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New Diplomacy on the Horizon: U.S. and Russia Push Ahead Without Ukraine

  In a bold shift from previous diplomatic efforts, top U.S. and Russian officials have agreed to advance negotiations aimed at ending the war in Ukraine—even as Ukrainian representatives remain notably absent. High-level talks held in Riyadh, Saudi Arabia, saw U.S. Secretary of State Marco Rubio and Russian Foreign Minister Sergey Lavrov discussing the framework for future peace negotiations and steps toward restoring bilateral relations. The Trump administration’s approach, which prioritizes direct engagement with Moscow, marks a departure from longstanding principles that insisted on “nothing about Ukraine without Ukraine.” Critics in Kyiv have voiced strong opposition. Ukrainian President Volodymyr Zelenskyy warned that any agreement reached without Ukraine’s participation would be unacceptable and would undermine the nation’s sovereignty. European leaders echoed these concerns, with several officials labeling the move as a dangerous precedent that could lead to a “dirty deal...

US Employers Add 353,000 Jobs in January, Defying High Interest Rates and Inflation Pressures

 

The US economy has shown remarkable resilience in the face of the highest interest rates in two decades, with employers adding 353,000 jobs in January, according to a report by the Labor Department. This figure surpassed the 333,000 jobs added in December, which was itself revised upwards. The unemployment rate remained at 3.7%, just off a half-century low.

This latest report is a further sign of the economy’s continuing ability to shrug off the impact of high interest rates. It also highlights employers’ willingness to keep hiring to meet steady consumer spending. The gains far exceeded expectations and come as the intensifying presidential campaign is pivoting in no small part on views of President Joe Biden’s economic stewardship.

The Federal Reserve has taken note of the economy’s durability, with Chair Jerome Powell saying “the economy is performing well, the labor market remains strong”. The Fed made clear that while it’s nearing a long-awaited shift toward cutting interest rates, it’s in no hurry to do so.

The report is a welcome boost for the US economy, which has been facing headwinds from the pandemic and inflation. The latest gains showcase the strength of the US economy and its ability to weather the storm of high interest rates and inflation pressures.


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