2022年5月30日星期一

Heavy fighting as Russian troops enter outskirts of Sievierodonetsk

Monday, May 30, 2022

by Linda Noakes

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Here's what you need to know.

The EU makes an eleventh-hour push for a deal on Russian oil sanctions, anger over the Texas school shooting mounts, and Turkey's recurring currency nightmare strikes again

Today's biggest stories

Rescuers work in a residential area damaged by a Russian military strike in the village of Tsyrkuny, outside Kharkiv, Ukraine, May 29, 2022. REUTERS/Vitalii Hnidyi

RUSSIA AND UKRAINE AT WAR

Russian troops have entered the outskirts of the Ukrainian city of Sievierodonetsk, the regional governor said, describing "very fierce" fighting in the ruins of a city that has become the focus of Moscow's offensive.

Russia has concentrated its firepower on the last major population centre still held by Ukrainian forces in the eastern Luhansk province, in a push to achieve one of President Vladimir Putin's stated objectives after three months of war.

The "liberation" of the Donbas region is an "unconditional priority" for Moscow, while other Ukrainian territories should decide their future on their own, Russian Foreign Minister Sergei Lavrov said.

Russia appears to have suffered devastating losses amongst mid- and junior-ranking officers, raising the prospect of weaker military effectiveness in future, Britain's defense ministry said.

Top European Union diplomats met for a last-ditch attempt to agree on Russian oil import sanctions before their leaders meet later today, seeking to avoid a display of disunity over the bloc's response to the war.

Here's what you need to know about the conflict right now

President Joe Biden embraces Mandy Gutierrez, Principal at Robb Elementary School, as first lady Jill Biden and Uvalde Consolidated Independent School District Superintendent Hal Harrell stand next to him, in Uvalde, Texas, May 29, 2022. REUTERS/Marco Bello

AROUND THE WORLD


President Joe Biden tried to comfort families in the south Texas town of Uvalde after the nation's deadliest school shooting in a decade as federal officials announced they would review local law enforcement's slow response to the attack.

The World Health Organization said that monkeypox constitutes a "moderate risk" to overall public health at global level after cases were reported in countries where the disease is not typically found. Here's the latest on monkeypox cases around the world.

Colombian leftist Gustavo Petro came out on top in the first round of the Andean country's presidential election and will face a surprise contender - businessman Rodolfo Hernandez - in a second round on June 19. Self-styled 'king of TikTok' Hernandez is betting his plain anti-corruption message will take him to the top job.

Over 100 people are missing or confirmed dead in Brazil, the government said, as mudslides and major floods brought about by heavy rains tore through several urban neighborhoods in the northeastern part of the country.

The first hurricane of the eastern Pacific season strengthened as it spiraled toward the southern coast of Mexico, with maximum sustained winds of 110 mph that are expected to worsen before the storm makes landfall today.

Hopes were fading in Nepal of finding any survivors among the 22 people aboard a small plane that crashed into a Himalayan mountainside, with just two people still to be accounted for.

Streets in Beijing were busier as residents in two districts were allowed to return to work, while Shanghai inched closer towards lifting its two-month old COVID lockdown from Wednesday, as the number of infections across China dropped.

Britain will mark Queen Elizabeth's record-breaking 70 years on the throne this week with four days of celebrations, ranging from military parades and a church service to street parties and a pop concert outside Buckingham Palace.

BUSINESS & MARKETS

World shares rose and the dollar was pinned near five-week lows on hopes of an eventual slowdown in U.S. monetary tightening following sharp interest rate hikes in June and July.

Russia's invasion of Ukraine has reconfigured the global oil market, with African suppliers stepping in to meet European demand and Moscow, stung by Western sanctions, increasingly tapping risky ship-to-ship transfers to get its crude to Asia.

Another 9% plunge in Turkey's lira this month and debt market danger gauges at levels last seen during the 2008 global crash have prompted investor concerns that a fresh crisis might be brewing in the country.

Norwegian Air has agreed to buy 50 Boeing 737 MAX 8 aircraft and secured options for a further 30 of the planes at an undisclosed price, ending a contract dispute between the two firms. The deal is a boost for Boeing after the Oslo-based airline earlier this year said it would consider switching to rival Airbus.

Japan's Toyota said it missed its global production target for April as COVID outbreaks and a parts shortage slowed its post-pandemic recovery.

HSBC is facing queries from customers about its commitment to fight climate change after a senior banker downplayed the risks, sources told Reuters, with at least one large institutional investor reconsidering whether to employ the bank for a sustainability role.

Quote of the day

"I wouldn't put a penny into internal combustion engines now. The future is coming up awful fast."

Sandy Munro

Michigan-based auto consultant

How a cheap component could help kill off combustion cars

Video of the day

World's longest glass bridge opens

A mountain resort in Vietnam has opened a bridge with a bottom made of glass over a gorge 150 meters below to attract thrill-seeking tourists.

And finally…

'Top Gun: Maverick' debuts to stratospheric $124 million

Tom Cruise may have pulled off one of the most daring stunts of his career -- getting audiences to go to the movies for something that doesn't involve superheroes.

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