Swiss Real Estate Market Remains Vulnerable, Central Banker Says
Price dynamics in Switzerland’s residential-property sector are slowing in the wake of higher interest rates but the market
2023-11-10 19:22
UK Sanctions on Russian Plant Send Jitters Through Palladium
The cost of borrowing palladium has climbed since the UK imposed sanctions on a key Russian refiner earlier
2023-11-10 18:54
Vodka to Pawn Shops Set to Drive Next Wave of Moscow IPOs
Retail investors have pushed Moscow’s benchmark index to levels last seen before Russia’s invasion of Ukraine. Now their
2023-11-10 18:49
BOE Unveils Stress Test Plan for Dozens of Banks, Asset Managers
The UK’s largest banks and asset managers will be tested against a hypothetical shock worse than last year’s
2023-11-10 18:24
Ukraine’s global ‘peace summit’ deferred to next year amid war in Gaza
Ukraine’s global “peace summit” is likely to take place next year, amid concerns over diplomatic rallying for the end of war in Europe with a simultaneous war raging in Gaza. The war-hit country is arranging a fourth meeting of national security advisers in late November or early December, said Ihor Zhovka, president Volodymyr Zelensky’s top diplomatic adviser. “And the Global Summit might take place in February 2024,” he said in a statement. He added that the summit will “definitely” take place “as it will mark both the symbolic beginning of the practical implementation of the Ukraine ‘peace formula’ and summarise all the results that have already been achieved on this track”. Kyiv is looking to build a global coalition to come together and endorse a 10-point “formula” for peace in the region drafted by Volodymyr Zelensky. Under this plan, Mr Zelensky is calling for the restoration of Ukraine’s territorial integrity, complete ejection of Russian troops, protection of food and energy supplies, nuclear safety and release of all prisoners of war. After Russia launched its full-scale invasion of Ukraine, the Zelensky administration sought to build bilateral ties with several governments in Africa, Asia and Latin America. However, some officials in the West have flagged their concerns that the fierce war in the middle east will affect Ukraine’s push to broaden its support and also take away the attention from Kyiv’s cause. But Mr Zhovkva said that Kyiv is carefully considering the factors affecting its peace plan, adding that even if the middle east conflict was affecting agenda priorities for some countries in the region, the talks in Malta last month saw attendance from Saudi Arabia, Bahrain and Qatar. "We don’t need the summit for the sake of the summit. We are talking about the widest possible involvement of the leaders of the Global South. Therefore, we must carefully consider the time and place of the Summit," he said. Mr Zelensky has said he discussed preparations for the summit with his counterparts from Indonesia and Paraguay, urging them to join the bid. Ukraine has counted on its allies across the world for its peace formula talks and does not involve Russia. Vladimir Putin and his allies have repeatedly rejected the peace “formula”, stating that it will be impossible to implement. Read More Russia-Ukraine war: Russian army ‘overextended’ as Kyiv warns peace talks are ‘traps’ Analysis: Ukraine’s current frontline stalemate with Russia is hurting Kyiv Ramaswamy walks back moment he calls Zelensky ‘Nazi’ at GOP debate
2023-11-10 16:50
Norway Inflation Accelerates, Bolstering Last Rate Hike Case
Norway’s underlying inflation accelerated for the first time in four months, cementing the prospect of another rate hike
2023-11-10 16:48
Ukraine Recap: Putin Makes Surprise Visit to Southern Army HQ
Vladimir Putin made an unannounced visit to the headquarters of Russia’s Southern Military District - in Rostov-on-Don near
2023-11-10 16:20
UK Staves Off Recession Threat for Now With Stagnant Quarter
The UK economy flatlined in the third quarter, defying forecasts of a small contraction and ensuring a recession
2023-11-10 16:16
Spain’s Future Hangs on Sanchez’s Ability to Control New Catalan Partners
Prime Minister Pedro Sanchez has spent most of his political career on a tightrope and he’s betting the
2023-11-10 15:49
ANC Leader Says Climate Pact Causing South African Power Cuts
Fikile Mbalula, the secretary general of South Africa’s ruling African National Congress, reiterated a discredited claim that an
2023-11-10 14:18
EU-Listed Securities Face Review as ESG Rules Hit Multinationals
Companies based outside Europe are reviewing securities they’ve listed in the bloc, as the implications of an overlooked
2023-11-10 12:19
4 Royal European Families Have Twins—But Only One Set Includes a Future Ruler
With more twins being born than ever, it should be no surprise that a handful have royal blood. In Europe, four ruling families of Europe currently have a set of twins.
2023-11-10 07:26