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Swiss Foreign Minister Ignazio Cassis urged Moscow to end the war in Ukraine during a UN Security Council meeting, emphasizing the urgent need to silence weapons after 1,000 days of conflict. He expressed concern over recent attacks on Ukraine"s energy infrastructure and highlighted the risks posed by North Korean soldiers supporting Russia. Cassis also called for a ceasefire in Gaza and reiterated the importance of a two-state solution for peace in the Middle East.
Satellite images reveal that Russia is significantly expanding its solid-fuel missile production capabilities at five complexes, indicating a strategic push to bolster its military efforts in Ukraine. This expansion comes amid labor shortages and challenges in sourcing materials due to Western sanctions. Analysts suggest that increased production will support the ongoing conflict without reliance on external suppliers like North Korea.
During a meeting at the APEC Summit in Lima, Xi Jinping urged President Biden to maintain stable U.S.-China relations, emphasizing the importance of cooperation amid concerns over the incoming Trump administration's protectionist policies. Biden highlighted the significance of candid dialogue to prevent miscalculations and conflict, while also pressing Xi to influence North Korea's actions amid rising tensions. The leaders discussed various issues, including China's support for Russia and cybersecurity threats, as they navigated a complex geopolitical landscape.
North Korea's Foreign Minister Choe Son Hui visited Moscow amid reports of Pyongyang deploying about 10,000 troops to support Russia in the Ukraine conflict. Choe expressed North Korea's backing for Russia's military efforts, while concerns grow over potential military technology exchanges that could enhance North Korea's nuclear capabilities.
President Zelenskiy’s chief of staff, Andriy Yermak, met with U.S. officials Jake Sullivan and Antony Blinken to discuss military assistance for Ukraine, the involvement of North Korean troops in the conflict, and strategies to increase pressure on Russia and its allies. Yermak emphasized the importance of Ukraine’s Victory Plan and the implementation of the Peace Formula, while Blinken reaffirmed U.S. support for Ukraine’s sovereignty amid ongoing aggression from Russia, highlighting over $50 billion in military aid provided since 2022.
UBS maintains an 'attractive' rating for gold, forecasting prices to reach USD 2,850/oz by March 2025, driven by central bank easing, geopolitical tensions, and a weakening US dollar. The demand for gold is bolstered by significant central bank purchases and a shift in investment strategies towards gold as a hedge against political volatility. As interest rates decline, a diversified portfolio with a 5% gold allocation is recommended to mitigate risks.
Gold prices have reached a record high above USD 2,758/oz, marking a 32% increase this year, driven by central bank easing, US election uncertainty, and ongoing geopolitical conflicts. With expectations of further Federal Reserve rate cuts and continued central bank diversification into gold, prices are projected to approach USD 2,850/oz by March 2025. Investors are advised to maintain a diversified portfolio with a 5% allocation to gold, leveraging its hedging qualities amid a declining interest rate environment.
At the Brics summit in Kazan, leaders from diverse nations, including autocrats, gathered to promote a "fairer" world order, yet produced a final declaration filled with vague promises and no concrete actions, particularly regarding Russia's war in Ukraine. Despite the lack of progress on key issues like de-dollarization and a new payment system, Putin celebrated the event as a propaganda success, with the UN Secretary-General participating without reproach. The summit's rhetoric highlighted a desire for a multipolar world while ignoring the democratic failures of its leaders.
The healthcare industry has reached a wage proposal agreement, while Israel intensifies its military actions against Hizbullah in Lebanon, leading to a worsening humanitarian crisis. In other news, the Swiss Farmers' Association supports expanding national roads despite the loss of cultivated land, and entrepreneur Roberto Martullo is set to acquire the shoe manufacturer Künzli, with the transition overseen by previous owner Barbara Artmann until mid-2025.
At the Brics summit in Kazan, President Putin aims to showcase Russia's geopolitical relevance and foster a new world order devoid of Western dominance, despite ongoing sanctions from the Ukraine conflict. The summit, attended by over twenty heads of state, emphasizes Russia's role as a partner in a coalition that includes China, India, and other nations, while promoting initiatives like the proposed Brics Bridge payment system. However, the alliance's diverse interests and lack of clear objectives raise questions about its effectiveness as a counterweight to the West.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
wiss foreign minister urges end to ukraine war at un security council
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