At least 11 killed in Russian missile strike on shopping mall, Ukraine says

Ukrainian officials say shopping mall hit by missiles President Zelenskiy condemns attack Russia has denied targeting civilians in Ukraine KREMENCHUK, Ukraine, June 27 (Reuters) – Two Russian missiles slammed into a crowded shopping center in the central Ukrainian city of Kremenchuk on Monday, killing at least 11 people and wounding 50, the regional governor said. … Read more

G7 to hike sanctions on Russia, nears oil price cap deal, U.S. official says

SCHLOSS ELMAU, Germany, June 27 (Reuters) – The Group of Seven rich democracies will commit on Tuesday to a new package of coordinated actions meant toraise pressure on Russia over its war in Ukraine, and will finalize plans for a price cap on Russian oil , a senior US official said on Monday. The announcement … Read more

Stocks extend bear market bounce as inflation angst eases

MILAN/TOKYO, June 27 (Reuters) – World shares extended their bounce on Monday, building on Friday’s strong Wall Street close as off-peak oil prices helped sentiment improve and temper fears of prolonged inflation. Strong morning gains in Europe and a rally across Asian markets after China further eased COVID-19 restrictions drove the MSCI’s benchmark for global … Read more

China’s May industrial profits slump again despite easing COVID curbs

BEIJING, June 27 (Reuters) – Profits at China’s industrial firms shrank at a slower pace in May following a sharp fall in April, as activity in major manufacturing hubs resumed, but COVID-19 restrictions still weighed on factory production and squeezed factory margins. Profits fell 6.5% from a year earlier, less than the 8.5% decline in … Read more

U.S. likely to announce this week purchase of missile defense system for Ukraine -source

US and Ukrainian flags are pictured prior to the start of the Ukraine Defense Consultative Group meeting hosted by US Secretary of Defense Lloyd Austin, as Russia’s attack on Ukraine continues, at US Airbase in Ramstein, Germany, April 26, 2022. REUTERS/Kai Pfaffenbach Register now for FREE unlimited access to Reuters.com Register WASHINGTON, June 26 (Reuters) … Read more

Russia slips into default zone as payment deadline expires

The clock on Spasskaya tower showing the time at noon, is pictured next to Moscow?s Kremlin, and St. Basil?s Cathedral, March 31, 2020. REUTERS/Maxim Shemetov Register now for FREE unlimited access to Reuters.com Register Grace period runs out on $100 mln interest payment due May 27 Some Taiwanese bondholders did not received payment on Monday … Read more

NATO to pledge aid to Baltics and Ukraine, urge Turkey to let in Nordics

NATO summit over three days in Madrid; Biden to attend Turkey’s veto over Sweden, Finland application a big issue NATO to agree new defenses for Baltic region Aid package to Ukraine aims for longer-term support MADRID, June 27 (Reuters) – NATO leaders will urge Turkish President Tayyip Erdogan to lift his veto over Finland and … Read more

Russian forces turn sights on Lysychansk in battle for eastern Ukraine

Russian missiles strike Kyiv for first time in weeks Biden condemns attack as act of “barbarism” G7 countries meet in Germany KYIV/POKROVSK, Ukraine, June 27 (Reuters) – Russian forces were fighting on Monday to achieve one of their strategic objectives in Ukraine as Moscow-backed separatists said they were pushing into Lysychansk, the last major city … Read more

Russia’s Putin to make first foreign trips since launching Ukraine war

Russian President Vladimir Putin attends a BRICS+ meeting during the BRICS summit via a video link in the Moscow region, Russia June 24, 2022. Sputnik/Mikhail Metzel/Kremlin via REUTERS Register now for FREE unlimited access to Reuters.com Register LONDON, June 26 (Reuters) – Vladimir Putin will visit two small former Soviet states in central Asia this … Read more

U.S. aims to raise $200 billion as part of G7 rival to China’s Belt & Road

US President Joe Biden attends a working lunch with other G7 leaders to discuss shaping the global economy at the Yoga Pavilion, Schloss Elmau in Kuren, Germany, June 26, 2022. Kenny Holston/Pool via REUTERS Register now for FREE unlimited access to Reuters.com Register WASHINGTON, June 26 (Reuters) – The United States aims to raise $200 … Read more