What We're Watching

What We’re Watching: Zelensky willing to compromise, Bulgaria’s government falls, US seizes Venezuelan oil tanker

Ukrainian President Volodymyr Zelenskiy meets with British Prime Minister Keir Starmer, French President Emmanuel Macron, and German Chancellor Friedrich Merz at 10 Downing Street, in London, Britain, December 8, 2025.
Ukrainian President Volodymyr Zelenskiy meets with British Prime Minister Keir Starmer, French President Emmanuel Macron, and German Chancellor Friedrich Merz at 10 Downing Street, in London, Britain, December 8, 2025.
REUTERS/Toby Melville/Pool

Zelensky’s counteroffer shows his willingness for compromise

Ukrainian President Volodymyr Zelensky made a counter to the US’s original plan for ending the Russia-Ukraine war on Wednesday, one that includes several concessions. Among them are allowing the US to recognize Russian-occupied territory, and granting the US and Russia control over the fate of frozen Russian assets. Still, US President Donald Trump isn’t happy: he had a heated phone call with European leaders yesterday, arguing Zelensky needs to be “realistic” about a deal. On the other hand, the Ukrainian public has indicated they don’t want Zelensky to make major territorial concessions. Ukrainian, US and European officials will put their heads together in Paris on Saturday to try to reach consensus on a peace plan.

Bulgaria’s government collapses

After weeks of street protests over graft and wasteful spending, Bulgaria’s government has resigned. The unrest was touched off in November by a proposed budget that increased taxes and boosted social spending. Bulgarians, unwilling to hand over any more of their income to the EU’s most corrupt member state, poured into the streets. Although Prime Minsiter Rosen Zhelyazkov’s cabinet scrapped the proposal, the demonstrations continued, forcing him to resign Thursday, just before a no-confidence vote that he was sure to lose. Bulgaria, which is set to adopt the Euro as its currency in January, has already been through seven national elections in the past four years. Another now seems likely.

US takes Venezuelan oil tanker

The US military seized a Venezuelan oil tanker off the coast of the country on Wednesday. The ship, which was delivering oil from a state-owned company to Asia, has frequently faked its location on trips to countries under US sanctions like Iran. The Venezuelan government has accused the US of “blatant theft,” but a federal judge in the US issued a seizure warrant for the ship’s link to Iranian oil smuggling. Venezuela’s economy is heavily dependent on oil, and the move marks an escalation in the US’s pressure campaign to oust Nicolas Maduro.

More For You

Women work in the plastic container assembly area inside the El Oso shoe polish factory, located in Mexico City, Mexico, in its new facilities, after officers from the Secretariat of Citizen Security and staff from the Benito Juarez mayor's office arbitrarily and violently remove their supplies, raw materials, machinery, and work tools on January 17 of this year following a coordinated operation stemming from a private dispute. On August 27, 2025.
Photo by Gerardo Vieyra/NurPhoto

50: Mexico’s President Claudia Sheinbaum is taking a page out of US President Donald Trump’s book, implementing up to a 50% tariff on more than 1,400 products in a bid to boost domestic production.

Walmart’s $350 billion commitment to American manufacturing means two-thirds of the products we buy come straight from our backyard to yours. From New Jersey hot sauce to grills made in Tennessee, Walmart is stocking the shelves with products rooted in local communities. The impact? Over 750,000 American jobs - putting more people to work and keeping communities strong. Learn more here.

In this episode of Tools and Weapons, Microsoft Vice Chair and President Brad Smith sits down with Ed Policy, President and CEO of the Green Bay Packers, to discuss how purpose-driven leadership and innovation are shaping the future of one of the world’s most iconic sports franchises. Ed shares how technology and community-focused initiatives, from Titletown Tech to health and safety innovations on the field, are transforming not just the game of football, but the economy and culture of Green Bay itself. He explains how combining strategic vision with investment in local startups is keeping talent in the Midwest and creating opportunities that extend far beyond Lambeau Field.

Subscribe and find new episodes monthly, wherever you listen to podcasts.

Members of security forces stand guard outside a polliong station, a week late in a special election, after the local governing party kept voting closed on election day, amid accusations of sabotage and fraud, in a presidential race still too close to call as counting continues, in San Antonio de Flores, Honduras, December 7, 2025.
REUTERS/Leonel Estrada

More than a week after Hondurans cast their ballots in a presidential election, the country is still stuck in a potentially-dangerous post-election fog.