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Vladimir Putin by firing American and British long-range missiles into Russia. In response, Russia fired a nucelar-capable missile into Ukraine, the first such attack in the war. Russia blames the West for the recent escalation as the US and the UK have permitted Ukraine to fire their missiles into Russia, something Russia considers crossing of a red line. The US blames Russia for escalation. It says it allowed Ukraine to use its long-range ATACMS missiles because Russia has started fielding North Korean troops. No doubt, the war is escalating after several occurrings in rapid succession, including Putin lowering Russia's nuclear threshold. However, with Donald Trump set to take over as the President of the US after two months, the conflict is likely to resolve since he has said he would end the war.

Wall Street's main indexes had a subdued start on Friday as investors awaited a business activity survey and monitored geopolitical tensions between Ukraine and Russia. The Dow Jones Industrial Average rose 1.3 points at the open to 43,871.63.

Cyprus’ energy minister says ExxonMobil could partner up with a consortium composed of Eni of Italy and Total of France to jointly develop gas deposits they’ve discovered close to each other off the island nation’s southern coast

Subscribe to enjoy similar stories. SEOUL—North Korean leader Kim Jong Un appeared to rebuff the prospect of reviving his nuclear diplomacy with President-elect Donald Trump, according to his first public remarks about disarmament talks since the election. North Korea’s state media reported Friday that the 40-year-old dictator called the U.S.

Asian stock rise following gains on Wall Street after market superstar Nvidia and other companies said they’re making even fatter profits than expected

foreign portfolio outflows. The US dollar strengthened in the overseas market and Brent oil continued to move up as fighting between Ukraine and Russia continued to gain investors' attention. Moreover, foreign institutional investors have continued their equities selling mode and kept the dollar well bid.

Dnipro: Russian President Vladimir Putin said Thursday that the conflict in Ukraine had characteristics of a «global» war and did not rule out strikes on Western countries. The Kremlin strongman spoke out after a day of frayed nerves, with Russia test-firing a new generation intermediate-range missile at Ukraine — which Putin hinted was capable of unleashing a nuclear payload. Ukraine's President Volodymyr Zelensky branded the strike a major ramping up of the «scale and brutality» of the war by a «crazy neighbour», while Kyiv's main backer, the United States, said that Russia was to blame for escalating the conflict «at every turn».

Russia’s third largest bank, Gazprombank and its six foreign subsidiaries were hit with U.S. sanctions on Thursday

North Korea and Russia reached a new agreement for expanding economic cooperation at talks in Pyongyang this week

Vladimir Putin said that Russia has tested a new intermediate range missile in a strike on Ukraine on Thursday, and he warned that Moscow could use it against countries that have allowed Kyiv to use their missiles to strike Russia. Putin said in a nationwide TV address that the Russian strike on Ukraine on Thursday came in response to Ukrainian strikes on the Russian territory with U.S. and British missiles earlier this week. The Russian leader declared that Russia would issue advance warnings before strikes on other countries to allow civilians to evacuate to safety.

Treasury Secretary Janet Yellen said the sanctions targeting Russia's largest remaining non-sanctioned bank would further diminish Russia's military effort and «will make it harder for the Kremlin to evade U.S. sanctions and fund and equip its military.» In addition, more than 50 internationally connected Russian banks, 40 Russian securities registrars, and 15 Russian finance officials were hit with sanctions.

Russia-Ukraine war completes 1,000 days, it is veering into dangerous territory. While Donald Trump waits in the wings to take over the presidency, the Biden administration, as well as the UK, have allowed Ukraine to hit deep inside Russia with long-range missiles provided by both the countries. Russian President Vladimir Putin had earlier drawn a red line over long-range strikes into Russia with American and British missiles. He had said Ukraine is incapable of launching NATO-provisioned long-range missiles without obtaining targeting data and assistance from the US and its allies, which would mean any such attack would involve the West. In the past few days, a series of developments has brought back the fears of a wider conflict which many apprehend can even turn into a nuclear conflict. The latest is Russia firing an intercontinental ballistic missile (ICBM) from the Astrakhan region on Thursday into Ukraine, marking the first use of such a weapon in the 33-month-long war, according to Ukraine's air force. How quick moves are escalating Russia-Ukraine war

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A supplier of fuel for nuclear power plants has announced a $60 million expansion in Tennessee, promising more manufacturing of high-tech centrifuges there to enrich uranium

Kyiv said earlier on Thursday that Russia had launched an intercontinental ballistic missile during an attack on the city of Dnipro. Russian Telegram channels said Russia had attacked what is known in Ukraine as the missile and space rocket company Pivdenmash, which is headquartered in Dnipro.

Subscribe to enjoy similar stories. A Chinese ship that sailed over two severed data cables in the Baltic Sea around the time they were cut has been stopped by the Danish navy as part of an international investigation into what police say is a possible act of sabotage.

Subscribe to enjoy similar stories. Some countries have greeted Donald Trump’s election with despair. In India, the dominant feeling is hope.

This year, Russian missile attacks have knocked out about 50% of Ukraine's power generation, a major threat as winter looms

The Czech Defense Ministry says it's planning to buy 14 Leopard 2A4 tanks from Germany in a deal worth about $167 million

Gaza, accusing council members of cynically rejecting attempts at reaching a compromise. The 15-member council voted on a resolution put forward by its 10 non-permanent members in a meeting that called for an «immediate, unconditional and permanent ceasefire» and separately demand the release of hostages. Only the U.S. voted against, using its veto as a permanent council member to block the resolution.