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The bond market is finally getting in sync with Jerome Powell’s outlook for the economy. Traders have scrapped

Wagner boss Yevgeny Prigozhin has turned his troops back from Moscow to “avoid bloodshed” in the Russian city. In an audio message, the mercenary group leader said his soldiers would return to their bases, in a dramatic U-turn just hours before they were expected to reach the city. He said he gave the order to turn back from their advance on Moscow “because of the risk of blood being spilled”. The announcement appeared to defuse a growing crisis as Moscow braced for the arrival of the private army led by the rebellious commander. It comes as President Vladimir Putin had vowed he would face harsh consequences for what he described as a mutinous assault on Russia. Mr Prigozhin said his men were just 120 miles from Moscow but he had decided to turn them back to avoid “shedding Russian blood”. He did not say if the Kremlin has responded to his demand to oust defence minister Sergei Shoigu. The announcement follows a statement from the office of Belarusian president Alexander Lukashenko saying that he had negotiated a deal with Mr Prigozhin after previously discussing the issue with Mr Putin. Mr Prigozhin has accepted Mr Lukashenko’s offer to halt the Wagner group’s advance and further steps to de-escalate the tensions, Mr Lukashenko’s office said, adding that the proposed settlement contains security guarantees for Wagner troops. More follows... Read More Russia-Ukraine war live: Wagner boss turns troops back from Moscow as Kremlin denies Putin has fled Moscow tells residents ‘stay at home’ as Wagner rebels edge closer to Russian city Kremlin denies Putin has fled Moscow as Russia president’s plane ‘disappears’ Mapped: Inside Russian Wagner group’s location and road towards Moscow

The mayor of Moscow has told residents not to travel around the city, with troops from the mutinous Wagner group now just hours away. Sergei Sobyanin also said that Monday would be a non-working day for most and that the measures were needed to “minimise risks”. He added that the situation was "difficult”. Yevgeny Prigozhin’s men are reportedly receiving a mixed reaction from Russians as they journey through the country to launch an assault on the capital after the leader of the mercenary group spoke out against the war in Ukraine. Protections have been put in place around Moscow with the Wagner group reportedly around four hours from its boundaries as its soldiers look set to pose the biggest threat to the rule of Vladimir Putin so far. Armed vehicles have also been filmed passing the Kremlin while it has been reported that the presidential plane has flown from Moscow to St Petersburg. Although the Kremlin denied Vladimir Putin had fled, saying he continued to work in the city. Moscow residents have shared their fears of the impending potential conflict. “It's frightening, of course,” Muscovite Nikolai told the Mail Online. “You sit at home thinking about what might happen. It's disturbing both for you and your loved ones.” Another resident, Sergei, added: “I think everything will turn out fine, but if they're preparing to bring in [anti-terror measures] then it means there's a reason for that.” Read More Russia-Ukraine war live: Kremlin denies Putin has fled Moscow as plane mysteriously disappears from radar Biden briefed on unfolding armed rebellion in Russia as US officials consult with allies Kremlin denies Putin has fled Moscow as Russia president’s plane ‘disappears’

Convoys of mercenaries loyal to Wagner leader Yevgeny Prigozhin advanced toward Moscow on Saturday, intensifying the most serious

Zambia will pay interest rates of as low as 1% until 2037 as part of its debt restructuring

The Kremlin has denied Vladimir Putin fled Moscow by plane after claiming Russia is ‘facing treason’ from members of the mutinous Wagner group. One of several planes that Putin uses for official visits took off from Moscow at 2.15pm local time, according to Flight Radar, which tracks aircraft in real-time. Less than half an hour later, it went off radar about 150 kilometres from Mr Putin’s official residents. “Putin is working at the Kremlin,” his spokesman Dmitry Peskov told the Tass news agency when asked about reports of him going to the north-west, possibly St Petersburg. FlightRadar data reported that at 15:06 that the plane disappeared from radars near the Tver region. It is believed one of Putin’s residences is located in the Tver region. Deputy premier Denis Manturov, left Russia for Turkey on Saturday, according to multiple reports. It comes after Russian mercenary chief Yevgeny Prigozhin claimed he and his troops had taken control of key sites in Rostov-on-Don, a major logistical hub, including the airfield. An audio message on the social media app Telegram detailed Prigozhin’s fighters had crossed the border and were “ready to die” in confrontation with those in their way. “All of us are ready to die. All 25,000, and then another 25,000,” he said, after earlier accusing the Russian top brass of launching strikes against his men,” he said. “We are dying for the Russian people.” Prigozhin later took to the Wagner Telegram channel to share a chilling message for the Russian president. “Putin made the wrong choice. All the worse for him,” he wrote. “Soon we will have a new president.” However, Putin was quick to double-down on those working outside his regime and warned on Saturday morning of “inevitable punishment” for anyone dividing Russian society. “This is a criminal campaign. It is equivalent to armed mutiny,” Putin said. “Russia will defend itself and repel this move. We are fighting for the life and security of our citizens and our territorial integrity. “In the face of those who are fighting on the front, this is a stab in the back of the troops and the people of Russia.” Wagner are a private paramilitary group run by Prigozhin who currently claims to have more than 25,000 fighters under his command. Read More Ukraine-Russia war – live: Furious Putin calls Wagner mutiny ‘treason’ and ‘mortal blow’ to troops Rishi Sunak ‘in touch with allies’ about Wagner group rebellion in Russia Is this the end for Putin? His country now stands on the edge of civil war The Body in the Woods | An Independent TV Original Documentary The harrowing discovery at centre of The Independent’s new documentary

Once a low-profile businessman who benefited from having President Vladimir Putin as a powerful patron, Yevgeny Prigozhin moved into the global spotlight with Russia’s war in Ukraine. As the leader of a mercenary force who depicts himself as fighting many of the Russian military’s toughest battles in Ukraine, the 62-year-old Prigozhin has now moved into his most dangerous role yet: preaching open rebellion against his country’s military leadership. Prigozhin, owner of the Kremlin-allied Wagner Group, has escalated what have been months of scathing criticism of Russia’s conduct of the war by calling on Friday for an armed uprising to oust the defense minister. Russian security services reacted immediately, opening a criminal investigation and demanding Prigozhin’s arrest. In a sign of how seriously the Kremlin took Prigozhin’s threat, riot police and the National Guard scrambled to tighten security at key facilities in Moscow, including government agencies and transport infrastructure, Tass reported. Prigozhin, a onetime felon, hot-dog vendor and longtime associate of Putin, urged Russians to join his “march to justice”. ‘PUTIN’S CHEF’ Prigozhin and Putin go way back, with both born in Leningrad, now known as St Petersburg. During the final years of the Soviet Union, Prigozhin served time in prison – 10 years by his own admission –although he does not say what it was for. Afterwards, he owned a hot dog stand and then fancy restaurants that drew interest from Putin. In his first term, the Russian leader took then-French President Jacques Chirac to dine at one of them. “Vladimir Putin saw how I built a business out of a kiosk, he saw that I don’t mind serving to the esteemed guests because they were my guests,” Prigozhin recalled in an interview published in 2011. His businesses expanded significantly to catering and providing school lunches. In 2010, Putin helped open Prigozhin’s factory that was built on generous loans by a state bank. In Moscow alone, his company Concord won millions of pounds in contracts to provide meals at public schools. He also organised catering for Kremlin events for several years – earning him the nickname “Putin’s chef” – and has provided catering and utility services to the Russian military. In 2017, opposition figure and corruption fighter Alexei Navalny accused Prigozhin’s companies of breaking antitrust laws by bidding for around £300m in defence ministry contracts. MILITARY CONNECTION Prigozhin also owns the Wagner Group, a Kremlin-allied mercenary force that has come to play a central role in Putin’s projection of Russian influence in trouble spots around the world. The United States, European Union, United Nations and others say the mercenary force has involved itself in conflicts in countries across Africa in particular. Wagner fighters allegedly provide security for national leaders or warlords in exchange for lucrative payments, often including a share of gold or other natural resources. US officials say Russia may also be using Wagner’s work in Africa to support its war in Ukraine. In Ukraine, Prigozhin’s mercenaries have become a major force in the war, fighting as counterparts to the Russian army in battles aainst Ukrainian forces. That includes Wagner fighters taking Bakhmut, the city where the bloodiest and longest battles have taken place. By last month, Wagner Group and Russian forces appeared to have largely won Bakhmut, a victory with strategically slight importance for Russia despite the cost in lives. The US estimates that nearly half of the 20,000 Russian troops killed in Ukraine since December were Wagner fighters in Bakhmut. His soldiers-for-hire included inmates recruited from Russia’s prisons. RAGING AGAINST RUSSIA’S GENERALS As his forces fought and died en masse in Ukraine, Prigozhin raged against Russia’s military top brass. In a video released by his team last month, Prigozhin stood next to rows bodies he said were those of Wagner fighters. He accused Russia’s regular military of incompetence and of starving his troops of the weapons and ammunition they needed to fight. “These are someone’s fathers and someone’s sons,” Prigozhin said then. “The scum that doesn’t give us ammunition will eat their guts in hell.” A ‘BAD ACTOR’ IN THE US Prigozhin earlier gained more limited attention in the US, when he and a dozen other Russian nationals and three Russian companies were charged with operating a covert social media campaign aimed at fomenting discord ahead of Donald Trump’s 2016 election victory. They were indicted as part of special counsel Robert Mueller’s investigation into Russian election interference. The US Treasury Department has sanctioned Prigozhin and associates repeatedly in connection with both his alleged election interference and his leadership of the Wagner Group. After the 2018 indictment, the RIA Novosti news agency quoted Prigozhin as saying, in a clearly sarcastic remark: “Americans are very impressionable people; they see what they want to see. I treat them with great respect. I’m not at all upset that I’m on this list. If they want to see the devil, let them see him.” The Biden White House called him “a known bad actor,” and state department spokesman Ned Price said Prigozhin’s “bold confession, if anything, appears to be just a manifestation of the impunity that crooks and cronies enjoy under President Putin and the Kremlin.” AVOIDING CHALLENGES TO PUTIN As Prigozhin grew more outspoken against the way Russia’s conventional military conducted fighting in Ukraine, he continued to play a seemingly indispensable role for the Russian offensive, and appeared to suffer no retaliation from Putin for his criticism of Putin’s generals. Media reports at times suggested Prigozhin’s influence on Putin was growing and he was after a prominent political post. But analysts warned against overestimating his influence with Putin. “He’s not one of Putin’s close figures or a confidant,” said Mark Galeotti of University College, London, who specialises in Russian security affairs, speaking on his podcast, In Moscow’s Shadows. “Prigozhin does what the Kremlin wants and does very well for himself in the process. But that’s the thing – he is part of the staff rather than part of the family,” Galeotti said. Read More Russia-Ukraine war live: Wagner armed rebellion moves closer to Moscow as Putin threatens revenge Mapped: Inside Russian Wagner group’s location and road towards Moscow Furious Putin calls Wagner coup ‘treason’: ‘This is a stab in the back to everyone in Russia’ The Body in the Woods | An Independent TV Original Documentary The harrowing discovery at centre of The Independent’s new documentary

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President Vladimir Putin said Russia was facing “treachery” as Wagner militia group leader Yevgeny Prigozhin started an “attempt

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Russia accused the powerful head of the Wagner mercenary group of mounting an armed uprising as the growing