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EU and U.S. Tighten Sanctions to Pressure Moscow Toward Peace

Ukraine's President Volodymyr Zelensky, left, and European Council President Antonio Costa arrive for an EU Summit at the European Council building in Brussels on Thursday. The European Union has joined the United States in unveiling a sweeping new round of sanctions against Russia, intensifying international efforts to force President Vladimir Putin to end the war in Ukraine. The measures, announced at an EU summit in Brussels, mark the bloc’s 19th sanctions package since the invasion began in 2022. They target Russia’s vital energy sector, major banks, and defense industries, while also restricting the movement of Russian diplomats across Europe. The U.S., for its part, imposed penalties on Russia’s largest oil companies, Lukoil and Rosneft, in a bid to choke off the Kremlin’s key revenue streams. Ukrainian President Volodymyr Zelenskyy, who attended the summit, hailed the coordinated action as “very important,” emphasizing that sustained economic pressure is essential to wea...
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Wall Street Ends Tumultuous Week on a High Note

 

Wall Street wrapped up a volatile week with a positive finish, as major U.S. stock indexes rebounded on Friday. The Dow Jones Industrial Average climbed 1.6%, the S&P 500 rose 1.8%, and the tech-heavy Nasdaq Composite gained 2.1%. 

This recovery followed a week of dramatic swings, largely driven by escalating trade tensions between the United States and China. President Trump's tariff policies created uncertainty in the markets, with reciprocal tariffs reaching as high as 145% on Chinese imports. Despite the turbulence, optimism emerged after the White House hinted at potential progress in trade negotiations.

Investors remain cautious, as the broader market is still down year-to-date. However, Friday's gains provided a much-needed boost to close out a rollercoaster week on a hopeful note.

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