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SpaceX made a historic entrance into the Nasdaq on Friday, surging over 20% in its first day of trading and lifting its valuation to more than $2 tril...
European Union foreign policy chief Kaja Kallas has warned that attempts to reach a peace agreement in Ukraine are being undermined by Russia’s continued refusal to engage meaningfully in negotiations.
Speaking ahead of the EU Council summit in Brussels, Kallas said Moscow has shown no serious intent to pursue peace, despite growing international support for diplomatic efforts to end the war.
She said Russia had rejected proposed ceasefire initiatives, including a truce during the Christmas period, and accused Moscow of merely giving the appearance of negotiations rather than participating in them genuinely.
Kallas stressed that pressure on Russia remains insufficient and largely unbalanced, arguing that stronger measures are needed to push the Kremlin towards real talks.
The EU’s foreign policy chief also addressed the bloc’s proposed reparations loan for Ukraine, which is intended to support reconstruction efforts over the next two years. She said the proposal takes into account concerns raised by Belgium and other member states and expressed hope that an agreement could be finalised.
According to Kallas, the loan sends a clear message to Moscow that the EU will remain united and persistent in its support for Ukraine. She said Russia is counting on divisions within the bloc and warned that failure would weaken Europe’s position.
The proposal is linked to approximately €210 billion in Russian assets currently frozen within the EU. Brussels plans to use profits generated from those assets to finance assistance for Ukraine. However, legal and financial concerns have been raised, particularly by Belgium, where most of the assets are held by financial services firm Euroclear.
On the issue of security guarantees for Ukraine, Kallas said discussions among allies are progressing, adding that long-term protection against future attacks will require firm commitments, including from the United States.
She emphasised that credible security assurances are essential to ensuring Ukraine’s stability once the conflict ends.
Mexico and South Africa meet in Thursday’s World Cup opener in Mexico City, with both teams approaching the match from very different positions but facing their own pressures.
SpaceX has made history with the largest initial public offering ever in the United States, pricing its shares at $135 each and achieving a market valuation of $1.77 trillion.
Formula 1 driver Pierre Gasly’s Monaco Grand Prix podium has been reinstated after Alpine successfully challenged his post-race penalties through a Right of Review request with the FIA.
U.S. Donald Trump has said he has cancelled planned strikes on Iranian oil and gas ports announced earlier on Thursday. Trump said he made the decision after senior leadership in Iran agreed to peace talks.
While France hosts next week’s Group of Seven summit, businesses in neighbouring Switzerland have already begun taking precautions, with many shops in Geneva boarded up ahead of a large anti-G7 demonstration expected on Sunday.
SpaceX made a historic entrance into the Nasdaq on Friday, surging over 20% in its first day of trading and lifting its valuation to more than $2 trillion. Investors flocked to the world’s largest IPO, betting on Elon Musk’s sprawling empire spanning rockets, AI and beyond.
Ukraine will increase military wages and expand recruitment of foreign volunteers, President Volodymyr Zelenskyy announced on Friday, as the armed forces face a critical personnel shortage after more than four years of war with Russia.
Poland will receive a new $4 billion loan from the United States through the Foreign Military Financing (FMF) programme, strengthening defence ties between the two NATO allies as Warsaw continues a major military modernisation drive.
Italian Prime Minister Giorgia Meloni and Polish Prime Minister Donald Tusk have criticised Britain, France and Germany for leaving them out of talks with Russia about a potential future peace deal for Ukraine.
The International Labour Organization has adopted the first-ever international agreement aimed at protecting digital platform workers, marking a major step in regulating labour conditions in the global gig economy.
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