Reuters World News Ukraine minerals deal, consumer confidence, tax cuts and South Korea birthrate
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Feb 27, 2025 A pivotal minerals deal between the U.S. and Ukraine promises to bolster critical resource development amidst ongoing geopolitical strife. Meanwhile, U.S. stocks fell as consumer confidence drops and political battles heat up over tax cuts in Congress. The complexities of inflation fears loom large, echoing past economic troubles. In a surprising turnaround, South Korea has seen its birthrate rise for the first time in almost a decade, showcasing demographic shifts that may have long-term implications.
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Ukraine-US Minerals Deal
- The US and Ukraine have agreed on a draft minerals deal, but it lacks US security guarantees.
- This deal aims to jointly develop Ukraine's reserves of rare earths and critical minerals, oil, and gas.
Trump's Tax Cut Agenda
- The US House of Representatives advanced Trump's tax cut and border agenda.
- Republican leaders negotiated with holdouts to back the move, seeking $2 trillion in spending cuts.
Declining Consumer Confidence
- Consumer confidence in the US has dropped to an eight-month low, impacting US markets.
- Uncertainty surrounding Trump's tariff and trade policies is a major contributing factor to this decline.