Author: FOX 24 US

Russia and Ukraine concluded a second round of negotiations in Istanbul without achieving a ceasefire agreement, although both sides agreed to a new prisoner exchange. The talks, which lasted about an hour, came amid intensified fighting and a bold Ukrainian aerial strike on Russian territory. The Russian delegation presented a peace proposal that included demands for Ukraine to cede control of territories it still holds in four partially occupied regions. In contrast, Ukraine called for an unconditional and nationwide truce, said Ukrainian Defense Minister and chief negotiator Rustem Umerov. Russia countered with an offer for a limited 2–3-day ceasefire along…

A nationalist candidate backed by former U.S. President Donald Trump has won Poland’s presidential election, dealing a blow to centrist forces and complicating Prime Minister Donald Tusk’s efforts to realign the country more closely with the European Union. Karol Nawrocki, a conservative historian and political newcomer, secured 50.9% of the vote in Sunday’s runoff, narrowly defeating centrist Warsaw mayor Rafal Trzaskowski, who garnered 49.1%, according to official results announced Monday. Nawrocki’s win ensures continued influence for the right-wing Law & Justice party over the presidency, even as Tusk’s pro-EU coalition governs the parliament. The outcome underscores deep divisions in Polish…

The administration of U.S. President Donald Trump is pushing for a phone call between Trump and Chinese President Xi Jinping this week, in an effort to ease rising trade tensions between the world’s two largest economies. According to a Trump administration official who spoke on condition of anonymity, no date has been confirmed for the call, and it remains uncertain whether it will take place. CNBC had earlier reported the White House’s expectations regarding the potential conversation. The Chinese Embassy in Washington has not responded to requests for comment. This move comes as both sides exchange accusations of violating a…

JPMorgan Chase & Co. is seeking investors for a $1.89 billion first-lien loan for Trucordia, a Utah-based insurance brokerage, marking another instance of Wall Street banks stepping in to refinance debt originally issued through private credit channels. The new financing effort reflects a growing trend in which major banks offer more attractively priced first- and second-lien loan structures to replace costlier private credit deals. According to sources familiar with the matter, the JPMorgan-led refinancing aims to replace Trucordia’s previous private loan package, which carried an interest rate of 5.5 percentage points over the benchmark rate. Private credit firms including BlackRock…