Latest News
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PSG wins the Champions League with a shoot-out victory over Arsenal
Paris St Germain reclaimed their Champions League 'title' with a penalty-shootout victory? over Arsenal, after a 1-1 stalemate in a tense final at the Puskas arena on Saturday. Gabriel, of Arsenal, blasted his penalty over the?crossbar to give PSG a?4-3 victory? on spot-kicks. The French champions had the worst start possible after Kai Havertz scored an Arsenal goal?in just the sixth minute. He whipped a?rising shot?past PSG's goalkeeper Matvey Safonov. The PSG defence looked to be the most formidable in Europe, but Ousmane dembele equalized from the spot after a foul was committed by Cristhian Moquera against Khvicha Kvaratskhelia in the 65th minutes. PSG won the Champions League trophy for the second consecutive year after a scrappy extra-time period that could not separate both sides. (Reporting and editing by Christian Radnedge.)
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Russia's Rosatom says Ukrainian drone struck Zaporizhzhia nuclear plant
Rosatom, the Russian state-owned nuclear energy company, said that a Ukrainian drone 'hit' the Zaporizhzhia nuclear 'plant', Europe's biggest, on Saturday. The drone did not damage any key equipment but left a hole in a wall of the turbine hall. The building housing the turbine hall of Power Unit No. 6 was struck by a Ukrainian combat drone kamikaze this afternoon. The explosion was caused by the subsequent detonation of 6. The explosion did not cause any damage to the primary equipment, but it tore through a wall in the turbine hall. Ukraine has not yet commented. Likhachev described the incident as "deliberate". The Zaporizhzhia Nuclear Plant was captured by Russia on March 20, 2022. It remains close to the frontline of the Zaporizhzhia area in the south-east Ukrainian region. It has?come in for some fire at times during the four-year war, raising?fears about a nuclear incident. Likhachev stated, "We are a step closer to an incident which?will affect those who live beyond the borders of 'Russia and Ukraine but still think they are totally safe." (Reporting by Anastasia Lyrchikova. Felix Light wrote the article. Mark Potter (editing by Felix Light)
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Authorities claim that Ukrainian drones have struck a port and oil depot in southern Russia.
Authorities in the southern regions Rostov-Krasnodar reported that Ukrainian drones had struck a tanker overnight at Taganrog, a Russian port. They also reportedly hit an oil depot?in?Armavir. Yury Slyusar, Governor of the Rostov Region, said via Telegram that the fires in Taganrog's port and on the tanker had been put out. No oil spillage was reported. He said that two people were injured. Svetlana kambulova, the mayor of the?city, announced that a local emergency state, which was introduced on May 27th, had been prolonged. The Russian Defence Ministry announced that its forces?had?downed 127 drones over night. Authorities in Armavir in Krasnodar, which has 185,000 residents, reported that the fire in an oil depot located in the industrial zone of the city had been put out and there were no injuries. Slyusar, governor of Rostov, said that nearly 50 drones had been brought down in the region. Attacks were reported "across" the province, which borders Ukraine’s Donbas and is the focal point of the fighting between Russia & Ukraine. He said that only minor damage had been reported outside Taganrog. The commander of Ukraine’s drone forces claimed that they had hit Taganrog as well as an oil depot in Feodosiya, in Russian-controlled Crimea. He did not mention a strike against Armavir. Reporting by Felix Light, Writing by Ros Russell, and Kevin Liffey.
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Authorities claim that Ukrainian drones have struck a port and oil depot in southern Russia.
Authorities in the southern regions Rostov and Krasnodar reported on Saturday that Ukrainian drones had struck a tanker overnight at the port of Taganrog in Russia and also hit an oil depot in Armavir. Yury Slyusar, Governor of Rostov Region, said via Telegram that the fires in Taganrog (a city with a population of 240,000) and on the tanker had been put out. No oil spillage was reported. He said that two people were injured. Svetlana kambulova, the mayor of the?city, confirmed that a local state of emergency introduced on May 27 had been extended. Authorities in Armavir in Krasnodar, a city with a population 185,000 people, reported that a fire at an oil depot located in the industrial zone of the city had been brought under control. Slyusar, Rostov's governor, said that nearly 50 drones were downed by the region. Attacks have been reported in the entire province which borders Ukraine’s Donbass, the focal point of the fighting between Russia and Ukraine. Only minor damage had been reported outside Taganrog. Reporting by Felix Light, Writing by Ros Russell; Editing by Ros Russel
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Concerns about consumer demand lower LIVESTOCK CME cattle futures
Chicago Mercantile Exchange?cattle futures and feeder cattle?ticked down on Friday due to a technical setback.?As a result, 'Americans' concerns about their ability to afford beef grew. Gas prices are high and consumer sentiment is gloomy, raising fears that Americans will reduce their beef purchases. Beef is the most expensive protein in grocery stores. Dan Basse is the president of 'AgResource' Company. He said that they are 'looking at consumers' disposable income and wondering if they will 'pay higher beef prices'. Oil futures dropped more than 2% Friday, marking their steepest weekly decline since early April. Traders awaited news that the U.S.?Israel and Iran reached an agreement on a truce. Live cattle for August fell by 1.95 cents, to 239,05 cents a pound. August feeder cattle futures dropped 4.60 cents at 348.425 per pound. The U.S. Department of Agriculture reported on Friday that the value of 'boxed beef' had dropped by 26 cents, to $392.06 a hundredweight. Select?cuts, however, fell by $2.26, to $382.32 a hundredweight. According to HedgersEdge.com, the Packers lost about $266.90 per head of cattle they slaughtered last Thursday. This is an improvement from the previous week. CME's lean-hog market saw a drop of 2.625 cents to 99.50 cents for each pound. According to USDA, the wholesale price of pork cutout has risen 91 cents per cwt to $100.02. Reporting by Heather Schlitz, Editing by Daniel Wallis
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IMF, World Bank and others warn that Middle East war strains energy supplies
The heads of the International Energy Agency, the International Monetary Fund (IMF), the World Bank, and the World Trade Organization warned on Friday that the war in the Middle East is straining the global energy supply and affecting vulnerable economies the most. The U.S. and Israel war against Iran has disrupted the trade, rattled the financial markets, and raised 'concerns about global energy supply, especially through Strait of Hormuz. This is a major route for oil and natural gas shipments. Global?institutions stated that the world's economy was resilient. However, the conflict disproportionately affected poorer countries by increasing fuel and fertilizer prices, increasing uncertainty, and creating job risks. In a joint press release, the heads of these groups met Thursday to discuss the economic impact of war. U.S. president Donald Trump said that he will decide on Friday whether to extend the ceasefire with Iran. This would include?opening up the waterway? and dismantling Tehran’s nuclear weapons capability. The institutions warned that if shipping 'flows' do not return to normal, the rapid depletion in global oil stocks ahead of the peak summer 'oil demand - in the Northern Hemisphere - would pose a heightened risk for fuel security and market conditions.
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USITC says Russian palladium does not harm America cos, ends probe
The?U.S. has stated that Russian unwrought Palladium, which is used to reduce emissions from gasoline vehicles, doesn't?harm American companies. The International Trade Commission announced a decision?on Friday to end Washington's antidumping investigation. Last week, the U.S. Department of Commerce decided on a separate countervailing duty of 109.1%. Sibanye Stillwater, which produces in South Africa as well as the United States, and the United Steelworkers Union had asked Washington to consider imposing duties so that they could 'protect the long-term sustainability of U.S. supplies. The USITC has now concluded the investigation with its negative determination. USITC stated in a press release that its full report would be released on July 8th. "The U.S. industry is not materially harmed or threatened with a material injury by reason of the?imports from Russia of unwrought Palladium, which Commerce determined were sold at subsidized prices and below fair value in the United States," it said. Russian palladium exports to the U.S. increased from 23.8 tons a year ago - and 20.4 tons a year earlier - to 27.6 tonnes in 2024. Nornickel of Russia, the largest palladium producer in the world with a market share of about 40%, refused to comment on USITC's decision. As of Friday, palladium spot prices had fallen by?17% from the beginning of the year. They were currently at $1,355 an ounce. Reporting by Susan Heavey and Anastasia Lyrchikova, with additional reporting from Katharine Jackson and Ismail Shakil. Editing by Ismail Shakil & Chizu Nomiyama.
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Iran's nuclear negotiations: the strongest card Iran has is its highly enriched Uranium
Iran and the United States have been in talks to extend their ceasefire to begin negotiations over issues such as Tehran's nuclear programme, where Washington insists that?Iran cannot be able make a nuclear bomb. Israel and the U.S. bombed Iran in June. While a lot of its uranium-enrichment infrastructure was destroyed or badly damaged, it is believed that a significant amount of highly enriched nuclear uranium survived. This is the main concern of the United States. The biggest concern for the U.S. In a Friday post on social media, Trump stated that Iran had to agree that the enriched Uranium that was buried underground following earlier U.S. attacks be "unearthed", and destroyed with Iran and U.N. nuclear monitor. WHAT IS HIGHLY ENRICHED URANIUM? It is one of the two fissile elements, along with Plutonium, that can be used to make a nuclear weapon's core. While plutonium usually comes from the spent fuel in a nuclear reactor and requires a large, highly visible infrastructure to extract, uranium enrichment can be done using centrifuges with a smaller footprint. Two of Iran's known three enrichment facilities were in operation when Israel and?U.S. Two of the three Iranian enrichment sites that were known to have been operating when Israel and the?U.S. The one above ground was destroyed. When uranium reaches a purity of 20%, it is considered highly enriched. It is weapon-grade when the purity reaches around 90%. Some modern reactors use fuel that is enriched beyond 90%. According to reports, the fuel used in U.S. submarines is enriched above 90%. How much money does Iran have? Since the June attacks, Iran has failed to inform the U.N. Since the June attacks, Iran has not informed the?U.N. These are the amounts that Iran was estimated to have had when Israel dropped its first?bombs on June 13, - 440.9 kg enhanced to up to 60% 184.1 kg up to 20% enriched - 6,024.4 kg enrichment up to 5% -?2,391.1kg enriched up to 2% According to an IAEA yardstick the 60% stock is enough for 10 nuclear bombs if it's enriched. The 20% would suffice for one, and the 5% for 12. Uncertainty surrounds the amount that has survived. IAEA chief Rafael Grossi said that his agency believes that "a little more than 200kg" of the 60% is stored in a tunnel complex located in Isfahan, which appears to have been mostly unharmed by June's attacks. He said some was also stored at the Natanz Nuclear Site. WHY THE CONCERNS? The U.S. has focused its concern on the 60% of material, as it would be easier and quicker to make a nuclear bomb. Washington wants it gone. Iran denies seeking nuclear weapons. It becomes exponentially easier as the level of enrichment increases. It is easier to go from unenriched uranium to 5% than to go from 60% to 90. Donald Trump withdrew the United States from a nuclear agreement between Iran and major powers. This deal kept Tehran a great distance away from producing an atom-bomb. The U.S.'s withdrawal from the deal in 2018 led to its unraveling and Iran rapidly expanded its nuclear program. Iran was not allowed to enrich its oil beyond 3.7% under the 2015 agreement. It takes more steps, even at 90%, to create the core of a nuclear bomb. The uranium becomes gaseous when it is enriched. The uranium must be converted into metal to be used in weapons. CAN YOU MOVE THIS? Yes. Yes. The 2015 deal, and the previous one that preceded it, saw Iran's uranium stocks enriched up to 20 percent diluted or converted into reactor fuel plates before being shipped out of the country. Transporting nuclear material, such as highly enriched?uranium, internationally is a delicate but routine procedure. Grossi, when asked by PBS about the 60% material in March, said: "It can be moved with some caution but?it requires some precaution." IS IRAN READY TO GIVE IT UP? Two senior Iranian sources reported last week that Iran's supreme leadership has given a directive not to send the 60% material abroad. Iranian sources claim that Tehran could agree to send the half to a third-country, in exchange for uranium that is enriched up to 5%, and diluted the other half within Iran. (Additional reporting by Parisa Hafezi;;Editing by Sanjeev Miglani)
All bodies found in Washington State chemical accident: 11 confirmed dead
The death toll in the United States from a ruptured?chemical tank has risen to 11. The death toll from a?chemical tank rupture in the United States has risen to 11 as crews have recovered all nine bodies, according authorities.
The tank that contained "white liquor", a chemical mixture of sodium hydroxide and sulfide, used to make 'paper pulp, imploded on Tuesday at the Nippon Dynawave Packaging plant.
Kurt Stitch, Cowlitz 2 Fire & Rescue deputy chief, stated that the search for missing persons continued throughout the week as crews cleared debris from indoor?areas, and drones were flown over the perimeter.
Officials have confirmed that the ruptured tank held about 900,000.000 gallons of white liquor. Tests also showed contamination of the nearby Columbia River. However, no negative health effects were detected in the air or drinking water of the city of Longview.
Nippon Dynawave Packaging, Japan's wholly-owned subsidiary, was established in 2016 by Nippon Paper Industries, Japan's second largest paper manufacturer. The company acquired the Longview plant from Seattle-based Weyerhaeuser Timber for $225m. (Reporting and editing by William Mallard in Bengaluru)
(source: Reuters)