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SYMBOL
LAST
BID
ASK
HIGH
LOW
NET CHG.
%CHG.
SPREAD
SPX
S&P 500 Index
6848.25
6848.25
6848.25
6878.28
6841.15
-22.15
-0.32%
--
DJI
Dow Jones Industrial Average
47793.65
47793.65
47793.65
47971.51
47709.38
-161.33
-0.34%
--
IXIC
NASDAQ Composite Index
23537.34
23537.34
23537.34
23698.93
23505.52
-40.78
-0.17%
--
USDX
US Dollar Index
99.110
99.190
99.110
99.160
98.730
+0.160
+ 0.16%
--
EURUSD
Euro / US Dollar
1.16244
1.16251
1.16244
1.16717
1.16162
-0.00182
-0.16%
--
GBPUSD
Pound Sterling / US Dollar
1.33173
1.33181
1.33173
1.33462
1.33053
-0.00139
-0.10%
--
XAUUSD
Gold / US Dollar
4195.40
4195.81
4195.40
4218.85
4175.92
-2.51
-0.06%
--
WTI
Light Sweet Crude Oil
59.047
59.077
59.047
60.084
58.837
-0.762
-1.27%
--

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France's CAC 40 Down 0.2%, Spain's IBEX Up 0.1%

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Europe's STOXX Index Up 0.1%, Euro Zone Blue Chips Index Flat

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Germany's DAX 30 Index Closed Up 0.08% At 24,044.88 Points. France's Stock Index Closed Down 0.19%, Italy's Stock Index Closed Down 0.13% With Its Banking Index Up 0.33%, And The UK's Stock Index Closed Down 0.32%

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The STOXX Europe 600 Index Closed Down 0.12% At 578.06 Points. The Eurozone STOXX 50 Index Closed Down 0.04% At 5721.56 Points. The FTSE Eurotop 300 Index Closed Down 0.05% At 2304.93 Points

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Israeli Prime Minister Netanyahu: Hamas Has Violated The Ceasefire Agreement, And We Will Never Allow Its Members To Re-arm Themselves And Threaten US

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Israeli Prime Minister Netanyahu: We Are Working To Return The Body Of Another Detainee From The Gaza Strip

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Iraq's West Qurna 2 Oil Field Will Increase Oil Production Beyond Normal Levels To Compensate For The Production Stoppage Caused By The Trump Administration's Sanctions Against Russia

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Israeli Prime Minister Netanyahu: We Are Close To Completing The First Phase Of Trump’s Plan And Will Now Focus On Disarming Gaza And Seizing Hamas Weapons

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Moody's Affirmed Burberry's Long-term Rating Of Baa3 And Revised Its Outlook (from Negative) To Stable

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The Trump Administration Supports Iraq's Plan To Transfer Russian Oil Company Lukoil Pjsc's Assets In The West Qurna 2 Oil Field To An American Company

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JMA: Tsunami Of 70 Centimetres Observed In Japan's Kuji Port In Iwate Prefecture

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The U.S. Bureau Of Labor Statistics Plans To Release A Press Release On January 15, 2026, For November 2025, Along With Data For October

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Tiger Global Has Established A New Fund, Aiming To Raise $2 Billion To $3 Billion

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The U.S. Bureau Of Labor Statistics Announced That It Will Not Release A Press Release Regarding The U.S. Import And Export Price Index (MXP) For October 2025

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The U.S. Bureau Of Labor Statistics (BLS) Will Not Release U.S. October CPI Data

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Government Negotiator: Dutch Political Center And Center Right Parties D66,  Cda And Vvd Advised To Start Talks On Possible Government

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New York Fed: November Home Price Rise Expectation Steady At 3%

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New York Fed: US Households' Personal Finance Worries Grew In November

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New York Fed: November Five-Year-Ahead Expected Inflation Rate Unchanged At 3%

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New York Fed: Households More Pessimistic On Current, Future Financial Situations In November

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          Europe's Energy Future Unlikely to Reembrace Russian Gas Despite Peace Efforts in Ukraine

          Gerik

          Economic

          Commodity

          Summary:

          Even if a peace deal between Ukraine and Russia materializes, analysts argue that Europe is unlikely to return to Russian gas, given damaged infrastructure, entrenched political stances...

          Peace Diplomacy and the Energy Equation: Shifting Expectations

          As the U.S. under President Donald Trump pushes for a peace settlement between Ukraine and Russia, the question arises whether such a deal could reverse Europe's dramatic energy pivot away from Russian gas. While special envoy Steve Witkoff is expected to hold talks in Moscow, the Kremlin remains noncommittal, and key diplomatic hurdles persist. More importantly, experts believe that even a signed agreement would not meaningfully alter Europe’s current trajectory, which firmly favors energy diversification and resilience over any return to past dependencies.
          Following the 2022 energy shock, triggered by geopolitical tensions and war-related supply disruptions, European governments and consumers were forced to endure soaring energy costs. However, this hardship catalyzed a structural shift in policy and perception. EU member states have since treated the move away from Russian gas not as a temporary solution but as a strategic necessity. This mindset appears resistant to change even under favorable diplomatic scenarios illustrating a causal relationship between the 2022 crisis and Europe’s enduring energy strategy.
          Despite the fact that a formal EU-wide ban on Russian LNG will only take effect in 2027, the transition is already well underway. Key pipeline routes such as Nord Stream have been rendered inoperable, the Yamal-Europe line has ceased after Poland terminated its contract, and the Ukraine–Gazprom transit agreement is set to expire next year without renewal prospects. The collapse of this physical and contractual infrastructure, coupled with entrenched political aversion, eliminates any realistic short-term path for Russia to reclaim its role as Europe’s dominant gas supplier.

          U.S. LNG Supremacy Redefines the Continent's Supply Landscape

          Data from October shows that the United States exported a record 10.1 million tonnes of LNG in a single month, with Europe receiving nearly 69% of that total. This surge was largely supported by the commissioning of Venture Global’s Plaquemines project and Cheniere’s Corpus Christi expansion. The U.S. Energy Information Administration (EIA) forecasts LNG exports will reach 14.9 billion cubic feet per day in 2025 up 25% year-over-year and will grow by another 10% in 2026.
          Meanwhile, Qatar is advancing plans to increase its LNG output capacity by 85% by 2030. This global expansion in LNG supply further cements Europe’s new energy architecture, reducing the strategic value of Russian gas. The correlation between rising LNG capacity and the stabilization of European markets is becoming more evident.

          Storage Resilience and Market Sentiment Signal Confidence

          Although European gas storage levels were slightly lower this year 77% as of November 25, compared to 87% in 2024 market sentiment remains positive. Record LNG imports, mild weather conditions, and easing geopolitical tensions have combined to bring gas prices down. The Dutch TTF benchmark dipped below €30/MWh this week, marking an 18-month low. This signals restored market confidence and illustrates a direct causal relationship between diversified LNG sourcing and price stability.
          TotalEnergies' decision to withdraw its floating storage and regasification unit (FSRU) at Le Havre, initially installed as a crisis response in 2022, further reflects confidence in supply adequacy. Investment data supports this optimism: for the first time since March 2024, investors have taken net short positions in TTF gas contracts, according to ING. This strategic positioning suggests broad market trust in Europe’s current energy mix, despite lingering winter uncertainties.

          Policy Alignment and Regulatory Adaptation

          Europe’s energy transformation also hinges on regulatory coordination. The Corporate Sustainability Due Diligence Directive (CSDDD), currently under review, is being amended to ensure it does not hinder LNG imports. This demonstrates the EU’s willingness to balance sustainability objectives with practical energy security needs. Such regulatory flexibility underscores a functional relationship between policy recalibration and the necessity to maintain uninterrupted energy access.
          Even if a Ukraine–Russia peace accord emerges, the landscape of European energy has already changed irrevocably. Political will, infrastructure reality, and market trends collectively point to a future where Russian gas plays a diminished, if not obsolete, role in Europe. The 2022 crisis created a break in historical dependency, fostering a new logic of resilience built around LNG diversification, infrastructural autonomy, and regulatory alignment.
          Thus, while diplomacy may reshape the security landscape, it is unlikely to undo the economic and strategic recalibrations Europe has undergone. The continent’s path toward energy independence now appears firmly entrenched driven not by temporary exigency but by enduring lessons from a prolonged crisis.
          To stay updated on all economic events of today, please check out our Economic calendar
          Risk Warnings and Disclaimers
          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
          Add to Favorites
          Share

          China's Humanoid Robotics Surge: Innovation Engine or Investment Bubble?

          Gerik

          Economic

          The Rise Of A Billion-Dollar Industry In The Making

          China is swiftly positioning itself at the forefront of the humanoid robotics revolution, as a vast number of companies from emerging startups to established automakers rush to enter the sector. Touted as the next transformative wave in automation, humanoid robots are being designed to take over repetitive, labor-intensive, and hazardous tasks, with ambitions extending into industrial applications, quality control, and logistics.
          This surge is not occurring in isolation. By 2024, China accounted for roughly 54 percent of global robot installations, signaling a dominant foothold in the global automation landscape. Analysts predict that the global humanoid robot market could reach a staggering $5 trillion by 2050, with China expected to command a significant portion of this value.

          Government-Backed Momentum And Investment Infrastructure

          Central to this rapid development is the Chinese government’s high-tech agenda. The National Development and Reform Commission (NDRC) has explicitly classified humanoid robotics as a strategic pillar of national innovation and industrial automation. In early 2025, the NDRC announced the establishment of a long-term venture capital fund, worth approximately 1 trillion yuan (about $137 billion) over two decades, targeting robotics, AI, and advanced technologies.
          This top-down approach has catalyzed a parallel wave of local-level support. Cities like Wuhan are launching their own funding schemes, including a dedicated humanoid robot investment fund valued at 1 billion yuan. These initiatives are not just promoting technological research but are also incentivizing commercial deployment and market expansion.

          Explosive Growth Fuels Market Saturation And Startup Pressure

          The number of humanoid robotics firms in China has climbed to over 150, more than half of which are startups or interdisciplinary ventures. Many are bolstered by aggressive marketing and external capital, with 108 investment deals in the first half of 2025 totaling $2.1 billion. Major international venture capital players like Sequoia and Hillhouse have also entered the fray, suggesting both local and global optimism.
          However, this growth has also triggered serious structural challenges. Numerous robot products hitting the market are alarmingly similar in design and functionality, raising fears about superficial innovation. This trend suggests a correlation between the volume of capital inflows and the replication of technologies rather than genuine differentiation, undermining long-term innovation capacity.

          Risks Of Hype And A Potential Investment Bubble

          The rhetoric around humanoid robotics in China has increasingly emphasized its transformative potential. Yet, practical application and widespread industrial adoption remain limited. While the technology is rapidly advancing, the market has not matured sufficiently to absorb the influx of products. This misalignment introduces a causal risk of a "startup bubble," where companies may collapse if their innovations fail to secure real-world demand or scale.
          Moreover, exaggerated media narratives and inflated valuations may distort public perception and policymaking, shifting focus from sustainable development to short-term gains. The NDRC itself has acknowledged the dangers of overheating in the market, warning that too many similar products and insufficient regulatory oversight could lead to stagnation or even regression in innovation.

          Balancing Vision With Realism In The Robotics Race

          China’s humanoid robotics sector is undoubtedly on a rapid upward trajectory, with unprecedented state support, ambitious private-sector involvement, and strategic vision. Nonetheless, unchecked growth, coupled with speculative investment and limited real-world integration, could destabilize the ecosystem.
          To transform this emerging industry into a stable and productive pillar of the economy, stakeholders must prioritize regulatory oversight, technological differentiation, and application-based scaling. Humanoid robotics may very well redefine the future of work, but for China to lead this shift sustainably, it must anchor its innovation strategy not in hype, but in long-term value creation and societal relevance.
          To stay updated on all economic events of today, please check out our Economic calendar
          Risk Warnings and Disclaimers
          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
          Add to Favorites
          Share

          The AI Revolution Must Face Real-World Scrutiny Before Fulfilling Its Promises

          Gerik

          Economic

          Global Hype, Local Impact: The Productivity Gap of AI

          The global race to dominate artificial intelligence, fueled by colossal investments and strategic state-level partnerships, has not yielded the promised economic gains. While some forecasts suggest AI could enhance global productivity by up to 30% annually, current data shows a stark contrast. Most economists agree that, even under favorable conditions, the actual productivity uplift remains around 1% per year. This mismatch between expectation and outcome highlights the urgent need for empirical validation before deeper commitment.
          McKinsey’s latest Global AI Survey found that nearly 80% of companies using generative AI have not experienced significant profit growth. However, investment continues to surge, concentrated in a handful of dominant firms such as Nvidia, which provides essential infrastructure for AI applications. This signals a disconnection between speculative capital flows and operational outcomes, suggesting a correlation not a causation between AI hype and economic results.

          From Innovation to Political Symbolism: AI as a National Project

          Companies like OpenAI, Microsoft, and Nvidia are increasingly leveraging national governments to share the financial burden of AI infrastructure. In October, Nvidia’s Jensen Huang met with Korean officials and industry giants Samsung and SK Hynix to establish national AI infrastructure. Similarly, Anthropic's Dario Amodei formalized a partnership with Japan’s government and opened an office in Tokyo, affirming Japan’s strategic role in their development plans.
          These diplomatic moves demonstrate that AI is no longer just a technological race but has transformed into a geopolitical contest over innovation leadership. OpenAI's letter to the US government asking for massive energy investments to support data centers further exemplifies this strategic repositioning. The shift in responsibility from private firms to public institutions reveals an evolving relationship, though it lacks strong evidence that such alliances will yield proportional economic returns.

          AI's Practical and Ethical Pitfalls: A Technology Still in Progress

          Despite its transformative potential, current AI systems remain fallible. They are prone to errors, may produce harmful outputs, and risk compromising user privacy. These risks are particularly acute for vulnerable populations and raise critical questions about governance and accountability. Cybercriminals have already exploited generative AI for ransomware development, making digital threats more difficult to detect and contain.
          These concerns are not merely theoretical. They reflect a cause-effect relationship between the unregulated acceleration of AI deployment and the amplification of security vulnerabilities. Without robust safeguards, the societal costs could outweigh the anticipated benefits.

          Japan’s Conservative Stance Versus OpenAI's Bold Blueprint

          OpenAI’s "AI in Japan: An Economic Blueprint" proposes a strategy to inject over 100 trillion yen (approximately $638 billion) into the Japanese economy. The plan emphasizes inclusive digital infrastructure, investment in data centers, and education. However, critics such as Nihon Cyber Defence advisor Sergiy Korsunsky warn that this vision clashes with Japan’s historically cautious approach to innovation.
          Japan’s aging population and limited energy resources especially as data centers consume vast electricity present significant constraints. Without large-scale nuclear restarts or renewable capacity expansion, the proposed blueprint may overreach. Moreover, rapid digitization without clear societal buy-in risks alienating citizens rather than empowering them. This demonstrates a potential mismatch between AI expansion models and national development realities, suggesting a lack of causality between investment size and social acceptance.

          Racing Ahead Without a Map: Investment Versus Technological Maturity

          One of the starkest contradictions lies in the speed of capital injection versus the actual technological maturity of AI. While firms pitch trillion-dollar infrastructure needs as GDP growth drivers, many governments risk diverting critical resources from essential services such as climate adaptation, education reform, or healthcare modernization based on speculative return scenarios.
          Anthropic's principle that technology should enhance rather than replace human capabilities reflects a more grounded, ethical vision of AI's role. Still, without tangible value creation and inclusive participation, public skepticism is likely to grow. When citizens feel excluded from technological change, the entire model becomes unsustainable regardless of the money behind it.

          Building an AI Future That Serves Humanity

          The current AI boom must undergo a reality check. Ambitious projections and high-profile diplomatic missions cannot substitute for demonstrated impact on productivity, equity, or public trust. For AI to succeed beyond the lab and boardroom, its development must be shaped by ethical standards, social needs, and transparent accountability.
          Only through such recalibration can the AI revolution return to its core mission: to expand human creativity, eliminate inefficiencies, and support a future where technology is not an end but a means to a more inclusive and thoughtful society.
          To stay updated on all economic events of today, please check out our Economic calendar
          Risk Warnings and Disclaimers
          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
          Add to Favorites
          Share

          Nexperia Crisis Rattles Global Chip Supply Chain, Exposes Deep Vulnerabilities in Auto Industry

          Gerik

          Economic

          Internal Dispute at Nexperia Escalates into Global Supply Shock

          What began as a legal dispute over corporate control at Nexperia an essential supplier of low-end automotive semiconductors has spiraled into a full-blown crisis with global industrial consequences. The conflict between the Netherlands and China’s Wingtech, which acquired Nexperia in 2019, has led to halted chip shipments, production slowdowns, and forced contingency planning across the global auto sector.
          Despite diplomatic gestures by the Dutch government to ease tensions, including the temporary suspension of special supervisory powers over Nexperia, the company claims it still faces unresponsiveness from its Chinese counterpart and unresolved logistical blockages. In an open letter on November 27, Nexperia warned that car manufacturers risk imminent production halts due to supply shortages.

          Fragile Communications and Mounting Distrust

          The breakdown in communication between Nexperia Netherlands and its Chinese branches illustrates how governance disputes can trigger systemic risks when supply chains depend on tight, cross-border coordination. A week prior to the letter, China had eased certain export restrictions on chips produced in its Guangdong facility. However, Nexperia insists this amounted to only a partial exception, not a full resolution.
          To maintain limited operations, Nexperia has resorted to stopgap measures such as directly selling wafers to clients and fast-tracking plans to expand production capacity outside China by 2026. The company's globalized production model where wafers are manufactured in Europe, assembled in Asia, and re-exported has proven vulnerable to any political or operational bottleneck.

          A Governance Dispute with Geopolitical Overtones

          Tensions publicly erupted in mid-November after the Dutch government, invoking Cold War-era legislation, asserted veto power over Nexperia's strategic decisions, citing concerns that then-CEO Zhang Xuezheng founder of Wingtech was transferring company assets in ways misaligned with European interests. Zhang was subsequently suspended by a court in Amsterdam in October.
          China responded by restricting exports from Nexperia’s Guangdong plant, which previously accounted for nearly half of its total output. These retaliatory measures triggered immediate ripple effects across global supply chains, particularly in the automotive sector where Nexperia’s chips though low-end are essential for functions like power steering, windows, and climate control.

          Automakers Hit Hard, Seek Alternatives

          Major automakers have already begun to feel the impact. Honda suspended operations at certain plants and revised down profit forecasts. German suppliers ZF Friedrichshafen and Bosch scaled back output, while BMW and Volkswagen activated emergency sourcing teams. Prices for low-end chips have surged on spot markets.
          Faced with this volatility, European manufacturers are now pressing suppliers for alternatives that bypass China entirely a sign of a deeper strategic shift rather than a short-term fix. The structural dependency on Chinese manufacturing, particularly for standard components, has become a red-flag issue for supply chain strategists.

          Structural Exposure and Long-Term Risk

          Nexperia controls over 20% of the global market for its chip category, according to Omdia. Although alternatives exist in the US and Japan, replacing Nexperia is not a simple task. New chip designs must be validated, production lines reconfigured, and safety standards reapproved a process that could take years.
          European suppliers now face the harsh reality of dual dependencies: on Chinese batteries and rare earth magnets, as well as Chinese-assembled low-end chips. This convergence of strategic exposure comes as US-China tensions continue to rise, pushing global supply chains into bifurcation.

          Industry Leaders Sound the Alarm

          Industry leaders are warning that the Nexperia dispute is not an isolated incident but symptomatic of deeper fragility. Christophe Fouquet, CEO of Dutch lithography giant ASML, described the semiconductor ecosystem as “highly fragile,” with the Nexperia situation accelerating conflict faster than anticipated. German chipmaker Infineon acknowledged that global semiconductor value chains are splitting along geopolitical lines, leaving Europe in a precarious middle ground.
          CLEPA Chair Matthias Zink noted that what once seemed like a temporary hurdle has evolved into a structural threat, with long-term implications for Europe’s industrial competitiveness.

          Strategic Wake-Up Call for Europe

          The Nexperia crisis has laid bare the vulnerabilities of Europe’s reliance on Chinese-linked semiconductor production for even the most basic automotive components. With judicial interventions, cross-border power struggles, and retaliatory export controls compounding supply risks, the continent is being forced to reassess its position in the global semiconductor value chain.
          While diplomatic dialogue between The Hague and Beijing has resumed, the damage to industrial confidence is already done. Automakers are moving aggressively to reconfigure supply strategies, and Nexperia’s future as a reliable player remains in doubt. Most crucially, the crisis has catalyzed Europe’s reckoning with its overexposure to geopolitical chokepoints at a time when the US and China continue to decouple strategically.
          What was once a technical supply chain dispute has become a defining moment in Europe's industrial autonomy debate one that will shape policy, investment, and strategic alliances for years to come.
          To stay updated on all economic events of today, please check out our Economic calendar
          Risk Warnings and Disclaimers
          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
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          Kremlin Acknowledges Receipt of Revised Ukraine Peace Plan, Signals Cautious Engagement

          Gerik

          Economic

          Moscow Receives Modified Peace Proposal from Washington

          On November 28, Kremlin spokesperson Dmitry Peskov confirmed that Russia had received an updated version of a proposed peace plan aimed at resolving the ongoing conflict in Ukraine. While refraining from disclosing specifics, Peskov stated that the “key parameters” had been delivered and that the Russian government would begin internal discussions in the coming week.
          This development comes after initial drafts reportedly originating from Washington faced rejection from Kyiv and its European allies, prompting a revision of the original document. The revised version is believed to soften or remove several controversial conditions, though official confirmation of those changes remains pending.

          Contentious Elements Triggered Demands for Revisions

          Leaked versions of the initial plan proposed three contentious stipulations: that Ukraine abandon its aspirations to join NATO, withdraw from territories in Donbass still under Kyiv's control but claimed by Russia, and cap its military at 600,000 troops. These provisions were seen as heavily skewed toward Moscow’s strategic interests.
          Feeling sidelined, Ukraine, the EU, and the UK reportedly pushed back, urging the US to revise the proposal. A diplomatic session was held in Geneva on November 23 to rework the plan, with US negotiators coordinating with European partners. The resulting amended version is now under review in Moscow.

          Russia Warns Against 'Megaphone Diplomacy'

          Speaking cautiously, Peskov reiterated the Kremlin's rejection of what it calls "megaphone diplomacy," a term it uses to criticize Western public pressure tactics. He declined to speculate on whether the United Nations or other nations might be asked to formally recognize elements of the plan, stating that such decisions would be determined in later stages of negotiation.
          This stance underscores Russia’s preference for confidential, backchannel talks over public negotiations an approach contrasting sharply with the EU’s more transparent and media-visible style of diplomacy.

          Moscow Welcomes Original Framework, Criticizes EU Meddling

          Russia had previously expressed cautious approval of the original US proposal, calling it a potential basis for peace. However, the Kremlin has also accused EU members of distorting Washington's draft to suit their own agendas, thereby undermining the negotiation process. This reflects a broader geopolitical rift within the Western bloc over how best to end the war.
          On November 27, President Vladimir Putin remarked that intra-Western disagreements were a key obstacle to peace. He further claimed that any treaty with Ukraine would currently be “legally impossible,” citing the expiration of President Volodymyr Zelensky’s term and the absence of new elections due to martial law.

          Kremlin Questions Zelensky's Legitimacy, But Not Peace Itself

          According to Peskov, Putin’s statement on Zelensky's legitimacy referred to the “de facto situation” in Ukraine. While Russia questions the legal standing of Zelensky’s presidency, Peskov clarified that Moscow still prioritizes peace and remains open to negotiation if a viable framework can be established.
          This reveals a strategic paradox: Russia is simultaneously dismissing the current Ukrainian leadership’s legal status while expressing willingness to negotiate perhaps as a signal to the West that any final settlement must bypass or replace the Zelensky administration.

          Talks in Moscow, Envoy from Washington

          Peskov confirmed that Steve Witkoff, an envoy of former US President Donald Trump, will visit Moscow in the coming days to discuss the revised plan. This indicates ongoing high-level engagement and suggests that despite the political complexities, momentum toward negotiation remains alive.
          Russia’s acknowledgment of the revised peace proposal marks a tentative step forward, though the path to resolution remains fraught. Disagreements over territorial sovereignty, military posture, and leadership legitimacy continue to divide the negotiating parties.
          Nevertheless, the Kremlin’s decision to engage in private discussions rather than dismiss the plan outright suggests a cautious but deliberate search for a diplomatic off-ramp. The coming weeks will likely reveal whether this opening leads to genuine progress or simply reinforces entrenched divides.
          To stay updated on all economic events of today, please check out our Economic calendar
          Risk Warnings and Disclaimers
          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
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          EU Launches 'Pact for the Mediterranean' to Boost Regional Stability and Development

          Gerik

          Economic

          A Strategic Milestone in EU-Mediterranean Relations

          On November 28 in Barcelona, the European Union, alongside its ten Southern Mediterranean partners, formally unveiled the Pact for the Mediterranean, a comprehensive regional cooperation framework aimed at reinvigorating Euro-Mediterranean relations. The pact comes amid a backdrop of geopolitical shifts, humanitarian crises, and growing regional instability, particularly in areas like Gaza and post-Assad Syria.
          This initiative represents the most ambitious update to the EU’s Mediterranean policy in decades, signaling a renewed commitment to shared prosperity and stability across one of Europe’s most strategically important neighboring regions.

          Leadership Highlights Shared Vision of Peace and Prosperity

          The event was co-chaired by EU High Representative for Foreign Affairs and Security Policy Kaja Kallas and European Commissioner for the Mediterranean Dubravka Suica, with ministers and delegates from across Europe and North Africa in attendance. In her remarks, Kallas emphasized the Mediterranean's elevated role in the EU's external agenda, calling it “more prominent than ever,” particularly as Europe navigates the complex aftermath of political transitions in the Middle East.
          She stressed that the pact is centered on partnerships, underpinned by mutual ownership, co-creation, and shared responsibility. Over €1 billion in EU investments will support more than 100 targeted initiatives, ranging from economic development and education to climate adaptation and regional security.

          Designing a Shared Framework for the Future

          The Pact, first announced in October, was developed through extensive consultations with Mediterranean governments, UN agencies, regional organizations, and civil society. It is envisioned as a long-term cooperative mechanism to address cross-border challenges such as migration, climate change, and youth unemployment through integrated action and inclusive governance.
          Commissioner Suica described the launch as “a reaffirmation of the promise of a shared Mediterranean space,” one where collective action becomes a cornerstone for regional renewal. She underscored the pact’s ability to unlock new momentum in human development and sustainability, citing it as a pivotal step in advancing Mediterranean stability and inclusiveness.

          Institutional Support from the Union for the Mediterranean

          Following the launch, the 10th Regional Forum of the Union for the Mediterranean (UfM) convened to discuss implementation pathways. UfM was recognized as a key delivery partner, given its extensive network and experience in coordinating regional projects.
          To commemorate 30 years of the Barcelona Process, ministers endorsed a refreshed strategic vision for the EU-Mediterranean Partnership. This includes a more action-oriented role for UfM in translating the Pact’s ambitions into tangible outcomes through joint project management and policy alignment.

          Roadmap and Next Steps

          Once formally approved by the Southern Mediterranean partners, the Pact will be presented to EU leaders for endorsement at the upcoming December summit. The EU is also preparing a dedicated action plan, expected in early 2026, that will detail stakeholder responsibilities, financing mechanisms, and the operational timeline for each initiative under the Pact.
          This roadmap aims to bring clarity and momentum to the partnership, allowing for faster deployment of funds and more coordinated project delivery across the Mediterranean basin.

          A Pivotal Step Toward a Resilient Euro-Mediterranean Future

          The Pact for the Mediterranean marks a strategic realignment of EU foreign policy, tailored to a region undergoing profound transformation. By embedding principles of co-ownership and joint responsibility, the Pact aims to transform a historically fragmented space into one of integrated growth and collective resilience.
          As the EU confronts rising global instability, the Mediterranean emerges not just as a buffer zone, but as a critical frontier for diplomacy, development, and durable peace. The successful implementation of this Pact could redefine Europe’s southern engagement for the next generation.
          To stay updated on all economic events of today, please check out our Economic calendar
          Risk Warnings and Disclaimers
          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
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          United States Suspends All Visas for Afghan Nationals Following White House Shooting

          Gerik

          Political

          Visa Freeze for Afghans Marks Escalation in Security Policy

          On November 28, US Secretary of State Marco Rubio announced an immediate suspension of visa issuance for all Afghan citizens. The decision came just two days after a fatal shooting near the White House, in which an Afghan man opened fire on National Guard officers, resulting in the death of a 20-year-old female soldier and serious injury to her male colleague.
          This marks one of the most sweeping immigration actions taken by the US government in recent years in direct response to a single security incident, highlighting the administration's prioritization of public safety in the face of potential domestic threats.

          Shooting Incident Triggers Security Overhaul

          The attack occurred on November 26 when the suspect, armed with a handgun, shot two National Guard officers on duty near the presidential residence. The female officer, Sarah Beckstrom, succumbed to her injuries on November 28, while the second officer remains in critical condition.
          In the aftermath, the Federal Bureau of Investigation (FBI) classified the incident as a potential act of terrorism and launched a full-scale investigation. Though detailed motives remain undisclosed, the attack has triggered swift and comprehensive policy responses from multiple government agencies.

          Visa and Immigration Processing Halted Indefinitely

          The US Citizenship and Immigration Services (USCIS) also issued a notice suspending all immigration-related applications for Afghan nationals until further notice. This includes asylum claims, family reunification requests, and special immigration visas (SIVs), many of which had previously been granted to Afghan allies and refugees following the 2021 US withdrawal from Afghanistan.
          The Department of State emphasized that “all necessary steps” are being taken to safeguard national security and public safety, suggesting that the visa freeze may remain in effect until the FBI concludes its investigation or broader policy reviews are completed.

          National Security Implications and Backlash Concerns

          This policy shift is likely to draw international attention and criticism from human rights organizations, particularly as many Afghan nationals awaiting immigration approvals are former US allies, vulnerable individuals, or family members of those already relocated.
          While the Biden administration had previously emphasized humanitarian pathways for Afghan refugees, this incident may shift the domestic political balance toward more stringent immigration controls, particularly under pressure from lawmakers citing security risks.
          The causal link between the isolated incident and the broader visa ban raises concerns about collective punishment, as critics may argue that the actions of a single individual should not justify blanket restrictions on an entire nationality. Nevertheless, the government’s response reflects a zero-tolerance stance in the wake of what it perceives as an immediate threat to homeland security.

          A Temporary Measure or a Policy Precedent?

          The suspension of visas and immigration processing for Afghan citizens represents a stark policy turn driven by an unfolding security crisis. As investigations continue, the US faces a dilemma between safeguarding national security and maintaining its humanitarian commitments, particularly to Afghan individuals who supported American efforts over the past two decades.
          Whether this suspension proves temporary or becomes a precedent-setting policy will depend on the investigation’s outcome, political pressures, and evolving assessments of security risks associated with immigration.
          Risk Warnings and Disclaimers
          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
          Add to Favorites
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