Good morning. Ukraine granted EU candidate status, record low UK consumer confidence, Fed’s unconditional commitment and Europe is bracing for a cold, cold winter. Here’s what people are talking about.
European Union leaders granted Ukraine candidate status in an historic step for the war-torn nation on the long and difficult path to membership of the bloc. The government heads holding a two-day summit in Brussels approved a recommendation from the European Commission to grant the status to Ukraine. Kyiv, which applied for membership shortly after the Russian invasion in February, will have to meet conditions in the future on issues related to the rule of law, justice and anti-corruption. For the EU, the move opens a new era of eastern expansion that is fraught with risks. Meanwhile, the US plans to provide Ukraine with an additional $450 million in aid and advanced weaponry that includes rocket systems.