Business news from Ukraine

Business news from Ukraine

Trump Called Republicans’ Election Defeat a Step Backward for U.S

U.S. President Donald Trump stated that the results of the midterm congressional elections, in which the Democratic Party gained control of both chambers, represented a serious step backward for the country. At the same time, the U.S. leader expressed confidence that his political movement would regain ground and emerge stronger.

Trump posted this statement on November 8, 2026, on the social media platform Truth Social.
“America has taken a huge step backward in its history following the results of the latest election,” the U.S. president wrote.

He also linked the Republicans’ defeat to the negative trend in the U.S. stock market.
According to Trump, the U.S. stock market—which had shown significant growth during his presidency—lost approximately $3 trillion in market capitalization in a single trading day.

However, the president did not specify the calculations on which this estimate is based. A direct cause-and-effect relationship between the election results and the drop in market capitalization he cited has not been independently confirmed.
“But don’t worry, we will be back and we will be even bigger and stronger than ever before,” Trump stated.

The U.S. midterm elections took place on November 3, 2026. As a result, the Democrats secured majorities in both the House of Representatives and the Senate, depriving the Republican Party of control over Congress.

According to Reuters, the Democrats secured victories in a number of states that traditionally supported the Republicans, including Texas. In the Senate, the party secured at least 54 seats, and in the House of Representatives, it gained a significant advantage over the previous composition.

The election results significantly alter the political landscape in Washington. Once the new Congress takes office in January 2027, the Trump administration will face the need to coordinate legislative initiatives with the Democratic majority.

Democrats will also gain expanded opportunities for congressional oversight of the president’s administration, including conducting investigations and holding hearings with executive branch officials.

Earlier, Trump acknowledged the election results and congratulated the Democrats on their victory, expressing a willingness to cooperate on issues that, in his view, serve the country’s interests. At the same time, the president emphasized that he intends to exercise his veto power over legislative initiatives with which he disagrees. The next U.S. presidential election is scheduled for November 2028.

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Trump Announced Plans for Large-Scale Agreement to Resolve War in Ukraine

U.S. President Donald Trump announced plans for a large-scale agreement to resolve the war in Ukraine, which could extend beyond a bilateral framework to encompass all of Europe, and also announced that new statements would be made within the next one to two weeks, according to a report by Clash Report late Thursday night.

“There will be a deal. It will be a big deal, and it will encompass more than just Ukraine. It will be a very large-scale deal that will affect more than just Ukraine, and I can even say that it may encompass all of Europe. It will be a big, wonderful deal, and everyone will be thrilled,” Trump told reporters in the Oval Office of the White House on Thursday.

At the same time, the U.S. leader did not disclose details regarding the signatories, the timing of the agreements, territorial issues, security guarantees, or the sanctions regime; however, he promised to announce a series of developments over the next one to two weeks.

Responding to reporters’ questions about whether he raises the issue of Russian attacks on Ukraine’s civilian population in his contacts with Vladimir Putin, the White House chief noted that he consistently draws attention to this issue with both sides. According to Trump’s estimate, the combined losses of Russia and Ukraine in the war amount to about 25,000 people per month.

As the publication notes, the U.S. president’s statement came a few hours after Ukrainian President Volodymyr Zelenskyy reported discussing with U.S. officials the possibility of a winter ceasefire amid massive Russian strikes on Ukraine’s power grid.

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Bolsonaro, who lost Brazil’s election, declares himself president and leader after leaving for the US

Former Brazilian presidential candidate and Senator Flávio Bolsonaro, who lost the second round of the presidential election to incumbent President Luiz Inácio Lula da Silva, arrived in the United States and declared himself the country’s legitimately elected president. The politician subsequently revised his statement, calling himself the “leader of Brazil,” but continued to refuse to recognize the voting results, Reuters reported.

Bolsonaro arrived in Miami on October 28 aboard a private plane with his wife and two daughters. After the second round of the election on October 25, he left Brazil, first crossing the land border into Argentina and then flying to the United States via Ecuador.

In an open letter published on the social network X, Bolsonaro initially described himself as the “true elected president of Brazil.” However, some time later, he deleted the original version and published a new document, replacing that wording with “leader of Brazil.”

The politician claimed that he had become a victim of alleged fraud in the presidential election and political persecution by the Brazilian authorities. However, he did not present evidence of large-scale irregularities capable of changing the voting results.

In his statement, Bolsonaro also thanked US President Donald Trump for allowing him to enter the country and Argentine President Javier Milei for his assistance during the trip.

The US administration had previously authorized Bolsonaro and his family members to enter the United States. Trump himself, commenting on the Brazilian politician’s statement, declined to assess his claim to the presidency but again described the election as strange.

According to the official results of Brazil’s Superior Electoral Court (TSE), published on October 26, Lula da Silva won the second round with 64,256,232 votes, or 51.79%. Flávio Bolsonaro received 59,826,041 votes, or 48.21%.

The difference between the candidates amounted to 4.43 million votes.

The voting results were recognized by Brazilian electoral authorities, international observers and the leadership of the Liberal Party, under whose banner Bolsonaro ran.

One of the losing candidate’s arguments concerned the decision by Brazil’s Supreme Federal Court to extend polling station hours by two hours. However, according to an analysis of electoral authorities’ data, fewer than 35,000 votes were cast during the additional period, significantly fewer than the final margin between the candidates.

Bolsonaro’s departure came amid an investigation into the politician on suspicion of money laundering. The Supreme Federal Court had previously ordered him to surrender his passports, but the senator left the country without complying with the order. Bolsonaro himself denies allegations of unlawful conduct and claims that he left to protect his family. In the published letter, he also stated that he intends to continue his political activities and lead the opposition from abroad.

The situation could further complicate relations between Brazil and the United States. Lula had previously accused Washington of supporting the Bolsonaro family, while the US administration rejected accusations of interfering in Brazil’s internal affairs.

According to political analysts, Bolsonaro’s presence in the United States could create new opportunities for the international activities of his supporters, but at the same time complicate the management of the opposition movement within Brazil.

Despite the defeat in the presidential election, conservative political forces significantly strengthened their representation in the National Congress, which will preserve their influence over legislative activity and economic policy during the next presidential term.

Flávio Bolsonaro is the eldest son of former Brazilian President Jair Bolsonaro, who led the country from 2019 to 2022. Jair Bolsonaro is serving a 27-year prison sentence in a case involving an attempted coup d’état following his defeat in the 2022 election.

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Trump Again Stated That Canada “Will Eventually Become 51st State of U.S.”

U.S. President Donald Trump again stated that Canada could eventually become the 51st U.S. state, linking this to trade relations between the two countries.

He made this statement on October 14 during a campaign rally in Bullhead City, Arizona.

“Eventually, they’ll become the 51st state, because that’s the only way it works. We don’t need them, but they need us. And why should we lose $80 billion, $90 billion, $100 billion a year to support a country that isn’t part of us?” Trump said.

Prior to this, the U.S. president accused Canada of pursuing a harsh tariff policy and stated that Canadian automakers are moving production to the U.S. to avoid American tariffs. After mentioning the possibility of making Canada the 51st state, Trump also drew a parallel with Greenland.

However, the $80–100 billion figure he cited does not correspond to official data on the trade balance between the two countries. According to the Office of the U.S. Trade Representative, in 2025, the U.S. trade deficit in goods with Canada stood at $48.3 billion. At the same time, the U.S. had a trade surplus in services with Canada of $27.7 billion. Total trade in goods and services between the two countries was estimated at $872.3 billion.

Trump repeatedly returned to the idea of making Canada a U.S. state after his return to the White House. In May 2025, during a meeting in Washington, Canadian Prime Minister Mark Carney stated outright that the country was “not for sale” and would never be sold. In response, Trump said at the time, “Never say never.”

The U.S. remains Canada’s main trading partner. According to the USTR, more than three-quarters of Canadian merchandise exports go to the U.S. market, while nearly half of Canada’s imports come from the U.S. The economies of the two countries are particularly closely linked in the automotive industry, the energy sector, and cross-border supply chains.

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Trump Accused Zelenskyy of Being Unwilling to End War

According to Interfax-Ukraine, U.S. President Donald Trump accused Ukrainian President Volodymyr Zelenskyy of being unwilling to end the war with Russia.

“Zelenskyy could have resolved this war many, many times. He chose not to. … Zelenskyy wants to create problems for the world. He wants to create problems for our farmers by striking Russian oil refineries,” Trump told reporters.

“I suggest that Ukraine get a new leader who is capable of making deals. For some reason, Zelenskyy never makes deals,” Trump said.

“We told Zelenskyy, ‘Do whatever you want, but don’t target diesel fuel.’ And what does he do? He goes and targets diesel fuel. He can do whatever he wants, but he can’t do that,” the U.S. president added.

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Trump hopes for an agreement between Zelenskyy and Putin before winter

U.S. President Donald Trump said that he hopes an agreement between Ukrainian President Volodymyr Zelenskyy and Kremlin leader Vladimir Putin will be reached before the onset of the harsh winter.

“But you know what I want from Zelenskyy? I want him to make a deal. I want him to reach an agreement with Putin, and I want Putin to reach an agreement with him,” Trump said while speaking with journalists.

Asked by a journalist about Patriot missiles, Trump noted that he had spoken with Zelenskyy a lot, but did not give a specific answer to the question.

“I have spoken with him a lot; the process is moving forward, Putin is acting too, and one day — I hope in the not-too-distant future, perhaps even before the onset of the harsh winter — they will reach an agreement,” Trump emphasized.

As reported, Ukrainian President Volodymyr Zelenskyy earlier emphasized that during a meeting in New York on the sidelines of the UN General Assembly, U.S. President Donald Trump said that Ukraine would receive licenses to manufacture Patriot missiles.

“President Trump, during his last meeting with me, emphasized that ‘yes, I have made a final decision — Ukraine will receive licenses to manufacture Patriot missiles,’” the president said at the time.

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