MONTREAL, Might 30, 2022 /CNW Telbec/ – (NYSE: CAE) (TSX: CAE) – CAE will keep a meeting call on June 1st at 8:30 a.m. Japanese Time (ET) to deliver analysts and institutional traders with a critique of CAE’s fiscal calendar year 2022 fourth quarter and total-year benefits and will launch its outcomes, in progress on Could 31st, 2022, after current market shut.
Marc Dad or mum, CAE’s President and Main Government Officer, Sonya Branco, CAE’s Government Vice President, Finance and Main Financial Officer, and Andrew Arnovitz, CAE’s Senior Vice President, Trader Relations and Enterprise Possibility Management, will take part in this contact supposed for money analysts, institutional buyers and the media. Remember to note that the media will have the chance to question questions immediately following the analysts’ question period.
The conference will be webcast stay on CAE’s internet site at www.cae.com. The webcast will be archived adhering to the celebration.
Party: CAE’s FY2022 Q4 and total-12 months money benefits and conference get in touch with
Date: June 1st, 2022
Time:8:30 a.m. ET
Cell phone figures for conference simply call:
Region
Cellular phone range
North The usa
1-877-586-3392
Canada
+1-416-981-9024
Australia
1800703671
Belgium
080077657
France
0800919393
Germany
08001816101
Netherlands
08000222280
Singapore
8001012594
United Kingdom
08004960381
Fast replay (out there 3 several hours just after the connect with finishes for 48 several hours): 1-800-558-5253 or +1-416-626-4100 – Entry code: 22019146
About CAE
CAE is a significant engineering enterprise, at the foremost edge of digital immersion, offering options to make the environment a safer location. Backed by a report of 75 many years of sector firsts, we carry on to reimagine the client experience and revolutionize education and operational support methods in civil aviation, defense and stability, and healthcare. We are the husband or wife of preference to customers globally who operate in intricate, substantial-stakes and largely controlled environments, where successful results are critical. As testament to our customers’ ongoing desires for our remedies, above 60 percent of CAE’s profits is recurring in character. We have the broadest world presence in our marketplace, with much more than 13,000 workers, 180 web-sites, and teaching areas in more than 35 nations. www.cae.com
According to Census Bureau data released Wednesday, orders for nondefense capital goods excluding aircraft — a.k.a. core capex or business investment — climbed 0.3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} to a record $73.1 billion in April.
While the 0.3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} growth rate represents a deceleration from the 1.1{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} rate in March, it’s the kind of slowing that’s welcome news for folks like the Federal Reserve, which is actively working to cool economic growth in its effort to bring down inflation.
“That is consistent with our view that economic activity is bending rather than breaking under the impact of higher rates,” Michael Pearce, senior U.S. economist for Capital Economics, said in a note on Wednesday.
Core capex growth represents a massive economic tailwind. And the fact that it continues to grow, albeit at a decelerating pace, is a good sign for economy-wide growth.
According to S&P Global Flash US Manufacturing PMI report released on Wednesday, these emerging economic trends have continued into May. Specifically, the composite output index fell to a four-month low of 53.8 in May. For this index, any reading above 50 signals growth, and so the declining number suggests growth is decelerating.
“Growth has slowed since peaking in March, most notably in the service sector, as pent up demand following the reopening of the economy after the Omicron wave shows signs of waning,” Chris Williamson, chief business economist at S&P Global Market Intelligence, wrote on Wednesday.
Consumer spending growth cools as excess savings get tapped
Growth appears to be cooling on the consumer front too.
According to a BEA report released Friday, personal consumption expenditures (i.e., consumer spending) increased by 0.9{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in April from the prior month to new record levels. However, this was a healthy deceleration from March’s 1.4{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} growth rate.
The spending came as the saving rate (i.e., the difference between income and spending) fell to its lowest level since September 2008.
“It looks like households have been eating into the ‘excess saving’ that was built up at earlier stages of the pandemic in order to fuel consumer spending in recent months,” Daniel Silver, economist at JPMorgan, wrote in a note on Friday.
News of a slowdown is not exactly the kind of thing that warrants a celebratory tone. But it’s exactly the kind of thing that should help bring inflation down.
More signs that supply chains are easing
S&P’s PMI report also suggested there could be some daylight in the disrupted supply chains.
“Manufacturers in particular also report that capacity continues to be constrained by supply shortages, though these bottlenecks showed further encouraging signs of easing,“ S&P’s Williamson said (emphasis added).
It’s also been a while since we’ve heard about ships idling outside of ports waiting to be unloaded.
“U.S. port data suggest easing backlogs,” JPMorgan economists wrote last week. “Notable examples are the ports of Los Angeles and Long Beach, which process about 40{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of total imports into the US.”
And it’s not just ocean freight that’s loosened. Trucking freight seems to be loosening too.
According to BofA’s Truck Shipper Survey for the week ending May 19, “shippers find it much easier to secure capacity (its highest level since June 2020).“
Last month, I wrote about how economists across the board were saying that inflation — as measured by year-over-year increases in prices — had peaked.
On Friday, we got more evidence to confirm that may be the case.
The core PCE price index — the Fed’s preferred measure of inflation — climbed 4.9{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in April from a year ago. This is down from the 5.2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} rate in March and the 5.3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} peak rate in February.
On a month-over-month basis, the core PCE price index has climbed by a cool 0.3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} over the past three months.
It’s still too early to claim victory on inflation
“Many have touted March as the peak in inflation and are looking for inflation to cool from here,” Grant Thornton Chief Economist Diane Swonk said on Friday.. “We are not as convinced given the risks we still face due to the war in Ukraine and lockdowns in China. Either way, it is important to note that any cooling we see will have a high floor. Both the overall and core PCE indices remain well above the Federal Reserve’s 2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} target.”
Indeed, inflation has a long way to go to get to 2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} from 4.9{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.
📈 Stocks surge, ending 7-week losing streak: The S&P 500 rallied 6.6{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} last week, ending a seven-week losing streak. It was the biggest one-week gain since November 2020. The index is now down 13.3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} from its January 3 closing high of 4796.56, but 6.6{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} above its May 19 closing low of 3,900.79. For more on market volatility, read this and this. If you wanna read up on bear markets, read this.
💰 Corporate insiders are buying their companies’ stock: From JPMorgan: “…corporate insiders are holding a non-consensus view across most sectors and actively buying the dip with net insider buying activity reaching 1STDev above trend level.“
📈 Mortgage rates are still high, but tick down: The average rate for the 30-year fixed rate mortgage declined to 5.10{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} from 5.25{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} the week prior. Here’s Freddie Mac: “Mortgage rates decreased for the second week in a row due to multiple headwinds facing the economy. Despite the recent moderation in rates, the housing market has clearly slowed, and the deceleration is spreading to other segments of the economy, such as consumer spending on durable goods.“
🏡 New home sales slump: Sales of newly built homes fell 16.6{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} month-over-month to an annual rate of 591,000 units, according to Census Bureau data.
😤 Consumer sentiment tumbles: The University of Michigan’s index of consumer sentiment fell to 58.4 in May, its lowest level since August 2011. From the survey: “This recent drop was largely driven by continued negative views on current buying conditions for houses and durables, as well as consumers’ future outlook for the economy, primarily due to concerns over inflation.“
🛫 People are doing stuff: From Yahoo Finance’s Emily McCormick: “On Thursday, both Southwest Airlines and JetBlue raised their quarterly guidance, citing strong demand heading into the critical summer travel season. Both upward revisions came just weeks after the companies initially reported their forecasts last month.“
It’s jobs week in America. Wednesday comes with the April Job Openings & Labor Turnover Survey and Friday comes with the April employment report. Employment growth has been very strong and record-high job openings have enabled workers to earning higher wages.
Sam Barnes, IMCOM-Europe assistant chief of team, G8, was regarded as the Military Comptroller of the Year for beneath command stage award from the Assistant Secretary of the Army for Economic Management and Comptroller. (Image Credit score: Courtesy photo)
SEMBACH, Germany – Accounting, budgeting, figuring out sources for future missions, acquisitions, manpower – all of these dollars-oriented jobs tumble into the environment of military comptrollers. For Sam Barnes, Set up Management Command Europe assistant main of employees, G8, receiving an Army comptroller award is just the end result of 32 many years of teamwork.
“It’s extremely humbling to be acknowledged for, what I look at, is actually a team hard work – a incredibly huge staff,” Barnes stated. It is not just useful resource supervisors, it’s the Directorate of Community Is effective, it’s the functions groups, it’s commanders, it is means management specialists, it is our headquarters. “It’s a total bunch of persons that resulted in a person human being being regarded, so it is fairly humbling.”
Barnes will get his Army Comptroller of the Yr for underneath command stage award from the Assistant Secretary of the Military for Monetary Management and Comptroller at the starting of June in front of his Office of Protection friends at an once-a-year qualified growth institute in Atlanta. In his role at IMCOM-Europe, Barnes supplies source administration management to 7 garrisons which include 94 kasernes and three ahead operating web-sites throughout the European theater.
When Barnes graduated from James Madison College as a marketing and advertising key, he didn’t hope to head down the comptroller vocation path that led to his recognition. Nonetheless, he took gain of a summer time use application with Military Materiel Command and joined the Military Reserve right after graduation, where he put in 21 yrs in the Transportation and Logistic corps before retiring as a lieutenant colonel in 2010.
Currently being in the Reserve and likely by means of all the very same coaching as his lively duty counterparts, authorized Barnes to take the Soldier experiences he had and choose them again to his civilian job supporting Soldiers. “It gave me a genuinely fantastic perception into the importance of what we do as civilians due to the fact I consider at times that receives lost,” he reported.
During his job, Barnes has labored for Military businesses in Massachusetts and Virginia and throughout the source administration occupation subject as a funds analyst, and in programming and manpower. His advertising track record also aided out in securing methods. A little bit of promoting is involved in justifying why a garrison or command requires a selected prerequisite, Barnes stated. Element of his current placement incorporates not only competing for sources across the Military and DoD, but also in advising and mentoring methods supervisors and commanders to have an understanding of the ecosystem in which they are competing for means.
In July, Barnes’ route will acquire him back to Fort Belvoir, Virginia, for his quantity just one precedence, his family members. However, he reported he’s doubtful the place particularly his job will acquire him in the future. As a big enthusiast of heritage he would take pleasure in remaining connected to Europe, as effectively as to the up and coming workforce that he enjoys mentoring.
And, in accordance to his award citation, mentorship is a talent at which Barnes excels. “Sam is a real advocate and proponent for experienced enhancement and management across the European theater … He is consistently driven towards positive final results that help his customers.”
NTT Finance joined new Series B round to assistance D-ID broaden the horizons of reducing-edge Electronic Human and Reenactment systems
TOKYO, May perhaps 31, 2022 /PRNewswire/ — NTT Finance, economical team enterprise of Japanese telecommunications giant NTT, invested in D-ID, the earth chief in AI-driven imaginative media. The funding is portion of D-ID’s recent $25 million Sequence B round. The round was led by investment decision organization Macquarie Money, with major investments from Pitango, AXA Undertaking Partners, OurCrowd, OIF Ventures, Maverick and Marubeni. The new infusion provides D-ID’s total funding to $48 million.
Expenditure in D-ID was facilitated by NTT Innovation Laboratory Israel (NTT Israel), a wholly owned subsidiary of NTT that serves as an internal strategic source to breakthrough innovation from Israel. NTT Israel’s mission is to help the evolution of NTT Team customer enterprises, boost innovation and electronic transformation. NTT Israel collaborates with Israeli corporations and academia creating chopping-edge systems in Cyber Stability, Electronic Health, AI, Robotics and other different fields, as very well as endorsing expenditure alternatives with Israeli businesses.
The proceeds from this round, from buyers across 3 continents, will enable D-ID to double the quantity of experts on its environment-course deep-studying and laptop or computer vision groups, broadening the scope and arrive at of its pioneering technological know-how as it proceeds to create goods that rework the digital-human interface. The round will also allow D-ID to broaden and support the company’s sales and advertising groups in the United States, APAC and EMEA.
This new spherical of funding comes on the heels of a whirlwind of success for D-ID. In early March, the firm was named by Quick Business as one of the Most Ground breaking Corporations of 2022 in EMEA. In February, D-ID received ideal use of AI in the Digiday Marketing and advertising and Promoting Awards Europe, and in January, the firm’s proprietary Reside Portrait technology was named a finalist for the prestigious SXSW Innovation Award.
“We are grateful for this vote of self-confidence from NTT group, and thrilled to embark on a meaningful partnership that will empower us to carry on increasing and strengthening our associations and arrive at within Japan and globally,” claimed Gil Perry, CEO and Co-Founder of D-ID.
About NTT Finance NTT FINANCE, which is the 1st organization that NTT established in April 1985 after being privatized, presents economical settlements and finance products and services. We goal to create new value by way of our billing answer business enterprise that supplies billing/collection expert services and cloud payment providers, credit rating card organization, and finance expert services enterprise that delivers different providers related to finance and accounting. NTT FINANCE is a wholly owned subsidiary of NTT. Stop by us at https://www.ntt-finance.co.jp/eng/
About NTT Israel NTT Innovation Laboratory Israel (NTT Israel) is a strategic focal stage to NTT in Israel, a world chief in offering technological know-how and business enterprise options to people today, purchasers, and communities. With $112B in profits and additional than 320,000 personnel in around 80 international locations and areas, NTT leads the Japanese communications market, and is a Fortune 100 corporation. Founded on July 2021, NTT Israel facilitates synergies concerning NTT and the Israeli ecosystem. Firm offerings incorporate open up innovation processes, consulting with NTT organization models, as properly as Labs and Tailored services and collaboration with academia. NTT Israel is a wholly owned subsidiary of NTT.
NTT Media Make contact with: [email protected]
About D-ID D-ID is a Tel Aviv-dependent Imaginative Reality™ startup specializing in patented online video reenactment technological innovation making use of AI and deep understanding. D-ID’s solutions vary from animating however photographs, to facilitating substantial-top quality video clip productions, and developing viral user encounters. With funding from tier 1 VCs, D-ID aims to radically disrupt the time, problem and expenses included in movie generation, letting for the creation of extremely individualized media applying AI, especially in e-discovering, company teaching, marcomms, AI assistants, record and the Metaverse. With international shoppers, D-ID’s core competencies in the human deal with and deep discovering permit its partners to develop remarkable and engaging information that was until now unimaginable. To find out more, take a look at www.d-id.com.
D-ID Media Get in touch with: Gina Shaffer [email protected]
New Delhi [India], Could 30 (ANI/NewsVoir): QFX Marketplaces, a major award-successful, and a person of the most dependable Fx Prime brokers that offers multiple investing possibilities in crypto, currencies, stocks, commodities, and indices between other individuals have efficiently accomplished 2 many years in the sector with nearly 2 lakh investor base and over 1 lakh account activations on their platform in the past 18 months, baggage 20+ Fx marketplace awards whilst growing functions from 32 countries globally.
The company’s mission is to empower folks with the expertise of world-wide marketplaces enabling them to make educated expenditure decisions. It provides the finest trading system MT5 which is a impressive, modern-day trading platform with innovative characteristics providing traders and traders a point out-of-the-art investing experience to perform their most effective. The system is quick to use with excellent execution speeds and attributes like a trader’s calculator, overall performance stats, true-time details on market place sentiment, etc. It is suited for skilled traders and has superior features like advanced order administration instruments, and extra native specialized indicators, and is quick to configure and customize the buying and selling set up.
Also Read through | #Taiwan Steps Up Armed service Exercise routines and Arms Buys to Discourage #China Assault
Examine: – Latest Tweet by IANS India.
The around the world 2022 fx industry is well worth USD 2,409,000,000 (USD 2.409 quadrillion). USD 6.6 trillion on regular every single working day is traded on foreign trade markets. This is appreciably higher than the former analysis accomplished by the Lender for Intercontinental Settlements (BIS) in 2016 when it was valued at USD 1.934 quadrillion bucks. The currency trading industry is the largest monetary sector in the environment in phrases of trading quantity, liquidity, and benefit. As opposed to other markets these as equities, the fx sector is the only money marketplace with 24/7 availability.
The corporation regularly wonderful-tunes and improves its trading platform as it firmly believes that with this at any time-evolving sector, improvisation is a need to. The Platform is not only working digital buying and selling venues exactly where purchasers and sellers can join, but also a selection of software that addresses all the things from pre-trade analytics and information evaluation to put up-trade regulatory reporting and tracking of offers.
Also Study | FC Bengaluru United Appoint Khalid Ahmed Jamil As Head Coach.
As on-line investing continues to evolve and progressively moves towards currently being dominated by AI and device learning systems. Algorithms and equipment studying will be the forthcoming game-changers for the marketplace and the new norm for the long term. Investors are now increasingly applying AI-driven investment decision platforms, which are promising them safe and steady returns, citing their value-efficiency, simplicity, and accessibility. Of late, the coronavirus pandemic has considerably accelerated this changeover, with retail buyers last but not least commencing to unlock the complete prospective of these resources.
QFX established its ecosystem system for sharing investments (copy trading) with monetary robots on the QFX and futures marketplaces, QFX enables buyers to obtain and copy trade from these slicing-edge buying and selling robots from any place in the environment in genuine-time. It is all in the name! Copy Trading, as the title, suggests consists of tracking and duplicating trades executed by other substantial-profile investors in the monetary marketplaces. The COVID-19 pandemic has adjusted the business landscape throughout all industries and has proven the environment that technological know-how is the only saviour. It accelerated the enhancement period, in which most buying and selling is remaining done remotely and devoid of the need to be bodily accessible. A lot of people today have turn into extra interested in investing for the reason that technology has eased the process of finding out and getting into the marketplaces, inexperienced persons will have the possibility to learn from knowledgeable traders and copy their trades from a nicely-formulated system, that will make it possible for people to satisfy, chat, learn, understand and much more.
Lavish Choudhary, CEO of QFX Marketplaces, claims, “The automated forex trading investing method has been expanding promptly, and the ‘side-hustle’ trader is also benefited from this. Contemporary technological know-how enables a trader to shell out considerably less time in the market and will make it straightforward for traders to make investing a aspect income. Fx investing is appropriate for any person, in any position, who wants to get a facet-hustle money: with currency trading marketplaces open up 24 several hours a working day and 5 days a 7 days, this offers appreciable flexibility to trade in terms of time and place. One particular can use QFX automated robot trading to get over the handicap of restricted time to execute and handle trades. QFX’s solutions and program have been lauded by its admirers for its incredible threat management instruments including labeling significant-danger methods as well as their sorting operation has gained recognition with the the latest awards. If you might be a newbie searching to stay profitable whilst mastering the ropes or an expert trader searching for added validation, QFX is the proper platform for you.”
QFX Trade Confined is a top Foreign exchange Primary Broker that offers numerous buying and selling options like crypto, currencies, stocks, commodities, and indices among the others. The organization has been serving its clients for yrs and operates in additional than 32 international locations. QFX is an automated trading system which also supplies a copy buying and selling function, where clientele can get further cash flow by following the accounts of extra knowledgeable traders, by investing just one hour a working day in examining, executing, and checking one’s portfolio. It empowers persons with the know-how of global markets and supplies its customers with access to the world’s foremost economical establishments while delivering cutting-edge technologies remedies. Its intention is to supply an remarkable provider practical experience by way of innovation and commitment to high quality at all ranges – from research ability to consumer care solutions.
For more data, you should check out site qfxmarkets.com.
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Turkish president Erdogan tells Putin he is ready to help end Ukraine war
Turkish president Recep Tayyip Erdogan told Russia’s Vladimir Putin in a telephone conversation on Monday that he is ready to meet with officials from Russia, Ukraine, and the United Nations in Istanbul to help bring about an end to the war, according to a statement from the Turkish government.
Erdogan told Putin that there is a “need for steps that will minimize the negative effects of the war and build trust” by ending hostilities as soon as possible, the Turkish statement said.
Russia’s government confirmed that the two leaders had spoken and said that Putin told Erdogan that Russia is ready to “facilitate the unhindered sea transit of goods” in the Black and Azov Seas, including the export of grain from Ukrainian ports.
Putin added that Russia could export “significant volumes” of fertilizer and agricultural products, helping to ease concerns about the global food market, if and when Western sanctions against Russia are lifted.
—John Rosevear
Kids play at being soldiers near Kyiv
Ukrainian boys Andrii, aged 12 and his friend Valentyn 6, play at being soldiers and man their makeshift checkpoint in their village next to a school crossing. The two boys have become well known to passing motorists on May 27, 2022 in Stoyanka, Ukraine. As Russia concentrates its attack on the east and south of the country, residents of the Kyiv region are returning to assess the war’s toll on their communities. The towns around the capital were heavily damaged following weeks of brutal war as Russia made its failed bid to take Kyiv.
Ukrainian boys Andrii, aged 12 and his friend Valentyn 6, play at being soldiers and man their makeshift checkpoint in their village next to a school crossing. The two boys have become well known to passing motorists on May 27, 2022 in Stoyanka, Ukraine.
Christopher Furlong | Getty Images
STOYANKA, UKRAINE – MAY 27: Ukrainian boys Andrii, aged 12 and his friend Valentyn 6, play at being soldiers and man their makeshift checkpoint in their village next to a school crossing. The two boys have become well known to passing motorists on May 27, 2022 in Stoyanka, Ukraine. As Russia concentrates its attack on the east and south of the country, residents of the Kyiv region are returning to assess the war’s toll on their communities. The towns around the capital were heavily damaged following weeks of brutal war as Russia made its failed bid to take Kyiv. (Photo by Christopher Furlong/Getty Images)
Christopher Furlong | Getty Images News | Getty Images
As Russia concentrates its attack on the east and south of the country, residents of the Kyiv region are returning to assess the war’s toll on their communities. The towns around the capital were heavily damaged following weeks of brutal war as Russia made its failed bid to take Kyiv.
STOYANKA, UKRAINE – MAY 27: Ukrainian boys Andrii, aged 12 and his friend Valentyn 6, play at being soldiers and man their makeshift checkpoint in their village next to a school crossing. The two boys have become well known to passing motorists on May 27, 2022 in Stoyanka, Ukraine. As Russia concentrates its attack on the east and south of the country, residents of the Kyiv region are returning to assess the war’s toll on their communities. The towns around the capital were heavily damaged following weeks of brutal war as Russia made its failed bid to take Kyiv. (Photo by Christopher Furlong/Getty Images)
Christopher Furlong | Getty Images News | Getty Images
STOYANKA, UKRAINE – MAY 27: Ukrainian boys Andrii, aged 12 and his friend Valentyn 6, pose as theyplay at being soldiers and man their makeshift checkpoint in their village next to a school crossing. The two boys have become well known to passing motorists on May 27, 2022 in Stoyanka, Ukraine. As Russia concentrates its attack on the east and south of the country, residents of the Kyiv region are returning to assess the war’s toll on their communities. The towns around the capital were heavily damaged following weeks of brutal war as Russia made its failed bid to take Kyiv. (Photo by Christopher Furlong/Getty Images)
Christopher Furlong | Getty Images News | Getty Images
STOYANKA, UKRAINE – MAY 27: Ukrainian boy Valentyn 6, poses in the trench that he and his friend Andrii have dug at their makeshift checkpoint in their village next to a school crossing. The two boys have become well known to passing motorists on May 27, 2022 in Stoyanka, Ukraine. As Russia concentrates its attack on the east and south of the country, residents of the Kyiv region are returning to assess the war’s toll on their communities. The towns around the capital were heavily damaged following weeks of brutal war as Russia made its failed bid to take Kyiv. (Photo by Christopher Furlong/Getty Images)
Christopher Furlong | Getty Images News | Getty Images
Christopher Furlong | Getty Images
Ammonia pipeline damaged and leaking, local Ukrainian official says
Ammonia gas is leaking from a damaged pipeline in Ukraine’s Donetsk region, according to the local governor.
Pavlo Kyrylenko, governor of the Donetsk region in southeastern Ukraine, said that a pipeline built to carry ammonia from Togliatti in Russia to the Ukrainian city of Odesa was damaged “as a result of hostilities” and is leaking ammonia gas.
According to Kyrylenko, winds are carrying the dangerous gas from the leak near village of Travneve towards the city of Bakhmut. Bakhmut had a population of about 72,000 before the war began.
The Togliatti-Odesa pipeline is the longest ammonia pipeline in the world. According to the governor, the damaged section is part of a branch that has not been used since 2014.
There is currently no information on casualties, Kyrylenko said.
—John Rosevear
A French journalist was killed by Russian artillery, local Ukrainian official says
A French journalist has been killed in Ukraine, according to a regional governor.
In posts to the messaging service Telegram, Serhiy Haidai said that an “accredited” French journalist suffered a fatal neck wound while riding in an armored evacuation vehicle that was shelled by Russian forces.
Haidai is the governor of the Luhansk region in eastern Ukraine. Luhansk is part of the Donbas area that Russian forces are attempting to occupy and control.
According to Haidai, the vehicle was on its way to pick up people as part of a local evacuation when it came under fire. He said that the evacuation effort has been stopped for now.
French president Emmanuel Macron confirmed the death of the journalist, Frédéric Leclerc-Imhoff, in a tweet.
Update: The French 24-hour news channel BFMTV has released a statement on Leclerc-Imhoff’s death.
32-year-old Frédéric Leclerc-Imhoff had worked for our channel for six years. He was a graduate of the Institute of Journalism Bordeaux Aquitaine. It was his second mission to Ukraine since the start of the Russian invasion, which began on February 24.
The Altice media group and the editorial staff of BFMTV share the pain of his family and loved ones. This tragic event reminds us of the dangers faced by all journalists who have been reporting this conflict at the risk of their lives for more than three months now.
—John Rosevear
Ukrainian volunteers mark the 500th camouflage net in Odesa
People weave camouflage nets in Odesa, Ukraine. Ukrainian volunteers mark the 500th net which they made for the Ukrainian army.
People weave camouflage nets in a weaving camouflage nets center in Odessa, Ukraine, on May 30, 2022. Ukrainian volunteers mark the 500th net which they made for the Ukrainian army.
Vladimir Shtanko | Anadolu Agency | Getty Images
People weave camouflage nets in a weaving camouflage nets center in Odessa, Ukraine, on May 30, 2022. Ukrainian volunteers mark the 500th net which they made for the Ukrainian army.
Vladimir Shtanko | Anadolu Agency | Getty Images
People weave camouflage nets in a weaving camouflage nets center in Odessa, Ukraine, on May 30, 2022. Ukrainian volunteers mark the 500th net which they made for the Ukrainian army.
Vladimir Shtanko | Anadolu Agency | Getty Images
People weave camouflage nets in a weaving camouflage nets center in Odessa, Ukraine, on May 30, 2022. Ukrainian volunteers mark the 500th net which they made for the Ukrainian army.
Vladimir Shtanko | Anadolu Agency | Getty Images
Ukrainian volunteers leave their signatures on the Ukrainian flag which will be handed over to the soldiers of the Ukrainian army, in the weaving camouflage nets center in Odessa, Ukraine, on May 30, 2022.
Vladimir Shtanko | Anadolu Agency | Getty Images
People show signed Ukrainian flags in a weaving camouflage nets center in Odessa, Ukraine, on May 30, 2022.
Vladimir Shtanko | Anadolu Agency | Getty Images
-Vladimir Shtanko | Anadolu Agency | Getty Images
EU should reach ‘overall’ agreement on Russian oil ban today: Bulgarian PM
After much negotiation, the EU should be able to reach an “overall” agreement on an embargo of Russian oil imports on Monday before the EU leaders’ summit begins, Bulgarian Prime Minister Kiril Petkov said.
“I think it will pass with certain derogations,” Petkov was quoted by Reuters as saying.
“Overall it should pass, depending on some individual characteristics and criteria that member states may have,” he said.
Support for ending Russian energy imports has grown within the bloc since Russia launched its invasion of Ukraine, but with significant opposition and delay as many EU states rely heavily on Russia for their energy needs. As a whole, the bloc imports just over one-third of its oil from Russia.
Hungary has been the main roadblock in enacting a Russian oil ban and is set to get an exemption along with a few other landlocked states that receive their oil via pipeline. To accommodate these countries, the EU’s ban will target only Russian oil brought in by tankers. This sanctions package would be the sixth from the EU since the war began in late February.
— Natasha Turak
Some 90{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of all buildings in Severodonetsk are damaged, Zelenskyy says
Smoke rises from the city of Severodonetsk, Donbass region, on April 6, 2022, as Ukraine tells residents in the country’s east to evacuate “now” or “risk death” ahead of a feared Russian onslaught on the Donbas region, which Moscow has declared its top prize.
Fadel Senna | AFP | Getty Images
Russian shelling has damaged the vast majority of buildings in the eastern city of Severodonetsk, Ukrainian President Volodymyr Zelenskyy said.
“Some 90{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of buildings are damaged. More than two-thirds of the city’s housing stock has been completely destroyed. There is no telecommunication,” Zelenskyy said in his nightly address. Other Ukrainian officials have described fierce fighting in the area.
Russian forces are surrounding Severodonetsk, a city in the Luhansk Oblast which many fear could be the next Mariupol. It had a pre-war population of some 100,000 people, now reduced to roughly 10,000, authorities have said. Severodonetsk and Lysychansk are the only remaining parts of the Luhansk region in the Donbas still under Ukrainian government control.
Russian Foreign Minister Sergei Lavrov said on Sunday that for Moscow, the Donbas was an “unconditional priority.”
— Natasha Turak
Germany to relax its visa rules in support of Russian dissidents fleeing to the country
Germany is set to remove some of the red tape surrounding visas for Russians, specifically those in danger in Russia for being critical of Vladimir Putin’s government and the war in Ukraine, the country’s Interior Ministry said.
“We want to offer Russian journalists who are being persecuted in Russia protection in Germany,” Nancy Faeser, a spokesperson for the ministry, said. The move comes despite warnings from Germany’s intelligence services that Russians working in German companies could pose espionage threats.
Those who would qualify to stay longer in Germany than the 90 days on the Schengen tourist visa include human rights activists, journalists, and NGO and civil society group employees that have taken a stand against the war, the ministry said during a government news conference. The changes follow activism by German human rights groups pushing for state support of Russian dissidents whose lives were under threat there.
— Natasha Turak
Fierce fighting, civilians killed in Severodonetsk as Russian troops enter city’s outskirts
People from Severodonetsk are seen on a van that will take them to Kramatorsk. Severodonetsk, the largest city under Ukrainian control in Luhansk province, has come under intense artillery and missile strikes from the Russian army.
Rick Mave | Lightrocket | Getty Images
Russian troops have entered the outskirts of Severodonetsk, the eastern-most city still under Ukrainian control and a last holdout in the Luhansk region.
“Unfortunately we have disappointing news, the enemy is moving into the city,” regional governor Serhiy Haidai said on Ukrainian television, describing the fighting as “very fierce.”
Haidai said in a statement earlier on Monday that two civilians had been killed and five injured by Russian shelling, and that 12 houses in the city were destroyed as well as 18 in neighboring Lysychansk.
“Russian shells killed two Severodon residents and wounded five others,” Haidai wrote in a Telegram post. “Most of them are residents of one block in the old part of the city. They were preparing food in the yard when the shelling suddenly started. Two residents of Sirotyn were seriously injured. All the wounded received home care and are already in hospitals in Donetsk region.”
— Natasha Turak
Ukraine’s Eurovision-winning band raises $900,000 for military by auctioning trophy
Kalush Orchestra from Ukraine celebrate after winning the Grand Final of the Eurovision Song Contest at Palaolimpico arena, in Turin, Italy, Saturday, May 14, 2022.
Luca Bruno | AP
The PD-2 is made by Ukrainian unmanned aerial systems manufacturer Ukrspecsystems and has a range of more than 124 miles, according to the company. The auction was held on Facebook and hosted by Ukrainian TV presenter Serhiy Prytula.
The winning bid came from European crypto exchange WhiteBit, which made the purchase with 500 ether at a value of $900,000.
Eurovision is an international song contest that’s been held annually since 1956, where countries from Europe put forward bands and songs to compete for the most votes from the public and a panel of judges. Ukraine’s hip-hop and folk band Kalush Orchestra won in a landslide with their song Stefania, a powerful ode to Ukraine’s mothers.
— Natasha Turak
After a failed attempt, EU to continue negotiating potential sanctions on Russian oil
Hungary’s Prime Minister Viktor Orban arrives for the European Union leaders summit, as EU’s leaders attempt to agree on Russian oil sanctions in response to Russia’s invasion of Ukraine, in Brussels, Belgium May 30, 2022.
Johanna Geron | Reuters
The EU will continue to work Monday toward an agreement to embargo Russian oil, after attempts to do so on Sunday failed.
The talks are largely held up by Hungary, a major user of Russian oil and whose leader Viktor Orban is on friendly terms with Russia’s Vladimir Putin.
Budapest over the weekend signaled support for a European Commission proposal that would apply sanctions only on Russian oil brought into the EU by tankers, which would allow landlocked energy importers Hungary, Slovakia and the Czech Republic to continue to receive their Russian oil via pipeline until alternative sources can be found. Talks were held up however by demands from Hungary for EU financing.
The proposed sanctions on oil imports would be part of the EU’s sixth sanctions package on Russia since it invaded Ukraine in late February.
Roughly 36{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the EU’s oil imports come from Russia. Energy prices, already high at the start of this year, have skyrocketed since Putin launched the war against Ukraine.
— Natasha Turak
UK ministry says Russian forces likely suffered ‘devastating losses’ among officers
Russian servicemen patrol the destroyed part of the Ilyich Iron and Steel Works in Ukraine’s port city of Mariupol on May 18, 2022. The Russian army has likely suffered “devastating losses” amongst its mid and junior ranking officials in the conflict, which will likely exacerbate problems modernizing its approach to command and control, the U.K. defense ministry said.
Olga Maltseva | AFP | Getty Images
The Russian army has likely suffered “devastating losses” among its mid and junior ranking officials, which will likely exacerbate problems in modernizing its approach to command and control, the U.K. defense ministry said.
Junior officers are leading lowest level tactical actions because the army lacks highly trained and empowered non-commissioned officers who fulfil that role in Western forces, the ministry said in an intelligence update.
“More immediately, battalion tactical groups (BTGs) which are being reconstituted in Ukraine from survivors of multiple units are likely to be less effective due to a lack of junior leaders,” the ministry added.
“Brigade and battalion commanders likely deploy forwards into harm’s way because they are held to an uncompromising level of responsibility for their units’ performance,” the ministry said.
The lack of experienced and credible commanders is also likely to result in a further drop in morale and continued poor discipline following multiple credible reports of localized mutinies amongst Russian forces, the ministry added.
— Chelsea Ong
West waited too long to confront Putin and now he has all the leverage, professor says
The world, particularly the West, should have been more alert to Putin’s actions in Georgia and Ukraine in previous years and should have more actively engaged with Russia then, says Angus Blair, professor at the American University in Cairo.
Ukraine’s Donbas ‘unconditional priority’ for Moscow, Russia’s Lavrov says
Russian Foreign Minister Sergei Lavrov attends a meeting with Secretary-General of the Shanghai Cooperation Organisation (SCO) Zhang Ming in Moscow, Russia May 18, 2022.
Russian Foreign Ministry | Reuters
The “liberation” of Ukraine’s Donbas is an “unconditional priority” for Moscow, while other Ukrainian territories should decide their future on their own, RIA news agency cited Russia’s Foreign Minister Sergei Lavrov as saying on Sunday.
“The liberation of the Donetsk and Luhansk regions, recognized by the Russian Federation as independent states, is an unconditional priority,” Lavrov said in an interview with French TV channel TF1, according to RIA.
For the rest of the territories in Ukraine, “the people should decide their future in these areas,” he said.
— Reuters
EU fails to reach agreement on Russia oil embargo
European Commission President Ursula von der Leyen arrives for the European Union leaders summit, as EU’s leaders attempt to agree on Russian oil sanctions in response to Russia’s invasion of Ukraine, in Brussels, Belgium May 30, 2022.
Johanna Geron | Reuters
The European Union failed to reach an agreement on a Russian oil embargo, a senior EU official told Reuters.
Diplomats will still try to make progress ahead of a Monday-Tuesday summit on an exemption for pipeline deliveries to landlocked Central European countries, officials told the news agency.
The proposed sanctions, which would be the EU’s sixth package in response to Russia’s invasion of Ukraine, are facing oil supply concerns from countries including landlocked Hungary.
Talks have been going on for a month, and would continue Monday, Reuters said.