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Peace Talks Falter as New Strikes Shake Ukraine

President of the United Arab Emirates Sheikh Mohamed bin Zayed Al Nahyan receives the heads of delegations participating in the UAE hosted trilateral talks between the United States, Russia and Ukraine, Director of the Office of the President of Ukraine Kirill Budanov, United States Special Envoy Steve Witkoff, Secretary of the National Security and Defense Council of Ukraine Rustem Umerov, Chief of the Main Directorate of the General Staff of the Russian Armed Forces Igor Kostyukov, and Jared Kushner at Al Shati Palace in Abu Dhabi. US‑mediated negotiations aimed at easing the war in Ukraine ended abruptly without an agreement after Russia launched a series of overnight airstrikes that hit multiple Ukrainian cities and energy facilities. The renewed bombardment intensified pressure on the talks, which had been viewed as a tentative step toward de‑escalation. Diplomats from both sides described the discussions as “constructive but inconclusive,” noting that major sticking points — in...
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Global Stocks Head for Worst Week Since March Amid Central Bank Rate Hikes and Profit Warnings

Global Stocks Head for Worst Week Since March Amid Central Bank Rate Hikes and Profit Warnings




According to BNN Bloomberg, global stocks are heading for their worst week since March as worries about China and higher global interest rates. This has pushed up bond yields and heightened fears of recession. 

This downturn is reflective of the uncertainty prevailing in financial markets, with a combination of factors contributing to the downward spiral. Anxieties over the resurgence of COVID-19 variants, coupled with potential tapering of central bank stimulus measures and supply chain disruptions, have created a perfect storm of uncertainty, prompting investors to reevaluate their positions and adopt a more cautious approach.

The week's market performance has been characterized by sharp declines and wild swings, with major indices across the world experiencing significant losses. These fluctuations have underscored the delicate balance that currently exists between economic recovery and the challenges posed by ongoing global issues. As central banks grapple with the decision of when and how to reduce their monetary support, and as nations work to manage and mitigate the impact of pandemic-related disruptions, the markets remain in a state of heightened vulnerability. Investors are carefully monitoring economic data, public health developments, and policy decisions, all of which will play crucial roles in determining whether this downward trend will persist or if markets will regain their footing in the weeks to come.


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