against assumptions of further rate cuts, highlighting divisions within the Fed amid ongoing economic uncertainties

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In Short:
– Jerome Powell stated further interest rate cuts are uncertain after recent decreases, aiming to manage market expectations.
– The Fed ended its balance sheet reduction due to lending market disruptions and mixed views on future rate cuts among officials.

Federal Reserve chairman Jerome Powell indicated that further interest rate cuts are not guaranteed following the recent decrease. In a press conference, he stated that a further reduction in December is “far from” certain. His comments aimed to temper market expectations, where the likelihood of another cut was previously estimated at over 90 per cent.In response to Powell’s remarks, yields on the two-year treasury rose, and traders adjusted their expectations, now estimating a 60 per cent chance of a December reduction. Recently, the Federal Open Market Committee voted 10-2 to lower the federal funds rate target range to 3.75-4 per cent, in response to concerns about the labour market.

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The Fed has also announced an end to its balance sheet reduction efforts due to disruptions in short-term lending markets. Since 2022, the bank has reduced its asset holdings by over $US2 trillion following aggressive purchases aimed at stabilising the economy after the pandemic.

Policy Divisions

Recent post-meeting statements highlighted mixed views among Fed officials about the pace of future rate cuts. Powell remarked that uncertainty surrounding economic conditions necessitates a cautious approach. Ongoing government shutdowns have limited policymakers’ access to crucial economic data, complicating decision-making.

Recent labour market developments show slowed job gains, raising concerns about employment. The Fed is also cautious about reducing rates too quickly due to inflation remaining above their 2 per cent target, reflecting a complex economic landscape. Policymakers have struggled with decisions amid data limitations from the government shutdown, impacting their assessments of inflation and economic indicators.


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Trump finalises trade deal with South Korea at summit

Trump and South Korea finalise trade deal as he prepares for vital summit with Xi Jinping in Busan

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Trump and South Korea finalise trade deal as he prepares for vital summit with Xi Jinping in Busan

<iframe width=”560″ height=”315″ src=”https://www.youtube.com/embed/GB4FDyAt_a4?si=lN5bO3Upkyr75zAa” title=”YouTube video player” frameborder=”0″ allow=”accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share” referrerpolicy=”strict-origin-when-cross-origin” allowfullscreen></iframe>
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In Short:
– Trump and South Korea’s Lee finalised a trade deal requiring $350 billion in U.S. investments.
– Trump anticipates favourable talks with China to reduce tariffs and improve relations.

Donald Trump and South Korean President Lee Jae Myung finalised a contentious trade deal at a summit in South Korea on Wednesday. The U.S. President expressed optimism about an upcoming summit with China’s Xi Jinping.The agreement, unveiled in late July, stipulated that South Korea would make $350 billion in new investments in the U.S. to avoid significant tariffs on imports. However, negotiations on the investment structure had stalled.

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Trump and Lee reached a compromise allowing Seoul to divide its $350 billion investment into $200 billion in cash, paid in $20 billion instalments. The remaining $150 billion will be allocated to shipbuilding investments.

Upon arrival from Tokyo, following a North Korea missile test, President Trump received an extravagant welcome in the historic city of Gyeongju, the venue for this year’s Asia-Pacific Economic Cooperation forum.

His discussions with Xi are scheduled for Thursday in Busan. Trump downplayed the North Korea missile test and focused on his meeting with Xi, the leader of the world’s second-largest economy.

“I think we’re going to have a very good outcome for our country and for the world,” Trump stated. He anticipates reducing U.S. tariffs on Chinese imports in exchange for China agreeing to control the export of fentanyl precursor chemicals. The Wall Street Journal reported that tariffs could be halved from the current 20%.

China’s foreign ministry indicated that the upcoming meeting would foster positive developments in U.S.-China relations.

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December rate cut all but locked in

Australia’s economy struggles; rate cut impending but signals deeper issues, not recovery. #RBA #InterestRates #FinanceNews

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Australia’s economy struggles; rate cut impending but signals deeper issues, not recovery. #RBA #InterestRates #FinanceNews


Australia’s economy is losing steam, with weak consumer confidence, falling job ads, and a struggling construction sector, a December rate cut now seems inevitable. But it won’t be a win, it’ll be a warning.

#RBA #InterestRates #AustraliaEconomy #Inflation #Growth #Recession #FinanceNews #CPI #Economy #RateCut


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