From Reuters Daily Briefing |
By Robert MacMillan, Reuters.com Weekend Editor |
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REUTERS/Louisa Gouliamaki | |
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- Defense: It is Ukraine's first major wartime tax increase and is expected to shore up the nation's finances as it fights Russia. Kyiv needs $12 billion by the end of 2024 to spend on defense. The tax rise will bring about $563 million. Ukraine still faces a budget deficit of $38 billion next year.
- One debt to bind them: Ukrainians are buying bonds to help fund the war with Russia. Lawyer Olesia Mykhailenko, an early investor in Ukraine's domestic debt and a proponent of the bonds, says it's not only good for the war effort, but a way to protect their cash from inflation.
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| - Romania's top court barred a far-right politician from running for president because of her pro-Russian, anti-EU and anti-NATO opinions, causing turmoil in government and raising concerns across the political spectrum of court overreach. Oh yes, she's also expressed anti-Semitic views.
- Cameroon outlawed any discussion about the health of 91-year-old President Paul Biya after his prolonged absence fueled speculation he was unwell.
- Donald Trump is offering an unusual number of tax-cut proposals and Kamala Harris is targeting junk fees. She also will release her medical report, something Trump has refused to do. We're less than a month from Nov. 5. How might markets react to a contested election?
- Javier Milei's triple-digit inflation is slowing, but it's not happening quickly enough for workers. The Argentinian president's austerity drive included vetoing a law that would have boosted university funding, a move that met with public outrage.
- The granddaughters of Bela and Hilda Parlagi, a Jewish couple forced to flee Vienna after the German Anschluss of 1938, received a Claude Monet painting from the FBI and a British nonprofit that the Nazis confiscated and that their family searched for over decades.
- The BBC Weather app showed wind speeds nearly as high as 19,000 miles per hour in Britain earlier this week. Having spent the week in London, I can assure you that it was barely a hair over 18,000.
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