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The spike in energy prices could be a result of the escalating Middle East conflict, according to a new report The conflict in the Middle East threatens to disrupt the oil supply and subsequently hurt global economic growth in 2024, Fitch Ratings has warned.

Weapon shipments to Ukraine would nevertheless remain banned, according to the cabinet proposal  Switzerland is looking to bypass its rigid neutrality laws and export restrictions in order to boost weapons sales, which play a vital role in the country’s economy, according to a statement by the Swiss Federal Council on Wednesday.