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Microsoft subsidiary in Russia plans to file for bankruptcy

A Microsoft subsidiary in Russia is set to file for bankruptcy, as noted in the Fedresurs registry. This development follows President Vladimir Putin's remarks advocating for the throttling of foreign service providers like Microsoft and Zoom to promote domestic software solutions. Despite continuing key services after the invasion of Ukraine, Microsoft announced a significant scaling back of operations in June 2022.

Turkey Secures Austrian Bank for Russian Gas Payments Amid Sanctions Challenges

Turkey has secured a method to continue paying for Russian natural gas imports, utilizing Austria's Raiffeisen Banking Group after US sanctions on Gazprombank expired. This workaround allows Turkey to process payments through a subsidiary in Russia not affected by sanctions, with US approval.Additionally, Turkish Foreign Minister Hakan Fidan is set to visit Russia for talks with high-level officials, including President Vladimir Putin, focusing on enhancing bilateral relations in trade, energy, and tourism.

Swiss stock market rises as UBS faces pressure from potential capital requirements

The Swiss stock market continued its upward trend, with the SMI rising 0.5% to 12,420 points, fueled by optimism over potential trade deals and peace talks regarding Ukraine. Sika led the blue-chip gains with a 1.9% increase, while UBS faced pressure amid concerns over stricter capital requirements. VAT Group's shares fell 2.6% as it revised its sales growth outlook for 2025-2029.

Swiss stock market rises as UBS faces pressure from potential capital requirements

The Swiss stock market continued its upward trend, gaining 0.5% to 12,420 points, fueled by optimism over potential trade deals and peace talks regarding Ukraine. Sika, Novartis, and Roche saw gains, while UBS faced pressure amid concerns over stricter capital requirements. VAT Group's shares fell 2.6% as it revised its sales growth outlook for 2025-2029.

DAX surpasses 24000 points amid hopes for peace and trade easing

The DAX has surged past the 24,000-point mark for the first time, driven by optimism surrounding potential peace talks between Ukraine and Russia and easing trade tensions. The upcoming Ifo business climate index and purchasing managers' figures are anticipated to provide further economic insights.

FTSE approaches record high as European markets rally on UK EU deal

European equity markets are experiencing a third consecutive session of gains, driven by strong corporate earnings and a significant UK-EU agreement aimed at improving post-Brexit relations. While optimism grows, President Trump's recent call with Putin did not yield a ceasefire deal, although further talks are planned. Key economic data, including UK inflation and purchasing managers' indices, is set for release this week, influencing market expectations.

microsoft adds elon musk's grok ai model to cloud services

Microsoft is integrating Elon Musk's Grok AI model into its cloud services, expanding its offerings to developers and businesses. This move aims to position Microsoft as a competitive alternative to OpenAI and other tech giants. Additionally, at its Build conference, Microsoft unveiled a new GitHub coding agent and the NLWeb project for creating AI-powered web interfaces.

russian spies allegedly targeted elon musk with influence tactics

A former FBI counterintelligence agent claims that Russia's GRU targeted Elon Musk through personal vulnerabilities related to sex and drugs, allegedly with President Putin's approval. The operations aimed to collect compromising material to influence Musk and other tech leaders, highlighting a modern evolution of espionage tactics. Despite the serious allegations, the credibility of the claims remains under scrutiny, especially as the agent faces legal issues for leaking classified information.

Russian intelligence allegedly targeted Elon Musk for exploitation and blackmail

Former FBI agent Jonathan Buma claims that Russia's GRU targeted Elon Musk for exploitation, leveraging his vulnerabilities to potentially blackmail him. Buma noted that Musk's lifestyle choices, including drug use and connections to the rave scene, were seen as opportunities for Russian intelligence. Musk has reportedly been in contact with Putin since 2022, while his popularity in the U.S. has declined amid controversies surrounding his support for Ukraine and his role in the Trump administration.

us and china agree to lower tariffs amid ongoing trade talks

The S&P 500 rose following a US-China agreement to lower tariffs for 90 days, with the US cutting tariffs on Chinese goods to 30% from 145%, and China reducing its tax on US imports to 10% from 125%. US Treasury Secretary Scott Bessent noted both nations aim to avoid decoupling, while ongoing discussions could lead to a more durable deal. Despite challenges ahead, investors are optimistic about potential market opportunities during this cooling-off period.

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