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Massive Russian Strikes Cripple Ukraine’s Power Grid Ahead of Peace Talks

An employee works at a thermal power plant damaged by multiple Russian missile strikes, in an undisclosed location in Ukraine. Russian forces launched a sweeping overnight assault on Ukraine’s energy network, striking multiple regions just hours before planned peace discussions. The barrage targeted major cities including Kyiv and Kharkiv, damaging power stations and transmission lines that millions rely on for heat and electricity during freezing winter conditions. Ukrainian officials reported widespread outages, with emergency crews working through the night to stabilize the grid. Residential areas were also hit, leaving civilians injured and prompting renewed concerns about the humanitarian toll of the conflict. The timing of the strikes has drawn sharp criticism from Ukrainian leaders, who argue the attacks are intended to undermine the upcoming negotiations and pressure Kyiv at the bargaining table. Despite the escalation, both sides are still expected to attend the talks, thou...

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Global Markets in Turmoil: Trump's Tariffs Shake Wall Street

 

Wall Street faced a dramatic downturn on Monday, following President Donald Trump's announcement of sweeping tariffs on imports. The move has sent shockwaves through global markets, with major indices in Europe, Asia, and North America experiencing significant losses. The S&P 500, Dow Jones Industrial Average, and Nasdaq all saw sharp declines, reflecting investor fears of slowed economic growth and rising inflation.

Trump's tariffs, ranging from 10% to 50%, have sparked concerns about a potential recession and disrupted international trade. Economists warn that these measures could reduce U.S. economic growth by two percentage points this year while pushing inflation close to 5%. The ripple effects are being felt worldwide, with oil prices dipping below $60 per barrel and stock markets in Germany, France, and Japan also suffering heavy losses.

As markets brace for further instability, the global economic landscape remains uncertain. Investors and businesses alike are watching closely to see how these tariffs will reshape trade dynamics and impact financial stability.

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