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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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Trump’s Tariff Blitz: Pharmaceuticals and Chips in the Crosshairs

The Trump administration has launched investigations into imports of pharmaceuticals and semiconductors, citing national security concerns. These probes, initiated under Section 232 of the Trade Expansion Act of 1962, aim to impose tariffs to reduce reliance on foreign production. Pharmaceuticals and semiconductors, which are largely sourced from countries like India, China, and Taiwan, are seen as critical to U.S. security. While the administration argues that tariffs will boost domestic manufacturing, critics warn of potential shortages and increased costs for consumers. 

The move follows exemptions for smartphones and computers from steep reciprocal tariffs, signaling a strategic shift in trade policy. As markets react to these developments, the global economic landscape faces uncertainty. 



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