Business
Trump threatens ‘severe consequences’ if Putin blocks Ukraine peace
- Trump says he could meet Putin and Zelensky after Alaska meeting.
- Says he had very good phone conversation with Ukraine leader.
- Macron says Trump agreed Ukraine must be involved in talks.
WASHINGTON/BERLIN: US President Donald Trump has warned that Vladimir Putin will face “severe consequences” if he stands in the way of a peace deal for Ukraine.
Speaking ahead of their meeting in Alaska on Friday, Trump said he hopes the talks will move things forward – but made it clear he is ready to act if they fail.
Trump also said on Wednesday that a meeting between the pair could swiftly be followed by a second that included the leader of Ukraine.
Trump did not specify what the consequences could be, but he has warned of economic sanctions if a meeting between himself and President Putin in Alaska on Friday proved fruitless.
The comments by Trump and the mood music after a virtual meeting of Trump, European leaders and President Volodymyr Zelensky could provide some hope for Kyiv after fears the Alaska meet could sell out Ukraine and carve up its territory.
However, Russia is likely to resist Ukraine and Europe’s demands strongly and previously said its stance had not changed since it was set out by Putin in June 2024.
When asked if Russia would face any consequences if Putin does not agree to stop the war after Friday’s meeting, Trump responded: “Yes, they will.”
Asked if those consequences would be sanctions or tariffs, Trump told reporters: “I don’t have to say, there will be very severe consequences.”
But the president also described the aim of the meeting between the pair in Alaska as “setting the table” for a quick follow-up that would include Zelensky.
“If the first one goes okay, we’ll have a quick second one,” he said.
“I would like to do it almost immediately, and we’ll have a quick second meeting between President Putin and President Zelensky and myself, if they’d like to have me there.”
Trump did not provide a time frame for a second meeting.
Red lines
European leaders and Zelensky had earlier spoken with Trump in a last-ditch call hosted by Germany to lay out red lines ahead of the Alaska meeting.
“We had a very good call. He was on the call. President Zelensky was on the call. I would rate it a 10, very friendly,” Trump said.
French President Emmanuel Macron said Trump agreed that Ukraine must be involved in any discussions about ceding land, while Zelensky said Trump had supported the idea of security guarantees in a post-war settlement.
“President Trump was very clear that the United States wanted to achieve a ceasefire at this meeting in Alaska,” Macron said.
“The second point on which things were very clear, as expressed by President Trump, is that territories belonging to Ukraine cannot be negotiated and will only be negotiated by the Ukrainian president.”
German Chancellor Friedrich Merz, who hosted the virtual meeting, said the principle that borders could not be changed by force must continue to apply.
“If there is no movement on the Russian side in Alaska, then the United States and we Europeans should … increase the pressure,” he said.
“President Trump knows this position, he shares it very extensively, and therefore I can say: We have had a really exceptionally constructive and good conversation with each other.”
Trump and Putin are due to discuss how to end the three-and-a-half-year-old conflict, the biggest in Europe since World War Two. Trump has previously said both sides will have to swap land to end fighting that has cost tens of thousands of lives and displaced millions.
Russia makes sharp advance into Ukraine
On a day of intense diplomacy, Zelensky flew into Berlin for virtual meetings with European leaders and then with Trump.
He and the Europeans worry that a land swap could leave Russia with almost a fifth of Ukraine, rewarding it for almost 11 years of efforts to seize Ukrainian land, the last three in all-out war, and emboldening Putin to expand further west in the future.
Russian forces have made a sharp thrust into eastern Ukraine in recent days in what may be an attempt to increase the pressure on Kyiv to give up land.
“I told the US president and all our European colleagues that Putin is bluffing (about his stated wish to end the war),” Zelensky said. “He is trying to apply pressure before the meeting in Alaska along all parts of the Ukrainian front. Russia is trying to show that it can occupy all of Ukraine …”
A source familiar with the matter said the call with Trump discussed possible cities that could host a three-way meeting, depending on the outcome of the talks in Alaska.
Wary of angering Trump, European leaders have repeatedly said they welcome his efforts, while stressing that there should be no deal about Ukraine without Ukraine’s participation.
Trump’s agreement last week to the summit was an abrupt shift after weeks of voicing frustration with Putin for resisting the US peace initiative. Trump said his envoy had made “great progress” at talks in Moscow.
A Gallup poll released last week found that 69% of Ukrainians favour a negotiated end to the war as soon as possible. But polls also indicate Ukrainians do not want peace at any cost if that means crushing concessions.
Russian Foreign Ministry spokesperson Alexei Fadeev earlier said Moscow’s stance had not changed since last year.
As conditions for a ceasefire and the start of talks, the Kremlin leader had demanded that Ukraine withdraw its forces from four regions that Russia has claimed as its own but does not fully control, and formally renounce its plans to join NATO.
Kyiv swiftly rejected the conditions as tantamount to surrender.
Business
Stock Market Live Updates: Sensex, Nifty Hit Record Highs; Bank Nifty Climbs 60,000 For The First Time
Stock Market News Live Updates: Indian equity benchmarks opened with a strong gap-up on Monday, December 1, touching fresh record highs, buoyed by a sharp acceleration in Q2FY26 GDP growth to a six-quarter peak of 8.2%. Positive cues from Asian markets further lifted investor sentiment.
The BSE Sensex was trading at 85,994, up 288 points or 0.34%, after touching an all-time high of 86,159 in early deals. The Nifty 50 stood at 26,290, higher by 87 points or 0.33%, after scaling a record intraday high of 26,325.8.
Broader markets also saw gains, with the Midcap index rising 0.27% and the Smallcap index advancing 0.52%.
On the sectoral front, the Nifty Bank hit a historic milestone by crossing the 60,000 mark for the first time, gaining 0.4% to touch a fresh peak of 60,114.05.
Meanwhile, the Metal and PSU Bank indices climbed 0.8% each in early trade.
Global cues
Asia-Pacific markets were mostly lower on Monday as traders assessed fresh Chinese manufacturing data and increasingly priced in the likelihood of a US Federal Reserve rate cut later this month.
According to the CME FedWatch Tool, markets are now assigning an 87.4 per cent probability to a rate cut at the Fed’s December 10 meeting.
China’s factory activity unexpectedly slipped back into contraction in November, with the RatingDog China General Manufacturing PMI by S&P Global easing to 49.9, below expectations of 50.5, as weak domestic demand persisted.
Japan’s Nikkei 225 slipped 1.6 per cent, while the broader Topix declined 0.86 per cent. In South Korea, the Kospi dropped 0.30 per cent and Australia’s S&P/ASX 200 was down 0.31 per cent.
US stock futures were steady in early Asian trade after a positive week on Wall Street. On Friday, in a shortened post-Thanksgiving session, the Nasdaq Composite climbed 0.65 per cent to 23,365.69, its fifth consecutive day of gains.
The S&P 500 rose 0.54 per cent to 6,849.09, while the Dow Jones Industrial Average added 289.30 points, or 0.61 per cent, to close at 47,716.42.
Osmond ChiaBusiness reporter
Getty ImagesSouth Korea’s largest online retailer, Coupang, has apologised for a massive data breach potentially involving nearly 34 million local customer accounts.
The country’s internet authority said that it is investigating the breach and that details from the millions of accounts have likely been exposed.
Coupang is often described as South Korea’s equivalent of Amazon.com. The breach marks the latest in a series of data leaks at major firms in the country, including its telecommunications giant, SK Telecom.
Coupang told the BBC it became aware of the unauthorised access of personal data of about 4,500 customer accounts on 18 November and immediately reported it to the authorities.
But later checks found that some 33.7 million customer accounts – all in South Korea – were likely exposed, said Coupang, adding that the breach is believed to have begun as early as June through a server based overseas.
The exposed data is limited to name, email address, phone number, shipping address and some order histories, Coupang said.
No credit card information or login credentials were leaked. Those details remain securely protected and no action is required from Coupang users at this point, the firm added.
The number of accounts affected by the incident represents more than half of South Korea’s roughly-52 million population.
Coupang, which is founded in South Korea and headquartered in the US, said recently that it had nearly 25 million active users.
Coupang apologised to its customers and warned them to stay alert to scams impersonating the company.
The firm did not give details on who is behind the breach.
South Korean media outlets reported on Sunday that a former Coupang employee from China was suspected of being behind the breach.
The authorities are assessing the scale of the breach as well as whether Coupang had broken any data protection safety rules, South Korea’s Ministry of Science and ICT said in a statement.
“As the breach involves the contact details and addresses of a large number of citizens, the Commission plans to conduct a swift investigation and impose strict sanctions if it finds a violation of the duty to implement safety measures under the Protection Act.”
The incident marks the latest in a series of breaches affecting major South Korean companies this year, despite the country’s reputation for stringent data privacy rules.
SK Telecom, South Korea’s largest mobile operator, was fined nearly $100m (£76m) over a data breach involving more than 20 million subscribers.
In September, Lotte Cards also said the data of nearly three million customers was leaked after a cyber-attack on the credit card firm.
Agency workers hired to cover Birmingham bin strikers will join them on picket lines on Monday, a union has said.
A rally will be held by Unite The Union at Smithfield Depot on Pershore Street, Birmingham, on Monday morning to mark the first day of strike action by agency refuse workers.
Unite said the Job & Talent agency workers had voted in favour of strike action “over bullying, harassment and the threat of blacklisting at the council’s refuse department two weeks ago”.
The union said the number of agency workers who will join the strike action is “growing daily”.
Strikes by directly-employed bin workers, which have been running since January, could continue beyond May’s local elections.
The directly-employed bin workers voted in favour of extending their industrial action mandate earlier this month.
Unite general secretary Sharon Graham said: “Birmingham council will only resolve this dispute when it stops the appalling treatment of its workforce.
“Agency workers have now joined with directly-employed staff to stand up against the massive injustices done to them.
“Instead of wasting millions more of council taxpayers’ money fighting a dispute it could settle justly for a fraction of the cost, the council needs to return to talks with Unite and put forward a fair deal for all bin workers.
“Strikes will not end until it does.”
Prague’s City Center Sparkles, Buzzes, and Burns at the Signal Festival
Sadie Sink talks about the future of Max in ‘Stranger Things’
Stock Market Live Updates: Sensex, Nifty Hit Record Highs; Bank Nifty Climbs 60,000 For The First Time
-
Sports1 week agoWATCH: Ronaldo scores spectacular bicycle kick
-
Entertainment1 week agoWelcome to Derry’ episode 5 delivers shocking twist
-
Politics1 week agoWashington and Kyiv Stress Any Peace Deal Must Fully Respect Ukraine’s Sovereignty
-
Business1 week agoKey economic data and trends that will shape Rachel Reeves’ Budget
-
Tech6 days agoWake Up—the Best Black Friday Mattress Sales Are Here
-
Fashion7 days agoCanada’s Lululemon unveils team Canada kit for Milano Cortina 2026
-
Tech6 days agoThe Alienware Aurora Gaming Desktop Punches Above Its Weight
-
Politics1 week ago53,000 Sikhs vote in Ottawa Khalistan Referendum amid Carney-Modi trade talks scrutiny