Russia's Kremlin says US President Trump and Russian President Putin spoke on the phone; conversation was open and constructive and lasted one hour.
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BoE Governor Bailey says the labour market is softening and the hiring rate has declined
BoE Governor Bailey says "I do not think we are not on the verge of a recession", adds that latest data is looking a bit stronger
Russia's Kremlin says US President Trump and Russian President Putin spoke on the phone; conversation was open and constructive and lasted one hour.
BoE's Ramsden says the increased frequency of supply shocks may lead to a ratcheting-up of prices
US announces sanctions on various Iranian airlines
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- Trump is focused on ending the war in Ukraine and discussed the outcome of the US envoy’s visits to Moscow and Kyiv with Putin.
- Ending the war would immediately create significant potential to restore US-Russia relations.
- Trump and Putin both rated the US envoy’s visit positively, with Trump seeking restored US-Russia ties during his presidency.
- Putin supports the idea of restoring US-Russia ties and that Russia has no hostile plans toward Europe.
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