Latest News
-
Russian drone strikes nuclear fuel storage facility near Chornobyl in Ukraine
Ukrainian officials said that a 'Russian drone' had struck a storage area for spent nuclear fuel near Ukraine’s now-disused Chornobyl plant. They added that the radiation levels remained stable. Separately, the Kyiv General Staff and state atomic agency stated that a container-receiving facility?had partially been destroyed, but no spent fuel had been stored at the time of?attack. The fire that resulted was put out and there were no reported injuries. Russia has not publicly commented on the alleged attack?on the facility which is located?around 15 km (9miles) away from the Chornobyl Plant, the site where the world's biggest nuclear disaster occurred. Andrii Sybiha, Ukrainian Foreign Minister, wrote on X: "This isn't the first time Russian forces have put Ukrainian nuclear facilities in danger." "Russia's nuclear blackmail and threats against nuclear safety are systematic, deliberate, and inacceptable." A Russian drone attacked a containment 'arch that was over the Chornobyl reactor in February 2025. The 'arch had been destroyed by the explosion and meltdown of April 1986. ?Russia denied responsibility. Kyiv has also accused Moscow of attempting to attack the largest nuclear power plant in Europe, Zaporizhzhia Nuclear Power Plant located in southeast Ukraine. (Reporting and editing by Tomaszjanowski).
-
Embraer observes that airlines are delaying their decisions about plane purchases due to the Iran war
Embraer CEO Francisco Gomes Neto said 'on Saturday that some airlines are delaying their decisions on whether or not to exercise their aircraft purchase options due to a lack of certainty over the war in Iran. This uncertainty has led to a rise in 'jet fuel prices. Gomes Neto, the Brazilian planemaker, noted that while there have been no requests to delay deliveries or slowdowns in active sales campaigns he was noticing a growing caution around incremental commitments. He said that some companies who could exercise previously signed options were delaying that to better understand the?evolution of the situation. Embraer has a commercial backlog of nearly five years worth of deliveries. The company is pursuing multiple sales campaigns to sell its E2 family and hopes to close some deals next month at the Farnborough airshow in the United Kingdom. Embraer wants to capitalize on recent agreements, including those with Finnair and Azorra. It believes that the E2 family's fuel-efficiency can increase demand. Gomes Neto stated that several campaigns are currently underway, and the timing of any potential deals is heavily dependent on the customers. "I'm not sure if the commercial aviation sector will have a strong year like last year, but I think it should be good." Embraer is aiming to increase its output. The company has set an internal goal of delivering between 95 and100 commercial aircraft by 2027. This year, the?outlook is between 80 and85 planes. Gomes Neto said that the goal is more dependent on smoother supply chains than it is on geopolitical tensions such as the Iran war being resolved. He said that the bottlenecks in the industry, which have been present since the pandemic, are slowly improving. He added, "It is about getting the?cadence correct." Embraer is also looking to improve margins within its commercial aviation division. Gomes Neto stated that the company has renegotiated older contracts with lower profitability, and is expecting a stronger demand for new agreements to support better pricing.
-
Israeli forces kill a Palestinian child and injure his parents on the West Bank
The Palestinian Health Ministry reported that Israeli forces killed and injured a 7-month-old Palestinian child in the Tel Rumeida area south of Hebron, West Bank on Friday evening. The ministry identified the infant as Sam Fahd Abu Haikal, and stated that he died on the scene. His parents were moderately injured by gunshots. The grandmother of the baby said that the family stopped the car when they saw Israeli soldiers and military vehicles in the distance. She claimed that shots were fired at them which they first thought were warning shots. She said that "one bullet hit my grandson and lodged in his mother's cheek, after traversing his face, crossing his head and striking his mother's cheek." The bullet also grazed her father's finger and the mother is currently hospitalized. Israeli military claimed that during Friday's operational activity, soldiers in the Hebron region perceived a vehicle speeding toward them. One soldier fired a single shot at the vehicle. It said that three Palestinians had been injured and taken to hospital for treatment. The military stated that an initial investigation found that those injured were "uninvolved civilians" and that the incident is 'under review'. Tel Rumeida is an area in Hebron where Israeli settlers are under heavy military protection among Palestinian residents. It has been a hotbed of violence for many years, especially when it comes to the Israeli-occupied West Bank. According to a report by the European Union in 2024, more than 3 million Palestinians live in East Jerusalem and the West Bank, including over 700,000.
-
Five killed in Russian attacks on Ukraine's Kherson region
The Kherson Governor said that three separate incidents occurred on Friday in which five people were killed by Russians in the southern Kherson region of Ukraine. Oleksandr Prokudin wrote in the 'Telegram' that a strike in a district in the main city of the region, also known as Kherson, had killed three elderly people. Their bodies were discovered in homes damaged by a bomb. Prokudin reported that an attack on a petrol station, north of the city, killed one person and injured seven others. A drone strike in the evening?killed an individual in a village, north of Kherson. Kherson was one of four regions annexed to Russia by Russia six months after the Russian invasion in 2022. Russian forces seized much of the area in the early stages of invasion. However, Ukrainian forces recaptured large stretches of territory including the city of Kherson. Russians are a frequent threat to Ukrainian-held territories. Local officials said that a Ukrainian drone, which is a common target for the Ukrainians, struck a car in the Belgorod region of western Russia, killing its driver. Could not independently verify the reports. Both Russia and Ukraine deny that they deliberately target civilians. (Reporting and editing by Ron Popeski)
-
Trump promises to end the Iran war quickly while campaigning in Wisconsin for Republicans
U.S. president Donald 'Trump' on Friday pledged to end the Iran War quickly and remove an alleged source of high prices while campaigning in rural central Wisconsin. He was doing so in a bid for Republicans to keep control of Congress in midterm elections. The visit to Chippewa Falls highlighted the Republican strategy to retain control of the U.S.?House of Representatives. He said that progress could be made in the negotiations with Iran, but a deal to end this conflict is still elusive. He encouraged Wisconsin voters to be energized in preparation for the election. Trump stated at a roundtable in Chippewa Falls that "we're going out of Iran very soon and it's gonna be strong one way, or another." "Your fertilizer costs will go down dramatically, just as they did four months ago." Rain poured down on a line of people waiting outside to enter a smoky?farmbuilding. Some attendees were Trump fans while others viewed Trump's recent policy on Iran with more skepticism. Tom Paff, who is a data analyst from Boyd in Wisconsin, said he was "definitely a Trump fan" but added that he wasn't happy with the high gas prices. He said, "I don't believe we belong in the Middle East." Derrick Van Orden is the district's representative and closely aligns himself with President Trump. He touts the "Trump administration"s focus on rural America, as a "benefit". His narrow victory in the 2024 reelection has made him one of the top targets for national Democrats hoping to overturn the 217-212 Republican House Majority. Van Orden told the crowd at the rally, while standing in front of farm equipment, that Trump cares for farmers in America. If anyone disagrees with him, "you can look them in the eyes and tell them this is a pile manure." Rebecca Cooke, Van Orden’s Democratic opponent, said at the farm of her family in Eau Claire, Wisconsin that she believed?Republicans had brought Trump to her District because they saw her race as being tight. She also noted that Health and Human Services secretary Robert F. Kennedy Jr. was in the district last week. Cooke says that Trump's policies hurt farmers. She said: "I believe that if you look at the farmers who Republicans see as an important part of their base, then they are being squeezed by tariffs. They're also getting squeezed because they have to pay for healthcare and inputs due to the war in Iran." Trump promised to reduce inflation during his presidential campaign in 2024, but the prices have increased since Trump's tariffs were implemented last year. Energy prices have risen since the Iran War began. According to the American Automobile Association, Wisconsin's average gasoline price this week of $4.04 is $1.08 higher than it was a year earlier. Trump said that the political implications of rising energy prices do not increase pressure on Iran to reach a deal. Many of Trump's Republican allies, however, are eager to focus on other issues than Iran. They want to prevent a Democratic takeover of Congress which would likely stymie Trump. Trump's Wisconsin visit is the fourth top-level administration official to have visited this district in the past year. The others were Vice President JDVance's visits in August and in February and Kennedy's most recent stop. Steve Holland, Renee Hickman and Nandita Bose; Steve Holland, Cynthia Osterman, David Gregorio and Sergio Non edited the article.
-
The US IPO of Sinda by billionaire Kaplan is a way to mine the market recovery
The mining firm Sinda filed for a U.S. IPO on Friday, marking billionaire Thomas Kaplan's'second attempt' to enter the public markets, following Sunshine Silver's listing a 'day earlier', as 'interest in IPOs' rebounded. The filing did not reveal the terms of?the?offering. The U.S. IPO Market exploded in 2026. A variety of sectors were eager to list and take advantage of the excitement among investors for new listings. Elon Musk’s SpaceX will?start trading in New York in what is expected to be the largest IPO ever. Anthropic, a leading AI company, also filed a confidential application to go public last week. CopperTech Metals, a mining company, filed for a New?York?listing on Tuesday. Sunshine Silver Mining listed on the New York Stock Exchange (NYSE) on Thursday. The Electrum Group is a natural resource-focused investment company. Thomas Kaplan is the founder and chairman of the company. He is a prominent investor who specializes in precious metals, natural resources and other assets. Sinda has exploration and exploitation rights over?five adjacent mining concessions located in Mexico's historic Guanajuato Silver Belt, according to its filing. The project is described by the company as a large-scale, high-grade silver-gold discovery that has the potential to be of global significance. The IPO proceeds will be used for underground exploration, for?other project costs and for ongoing exploration. As exploration costs increased, the mining company's net loss was $11.6 million for the three-month period ended March 31. This is compared to a $2.6 million loss in 2013. Morgan Stanley, Scotiabank, and BMO Capital Markets are joint book-running managers for Sinda's offering. The company plans to list its shares under the ticker "SIND" on the NYSE. Reporting by Pritam Biwas in Bengaluru
-
Texas ranchers are on alert after a screwworm parasite is detected in a calf
La Pryor, a quiet Texas cattle town, has become the center of the screwworm battle after the first U.S. instance in decades was discovered there. This prompted a?quarantine on livestock and put ranchers and pet-owners on edge. On Wednesday, a calf in a ranch was found to have?the meat-eating?parasite. It had a large hole around its umbilical chord. Since more than a decade, ranchers in South Texas are preparing for the arrival screwworm. The flies have moved from Colombia, through Central America and closer to the U.S. Border. The parasite can decimate local wildlife and cattle herds. U.S. Department of Agriculture secretary Brooke Rollins said that only one confirmed case had been reported, and the agency was working to prevent a spread of the parasite that threatens Texas' multi-billion dollar cattle industry. Rollins said that she would be traveling to Texas 'next week. She gave a speech at a rally on Friday with President Donald Trump, in Wisconsin's 3rd Congressional District. This is an agricultural district where a race for the November midterm elections has become competitive. Rollins did not mention screwworm. USDA WORKERS LEADER CONTROL EFFORTS The USDA sent 28 workers to Zavala County in Mexico, near the border with Coahuila, on Friday. They set fly traps and released sterile flies?to stop their reproduction, as well as talking to ranchers. Rear Admiral Michael Schmoyer said that four more workers would be arriving soon. The major roads leading out of La Pryor are marked with?blinking-orange signs that urge vehicles with livestock to pull up to a checkpoint with state and sheriff's personnel who will inspect the animals to look for signs of screwworm. Marcel?Valdez is a retired educator and Texas A&M University extension agent. He recalled when screwworm was last seen in South Texas in the 1960s, as a young boy. He recalled the screwworm infested calves kicking and licking at their open wounds. The smell of rotting meat as hundreds of larvae devoured the animals alive. And the sharp smell from the black, tarlike medicine he had used to treat them. He is now most concerned about the younger cattle ranchers, who do not have experience in treating this pest. Also, he is worried about the large number of wild animals which could be vectors of the disease and the limited production of sterile flys. He said that the screwworm can quickly get out of control. TEXAS DECLARES A STATE OF DISASTER Greg Abbott, the Republican governor of Texas, declared Friday a disaster and asked that the federal government speed up completion of an sterile flies production facility. The plant was supposed to be operational by November 2027, after breaking ground in April. Abbott proposed that Texas pay for additional costs to speed up construction. Abbott stated at a recent press conference that "we need to get the large volume of sterile fly as soon as possible." It's crucial that the new facility, which is currently being built in Texas, be completed even quicker. The sterile male flies mate wild female screwworms in order to produce unfertile eggs. Abbott stated that the facility must be finished before summer 2027, because pests are more likely to spread in summer than winter. He said, "We can't make it through another summer." Some Texas politicians and ranchers, including some in Trump's Republican Party of Texas, have lambasted USDA efforts. Brent Smith, an attorney from Kinney County (near Zavala County) wrote in X: "The USDA had plenty of time to prepare, but they failed." Rollins stated on Thursday that it was predicted that screwworm would cross the border into the U.S. last year. The Trump administration's actions prevented this, giving time for the USDA to launch a rapid response. Fears of more infestations continued on Friday to shake markets, and extended a rally in U.S. Cattle Futures.
-
Prices of oil fall amid rising hopes for a de-escalation of the US-Iran War
Oil prices dropped on Friday, as traders grew more confident that a renewed conflict between the U.S.A. and Iran is less likely. Brent crude futures fell $2.08 or 2.18% to $92.95 per barrel at 11:37 CST . Brent closed the previous session 2.84% down. U.S. West Texas Intermediate Crude was $89.93 per barrel, down $3.11 or 3.34% after a loss of 3.1% on Thursday. Phil Flynn is a senior analyst with Price Futures Group. He said that the market does not see an escalation of tensions between the parties. Even though we haven't reached a deal, the market seems to be de-escalating. Petroleum Development Oman confirmed that operations at Mina al Fahal were not affected after three sources reported that oil loading was suspended due to an explosion near the port's mooring berths. Oman exports between 800,000 and 900,000 barrels of crude oil per day from its terminal. Brent was up 1.25 % and WTI by around 3.1%. Contracts rose earlier this week as fighting flared up in the Middle East, while U.S. and Iran war peace talks continued to drag on, while the Strait of Hormuz remained restricted, through which a fifth of world oil flows. Commerzbank analysts stated on Friday that "as hopes for a deal between the U.S.A. and Iran have been dashed yet again, the prices of Brent crude oil and European natural gases rose this week." Commerzbank said that Brent's gains were capped due to oil inventories remaining longer than expected, rerouted imports, and a falling demand. Hezbollah's leader Naim Qassem rejected a U.S. mediated agreement between Israel and Lebanon to stop the fighting on Thursday. Iran has demanded a ceasefire between Israel and the Lebanese government in Lebanon as a precondition for any deal with Washington. Donald Trump, the U.S. president, said that he thought progress was being made in the relationship between Israel and Lebanon. He also stated on Thursday that Lebanon deserved peace. Tony Sycamore, IG's market analyst, said in a?"note" that "any optimism is heavily clouded due to a tangled net of headlines and anti-headlines." Haitham al Ghais, the Secretary General of OPEC, said that despite the Middle East conflict, and the closure of the Strait of Hormuz, the oil demand forecast for this year is 1.2 million barrels of oil per day. According to shipping data the U.S. naval blockade has largely been responsible for the decline in Iranian oil exports. However, weak demand from China has also contributed to the lower prices. Reporting by Erwin Seba, Robert Harvey, and Ahmad Ghaddar, in London; Florence Tan, and Sam Li, in Singapore. Editing by Sonali, Kim Coghill and Elaine Hardcastle.
Indian industries exchange polluted air for health fix
The first ever air pollution trading scheme in the world has produced results
Experts warn against relying too heavily on market solutions
The developing nations are unable to reduce air pollution
Bhasker Tripathi
In India, air pollution is a major health issue. The country's 1.4 million people breathe air that exceeds the World Health Organization guidelines for particulate (PM) matter.
These particles are finer than human hair and can cause serious health problems such as lung cancer and respiratory infections.
The average Indian loses 3.5 years in life expectancy due to pollution.
The industry is a major source of air pollution, and policymakers are struggling to combat it. They have taken the traditional approach by creating and enforcing emission limits.
Over the past two decades, PM2.5 concentrations -- which are particulates 30 times smaller than a human hair -- have increased in India by 11,6%.
In order to find a solution, economists from Yale University and University of Chicago in the United States as well as the University of Warwick (England) collaborated with Gujarat Pollution Control Board to create a unique emission trading scheme to reduce air pollution.
The pilot program has been running since 2019. Results published in The Quarterly Journal of Economics' May issue show that ETS reduces emissions in coal-burning power plants by 20-30% compared to those that use a standard approach.
Michael Greenstone Milton Friedman Distinguished Services Professor in Economics, University of Chicago and one of the pilot's architects, described the ETS pilot as "a rare win-win". It reduced pollution, decreased abatement costs, and increased the government's ability to enforce the air pollution control laws.
He said, "And all of this was achieved in an environment where the possibility of pollution markets working was viewed with great skepticism."
Experts say that such tools are only appropriate for industries in which a switch from coal to gas, or an upgrade in technology, like better filtration, is not enough to reduce pollution.
Swagata Dey, a policy expert at the Center for Study of Science, Technology and Policy, a think tank in India, warned that the ETS shouldn't become a "polluter-pays" model, where industries continue to pollute and pay only small fines.
She said that such schemes are best used in industries where process optimization and changes in fuel consumption are difficult to achieve on a short-term basis.
THE PILOT
The ETS, which was piloted in Surat, Gujarat, with 317 large coal-burning units, is hailed as the first market-based scheme in the world to control air pollutants in an industrial cluster.
The remaining plants are being kept in compliance with the standard pollution control regulations. They will be spot checked by the pollution board to make sure they meet the emission limits.
Plants on the market are now part of a cap and trade system, where a maximum limit for total PM emissions is set. This limit is then periodically lowered.
Plants are given permits for a certain amount pollution. A plant that is able to reduce pollution easily with a change in technology or fuel can trade permits with others that have a harder time reducing pollution.
Surat ETS plants not only reduced their overall pollution but also held enough permits for their legal compliance to be met 99% of time. Plants outside the ETS were able to meet their pollution limits at best 66% of time.
The study found that it costs plants operating under the ETS 11% lower to reduce emissions than plants operating under the command and control regulations.
CHALLENGES
Surat ETS was partly inspired by one of the biggest programs ever, the U.S. scheme for trading sulfur dioxide emissions to combat acid rain. This program reduced pollution by 40% from 1980-2003.
Canada and Europe have adopted successful trading markets for various pollutants based in part on U.S. examples.
But low-income countries are yet to follow these examples.
Pallavi Pan, an air-quality scientist and the head of Global Initiatives for Health Effects Institute in the United States, explained that this is because countries lack monitoring and regulatory capability.
Pant stated that "the relevant departments or ministry [in developing nations] may lack the financial and technical capability, or even personnel to implement effective solutions."
Pant said that the Surat ETS Pilot offers an interesting model which can help to generate better data and track mechanisms for specific pollution sources.
(source: Reuters)