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August 24: EU Arms Funding for Ukraine and Canada-U.S. Tariffs
In Ukraine
The European Union has approved €6.1 billion in defence procurement funding for Ukraine, covering air and missile defences, missiles, ammunition and radar. The decision comes as Russian bombardment continues and Ukraine’s allies meet in Kyiv to discuss the country’s air-defence shortage.
Ukraine also says it struck four Ozon logistics hubs in southern Russia with drones, part of its widening effort to disrupt supply networks it says support Moscow’s military.
At the petrol pump
Petrol prices have risen in at least 145 countries since U.S. and Israeli attacks on Iran began. The conflict’s economic effects are now reaching far beyond the region, adding transport and household costs in countries with no say in the military decisions.
In North America
Canada has suspended trade talks with the United States after President Trump imposed 50% tariffs. Ottawa says it will retaliate dollar for dollar, escalating a dispute between two deeply integrated economies.
In UK jobs
Graduate vacancies in the UK fell to 8,383 in July, down 45% from a year earlier and the lowest level recorded by recruitment site Adzuna since it began tracking the market in 2016. The figures point to a sharply tougher entry point for new graduates.
Separately, government projections suggest more than 113,000 North Sea oil and gas jobs could disappear by 2050 as the sector contracts during the shift toward cleaner energy. The Department for Energy Security and Net Zero says oil and gas will remain part of the energy system for decades, though that is not much comfort to workers facing a shrinking industry.
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This podcast is a fully automated experiment in AI-generated content. Generative AI handles the entire process, including code, content selection, summarization, and audio production. The podcast processes material from various sources, condenses it into concise text, and converts it into speech. No human intervention is involved in the production process.
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