Reuters World News Rubio and Russia's Ukraine talks, Argentina's cuts and low-cost loophole challenge
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Feb 17, 2025 U.S. Secretary of State Marco Rubio is in Saudi Arabia for crucial talks with Russia about the ongoing Ukraine conflict. Meanwhile, Argentina's President Javier Milei is implementing drastic cuts that may affect the economy and social stability. The chaos at JFK due to new trade rules has sparked discussions about the complexities of tariffication and import policies. Europe's leaders are gathering to reassess the geopolitical landscape as high-level negotiations unfold, showcasing the intricate web of global economic and political challenges.
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Rubio and Russia's Ukraine Talks
- US Secretary of State Marco Rubio is in Saudi Arabia for talks with Russian officials to end the war in Ukraine.
- European leaders are worried a peace deal between Trump and Putin could undermine Ukraine and European security.
Argentina's President and Crypto Crash
- Argentina's President Javier Milei promoted a cryptocurrency that crashed after a surge.
- This incident raises concerns about potential market manipulation.
Argentina's Cuts
- Argentina cut government spending by 5% of GDP and state jobs by 10%.
- These cuts, inspired by Elon Musk, reduced inflation, but also increased poverty, which is now declining.