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US President Donald Trump affirmed that his plan to end the war in Ukraine is not a final offer, expressing his hope that the fighting will cease "one way or another."In response to journalists' questions about whether his plan, which includes concessions Ukraine should make to Russia, represents a final offer to Kyiv, Trump said: "one way or another we have to get it [the war] ended, so we're working on it."The United States presented Ukraine with a plan drafted by the Trump administration that includes conditions for ending the war with Russia. These conditions include Kyiv ceding more territory, reducing the size of its army, and imposing restrictions on its accession to NATO.Several European Union leaders welcomed the US plan, considering it to contain important elements for achieving a just and lasting peace, but they stated that it still requires amendments.

Division at the Federal Reserve has intensified in recent weeks, with officials staking out disparate positions ahead of the central bank’s December policy meeting — all while Chair Jerome Powell stays silent. The drama was amped up on Friday when New York Fed President John Williams, sometimes seen as a proxy for the Fed chief, signalled his support for a rate cut after several other policymakers came out leaning against one.Powell himself hasn’t spoken publicly since the central bank’s last rate decision on October 29. But a tally of recent remarks suggests the other voting members of the rate-setting Federal Open Market Committee are now nearly evenly split over what to do, all but ensuring some will vote against the December 10 decision regardless of the outcome.Once a rarity under Powell, dissents have increased this year. As officials wrestled with competing objectives of supporting a flagging labour market and keeping inflation in check, there hasn’t been a unanimous vote since June. The government shutdown, which delayed several key economic data releases, further complicated their ability to agree on which goal to prioritise. “By Powell not being out there right now, he’s letting every single member of the Open Market Committee have a voice and be listened to,” said Claudia Sahm, chief economist at New Century Advisors and a former Fed economist. “He’s giving them space to have this disagreement, and that’s actually a good thing because this is tough and you should have these debates.” The recent back-and-forth has scrambled market bets on the next rate move, as traders attuned to the Fed’s consensus view are now counting votes among individual policymakers.Heading into the October policy meeting, investors saw a December rate cut as a sure thing. Odds plunged following the outburst of hawkish sentiment, briefly falling below 30%, according to pricing in federal funds futures. But they rebounded above 60% after Williams’ remarks on Friday. The central bank has long prided itself on making rate decisions by consensus, and it’s been a hallmark of Powell’s tenure at the helm, which began in 2018 and is set to conclude in May.The resulting low number of dissenting votes at the Fed’s eight annual policy meetings telegraphs confidence in their decisions, and some research suggests it ensures clear and effective communication of the committee’s intentions. But critics argue it also leads to “group-think” that suppresses potentially important arguments. “On the group-think thing, people who are accusing us of this, get ready. You might see the least group-think you’ve seen from the FOMC in a long time,” Fed Governor Christopher Waller said Monday.Waller dissented from the Fed’s decision to hold rates steady in July along with his colleague Michelle Bowman — the first time two Fed governors had voted against the chair in 32 years. At the following meeting in mid-September, Governor Stephen Miran — who joined the Fed board that month after being nominated by President Donald Trump — voted against his colleagues’ decision to lower rates by a quarter point, instead favouring a bigger rate reduction. At the Fed’s October 28-29 meeting, Miran dissented again for the same reason, while Kansas City Fed President Jeff Schmid dissented in the opposite direction.Schmid wanted to hold rates steady, arguing that further cuts could reignite inflation. That’s a sentiment that’s been expressed by more and more Fed policymakers in the weeks since. Five of the 12 officials who vote on policy this year have indicated they’re leaning toward keeping rates on hold next month. “We need to be careful and cautious now about monetary policy,” Fed Governor Michael Barr, who in the past has leaned toward providing support for the labour market, said this week.Other past doves have also indicated they might be more comfortable holding rates steady next month. They include Chicago Fed President Austan Goolsbee, who hasn’t dissented in his nearly three years at the Fed, but said he would if he felt like he needed to. “If I end up feeling strongly one way, and it’s different from what everybody else thinks, then that’s what it is. That’s fine.I think that’s healthy,” Goolsbee said Thursday in a call with reporters. “I don’t think there’s anything wrong with dissenting.” He acknowledged there have been more dissents this year than in recent Fed history, but also called that healthy. It’s not unprecedented in the longer arc of the central bank’s existence.Dissents abounded in the 1980s, when the Fed lifted rates to punishingly high levels in order to bring down high inflation, and in the 1990s when lingering anxiety about price pressures had many policymakers concerned about easing too much. “Uncertainty is a pervasive feature of the macro economy and monetary policymaking,” Dallas Fed President Lorie Logan said Friday. “A policymaker cannot know with certitude the current state of every relevant aspect of the economy, let alone exactly how every part of the economy works or what shocks may arrive.Yet policymakers must still make policy decisions.” The December decision is shaping up to be the closest call in years. Some, like Deutsche Bank Senior Economist Brett Ryan, believe Williams locked in a cut with his Friday remarks. Others aren’t so sure. “I really think it’s still a coin flip,” said Sahm.

A US official said that President Donald Trump has approved a peace plan between Russia and Ukraine that has been developed over the past few weeks.NBC quoted the official as saying that the plan was prepared discreetly by several senior US administration officials in consultation with Russian envoy Kirill Dmitriev and Ukrainian officials. He noted that US Vice President JD Vance, Secretary of State Marco Rubio, and US envoys Jared Kushner and Steve Witkoff participated in drafting it.He added that the plan focuses on providing security guarantees for both sides, paving the way for a lasting peace.Meanwhile, US and European officials said that several key elements of the plan to end the war in Ukraine are still being revised, and that its release came as a surprise to Ukrainian and European officials.In a related development, a senior Ukrainian official revealed new US proposals to end the war, coinciding with Ukrainian President Volodymyr Zelensky's meeting with his Turkish counterpart, Recep Tayyip Erdogan, and his anticipated meetings with US military officials in Kyiv.Direct talks between Moscow and Kyiv have not taken place since the Istanbul meeting in July, amidst the ongoing Russian military operations in eastern Ukraine, which have continued for nearly four years.

President Volodymyr Zelensky has received the draft of a new US-backed plan to end Russia's war in Ukraine and expects to have talks with President Donald Trump in the coming days, Zelensky's office said Thursday.Two sources told Reuters on Wednesday that Washington had signalled to Zelensky that Kyiv must accept the US-drafted framework to end the nearly-four-year-old war, which includes territorial concessions and curbs on Ukraine's armed forces.European countries pushed back Thursday against the plan, which sources said would require Kyiv to give up more land and partially disarm, conditions long seen by Ukraine's allies as tantamount to capitulation. "We are ready now, as before, to work constructively with the American side, as well as with our partners in Europe and around the world, so that the outcome is peace," Zelensky's office said in a statement on Telegram. Zelensky's talks with Trump would include discussion of the "key points required to achieve peace", it said.Trump and Zelensky clashed in front of television cameras in a disastrous meeting for the Ukrainian leader at the White House in March, but talks went more smoothly when he visited the White House this summer. The acceleration in US diplomacy comes at an awkward time for Kyiv, with its troops on the back foot on the battlefield and Zelensky's government undermined by a corruption scandal.Parliament fired two cabinet ministers on Wednesday. Moscow played down any new US initiative. "Consultations are not currently under way. There are contacts, of course, but there is no process that could be called consultations," Kremlin spokesman Dmitry Peskov said. He said Russia had nothing to add beyond the position President Vladimir Putin laid out at a summit with US President Donald Trump in August, adding that any peace deal must address the "root causes of the conflict", a phrase Moscow has long used to refer to its demands.With another winter approaching in the nearly four-year-old war, Russian troops occupy almost one-fifth of Ukraine and are poised to capture their first substantial city in nearly two years — the ruined eastern railway hub of Pokrovsk.Video footage released by Russia's defence ministry Thursday showed its troops moving freely through the southern part of Pokrovsk, patrolling deserted streets lined with charred apartment blocks. European Union foreign ministers meeting in Brussels did not comment in detail about the US plan, which has not been made public, but indicated they would not accept demands for Kyiv to make punishing concessions. "Ukrainians want peace — a just peace that respects everyone's sovereignty, a durable peace that can't be called into question by future aggression," said French Foreign Minister Jean-Noel Barrot. "But peace cannot be a capitulation."German Foreign Minister Johann Wadephul said US special envoy Steve Witkoff had, during a phone call Thursday, underlined "the importance of close coordination with Germany and our European partners" in talks to end the war.The White House has not commented on the reported proposals. US Secretary of State Marco Rubio said on X that Washington would "continue to develop a list of potential ideas for ending this war based on input from both sides of this conflict". "...Achieving a durable peace will require both sides to agree to difficult but necessary concessions," Rubio said.A US Army delegation, led by Army Secretary Dan Driscoll and the Army's Chief of Staff Randy George, was in Kyiv and expected to meet Zelenskiy late Thursday. They met Ukraine's top military commander Oleksandr Syrskyi late on Wednesday. Syrskyi said the best way to secure a just peace was to defend Ukraine's airspace, extend its ability to strike deep into Russia and stabilise the front line.

Saudi priorities include defense, technology, nuclear powerBin Salman welcomed with flyover, honor guardTrump to urge normalization of ties with IsraelUS-Saudi business deals expected to be struckPresident Donald Trump hosted Crown Prince Mohammed bin Salman at the White House Tuesday, with the Saudi de facto ruler seeking to deepen ties with Washington. Making his first White House visit in more than seven years, the crown prince was greeted with a lavish display of pomp and ceremony presided over by Trump on the South Lawn, complete with a military honour guard, a cannon salute and a flyover by US warplanes.Talks between the two leaders are expected to advance security ties, civil nuclear co-operation and multibillion-dollar business deals with the kingdom. The meeting underscores a key relationship -- between the world’s biggest economy and the top oil exporter.Trump greeted bin Salman with a smile and a handshake on the red carpet, while dozens of military personnel lined the perimeter. The limousine was escorted up the South Drive by a US Army mounted honour guard. The two leaders then looked skyward as fighter jets roared overhead, before Trump led his guest inside. Before sitting down for talks, the two leaders chatted amiably as Trump gave bin Salman a tour of presidential portraits lining the wall outside the Oval Office.During a day of White House diplomacy, bin Salman will hold talks with Trump in the Oval Office, have lunch in the Cabinet Room and attend a formal black-tie dinner in the evening, giving it many of the trappings of a state visit. US and Saudi flags festooned lamp posts in front of the White House.Trump expects to build on a $600bn Saudi investment pledge made during his visit to the kingdom in May, which will include the announcement of dozens of targeted projects, a senior US administration official said. The US and Saudi Arabia were ready to strike deals for defence sales, enhanced co-operation on civil nuclear energy and a multibillion-dollar investment in US artificial intelligence infrastructure, the official said on condition of anonymity.

The UN Security Council on Monday voted to adopt a US-drafted resolution endorsing President Donald Trump's plan to end the war in Gaza and authorising an international stabilisation force for the Palestinian enclave. Israel and the Palestinian resistance group Hamas agreed last month to the first phase of Trump's 20-point plan for Gaza - a ceasefire in their two-year war and a hostage-release deal - but the UN resolution is seen as vital to legitimising a transitional governance body and reassuring countries that are considering sending troops to Gaza.The text of the resolution says member states can take part in the Trump-chaired Board of Peace envisioned as a transitional authority that would oversee reconstruction and economic recovery of Gaza. It also authorises the international stabilization force, which would ensure a process of demilitarising Gaza, including by decommissioning weapons and destroying military infrastructure. Hamas, in a statement, reiterated that it will not disarm and argued that its fight against Israel is legitimate resistance, potentially pitting the group against the international force authorised by the resolution."The resolution imposes an international guardianship mechanism on the Gaza Strip, which our people and their factions reject," Hamas said in its statement, issued after the adoption of the resolution. Mike Waltz, the U.S. ambassador to the UN, said the resolution, which includes Trump's 20-point plan as an annex, "charts a possible pathway for Palestinian self-determination ... where rockets will give way to olive branches and there is a chance to agree on a political horizon." Russia, which holds a veto on the Security Council, earlier signaled potential opposition to the resolution but abstained from the vote, allowing the resolution to pass.The UN ambassadors of Russia and China, which also abstained, complained that the resolution does not give the UN a clear role in the future of Gaza. The Palestinian Authority issued a statement welcoming the resolution, and said it is ready to take part in its implementation.Trump celebrated the vote as "a moment of true Historic proportion" in a social media post. "The members of the Board, and many more exciting announcements, will be made in the coming weeks," Trump wrote. The resolution has proven controversial in Israel because it references a future possibility of statehood for the Palestinians. The resolution's text says that "conditions may finally be in place for a credible pathway to Palestinian self-determination and statehood" once the Palestinian Authority has carried out a reform programme and Gaza's redevelopment has advanced.

Tariff rollback includes beef, tomatoes, bananas amid inflation concernsTrade deals with Argentina, Ecuador, Guatemala, El Salvador to eliminate tariffsDemocrats criticize Trump for inflation linked to tariffs (Adds Trump comments, paragraphs 3, 17, 18, details on order throughout, industry reaction paragraphs 12-15)US President Donald Trump has rolled back tariffs on more than 200 food products, including such staples as coffee, beef, bananas and orange juice, in the face of growing angst among American consumers about the high cost of groceries.The new exemptions — which took effect retroactively at midnight on Thursday — mark a sharp reversal for Trump, who has long insisted that the sweeping import duties he imposed earlier this year are not fueling inflation."They may in some cases" raise prices, Trump said of his tariffs when asked about the move aboard Air Force One on Friday evening. But he insisted that overall, the US has "virtually no inflation." Democrats have won a string of victories in state and local elections in Virginia, New Jersey and New York City, where growing voter concerns about affordability, including high food prices, were a key topic.Trump also told reporters aboard Air Force One that he would move forward with a $2,000 payment to lower- and middle-income Americans that would be funded by tariff revenues next year sometime. "The tariffs allow us to give a dividend if we want to do that. Now we're going to do a dividend and we're also reducing debt," he said.The Trump administration announced framework trade deals on Thursday that, once finalised, will eliminate tariffs on certain foods and other imports from Argentina, Ecuador, Guatemala and El Salvador, with US officials eyeing additional agreements before year's end.Friday's list includes products US consumers routinely purchase to feed their families at home, many of which have seen double-digit year-over-year price increases. It includes over 200 items ranging from oranges, acai berries and paprika to cocoa, chemicals used in food production, fertilizers and even communion wafers.The White House, in a fact sheet on the order, said it came on the heels of "significant progress the President has made in securing more reciprocal terms for our bilateral trade relationships." It said Trump decided certain food items could be exempted since they were not grown or processed in the US, and given the conclusion of nine framework deals, two final agreements on reciprocal trade, and two investment deals.Ground beef, as of the latest available data for September, was nearly 13% more expensive, according to Consumer Price Index data, and steaks cost almost 17% more than a year ago. Increases for both were the largest in more than three years, dating back to when inflation was nearing its peak under Trump's predecessor, Democrat Joe Biden.Although the US is a major beef producer, a persistent shortage of cattle in recent years has kept beef prices high.Banana prices were about 7% higher, while tomatoes were 1% higher. Overall costs for food consumed at home were up 2.7% in September.The tariff exemptions won praise from many industry groups, while some expressed disappointment that their products were excluded from the exemptions."Today’s action should help consumers, whose morning cup of coffee will hopefully become more affordable, as well as US manufacturers, which utilize many of these products in their supply chains and production lines," FMI-Food Industry Association president Leslie Sarasin said in a statement.Distilled Spirits Council president Chris Swonger said that excluding spirits from the European Union and Britain "is yet another blow to the US hospitality industry just as the critical holiday season kicks into high gear." "Scotch, Cognac and Irish Whiskey are value-added agricultural products that cannot be produced in the US," Swonger added.Asked if further changes were planned, Trump told reporters aboard Air Force One, "I don't think it'll be necessary." "We just did a little bit of a rollback," he said. "The prices of coffee were a little bit high, now they'll be on the low side in a very short period." NEW FOCUS ON AFFORDABILITY Trump has upended the global trading system by imposing a 10% base tariff on imports from every country, plus additional specific duties that vary from state to state.Trump has focused squarely on the issue of affordability in recent weeks, while insisting that any higher costs were triggered by policies enacted by Biden, and not his own tariff policies.Consumers have remained frustrated over high grocery prices, which economists say have been fueled in part by import tariffs and could rise further next year as companies start passing on the full brunt of the import duties.The top Democrat on the House of Representatives Ways and Means Committee, Richard Neal, said the Trump administration was "putting out a fire that they started and claiming it as progress." "The Trump Administration is finally admitting publicly what we've all known from the start: Trump's Trade War is hiking costs on people," Neal said in a statement. "Since implementing these tariffs, inflation has increased and manufacturing has contracted month after month."

US President Donald Trump said on Friday he thought Thailand and Cambodia were "going to be fine" after he sought to mediate a flare-up in their border dispute, but the Thai leader continued to demand an apology from Phnom Penh. Thailand this week suspended a US-brokered ceasefire deal and demanded an apology over allegations that Cambodia had laid fresh landmines that injured Thai soldiers, which Cambodia denies.Long-running tensions over a disputed border between the two Southeast Asian nations erupted into five days of fighting in July, when at least 48 people were killed and an estimated 300,000 temporarily displaced, before Trump and Malaysian Prime Minister Anwar Ibrahim brokered the ceasefire."I spoke to the prime ministers of both countries and they’re doing great. I think they’re going to be fine," Trump told reporters on Friday evening. But Thai Prime Minister Anutin Charnvirakul said on Saturday that Bangkok would not adhere to the agreement until Cambodia admitted its violation and issued an apology for the latest incident.Anutin posted on Facebook after speaking to Trump and Malaysia's Anwar that Thailand has the right to take any action necessary to protect its sovereignty and ensure the safety of its people and property from foreign threats. He said he asked Trump and Anwar, who has been a mediator in the dispute, to tell Cambodian Prime Minister Hun Manet to abide by the agreement and not to interfere in the removal of mines.Hun Manet said in a Facebook post on Saturday that Phnom Penh would continue to implement the deal and hoped both sides would continue to work together in accordance with the agreed principles and mechanism. Trump also engaged with Malaysia on Friday, a White House official said.Anwar posted on X that Cambodia and Thailand were ready to "continue choosing the space for dialogue and diplomatic efforts as an effective path to resolution."

The US government was set to take the first tentative steps towards re-opening Thursday after President Donald Trump signed a bill to end the longest federal shutdown in US history.The 43-day funding freeze had paralysed Washington and left hundreds of thousands of workers unpaid while Republicans and Democrats played a high-stakes blame game.The Republican-led House of Representatives voted on Wednesday, largely along party lines, to approve a Senate-passed package that will reopen federal departments and agencies, as many Democrats fume over what they see as a capitulation by party leaders.Trump lashed out at Democrats as he put his signature to the bill later in the Oval Office, urging Americans to remember the chaos when voting in hotly contested US midterm elections in a year's time."Today we are sending a clear message that we will never give in to extortion," said Trump, surrounded by gleeful Republican lawmakers including House Speaker Mike Johnson.Johnson had earlier pointed the finger at the minority party in a withering floor speech before the vote."When we come up to midterms and other things, don't forget what they've done to our country," Trump said. "So with my signature, the federal government... will now resume normal operations."The package funds military construction, veterans' affairs, the Department of Agriculture, and Congress itself through next fall, and the rest of government through the end of January when lawmakers will again need to reach a funding agreement.Around 670,000 furloughed civil servants will report back to work, and a similar number who were kept at their posts with no compensation — including more than 60,000 air traffic controllers and airport security staff — will get back pay.Several federal agencies, including the Justice Department and the Department of Health and Human Services, told their staff to return to the office Thursday, according to US media.Travel delays looked set to improve but not disappear with almost 1,000 flights cancelled Thursday, according to tracking website FlightAware. Authorities said air traffic controller shortages were easing and the transportation secretary on Wednesday released a fresh order for six percent of flights to be frozen — lower than the eight to 10 percent expected under the previous emergency directive.The deal also restores federal workers fired by Trump during the shutdown, while air travel that has been disrupted across the country will gradually return to normal.Trump falsely accused Democrats of costing the country $1.5tn. While the full financial toll of the shutdown has yet to be determined, the Congressional Budget Office estimates that it has caused $14bn in lost growth.Johnson and his Republicans had almost no room for error as their majority is down to two votes.Democratic leadership — furious over what they see as their Senate colleagues folding — had urged members to vote no and all but a handful held the line.Although polling showed the public mostly on Democrats' side throughout the standoff, Republicans are widely seen as having done better from its conclusion.For more than five weeks, Democrats held firm on refusing to reopen the government unless Trump agreed to extend pandemic-era tax credits that made health insurance affordable for millions of Americans.Election victories in multiple states last week gave Democrats further encouragement and a renewed sense of purpose.But a group of eight Senate moderates broke ranks to cut a deal with Republicans that offers a vote in the upper chamber on health care subsidies — but no floor time in the House and no guarantee of action.Democrats are now deep in a painful reckoning over how their tough stance crumbled without any notable win.Democratic leadership is arguing that — while their health care demands went largely unheard — they were able to shine the spotlight on an issue they hope will power them to victory in the 2026 midterm elections."Over the last several weeks, we have elevated successfully the issue of the Republican health care crisis, and we're not backing away from it," House Minority Leader Hakeem Jeffries told MSNBC.But his Senate counterpart Chuck Schumer is facing a backlash from the fractious progressive base for failing to keep his members unified, with a handful of House Democrats calling for his head.Outside Washington, some of the party's hottest prospects for the 2028 presidential nomination added their own voices to the chorus of opprobrium.California Governor Gavin Newsom called the agreement "pathetic," while his Illinois counterpart JB Pritzker said it amounted to an "empty promise." Former transportation secretary Pete Buttigieg called it a "bad deal."

US President Donald Trump signed a funding bill to reopen the government, ending the longest shutdown in the US history after the US House of Representatives approved the bill earlier in a 222-209 vote, with nearly every Republican and a some Democrats voting for it, according to CNN.The House, which is controlled by the Republicans, voted by a narrow majority to approve a package passed by the Senate that would reopen federal departments and agencies. Six Democrats joined nearly all Republicans in voting yes for the bill while two Republicans joined most Democrats in voting no.The US Senate had reached a bipartisan agreement a few days ago between the Republican and Democratic parties to resume federal funding and end the government shutdown.

The United States will share a draft resolution on President Donald Trump's peace plan for Gaza with the 10 elected members of the United Nations Security Council, a US official said. Israel and the Palestinian group Hamas agreed a month ago to the first phase of Trump's 20-point plan for Gaza: a ceasefire in their two-year war and hostage-release deal.The United States has drafted a UN Security Council resolution that would approve a two-year mandate for a Gaza transitional governance body and an international stabilization force in the Palestinian enclave, according to the text seen by Reuters.A resolution needs at least nine votes in favour and no vetoes by Russia, China, the US, Britain or France to be adopted.It was not immediately clear if the US has yet shared a copy of the draft resolution with Russia and China. The two-page text seen by Reuters would authorize a Board of Peace transitional governance administration to establish a temporary International Stabilisation Force (ISF) in Gaza that could "use all necessary measures" - code for force - to carry out its mandate.

US President Donald Trump affirmed the strength of relations between his country and South Korea, noting that Seoul is a valued friend and ally of Washington. Trump made this statement during the Asia-Pacific Economic Cooperation (APEC) CEO Summit, held in Gyeongju, South Korea.The US president indicated that a trade agreement with South Korea would be finalized very soon, amid reports that negotiations over the details of the agreement had reached an impasse.For his part, South Korean President Lee Jae Myung asked his US counterpart to allow South Korea access to fuel for its nuclear-powered submarines and pledged to increase defense spending to bolster the country's military capabilities.The South Korean president made these remarks at the start of their summit talks in Gyeongju, southeast of Seoul, where Seoul is seeking to amend the bilateral nuclear energy agreement with Washington to gain greater flexibility in reprocessing spent nuclear fuel and uranium enrichment.The visit marks the US President's first trip to South Korea during his second term in office. The two-day state visit began today as the President arrived in the South Korean city of Busan.