Latest News
Trump says Putin talks ‘don’t go anywhere’ as he imposes new sanctions
The US has announced new sanctions targeting Russia’s two largest oil companies – Rosneft and Lukoil – in an effort to pressure Moscow to negotiate a peace deal in Ukraine.
“Every time I speak to Vladimir, I have good conversations and then they don’t go anywhere. They just don’t go anywhere,” President Donald Trump said, after a meeting with Nato Secretary-General Mark Rutte to discuss peace negotiations.
The sanctions announcement came one day after Trump said a meeting planned with Russian President Vladimir Putin in Budapest would be shelved indefinitely.
Earlier Wednesday, Russia unleashed an intense bombardment on Ukraine that killed at least seven people, including children.
US Treasury Secretary Scott Bessent said the new sanctions were needed due to “Putin’s refusal to end this senseless war”. He said these oil companies fund the Kremlin’s “war machine”.
“Now is the time to stop the killing and for an immediate ceasefire,” Bessent said in a statement.
Speaking alongside Rutte in the Oval Office on Wednesday, Trump criticised Putin for not being serious about making peace and said he hoped that the sanctions would help force a breakthrough.
“I just felt it was time. We waited a long time,” Trump said.
He called the sanctions package “tremendous”, and added that he hoped they could be swiftly withdrawn if Russia agrees to stop the war.
Rutte also praised the move, saying it was “putting more pressure” on Putin.
“You have to put pressure, and that is just what he did today,” Rutte said.
The move comes as key differences between US and Russian proposals for peace became increasingly clear this week. Trump has indicated that a key sticking point has been Moscow’s refusal to cease fighting along the current front line.
Last week, the UK slapped a similar sanctions package on Rosneft and Lukoil.
“There is no place for Russian oil on global markets,” UK Chancellor Rachel Reeves said while announcing the move.
Responding to the UK, Russia’s embassy in London said targeting its country’s major energy companies would disrupt global fuel supplies and drive up costs worldwide.
It also said the sanctions would have “a detrimental impact on the energy security” of developing and underdeveloped countries, adding “pressure only complicates peaceful dialogue and leads to further escalation”.
The two Russian oil firms export 3.1 million barrels of oil per day. Rosneft is responsible for nearly half of all Russian oil production, which makes up 6% of the global output, according to estimates from the UK government.
Oil and gas are Russia’s biggest exports, and Moscow’s biggest customers include China, India and Turkey. Trump has also urged these countries to halt purchases of Russian oil in a bid to put economic pressure on the Kremlin.
Trump’s move was praised by UK Foreign Secretary Yvette Cooper, who said the US sanctions are “strongly welcome”.
EU Commission President Ursula Von der Leyen posted on X that she spoke by phone to Bessent on Wednesday about “Russia’s lack of commitment to the peace process”.
She also praised a new sanctions package approved by the European Union on Wednesday, which includes a ban on Russian liquefied natural gas imports.
“With the imminent adoption of the EU’s 19th package, this is a clear signal from both sides of the Atlantic that we will keep up collective pressure on the aggressor,” she wrote.
Earlier this year, the UK and US also sanctioned major Russian energy companies Gazprom Neft and Surgutneftegas.
At the White House, Rutte was expected to discuss a 12-point plan formulated by European NATO allies and Kyiv, which would see the current front lines frozen, a return of deported children as well as a prisoner exchange between the two warring countries.
The plan also includes a war recovery fund for Ukraine, as well as security pathways and a clear pathway for Ukraine to join the EU, as well as increased military aid to Kyiv and economic pressure on Moscow.
Earlier this week, Trump said he did not want a “wasted meeting” with Putin in Budapest, and suggested a main point of contention is Moscow’s refusal to cease fighting along the current front lines of the war.
He last met with Putin in Alaska for a summit the White House hoped would lead to the end of the conflict. Instead, the fighting has continued.
A preparatory meeting between US Secretary of State Marco Rubio and Russian Foreign Minister Sergei Lavrov was also shelved. The meeting this week was no longer “necessary” after a “productive” call, the White House said.
Trump has repeatedly endorsed proposals to freeze the fighting along current frontlines.
“Let it be cut the way it is,” he said on Monday. “I said: cut and stop at the battle line. Go home. Stop fighting, stop killing people.”
Russia has pushed back against that idea, with Kremlin spokesperson Dmitry Peskov saying that “the consistency of Russia’s position doesn’t change” – a reference to its desire for Ukrainian troops to leave the Donbas region in Ukraine’s east.
On Wednesday, Trump also pushed back against reporting in the Wall Street Journal that the US had approved Ukrainian long-range missile strikes into Russia, calling it “fake news”.
Ukrainian President Volodomyr Zelensky has expressed a desire for the US to supply long-range US Tomahawk missiles to his forces and suggested that the threat of their introduction to the war theatre may bring Russia to the negotiating table.
[BBC]
Latest News
Special Dengue Prevention Week declared in Colombo District from June 15 to 21
A decision has been taken to declare a Special Dengue Prevention Week from 15 to 21 of June by the Colombo District Dengue Control Committee to curb the spread of the disease in the Colombo District.
This decision was taken at the meeting of the Colombo District Dengue Control Committee held on Friday (12) at the Colombo District Secretariat under the patronage of Prime Minister Dr. Harini Amarasuriya.
Compared to last year, the number of dengue cases reported this year has increased significantly. According to the National Dengue Control Unit, approximately 39,100 dengue cases have been reported island wide to date, of which 25.8% have been recorded in the Colombo District. Following this situation, the Colombo District has been identified as a high-risk district.
Health authorities informed that the increasing spread of the disease has been influenced not only by the nature of circulating virus but also to the lack of sufficient immunity among the population. They further noted that the recent period of heavy rainfall has aggravated the spread of Dengue.
It was also identified that the current outbreak is being reported more frequently from public places such as government institutions, private establishments, schools, and religious venues rather than from residential premises. Observations have identified improperly managed solid waste and drainage systems in offices and other public locations as major breeding grounds for mosquitoes.
Accordingly, during the Dengue Prevention Week from 15 to 21 June, a series of measures will be implemented, including, organising community clean-up campaigns in government and private institutions, schools, residential areas, and other public spaces; Conducting inspections of high-risk premises by Divisional Secretariats and taking legal action, where necessary, followed by awareness programmes; Distributing informational leaflets, displaying banners, and carrying out public awareness campaigns through the media. Health authorities also requested school administrations not to involve students below Grade 10 in school cleaning programmes and to immediately notify the relevant Medical Officer of Health (MOH) office if a student is diagnosed with dengue.
The programme is expected to receive the active support and participation of the district’s political leadership, religious leaders of all faiths, public officials, local government institutions, the tri-forces, the police, and the general public.
The event was attended by the Chairperson of the District Coordination Committee, Members of Parliament, representatives of local government authorities, government secretaries, police officers, and officials representing the education and health sectors, among others.
[Prime Minister’s Media Division]
Business
SpaceX IPO debuts in US markets, Musk becomes world’s first trillionaire
SpaceX has debuted on US markets with a market valuation of more than $2 trillion, minting CEO Elon Musk as the world’s first trillionaire.
Shares opened on Friday at $150 per share, marking a 11 percent increase from the initial public offering (IPO) price of $135, valuing the company at $1.96 trillion and putting the aerospace company on track to become the sixth-largest company in the United States.
The stock surged 18 percent to $159 per share, up from the $135 it had been priced at, as the trading day came to a close.
Markets more broadly ticked higher amid a possible interim peace deal between the United States and Iran that could open the Strait of Hormuz. The Dow Jones Industrial Average is up 0.6 percent, the Nasdaq is up 0.2 percent, and the S&P 500 is up 0.35 percent as trading wraps up for the week.
The company sold $75bn in shares, immediately valuing it at $1.77 trillion. The IPO was oversubscribed four times higher than was otherwise expected, according to the Reuters news agency.
Of the institutional investors allocated, according to Bloomberg News, as much as 70 percent went to what are called long-only investments — a strategy in which holders buy assets based on the expectation that their value will grow over time — and sovereign wealth funds, including those from Saudi Arabia and Kuwait as well.
SpaceX President Gwynne Shotwell and Chief Financial Officer Bret Johnsen rang the opening bell at Nasdaq MarketSite in New York City at 9:30am local time as US markets opened.
On Thursday, protesters gathered outside the MarketSite to protest the IPO amid continued allegations that Grok, part of xAI, a subsidiary of SpaceX, allowed users to create non-consensual deepfake sexualised images before the IPO debut.
Shares of SpaceX did not trade until the middle of the trading day as the exchange collected buy and sell orders and underwriters delayed trading until supply and demand were balanced.
“We would expect SpaceX to see an immediate pop in trading due to the hype around the deal, north of 20 percent perhaps,” said Samuel Kerr, global head of equity capital markets at Mergermarket. “Anything lower would actually make me nervous.”
Exchanges and trading firms are eager to avoid the technical mishaps that marred Meta’s 2012 debut. With SpaceX widely viewed as a dress rehearsal for a new generation of mega-listings, market participants will also be watching for signals on investor appetite in advance of forthcoming IPOs for AI heavyweights Anthropic and OpenAI.
The landmark listing cemented Musk’s status as the first trillionaire ever and propelled SpaceX into the ranks of the world’s most valuable companies — even though the firm posted a loss of nearly $5bn last year and generated only a fraction of the revenue brought in by similarly valued tech giants.
The surge comes amid growth driven by its Starlink subsidiary, which drives as much as 80 percent of its revenue.
On Friday, SpaceX launched its Falcon 9 rocket with 29 satellites into space from Cape Canaveral in Florida.
[Aljazeera]
Latest News
Co-hosts Canada begin 2026 World Cup campaign with a draw against Bosnia-Herzegovina.
Canada substitute Cyle Larin made an instant impact as his goal rescued a point for the co-hosts as they began their 2026 World Cup campaign with a draw against Bosnia-Herzegovina.
Southampton striker Larin had only been on the pitch for just over two minutes when he superbly spun away from Tarik Muharemovic and fired past Nikola Vasilj, aided by a slight deflection.
It was the first time Canada had avoided defeat in the World Cup finals, after they had been beaten in all three games in 1986 and then again in 2022.
Bosnia, who gained penalty shootout wins in the qualifying play-offs over Wales and then Italy to secure their place in North America, took a 21st-minute lead in Toronto.
Jovo Lukic grabbed his first goal for his country when he headed in after ex-Arsenal defender Sead Kolasinac had flicked on Ivan Basic’s corner.
Canada nearly equalised early in the second half as Richie Laryea’s shot was going in, only for Kolasinac to produce an excellent clearance by diverting the ball on to the crossbar and away.
The hosts pushed for a leveller and had another good opportunity, only for Nikola Katic to clear off the line from Tani Oluwaseyi’s goal-bound header.
But, in a thrilling end-to-end match, Canada got a deserved equaliser in the 78th minute for their first ever World Cup draw.
Canada are one of three host nations for the 2026 World Cup, along with Mexico and the United States, and were looking to record a win, just as Mexico did when they beat South Africa 2-0 in Thursday’s tournament opener.
The Toronto Stadium was packed, with the majority of the home fans wearing red shirts and those away supporters in blue, with both groups contributing to a superb atmosphere.
After Alanis Morissette had sung the Canadian national anthem, the fans were treated to an entertaining, open game.
Canada, managed by former Leeds boss Jesse Marsch, had seen Jonathan David, Oluwaseyi and Stephen Eustaquio all guilty of missing opportunities, with Bosnia looking to hold on to their one-goal advantage.
But Marsch’s attacking substitutions proved successful, with Larin’s goal coming 121 seconds after he was introduced.
Group B always looked like being one of the closest, and Canada will still fancy their chances of advancing with games against Qatar on 18 June and Switzerland on 24 June still to come.
[BBC]
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