President Joe Biden has given Ukraine the go-ahead to conduct limited strikes into Russian territory using long-range missiles provided by the United States. This development comes as major world economies convene in Brazil for the G20 summit, which is being significantly influenced by the recent election of Donald Trump.
As news unfolds, the US dollar is witnessing a surge, with market analysts anticipating that the upcoming administration’s economic policies might trigger a rise in inflation. Additionally, Trump’s proposed tariffs have caused European stock markets to dip, reflecting concerns over potential economic ramifications.
In other news, the offshore oil industry is making a comeback, raising questions about the implications of this resurgence.