There was no deal when U.S. President Donald Trump met his Russian counterpart Vladimir Putin on Friday.
That was not sudden. The summit, which was initially organized to debate a ceasefire to Moscow’s struggle in Ukraine, was on Tuesday reframed by White House Spokesperson Karoline Leavitt as a “listening exercise” that allowed Trump to get a “better understanding of how we can hopefully bring this war to an end.”
Prior to the summit, analysts had been already casting doubt on the talks advancing any actual ceasefire in Ukraine.
“Let’s be clear, Putin does not take Trump seriously,” Tina Fordham, founding father of Fordham Global Foresight, told CNBC.
And the truth that the summit was scheduled — and Putin invited to Alaska, the primary time he stepped on U.S. soil in a few decade — was already a “big win” for the Kremlin chief, in accordance with a comment by Richard Portes, head of the economics school on the London Business School, earlier than the assembly occurred.
While no settlement was reached, Trump on Friday described the assembly as “very productive” — and introduced the subsequent day that he could be pursuing a “peace agreement” somewhat than a ceasefire between Russia and Ukraine.
But peace means very various things to the Ukraine, Russia and America. To one, it could possibly be the complete halt of armed warfare and the retreat of overseas troops from its soil. To one other, it would seem like acquiring annexed territory. And for some, it would look like a shiny golden coin engraved with the profile of Alfred Nobel, whatever the stipulations.
What you have to know at this time
Trump calls on Ukraine to ‘finish the struggle with Russia.’ The U.S. president on Sunday said that Ukrainian President Volodymyr Zelenskyy can both cease the battle or “continue to fight.” Putin has agreed that the U.S. and European nations may give Ukraine “Article 5-like” security guarantees, the White House stated.
OpenAI in share gross sales discuss that might worth it at $500 billion. The shares could be bought by present and former workers to investors including SoftBank, Dragoneer Investment Group and Thrive Capital, in accordance with a supply.
The Dow Jones Industrial Average outperforms. Major inventory indexes ended Friday blended, with the Dow Jones Industrial Average rising a fractional 0.08%. Asia-Pacific markets mostly rose Monday. China’s CSI 300 hit its highest degree since October 2024.
A visit by U.S. commerce officers to India has been known as off. The go to, which was anticipated to happen between Aug. 25 and Aug. 29, will likely be rescheduled, in accordance with Indian information broadcaster NDTV Profit.
[PRO] Fedspeak to parse for the week. Minutes for the U.S. Federal Reserve’s August assembly come out Wednesday, whereas Fed Chair Jerome Powell will communicate at Jackson Hole, a symposium of financial coverage, on Friday. They might give clues on policy path.
And lastly…
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