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Zelensky calls for talks with Putin as peace efforts stall

Zelensky calls for talks with Putin as peace efforts stall
Ukrainian President Volodymyr Zelensky says that a meeting with Russian counterpart Vladimir Putin remained “the most effective way forward” to end Russia's war on Ukraine. (AFP)
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Updated 24 August 2025

Zelensky calls for talks with Putin as peace efforts stall

Zelensky calls for talks with Putin as peace efforts stall
  • Ukrainian troops had recaptured three villages in its Donetsk region that had fallen under Russian control, says general
  • And on its independence day, Ukraine launched drone strikes on Russia, triggering a fire at a nuclear power plant

KYIV: Ukraine’s President Volodymyr Zelensky insisted Sunday that a meeting with Russian counterpart Vladimir Putin remained “the most effective way forward” as the two sides exchange prisoners and the country celebrated Independence Day.
Kyiv’s military chief said that Ukrainian troops had recaptured three villages in its Donetsk region that had fallen under Russian control. And Ukraine launched drone strikes on Russia, triggering a fire at a nuclear power plant.
After a push by US President Donald Trump to broker a Ukraine-Russia summit, hopes for peace dimmed when Russia on Friday ruled out any immediate Putin-Zelensky meeting.
But Zelensky said Sunday that the “format of talks between leaders is the most effective way forward,” renewing calls for a bilateral summit with Putin.
Russian Foreign Minister Sergei Lavrov earlier accused Western countries of seeking “a pretext to block negotiations” and condemned Zelensky for “demanding an immediate meeting at all costs.”
Zelensky, speaking at a ceremony attended by Western officials including US envoy Keith Kellogg — whom he awarded with the Ukrainian Order of Merit — vowed to “to push Russia to peace.”
Also Sunday, Ukraine and Russia said they had each sent back 146 prisoners of war and civilians in the latest of a series of swaps that remain one of the few areas of cooperation between the rivals.
Press freedom group Reporters Without Borders (RSF) welcomed the release of two Ukrainian journalists, Dmytro Khyliuk and Mark Kaliush, denouncing “their abductions and the abuse they suffered in detention.”

3 villagesrecaptured

With the war having already claimed tens of thousands of lives, Russia has recently claimed new advances, including taking two villages in the eastern Donetsk region Saturday.
Ukrainian Commander-in-Chief Oleksandr Syrsky, said Sunday that three other villages had been reclaimed in Donetsk, which has emerged as the focal point for peace talks.
The drone attacks in Russia on Ukraine’s Independence Day included one shot down over the Kursk Nuclear Power Plant in western Russia.
The plant said a fire sparked by the drone had been extinguished and there were no casualties or increased radiation levels.
The International Atomic Energy Agency has repeatedly warned of the risks from fighting around nuclear plants following Russia’s full-scale invasion launched in February 2022.
Russian authorities said Ukrainian drones had also been shot down over areas far from the front, including Saint Petersburg in the northwest.
Ten drones were shot down over the port of Ust-Luga on the Gulf of Finland, sparking a fire at a fuel terminal owned by Russian energy group Novatek, local authorities said.
Ukraine’s outgunned army has used drones to target Russia’s oil infrastructure, a key source of Moscow’s revenues to fund the war. Russia has seen soaring fuel prices since the attacks began.
Ukraine said Russia had attacked with a ballistic missile and 72 Iranian-made Shahed attack drones, 48 of which the air force said had been shot down. A Russian drone strike killed a 47-year-old woman in the eastern region of Dnipropetrovsk, the governor said.

Ukraine marks Independence Day
Speaking at the ceremony to mark the anniversary of Ukraine’s 1991 independence after the break-up of the Soviet Union, Zelensky said: “Today, both the US and Europe agree: Ukraine has not yet fully won, but it will certainly not lose.
“Ukraine has secured its independence. Ukraine is not a victim; it is a fighter.”
The presence of foreign troops in Ukraine once the war ended would be “important,” he said. Kyiv is still working on security guarantees with its allies.
Russia has repeatedly objected to Western troops being stationed in Ukraine.
But Canadian Prime Minister Mark Carney, visiting Kyiv on Sunday, said it was not “the choice of Russia how the future sovereignty, independence, liberty of Ukraine is guaranteed.”
Zelensky thanked other world leaders including Trump, Chinese President Xi Jinping, French President Emmanuel Macron, Britain’s King Charles and Pope Leo for sending messages to mark the occasion.
Norway announced it would contribute seven billion kroner ($700 million) as part of its joint pledge with Germany to provide Ukraine with two complete US Patriot systems that Germany already possesses.
The systems are in Germany and will be delivered to Ukraine “as soon as possible,” the Norwegian government said.
Russia now controls around a fifth of Ukraine, including the Crimean peninsula, which it annexed in 2014.
Putin has repeatedly rebuffed calls from Ukraine and the West for an immediate ceasefire.
The fighting has forced millions of people to flee their homes and destroyed cities and villages across eastern and southern Ukraine.


Musk could become history’s first trillionaire as Tesla shareholders approve giant pay package

Musk could become history’s first trillionaire as Tesla shareholders approve giant pay package
Updated 07 November 2025

Musk could become history’s first trillionaire as Tesla shareholders approve giant pay package

Musk could become history’s first trillionaire as Tesla shareholders approve giant pay package
  • Vote comes Tesla car sales continue to plunge in Europe, including a 50% collapse in Germany
  • Many Tesla investors still consider Musk as a sort of miracle man capable of stunning business feats
  • Critics say Tesla board was too beholden to Musk, his behavior too reckless lately and the riches offered too much

NEW YORK: The world’s richest man was just handed a chance to become history’s first trillionaire.

Elon Musk won a shareholder vote on Thursday that would give the Tesla CEO stock worth $1 trillion if he hits certain performance targets over the next decade. The vote followed weeks of debate over his management record at the electric car maker and whether anyone deserved such unprecedented pay, drawing heated commentary from small investors to giant pension funds and even the pope.

In the end, more than 75% of voters approved the plan as shareholders gathered in Austin, Texas, for their annual meeting.

“Fantastic group of shareholders,” Musk said after the final vote was tallied, adding “Hang on to your Tesla stock.”

The vote is a resounding victory for Musk showing investors still have faith in him as Tesla struggles with plunging sales, market share and profits in no small part due to Musk himself. Car buyers fled the company this year as he has ventured into politics both in the US and Europe, and trafficked in conspiracy theories.

The vote came just three days after a report from Europe showing Tesla car sales plunged again last month, including a 50% collapse in Germany.

Still, many Tesla investors consider Musk as a sort of miracle man capable of stunning business feats, such as when he pulled Tesla from the brink of bankruptcy a half-dozen years ago to turn it into one of the world’s most valuable companies.

The vote clears a path for Musk to become a trillionaire by granting him new shares, but it won’t be easy. The board of directors that designed the pay package require him to hit several ambitious financial and operational targets, including increasing the value of the company on the stock market nearly six times its current level.

Musk also has to deliver 20 million Tesla electric vehicles to the market over 10 years amid new, stiff competition, more than double the number since the founding of the company. He also has to deploy 1 million of his human-like robots that he has promised will transform work and home — he calls it a “robot army” — from zero today.

Musk could add billions to his wealth in a few years by partly delivering these goals, according to various intermediate steps that will hand him newly created stock in the company as he nears the ultimate targets.

That could help him eventually top what is now considered America’s all-time richest man, John D. Rockefeller. The railroad titan is estimated by Guinness World Records to have been worth $630 billion, in current dollars, at his peak wealth more than 110 years ago. Musk is worth $493 billion, as estimated by Forbes magazine.

Musk’s win came despite opposition from several large funds, including CalPERS, the biggest US public pension, and Norway’s sovereign wealth fund. Two corporate watchdogs, Institutional Shareholder Services and Glass Lewis, also blasted the package, which so angered Musk he took to calling them “corporate terrorists” at a recent investor meeting.

Critics argued that the board of directors was too beholden to Musk, his behavior too reckless lately and the riches offered too much.

“He has hundreds of billions of dollars already in the company and to say that he won’t stay without a trillion is ridiculous,” said Sam Abuelsamid, an analyst at research firm Telemetry who has been covering Tesla for nearly two decades. “It’s absurd that shareholders think he is worth this much.”

Supporters said that Musk needed to be incentivized to focus on the company as he works to transform it into an AI powerhouse using software to operate hundreds of thousands of self-driving Tesla cars — many without steering wheels — and Tesla robots deployed in offices, factories and homes doing many tasks now handled by humans.

“This AI chapter needs one person to lead it and that’s Musk,” said financial analyst Dan Ives of Wedbush Securities. “It’s a huge win for shareholders.”

Investors voting for the pay had to consider not only this Musk promise of a bold, new tomorrow, but whether he could ruin things today: He had threatened to walk away from the company, which investors feared would tank the stock.

Tesla shares, already up 80% in the past year, rose on news of the vote in after-hours trading but then flattened basically unchanged to $445.44.

For his part, Musk says the vote wasn’t really about the money but getting a higher Tesla stake — it will double to nearly 30% — so he could have more power over the company. He said that was a pressing concern given Tesla’s future “robot army” that he suggested he didn’t trust anyone else to control given the possible danger to humanity.

Other issues up for a vote at the annual meeting turned out wins for Musk, too.

Shareholders approved allowing Tesla to invest in one of Musk’s other ventures, xAI. They also shot down a proposal to make it easier for shareholders to sue the company by lowering the size of ownership needed to file. The current rule requires at least a 3% stake.