Daily Archives

26 Articles

Posted by Worldkrap on

US Stocks Dive to Another Losing Week as Inflation Worsens

Wall Street’s realization that inflation got worse last month, not better as hoped, sent markets reeling on Friday. 

The S&P 500 sank 2.9% to lock in its ninth losing week in the last 10, and tumbling bond prices sent Treasury yields to their highest levels in years. The Dow Jones Industrial Average lost 2.7%, and the Nasdaq composite dropped 3.5%. 

Wall Street came into Friday hoping a highly anticipated report would show the worst inflation in generations slowed a touch last month and passed its peak. Instead, the U.S. government said inflation accelerated to 8.6% in May from 8.3% a month before. 

The Federal Reserve has begun raising interest rates and making other moves in order to slow the economy, in hopes of forcing down inflation. Wall Street took Friday’s reading to mean the Fed’s foot will remain firmly on the brake for the economy, dashing hopes that it may ease up later this year. 

“Inflation is hot, hot, hot,” said Brian Jacobsen, senior investment strategist at Allspring Global Investments. “Basically, everything was up.” 

The growing expectation is for the Fed to raise its key short-term interest rate by half a percentage point at each of its next three meetings, beginning next week. That third one in September had been up for debate among investors in recent weeks. Only once since 2000 has the Fed raised rates that much. 

“No relief is in sight, but a lot can change between now and September,” Jacobsen said. “Nobody knows what the Fed will do in a few months, including the Fed.” 

The nation’s high inflation, plus the expectations for an aggressive Fed, have sent the two-year Treasury yield to its highest level since 2008 and the S&P 500 down 18.7% from its record set in early January. The worst pain has hit high-growth technology stocks, cryptocurrencies and other particularly big winners of the pandemic’s earlier days. But the damage is broadening as retailers and others are warning about upcoming profits. 

The S&P 500 fell 116.96 points to 3,900.86. Combined with its losses from Thursday, when investors were rushing to lock in final trades before the inflation report, it was the worst two-day stretch for Wall Street’s benchmark in nearly two years. 

The Dow lost 880.00 points to 31,392.79, and the Nasdaq tumbled 414.20 to 11,340.02. 

Stock prices rise and fall on two things, essentially: how much cash a company produces and how much an investor is willing to pay for it. The Fed’s moves on interest rates heavily influence that second part. 

Since early in the pandemic, record-low interest rates engineered by the Fed and other central banks helped keep investment prices high. Now “easy mode” for investors is abruptly and forcefully being switched off. 

Not only that, too-aggressive rate hikes by the Fed could ultimately force the economy into a recession. Higher interest rates make borrowing more expensive, which drags on spending and investments by households and companies. 

One of the fears among investors is that food and fuel costs may keep surging, regardless of how aggressively the Fed moves. 

“The fact is that the Fed has very little ability to control food prices,” Rick Rieder, BlackRock’s chief investment officer of global fixed income, said in a statement. He pointed instead to mismatches in supplies and demand, higher costs for energy and wages and the crisis in Ukraine, which is a major breadbasket for the world. 

That raises the threat that central banks will overly tighten the brakes on the economy, as they push against a string “and essentially fall into a damaging policy mistake,” Rieder said. 

The economy has already shown some mixed signals, and a report on Friday indicated consumer sentiment is worsening more than economists expected. Much of the souring in the University of Michigan’s preliminary reading was because of higher gasoline prices. 

That adds to several recent profit warnings from retailers indicating U.S. shoppers are slowing or at least changing their spending because of inflation. Such spending is the heart of the U.S. economy. 

 

Posted by Ukrap on

Сумщина: одна людина загинула через обстріли, в області змінили правила продажу алкоголю – голова ОВА

Одна людина загинула через артилерійський обстріл Краснопільської громади

Posted by Ukrap on

Росія створила в Україні «десятки нових Ковентрі» – Зеленський звернувся до британських студентів

Posted by Worldkrap on

Mexico Calls Americas Summit ‘Very Positive’ Despite Presidential Boycott 

Mexico’s top diplomat said Friday that the Summit of the Americas in Los Angeles had “very positive” results — despite a boycott by President Andres Manuel Lopez Obrador over the invitation list. 

“We have right now some results of the summit which are very positive in our view,” Foreign Secretary Marcelo Ebrard said as he met at the summit with U.S. Secretary of State Antony Blinken and Canadian Foreign Minister Melanie Joly. 

Ebrard praised President Joe Biden’s declaration of an economic partnership in the hemisphere as well as efforts on a “regional approach on migration.” 

He reiterated that Mexico planned to invite Biden and Canadian Prime Minister Justin Trudeau for a three-way summit later this year, saying it would likely take place in Mexico City. 

Lopez Obrador refused to attend the summit in Los Angeles because Biden did not invite the leftist leaders of Cuba, Nicaragua and Panama on the grounds that they are autocrats.

Posted by Ukrap on

У Дніпрі склали список із 90 об’єктів, яких позбавлять статусу пам’ятки

Частина пам’яток не мають художньої цінності й не відповідають критеріям пам’яток, частина втратила історичний контекст

Posted by Ukrap on

Біля Мар’їнки і Красногорівки війська РФ завдали авіаційних ударів із Су-25 – Генштаб ЗСУ

Також армія РФ завдала авіаударів із вертольотів Ка-52 поблизу Новобахмутівки та з Мі-8 у районі Олександрополя.

Posted by Worldkrap on

In France, New Far-Left Alliance Threatens to Upend Macron’s Second-Term Agenda

Armed with a bright smile and a fistful of campaign flyers, Sarah Legrain works her way through the Curial market in northeastern Paris’ 19th arrondissement, where shoppers banter and bargain in North African Arabic.

She accepts a slice of watermelon from a vendor, and chats with a veiled Tunisian mother. A man in a white track vest politely rebuffs her overture but other shoppers pause to listen to her arguments for a more socially minded, greener France.

Five years ago, the 36-year-old high schoolteacher narrowly lost her bid for a seat in the National Assembly, the lower house of France’s parliament, representing one of the city’s poorest and most ethnically diverse districts.

Today, Legrain is confident she will win, as part of a new far-left alliance aimed at upending centrist President Emmanuel Macron’s second term, in two-round legislative elections that start Sunday.

“People feel abandoned by the politicians, they struggle to pay their rent and feed their children,” Legrain said of the 19th, a neighborhood that includes both well-kept middle-class homes and projects covered in peeling paint. “I’m saying, we can turn the page. We can redistribute wealth another way.”

Recent polls find Legrain’s leftist alliance narrowly leading the race with more than a quarter of intended voters — just ahead of Macron’s Ensemble, or “Together” coalition.

While Macron’s centrists may ultimately win the largest number of National Assembly seats, the left-wing New Ecological and Social Popular Union, or NUPES, threatens to steal the president’s majority, making it difficult for him to push through tough reforms.

“The most probable scenario right now is that nobody gets a real majority,” said analyst Lisa Thomas-Darbois of the Montaigne Institute, a Paris-based think tank.

“If that happens, in my opinion, we’ll have a situation in which the government’s entire agenda will be blocked,” she added.

A political coup and discontent

Powering the NUPES is septuagenarian firebrand Jean-Luc Melenchon and his France Unbowed party, which pulled a rare coup last month in uniting the country’s diverse and often squabbling left, from the Communists to the center-left Socialists, for the first time in years.

Anger and disenfranchisement are also driving the NUPES rise in places like the 19th, analysts say, where voters feel Macron’s presidency has left them behind. Despite Macron’s April reelection, voter abstention was high, and many French only backed him to block the far right.

“We’ve had to live with five years of Macron, leaving him in power would be a nightmare,” said 32-year-old city hall worker Samy Bouhaka.

“I’m voting NUPES. On social and environmental issues, it’s the only party that really represents us,” he said.

Legrain, a France Unbowed candidate, ticks off other factors behind the resurgent left: anger at Macron’s efforts to raise the retirement age to 65 from 62, intensifying inflation with the war in Ukraine, a perceived lack of support for hospitals, and unpopular education reforms.

“What I saw in my five years of teaching is the scorn toward the country’s young people,” said Legrain, a teacher in Aulnay-sous-Bois, a working-class, immigrant-heavy Paris suburb that has seen youth rioting over police violence in recent years.

“France is really divided between those who have won with Emmanuel Macron in terms of purchasing power and better living standards, and those who haven’t experienced these gains,” said analyst Thomas-Darbois. “These French will seek the political extremes.”

A polarized France?

Also on the rise is support for the far-right National Rally party, projected to capture up to 50 of the National Assembly’s 577 seats — an all-time high. But that dwarfs the far left’s possible win of nearly half of the overall total.

If that happens, France Unbowed leader Melenchon wants to force Macron to choose him as prime minister, an unlikely but not impossible outcome.

It would not be the first time France has seen a “cohabitation” government, with a president and prime minister from different parties. But few have been so politically polarized.

Beyond opposing many of Macron’s domestic reforms, Melenchon is skeptical of the European Union and hostile to NATO, sharply breaking with France’s globalist leader, although his positions are not shared by other key members of the NUPES alliance. The left-wing bloc wants to freeze prices for basic goods, increase the minimum wage and impose tougher environmental policies.

Dozens of economists recently signed a petition defending the NUPES economic program. Others dismiss it as unrealistic.

Hours before the first round, the outcome of these legislative elections is up for grabs.

Polls find more than a quarter of voters are undecided. Experts fear a high abstention rate.

“Left or right, they always promise a lot before the elections, but once they’re elected, we get nothing at all,” said health care worker Juliette Schubler, after chatting with Legrain at the market.

Another shopper, retiree Alain Fainac, had made up his mind.

“I’m voting Macron,” said Fainac of the president’s party. “He’s not fantastic. But France is a difficult country to govern.”

Posted by Ukrap on

У Нідерландах відбулось останнє засідання у справі MH17, вирок буде за кілька місяців

Posted by Worldkrap on

British Plan to Fly Asylum Seekers to Rwanda Faces Last-Minute Legal Challenge

Britain’s plan to fly asylum seekers 6,000 kilometers to Rwanda faces a last-minute legal challenge.

The first flight is scheduled to leave June 14, carrying up to 100 migrants. However, a group of non-governmental organizations and refugee campaigners have launched a legal case at the High Court in London to seek an injunction blocking the flight. A decision is expected in coming days.

Among the plaintiffs is Clare Moseley, the founder of the charity Care4Calais. “People come from Sudan, Syria, Iraq, Iran. They are all terrified. They have all fled their home countries due to absolutely terrible circumstances. A number of them have suffered extreme torture or trafficking,” Moseley told Reuters.

Deadly journey

So far this year, more than 10,000 migrants have crossed the English Channel in small boats or inflatable dinghies to reach Britain. The route takes them across the busiest shipping lane in the world. Dozens of people have died attempting the crossing, including small children.

Britain says the flow has to stop. Earlier this year British Home Secretary Priti Patel signed a five-year deal, which would see up to 30,000 migrants forcefully deported to Rwanda, where they would be processed through Rwanda’s asylum system. Patel said it would act as a deterrent to migrants hoping to cross the channel.

Britain agreed to pay Rwanda an initial $149 million and cover the operational costs of the plan, estimated at between $25,000 to $35,000 per migrant.

‘Island country’

“Every country has a different approach to migration issues and challenges. We in the United Kingdom are very unique. We are an island country. We’ve also faced flows of literally over 20,000 people in the last calendar year, coming to our country through dangerous routes and dying in the channel, but also dying in the Mediterranean,” Patel told reporters May 19.

“We’re a government along with our partners, the government of Rwanda, finding new, innovative solutions to global problems,” Patel added.

The migrants would be housed in converted houses and hostels in Rwanda.

“At some point once their status has been fixed, they will have to go and live with other Rwandans. But they will be free. They will not be prisoners,” Rwandan government spokesperson Alain Mukurarinda told Associated Press May 19.

“We have the experience of welcoming refugees and we Rwandans have also experienced this situation of being a refugee. So, if there is a way to solve this problem by saving lives, I don’t think Rwanda could not accept,” Mukurarinda added.

U.N. Criticism

However, the policy has been widely criticized, including by the United Nations High Commissioner for Refugees. “UNHCR understands the frustration of the UK government on that and is not in favor of channel crossing, of course. We think there’s more effective ways and more humane ways to address this,” Larry Bottinick, a senior legal officer at the UNHCR, told the Associated Press.

Critics say the policy breaches international refugee conventions, to which Britain is a signatory. However, that doesn’t necessarily mean the judge will rule in the migrants’ favor, says immigration lawyer Colin Yeo, author of the book Welcome to Britain: Fixing Our Broken Immigration System.

“States shouldn’t breach treaties that they’ve signed up to in good faith, but if you’re an individual who’s relying on that treaty, it doesn’t mean that you can just say, ‘well it’s a breach of international law, therefore you can’t do it to me.’ There’s got to be some domestic UK law that you rely on because those treaties don’t automatically become part of British law,” Yeo told VOA.

Fair hearing

Lawyers for the migrants argue they could be denied a fair hearing in the Rwandan asylum system. Separately, lawyers are also arguing that specific individuals scheduled to be on the flight should not be sent to Rwanda.

“So it could be somebody who’s been a victim of trafficking for example. It could be somebody who has been wrongly assessed as being an adult, and actually they say they’re a child. It could be somebody who’s got a serious illness,” Yeo said.

Some of the migrants could also argue that they would face discrimination in Rwanda – for example, if they are from the LGBTQ+ community. “Apparently there’s no anti-discrimination laws, there are reports that some people have been denied access to the asylum system on that basis,” Yeo added.

Posted by Ukrap on

У Раді заблокували роботу депутату Ковальову, який підтримав окупантів Херсонщини – джерело

Олексій Ковальов виключений із фракції «Слуга народу» після того, як він поїхав на окуповану частину Херсонщини і заявив про намір співпрацювати з окупаційною владою

Posted by Worldkrap on

Congressional Investigators Say Trump Plotted ‘Coup’ in First Public Hearing

After more than a year of investigation, the January 6 Committee held its first public hearing Thursday night, making the case before the American people that former U.S. President Donald Trump directed his followers to storm the U.S. Capitol as part of a conspiracy to hold on to the presidency. VOA’s Congressional Correspondent Katherine Gypson has more.

Posted by Worldkrap on

Congressional Panel Lays Out Findings on 2021 Riot at US Capitol

A U.S. congressional committee investigating the January 6, 2021, attack on the U.S. Capitol held its first public hearing Thursday evening, with dramatic footage of the violent riot and excerpts of interviews with members of former President Donald Trump’s inner circle.

The two-hour televised hearing, the first in a series of seven scheduled for the month, followed a wide-ranging probe into the attack by Trump supporters after Trump lost the 2020 presidential election to President Joe Biden.

While key details of the committee’s findings leaked in recent months, members of the committee used the hearing to offer what the panel’s chairman, Representative Bennie Thompson, called “a true accounting of what happened and what led to the attack.”

The attack, Thompson said during opening remarks, was “the culmination of an attempted coup.”

The violence resulted from a “sprawling, multistep conspiracy aimed at overturning the election” and Trump was at the center of the plot, Thompson said.

“And ultimately, Donald Trump, the president of the United States, spurred a mob of domestic enemies of the Constitution to march down to the Capitol and subvert American democracy,” he said.

The January 6 attack followed a speech Trump delivered earlier that day at a really near the White House, where he urged thousands of his supporters to march on the Capitol and “fight like hell.”

As members of Congress gathered inside the Capitol for a quadrennial ritual of the certification of the presidential election results, in this case, Biden’s victory over Trump, more than 2,000 Trump supporters breached the building to stop the proceeding.

Then-Vice President Mike Pence, who was presiding over the session, and members of Congress were evacuated to safety and did not return until later that evening to complete the certification of electoral votes.

Seven people, including one police officer, died as a result of the attack, according to a bipartisan Senate report, and more than 150 police officers were injured.

The attack was an unprecedented event in American history.

Encouraged by Trump, the rioters sought to stop the peaceful transfer of power, “a precedent that had stood for 220 years,” Thompson said.

Trump’s speech and the violence that followed led to his second impeachment, shortly before he left office, making him the only American president to be impeached twice.

Trump was spared ouster from office when most Republican senators voted against his conviction.

The panel’s vice chair, Republican Representative Liz Cheney, said Trump sought to overturn the election by alleging fraud despite being told by advisors that he had lost the vote.

In back-to-back video clips aired during the hearing, several former Trump aides said they did not believe the former president’s allegations of voter fraud.

Former Attorney General Bill Barr recalled telling Trump after the election that he thought his allegation of fraud was “bullshit.” Trump’s daughter, Ivanka, said she accepted Barr’s assessment.

Nevertheless, Trump relentlessly tried to get the Justice Department to declare electoral fraud, enlisting an official to draft a letter to states stating that the department had “identified significant concerns that may have impacted the outcome of the election.”

When rioters descended on the Capitol, instead of condemning the violence, Trump “justified it,” Cheney said.

“President Trump summoned the mob, he assembled the mob and he lit the flame of this attack, ” Cheney said.

Citing testimony by a former Trump administration official, Cheney said when Trump was informed on January 6 that his supporters outside the Capitol were chanting to hang Mike Pence, the former president said, “Maybe our supporters have the right idea. Mike Pence deserves it.”

Previewing the committee’s remaining public hearings, Cheney said the next session, scheduled for Monday, will focus on Trump’s claims of voter fraud despite knowing he’d lost reelection.

The nine-member House committee, made up of seven Democrats and two Republicans, was established by House Speaker Nancy Pelosi last July after Senate Republicans blocked a move to create a bipartisan, independent commission to investigate the Capitol riot.

Committee members and staffers interviewed more than 1,000 witnesses, combed through more than 140,000 documents, and issued nearly 100 subpoenas for testimony and documents.

Many in Trump’s orbit, including son Donald Trump Jr, daughter Ivanka Trump, and son-in-law Jared Kushner, testified before the committee.

Others, though, refused to answer questions, and at least two — former Trump trade adviser Peter Navarro and former White House strategist Stephen Bannon — have been charged with contempt of Congress for refusing to cooperate with investigators.

Republicans have repeatedly attacked the committee’s investigation as a partisan witch hunt designed to undermine Trump’s prospects as a presidential candidate in 2024.

“It is the most political and least legitimate committee in American history. It has used congressional subpoenas to attack Republicans, violate due process, and infringe on the political speech of private citizens,” said House Minority Leader Kevin McCarthy.

The hearing featured a timelined video of the riot and testimony by witnesses U.S. Capitol Police Officer Caroline Edwards, who was injured during the riot, and British documentary filmmaker Nick Quested, who filmed the far-right organization the Proud Boys.

Members of the Proud Boys and the Oath Keepers, an anti-government militia, have been charged with seditious conspiracy as part of the Justice Department’s sprawling investigation into the Capitol riot.

The department estimates between 2,000 and 2,500 people entered the Capitol on January 6, and Attorney General Merrick Garland has vowed to hold everyone involved in the attack accountable.

To date, more than 840 people have been arrested in connection with the January 6 attack, with about 305 pleading guilty, mostly to misdemeanor charges, the Justice Department said on Wednesday.

In a statement, the Justice Department said its “resolve to hold accountable those who committed crimes on Jan. 6, 2021, has not, and will not, wane.”

Jordan Strauss, a former Justice Department and White House official, called Thursday night’s hearing “an opening statement in a complex and sprawling criminal conspiracy case.”

“In terms of scale, the size and scope of this investigation is unprecedented,” Strauss, a fellow at the Kroll Institute, said. “The committee added color not seen before, and a timeline that was powerful and only possible with the benefit of hindsight and close study.”

In addition to the criminal investigation of the rioters, the department has reportedly stepped up its probe of efforts by political operatives and state lawmakers to overturn the 2020 election results.

That has not stopped politicians on the left from taking the Justice Department to task for “failing” to launch a criminal investigation of Trump’s role in the January 6 attack.

Garland has said prosecutors will “follow the facts wherever they lead.”

Posted by Worldkrap on

Turkish Media Groups Voice Concern Over Draft Disinformation Bill

A years-old piece of draft legislation that seeks to criminalize the spread of disinformation is moving toward a vote in the Turkish parliament. The bill is being met with deep concern by media rights groups across the country.

If passed, the so-called “disinformation” law put forward by ruling majority parliamentarians would carry a sentence of up to three years in prison for the spread of fake new or disinformation as defined by government officials.

Newly drafted proposals are laid out across 40 articles, including some that would target social media users and regulate digital media. If passed, the bill would consider digital media outlets as conventional media and subject them to the same rights and regulations as print and broadcast outlets, including the eligibility to apply for press cards and provisions around access to state advertising revenue.

Skeptics of the proposed law say the bill could be used to pressure digital media before the upcoming elections in Turkey. The next presidential and parliamentary elections are scheduled for June 2023, but the opposition parties are calling for snap elections, which Turkish President Recep Tayyip Erdogan has rejected.

“We are concerned that if this bill becomes law before the elections, it will be used as a tool of silencing,” Faruk Eren, head of the press union of the Confederation of Progressive Trade Unions of Turkey, told VOA. “There are vague terms such as ‘fake news and false news’ in the bill. The government already calls every news that disturbs it [a] ‘lie’ or ‘unfounded.’ Now they will try to silence the digital media by using this law.”

The proposal’s signatories, however, say that the bill is needed to protect people from “slander, insults, smears, defamation, hatred and discrimination.” They also argue that such regulations on disinformation are enforced by Western countries, including the United States and European countries.

“Similar regulations are being implemented in Europe,” Mahir Unal, parliamentary group deputy chairman for Erdogan’s ruling Justice and Development Party (AKP), said in a nationally televised interview.

Turkey already has a poor record for media rights, ranking 149 out of 180 countries on the Reporters Without Borders’s (RSF) World Press Freedom Index, where No. 1 is freest. In the report, Paris-based RSF describes Turkey as a country in which “all possible means are used to undermine critics.”

More press cards, more potential violations

Some observers call parts of the bill a step in the right direction for press freedoms in Turkey, such as granting digital reporters eligibility to apply for press cards, which have been a controversial issue in Turkey.

RSF and the U.S.-based Committee to Protect Journalists say the Turkish government has politicized the press card issuance process — which has been run by the presidential communications directorate since 2018 — and discriminated against independent journalists.

“One of the most important regulations in this proposal is considering digital media as conventional media and enabling them to apply for press cards,” Mustafa Gokhan Teksen, an Ankara-based lawyer, told VOA. “This would provide the opportunity of job security for journalists in digital media.”

On the other hand, Teksen said other articles in the bill propose new offenses in the Turkish penal code.

Yaman Akdeniz, a cyberlaw professor at Istanbul Bilgi University, thinks that subjecting digital and conventional media to the same guidelines looks good on paper but, in reality, it comes with specific punitive regulations.

“Not only will decisions to block access and remove content be sent to news websites, but also there will be applications like rebuttal in the press law,” Akdeniz told VOA.

Another section seen as troubling by media rights analysts is Article 29, which allows for jail sentences of up to three years for those who “disseminate misleading information to the public” that disturbs public order and “creates fear and panic.”

The proposed article includes language referring to Turkey’s foreign and domestic security, along with issues of public order and health.

Akdeniz is concerned that Article 29 defines the violations too broadly, such that the language could be exploited against dissidents, media outlets and journalists if the bill becomes the law.

“We are entering a period where we will see more self-censorship due to the expansion of a pre-existing environment of fear with vague definitions,” Akdeniz said. “We will see that investigation of crime will be opened against media outlets because of their coverage, and journalists will be prosecuted for disinformation crimes.”

Social media

The bill also recommends restrictions and penalties for social media companies and individual users deemed to have spread disinformation, with expanded sentences for those who do so anonymously.

Under Article 34, social media companies will be required to appoint representatives holding Turkish citizenship and residing in the country. The representatives will be required to follow legally binding content removal requests and hand over personal data about users. Failure to do could result in “bans, fines and even prison sentences for international companies.”

Akdeniz says that a separate social media law passed in 2020 paved the way for Article 34.

“Back then, [critics of the law warned] social media platforms, ‘Don’t open offices in Turkey; if you give [the Turkish government] an inch, it will take a yard.’ Now, this looks like it is happening,” Akdeniz said.

If the bill becomes the law, Akdeniz said, “social media platforms that do not comply with these regulations would be punished” and possibly face state-backed bandwidth restrictions.

Article 22 covers access to state advertising revenue, including the Press Advertising Agency’s powers to issue penalties and control the appeals process.

Critics say a proposal in Article 22 that allows advertising penalties to be issued without trial, regardless of the appeals process, is particularly threatening for opposition newspapers.

The proposed bill, which passed parliament’s digital media commission with minor changes on June 2, is currently being examined by the justice commission.

The bill is expected to go up for a vote later this month.

This story originated in VOA’s Turkish Service.

Posted by Worldkrap on

Russia, China Unveil First Road Bridge

Russia and China on Friday unveiled the first road bridge between the two countries as Moscow pivots to Asia amid its confrontation with the West over Ukraine.

The kilometer-long bridge over the Amur River links the far eastern Russian city of Blagoveshchensk with Heihe in northern China.

The construction of the bridge was completed two years ago but its inauguration was postponed due to the coronavirus pandemic. 

During a ceremony in Blagoveshchensk on Friday, the bridge opened to freight traffic, with the passage of the first trucks greeted by fireworks.

Consisting of two traffic lanes, the bridge cost around 19 billion rubles ($328 million), according to official figures. 

Once bitter foes during the Cold War, Moscow and Beijing have over the past years ramped up political and economic cooperation as both are driven by a desire to counterbalance what they see as US global dominance.

Trade between Russia and China, which share a 4,250-kilometre border, has flourished since the normalization of relations between the two giants in the late 1980s, but has always come up against the region’s lack of transport infrastructure. 

Posted by Ukrap on

Bloomberg: Данія і Нідерланди виступають проти статусу кандидата в ЄС для України

Водночас більшість європейських країн позитивно ставляться до заявки Києва

Posted by Ukrap on

Україна має одну артилерійську одиницю на 10-15 російських – ГУР

Наразі триває артилерійська війна, і Україна поступається Росії з точки зору артилерії, заявив Вадим Скібіцький

Posted by Ukrap on

Україна розслідує винесення бойовиками «вироку» полоненим іноземцям із ЗСУ – Венедіктова

«Україна… вживатиме всіх необхідних заходів для того, щоб усі, хто був причетний до цих протиправних дій, були притягнуті до відповідальності за них»

Posted by Worldkrap on

Biden Announces Climate Initiatives to Reduce Energy Dependence in Americas

President Joe Biden argued Thursday that his plan to fight climate change and boost clean energy production in the Americas will bring lucrative jobs to Latin American and Caribbean nations. But analysts say he faces many hurdles between idea and implementation. VOA White House Bureau Chief Patsy Widakuswara reports from the Summit of the Americas in Los Angeles.

Posted by Ukrap on

Війна РФ проти України: Зеленський заявив про успіхи ЗСУ в Запорізькій та Харківській областях

«Я вдячний усім нашим захисникам, усім захисницям, завдяки яким це можливо. Завдяки яким ми витримали вже 106 днів повномасштабної війни»

Posted by Ukrap on

За Путіним у закордонних поїздках екскременти і сечу збирає спеціальний співробітник охорони – ЗМІ

За даними журналістів, один із охоронців Путіна з 2017 року відвозить зібраний «біоматеріал» до Росії для того, щоб приховати інформацію про стан здоров’я Путіна