Trump-Era Layoffs Create Espionage Risks; US & Russia Negotiate Black Sea Truce; Tariff Concerns

Thousands of federal workers are being forced out due to government overhauls, potentially creating opportunities for recruitment by adversaries like Russia and China. This exodus of employees with access to sensitive information poses a national security risk, requiring increased counterespionage efforts. Departments overseeing crucial data, including trade negotiation details, intelligence operations, and military capabilities, are particularly vulnerable. Meanwhile, in Saudi Arabia, the US and Russia are negotiating a limited Black Sea truce to ensure safe shipping and protect energy infrastructure. These talks follow discussions between the US and Ukraine regarding the energy sector. Separately, futures on US and European stock indices rose amid indications that the next round of tariffs from the US may be more targeted. However, officials in China and Australia have warned of potential global economic shocks from US trade policies.