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This is the world in brief from The Economist.

Our top stories.

Wall Street stock indices closed higher on Friday after a volatile week of trading.

Yet American government bond prices declined and the dollar slumped to a

three-year low against the euro amid Donald Trump's trade war. Yields on 10-year treasuries climbed

to almost 4.5 percent, higher than they reached on Wednesday before Mr. Trump paused many tariffs.

Earlier, China raised tariffs against America to 125% after the White House said its levy on Chinese goods

was in effect 145%.

Steve Wickoff, Mr. Trump's diplomatic envoy, met Vladimir Putin in St. Petersburg.

Meanwhile, Mr. Trump said Russia has to, quote, get moving on agreeing to a ceasefire in Ukraine.

Negotiations over which have recently stalled.

American and Russian officials met in Istanbul on Thursday

to discuss normalising embassy relations.

And on Sunday, Kirill Mitrov, Mr Putin's pointman,

said that he was cautiously optimistic about renewed diplomatic engagement.

The United Nations Maritime Body approved a carbon pricing plan for ships,

...