US reorders arms deliveries to free up more Patriots for Ukraine, WSJ reports
Reuters could not immediately verify the report.
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The Guardian
14 minutes ago
- The Guardian
Ukraine war briefing: Russia insists on sticking to its war demands amid Trump sanctions threat
Russia has said it is open to peace with Ukraine but insists achieving its goals remains a priority, days after Donald Trump gave Moscow a 50-day deadline to agree to a ceasefire or face tougher sanctions. Kremlin spokesperson Dmitry Peskov reiterated Russia's demands on Sunday, including Ukraine withdrawing from Russia-annexed regions and abandoning its Nato aspirations – terms that Kyiv and its allies have rejected. 'The main thing for us is to achieve our goals,' Peskov told state TV. 'Our goals are clear.' Ukrainian officials proposed a new round of peace talks this week, President Volodymyr Zelenskyy said on Saturday, while Russian state media said on Sunday that no date had yet been set for the negotiations but Istanbul would probably remain the host city. A week ago Trump, the US president, threatened Russia with 'severe tariffs' unless a peace deal was reached within 50 days and announced a rejuvenated pipeline for US weapons to reach Ukraine amid his frustration at unsuccessful talks to end the war. Russia's biggest oil producer Rosneft has condemned European Union sanctions on India's Nayara Energy refinery as unjustified and illegal, saying the restrictions directly threatened India's energy security. The EU's 18th package of sanctions against Russia over Ukraine was approved on Friday and is aimed at further hitting Russia's oil and energy industry. Rosneft said on Sunday it held less than 50% in Nayara – one of the targeted companies – and called the EU's justification for the sanctions 'far-fetched and false in context'. The EU foreign policy chief, Kaja Kallas, has said the sanctions package is one of the strongest yet against Russia and 'we will keep raising the costs, so stopping the aggression becomes the only path forward for Moscow'. Two women were injured in southern Ukraine's Zaporizhzhia region when a drone struck their house on Sunday, according to the regional military administration. Two more civilians were injured in the north-eastern Kharkiv province after a drone slammed into a residential building, local Ukrainian officials said. Drones struck a leafy square in the centre of Sumy later on Sunday, wounding a woman and her seven-year-old son, officials said. The strike also damaged a power line, leaving about 100 households without electricity, according to Serhii Krivosheienko of the municipal military administration. Ukraine's air force said it shot down 18 of 57 Shahed-type and decoy drones launched by Russia overnight into Sunday, with seven more disappearing from radar. Russia's defence ministry said its forces shot down 93 Ukrainian drones targeting Russian territory overnight, including at least 15 that appeared to head for Moscow. Ten more Ukrainian drones were downed on the approach to the Russian capital on Sunday, according to mayor Sergei Sobyanin. He said one drone struck a residential building in Zelenograd, on Moscow's outskirts, damaging an apartment but causing no casualties.
Rhyl Journal
16 minutes ago
- Rhyl Journal
Retail profit warnings more than double as high street pressures mount
The latest report from EY-Parthenon also revealed that overall profit warnings among UK-listed firms jumped by a fifth year-on-year in the second quarter – with a record proportion citing policy changes and geopolitical uncertainty as the leading factor. The data showed that seven UK-listed retailers, including supermarkets, cut profit guidance between April and June. Britain's retail sector has come under significant pressure since last autumn's Budget move to hike National Insurance Contributions (NICs) and the minimum wage, both taking effect in April. But EY said the high street was also facing tough consumer spending challenges, with shoppers cutting back and focusing on value. EY partner Silvia Rindone said the spike in retail warnings 'highlights both softening consumer demand and the deeper structural headwinds facing the sector'. 'Retailers we speak to tell us that falling sales are currently indicative of a longer-term shift, with consumers becoming more value-focused and less brand-loyal, which leaves cost-pressured retailers in a bind,' she said. Tariff woes sparked by US President Donald Trump waging a trade war also featured heavily in the report, contributing to a rise in the number of alerts more widely across corporate plc. The report found that the number of profit warnings issued by UK-listed companies rose by 20% to 59 in the second quarter compared with 49 a year ago. The top factor was policy change and geopolitical uncertainty, cited in nearly half (46%) of all warnings – up from 4% a year earlier and the highest since the study was launched over 25 years ago. Over one in three (34%) warnings flagged tariff-related impacts, such as weaker demand, supply chain disruption and volatility in currency movements. The proportion of warnings to cite contract and order cancellations or delays remained at a record high of 40% in the quarter. Jo Robinson, EY-Parthenon partner and turnaround and restructuring strategy leader, said: 'The latest profit warnings data reflects the scale of persistent uncertainty and how heavy it continues to weigh on UK businesses. 'While this uncertainty has been a recurring theme since mid-2024, it has intensified so far this year – driven largely by geopolitical tensions and policy shifts – compounding pressure on both earnings and forecasts. 'While the announcement of global tariffs has clearly played a part in amplifying uncertainty, they are just one factor among broader geopolitical and policy upheaval.'
North Wales Chronicle
16 minutes ago
- North Wales Chronicle
Japanese PM's coalition loses majority in upper house election
Mr Ishiba's Liberal Democratic Party and its junior coalition partner Komeito needed to win 50 seats on top of the 75 seats they already had to reach the goal. With just one more seat to be decided, the coalition had 47 seats. The loss is another blow to Mr Ishiba's coalition, making it a minority in both houses following its October defeat in the lower house election, and worsening Japan's political instability. It was the first time the LDP had lost a majority in both houses of parliament since the party's foundation in 1955. Despite the loss, Mr Ishiba expressed determination to stay on to tackle challenges such as US tariff threats, but he could face calls from within his party to step down or find another coalition partner. 'I will fulfil my responsibility as head of the number one party and work for the country,' he said. Mr Ishiba had set the bar low, wanting a simple majority of 125 seats, which meant his LDP and its Buddhist-backed junior coalition partner Komeito needed to win 50 to add to the 75 seats they already had. Exit poll results released seconds after the ballots closed on Sunday night mostly showed a major setback for Mr Ishiba's coalition. The LDP alone won 39 seats, better than most exit poll projections of 32, and still the number one party in the parliament, known as the Diet. 'It's a tough situation. I take it humbly and sincerely,' Mr Ishiba told a live interview with NHK. He said the poor showing was because his government's measures to combat price increases had yet to reach many people. The poor performance in the election will not immediately trigger a change of government because the upper house lacks the power to file a no-confidence motion against a leader, but it will certainly deepen uncertainty over his fate and Japan's political stability. Mr Ishiba could face calls from within the LDP party to step down or find another coalition partner. Soaring prices, lagging incomes and burdensome social security payments are the top issues for frustrated, cash-strapped voters. Stricter measures targeting foreign residents and visitors also emerged as a key issue, with a surging right-wing populist party leading the campaign. Sunday's vote comes after Mr Ishiba's coalition lost a majority in the October lower house election, stung by past corruption scandals, and his government has since been forced into making concessions to the opposition to get legislation through parliament. It has been unable to quickly deliver effective measures to mitigate rising prices, including Japan's traditional staple of rice, and dwindling wages. US president Donald Trump has added to the pressure, complaining about a lack of progress in trade negotiations and the lack of sales of US vehicles and American-grown rice to Japan despite a shortfall in domestic stocks of the grain. A 25% tariff due to take effect on August 1 has been another blow for Mr Ishiba. Mr Ishiba resisted any compromise before the election, but the prospect for a breakthrough after the election is just as unclear because the minority government would have difficulty forming a consensus with the opposition. Frustrated voters were rapidly turning to emerging populist parties. But the eight main opposition groups were too fractured to forge a common platform as a united front and gain voter support as a viable alternative.
