Ukraine stages major attack on Russian aircraft with drones, security official saysNew Foto - Ukraine stages major attack on Russian aircraft with drones, security official says

KYIV (Reuters) -Ukraine conducted a large drone attack on Russian military aircraft on Sunday, a security official told Reuters, saying 40 Russian warplanes were struck. If confirmed, the strikes would be the most damaging Ukrainian drone attack of the war, and would be a significant setback for Moscow. The official said that the strikes were conducted by the SBU domestic intelligence agency, and that they had simultaneously hit four Russian military air bases on Sunday. The source, speaking on condition of anonymity, said more than 40 aircraft were hit, including Tu-95 and Tu-22 strategic bombers, which Russia uses to fire long-range missiles at Ukraine. Reuters could not immediately verify the assertions. The source shared video footage, saying it showed the strikes. The images showed several large aircraft, some of which appeared to be Tu-95 strategic bombers, on fire. Ukraine, which lacks Russia's vast arsenal of missiles, has instead built up a large fleet of attack drones which it has used to attack Russian military and oil facilities. Russia had proposed a fresh round of talks in Istanbul on Monday, but Kyiv has thus far neither confirmed nor denied that it will be attending. (Reporting by Tom Balmforth, writing by Max Hunder; Editing by Elaine Hardcastle, William Maclean)

Ukraine stages major attack on Russian aircraft with drones, security official says

Ukraine stages major attack on Russian aircraft with drones, security official says KYIV (Reuters) -Ukraine conducted a large drone attack o...
Stanley Fischer, former Fed vice chair and Bank of Israel chief, dies at 81New Foto - Stanley Fischer, former Fed vice chair and Bank of Israel chief, dies at 81

By Steven Scheer JERUSALEM (Reuters) - Stanley Fischer, who helped shape modern economic theory during a career that included heading the Bank of Israel and serving as vice chair of the U.S. Federal Reserve, has died at the age of 81. The Bank of Israel said he died on Saturday night but did not give a cause of death. Fischer was born in Zambia and had dual U.S.-Israeli citizenship. As an academic at the Massachusetts Institute of Technology, Fischer trained many of the people who went on to be top central bankers, including former Federal Reserve Chairman Ben Bernanke as well as Mario Draghi, the former European Central Bank president. Fischer served as chief economist at the World Bank, and first deputy managing director at the International Monetary Fund during the Asian financial crisis and was then vice chairman at Citigroup from 2002 to 2005. During an eight-year stint as Israel's central bank chief from 2005-2013, Fischer helped the country weather the 2008 global financial crisis with minimal economic damage, elevating Israel's economy on the global stage, while creating a monetary policy committee to decide on interest rates like in other advanced economies. He was vice chair of the Federal Reserve from 2014 to 2017 and served as a director at Bank Hapoalim in 2020 and 2021. Current Bank of Israel Governor Amir Yaron praised Fischer's contribution to the Bank of Israel and to advancing Israel's economy as "truly significant". The soft-spoken Fischer - who played a role in Israel's economic stabilisation plan in 1985 during a period of hyperinflation - was chosen by then Finance Minister Benjamin Netanyahu and Prime Minister Ariel Sharon as central bank chief. Netanyahu, now prime minister, called Fischer a "great Zionist" for leaving the United States and moving to Israel to take on the top job at Israel's central bank. "He was an outstanding economist. In the framework of his role as governor, he greatly contributed to the Israeli economy, especially to the return of stability during the global economic crisis," Netanyahu said, adding that Stanley - as he was known in Israel - proudly represented Israel and its economy worldwide. Israeli President Isaac Herzog also paid tribute. "He played a huge role in strengthening Israel's economy, its remarkable resilience, and its strong reputation around the world," Herzog said. "He was a world-class professional, a man of integrity, with a heart of gold. A true lover of peace." (Reporting by Steven Scheer; Editing by Frances Kerry)

Stanley Fischer, former Fed vice chair and Bank of Israel chief, dies at 81

Stanley Fischer, former Fed vice chair and Bank of Israel chief, dies at 81 By Steven Scheer JERUSALEM (Reuters) - Stanley Fischer, who help...
Tim Walz Tells Democrats to 'Be Meaner,' Calls Trump 'Cruel'New Foto - Tim Walz Tells Democrats to 'Be Meaner,' Calls Trump 'Cruel'

Minnesota Gov. Tim Walz speaks to delegates at the South Carolina Democratic Party Convention on Saturday-May 31, 2025. in Columbia, South Carolina. Credit - Meg Kinnard—AP Minnesota Gov. Tim Walz shared some stark words for Democrats on Saturday, calling for his fellow party members to "be a little meaner" in the pushback against President Donald Trump. "It's because he is," Walz said at the South Carolina Democratic Party Convention, addressing why he called Trump a "wannabe dictator." Walz ran as the Democratic Vice Presidential nominee with then-Presidential candidate Kamala Harris against Trump and Vice President J.D. Vance in 2024. Theformer public school teacherwas initially praised during the election for hisrelatabilityandMidwestern appeal. "'Oh, the Governor's being mean,' well, maybe it's time for us to be a little meaner, maybe it's time for us to be a little more fierce," Walz said. "We have to ferociously push back on this…the thing that bothers a teacher more than anything is to watch a bully." When the bully is a child, you teach them why bullying is wrong, Walz explained, but when the "bully is an adult like Donald Trump, you bully… him back." "At heart, this is a weak, cruel man," Walz said of Trump. Walz's comments come amid wider efforts among the Democratic Party to step toe-to-toe with Trump's far-reaching and sweeping changes at the federal government, which have seen him attempt to flex hisexecutive power in unprecedented ways. Other efforts from the Democratic Party and beyond include work by progressives like New York Rep. Alexandria Ocasio-Cortez, a Democrat, and Independent Vermont Sen. Bernie Sanders, who are currently holding rallies across the U.S. as part of their "Fighting Oligarchy" tour, in an attempt to push back against and highlight the growingpower of wealthy individualsin and around Trump's government. Read More:Sen. Bernie Sanders Issues Stark Warning About Trump During Surprise Coachella Appearance Meanwhile, leaders like Connecticut Sen. Chris Murphy are looking for ways torebuild the Democratic Party, leaning further into economic populism in order to win elections, especially after the economy loomed so large during the 2024 campaigns. As the left is rocked by just the first few months of Trump's second term at the White House, Democratic leaders seem eager to embrace new ideas in the hope they can rebound in 2026 and—eventually—2028. Contact usatletters@time.com.

Tim Walz Tells Democrats to 'Be Meaner,' Calls Trump 'Cruel'

Tim Walz Tells Democrats to 'Be Meaner,' Calls Trump 'Cruel' Minnesota Gov. Tim Walz speaks to delegates at the South Caroli...
Trump officials are visiting Alaska to discuss a gas pipeline and oil drillingNew Foto - Trump officials are visiting Alaska to discuss a gas pipeline and oil drilling

JUNEAU, Alaska (AP) — The Trump administration is sending three Cabinet members to Alaska this week as it pursues oil drilling in the pristine Arctic National Wildlife Refuge and reinvigorating anatural gas projectthat's languished for years. The visit by Department of Interior Secretary Doug Burgum, Energy Secretary Chris Wright and Environmental Protection Agency Administrator Lee Zeldin comes after Trumpsigned an executive orderearlier this year aimed at boosting oil and gas drilling, mining and logging in Alaska. It also comes amidtariff talkswith Asian countries that are seen as possible leverage for the administration to secure investments in the proposed Alaska liquefied natural gas project. Their itinerary includes a meeting Sunday with resource development groups and U.S. Sens. Dan Sullivan and Lisa Murkowski in Anchorage before heading to Utqiagvik, an Arctic town on the petroleum-rich North Slope where many Alaska Native leaders see oil development as economically vital to the region. The federal officials also plan to visit the Prudhoe Bay oil field Monday — near the coast of the Arctic Ocean and more than 850 miles (1,368 kilometers) north of Anchorage — and speak at Republican Gov. Mike Dunleavy's annual energy conference Tuesday in Anchorage. While it's not unusual for U.S. officials to visit Alaska during warmer weather months, Dunleavy's office said the officials' visit is significant. Dunleavy,a Trump ally, said he is thankful for an administration that "recognizes Alaska's unique value." Government and industry representatives from a number of Asian countries, including Japan, are expected to participate in a portion of the trip, reflecting pressure from the U.S. to invest in the pipeline — despite skepticism and opposition from environmental groups. In Alaska, some environmentalists criticized the agenda for Dunleavy's conference. Highlighting fossil fuels alongside renewable or alternative energy make "energy sources of the past look more legitimate at a conference like this," said Andy Moderow, senior policy director with the Alaska Wilderness League. "I think we should be looking at climate solutions that work for Alaskans, not trying to open up places that industry is taking a pass on, namely the Arctic refuge," he said. A push for more drilling Trump has long taken credit for provisions of a 2017 tax law championed by Alaska's congressional delegation that called for two oil and gas lease sales in the Arctic National Wildlife Refuge's coastal plain by late 2024.The firstone remains the subject of ongoing litigation, with the main bidder a state corporation that saw itsseven leases later canceledby then-President Joe Biden's administration.A judge in Marchruled Biden's administration overstepped, and the Interior Department, in line with Trump's executive order, is working to reinstate the leases. There weren't any bids in the second sale, held under Biden andblasted by the stateas overly restrictive. Debate over drilling in the refuge — home to polar bears, musk ox, birds and other wildlife — has long been a flashpoint. Indigenous Gwich'in leaders consider the coastal plain sacred land, noting its importance to a caribou herd they rely upon. ManyNorth Slope Iñupiat leaderswho support drilling in the refuge felt their voices were not heard during the Biden era. During the Trump officials' visit, they also hope to make a case for additional development in the National Petroleum Reserve-Alaska, which Trump has advocated, and for being included in planning decisions. Nagruk Harcharek, president of Voice of the Arctic Iñupiat, an advocacy group whose members include leaders from the region, called the officials' visit "a step in the right direction." 'Gigantic natural gas pipeline' For years, the state has sought to develop its stores of North Slope natural gas as a way to provide affordable energy to more residents and bolster revenues via exports. But cost concerns,shifts in direction, competition from other projects and questions about economic feasibility have stymied progress. Oil companies have long reinjected gas that occurs with oil deposits on the slope to produce more oil, which remains Alaska's economic lifeblood. The latest gas proposal calls for a roughly 810-mile (1,300-kilometer) pipeline that would carry gas from the North Slope to port and a facility that would process and export liquefied natural gas to Asian countries. In a March speech to Congress, Trump touted his ongoing support of the "gigantic natural gas pipeline." He said countries like Japan and South Korea "want to be our partner, with investments of trillions of dollars each." No firm commitments from countries have been made. The company advancing the project — in partnership with a state corporation — is in a stage of refining cost estimates, previously pegged at around $44 billion for the pipeline and related infrastructure, before final decisions are made on whether to move forward with the project. Alaska in the spotlight While Dunleavy has likened Trump's friendly approach to energy development as "Christmas every day," Alaska's fortunes remain tightly linked to the volatility of oil prices, which are down sharply from a year ago, squeezing state revenues. State lawmakers across party lines overwhelmingly passed a resolution urging Congress to provide Alaska with 90% of royalty revenues for oil and gas leases in the Arctic refuge, arguing the U.S. government reneged on past promises for such a share. The resolution also asked for that to be extended to the petroleum reserve. Alaska's tax structure allows companies like ConocoPhillips Alaska — which is pursuing amassive oil project known as Willowin the reserve — to write off a portion of their development costs against production taxes they incur elsewhere on the North Slope. While lawmakers widely support Willow, they also have argued a change in federal royalty share would address a hit to state revenues created by production in the reserve.

Trump officials are visiting Alaska to discuss a gas pipeline and oil drilling

Trump officials are visiting Alaska to discuss a gas pipeline and oil drilling JUNEAU, Alaska (AP) — The Trump administration is sending thr...
Putin's tough stance on a Ukraine peace plan shows his resolve on Russia's demandsNew Foto - Putin's tough stance on a Ukraine peace plan shows his resolve on Russia's demands

By making harsh, uncompromising demands inpeace talks with Ukrainewhile continuing to pummel it withwaves of missiles and drones,Russian President Vladimir Putin is sending a clear message: He will only accept a settlement on his terms and will keep fighting until they're met. At the same time, he has sought to avoid angering U.S.President Donald Trumpby praising his diplomacy and declaring Moscow's openness to peace talks — even as he set maximalist conditions that are rejected by Kyiv and the West. Trump, who once promised to end the3-year-old warin 24 hours, hasupended the U.S. policyof isolating Russia by holding calls with Putin and denigrating Ukrainian President Volodymyr Zelenskyy. At the same time, however, Trump warned Putin against "tapping me along" and threatened Moscow with sanctions if it fails to back his peace proposals. Trump says Putin is 'playing with fire' In recent days, Trump signaled he was losing patience with Putin, declaring the Russian leader had gone "crazy" by stepping up aerial attacks on Ukraine. He also said: "What Vladimir Putin doesn't realize is that if it weren't for me, lots of really bad things would have already happened to Russia, and I mean REALLY BAD. He's playing with fire!" Dmitry Medvedev, a former Russian president who serves as deputy head of Putin's Security Council, fired back: "I only know of one REALLY BAD thing — WWIII. I hope Trump understands this!" Fyodor Lukyanov, a Moscow-based analyst familiar with Kremlin thinking, said Putin is engaged in a "psychological game" with Trump, with both men thinking they understand each other well. "Putin's tactics is apparently based on an assumption that the issue has a lesser priority for his interlocutor, who wants to get rid of it one way or another, while for the Russian side, nothing compares to it in importance," Lukyanov wrote a commentary. "In this logic, the one who sees it as something of lesser importance will eventually make concessions." While Ukraine's European allies urge Trump to ramp up sanctions against Moscow to force it to accept a ceasefire, some fear that Trump may end up distancing the U.S. from the conflict. If the U.S. halts or reduces military aid to Kyiv, it would badly erode Ukraine's fighting capability. Growing Russian pressure Kyiv already is experiencing a weapons shortage, particularly air defense systems, leaving it increasingly vulnerable to Russian missile and drone attacks. Across the over 1,000-kilometer (over 600-mile) front line, the exhausted and outgunned Ukrainian troops are facing increasing Russian pressure. This month, Russian forces accelerated their slow push across the Donetsk region, the focus of Moscow's offensive, grinding through Ukrainian defenses at the quickest pace since last fall. Russia also expanded its attacks in the northeastern Sumy and Kharkiv regions following Putin's promise to create a buffer zone along the border. Many observers expect Russia to expand its offensive over the summer to try to capture more land and set even tougher conditions for peace. "Moscow thinks its leverage over Ukraine will build over time, and since Trump has strongly implied that he will withdraw from negotiations the Russian military is set to intensify its operations," said Jack Watling of the Royal United Services Institute in London. He predicted Russia would intensify efforts to take all of the Donetsk region while also pressing a bombing campaign. "The Kremlin will want to suggest a deteriorating situation as negotiations continue and to signal to Europe that the rear is not safe, to discourage European militaries from putting forces in country," Watling said in an analysis. Sergei Markov, a pro-Kremlin, Moscow-based analyst, said the long-expected offensive hasn't yet begun in earnest as Russia is cautious not to anger Trump. "If Kyiv derails peace talks, the Russian army will start a big offensive," he said. Putin's conditions for peace Putin has demanded that Ukraine withdraw its forces from Donetsk, Luhansk, Zaporizhzhia and Kherson — the four regions that Russia illegally annexed in September 2022 but never fully controlled. That demand had been rejected by Kyiv and its allies, but the Russian delegation reportedly repeated it during talks with Ukraine in Istanbul on May 16. Those talks, the first since botched negotiations in the opening weeks of the war, came after Putin effectively rejected a 30-day truce proposed by Trump that was accepted by Kyiv. Russia had linked such a ceasefire to a halt in Ukraine's mobilization effort and a freeze on Western arms supplies. Putin proposed talks to discuss conditions for a possible truce. Trump quickly prodded Kyiv to accept the offer, but the negotiations yielded no immediate progress except an agreementto exchange 1,000 prisonerseach. Russia offered to hold another round of talks Monday in Istanbul, where it said it will present a memorandum setting conditions for ending hostilities. It refused to share the document before the negotiations. Some observers see the talks as an attempt by Putin to assuage Trump's growing impatience. "Putin has devised a way to offer Trump an interim, tangible outcome from Washington's peace efforts without making any real concessions," said Tatiana Stanovaya of the Carnegie Russia Eurasia Center. Facing Western accusations of stalling, the Kremlin responded that the conflict can't be resolved quickly and emphasized the need to address its "root causes." When Putin invaded Ukraine, he said the move was needed to prevent Ukraine from joining NATO and protect Russian speakers in the country -– arguments strongly rejected by Kyiv and its Western allies as a cover for an unprovoked act of aggression. Along with those demands, Putin also wants limits on Ukraine's sovereignty, including the size of Ukraine's military, and for Kyiv to end what Moscow sees as glorification of Ukraine's World War II-era nationalist leaders, some of whom sided with the invading forces of Nazi Germany over the Soviet leadership in the Kremlin. A Kremlin negotiator who's been there before Seeking to underline that Moscow will press home its initial demands, Putin appointed his aide Vladimir Medinsky to lead the Russian delegation in Istanbul. He also led the Russian side in the 2022 talks. Kyiv reportedly has asked the U.S. to encourage Putin to replace him. The soft-spoken, 54-year-old career bureaucrat, who was born in Ukraine, ascended through the Kremlin ranks after writing a series of books exposing purported Western plots against Russia. In an interview with Russian state television after the May 16 talks, Medinsky pointed to Russia's 18th century war with Sweden that lasted 21 years, a signal that Moscow is prepared to fight for a long time until its demands are met. "History repeats itself in a remarkable way," he said.

Putin’s tough stance on a Ukraine peace plan shows his resolve on Russia’s demands

Putin's tough stance on a Ukraine peace plan shows his resolve on Russia's demands By making harsh, uncompromising demands inpeace t...

 

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