‘Different place': Trump takes ‘tougher view' of Russia amid peace talks
Russia and Ukraine have until Friday to reach a ceasefire agreement before the US takes economic action.
The deadline was set several days ago when US President Donald Trump sent nuclear submarines to the region after threatening comments from Russia's former president.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Perth Now
27 minutes ago
- Perth Now
Trump takes an unexpected tour of White House roof
US President Donald Trump's day began typically enough, with a television interview and a call with Ukraine's leader, but then it took an unusual turn when he appeared on the roof of the White House's West Wing. Late Tuesday morning, Trump stepped onto the roof above the press briefing room and west colonnade that walls the Rose Garden. He spent nearly 20 minutes surveying the rooftop and the grounds below, including a newly paved makeover of the Rose Garden. Reporters, tipped off by the out-of-the-ordinary positioning of snipers above the Oval Office, shouted questions from below. One called out: "Sir, why are you on the roof?" "Taking a little walk," Trump shouted back. "It's good for your health." Trump walked with a small group that included James McCrery, architect of the newly announced $US200 million ($A309 million) ballroom project. They moved slowly, with Trump frequently gesturing and pointing at the roof and grounds. Several times, he wandered toward the corner nearest the press corps, waving and cupping his hands to shout responses to shouted questions. At one point, he said he was looking at "another way to spend my money for this country." Later, near the end of his appearance on the roof, Trump was asked what he was going to build. He quipped: "nuclear missiles". The unexpected walk on the rooftop comes as Trump looks to leave a lasting footprint on what's often referred to as the People's House. He has substantially redecorated the Oval Office through the addition of golden flourishes and cherubs, presidential portraits and other items and installed massive flagpoles on the north and south lawns to fly the American flag. And last week, his administration announced that construction on a massive ballroom will begin in September and be ready before Trump's term ends in early 2029. While Trump appeared on the West Wing, the White House has said the ballroom will be where the "small, heavily changed, and reconstructed East Wing currently sits". While rare, there have been times through the years when presidents ventured out onto — and even slept on — the White House roof. To promote renewable energy, President Jimmy Carter installed 32 solar panels on the West Wing roof in the 1970s. The panels were removed during the Reagan administration. In 1910, President William Howard Taft had a sleeping porch built on the roof to escape Washington's hot summer nights.
AU Financial Review
an hour ago
- AU Financial Review
Trump accuses JPMorgan, Bank of America of discrimination
Washington | US President Donald Trump accused JPMorgan Chase and Bank of America of discriminating against him and his supporters ahead of a possible crackdown on banks refusing some customers on political grounds. Trump, in an interview on CNBC on Tuesday (Wednesday AEST), said the country's largest bank, JPMorgan, refused to accept more than $US1 billion ($1.5 billion) in deposits from his family business after his first term.
AU Financial Review
an hour ago
- AU Financial Review
ASX set to rise, US stocks edge broadly lower
Australian shares are poised to edge higher. Shares were modestly lower in New York after data on the US services sector disappointed and oil fell after a report Russia is set to propose an air truce with Ukraine. Results expected on Wednesday include AMP, News Corp, REA Group and Pinnacle Investment Management Group. The Institute for Supply Management's index of services declined last month to 50.1, below all estimates in a Bloomberg survey of economists. The employment index contracted. The group's measure of prices paid for materials and services climbed to the highest since October 2022. 'Spending on services has already slowed significantly from its solid pace last year, and the clear deterioration in the labour market and drag on real incomes from tariffs suggest a marked recovery is unlikely,' Pantheon Macroeconomics said. 'Even so, we think stagnation in the coming months is far more likely than a collapse.' President Donald Trump said that Treasury secretary Scott Bessent had withdrawn his name from consideration as a successor to Jerome Powell as chairman of the Federal Reserve. Market highlights ASX futures are pointing up 16 points or 0.2 per cent to 8744. All US prices as near 2.30pm New York time. Today's agenda Results are expected on Wednesday from AMP, News Corp, REA Group, Pinnacle Investment Management Group, BWP Trust, Centuria Industrial Reit, Charter Hall Long WALE REIT and Emerald Resources NL. The data focus is overseas on Wednesday with NZ's second-quarter employment at 8.45am AEST. TD Securities: 'Monthly filled job data imply a negative employment growth print over the quarter at -0.1 per cent. We expect the participation rate to ease again to 70.7 per cent (prior: 70.8) which on net would push the unemployment modestly higher to 5.2 per cent and in line with the RBNZ's May forecast. 'We see the RBNZ cutting by 25bps in August to 3 per cent with most data outcomes coming in line with forecasts but surveys point to near term downside risks to growth.' Top stories Blow to Chalmers' hopes for summit unity as BHP clashes with PC over tax | The nation's biggest corporate taxpayer has pushed back against the Productivity Commission's cash-flow tax proposal, undermining the treasurer's push for unity at his roundtable. Nine's publishing to out-earn free-to-air television in two years | The newspapers division will be the most valuable part of the business after it sells Domain to US property giant CoStar, analysts say. | Automating tasks could deliver a 4.3 per cent increase in labour productivity growth, the Productivity Commission says, but it won't be easy for humans. | The rising cost of building transmission is prompting questions over whether a comprehensive grid build-out is the best energy transition option for consumers.
