US-Ukraine Secure Strategic Minerals Deal
In a significant geopolitical move, the United States and Ukraine have signed a deal focusing on critical mineral supply chains. The agreement aims to help Ukraine monetize and stabilize its rare earth and mineral resources, crucial for clean energy and defense technologies. This move also strengthens Western access to strategic resources amid global supply chain disruptions, reducing reliance on China and Russia.
US Economy Shrinks in Q1 Amid Tariff-Driven Import Surge
The US economy unexpectedly contracted in the first quarter of FY25, raising concerns among economists and investors. According to official data, the dip was driven by a sharp increase in imports, which surged due to tariff policy changes intended to strengthen domestic production.
Despite a strong labor market and steady consumer spending, trade imbalances and slowed exports played a key role in pulling down the overall GDP growth. Analysts suggest the economic pullback may prompt policy reassessments at the Federal Reserve.
UK Local Elections May Mark Rise of Populist Reform Party
As voters head to the polls for England’s local elections, political analysts are predicting a significant boost for the right-wing Reform UK party. Led by populist figures, the party is expected to capitalize on disillusionment with traditional Conservative and Labour politics.
This potential shift could reshape the UK’s political landscape, especially ahead of the next general election. Early polls show the Reform party gaining support in key regions with working-class voters.
