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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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UK Bonds Experience Worst Start to a Year on Record

 


UK bonds have experienced the worst start to a year on record, following an unexpected surge in inflation. 

The Bloomberg Sterling Aggregate Bond Index is down over 3% this month, more than any other sovereign market. The UK isn’t the only place where investors are rethinking their aggressive bets on interest-rate reductions. Traders in the US and Europe have also moderated their expectations. 

The turbulence in the bond market has brought home how vulnerable markets are. The Bank of England is now caught between a rock and a hard place, as the clear path the market was painting for a steady reduction in interest rates this year may have to be re-visited .


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