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New Russian offensive underway in Ukraine, says NATO

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Ukrainian forces brace for massive Russian offensive near Bakhmut, with NATO confirming local reports of heavy artillery bombardment. Military officials report resistance in multiple regions, including Kharkiv, Luhansk, and Donetsk, as tensions escalate ahead of the invasion's first anniversary.

US forces returning to Philippines to counter China threats

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After a 30-year absence, the United States is rebuilding its military presence in the Philippines, gaining access to additional military camps. This move is part of a broader strategy to create a strong defensive arc against China's increasing regional aggression, leveraging a long-standing alliance with strategic geographical significance.

US accuses Russia of endangering nuclear arms control treaty

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The Biden administration warns that Russia's refusal to resume nuclear facility inspections threatens the New START treaty. Following COVID-19 suspensions in 2020, diplomatic tensions over Ukraine complicate strategic nuclear weapons cooperation between the US and Russia.

Asian FX, stocks rise as strong U.S. GDP data aids risk...

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Asian financial markets show positive momentum as U.S. economic data boosts investor confidence. The Philippine Peso and Malaysian Ringgit strengthen, reflecting robust economic performance and improved regional market outlook. Both currencies experience significant gains in early January, driven by strong economic indicators and renewed investor optimism.
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