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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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Canadian Service Sector Shrinks for Seventh Straight Month in December

 


According to S&P Global Canada services PMI data, the Canadian service sector shrank for the seventh consecutive month in December 2023, as elevated borrowing costs weighed on the housing market. The headline business activity index edged up to 44.6 in December from a near three-and-a-half-year low of 44.5 in November. However, it remained well below the 50 threshold that separates growth from contraction.

The Canadian service sector is a significant contributor to the country’s economy, and its contraction could have far-reaching implications. The sector includes industries such as finance, insurance, real estate, professional services, and retail trade. The contraction of the service sector could lead to a decline in employment opportunities and a decrease in consumer spending.


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