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EU Clamps Down on Russian Travel with Stricter Visa Rules

                                      EU tightens rules for multiple-entry Schengen visas for Russian passport holders The European Union has introduced tougher visa restrictions for Russian nationals, ending the practice of granting multiple-entry permits. Under the new rules, Russians will need to apply for a fresh visa each time they wish to enter the bloc. Officials say the change is aimed at tightening security and preventing misuse of travel privileges. The move comes amid heightened concerns over migration, sabotage, and other risks linked to Russia’s ongoing conflict with Ukraine. Exceptions will remain in place for certain groups, including dissidents, independent journalists, human rights defenders, and family members of EU citizens. Transport workers may also qualify for short-term multi-entry visas to keep essential services running. EU leaders emphasized that tr...
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Stocks Rally on Softer Inflation and Strong Earning

                                     

U.S. stocks surged in premarket trading today following softer-than-expected inflation data and upbeat fourth-quarter earnings reports from major companies.

The Bureau of Labor Statistics reported that core inflation, which excludes food and energy prices, rose by 3.2% in December, below forecasts for a 3.3% annual increase. This news has raised hopes for a potential second rate cut by the Federal Reserve this year.

Investors were also buoyed by strong earnings reports from leading financial institutions. JPMorgan Chase reported its highest annual profit on record, while BlackRock and Goldman Sachs posted impressive quarterly results.

The positive sentiment was reflected in the stock market, with U.S. stock index futures soaring by 1.5-1.7%. The dollar fell by 0.5% against a basket of major currencies, and U.S. Treasury yields dropped 8.6 basis points to 4.704%.

Market analysts believe that the combination of lower inflation and robust corporate earnings could provide a much-needed boost to investor confidence and market stability.



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