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Ukrainian President Zelensky: The United States and its people can help maintain peace in Europe by taking a tough and just stance against aggressors.

On May 8, the Russian Ministry of Defense announced that, in accordance with President Putin's decision to commemorate the 81st anniversary of the victory in the Great Patriotic War of the Soviet People, Russia declared a ceasefire from midnight on May 8 to May 10. During this period, all units of the Russian Armed Forces will completely cease combat operations in special military operational areas. Simultaneously, Russia will cease using missile units, artillery, air- and sea-based long-range precision weapons, and attack drones to strike Ukrainian armed forces positions and infrastructure targets related to military-industrial complexes and armed forces deep within Ukraine. Russia calls on Ukraine to adopt similar measures.

Ukrainian President Zelensky: Russia's ceasefire to commemorate Victory Day exposes the "strange and inappropriate" logic of its leaders.

On May 8, the U.S. Treasury Department announced a new round of sanctions related to Iran on its website on May 7, including sanctions against an Iraqi official for "assisting Iran in selling oil." The Treasury Department stated that a deputy minister of the Iraqi Oil Ministry "used his position to assist Iran in selling oil," and was therefore sanctioned. The Treasury Department also sanctioned three senior leaders of armed groups closely linked to Iran. According to Reuters, the U.S. froze all assets of the sanctioned individuals in the United States and prohibited Americans from conducting transactions with them.

Freddie Mac: The average interest rate for a 30-year fixed-rate mortgage in the U.S. was 6.37% in the week ending May 7, up from 6.30% the previous week.

Shell CEO: There is a high probability that overall energy prices will continue to rise over the next 6 to 12 months.

The Russian Ministry of Defense stated that if Ukraine attempts to disrupt Moscow's Victory Day celebrations, Russia will launch a large-scale missile attack on downtown Kyiv.

Chevron expects to continue delivering crude oil produced by its Venezuelan assets to the U.S. and international markets.

Chevron: Recent geopolitical developments in the Middle East have impacted the company's business and are expected to continue to have an impact.

Airbus delivered 67 aircraft in April.

Chart: Global Stock Market Indices - European Markets on Thursday, May 7, 2026

Israel has confirmed its first case of hantavirus; the patient had traveled to Eastern Europe. Unlike the Andean strain from South America currently drawing attention on the MV Hondius cruise ship, this Israeli patient was infected with the European strain.

The German DAX 30 index closed down 285.75 points, or 1.15%, at 24,663.50 on Thursday, May 7th; the UK FTSE 100 index closed down 167.29 points, or 1.60%, at 10,271.37 on Thursday, May 7th; and the French CAC 40 index closed down 97.34 points, or 1.17%, at 8,202.08 on Thursday, May 7th. The Stoxx 50 index closed down 61.68 points, or 1.02%, at 5965.45 on Thursday, May 7; the Spanish IBEX 35 index closed down 57.50 points, or 0.32%, at 18046.80 on Thursday, May 7; and the Italian FTSE MIB index closed down 458.25 points, or 0.92%, at 49238.50 on Thursday, May 7.

The Dutch Institute of Health: Three people in the Netherlands who have developed symptoms have been tested for Hantavirus. Two of them tested negative, while the results for the third are still being analyzed.

On May 7, the General Staff of the Armed Forces of Ukraine posted on social media that since the early hours of the 7th, Ukrainian forces had launched attacks on several key Russian military facilities, including a warship. The General Staff stated that Ukrainian forces attacked a multi-purpose small missile ship at the Kaspisk military base in the Republic of Dagestan, Russia. This ship is capable of launching Kalibr cruise missiles. Ukrainian forces also struck several other targets, including a Russian command post in the Luhansk region, a drone command post in the Donetsk region, ammunition and fuel depots in the Luhansk region, and troop concentrations in the Zaporizhia and Donetsk regions. In addition, Ukrainian forces attacked an oil refinery in the Perm Krai of Russia, an attack more than 1,500 kilometers away.

On May 7th, the Ministry of Ecology and Environment held a symposium in Beijing on a diversified investment mechanism for scientific and technological innovation in the field of ecological environment. The meeting emphasized that establishing a diversified investment mechanism for scientific and technological innovation in the field of ecological environment is crucial for long-term development and overall stability. It stressed the need to fully leverage the government's guiding role, attracting social capital participation through major projects to create a diversified investment pattern. It also emphasized the importance of focusing on full-chain, full-cycle R&D investment, building a comprehensive funding support system around basic research, technology development, and industrialization demonstration. Furthermore, it called for deepening the synergy between fiscal and financial institutions, innovating financial services such as investment, loans, guarantees, bonds, and leasing to provide diversified financing support. The meeting stressed the need to strengthen the leading role of enterprises in scientific and technological innovation, increasing support for enterprises participating in major national science and technology projects, and promoting collaborative innovation among industry, academia, and research institutions. Finally, it emphasized the need to strengthen financial risk prevention, establishing a full-process performance tracking mechanism to ensure the safe and efficient use of funds.

Porsche will reduce the number of its departments from eight to seven.