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Good morning. Xi and Putin meet, Germany to embark on historic takeover, guessing what the Fed will do, and France girds for a cold winter. Here’s what people are talking about.
Russian President Vladimir Putin told Chinese leader Xi Jinping he understands Beijing’s “questions and concerns” about his invasion of Ukraine, a rare admission of tensions between the diplomatic allies. In their first in-person talks since the war began, Putin hailed “the balanced position of our Chinese friends on the Ukraine crisis” and offered to “explain in detail our position.” Calling Putin an “old friend,” Xi said “China is willing to work with Russia, display the responsibilities of the major powers and play a leading role to inject stability and positive energy to a world in chaos.” Yet Xi may continue to withhold material support as Putin suffers humiliating battlefield losses.