Wall Street little changed after Fed holds rates steady
U.S. stock markets finished mixed on Wednesday (28 January) as investors reacted calmly after the Federal Reserve left interest rates unchanged, a dec...
Ukrainan President Volodymyr Zelenskyy said after talks with a top U.S. Army official on Thursday he was ready for "honest" work with Washington on a plan to end the war in Ukraine, while European allies pushed back against punishing concessions to Russia.
According to the 28-point U.S.-backed plan, Kyiv would be required to give up the entire Donbas region and significantly downsize its military, conditions long seen by Ukraine's allies as tantamount to capitulation.
The plan says Ukraine would have to limit its army to 600,000 troops and that it would "receive robust security guarantees," without providing further details.
It makes several concessions to Russia, including that Crimea, Luhansk and Donetsk will be recognised as de facto Russian by the United States and that Ukrainian forces will withdraw from part of the Donetsk region that they control.
"This plan was drawn up immediately following discussions with one of the most senior members of President Zelenskyy's administration, Rustem Umerov, who agreed to the majority of the plan, after making several modifications, and presented it to President Zelenskyy," a senior U.S. official said.
Zelenskyy, whose office said he had received a draft of the plan, said after meeting U.S. Army Secretary Daniel Driscoll in Kyiv that Ukraine and Washington would work together on elements of it.
"Our teams - Ukraine and the U.S.- will work on the points of the plan to end the war," Zelenskyy wrote on Telegram.
"We are ready for constructive, honest and prompt work."
Zelenskyy's office did not comment directly on the content of the peace plan, which has not been officially published, but said he had "outlined the fundamental principles that matter to our people."
"In the coming days, the President of Ukraine expects to discuss with President Trump the existing diplomatic opportunities and the key points required to achieve peace," it said.
France’s National Assembly has approved a bill banning access to social media for children under 15, a move backed by President Emmanuel Macron and the government as part of efforts to protect teenagers’ mental and physical health.
The S&P 500 edged to a record closing high on Tuesday, marking its fifth consecutive day of gains, as strong advances in technology stocks offset a sharp selloff in healthcare shares and a mixed batch of corporate earnings.
Israel has recovered the remains of the last remaining hostage held in Gaza, the military said on Monday, fulfilling a key condition of the initial phase of U.S. President Donald Trump's plan to end the war in the Palestinian territory.
Sanctions are a long-used tool designed as an alternative to military force and with the objective of changing governments’ behaviour, but they also end up hurting civilian citizens.
A routine military training exercise turned into a major recovery mission this week after a catastrophic mudslide swept through a hillside in West Java, Indonesia.
Life will be particularly tough for Ukrainians over the next three weeks due to plunging temperatures and a compromised energy infrastructure that has been pummeled by intense Russian attacks, depriving millions of light and heat, a senior lawmaker said on Wednesday.
Storm Kristin has killed at least three people and left more than 800,000 residents without electricity across central and northern Portugal, as violent winds, heavy rain and snowfall battered the country before moving into Spain.
New York City Mayor Zohran Mamdani has called for tax increases on the city’s wealthiest residents and most profitable corporations, warning that the city is facing a fiscal crisis on a scale greater than the Great Recession.
The United States is handing over a tanker to Venezuela that it seized earlier this month, according to two U.S. officials, marking the first known case of Donald Trump’s administration returning such a vessel, Reuters reported.
Colombian authorities on Wednesday located a missing plane carrying 15 people in the northeast of the country, with no survivors found, an Air Force source and local media said.
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