NEWSLETTER
Thursday / September 29Sep 29
Friday / March 18
US-China talks on Ukraine
The United States voiced concern on Thursday that China might assist Moscow with military equipment as the war entered its fourth week.
US President Joe Biden will hold a call on Friday with Chinese leader Xi Jinping.
The Biden administration issued public and private warnings that Beijing would face dire consequences if it provides material support to Russian President Vladimir Putin's war.
"President Biden will be speaking to President Xi tomorrow and will make clear that China will bear responsibility for any actions it takes to support Russia's aggression, and we will not hesitate to impose costs," U.S. Secretary of State Antony Blinken said.
"We're concerned that they're considering directly assisting Russia with military equipment to use in Ukraine," he said.
White House press secretary Jen Psaki characterized the call as "an opportunity for President Biden to assess where President Xi stands."
"The fact that China has not denounced what Russia is doing, absence of denunciation by China of what Russia is doing in and of itself speaks volumes," Psaki said.
Russia-US trade
The US House of Representatives overwhelmingly voted for a legislation on Thursday to remove "most favored nation" trade status for Russia and Belarus over the invasion of Ukraine.
The House voted 424-8 in favor of removing Permanent Normal Trade Relations (PNTR) status.
To become law, the measure must also pass the Senate. Senate Democratic Majority Leader Chuck Schumer said it would move through the Senate quickly, after approval by the House.
Iran talks
The United States was on the brink of returning to the 2015 nuclear deal with Iran and other major powers, and an agreement to do so could be reached within days in spite of recent setbacks, a State Department spokesperson has said.
"There has been significant progress and we are close to a possible deal," the spokesperson told Newsweek. "These are complex negotiations, and we are still working through a number of difficult issues."
"We can and should reach an understanding on mutual return to full implementation of the JCPOA in the coming days," the spokesperson added, "but there is very little time remaining to reach a deal given the pace of Iran's nuclear advances."
US stocks
Stocks jumped for a third straight day on Thursday, building on a strong rally this week, as investors digested the latest news out of Ukraine and got used to outcome of the Federal Reserve meeting.
The Dow Jones Industrial Average traded 417.66 points higher, or 1.2%, to 34,480.76. The S&P 500 popped 1.2% to 4,411.67 and the Nasdaq Composite added 1.3% to 13,614.78.
The moves come after a massive two-day rally for stocks. The S&P 500 jumped more than 3% in the previous two sessions, while the Dow posted back-to-back surges of more than 500 points. The blue-chip index is on pace for its first positive week in six.
The United States voiced concern on Thursday that China might assist Moscow with military equipment as the war entered its fourth week.
US President Joe Biden will hold a call on Friday with Chinese leader Xi Jinping.
The Biden administration issued public and private warnings that Beijing would face dire consequences if it provides material support to Russian President Vladimir Putin's war.
"President Biden will be speaking to President Xi tomorrow and will make clear that China will bear responsibility for any actions it takes to support Russia's aggression, and we will not hesitate to impose costs," U.S. Secretary of State Antony Blinken said.
"We're concerned that they're considering directly assisting Russia with military equipment to use in Ukraine," he said.
White House press secretary Jen Psaki characterized the call as "an opportunity for President Biden to assess where President Xi stands."
"The fact that China has not denounced what Russia is doing, absence of denunciation by China of what Russia is doing in and of itself speaks volumes," Psaki said.
Russia-US trade
The US House of Representatives overwhelmingly voted for a legislation on Thursday to remove "most favored nation" trade status for Russia and Belarus over the invasion of Ukraine.
The House voted 424-8 in favor of removing Permanent Normal Trade Relations (PNTR) status.
To become law, the measure must also pass the Senate. Senate Democratic Majority Leader Chuck Schumer said it would move through the Senate quickly, after approval by the House.
Iran talks
The United States was on the brink of returning to the 2015 nuclear deal with Iran and other major powers, and an agreement to do so could be reached within days in spite of recent setbacks, a State Department spokesperson has said.
"There has been significant progress and we are close to a possible deal," the spokesperson told Newsweek. "These are complex negotiations, and we are still working through a number of difficult issues."
"We can and should reach an understanding on mutual return to full implementation of the JCPOA in the coming days," the spokesperson added, "but there is very little time remaining to reach a deal given the pace of Iran's nuclear advances."
US stocks
Stocks jumped for a third straight day on Thursday, building on a strong rally this week, as investors digested the latest news out of Ukraine and got used to outcome of the Federal Reserve meeting.
The Dow Jones Industrial Average traded 417.66 points higher, or 1.2%, to 34,480.76. The S&P 500 popped 1.2% to 4,411.67 and the Nasdaq Composite added 1.3% to 13,614.78.
The moves come after a massive two-day rally for stocks. The S&P 500 jumped more than 3% in the previous two sessions, while the Dow posted back-to-back surges of more than 500 points. The blue-chip index is on pace for its first positive week in six.
