This weekend was marked by significant developments on the global stage, from diplomatic efforts in the Middle East to strategic economic manoeuvres and geopolitical tensions. Here’s a concise summary of the key events:

In a notable move, officials from Hamas arrived in Cairo to engage in discussions aimed at establishing a truce in Gaza. However, there was a conspicuous absence of Israeli representatives in these talks, casting a shadow over the prospects of immediate progress towards peace. This development underscores the ongoing complexities and challenges in achieving a durable resolution to the conflict in the region.

In a strategic decision aimed at influencing global oil prices, the OPEC+ alliance has decided to extend its production cuts. This move is intended to tighten supply and support the recovery of oil prices, reflecting the group’s ongoing efforts to navigate the volatile energy market. Analysts are closely watching the implications of this decision for global economic stability and energy security.

Fund managers are increasingly betting against the Australian dollar, downplaying the risks posed by the Reserve Bank of Australia’s (RBA) policies. This trend highlights growing scepticism about the economic outlook down under, with investors positioning themselves for potential downside in the currency. The situation reflects broader concerns about monetary policy and its impact on global currency markets.

Germany has launched an investigation into Russia’s apparent interception of confidential military talks concerning Ukraine. This incident raises serious concerns about cybersecurity and the integrity of sensitive communications amid ongoing tensions between Russia and Ukraine. The German government is taking the matter seriously, reflecting the heightened state of alert over potential espionage and information warfare activities.