gains

Ukrainian and Russian officials have claimed battlefield successes in the more than four-year war, as Russian air attacks on Ukraine continue.

At least four people were killed in Russian attacks on the Ukrainian town of Sloviansk, regional authorities said on Tuesday.

The governor of Sloviansk, Vadym Filashkin, confirmed the death toll on Tuesday and said 16 others were wounded, including a 14-year-old girl. He said Russian forces dropped three guided bombs on the city.

There was no immediate comment from Moscow on the attack.

Overnight drone strikes on three other Ukrainian cities wounded at least 17 people, including two children, emergency services said.

Ukraine’s air force said that it shot down 122 out of 137 drones that Russia launched during the night.

Warring parties claim advances

Ukrainian forces have recently retaken nearly all the territory of the southeastern Dnipropetrovsk industrial region during a counteroffensive, driving Russian troops out of more than 400 square kilometres (150sq miles), Major-General Oleksandr Komarenko said in an interview published Tuesday by local media outlet RBC-Ukraine.

He described the overall situation on the front line as difficult but under control, with the heaviest fighting continuing near Pokrovsk in eastern Ukraine and Oleksandrivka in the south, where he said Russian forces have concentrated their main effort.

There was no independent verification of his description of the military situation.

The Institute for the Study of War, a Washington-based think tank, said late Monday that recent Ukrainian counterattacks “are generating tactical, operational and strategic effects that may disrupt Russia’s spring-summer 2026 offensive campaign plan”.

Meanwhile, Russian President Vladimir Putin claimed that Russian forces have extended their gains in Ukraine’s eastern Donbas region, whose capture Moscow has made one of the goals of its invasion. Ukraine controlled about 25 percent of the Donbas six months ago, but it now holds just 15-17 percent, Putin said.

In Russia, the governor of the border region Bryansk, said a Ukrainian missile strike on Bryansk city had killed at least six people and wounded 37 others.

Alexander Bogomaz said those killed were civilians and that the wounded were admitted to the Bryansk Regional Hospital.

Ukrainian President Volodymyr Zelenskyy said the attack hit a Russian missile plant.

At the same time, a United Nations investigation found that the deportation and transfer of Ukrainian children since Russia invaded Ukraine in 2022 had amounted to “crimes against humanity”.

The International Criminal Court issued arrest warrants for President Vladimir Putin and five other Russian officials in 2023 over the alleged illegal deportation of children, which Moscow denies and said it has been evacuating people voluntarily from a warzone.

Trilateral talks ‘next week’

United States special envoy Steve Witkoff told the CNBC news outlet on Tuesday that the next round of trilateral talks between Ukraine, Russia and the US would likely be “sometime next week”.

Trilateral talks were first held in January in the United Arab Emirates; a second meeting was held in February in Geneva, Switzerland. Last year, Russia and Ukraine also held three rounds of talks in Turkiye, yet so far the two countries remain no closer to a deal as key issues, including Russia’s control of Ukrainian territory, are yet to be resolved.

Moscow has repeatedly said it would only agree to a deal that allows it to retain the territories it has seized, while Ukraine has said its territory must be returned in any deal.

Ukrainian President Volodymyr Zelenskyy said Turkiye was prepared to host the next round of trilateral talks after speaking with his Turkish counterpart, President Tayyip Erdogan, on Tuesday.

Paramount Skydance is betting its future on its streaming business, as gains at the media and entertainment company’s Paramount+ platform helped boost earnings for the fiscal fourth quarter of 2025.

On Wednesday, Paramount reported $8.1 billion in revenue for the three-month period that ended Dec. 31, up 2% compared to the previous year’s quarter. That was due to growth in its streaming business, which saw a 10% increase in quarterly revenue to $2.2 billion, as well as gains at Paramount’s filmed entertainment segment, which reported revenue of $1.3 billion,an increase of 16% compared to the previous year.

The company’s TV media business, however, had a tougher quarter.

That segment reported revenue of $4.7 billion, down 5% compared to last year, as traditional broadcast networks continue tolose subscribers. Paramount also cited a 10% decrease in advertising, partially due to a drop in political spending and not having the Big 10 championship as it did in 2024.

Paramount reported an operating loss of $339 million, which included $546 million in restructuring and transaction-related costsattributed to its merger with Skydance last year. Diluted losses per share totaled 52 cents, compared to a loss of 33 cents during the prior year.

Chief Executive David Ellison praised the company’s progress under his tenure, noting that investments in the film studio, original series, UFC and tech upgrades to Paramount+’s streaming platform and advertising would build momentum in the coming years.

“It’s been six months, but we really do feel good about the work the team has done to date,” he said during an earnings call with analysts Wednesday afternoon. “You can expect that to accelerate into the future quickly.”

The company said it expects total revenue of $30 billion for 2026, which would mark a 4% increase compared to 2025. Paramount signaled the primary driver of that growth will be its streaming business, though the company also anticipates a boost from its studio segment.

Company executives declined to answer questions on the call about Paramount’s bid to acquire rival Warner Bros. Discovery.

The only mention of the ongoing fight was in Paramount‘s letter to shareholders, which noted that the company was “confident” in its standalone strategy and growth trajectory, but that adding Warner would be an “accelerant to achieving these goals more quickly” and in a way that would be “economically compelling” for Paramount’s shareholders.

Paramount submitted a higher bid Monday offering $31 a share in cash to Warner Bros. Discovery investors. Previously, the offer was $30 a share.

The company also agreed to pay $7 billion to Warner should the deal fail to clear various regulatory hurdles. That was a $2 billion increase. (The previous commitment was $5 billion.)

Paramount reaffirmed that it would cover the $2.8 billion termination fee that Warner would owe Netflix if Warner abandoned its deal with the streamer.

Paramount also said it would pay a so-called ticking fee sooner. Now, the company said it would pay an additional $0.25 per quarter to shareholders after Sept. 30 until a Paramount-Warner transaction closed. It also agreed to cover Warner’s potential $1.5 billion in financing costs associated with a planned debt exchange offer.

Additionally, Paramountsaid it “agreed to an obligation to contribute additional equity funding to the extent needed to support the solvency certificate required by PSKY’s lending banks.” That provision was offered because Warner board members have expressed concerns that Paramount may not be able to round up sufficient financing to close such a gargantuan deal.

But the company’s earnings — and the declines its facing in its own TV business — raised concerns about the potential Warner acquisition, John Conca, analyst at Third Bridge, wrote in an email.

“It is becoming questionable why leadership is aggressively pursuing [Warner], a deal that would effectively double their exposure to dying linear networks while also creating even more massive integration headaches,” he said.