Wednesday 11 May 2022

Wednesday Briefing: Ukraine diverts some Russian gas flows, claims battlefield gains

Wednesday, May 11, 2022

by Linda Noakes

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Here's what you need to know.

Russian diplomats are being spurned in Europe's capitals, Toyota warns its profit could skid 20%, and does the crypto crash pose a threat to the financial system?

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A Ukrainian serviceman carries a mortar shell in Kharkiv region, May 9, 2022

RUSSIA AND UKRAINE AT WAR

Flows of Russian gas to Europe through a transit point in Ukraine dried up, while Kyiv reported battlefield gains over invading Russian forces that could signal a shift in the war's momentum.

Ukraine has remained a major route for Russian gas to Europe even since the February 24 invasion, which President Vladimir Putin calls a "special military operation".

Reuters photographer Jorge Silva visited a Ukrainian hospital where medics work as rockets fall. See his photo essay here.

Russia was behind a massive cyberattack against a satellite internet network that took tens of thousands of modems offline at the onset of the war, the United States, Britain, Canada, Estonia and the European Union said. The digital assault against Viasat's KA-SAT network took place just as Russian armor pushed into Ukraine.

Russian diplomat Sergiy Andreev was feeling unwelcome on the streets of Warsaw even before protesters doused him with red liquid thrown in his face at short range this week. Across Europe's capitals, Russian diplomats are getting the cold shoulder, ranging from diplomatic expulsions by governments, to protests by individual citizens, and service denials by companies.

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

Ferdinand 'Bongbong' Marcos Jr. visits the grave of his father former President Ferdinand E. Marcos at Libingan ng mga Bayani, Taguig, Philippines, May 10, 2022


WORLD

Ferdinand Marcos Jr. went to the grave of his father, the disgraced Philippines dictator, the day after winning the presidential election, a visit that underscores the polarization over the return to rule of the notorious political dynasty. We look at how a Marcos presidency is a boon for China, but awkward for the U.S.

China hit back against what it called "irresponsible" comments by the head of the World Health Organization, who described the country's uncompromising and increasingly painful "zero COVID" policy as "not sustainable". The policy has placed hundreds of millions of people across dozens of cities under various degrees of movement restrictions.

Sri Lanka has moved Mahinda Rajapaksa to a naval base for his safety after he quit two days ago as prime minister, the defense secretary said, following violence targeting the family for its role in the country's worst economic crisis. Here's how Sri Lanka reached the point of no return.

An Al Jazeera reporter was shot dead during an Israeli raid in the occupied West Bank, with the news channel and a wounded colleague accusing Israel of killing her and Israel's leader saying she may have been hit by Palestinian fire. Shireen Abu Akleh, 51,a Palestinian-American, was wearing a press vest that clearly marked her as a journalist.

Britain rejected European Union proposals to resolve a standoff over post-Brexit trade rules for Northern Ireland, saying it would not shy away from taking direct action in the latest escalation between the two sides. Striking a deal that preserved the peace, protected the EU's single market and avoided new borders on the island of Ireland and with Britain was always the biggest challenge for London as it embarked on its historic departure from the bloc.

U.S.


Democrats in the U.S. Senate plan to force a vote today on legislation codifying women's rights to abortion nationwide, a protest gesture that is almost certain to fail ahead of an expected Supreme Court decision to end those protections. President Joe Biden is considering executive orders and other measures to increase access and funding for women if the court votes to overturn Roe v. Wade.

Donald Trump's favored candidate fell short in Nebraska's Republican primary election for governor, but the former president's pick prevailed in a congressional primary contest in West Virginia.

Arizona is preparing for its first execution since 2014, with an inmate convicted of killing a student scheduled to be put to death eight years after the state carried out its last lethal injection, described by lawyers as botched.

The United States' largest active wildfire bore down on New Mexico mountain villages, triggering evacuations in another county as firefighters saw no way to stop the blaze.

Chef Mario Batali was acquitted of sexually assaulting a woman at a Boston bar in 2017 while posing with her for fan 'selfie' photos, with the judge doubting the credibility of the accuser in the latest #MeToo era trial involving a U.S. celebrity accused of misconduct toward women.

U.S. President Joe Biden makes a speech at the White House, May 10, 2022

BUSINESS


Biden will seek to highlight how Russia's war on Ukraine has impacted global food prices during a visit to a family farm in Illinois today, as the White House struggles to rein in inflation on many fronts. Here's why global food prices are rising - and it's not just about Ukraine.

A court said that Elon Musk's 2018 tweets that funding was secured to take Tesla private were inaccurate and reckless, saying "there was nothing concrete" about financing from Saudi Arabia's sovereign wealth fund at that time. The decision by U.S. District Judge Edward Chen of San Francisco is a major victory for investors alleging that Musk inflated stock prices by making false and misleading statements.

Toyota warned "unprecedented" hikes in raw material costs could slice a fifth off full-year profit, a clear sign the world's top automaker by sales can no longer shrug off the supply-chain crunch that has roiled the global industry.

Boeing is feuding with Aerojet Rocketdyne, a key supplier for its Starliner spacecraft, as the U.S. aerospace giant races to test launch the uncrewed astronaut capsule and mend its reputation in the space sector, people familiar with the matter said.

TerraUSD, one of the world's largest stablecoins, lost a third of its value, spooking cryptocurrency investors and partly contributing to bitcoin's tumble below $30,000 for the first time in 10 months. Does the cryptocurrency crash pose a threat to the financial system? – read our explainer.

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Video of the day

Extreme heat causing health woes across India

A fresh spell of sweltering weather is sweeping across parts of northern India, including capital New Delhi, triggering water shortages and power cuts.

And finally…

Zimbabwean farmers hope for whiff of cannabis boom

Growers like Munyaradzi Nyanungo are betting medicinal cannabis will boost their fortunes after decades of economic decline.

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