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The European Union continues preparations to use proceeds from €210 billion in frozen Russian central-bank assets to support Ukraine. The move signals a long-term financial commitment as the war grinds on and diplomacy remains stalled.

Moscow has condemned the move as illegal, while fighting continues along Ukraine’s eastern and southern fronts.

Meanwhile, in Washington, policymakers are reassessing America's global strategy, focusing on long-term competition with Russia and China and strengthening alliances in Europe and the Indo-Pacific.

Tensions are also high in the South China Sea over territorial disputes, forcing regional nations to balance economic ties with security concerns.

In the Middle East and Africa, global powers like China, Russia, and the Gulf states are competing for strategic influence through energy and infrastructure deals.

On the economic front, markets remain stable, and despite some chatter, the U. S. dollar continues to dominate global trade.

That’s your global news update.
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