Reside information: Kyiv rocked by explosions as Russian air strikes intensify

Ukraine’s capital of Kyiv was rocked by greater than a dozen explosions round 3am on Tuesday, a couple of half-hour after air raid sirens went off nationwide warning that Russia’s invading forces had been resuming air strikes on the nation.

Monetary Instances correspondents heard a number of blasts, marking one of many loudest barrages to hit the town in current months. Particulars of harm and casualties weren’t instantly clear.

Andriy Yermak, Ukrainian president Volodymyr Zelenskyy’s chief of employees, mentioned in a social media assertion that “air defences are engaged on targets”.

The US mentioned on Monday that more durable sanctions could be imposed over the switch of Iranian drones to Russia to be used within the invasion of Ukraine. 

Nationwide Safety Council spokesman John Kirby mentioned new particulars of Russia-Iran cooperation have emerged, together with plans to promote extra superior plane to Russia. Since August Iran has already offered 400 drones and Russia has expended most of them.

Iran in flip is in search of billions of {dollars}’ value of navy tools from Russia, together with fighter jets and assault helicopters, Kirby mentioned. 

He added the US would maintain these collaborating within the commerce accountable in addition to announce “new steps” to assist governments and companies higher perceive dangers posed by Iran’s drone programme. 

US-China: US secretary of state Antony Blinken, defence secretary Lloyd Austin and commerce secretary Gina Raimondo will testify at Senate appropriations committee listening to on the US-China relationship.

Information: China points April retail gross sales, industrial output and unemployment knowledge. The Reserve Financial institution of Australia publishes minutes of its most up-to-date financial coverage assembly. Westpac points its newest Australian shopper sentiment figures.

Earnings: Singaporean tech group Sea, Singapore Airways and Chinese language search firm Baidu launch earnings.

Occasions: Business group Airports Council Worldwide opens its first Asia-Pacific regional convention and exhibition because the coronavirus pandemic started in Kobe, Japan. Carlyle Asia concludes its two-day investor assembly on the 4 Seasons, Hong Kong.

Ukraine’s anti-corruption our bodies mentioned that they uncovered graft on the nation’s Supreme Court docket.

The nation’s anti-corruption bureau and specialised anti-graft prosecutor’s workplace mentioned in a joint assertion on Monday that that they had “uncovered large-scale corruption within the Supreme Court docket, particularly a scheme for receiving undue advantages by the management and judges of the Supreme Court docket”.

The teams mentioned in an announcement posted on social media that “Pressing investigative actions are presently below manner. Particulars later.” The submit included images of huge piles of money on a sofa.

Elon Musk has been subpoenaed over paperwork by attorneys in search of to establish if he was launched to JPMorgan Chase by the late intercourse offender Jeffrey Epstein.

In a submitting on Monday, the US Virgin Islands, which is suing JPMorgan over its alleged position in financing Epstein’s human trafficking operation within the territory, mentioned it had tried to serve the Tesla chief govt on a number of events in current weeks.

Attorneys for the USVI mentioned the request for paperwork had been made as a result of Musk is “a high-net-worth particular person who Epstein could have referred or tried to discuss with JPMorgan”.

A lawyer for Musk didn’t instantly reply to a request for remark.

The US will begin refilling its strategic oil reserves within the coming months after President Joe Biden’s administration drained the stockpile over the previous yr to maintain a lid on costs within the wake of Russia’s invasion of Ukraine.

The Division of Vitality on Monday opened a solicitation course of for firms to submit proposals to promote 3mn barrels of crude into the Strategic Petroleum Reserve.

The announcement comes after vitality secretary Jennifer Granholm indicated final month that purchases would start within the second half of the yr after an extended interval of drawdowns that has left the reserves at their lowest stage because the early Nineteen Eighties. 

US shares had been subdued on Monday as buyers awaited information about debt ceiling negotiations and assessed recent knowledge pointing to a cooling economic system.

The tech-heavy Nasdaq Composite index rose 0.7 per cent, extending its features from the earlier week, whereas Wall Road’s benchmark S&P 500 added 0.3 per cent.

The strikes in US equities got here as merchants had been looking forward to a breakthrough between the White Home and Republican lawmakers in talks to boost the federal borrowing restrict and keep away from a nationwide default, forward of President Joe Biden’s assembly with Congressional leaders on Tuesday.

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