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The US government is hours away from a shutdown as Republican lawmakers fail to reach a deal on a funding agreement

US Government Hours From Shutdown, Funding Chaos

The US government on Saturday was hours from shutting down after the far right of the Republican Party scuppered final attempts at a temporary budget agreement, throwing into doubt everything from access to national parks to Washington's massive support for Ukraine.

Musk Slams German-funded Migrants Rescue Med Operations
Billionaire Elon Musk on Saturday waded into German politics at a time of a heated debate on immigration across Europe, saying Berlin-funded migrant rescue operations in the Mediterranean could be seen as an "invasion" of Italy.
Nagorno-Karabakh Empties As Armenia Says 100,000 Have Fled
The flood of refugees from Nagorno-Karabakh dwindled to a trickle Saturday as Armenia said nearly the entire population of the breakaway territory had already fled since Azerbaijan seized back control.
European Countries Smash September Temperature Records
Austria, France, Germany, Poland and Switzerland announced their hottest Septembers on record on Friday, in a year expected to be the warmest in human history as climate change accelerates.
Yellen Calls On Lawmakers To Avoid 'Dangerous And Unnecessary' Shutdown
The U.S. Treasury secretary said the shutdown threatens economic progress.
UAW Expands Strike To More Ford, GM Plants
Approximately 7,000 workers will join the walkout, which is now in its third week.
US Warns Of Large Serbian Military Build-up Near Kosovo
The United States called on Belgrade to pull its forces back from the border with Kosovo on Friday after detecting what it called an unprecedented Serbian military build-up.
Biden Announces More Offshore Drilling, Angering Environmentalists
President Joe Biden's administration on Friday announced it would auction three new oil and gas leases in the Gulf of Mexico, triggering a furious reaction from environmental groups who said the move would accelerate climate change.

Fed's Preferred Inflation Measure Slows In August

The core PCE had the smallest gain in two years on a monthly basis.

Economy in Focus

Eurozone Inflation Falls To Nearly Two-year Low
Eurozone inflation dropped to an almost two-year low in September, official data showed Friday, raising hopes that the European Central Bank will end its rate-hiking cycle.
IEA, ECB Urge Europe To Move Faster On Energy Transition
German Inflation At Lowest Since Start Of Ukraine War

War in Ukraine

Russia Unveils Huge Spending Hike To Battle 'Hybrid War'
Russia said Thursday that it plans to raise defence spending by almost 70 percent next year, funnelling massive resources into its Ukraine offensive to fight what it calls a "hybrid war" unleashed by the West.
Last Stop In Ukraine: Russian POWs' Long Wait To Get Home
Rising from their tables after the meal, the Russian prisoners of war shouted in Ukrainian "Thank you for lunch!"
Days From Shutdown, US Budget Talks Threaten Ukraine Aid
The U.S. Congress was running out of time Tuesday to avoid a partial government shutdown forced by hard-right Republicans, throwing into doubt White House plans to provide another $24 billion in war aid for Ukraine.
Polish Farmers Warn Of EU Threat From Ukraine Grain
At his family farm, Wieslaw Gryn voiced support for Poland's ban on Ukrainian grain imports, but said it had not reversed a price drop that threatens his livelihood and those of other European farmers.

CRYPTO BLOCK

PayPal Eyes Layer-2 Network And NFT After Launching PYUSD Stablecoin

Four patent applications filed this month underlined PayPal's interest in layer-2 and non-fungible tokens.

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Dashcam Video Captures Missile Falling Near Kyiv Car

Dashboard camera captured the moment when part of a missile fell next to a car driving down a Kyiv road as Russia launched its16th attack on Ukraine's capital on Monday (May 29).

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