FirstFT: Russia warns West against Ukraine


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Russia has warned the United States and NATO to make concessions or face a worsening security situation in Europe as talks began between Washington and Moscow to prevent a Russian invasion of Ukraine.

The high-stakes negotiations were prompted by Russia’s deployment of around 100,000 troops near its border with Ukraine and its warnings of military action if the West ignores demands for new guarantees that would reshape the country. security architecture of Europe.

Sergei Ryabkov, Russia’s deputy foreign minister and chief negotiator, said his country would not give in to his demand that NATO never make Ukraine a member, a promise that the United States and the military alliance had already ruled out.

“Now the other side has to be flexible. If they are not able to do so, they will face a worsening of their own security situation, ”he told Russian state news agency Ria.

NATO has warned Moscow to abandon its bellicose foreign policy on the eve of today’s talks and cooperate with the West or face a conflict-seasoned military alliance.

NATO Secretary General Jens Stoltenberg told the Financial Times that the US-led defense pact was prepared for an “armed conflict in Europe” if negotiations failed, as officials braced to discussions.

Today’s bilateral talks in Geneva involving Deputy Secretary of State Wendy Sherman and Ryabkov are the first in a series of diplomatic meetings this week aimed at defusing the situation in Ukraine. They will be followed by talks in Brussels on Wednesday between Russia and the 30 members of NATO and Thursday the Organization for Security and Cooperation in Europe will host talks in Vienna.

Do you think the United States and Russia can defuse the Ukrainian crisis? Share your impressions with us on [email protected]. Thanks for reading FirstFT Americas and here’s the rest of today’s news – Gordon

1. New York apartment fire kills 19 Hospitals worked through the night to save the lives of people seriously injured by smoke in a fire that killed 19 people, including nine children, in a Bronx apartment building, the Associated Press reports. An investigation into the cause of the blaze was underway, New York Mayor Eric Adams told reporters last night.

Mayor Eric Adams at a press conference outside the building where the deadly fire occurred in the Bronx on Sunday © Yuki Iwamura / AP

2. Novak Djokovic wins the appeal The world’s best male tennis player won his appeal against deportation from Australia after a judge ruled that the country’s border officials acted unreasonably in revoking his visa. The Australian government argued that the Serbian had not provided sufficient evidence to justify an exemption to enter Australia without vaccination.

3. US rate hike expected for March despite weak employment growth The Federal Reserve is on track to raise interest rates as early as March, economists said, as strong wage growth and falling unemployment veer away from monthly job creation. Figures released on Friday showed a sharp slowdown in the number of job creations in December but that the unemployment rate plunged to its lowest level since before the pandemic.

4. The fund backed by Bill Gates aims to invest $ 15 billion in clean technologies Breakthrough Energy Catalyst Plans To Raise Up To Ten Times An Initial Investment Of $ 1.5 Billion From Philanthropists And Businesses To Reduce The Cost Of Clean Tech Products Such As Green Steel And Green Hydrogen .

5. Chinese tech stocks rally Chinese tech stocks rallied earlier today after starting the year with a week of steep declines. Hong Kong’s Hang Seng Tech Index gained as much as 2.5%, Alibaba Health Information Technology rose 14%, and Hong Kong-listed shares of short video platform Kuaishou rose 12.2 %. The Star 50 index of Shanghai-listed technology stocks climbed about 1%.

Coronavirus digest

  • Citigroup will lay off U.S. workers at the end of January if they haven’t been vaccinated or received an exemption, according to a person briefed on the matter.

  • Reinfections are increasing among people who caught Covid-19 earlier in the pandemic as the Omicron variant spreads. The strain threatens to overwhelm America’s testing system.

  • International business groups in Hong Kong are pleading with the government to restart flights after executives who returned home for Christmas found themselves stranded.

  • China Strengthens pandemic controls in Tianjin, a 14m city located 120 km southeast of Beijing, after the discovery of the first community-transmitted cases of the Omicron coronavirus variant.

  • Novartis will seek expedited approval for Ensovibep, a Covid-19 drug developed with biotech group Molecular Partners, after strong trial results showed it could help treat the disease.

  • The influential Reddit r / antiwork forum saw its membership skyrocket during the pandemic, from 180,000 in October 2020 to 1.6 million earlier this month as Americans reassess their careers.

The day to come

Markets US stocks are expected to open higher this morning after a turbulent start to the year. The Nasdaq Composite lost 4.5% in the first five trading days of 2022 as investors abandoned fast-growing tech companies in favor of traditional ones that are expected to benefit from the global economy’s exit from the pandemic. . US Treasuries were under pressure ahead of inflation data due later this week.

What else do we read

Is there an end to supply chain disruptions? Managing Director of DSV, one of the world’s largest logistics groups, describes the situation as “the worst I have seen” in more than three decades, as the company is caught between frustrated shipping companies and angry customers. The delays are expected to continue into 2022.

What happens when the Web3 bubble bursts? Web3 builds on Web 2.0, which was all about social media and user-centric content, taking it to the next level of usefulness or hype, depending on your perspective. Rana Foroohar argues that investors should pay less attention to the metaverse and more to those who use capital to build the sustainable assets of the future, like Tesla and German Internet of Things companies.

Apple at $ 3tn: the conundrum of Tim Cook Two years after the death of Steve Jobs, Oracle CEO Larry Ellison has claimed that it is inevitable that Apple will fight under Tim Cook. never been so bad.

The EU against the City of London As the UK marks the anniversary of its divorce from the Single Market, bankers and officials are confirming the bigger picture: rather than a massive transfer of financial firms to the EU, the City is suffering a slow drain that could take decades to unfold.

How super readers read 52 books a year How do they do? Where do they find the time? What are they giving up? The advice of experts is to get up early, ruthlessly deal with bad literature, and skim, skim, skim.

Technology

Last week saw the annual unveiling of new gadgets and innovations at CES in Las Vegas. Adrian Justins summarizes the dominant trends emerging in residential technology and takes a look at the latest products designed for cutting edge living.

Thanks for reading and don’t forget that you can add FirstFT to myFT. You can also choose to receive a FirstFT push notification every morning on the app. Send your recommendations and comments to [email protected]

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