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Added on the 11/03/2019 16:01:07 - Copyright : Wochit
European Commission vice-president Valdis Dombrovskis announces details of an 18-billion-euro ($18-billion) economic support package to get Ukraine through 2023, which it hopes will be approved by EU member states. SOUNDBITE
On Tuesday, global stocks jumped after Donald Trump authorized President-elect Joe Biden's presidential transition process to begin. On Monday, Trump took a significant step toward acknowledging the election result. However, Business Insider reports, he is still convinced he and his allies can continue to contest the outcome. Another key factor driving the boost is Biden's planned nomination for former Federal Reserve chair Janet Yellen as Treasury Secretary. AstraZeneca's vaccine is helping drive oil prices to their highest levels since March.
As far as media outlets and the vast majority of world leaders are concerned, President Donald Trump lost the election to President-elect Joe Biden. However, Business Insider reports the Trump administration is carrying on as if it's business as usual. In fact, it's planning to prepare its next budget proposal although it will be released next February and cover spending until 2022. They're pretending nothing happened. We're all supposed to pretend this is normal, and do all this work, while we know we're just going to have to throw it away. Trump administration official Speaking on condition of anonymity to The Washington Post President-elect Joe Biden will take President Donald Trump's place on January 20, 2021. Trump and those close to him continue to push false claims that Trump won the race. On Tuesday, Biden called Trump's refusal to concede an 'embarrassment.'
EU Council president Charles Michel proposes to set up a five billion euro reserve fund for any "unforeseen consequences" of Brexit on bloc member states. SOUNDBITE
US President Donald Trump proposes that Israeli development in an area that would become the Palestinian state under his Middle East peace plan be frozen for four years. "During this time, Palestinians can use all appropriate deliberation to study the deal, negotiate with Israel, achieve the criteria for statehood, and become a truly independent and wonderful state," Trump says at the White House in Washington. SOUNDBITE
US President Donald Trump says his Middle East peace plan offers "a realistic two-state solution that resolves the risk of Palestinian statehood to Israel's security." SOUNDBITE
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