Five Things You Need to Know to Start Your Day

Get up to speed with what the markets are monitoring

Photographer: Daniel Roland/AFP via Getty Images

Good morning. Seeking peace in Ukraine, costly energy threatens a German factory exodus, Xi and Putin are coming to Bali and UK consumer confidence plunged. Here’s what people are talking about.

Turkish President Recep Tayyip Erdogan said he discussed avenues to end Russia’s war during talks with his Ukrainian counterpart, as well as conditions for a possible prisoner exchange. The comments came after the Turkish leader met in the western Ukrainian city of Lviv with President Volodymyr Zelenskiy and United Nations Secretary General Antonio Guterres on Thursday. Erdogan said he would follow up on the discussions with Russian President Vladimir Putin, whom he met two weeks ago. Erdogan has pushed for a mediating role as Russia’s invasions grinds on. Meanwhile, European intelligence officials said Russia is likely using the Zaporizhzhia nuclear power plant in southern Ukraine to shield its troops and equipment, undermining the safety of the plant’s operations.