Ukraine’s government expects Russia’s new offensive to start this month, defense minister Oleksii Reznikov said at a press briefing in Kyiv. The one-year mark of Moscow’s invasion of its neighbor will be Feb. 24. Separately, Reznikov addressed reports he may soon be replaced.
A White House economic adviser said negotiations over raising the US debt ceiling are an “absolute nonstarter” for President Joe Biden, though he’s ready to discuss spending with congressional Republicans.
Former Treasury Secretary Lawrence Summers said a “soft landing” for the US economy is looking more likely, though inflation gauges remain too high.
Hong Kong Chief Executive John Lee is seeking to convince oil giant Saudi Aramco and its units to consider a secondary listing in the Asian financial hub as he embarks on his first official visit to the Middle East, according to the South China Morning Post.
Ignoring the Federal Reserve’s determination to keep raising rates and hold them there is a wildly profitable trade on Wall Street right now. It’s trying to swim against the rising market that carries risks.
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