FT News Briefing Trump tries for a Ukraine peace deal
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Aug 11, 2025 UK employers are cutting back on hiring due to labor and tax concerns. A looming meeting between Trump and Putin raises fears in Ukraine about potential land swaps. Meanwhile, European allies voice their worries over the stability of Ukraine’s borders. In the tech world, India's IT sector faces challenges posed by AI automation, prompting companies to invest in re-skilling and innovation. India's aspirations in the AI race highlight its potential but also reveal significant R&D investment gaps.
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UK Hiring Slows Sharply
- A KPMG/REC survey shows recruitment in July near a two-year low.
- Only a quarter of employers expect staff increases and 16% plan cuts.
Trump Sets Deadlines And Sends Envoy
- Trump set a 10-day deadline for Putin to agree to a ceasefire.
- He sent envoy Steve Whitkoff to Moscow and secured a meeting in Alaska.
Land Swaps Would Cede Ukrainian Territory
- Trump floated land swaps that could cede parts of eastern Ukraine to Russia.
- Amy McKinnon notes this is confusing because Ukraine does not hold Russian territory.