In this last month, we have had significant events take place around the world, from the U.S. backing Ukraine with a ceasefire to Russia to job layoffs worldwide, creating an impact on our economy.
Here are the major Headlines of the world from our last month:
Europe pushes for Ceasefire, going around the U.S.
Leaders of Europe, which are mainly led by the UK and France, try to push for a ceasefire between Russia and Ukraine, wanting to control the negotiations and tensions between Trump and Zelensky. Europe knows that the U.S. is still crucial for peace in this deal.
UK prime minister Keir Starmer and French President Emmanuel Macron were the leaders of this meeting and negotiation at the summit in London. These two political leaders proposed the month-long cease-fire between Ukraine and Russia. The EU has grown angry, leading to frustration due to Washington’s unpredictability with their talks with Russia.
U.S. backs cease-fire with Ukraine
This ceasefire made Putin carefully deliberate the terms of the ceasefire for one month after the shift change with President Donald Trump. He is trying to balance the gains of land with the political interests of the takeover.
The Kremlin reviews the ceasefire after rejecting a different truce due to the policy change under new admin Donald J Trump. The gains of Moscow taking control of Ukraine’s Kursk region are raising the position of Putin’s war, and the other Russian leaders are opposing the truce. These conditions may demand Moscow to halt their arms to Kyiv.
Federal Layoffs will hurt the job market, causing concern for the Economy
Mass federal job cuts under the administration of Donald Trump are driving a recession for layoffs, which is affecting the labour and fuel economy, rising with uncertainty and unemployment. This has strained the labour market and government and private sector workers.
Jobs being decreased in the federal government pushes workers to seek opportunities elsewhere, which hurts the economy. This, plus cuts in federal funding, is causing uproar among industries that rely on the government. We are being warned by economists that this will end up leading to effects down the road, such as lower consumer spending, slow economic growth or fast decrease, and instability in the labour market.
Albania banned TikTok over youth violence
Albania started the ban on TikTok because of concerns of growing youth violence. This ban was sparked because of a fatal stabbing which was linked to social media. Opposition groups are fighting against the ban, arguing that it restricts freedom and could be related to censorship by the government in the future.
This ban blocks access to TikTok web browsers; soon, the app will be blocked as well, which follows global restrictions of TikTok security and content concerns within the app. The government thinks that this ban is necessary to protect the younger generation. People worry that this sets a point for digital freedoms to be taken away and fear that other social media platforms will be taken down, too, in the future.
Canada Faces Economic Struggle Due to U.S. Tariffs
Canada braces for economic despair as President Trump’s tariff proposal threatens the industries, which prompts concerns about factories closing and a recession in the future. Automotive and forestry industries are very close to collapsing, which has led to anger and anxiety from Canadians. Many supply chains have been affected, and Canada is projecting a heavy recession because of the tariffs.
Tariffs will not only affect thousands of jobs in Canada but will also have an economic ripple effect in North America, including the U.S. Automatkers are warning that the parts shortage can force the assembly lines to shut down, paired with the forestry and aluminum industries are covering for economic disruption. Canada is scrambling to find a solution to this problem.