US officials are heading to Russia to discuss a potential ceasefire in Ukraine after Ukrainian officials agreed to a 30-day ceasefire following a meeting with American officials in Saudi Arabia. President Trump stated that the US believes peace negotiations are the only way to end the fighting, with a phone call between him and Russian President Putin possible. The Kremlin is studying the proposed ceasefire, while Trump mentioned that financial pressure could be used to incentivize Russia to agree to peace.
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US-China trade war risks dragging the world into recession, WTO head warns
The US-China trade war risks pushing the global economy into recession, with the World Trade Organization (WTO) warning that global output could drop by 7% if the two nations fully decouple. WTO Director-General Ngozi Okonjo-Iweala highlighted that US tariffs and China's retaliatory measures could fragment global trade, compelling countries to align with one bloc or another. She noted that poorer nations are particularly vulnerable and emphasized the need for diversification in production to enhance global...
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