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Biden ramps up Ukrainian military assistance

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U.S. President Joe Biden is speeding up the process of providing military aid to Ukraine, as the war enters its third month

Biden is vowing to support Ukraine “in their fight to defend their country and their democracy” against Vladimir Putin’s terror.

The bill was passed in the House last month with a 417-10 vote, and unanimously through the Senate, a rare moment of bipartisanship for lawmakers.

The President signed into law S3522, the “Ukraine Democracy Defense Lend-Lease Act of 2022,” making it easier to export military equipment to Ukraine.

Biden sped up military aid to Ukraine on Monday, signing a present-day version of a lending program that helped defeat Hitler’s Germany.

The original Lend-Lease Act let Washington lend or lease weapons to its allies — the new version will allow the same to Ukraine immediately.

Before he signed the bill, Biden said it was time again to form a global force for peace.

“Every day Ukrainians pay with their lives and they fight along with the atrocities that the Russians are engaging in are just beyond the pale. And the cost to the fight is not cheap, but caving to aggression is even more costly. That’s why we’re staying in this.”

The sole condition is repayment at some later date, and the policy will also help other eastern European countries affected by Russia’s invasion.

President Vladimir Putin calls Russia’s actions in Ukraine a “special military operation” to disarm the country and protect it from fascists. Ukraine and the West say the fascism claim is a false pretext for an unprovoked war of aggression by Russia.

The signing came the same day U.S. lawmakers agreed to rush nearly $40 billion in additional aid to Ukraine, according to two sources familiar with the matter.

A proposal for additional COVID-19 funding, which some Democrats wanted to pass along with the emergency Ukraine aid, will now be considered in a separate vote, something Senate Republican Mitch McConnell told reporters he was pleased about.

He had repeatedly advocated for a “clean” Ukraine bill in the Senate.

Both houses of Congress are expected to quickly approve additional funding for Ukraine, which exceeds the $33 billion requested by Biden last month.

The expedited funding comes just as Secretary of State Antony Blinken and Defense Secretary Lloyd Austin urged Congress to act quickly, writing that the military had just enough money to send weapons to Ukraine for the next two weeks.

Reuters

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Trump orders Pentagon to resume nuclear testing immediately

Trump orders Pentagon to resume nuclear testing, raising concerns over arms race and global safety

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Trump orders Pentagon to resume nuclear testing, raising concerns over arms race and global safety

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In Short:
– Trump ordered the Pentagon to resume nuclear testing, risking global tensions and retaliation from other nations.
– Proliferation concerns are rising as nuclear states modernise arsenals and the New START Treaty nears expiration.
US President Donald Trump has ordered the Pentagon to resume nuclear weapons testing immediately, aiming to align with testing programs from other countries according to the conversation.Resuming explosive nuclear tests would likely trigger retaliatory responses from nuclear-armed nations like Russia and China, worsening the arms race and increasing global risks.

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The potential for worldwide radioactive fallout remains high, even for underground tests. The Comprehensive Nuclear Test Ban Treaty, signed by 187 states, prohibits such testing, yet the US remains a signatory without ratification, bound not to violate the treaty’s intent.

Nuclear weapon testing, once crucial for understanding weapon effects and military planning, has diminished. Since World War II, nuclear tests have largely focused on developing new designs. Significant environmental and health concerns led to a moratorium on atmospheric testing in the early 1960s and the Partial Test Ban Treaty in 1963.

Many countries, including the US, stopped explosive testing in the 1990s. Technological advancements allowed nations to develop nuclear weapons without the need for actual explosions.

Proliferation Risks

Nuclear proliferation continues, with all nine nuclear-armed states investing heavily in modernising their arsenals. This raises concerns about lowered thresholds for using such weapons.

Recent conflicts involving nuclear threats have escalated, and the number of nuclear weapons operationally available has begun to rise again. Russia has tested advanced nuclear weapons, while China is rapidly expanding its military capabilities.

The New START Treaty, which confines the nuclear capabilities of the US and Russia, is set to expire soon, with no successor treaty negotiations underway.

The Doomsday Clock has moved closer to midnight this year, highlighting the heightened dangers facing the world today.

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US–China trade talks are a handshake, not a deal

Trump and Xi unofficially extend tariff truce, with US concessions and Chinese commitments on soybeans, fentanyl, and rare earths.

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Trump and Xi unofficially extend tariff truce, with US concessions and Chinese commitments on soybeans, fentanyl, and rare earths.


Presidents Trump and Xi extend their tariff truce in an informal meeting, with US cuts and Chinese promises on soybeans, fentanyl, and rare earths.

Steve Gopalan from SkandaFX cautions this is unofficial and deeper issues between the two super powers remain.

#USChina #TradeTruce #Tariffs #GlobalMarkets #Soybeans #RareEarths #UnofficialDeal #TickerNews


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Markets cautious as rate cut hopes fade

Central banks ease rate cut hopes amid inflation and wobbling tech stocks; markets adjust to Fed’s new stance.

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Central banks ease rate cut hopes amid inflation and wobbling tech stocks; markets adjust to Fed’s new stance.


Central banks pull back on rate cut expectations as tech stocks wobble and inflation pressures persist. Markets adjust cautiously to the Fed’s new tone.

#Markets #Fed #InterestRates #Inflation #TechStocks #CapitalMarkets #TickerNews #Economy #FinancialUpdate


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