US preparing additional $800m in military aid for Ukraine: Report | Russia-Ukraine war News

America has already despatched billions of {dollars} of navy support to Ukraine, together with weapons programs similar to HIMARS.

America is readying about $800m of further navy support to Ukraine and will announce the plan as quickly as Friday, three sources aware of the matter have informed the Reuters information company.

US President Joe Biden would authorise the help utilizing his Presidential Drawdown Authority, which permits the president to approve the switch of extra weapons from US shares, the sources informed Reuters.

The sources, talking on situation of anonymity, stated that an announcement may slip into subsequent week, and cautioned that weapons packages can change in worth earlier than they’re introduced.

The White Home declined to remark.

Since Russian troops invaded Ukraine in February, in what Russian President Vladimir Putin termed a “particular navy operation,” the battle has settled right into a struggle of attrition fought primarily within the east and south of Ukraine.

Washington has despatched billions of {dollars} in safety help to Kyiv, with weaponry together with excessive mobility artillery rocket programs (HIMARS), mortar and artillery ammunition, Javelin anti-tank missile programs, explosives and demolition tools.

Reuters didn’t elaborate on what may be included within the newest bundle.

Finland says Russian MiG-31 fighter jets violated its airspace | Russia-Ukraine war News

Finnish air drive despatched up ‘an operational flight mission’ and recognized the planes and the Border Guard launched an investigation into the violation.

Two Russian MiG-31 fighter jets are suspected of violating Finnish airspace close to the coastal metropolis of Porvoo on the Gulf of Finland.

The suspected violation occurred at 06:40 GMT on Thursday and the jets had been westbound, the defence ministry’s communications chief Kristian Vakkuri mentioned, including the plane had been in Finnish airspace for 2 minutes.

“The depth of the suspected violation into Finnish airspace was one kilometre,” Vakkuri mentioned however he wouldn’t elaborate on whether or not the planes had been escorted out.

The Finnish air drive despatched up “an operational flight mission” and recognized the MiG-31 jets and the Border Guard launched an investigation into the violation.

The incident got here as Finland seeks NATO membership following Russia’s invasion of Ukraine.

Finland, which shares a 1,300-km (800-mile) jap border with Russia, reversed a long time of navy non-alignment by in search of membership within the North Atlantic alliance in Might, after being rattled by Moscow’s assault on Ukraine.

The Finnish Safety and Intelligence Service warned in Might that “Russia has the desire” to affect Finland’s NATO utility course of, and “varied makes an attempt to take action are to be anticipated”.

All 30 members of the North Atlantic Treaty Group should agree if Finland and Sweden, formally non-aligned however longtime adjunct companions of the alliance, are admitted. Ratification may take as much as a yr.

Finland and Sweden’s accession to NATO would mark one of many greatest shifts in European safety in a long time and additional improve Russia’s strategic isolation.

In response to a NATO checklist, seven member nations have but to formally comply with the brand new double-entry: the Czech Republic, Greece, Hungary, Portugal, Slovakia, Spain and Turkey.

Turkey has raised a problem demanding sure concessions from Finland and Sweden to again their memberships. Ankara has demanded the extradition of dozens of presidency opponents it has labelled “terrorists” from each nations in alternate for its assist.

INTERACTIVE- NATO in Europe with Sweden and Finland

At least six killed as Russia shells Kharkiv flats: Governor | Russia-Ukraine war News

Ukrainian president condemns assault on residential block in nation’s second-biggest metropolis, which he described as ‘despicable’.

Ukraine’s president has condemned a Russian assault that the area’s governor stated killed at the very least six individuals and wounded 16 in Kharkiv, Ukraine’s second metropolis, as “despicable and cynical”.

President Volodymyr Zelenskyy stated a block of flats had been “completely destroyed” in Wednesday night time’s assault, which he stated “had no justification and exhibits the powerlessness of the aggressor”.

“We won’t forgive, we are going to take revenge”, he wrote on the Telegram app.

The raid began a fireplace within the constructing within the northeastern metropolis, Mayor Igor Terekhov stated on Telegram.

Zelenskyy’s media crew shared footage of the aftermath of the assault, exhibiting emergency companies gathered exterior the blazing constructing. A voice on the video described the scene and stated many individuals remained unaccounted for.

“Sadly, the variety of lifeless and wounded within the shelling of Saltivka district has risen to 6 lifeless and 16 injured,” regional Governor Oleg Synehubov stated on Telegram.

Kharkiv was a Russian goal within the early days of the warfare, however its troopers weren’t in a position to take the town. Whereas Moscow has now shifted its navy focus to Ukraine’s east and south, Kharkiv continues to endure assaults from the air.

Russia invaded Ukraine on February 24, claiming it wanted to ‘demilitarise’ its neighbour and shield Russian-speaking communities there, however hundreds have been killed, and tens of millions of Ukrainians have fled.

Ukraine, which broke freed from Russian rule when the Soviet Union collapsed in 1991, has accused Moscow of waging an imperial-style warfare of conquest.

Moscow annexed the southern peninsula of Crimea in 2014 and has supported separatist territories in Donetsk and Luhansk.

It beforehand noticed Crimea as a safe rear base for its warfare in Ukraine, however the space has come below rising strain in latest weeks.

On Tuesday, an ammunition depot within the peninsula’s north was engulfed in hearth, and plumes of smoke have been later seen rising at a second Russian navy base in central Crimea, Russia’s Kommersant newspaper stated. Blasts destroyed warplanes at a Russian naval airbase there final week.

Ukraine has not formally taken duty for the assaults, however has hinted at it. The obvious Ukrainian functionality to strike deeper into Russian-occupied territory, both with some type of weapon or with sabotage, signifies a shift within the battle.

On Wednesday, Russia’s RIA information company cited sources as saying the commander of its Black Sea fleet, Igor Osipov, had been changed with a brand new chief, Viktor Sokolov.

If confirmed, the transfer would mark one of the distinguished sackings of a navy official up to now in a warfare wherein Russia has suffered heavy losses in personnel and gear.

State-owned RIA cited the sources as saying the brand new chief was launched to members of the fleet’s navy council within the Crimean port of Sevastopol.

The Black Sea Fleet, which has a revered historical past in Russia, has suffered a number of humiliations since President Vladimir Putin ordered the invasion, which Moscow calls a ‘particular navy operation’.

Probably the most excessive profile losses was the flagship Moskva, which was sunk within the Black Sea in April.

Kenya’s president-elect Ruto to ‘engage’ with any court challenge | News

William Ruto was declared the winner by a slim margin however his defeated opponent says he plans to problem the consequence.

Kenyan President-elect William Ruto says he “will interact” with any potential court docket challenges to the election outcomes, because the East African nation awaits an anticipated petition from shedding candidate Raila Odinga.

Ruto, the nation’s deputy president, spoke to journalists on Wednesday after assembly with members of his political alliance.

He declared that his administration “could have nothing to do with the blackmail we have now seen, the threats we have now seen, the concern sown across the nation” amid differing political beliefs. “We’re having our democratic nation again,” he stated.

The 55-year-old didn’t instantly deal with Odinga’s plan to problem his victory, however stated, “If there will likely be court docket processes, we are going to interact as a result of we adhere to the rule of regulation.”

INTERACTIVE William Ruto Kenya profile

Ruto asserted he was forging forward with creating an administration, promising that no Kenyan could be excluded, no matter their political or ethnic affiliation.

He additionally promised that public servants will likely be skilled and could be beneath no strain to hold out political work for any celebration.

“I really need us to know that the expectations of the folks of Kenya are big. We don’t have the posh of losing time,” Ruto stated.

Controversy

Ruto, Kenya’s deputy president, was declared the winner of final week’s shut election on Monday, however the electoral fee publicly break up minutes earlier than the declaration.

4 of the seven commissioners, who have been appointed final yr by President Uhuru Kenyatta, asserted that the fee chair excluded them from the ultimate steps earlier than his declaration.

Odinga, an opposition determine in his fifth try on the presidency, has stated his marketing campaign will pursue “all constitutional and authorized choices” to problem the election outcomes. He met his group behind closed doorways on Wednesday. They’ve seven days from Monday’s declaration to file on the Supreme Courtroom, which then has 14 days to rule on it.

It isn’t clear on what grounds Odinga would problem the leads to an election extensively described by Kenyans and observers as extra clear and peaceable than ever. He has urged his typically passionate supporters to stay calm.

“Ours is victory deferred, however it’s coming dwelling,” Odinga’s working mate, Martha Karua, advised journalists on Wednesday. “We’ll not allow you to down.”

In a political twist, Kenyatta backed his longtime rival Odinga on this election after falling out along with his deputy, Ruto, years in the past. Kenyatta has not spoken publicly since he forged his vote final Tuesday.

Russia ministry says economic slump less severe than feared | Business and Economy

Economic system ministry says gross home product to shrink 4.2 % this yr amid sanctions over the battle in Ukraine.

Russia’s economic system will contract lower than anticipated and inflation won’t be as excessive as projected three months in the past, economic system ministry forecasts confirmed, suggesting the economic system is coping with sanctions higher than initially feared.

The economic system is plunging into recession after Moscow despatched its armed forces into Ukraine on February 24, triggering sweeping Western curbs on its power and monetary sectors, together with a freeze of Russian reserves held overseas, and prompting scores of Western corporations to depart.

But practically six months since Russia began what it calls a “particular army operation”, the downturn is proving to be much less extreme than the economic system ministry predicted in mid-Could.

The Russian gross home product (GDP) will shrink 4.2 % this yr, and actual disposable incomes will fall 2.8 % in contrast with 7.8 % and 6.8 % declines, respectively, seen three months in the past.

At one level, the ministry warned the economic system was on observe to shrink by greater than 12 %, in what can be probably the most vital drop in financial output for the reason that fall of the Soviet Union and a ensuing disaster within the mid-Nineties.

The ministry now sees 2022 year-end inflation at 13.4 % and unemployment of 4.8 % in contrast with earlier forecasts of 17.5 % and 6.7 %, respectively.

GDP forecasts for 2023 are extra pessimistic, although, with a 2.7 % contraction in contrast with the earlier estimate of 0.7 %. That is consistent with the central financial institution’s view that the financial downturn will proceed for longer than beforehand thought.

The economic system ministry not noted forecasts for costs for oil, Russia’s key export, within the August knowledge set and supplied no causes for the revision of its forecasts.

The forecasts are resulting from be reviewed by the federal government’s finances committee after which by the federal government itself.

Israel admits to Gaza raid that killed children: Report | Israel-Palestine conflict News

Officers inform Haaretz newspaper that Israel was behind August 7 assault close to Jabalia refugee camp, contradicting earlier claims.

Israeli defence officers have confirmed that an Israeli raid on a Gaza cemetery killed 5 Palestinian kids throughout its assault in early August, based on a brand new report, contradicting earlier statements senior army officers made to native media.

A number of defence sources advised the Haaretz newspaper that a military inquiry into the August 7 assault concluded the 5 kids – Jamil Najm al-Deen Naijm, aged 4; Jamil Ihab Najim, 13; Mohammad Nijm, 17; Hamed Nijm, 17; and Nazmi Abu Karsh, 15, had been killed by an Israeli air assault on the Al-Faluja Cemetery subsequent to the Jabalia refugee camp in northern Gaza.

Within the aftermath of that assault, which got here throughout a three-day Israeli assault on the besieged enclave from August 6 to August 8, a number of senior Israeli officers advised Haaretz the deaths had been doubtless brought on by an off-course Islamic Jihad rocket.

The army didn’t publicly assign blame for the deaths and didn’t reply to an Al Jazeera request for touch upon the most recent report.

Diana, Hamed Nijm's mother cries as she was sitting in the family mourning house
Diana, Hamed Nijm’s mom cries as she was sitting within the household mourning home [Abdelhakim Abu Riash/Al Jazeera]

The silence was conspicuous after the Israeli army had individually shortly forged blame on Islamic Jihad after eight folks, together with kids, had been killed within the Jabalia refugee camp a day earlier.

The Israeli army mentioned it had not carried out any hits on the time of that assault, and later launched video footage showing to point out a number of rockets fired from Gaza, with one showing to fall quick in mid-flight.

Seventeen kids had been among the many 49 Palestinians killed within the three-day assault, which Israel described as a “preemptive operation” following its arrest of an Islamic Jihad chief within the occupied West Financial institution a day earlier.

Gaza children 2022

Talking to Al Jazeera after the August 7 killings, Hamed Najim’s mom famous the assault got here simply hours earlier than a ceasefire, which has since held, went into impact.

“Simply two hours earlier than the truce was introduced, he advised me he would exit for 5 minutes along with his cousins,” she mentioned. “Moments glided by after which we heard a bombing. We ran out to search out my son and his three cousins. They had been all minimize up into items.”

The Norwegian Refugee Council mentioned that three of the boys killed within the assault had been present process trauma remedy earlier than their deaths.

In keeping with information compiled by Protection for Kids Worldwide, a minimum of 2,200 kids have been killed by the Israeli army and Israeli settlers throughout the Occupied Palestinian Territories since 2000 – the start of the second Intifada.

Australia, New Zealand deny ‘rumours’ of meat ban to China | Economy

Response comes after Chinese language media stories imports could possibly be suspended over foot-and-mouth illness considerations.

Australia and New Zealand have stated shipments of meat to China are clearing as regular regardless of Chinese language media stories of a ban on imports from each nations.

The Australian Monetary Assessment newspaper stated one Chinese language media outlet had reported that agricultural imports, significantly meat, from Australia and New Zealand could also be suspended attributable to considerations about foot-and-mouth illness.

“We’re conscious of rumours. The Australian Embassy in Beijing has been in touch with China Customs and no formal notification has been issued,” a spokesperson on the Australian agricultural division stated in an emailed assertion on Tuesday.

Steve Ainsworth, market entry director on the New Zealand Ministry for Main Industries, stated exports had been persevering with as regular.

“We’ve made enquiries with Chinese language authorities, together with via our Embassy workers in China. These enquiries affirm that New Zealand merchandise are persevering with to be cleared via the border,” he stated in an announcement.

Neither Australia nor New Zealand has reported a case of foot-and-mouth illness amongst livestock. However each nations are taking further biosecurity precautions after the animal virus was discovered within the standard Indonesian vacation vacation spot of Bali.

Foot-and-mouth illness is a extremely contagious animal illness that impacts cattle, sheep, goats and pigs however doesn’t pose a menace to people.

Australian authorities modelling tasks a widespread foot-and-mouth outbreak within the nation might have an estimated direct financial affect of about 80 billion Australian {dollars} ($56bn).

Saudi Aramco posts biggest quarterly profit of any listed company | Oil and Gas News

Saudi Aramco posted the most important quarterly adjusted revenue of any listed firm globally pushed by excessive crude costs and manufacturing.

Aramco adopted huge oil rivals reporting a surge in income. Web revenue rose to $48.4 billion within the second quarter, up from $25.5 billion a 12 months earlier, the state-controlled firm stated on Sunday. Its free money move rose by 53% from a 12 months earlier to $34.6 billion.

The corporate is utilizing the windfall to scale back debt and put money into an enormous growth of its manufacturing capability. Aramco is betting that demand for its oil and chemical substances will stay excessive even because the world appears to be like to transition away from fossil fuels.

Aramco “expects oil demand to proceed to develop for the remainder of the last decade, regardless of downward financial pressures on short-term world forecasts” Chief Govt Officer Amin Nasser stated.

Power firms boomed within the first half of this 12 months. Russia’s invasion of Ukraine roiled markets, sending oil costs above $100 a barrel and inflicting refining margins to soar, whereas Aramco is benefiting from each excessive manufacturing and gross sales costs. Corporations akin to Exxon Mobil Corp. and Shell Plc made file earnings within the second quarter.

That’s regardless of heightened angst in regards to the penalties of local weather change, which has triggered a wave of droughts, wildfires and floods within the northern hemisphere this summer time.

However issues about local weather change, surging crude costs have led many western leaders to name on Saudi Arabia to pump extra oil to assist deal with world inflation. US President Joe Biden traveled to Jeddah final month to request a lift in oil output. But the Saudi led group has taken solely modest motion since then. At its final assembly OPEC plus agreed to a 100,000 a day output improve because it anxious about its dwindling spare capability.

International oil demand continues to be “wholesome,” Nasser stated. If aviation gas demand picks as much as pre-pandemic ranges “that may put a whole lot of tightness out there,” he stated.

Aramco is trying to work with companions to put money into carbon seize, renewable vitality, and hydrogen manufacturing, as a part of its objective to succeed in internet zero carbon emissions from operations by 2050, Nasser stated in a name with reporters. That’s even because it appears to be like to spice up its most oil manufacturing capability to 13 million barrels a day, and gasoline manufacturing by as much as 50%.

The Saudi Arabian state-controlled firm stored its quarterly dividend, an important income for the dominion, unchanged at $18.8 billion. That was not like most Western majors, that elevated payouts to shareholders.

Aramco additionally lowered gearing, a measure of debt to fairness, to 7.9% from 14.2% on the finish of 2021. Income climbed 80% to $150 billion and free money move, which had dropped beneath the extent wanted to fund its dividend funds in 2020, rose 53% from a 12 months earlier to $34.6 billion. Revenue beat an organization compiled analyst estimate of $46.2 billion.

Pumping More | Aramco's daily oil output rose to 10.5 million barrels in the second quarter

The quarter could mark a excessive level for Aramco. Whereas Brent crude averaged $112 a barrel between April and June, it’s since fallen beneath $95 because the US and European economies gradual and China imposes Covid lockdowns.

Nonetheless, Saudi Arabia is ramping up output together with different members of OPEC+, the producers’ cartel it leads alongside Russia. The dominion pumped 10.5 million barrels a day of crude within the second quarter. It elevated that determine to nearly 11 million in July and is underneath strain from the US and different main importers to go even greater, regardless of some analysts doubting it has a lot spare capability.

Aramco would haven’t any drawback producing 12 million barrels a day if requested to by the Saudi authorities, Nasser stated. The corporate can be engaged on rising crude oil most sustainable capability from 12 million barrels per day to 13 million by 2027.

It may even have one other 1 million barrels a day obtainable for export by 2030 because the nation appears to be like to interchange crude oil burning energy stations with gasoline and renewable energy.

Aramco listed in Riyadh in 2019, although it’s nonetheless 94% state-owned. Its shares have gained 25% this 12 months, giving it a market valuation of $2.4 trillion.

It may promote shares in a few of its items on the Saudi inventory trade, Nasser stated, as a part of a “portfolio optimization” plan that has already seen it dump stakes in subsidiaries that lease its oil and gasoline pipelines.

Aramco is contemplating a plan to record its buying and selling unit, individuals acquainted instructed Bloomberg in Might.

The corporate is scheduled to launch a extra detailed breakdown of its outcomes, together with the efficiency of its upstream and downstream items, on Monday.

–With help from Kateryna Kadabashy, Patrick Sykes and Leen Al-Rashdan.

Japan’s economy rebounds from COVID, growing 2.2 percent in Q2 | Business and Economy

Development pushed by rise in personal consumption following the lifting of pandemic curbs in March.

Japan’s economic system grew an annualised 2.2 p.c within the second quarter, as sturdy personal consumption offered a lift to the nation’s long-delayed restoration from the COVID-19 pandemic.

The comparatively sturdy financial knowledge launched on Monday comes after gross home product (GDP) grew simply 0.1 p.c through the January-March interval.

The expansion was pushed largely by a 1.1 p.c rise in personal consumption, which accounts for greater than half of Japan’s GDP, as eating out, leisure and journey rebounded following the lifting of pandemic curbs in March.

The most recent outcomes imply Japan’s 542.12 trillion yen ($4.07 trillion) economic system is now bigger than it was earlier than the pandemic hit.

The world’s third-largest economic system, nevertheless, nonetheless faces an unsure highway to restoration amid slowing international progress and rising inflation, provide chain constraints, a weakening yen, and a resurgence in home COVID-19 infections, which have topped 200,000 each day instances in current weeks.

In July, the Worldwide Financial Fund minimize Japan’s progress outlook for 2022 to 1.7 p.c, down from 2.4 p.c in April.

Japan’s financial restoration from the pandemic has lagged different nations attributable to weak consumption, which has been exacerbated by ongoing border controls and home pandemic restrictions that continued till March.

The weak restoration has turned the Financial institution of Japan into a worldwide outlier, with it sticking to an ultra-loose financial coverage as different central banks elevate charges to tame rising inflation.

Armenia’s capital Yerevan hit by deadly explosion | News

DEVELOPING STORY,

Mayor’s workplace says an unknown variety of folks have been trapped underneath rubble after an explosion hit the market in Yerevan.

Not less than one individual has been killed and an unknown variety of persons are feared trapped in rubble after a powerful explosion ripped by means of a retail market in Armenia’s capital Yerevan, in accordance with officers.

Rescue staff have been working to tug folks out of the rubble, Levon Sardaryan, a spokesman for the Yerevan mayor, instructed The Related Press information company.

Maria Titizian, a journalist based mostly in Yerevan, stated the market constructing has crashed and remains to be burning. The casualty figures are anticipated to extend, she stated.

“It’s a really busy market within the afternoon and that’s the reason at this second it’s troublesome to provide actual numbers,” she stated.

“In accordance with the ministry related to emergency conditions, the fires began the place fireworks are offered, they imagine that was the reason for the explosions however at this level it can’t be confirmed,” Titizian stated.

The Ministry of Emergency Conditions stated there have been 10 fireplace engines on the spot, and 10 extra have been on their option to the Surmalu market, situated about 2km (1.2 miles) south of the town’s centre.

The reason for the blast was not instantly recognized.

Pictures and movies posted on social media confirmed a thick column of black smoke over the market as successive explosions may very well be heard.

The emergency ministry stated at the least 20 folks have been injured within the blast.

Firefighter evacuate a wounded woman f
Firefighter evacuate a wounded girl from the hearth at Surmalu market in Yerevan. [Daniel Bolshakov/AP Photo]