Japan Approves $135 Billion Stimulus Shot to Help Households, Economy

President Donald Trump is advocating for a peace plan in Ukraine, drawing parallels to strategies used in Gaza, aiming to resolve the ongoing conflict between Ukraine and Russia. The plan reportedly includes significant territorial concessions from Ukraine, which has raised concerns among Ukrainian officials regarding national sovereignty.

Donald Trump's peace plan for Ukraine outlines key points regarding the ongoing conflict, including potential territorial concessions from Ukraine to Russia. The plan aims to facilitate peace negotiations and includes security guarantees. Responses from Ukraine and its European allies are anticipated as they assess the implications of the proposal.

Moody's Ratings has upgraded Italy's credit rating by one level to Baa2, reflecting an expectation of declining debt. The agency has also revised its outlook for Italy from positive to stable.

Tensions between China and Japan have escalated following remarks by Japanese Prime Minister Sanae Takaichi, suggesting a military response if China attacks Taiwan. In retaliation, China has canceled flights to Japan, suspended concerts, and banned imports of Japanese seafood, reflecting the deteriorating diplomatic relations between the two nations.

Japan is moving closer to restarting the world's largest nuclear power plant, operated by the Tokyo Electric Power Company (Tepco). If approved, this will mark the first time Tepco has resumed operations of a nuclear reactor since the Fukushima disaster.

California is facing evacuation warnings due to the risk of flooding and landslides from heavy rainfall linked to an 'atmospheric river' phenomenon. This weather pattern, which brings moisture from the Pacific Ocean, is crucial for replenishing water supplies but can also lead to destructive storms. Meanwhile, Colorado has experienced record warm temperatures and a lack of snowfall, highlighting contrasting weather patterns across the US.

European Central Bank President Christine Lagarde stated that Europe needs to shift away from a growth model reliant on exports. This change is essential for fostering sustainable economic growth within the continent.

Total borrowing by the U.K. government for the first seven months of the fiscal year has reached £116.8 billion, exceeding projections made in March by £9.9 billion. This increase in borrowing comes as the government prepares for an upcoming budget announcement.