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The World in Brief from The Economist

Republican budget bill blocked; Downgraded peace talks in Turkey, and more

The World in Brief from The Economist

The Economist

Global News, Daily News, News, News & Politics

4.11.2K Ratings

🗓️ 17 May 2025

⏱️ 6 minutes

🧾️ Download transcript

Summary

Mr Trump said that America would announce new tariffs in the next “two to three weeks”

Transcript

Click on a timestamp to play from that location

0:00.0

The Economist

0:04.2

Hello, you're listening to the free edition of the world in brief from The Economist.

0:11.2

As a reminder, if you subscribe to The Economist, you'll get access to a deeper look at the day ahead, updated three times a day.

0:20.0

If you're already an Economist subscriber, visit

0:22.9

economist.com slash espresso or visit our Espresso app to start listening. Here's today's

0:29.4

free edition.

0:34.4

This is the world in brief from The Economist.

0:42.7

Our top stories.

0:45.7

Delegations from Russia and Ukraine met for the first direct peace talks in three years in Turkey.

0:53.0

During the two-hour discussion, Russia, quote, voiced a number of things which we deemed unacceptable,

0:59.6

said a Ukrainian spokesman, but both countries agreed to exchange 1,000 prisoners of war.

1:06.1

Quote, the next step, urged Ukraine's defense minister, is a meeting between Volodymy Zelensky and Vladimir Putin.

1:14.8

A group of conservatives blocked a Republican budget bill from coming for a vote

1:20.4

before America's full House of Representatives, arguing it would increase the deficit.

1:26.8

The bill proposes paying for Donald Trump's spending

1:29.7

priorities and tax cuts by, among other things, imposing restrictions on Medicaid, health insurance

1:37.2

for the poor. More cuts favored by hardline conservatives could alienate moderates.

1:51.8

Mr. Trump said that America would announce new tariffs in the next, quote, two to three weeks.

1:59.6

He said trade partners should expect letters telling them what, quote, they'll be paying to do business in the United States.

2:02.8

Several levies have been scaled back since their announcement in April, but Mr. Trump said too many countries, 150 he claims, wanted to negotiate

2:10.4

reductions. Novo Nordisk changed its boss, Lars Fragard Jorgensen, amid a fall in profits.

2:20.4

The firm did not name his successor.

...

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