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European shares rise as investors weigh potential Russia-Ukraine peace deal

European shares rise as investors weigh potential Russia-Ukraine peace deal

LONDON: European shares edged higher on Tuesday as investors weighed the possibility of a peace deal between Russia and Ukraine following encouraging diplomatic signals after a White House meeting with European leaders.
The pan-European STOXX 600 index was up 0.1 per cent, as of 0708 GMT, with most major regional bourses in the green.
U.S. President Donald Trump told his Ukrainian counterpart Volodymyr Zelenskiy that Washington would help guarantee Ukraine's security in any peace deal to end Russia's war there, though the extent of any assistance was not immediately clear.
The pledge followed a White House meeting with European leaders, with formal guarantees expected to be finalised within the next 10 days.
German Chancellor Friedrich Merz said that Zelenskiy and Russian President Vladimir Putin would meet within the next two weeks, followed by Trump extending a three-way meeting afterward to begin negotiations.
Defence stocks dropped 0.7 per cent, pressured by news of a potential Ukraine-Russia summit, as hopes for de-escalation reduced demand for military-related assets.
Shares of Renk Group, Rheinmetall and Hensoldt slipped between 1.9 per cent and 3.2 per cent.
Merck fell marginally after Barclays downgraded the company's rating to "equal weight" from "overweight".
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Erdogan tells Putin Turkey supports Ukraine peace talks with all parties
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Erdogan tells Putin Turkey supports Ukraine peace talks with all parties

ISTANBUL: President Recep Tayyip Erdogan informed Russian counterpart Vladimir Putin that Turkey supports a peace process involving all parties for Ukraine during their Wednesday phone conversation. The Turkish presidency stated that Erdogan emphasised Ankara's sincere efforts towards achieving a just peace since the conflict's beginning. 'Turkey has sincerely strived for a just peace since the beginning of the war, and in this context, supports approaches aimed at establishing lasting peace with the participation of all parties,' his office said in a statement. Turkey maintains friendly relations with both Black Sea neighbours and has hosted three rounds of Ukraine-Russia peace talks since May. Ankara consistently advocates for protecting Ukraine's territorial integrity while avoiding Western sanctions against Russia. US President Donald Trump recently held discussions with Ukrainian leader Volodymyr Zelensky and European officials in Washington. This followed Trump's significant meeting with Putin in Alaska just three days earlier. NATO Secretary General Mark Rutte contacted Erdogan on Tuesday while returning to Europe after the Washington discussions. The Turkish presidency confirmed they discussed Turkey's role as a key NATO member in the peace process. They also exchanged views on feasible and sustainable security guarantees, according to the statement. Both leaders agreed to maintain close coordination moving forward. – AFP

AI fakes cloud Ukraine peace push with Trump-Putin memes
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AI fakes cloud Ukraine peace push with Trump-Putin memes

WASHINGTON, Aug 20 — From a fake image of Donald Trump and Vladimir Putin dancing in the snow with a polar bear to a fabricated photo of European leaders waiting somberly outside the Oval Office, AI-enabled disinformation has clouded the diplomatic push to end the war in Ukraine. The online fakery — dubbed widely as AI slop — underscores how easily artificial intelligence tools can flood the internet with false and satirical content around major global events. These creations also highlight the challenge of policing bogus content as tech platforms offer creators monetisation incentives for viral posts. In hundreds of online posts mocking European leaders as powerless mediators snubbed by Trump, one such image purported to show French President Emmanuel Macron and other top officials waiting somberly in a White House corridor with their heads bowed. 'This is utter humiliation of these corrupt scumbags. Absolutely beautiful,' said one post on X from a conservative political commentator that AFP has previously fact-checked for spreading misinformation about Ukraine. Such posts — in multiple languages including Greek, German and French — gained traction as European leaders joined Ukrainian President Volodymyr Zelensky at the White House Monday for talks with Trump following the US president's summit with Putin in Alaska. Red carpet brawl AFP fact-checkers identified visual inconsistencies that indicate the image including Macron was AI-generated. Some of the individuals depicted in the image also do not match those seen in official photographs from the high-stakes meeting. Macron and other European leaders represented a group of Ukraine's allies known as the 'Coalition of the Willing' for White House consultations. But multiple pro-Kremlin sources sharing the AI-generated image ridiculed them as the 'coalition of those in waiting.' The image was also amplified by sites operated by the Pravda network, a well-resourced Moscow-based operation known to circulate pro-Russian narratives globally, the disinformation watchdog NewsGuard said in a report. The falsehood was an illustration of how 'pro-Kremlin sources often seize on high-profile meetings involving European leaders to spread false claims,' NewsGuard said. In other viral posts, an AI-generated clip purported to show Trump and Putin skidding down snow-covered slopes, eating ice-cream beside a snowman, and waltzing with a polar bear to country music. And in another AI video, Trump and Putin were depicted brawling on a red carpet leading from an airplane staircase, trading punches and kicks as secret service agents idle in the background. The tongue-in-cheek posts offer a window into a social media landscape increasingly filled with AI-generated memes, videos and images competing for attention with — and sometimes drowning out — authentic content. As tech platforms scale back content moderation, AI videos spread rapidly, muddying the waters around serious diplomatic efforts to end the three-year war in Ukraine. Trump on Tuesday ruled out sending American troops to back up any Ukraine peace deal but suggested air support instead, as European nations began hashing out security guarantees ahead of a potential Russia summit. — AFP

Trump says he will arrange Putin, Zelensky meeting after speaking with both
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Trump says he will arrange Putin, Zelensky meeting after speaking with both

US President Donald Trump said on Monday that he was brokering a meeting between Ukraine's President Volodymyr Zelensky and their Russian counterpart, Vladimir Putin, to be followed by a trilateral meeting that would include the US leader. The declaration followed back-to-back meetings at the White House, including Trump's in-person meeting with the Ukrainian president, in which he also dangled the possibility of US troops supporting Ukraine. He also met jointly with Zelensky, European Commission President Ursula von der Leyen, German Chancellor Friedrich Merz and other top leaders from across the Atlantic. 'Everyone is very happy about the possibility of PEACE for Russia/Ukraine,' Trump said on social media. 'At the conclusion of the meetings, I called President Putin, and began the arrangements for a meeting, at a location to be determined, between President Putin and President Zelensky. After that meeting takes place, we will have a Trilat, which would be the two Presidents, plus myself.' Trump added that the larger group 'discussed Security Guarantees for Ukraine, which Guarantees would be provided by the various European Countries, with a coordination with the United States of America'. However, disagreement over the timing of a ceasefire remains to be overcome. Merz, for example, insisted in a social media post that one needs to be in place prior to any further talks. The Kremlin confirmed that Putin and Trump held a phone call on Monday, in which the US leader discussed the day's negotiations with Zelensky and the other leaders. Putin's assistant Yuri Ushakov said in a briefing that 'Vladimir Putin and Donald Trump expressed their support for continuing direct negotiations between the Russian and Ukrainian delegations in this regard. In particular, they discussed the idea that it would be worthwhile to explore the possibility of raising the level of representatives.' 'It is noteworthy that Vladimir Putin and Donald Trump agreed to continue to maintain close contact with each other on Ukrainian and other pressing issues on the international and bilateral agenda,' he said. Sitting with Trump earlier, Zelensky told reporters that he supported the US leader's personal involvement in ending the conflict. 'We support the idea of the United States, and on a personal level, President Trump to stop this war, to make diplomatic way of finishing this war,' he said. 'And we are ready for trilateral. As President said, this is good signal about [a] trilateral. I think this is very good.' Monday's flurry of meetings followed Trump's largely amicable summit with Russian President Vladimir Putin in Anchorage, Alaska, last week, in which the US leader has drawn criticism for backing away from his threat of 'severe consequences' for Moscow if Putin refused to agree to a ceasefire. In the three days since the high-profile visit to America, where Putin received a red carpet reception, Trump had seemed to drift more towards the Russian leader's position, prompting EU leaders to show their determination to back Zelensky by travelling to Washington to meet the US leader together with the Ukrainian president. Trump's latest stance on Russia's war against Ukraine includes a preference for a comprehensive peace deal that would appear to require Kyiv to make concessions – including the forfeiture of some Ukrainian territory, which Zelensky has previously said he is not prepared to give – instead of an immediate ceasefire. Trump said Sunday that Zelensky could end the war 'almost immediately, if he wants to' but that, for Ukraine, there was 'no getting back' Crimea and 'NO GOING INTO NATO'. Seven top European leaders arrived in Washington in an effort to push Trump into offering 'ironclad' US security guarantees to Ukraine in the event of an end to the three-year war. In addition to Von der Leyen and Merz, French President Emmanuel Macron, Italian Prime Minister Giorgia Meloni and Finnish President Alexander Stubb are included. UK Prime Minister Keir Starmer and Nato Secretary General Mark Rutte were also with the Zelensky delegation. In Brussels, the joint effort is seen as an attempt to counterbalance Trump's move towards Putin's position and to avoid a repeat of Zelensky's infamous Oval Office defenestration in February, when he was banished from the White House after clashing with Trump and Vice-President J.D. Vance. Trump appeared to endorse plans for Nato to buy weapons – Patriot Missile systems, in particular – that Ukraine needs to repel Russian forces, and hinted at the possibility of US troops being involved. Asked whether he would rule out the latter, Trump said: 'We'll let you know that maybe later today.' 'We're meeting with seven great leaders of great countries also, and we'll be talking about that,' he added. 'They'll all be involved ... when it comes to security there's going to be a lot of help. It's going to be good. They are first line of defence because they're there. They're Europe. But we're going to help them out also. We'll be involved.' In a briefing full of long diversions in which the president blamed former president Joe Biden for the war, Trump also spent much of his time assailing voting machines and mail-in election ballots. Those comments were in line with a social media post he issued shortly before the meeting with Zelensky, in which he teased an executive order ahead of next year's midterm polls targeting both long-time components of US elections. While the trilateral idea went down well with the European leaders supporting Zelensky, with Starmer and Stubb explicitly expressing approval, differences emerged over the need for a ceasefire. 'I can't imagine that the next meeting would take place without a ceasefire, so let's work on that, and let's try to put pressure on Russia,' Merz said during opening remarks. Trump said in response: 'In the six wars that I've settled, I haven't had a ceasefire. We just got into negotiations.' Merz repeated his call just a few minutes after Trump announced that he was organising the Zelensky-Putin meeting. Es ist ein gutes Treffen mit Präsident Trump, Präsident Selenskyj und unseren europäischen Partnern heute in Washington, aber die nächsten Schritte werden komplizierter. Wir müssen Druck auf Russland ausüben. Vor weiteren Gesprächen muss es einen Waffenstillstand geben. — Bundeskanzler Friedrich Merz (@bundeskanzler) August 18, 2025 Speaking ahead of the joint meeting in the White House on Monday, Macron sought to frame a ceasefire as something that Trump had previously pushed for. 'Your idea to ask for a truce, or at least to stop the killings ... is a necessity, and we all support this idea,' he said. The French president also pushed for a quadrilateral meeting involving EU leadership to follow any trilateral that might emerge, 'because when we speak about security guarantees, we speak about the whole security of the European continent'. - SOUTH CHINA MORNING POST

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