Russia is moving to split and cut off this Ukrainian city with about 2,000 residents living in its southern island
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Bloomberg
20 minutes ago
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Trump Sees a Good Chance He'll Meet Putin, Zelenskiy
Good morning. Donald Trump sees a good chance he'll meet Vladimir Putin and Volodymyr Zelenskiy. The Bank of England is set to lower interest rates today. And Egypt's billion-dollar antiquities museum opens in November. Listen to the day's top stories. Donald Trump said there was a 'very good chance' he would meet with Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskiy soon in another bid to broker peace between the two countries. Russia had earlier said Putin exchanged 'signals' with the US when talking to Trump's envoy Steve Witkoff. Trump's new tariffs officially took hold. The president also announced plans to impose a 100% tariff on semiconductor imports, though he would exempt companies moving production to the US. With Trump by his side, Apple's Tim Cook unveiled a fresh $100 billion investment plan. Here's how Apple is expanding an 18-year-old iPhone glass deal to avoid levies.
Yahoo
21 minutes ago
- Yahoo
Ukrainians' trust in Zelenskiy dips after wartime protests, pollster finds
By Dan Peleschuk KYIV (Reuters) -Public trust in Ukrainian President Volodymyr Zelenskiy fell to its lowest level in around six months following rare wartime protests against a move to curb the power of anti-corruption watchdogs, a leading Kyiv pollster said on Wednesday. The survey, by the Kyiv International Institute of Sociology, is the first by a major Ukrainian pollster to measure public sentiment since Zelenskiy sparked anger with a move to subordinate the agencies to a hand-picked prosecutor-general. Thousands of Ukrainians had rallied in Kyiv and other cities late last month against the fast-tracked measures, prompting Zelenskiy and his ruling party to quickly reverse course. The KIIS poll, which began a day after the controversial vote on July 22, found that 58% of Ukrainians currently trust Zelenskiy, down from an 18-month high of 74% in May and 67% in February-March. The move against anti-corruption authorities last month had fuelled discontent in particular because of what critics described as the speed and lack of transparency with which the measures were passed. Fighting corruption and improving governance are key requirements for loan-dependent Ukraine to join the European Union, a step many consider critical to fending off future Russian pressure. While much smaller, the demonstrations had prompted comparisons to Ukraine's 2014 Maidan revolution, when protesters toppled a leader accused of graft and heavy-handed rule in favour of closer ties with the West. KIIS found that those who distrust Zelenskiy cited corruption and his handling of the war as the top two reasons, at 21% and 20%, respectively. Trust had already been decreasing before the protests, it added, but the demonstrations "undoubtedly had an impact" on the continuing slide. Zelenskiy's lowest wartime trust rating was 52% in December 2024, according to KIIS. The latest survey involved more than 1,000 respondents across government-controlled Ukraine. 'WORRYING SIGNAL' In a research note, executive director Anton Grushetskyi said Zelenskiy still enjoyed "a fairly high level of trust" but said the gradual decrease should serve as a warning. "The persistent downward trend is a worrying signal that requires attention and thoughtful decisions from the authorities," he wrote. Zelenskiy, after bowing to pressure and submitting new legislation reversing the controversial measures last month, said he "respects the position of all Ukrainians". However, some protesters interviewed by Reuters said the scandal had at least somewhat altered their perception of Zelenskiy, whose office has also faced allegations of using wartime to centralise power. It has denied those charges. "On the first day of the protests, I thought #12414 simply as a reminder," said 22-year-old IT worker Artem Astaf'yev, referring to the controversial law's designation. A first-time protester, Astaf'yev added that he would probably not vote for Zelenskiy's ruling Servant of the People party in future polls. Elections are currently suspended under martial law. Others like Yuriy Fylypenko, a 50-year-old veteran, said the public outcry had proven that Ukraine's traditionally vibrant civil society could be stoked even in wartime. "We have been convinced that Ukraine is not sleeping, that Ukraine is full of potential to defend democratic principles." Solve the daily Crossword
Yahoo
43 minutes ago
- Yahoo
Trump Ups Duties on India to 50%, Citing Russian Oil Purchases
Citing its continued purchasing of Russian oil exports, President Donald Trump has made good on his threat to levy additional duties on India, bringing the country's overall tariff rate to 50 percent. The White House on Wednesday released an executive order that pointed to the 'unusual and extraordinary threat' that Russia poses to the United States as a result of the ongoing conflict in Ukraine. 'I determine that it is necessary and appropriate to impose an additional ad valorem duty on imports of articles of India, which is directly or indirectly importing Russian Federation oil,' Trump wrote. More from Sourcing Journal Trump Threatens EU With 35% Tariffs if Trade Bloc Forgoes $600B US Investment 76% of UK Retailers Probing New Export Markets Due to Tariff Turbulence EU Delays Duties on US, While India and China Negotiations are Snarled by Russia Conflict The new ad valorem rate of 25 percent will be stacked upon existing duties, including the 25 percent to be levied upon the country's exports on Thursday under Trump's worldwide 'reciprocal' tariffs. The tariffs announced Wednesday will go into effect in 21 days. Goods that have already been loaded onto vessels bound for the U.S. before that date that arrive before Sept. 17 will not be subject to the new duties. Trump cited Biden-era directive from 2022 as justification for the action. Executive Order 14066 declared a state of emergency and imposed trade and financial sanctions on Russia for its aggression against Ukraine and the inherent threat posed to U.S. interests. Trump extended the executive order for one year in April. About 18 percent of India's exports are bound for the U.S., representing 2 percent of the country's gross domestic product (GDP). Global investment bank UBS estimated that $8 billion worth of exports will be impacted greatly by the duty hike, including apparel, textiles, chemicals and jewelry. U.S. trade with India has been on an upswing in recent years, with data from the Office of the U.S. Trade Representative (USTR) showing bilateral trade amounted to $212.3 billion in 2024, up 8.3 percent ($16.3 billion) from the year prior. Total goods trade amounted to $128.9 billion in 2024, with India's exports to the U.S. accounting for $87.3 billion (up 4.5 percent from 2023). America's goods trade deficit with India increased by 5.9 percent last year, reaching $45.8 billion. There are certain sectors that will likely be saved from the burn of new tariffs, including pharmaceuticals, semiconductors and derived electronic products, like those manufactured by Apple in large volumes at its India-based production campuses. The country faces 50-percent duties on steel and aluminum through a separate, global executive order impacting all export markets. India's Ministry of Foreign Affairs wasted no time in responding to the president's announcement, with an official spokesperson writing, 'The United States has in recent days targeted India's oil imports from Russia. We have already made clear our position on these issues, including the fact that our imports are based on market factors and done with the overall objective of ensuring the energy security of 1.4 billion people of India.' 'It is therefore extremely unfortunate that the U.S. should choose to impose additional tariffs on India for actions that several other countries are also taking in their own national interest,' the statement said. 'We reiterate that these actions are unfair, unjustified and unreasonable. India will take all actions necessary to protect its national interests.' As tensions with the U.S. heat up again, Indian Prime Minister Narendra Modi is reportedly planning an Aug. 31 sojourn to meet with Chinese President Xi Jinping for the first visit in seven years. Modi will attend a summit hosted by the Shanghai Cooperation Organisation summit, a 24-year-old international and economic security organization founded by Russia and China, along with Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan. India and Pakistan joined as full-time members in 2017. India and China's relationship appears to be growing cozier despite a longstanding territory dispute over their shared border in the Ladakh region near the Himalayas. A major confrontation took place in June 2020, and a clash occurred again in December 2022. The two nations have taken steps toward compromise in recent years as their economies become ever more intertwined. China is India's second largest trading partner, accounting for $127.7 billion in bilateral trade last year. Both are founding members of the BRICS Alliance, which includes Russia and Brazil—two countries that have recently been at the center of the Trump administration's crosshairs. Just hours after targeting India for its trade relationship with Russia, the president announced that his special envoy, Steve Witkoff, 'just had a highly productive meeting with Russian President Vladimir Putin.' 'Great progress was made! Afterwards, I updated some of our European Allies. Everyone agrees this War must come to a close, and we will work towards that in the days and weeks to come,' Trump Truthed. Sign in to access your portfolio
