FT News Briefing Biden’s departing gift to Ukraine
33 snips
Dec 31, 2024 U.S. stocks are slipping as investors take profits, while the Biden administration is set to provide nearly $6 billion in aid to Ukraine. South Korea's safety measures are tightening following a recent Boeing crash. Meanwhile, American asset managers are increasingly outpacing their European rivals, and the nightclub scene is facing a downturn due to shifting cultural habits. These trends highlight the intricate dance between economic support, market dynamics, and evolving social landscapes.
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Ukraine Aid Rush
- The Biden administration is rushing to send aid to Ukraine before Trump takes office.
- Trump's approach to Ukraine funding is uncertain.
Trump's Potential Ukraine Strategy
- Trump may continue military aid to Ukraine but wants increased defense spending from NATO allies.
- Aid could be leveraged to pressure Europe.
Boeing Setback
- A South Korean Boeing 737-800 crashed due to landing gear failure, prompting emergency inspections.
- This follows other Boeing incidents, including a 737 MAX mid-flight door plug failure.