EU Proposes Multibillion-Euro Plan to Boost Military Mobility, Defense Tech Amid Russia Tensions

The Trump administration has proposed a new 28-point plan aimed at ending the ongoing war in Ukraine. This proposal, drafted by close aides to the president, is expected to encounter significant resistance from Ukraine, as it may require concessions that align closely with Russian demands.

The Netherlands has suspended an order that granted it control over the Chinese-owned chipmaker Nexperia. This decision is seen as a step towards resolving a dispute that had disrupted essential chip supplies to the auto industry.

US military officials are currently in Ukraine to engage in discussions aimed at ending the ongoing conflict with Russia. This visit coincides with reports that the US and Russia have developed a 28-point peace plan, which allegedly includes significant concessions from Ukraine.

A Russian missile strike on the city of Ternopil, Ukraine, resulted in the deaths of 26 individuals, including children, as reported by Ukraine's air force. The attack destroyed two apartment blocks, marking one of the deadliest assaults in the ongoing conflict.

Reports indicate that a new 28-point peace plan drafted by the US for Ukraine closely aligns with Russian demands, suggesting that Kyiv may need to cede territory and limit its military capabilities. This development raises concerns about the implications for Ukraine's sovereignty and the ongoing conflict with Russia.

Treasury yields increased as Federal Reserve officials signaled a likelihood of pausing interest rate cuts on December 10. This development reflects growing uncertainty in the economic landscape.

At least 25 people were killed and dozens wounded in overnight Russian missile and drone attacks across western Ukraine. The strikes particularly affected the city of Ternopil, where residential buildings were targeted, resulting in significant casualties. This escalation in violence has raised concerns about the ongoing conflict in the region.

US and Russian officials have drafted a plan to end the Ukraine war, requiring Kyiv to surrender territory and limit its military size. The proposal, developed by Donald Trump's envoy Steve Witkoff and Kremlin adviser Kirill Dmitriev, is seen as a capitulation by Ukraine. This comes amid escalating violence, with recent Russian strikes in Ternopil resulting in at least 25 fatalities.