Latest News
US and Ukraine sign long-awaited natural resources deal
The US has signed a deal with Ukraine on the joint exploitation of its energy and mineral resources, after months of tense negotiations.
The two countries have agreed to establish a reconstruction investment fund to spur Ukraine’s economic recovery from its war with Russia.
US Treasury Secretary Scott Bessent said it showed both sides were committed to lasting peace and prosperity in Ukraine. For Kyiv, the deal is seen as essential to accessing US military aid.
Ukraine is believed to have vast reserves of critical minerals like graphite, titanium and lithium. They are highly sought after because of their use in renewable energy, military applications and industrial infrastructure.
The agreement comes amid a US trade war with China, where 90% of the world’s current rare earth stocks are sourced.
According to the statement from the US Treasury on Wednesday afternoon, the newly created US-Ukraine Reconstruction Investment Fund recognises the “significant financial and material support” the US has given Ukraine since Russia invaded in February 2022.
The US treasury secretary said in a video statement that the deal would help “unlock Ukraine’s growth assets”.
The language of the announcement shows much more solidarity with Ukraine than is usual for the Trump administration.
It refers to “Russia’s full scale invasion” and adds that “no state or person who financed or supplied the Russian war machine will be allowed to benefit from the reconstruction of Ukraine”.
The Kremlin has not yet responded to the agreement.
[BBC]
Italy’s Prime Minister Giorgia Meloni has lost a key referendum on a constitutional reform which had turned into a vote on her government.
The result gives around 54% to the “No” campaign and 46% to the “Yes” vote which Meloni had backed.
In a video posted on social media even before all the ballots were counted, Meloni said Italians had voted “with clarity” and she would respect their decision, but she regretted a “lost chance to modernise” the country.
It is the first significant defeat for Meloni and her right-wing coalition, which has overseen a rare period of political stability for Italy. Opposition parties are hailing the result as a sign that voters are looking for change, with a general election due next year.
When the two-day referendum ended on Monday afternoon, exit polls initially showed the “No” vote leading by a small margin, but that grew to a substantial lead as the count progressed.
Despite the complex question on the ballot paper, turnout was almost 60%. A high figure had been expected to favour the government, but it was not enough to swing the vote.
The reform voters rejected would have inscribed a firm separation between judges and prosecutors into the constitution. It also proposed distinct bodies to govern them and a new disciplinary court.
The government argued the change was critical to improving judicial independence.
The opposition countered that it would shatter a careful balance of powers established following the defeat of fascism, and increase political influence over the courts.
Many Italians struggled to understand the technical details – perhaps a communication failure by Team Meloni – and the vote quickly morphed into a plebiscite on her near-record three and half years in office.
[BBC]
US President Donald Trump announced that discussions are ongoing with Iran to “determine whether a broader agreement can be reached”, saying that “this time, Iran means business; they want to settle. They want peace”.
But Teheran denied that talks with the US are taking place, with Iran’s parliamentary speaker saying such claims are “fake news” and being “used to manipulate financial and oil markets”.
Oil prices dropped by about 11 percent after Trump announced a delay to attacks on Iran’s power plants for five days amid his claims of talks.
Despite Trump’s comments, US Central Command says US forces “continue to aggressively strike” targets in Iran, as Iranian missiles and drones continued to target Gulf countries – including Bahrain, Saudi Arabia and Kuwait – overnight.
Israeli warplanes bombed Beirut’s southern neighborhood as the Lebanese Health Ministry said the death toll from Israel’s attacks on the country had reached 1,039 people, with 2,786 people injured, since March 23.
[Aljazeera]
Latest News
Heat Index at Caution Level in the Western, Sabaragamuwa, Southern and North-western, North-central provinces and in Mannar and Vavuniya districts
Warm Weather Advisory
Issued by the Natural Hazards Early Warning Centre
at 3.30 p.m. on 23 March 2026, valid for 24 March 2026.
The Heat index, the temperature felt on human body is likely to increase up to ‘Caution level’ at some places in the Western, Sabaragamuwa, Southern and North-western, North-central
provinces and in Mannar and Vavuniya districts.
The Heat Index Forecast is calculated by using relative humidity and maximum temperature and this is the condition that is felt on your body. This is not the forecast of maximum temperature. It is generated by the Department of Meteorology for the next day period and prepared by using global numerical weather prediction model data.
Effect of the heat index on human body is mentioned in the above table and it is prepared on the advice of the Ministry of Health and Indigenous Medical Services.
ACTION REQUIRED
Job sites: Stay hydrated and takes breaks in the shade as often as possible.
Indoors: Check up on the elderly and the sick.
Vehicles: Never leave children unattended.
Outdoors: Limit strenuous outdoor activities, find shade and stay hydrated.
Dress: Wear lightweight and white or light-colored clothing.
Note:
In addition, please refer to advisories issued by the Disaster Preparedness & Response Division, Ministry of Health in this regard as well. For further clarifications please contact 011-7446491.
Referendum defeat leaves Italy’s Meloni looking more vulnerable
Pakistan T20 cricket league to be held in empty stadiums amid oil crisis
Showers expected in the Western, Southern, Uva and Sabaragamuwa provinces and in Kandy and Nuwara-Eliya districts after 2.00 pm.
Tehran says Trump’s peace talk claims are ‘fake news’
SJB: China, India taking advantage of Lanka’s unregulated oil market
SL to redevelop Trinco tank farm expeditiously
‘Dates have the highest sugar content to fight Coronavirus’
Sunday Island 27 December – Headlines
#SundayIsland 17th December – Headlines
Sunday Island – 28th March
Sunday Island Headlines – 21 March
Sunday Island – 21st February – Headlines
-
News6 days agoCIABOC questions Ex-President GR on house for CJ’s maid
-
News5 days agoBailey Bridge inaugurated at Chilaw
-
News5 days agoPay hike demand: CEB workers climb down from 40 % to 15–20%
-
News4 days agoCIABOC tells court Kapila gave Rs 60 mn to MR and Rs. 20 mn to Priyankara
-
Features1 day agoTrincomalee oil tank farm: An engineering marvel
-
Editorial6 days agoCouple QR-based quota with odd-even rationing
-
Features4 days agoScience and diplomacy in a changing world
-
News3 days agoColombo, Oslo steps up efforts to strengthen bilateral cooperation in key environmental priority areas