A well-intentioned Senate move against Russia is hopelessly messy
On paper, a bill from Sen. Lindsey Graham (R-South Carolina) attempting to enact the toughest and most far-reaching trade sanctions on Russia to date ought to please supporters of Ukraine. But there's a problem: As bold as the legislation is, it would amount to launching a trade war with nearly the entire rest of the world, cutting off America's nose to spite Russian President Vladimir Putin's face.
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Miami Herald
44 minutes ago
- Miami Herald
15 killed, 170 injured by Russian attack on Ukraine's Dnipro
KYIV, Ukraine - At least 15 people were killed and more than 170 injured in Russian missile strikes on Dnipro on Tuesday, authorities said, marking one of the deadliest attacks on the southeastern Ukrainian city in recent months. A further two people died in a nearby city, as Moscow's relentless aerial campaign hit multiple regions of Ukraine. One of the missiles struck near a passenger train waiting at the Dnipro station, according to Serhiy Lysyak, the military governor of the Dnipropetrovsk region. Lysyak said several of the wounded were in serious condition. The Ukrainian railway company confirmed that the Odessa-Zaporizhzhya train was damaged, but passengers were safely evacuated and a replacement service was arranged. Social media images showed train carriages with shattered windows in an industrial area believed to be the intended target. Authorities reported that more than a dozen schools and kindergartens were also damaged in Dnipro, as well as a hospital and clinic. In the nearby city of Samar, two people were killed and around a dozen injured in related missile strikes. Earlier in the day, separate Russian drone and artillery attacks left a trail of destruction across Ukraine's north and south. In the Sumy region, three people - including an 8-year-old child - were killed in a drone strike on a village, according to local media. The Kyiv Independent reported that three others were injured and hospitalized, one in serious condition. In Kharkiv, further east, three people were hurt in overnight drone attacks involving at least seven Iranian-made Shahed drones, local authorities told the RBK Ukraine news agency. One drone reportedly fell without exploding. Meanwhile, in the southern region of Kherson, four people had been killed and five injured due to Russian shelling since Monday, Governor Oleksandr Prokudin said. Another four fatalities were recorded in Ukrainian-held areas of Donetsk. Russia's full-scale war against Ukraine, now in its fourth year, continues to exact a heavy civilian toll as major cities and front line regions face persistent bombardment. ------------ Copyright (C) 2025, Tribune Content Agency, LLC. Portions copyrighted by the respective providers.
Chicago Tribune
an hour ago
- Chicago Tribune
Column: Bombing Iran, Middle East stability and the U.S. role
President Donald Trump's decision to bomb Iran was a major surprise. The attack came right after he announced he would decide whether or not to enter the war between Iran and Israel within two weeks. The Iran-Israel ceasefire which followed was welcome — if durable. Meanwhile, the humanitarian catastrophe in Gaza continues. Before the ceasefire was announced, Iran missiles struck a U.S. military base in Qatar. Less visibly, but even much more ominously, Tehran officials are consulting with their Russian counterparts. The Soviet Union had a powerful influence on Arab nations during the Cold War. The U.S. bombed Iran's nuclear sites at Fordo, Isfahan and Natanz, presumably to significant effect. Ordnance used included the GBU-57 Massive Ordnance Penetrator (MOP), with a timed fuse. This, plus precision guidance and hardened-steel casing, permits penetration deep into the earth. The 30,000-pound explosive reportedly can only be delivered by the B-2 Stealth Bomber. While Israel generally receives the best conventional weapons the Pentagon possesses, Washington has shared neither this bomb nor this aircraft with any foreign government. The security of Israel, along with regional stability, has sustained U.S. foreign policy priorities. Though the interests of our two nations have not always coincided, the partnership endures. Yet, along with great direct support, the U.S. in the past has often been particularly effective in the turbulent region when operating at a diplomatic distance from Israel. In 1973, military and diplomatic efforts of the Nixon administration were crucial to Israel's successful defense against a combined attack by Arab states, followed by a ceasefire. Secretary of State Henry Kissinger led de-escalation efforts. This was followed by major diplomatic agreement. President Jimmy Carter's determination and discipline achieved the historic 1978 Camp David peace accords between Egypt and Israel. Early in 1991, President George H.W. Bush and associates led an international coalition that liberated Kuwait from Iraq's military occupation. Israel, by agreement, did not participate in the effort, which included Arab states. Secretary of State James Baker demonstrated extraordinary energy and dedication in the sustained diplomacy that followed. The Madrid conference at the end of October 1991 led to the Oslo Accords between Israel and the Palestinians. This, in turn, facilitated the peace treaty between Israel and Jordan in 1994. The 1956 Suez Crisis and its aftermath remain particularly instructive. President Dwight D. Eisenhower used economic leverage and astute diplomacy to terminate a secretly planned old-style colonial military invasion by Britain, France and Israel to recapture the Suez Canal, which had been nationalized by Egypt's new military regime, and seize the Sinai Peninsula. Approximately two years after the Suez disaster engulfed the Middle East region, Eisenhower intervened directly in Lebanon with a sizable military force. Given the volatile nature of the region generally, and armed conflict then taking place in Lebanon, the intervention was regarded with unease. American troops suffered only one soldier killed by hostile fire. Our forces were concentrated in Beirut's city center, port and airport. Eisenhower made his name over his long career in logistics, supply and planning, then vast strategic war campaigns. Throughout, he honed his political and diplomatic skills. This rarely discussed incident in U.S. Cold War history should be reviewed anytime our forces are to be directly engaged in the explosive, unpredictable Middle East. The most significant lesson of this history is that these U.S. presidents, and their capable subordinates, demonstrated the importance of sustained, disciplined long-term policy focus. President Trump, so far, is not known for possessing such skills.
Yahoo
2 hours ago
- Yahoo
NEM's Divestments Drive Tier-1 Focus: Will Streamlining Unlock Value?
Newmont Corporation NEM has taken bold steps in reshaping its portfolio, aggressively shedding non-core assets to sharpen its focus on Tier-1 operations amid cost pressures. NEM completed its non-core divestiture program in April 2025 with the sale of its Akyem operation in Ghana and its Porcupine operation in Canada, generating total after-tax cash proceeds of roughly $850 million before closing adjustments. Total gross proceeds from disclosed divestitures are expected to reach $4.3 billion, including $3.8 billion from non-core divestitures and $527 million from the sale of other asset streamlining is rooted in Newmont's objective to concentrate capital on high-return, long-life assets that underpin its competitive edge and long-term sustainability. The exit of non-core operations has not only allowed Newmont to simplify its operating footprint but also bolster its balance sheet. The divestments have contributed to a $1 billion reduction in gross debt and helped deliver a record first-quarter free cash flow of $1.2 moves free up capital for investment in its key growth projects, including Tanami Expansion 2 in Australia, the Ahafo North expansion in Ghana, and Cadia Panel Caves in Australia that are expected to expand production capacity and extend mine life. However, this strategy also exposes the company to execution risk if Tier-1 ramp-ups are delayed, which may impact its production goals for across the competitive landscape, Barrick Mining Corporation B also divested or exited several non-core assets to focus on Tier 1 assets. These divestments include Kalgoorlie Consolidated Gold Mines (KCGM) in Australia, the Massawa project in Senegal and Lagunas Norte in Peru, which Barrick completed in 2019, 2020 and 2021, respectively. Earlier this month, Barrick also completed the sale of its 50% interest in the Donlin Gold Project in Alaska. Kinross Gold Corporation KGC also streamlined its portfolio through the sale of its Russian assets, including the Kupol mine and Udinsk project, in 2022. Kinross also sold its 90% interest in the Chirano mine in Ghana in 2022. With these divestments, Kinross' rebalanced portfolio now has a strong production profile anchored by Tasiast and Paracatu, its two biggest assets. Shares of Newmont have shot up 59.8% year to date against the Zacks Mining – Gold industry's rise of 54.4%, largely driven by the gold price rally. Image Source: Zacks Investment Research From a valuation standpoint, NEM is currently trading at a forward 12-month earnings multiple of 13.46, a roughly 3.6% discount to the industry average of 13.96X. It carries a Value Score of B. Image Source: Zacks Investment Research The Zacks Consensus Estimate for NEM's 2025 and 2026 earnings implies a year-over-year rise of 20.1% and 11.7%, respectively. The EPS estimates for 2025 and 2026 have been trending higher over the past 60 days. Image Source: Zacks Investment Research NEM stock currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Newmont Corporation (NEM) : Free Stock Analysis Report Kinross Gold Corporation (KGC) : Free Stock Analysis Report Barrick Mining Corporation (B) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
