US Senator Sanders favors Trump plan to take stake in Intel
"If microchip companies make a profit from the generous grants they receive from the federal government, the taxpayers of America have a right to a reasonable return on that investment," Sanders, an Independent who caucuses with Democrats, said in a statement to Reuters.
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Straits Times
12 minutes ago
- Straits Times
Military options for Ukraine discussed by US, European national security advisers
Sign up now: Get ST's newsletters delivered to your inbox A source said European countries would provide 'the lion's share' of any forces involved in security guarantees for Ukraine. WASHINGTON - Military chiefs from the United States and a number of European countries on Aug 21 presented options to their national security advisers for providing security guarantees to Ukraine, officials said. This followed US President Donald Trump's pledge to help protect the country under any deal to end Russia's 3-1/2-year-old war in Ukraine . A Pentagon statement said US and European planners had developed the military options for 'appropriate consideration' by allied national security advisers. Reuters was first to report that the military leaders were preparing the options. The chiefs of defence for the United States, Finland, France, Germany, Italy, United Kingdom and Ukraine met in Washington DC between Aug 19 and Aug 21. A source familiar with the matter said US Secretary of State Marco Rubio, who also serves as Mr Trump's national security adviser, held a conference call on Aug 21 with his European counterparts to discuss the options. Final details must still be worked out, the source said, but European countries would provide 'the lion's share' of any forces involved in security guarantees for Ukraine. That echoed Vice-President J.D. Vance's comment on Aug 20 that Europe would need to shoulder 'the lion's share' of the costs of the operation. 'The planning work continues,' said the source, adding that Washington still was 'determining the scope of its role.' Mr Trump has said he will not deploy US troops in Ukraine but has left the door open to other US military involvement, including air support. Troop deployments One option was sending European forces to Ukraine but putting the United States in charge of their command and control, sources have told Reuters. US air support could come in a variety of ways, including providing more air defence systems to Ukraine and enforcing a no-fly zone with US fighter jets. French President Emmanuel Macron and British Prime Minister Keir Starmer have both supported troop deployments as part of a coalition of the willing, with German Chancellor Friedrich Merz also signalling openness to his country's participation. The head of Germany's soldiers' union said on Aug 21 that European Nato leaders must face the reality that tens of thousands of troops would need to be deployed in an Ukraine peace force for the long term. Mr Trump has pressed for a quick end to Europe's deadliest war in 80 years, and Kyiv and its allies have worried he could seek to force an agreement on Russia's terms. REUTERS
Straits Times
12 minutes ago
- Straits Times
While You Were Sleeping: 5 stories you might have missed, Aug 22, 2025
Sign up now: Get ST's newsletters delivered to your inbox Firefighters working at the site of a Russian missile strike in a village on the outskirts of Lviv, Ukraine, on Aug 21. Two weeks to assess peace prospects: Trump Donald Trump on Aug 21 set a two-week timeframe for assessing peace talks between Russia and Ukraine, as the US president ramps up his efforts to negotiate an end to the war. 'I would say within two weeks we're going to know one way or the other,' he said in a telephone interview when asked about the chances of a peace agreement. 'After that, we'll have to maybe take a different tack,' Mr Trump told Mr Todd Starnes, a host for right-wing media outlet Newsmax, without giving further details. The Republican, who had promised during 2024's presidential election to end the war in one day, has so far failed to achieve any major breakthroughs – more than three years since Russia's invasion of Ukraine in February 2022. READ MORE HERE First security guarantees, then Putin summit: Zelensky PHOTO: REUTERS Ukrainian President Volodymyr Zelensky said he could meet with Russian counterpart Vladimir Putin, but only after his allies agree security guarantees for Ukraine to deter future Russian attacks once the fighting stops. In comments released on Aug 21, he also warned that both sides were preparing for further fighting. Top stories Swipe. Select. Stay informed. Singapore New ACS special education school to take in 100 pupils with autism in January 2026 Singapore Courier tip-off leads to HSA seizure of Kpods, drugs in Tampines and Grange Road raids Business Changi Travel Services cuts 30 staff amid market shifts Singapore Singapore students shine in Paris with record medal haul at history Olympiad World Trump gives two weeks to assess Russia-Ukraine peace prospects Singapore Eavesdropping on monkeys in Singapore to watch out for emerging diseases Opinion A Trumpian game of ping pong over Ukraine's future Opinion Why that hand-wringing over The Projector isn't pointless Russia was building up troops on the southern front line and Ukraine was test-launching a new long-range cruise missile, he said. READ MORE HERE Israel PM orders talks to free 'all our hostages' Israeli Prime Minister Benjamin Netanyahu said on Aug 21 that he had ordered immediate negotiations aimed at freeing all the remaining hostages in Gaza, as Israeli troops hammered the territory's largest city ahead of a major planned offensive. The call for renewed talks came a day after the defence ministry approved a plan authorising the call-up of roughly 60,000 reservists to help capture Gaza City, home to Hamas' final stronghold. 'I have come to approve the IDF's (military's) plans to take control of Gaza City and defeat Hamas,' the prime minister said, in a video statement filmed during a visit to the Gaza division's headquarters in Israel. READ MORE HERE US says all 55 million visas fair game for review PHOTO: REUTERS All 55 million foreigners who hold visas for the United States are subject to continuous review, the State Department warned on Aug 21 as President Donald Trump ramps up his crackdown on visas and immigration. 'The Department's continuous vetting includes all of the more than 55 million foreigners who currently hold valid US visas,' a State Department official said. The official did not say that all 55 million visas were under active review, but made clear that the Trump administration considered all of them fair game. READ MORE HERE Alcaraz, Djokovic on US Open collision course PHOTOS: AFP Carlos Alcaraz was put on a US Open collision course with Novak Djokovic on Aug 21 as the draws for the men's and women's singles tournaments were revealed. Spanish star Alcaraz faces a potentially awkward route to the final where a possible showdown with world number one Jannik Sinner could be waiting at Flushing Meadows. Alcaraz, who could supplant Sinner as world number one depending on results in New York over the next fortnight, will have to hit the ground running starting from Aug 24.
Business Times
42 minutes ago
- Business Times
Oil rises 1% on stalled Russia-Ukraine peace talks, strong US demand
[NEW YORK] Oil prices rose by nearly a dollar a barrel on Thursday as Russia and Ukraine blamed each other for a stalled peace process, and as earlier US data showed signs of strong demand in the top oil consuming nation. Brent crude futures rose 83 cents, or 1.2 per cent, to settle at US$67.67 a barrel, a two-week high. US West Texas Intermediate crude futures gained 81 cents, or 1.3 per cent, to close at US$63.52 a barrel. Both contracts climbed more than 1 per cent in the prior session. The path to peace in Ukraine remained uncertain, turning oil traders cautious after a selloff over the past two weeks on hopes that US President Donald Trump would soon negotiate a diplomatic end to Russia's war with its neighbor. Both Moscow and Kyiv have since blamed each other for stalling the peace process. Russia on Thursday launched a major air attack near Ukraine's border with the European Union, while Ukraine claimed to have hit a Russian oil refinery. 'Some geopolitical risk premium is slowly being pumped back into the market,' oil trading advisory firm Ritterbusch and Associates told clients on Thursday. The uncertainty in the peace talks means that the possibility of tighter sanctions on Russia has resurfaced, said Tamas Varga, an analyst at PVM Oil Associates. Oil prices were also supported by a larger-than-expected drawdown from US crude stockpiles in the last week, indicating strong demand. US crude stockpiles fell 6 million barrels in the week ended Aug 15, the US Energy Information Administration reported on Wednesday, while analysts had expected a draw of 1.8 million barrels. 'These tight domestic stockpiles stand in contrast to the oversupply outlook projected by both the IEA and EIA for 2026, challenging traders' broader market expectations,' StoneX analyst Alex Hodes told clients. Investors were also looking to the Jackson Hole economic conference in Wyoming for signals on a possible Fed interest rate cut next month. The annual gathering of central bankers begins on Thursday, with Fed Chair Jerome Powell scheduled to speak on Friday. REUTERS
