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☆ FedEx pilots reject 30% pay hike proposal, but a strike isn’t imminent
▼ + stars: | 2023-07-24 | by ( Chris Isidore | ) edition.cnn.com time to read: +4 min

The FedEx pilots who belong to the Air Line Pilots Association voted 57% against the proposed contract, which was reached in May and endorsed by union leadership. But even with the “no” vote, the 5,200 FedEx pilots won’t be able to go on strike any time soon. FedEx pilots are covered by the Railway Labor Act, which despite the name, covers both rail workers and airline employees. The FedEx pilots, who unlike most FedEx employees count as airline employees when it comes to which labor law they work under, have not cleared any of those hurdles so far. There have been numerous examples in recent years of union rank-and-file voting no on deals that were recommended by union leadership.

Persons: won’t, ”, “, John Deere Organizations: New, New York CNN — Pilots, FedEx, Air Line Pilots, Teamsters, UPS, Railway Labor Act, United Airlines, American Airlines, United, United Auto Workers Locations: New York, United States

☆ Russian ammunition depot hit during Ukrainian drone attack in Crimea - official
▼ + stars: | 2023-07-24 | by ( ) www.reuters.com time to read: +2 min

July 24 (Reuters) - An ammunition depot was hit during a Ukrainian drone attack on Dzhankoi in Crimea early on Monday, with Russian air defence forces shooting down or electronically jamming 11 drones over the area, a Russian-installed official said. It was not immediately clear whether the ammunition depot was directly hit by a drone or if it was damaged by falling drone debris. Ukrainian officials have long said the city and surrounding areas have been turned into Moscow's largest military base in Crimea. On Saturday, Aksyonov said a drone caused an explosion at an ammunition depot in central Crimea, prompting authorities to evacuate nearby people and briefly suspend road traffic on the bridge linking the peninsula to Russia. Ukraine did claim that incident, saying its army had destroyed an oil depot and Russian army warehouses.

Persons: Sergei Aksyonov, Aksyonov, Lidia Kelly, Mark Trevelyan, Simon Cameron, Moore Organizations: Reuters, Thomson Locations: Ukrainian, Dzhankoi, Crimea, Russian, Crimean, Moscow, Ukraine, Russia, Melbourne, London

☆ What we hope to see from 9 Club stocks out with earnings in the week ahead
▼ + stars: | 2023-07-22 | by ( Zev Fima | ) www.cnbc.com time to read: +14 min

Looking to next week, earnings season will ramp up — and though we'll get some important economic data, expect the corporate releases and management commentary on the post-game calls to be firmly in the driver's seat. Here are two important things to know for the week ahead. Quarterly earnings : As important as economic releases are, it's earnings that will garner the bulk of investors' attention. For those looking to review first-quarter performance ahead of these releases, keep our first-quarter earnings report card handy. Here's the full rundown of all the important domestic data in the week ahead.

Persons: Dow, we'll, we've, Lawrence Yun, Jerome Powell's, Sartorius, Sartorius preannounced, It's, management's, We'll, Tesla, Ford's, Sherwin, Williams, Archer, Clark, Lam, Edwards Lifesciences, Hewlett, Northrop, Dr Pepper, Davidson, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: Nasdaq, Economic, National Association of Realtors, Nine, GE Healthcare, Microsoft, YouTube, Linde, LIN, Honeywell, Aerospace, Technologies, Ford, Procter & Gamble, Dynex, HBT, Hope Bancorp, NXP Semiconductors, Cadence Design Systems, Whirlpool, Logitech International, Liberty Global, Verizon Communications, General Motors, General Electric, GE, Spotify, Raytheon Technologies, Daniels, Midland, Albertsons Companies, ACI, Polaris Industries, Inc, Dow Chemical, DOW, Xerox, Texas Instruments, WM, Canadian National Railway Company, Chubb Corporation, Universal Health Services, Powell, Boeing, Hilton, Union Pacific, General Dynamics, Quest Diagnostics, Otis Worldwide, Grill, Lam Research, eBay, EBAY, Mattel, Hewlett Packard, L3Harris Technologies, Gross, Royal Caribbean Cruises, Southwest Airlines, Mastercard, Myers Squibb, Northrop Grumman, Hertz, Tractor Supply Company, HCA Healthcare, Boston, Hershey, Comcast, Harley, Norfolk Southern, Intel, Mobile, United States Steel Corp, KLA Corporation, Boston Beer Company, Nation Entertainment, Texas, Procter, Gamble, Exxon Mobil, Chevron, Charter Communications, AstraZeneca, Colgate, Palmolive, Newell Brands, Sanofi, Dwight, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: U.S, Hollywood, Cleveland, Corning, Kimberly, Bristol, Norfolk

Kyiv CNN —Ukrainian forces hit an ammunition dump in Crimea, forcing an evacuation of the area and canceling train services, authorities in the annexed province say. On Wednesday, an ammunition dump was hit in the east of the territory, also causing authorities to evacuate thousands of people living nearby. And on Thursday, one person was killed when a Ukrainian drone struck four administrative buildings in the northwest of Crimea, Russian-backed authorities said. The Ukrainian military has been carrying out sustained attacks in Crimea with the goal of harassing the Russian Black Sea fleet and disrupting vital Russian supply lines. Reclaiming Crimea remains a goal for Ukraine and it is putting considerable effort into making Russia’s occupation as uncomfortable as possible.

Persons: Sergey Aksyonov, Vladimir Putin, Volodymyr Zelensky, ” Organizations: CNN —, CNN, Shadow, Ukrainian, Ukraine Locations: CNN — Ukrainian, Crimea, Ukraine, Russia, Odesa, Oktyabrskoye, Kerch, Stary Krym, Crimea’s Kirorvsky, Ukrainian, Russian

☆ Travel news: US airline staffing at ‘highest level’ in decades – so why the flight delays?
▼ + stars: | 2023-07-22 | by ( Maureen O'Hare | ) edition.cnn.com time to read: +5 min

Editor’s Note: Sign up for Unlocking the World, CNN Travel’s weekly newsletter. Extreme weatherHeat waves, wildfires, floods and storms have been hitting regions across North America, Europe and Asia. Air travel woesUS passenger airline employment is now at its highest level in over two decades, says a new statement from the International Air Transport Association (IATA) as carriers build up their workforces to meet the huge demand for post-pandemic travel. However, passengers this summer are still facing “unacceptable delays and disruptions” because of a shortage of air traffic controllers in North America. If all this has got you wistful for a bygone “golden age of air travel,” however, you’d be very wrong.

Persons: you’d, we’ve, Jay Khan, Janet Yellen’s, jian, Yellen, Liesbet Collaert, she’d, Christina Ward, Wahid Kandil, you’re, they’ve Organizations: CNN, Southern, International Air Transport Association, US Federal Aviation Administration, FAA, NAV Canada, US Locations: North America, Europe, Asia, Italy, Southern Europe, Ireland, Denmark, Bulgaria, Czech Republic, Las Vegas, Chicago, Hong Kong, Beijing, Yunnan, Belgian, California, Egypt, Barra, American, Paris

☆ Canadian West Coast ports strike to be decided in all-union vote on Tuesday
▼ + stars: | 2023-07-21 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +4 min

The fate of operations at West Coast ports in Canada will be decided on Tuesday, July 25, when rank-and-file members of the International Longshoremen and Warehouse Union Canada will vote on a tentative deal with port ownership. The plan to send the deal to a full union vote comes after a week of confusion and turmoil at the ports. For the vote, work will stop from 8 a.m.-4 p.m. Pacific Time on Tuesday across all ports. Weekly rail trade data aggregated by the American Association of Railroads reveals a total decrease of 82.4% in rail trade over the course of the 13-day strike. When the first strike ended on its thirteenth day, delays for rail containers were estimated at 39 to 66 days.

Persons: Seamus O'Regan, Vancouver and Prince Rupert, Eric Byer, Byer, Destine Ozuygur Organizations: Warehouse Union Canada, Canadian, British Columbia Maritime Employers Association, Canada's Labor, Logistics, CNBC, American Association of Railroads, Railway Association of Canada, Port, U.S . Trade, U.S, The National Association of Chemical Distributors, Canadian National Railroad, Government, Trade Locations: West Coast, Canada, British, Vancouver, U.S, Port of Vancouver, West, United States, eeSea

☆ Cities brace for floods as heavier-than-usual storms drench China
▼ + stars: | 2023-07-21 | by ( ) www.reuters.com time to read: +2 min

BEIJING, July 21 (Reuters) - Rescue services braced for flooding as heavier-than-expected summer storms rolled across China as forecast on Friday, drenching Beijing and other major cities. Historically, China enters its peak rainy season in late July, but extreme weather has made storms more intense and unpredictable, exposing heavily built-up megacities with poor drainage to sudden floods and waterlogging. In Beijing, authorities have deployed this week over 2,600 people to drain 87 pumping stations in advance and clear thousands of water drainage outlets along roads, municipal authorities said in a statement on Friday. In July 2021, extreme rain in the central Henan city of Zhengzhou killed nearly 400 people, including 14 who drowned in a submerged subway line. Reporting by Ryan Woo and Liz Lee in Beijing; Editing by Miral FahmyOur Standards: The Thomson Reuters Trust Principles.

Persons: drenching, Ryan Woo, Liz Lee, Miral Organizations: Beijing Public Transport, Authorities, Xinhua, China Meteorological Administration, Thomson Locations: BEIJING, China, drenching Beijing, Beijing, Tianjin, Hebei, Inner Mongolia, Shanxi, Henan, Hubei, Jiangsu, Wuxi city, Gansu, Zhengzhou

☆ Train fares are up to 30 times more expensive than planes in Europe
▼ + stars: | 2023-07-20 | by ( Julia Buckley | ) edition.cnn.com time to read: +5 min

CNN —As Europe swelters in a heat wave, and the climate crisis accelerates, many travelers are looking towards trains rather than polluting planes. According to a new report, taking a long-distance train in Europe can cost nearly 30 times as much as flying. The report, compiled by environmental campaign group Greenpeace, compared the cost of flight and train tickets on 112 European routes on nine different dates. Train tickets were double the cost of flying, on average, while train journeys from the UK to Europe, which involves taking the often-expensive Eurostar to the continent, were four times the price of flying on average. “Governments must remove airlines’ tax exemptions, such as from fuel taxes and VAT, as well as reduce rail tracks tolls.

Persons: Matteo Mirolo, Lorelei Limousin, ” Victor Thévenet Organizations: CNN, Greenpeace, Eurostar, Ryanair, European Environment Agency, Airlines, Transport, Environment, Transport & Environment, “ Airlines, International Air Transport Association Locations: Europe, Spain, London, Barcelona, Belgium, France, Italy, Edinburgh, EU, Greece

☆ BOJ launches forum with 60 firms on digital yen pilot programme
▼ + stars: | 2023-07-20 | by ( ) www.reuters.com time to read: +1 min

TOKYO, July 20 (Reuters) - The Bank of Japan on Thursday kicked off a series of discussions with 60 companies on a pilot programme for developing a digital yen, joining peers around the globe ramping up efforts towards issuing digital versions of their currencies for retail use. The discussions will touch on various themes including the business and technological features of retail settlements using a central bank digital currency (CBDC), the central bank said in a statement. The BOJ has said no decision has been made yet on whether Japan will actually issue a digital yen, which must be made by the government and parliament. But many big Japanese companies were included in the list of 60 firms selected to join the discussions, a sign Japan is moving steadily toward such a launch. Central banks around the globe have been studying and working on digital versions of their currencies for retail use to avoid leaving digital payments to the private sector amid an accelerating decline in the use of cash.

Persons: Lawson, Leika, Kim Coghill Organizations: Bank of Japan, Sony, Toyota, East Japan Railway, Bank for International Settlements, Thomson Locations: TOKYO, Japan, Central

☆ A $6 Billion China-Built Railway Is on the Move With a Vast New Network Down the Track
▼ + stars: | 2023-07-19 | by ( Feliz Solomon | Photographs Lauren Decicca For The Wall Street Journal | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/chinas-grand-vision-for-a-vast-rail-network-transforms-a-neighboring-country-17f067cc

Persons: Dow Jones

☆ Canadian port workers back on strike after voting down government-brokered deal, returning supply chain to 'turmoil'
▼ + stars: | 2023-07-19 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +9 min

Photographer: Ben Nelms/Bloomberg via Getty ImagesThe supply chain is in turmoil again with International Longshore & Warehouse Union West Coast Canada members walking off the job after a key union caucus voted down a tentative deal that had temporarily ended the West Coast ports strike last week. Rob Ashton, president of the ILWU Canada, said in a statement that it did not believe the recommendations had the ability to protect union jobs. His group estimated that the first strike would cause an average 6-8 weeks of supply chain disruption before conditions would return to normal. The National Association of Chemical Distributors told CNBC some chemical companies are expected supply chain congestion until October as a result of the strike. Critical chemicals that go into food, cleaning, water purification, and personal care, among many others, flow through the West Coast ports of Canada and down to the United States.

Persons: Prince Rupert, of Prince Rupert in Prince, Trudeau, He's, Kinder Morgan, Ben Nelms, Rob Ashton, Seamus O'Reagan, " O'Regan, Steve Lamar, Lamar, Vancouver and Prince Rupert, Destine Ozuygur, Ozuygur, Eric Byer, Byer, HLS, Captain Adil Ashiq, Ashiq, Paul Brashier, BCMEA Organizations: Prince Rupert Grain Ltd, Canadian, Enbridge Inc, Kinder, Kinder Morgan Inc, Bloomberg, Getty, Warehouse Union, Coast Canada, British Columbia Maritime Employee Association, Canada's Labor, Canada's Transport, Canada Industrial Relations Board, Logistics, CNBC, American Apparel and Footwear Association, Railway Association of Canada, U.S, Port, HLS Shipping, Association of American Railroads, National Association of Chemical Distributors, Canadian National Railroad, Government, ., U.S ., ITS Logistics Locations: of, of Prince Rupert in Prince Rupert, British Columbia, Canada, Petroliam Nasional, West, British, Vancouver, U.S, Port of Vancouver, eeSea, United States, . West Coast, East Coast, China, U.S . West Coast, U.S . East Coast, North America, East, Asia

☆ North Korea fires two missiles after U.S. submarine arrives in South Korea
▼ + stars: | 2023-07-19 | by ( ) www.cnbc.com time to read: +1 min

A man watches a television news screen showing a picture of North Korea's recent test-firing of a Hwasong-17 intercontinental ballistic missile (ICBM), at a railway station in Seoul on March 17, 2023. North Korea launched two ballistic missiles eastward early on Wednesday, Japan's and South Korea's militaries said, just hours after a U.S. ballistic missile submarine arrived in a South Korean port for the first time in four decades. Both of the missiles appeared to have fallen outside Japan's exclusive economic zone, the Japanese Defense Ministry said. South Korea's Joint Chiefs of Staff, or JCS, called on the North to cease such launches. The U.S. military said it was aware of the missile launches and was consulting closely with its allies and partners.

Organizations: Japanese Defense Ministry, Korea's, Chiefs of Staff, Pacific Command Locations: Seoul, North Korea, Japan's, South, Korean, U.S, United States

Scores of people set off on a 40-mile trek on foot from Tel Aviv to Jerusalem. On Tuesday, President Biden held a meeting with Mr. Herzog, who serves as Israel’s mostly ceremonial president, at the White House. Several lawmakers critical of Israel said they would boycott Mr. Herzog’s speech to Congress to protest the Israeli government’s policies. Some members of the Israeli military reserves have campaigned against the law, and labor unions have threatened general strikes. Scores of protesters were also marching from Tel Aviv to Jerusalem, carrying blue-and-white Israeli flags and chanting “De-mo-cra-tya!” — Hebrew for democracy.

Persons: Isaac Herzog, Biden, Herzog, Israel, Benjamin Netanyahu, Netanyahu’s, ”, “ Organizations: Doctors, U.S, White, Mr, ”, United States Embassy Locations: Israel, Tel Aviv, Jerusalem, United States

Asked whether the counter-offensive was a failure, at least so far, General Mark Milley, chair of the Joint Chiefs of Staff said: "It is far from a failure. Speaking after another round of talks on arms for Ukraine in its fight against Russia's now nearly 17-month invasion, Milley said that the Ukrainian counteroffensive will be slow. Moscow says the Ukrainian counteroffensive has failed. Six weeks since Ukraine launched a counteroffensive in the east and south, Russia is mounting a ground offensive of its own in the northeast. Oleksiy Reznikov, Ukraine defence minister, said after the Tuesday talks that "supply of weapons and equipment urgently needed" is a priority for Ukraine.

Persons: Mark Milley, Russia's, Milley, Reznikov, Phil Stewart, Idrees Ali, Doina, Lidia Kelly, Chris Reese, Leslie Adler, Michael Perry Organizations: Joint Chiefs, Staff, Kyiv, European Union, Twitter, Thomson Locations: Russia, United States, Ukraine, Ukrainian, Kyiv, Bakhmut, Moscow, Kupiansk, Reznikov, Melbourne

☆ Russia strikes Ukraine grain port after exiting export deal
▼ + stars: | 2023-07-18 | by ( Olena Harmash | ) www.reuters.com time to read: +6 min

Ukraine and Russia are both among the world's biggest exporters of grain and other foodstuffs. If Ukrainian grain is again blocked from the market, prices could soar around the world, hitting the poorest countries hardest. Russia says it could return to the grain deal, but only if its demands are met for rules to be eased for its own exports of food and fertiliser. Ukraine's President Volodymyr Zelenskiy has called for the grain deal to continue without Russia, effectively seeking Turkey's backing to negate the Russian blockade. Any attempt to reopen Ukrainian grain shipments without Russia's participation would depend on insurance companies agreeing to provide coverage.

Persons: Andriy Yermak, Antonio Guterres, Moscow, Dmitry Peskov, Volodymyr Zelenskiy, Tayyip Erdogan, Ukraine's counterassault, Hanna Maliar, Serhiy Cherevatyi, Peter Graff, Angus MacSwan, Alex Richardson Organizations: UN, United Nations, Local, Kyiv, Russian Federation, Reuters, Thomson Locations: Russia, Moscow, KYIV, Ukrainian, Odesa, Ukraine, Crimean, Mykolaiv, Crimea, Russia's, Kupiansk, Kyiv, Bakhmut, Turkey, Russian, Kharkiv

☆ Russia carries out air strikes for second night on Ukraine's Odesa port -governor
▼ + stars: | 2023-07-18 | by ( ) www.reuters.com time to read: +4 min

Summary All of eastern Ukraine under air raid alertsRussian strikes on ports follow grain export deal withdrawalJuly 19 (Reuters) - Ukrainian air defence systems were engaged in the early hours of Wednesday in repelling a Russian air attack on the southern port of Odesa for a second consecutive night, the region's governor said. "Do not approach the windows, do not shoot or show the work of air defence forces," Odesa governor Oleh Kiper said on the Telegram messaging app. But Ukrainian Deputy Defence Minister Hanna Maliar said the initiative in the area had switched to Ukrainian forces. She said Ukrainian forces made new gains near Bakhmut in the east, a town that was captured by Russian forces in May after months of battles. "We have made advances through the streets," Shershen told the Espreso TV online outlet but said Ukrainian forces did not have complete control of the village.

Persons: Oleh Kiper, Hanna Maliar, Valery Shershen, Shershen, U.N, Stephane Dujarric, Russia's, Volodymyr Zelenskiy, Moscow, Dmitry Peskov, Grant McCool, Lincoln Organizations: Kyiv, Russian Defence Ministry, Russian, Reuters, United Nations, Thomson Locations: Ukraine, Odesa, Russia, Ukrainian, Africa, Asia, Moscow, Kharkiv, Bakhmut, Staromayorske, Turkey

[1/3] People cool off near the Spanish Steps, during a heatwave across Italy, as temperatures are expected to rise further in the coming days, in Rome, Italy July 18, 2023. They have added fresh urgency to talks this week between the United States and China, the world's top greenhouse gas polluters. "Whilst most of the attention focuses on daytime maximum temperatures, it is the overnight temperatures which have the biggest health risks, especially for vulnerable populations," it said. The European Union's Copernicus Climate Change Service says 2022 and 2021 were the continent's hottest summers on record. In a large part of the territory, night-time temperatures were in the top 5% of the highest recorded at this time of year.

Persons: Remo Casilli, John Kerry, Xi Jinping, Carlo Spanu, Anita Elshoy, Elshoy, AEMET, Talim, Angelo Amante, Emma Farge, Giselda, Crispian Balmer, Angeliki Koutantou, Emma Pinedo Gabrielle Tétrault, Farber, Matthias Williams, Janet Lawrence Organizations: REUTERS, World Meteorological Organization, WMO, Thomson Locations: Italy, Rome, Europe, U.S, Asia Italy, ROME, Asia, United States, Sardinia, Lazio, heatwaves, Death, China's, Greece, Swiss, India, South Korea, China, Beijing, North America, North Africa, Sicily, Sulcis, Norway, Spain, Catalonia, Aragon, Mallorca, Andujar, 44.9C, Toledo, Dervenochoria, Athens

☆ Putin's military supply routes are being blocked by Russian tourists after he encouraged them to go on holiday in Crimea, report says
▼ + stars: | 2023-07-18 | by ( Tom Porter | ) www.businessinsider.com time to read: +4 min

Russian tourists are snarling up military supply routes near Crimea, a report said. The Institute for the Study of War described the Kerch bridge as one of two supply routes for Russian forces in southern Ukraine battling to resist a Ukrainian counteroffensive. Russian tourists in the resort town of Alushta on the Crimean peninsula on June 18, 2023. Despite this, Russian President Vladimir Putin had ordered Russian military vehicles to help ferry tourists to the location, it said. In the wake of Sunday's attack, Putin urged tourists to avoid the Kerch bridge and instead take the route through occupied east Ukraine.

Persons: OLGA MALTSEVA, Vladimir Putin, Putin Organizations: Service, Kremlin, Institute for, Getty, Moscow Times, Daily Locations: Crimea, Crimean, Wall, Silicon, Kerch, Russia, Ukraine, Ukrainian, Russian, Alushta, AFP

WASHINGTON, July 18 (Reuters) - Ukraine's counter-offensive against Russia is far from a failure, but the fight ahead will be long and bloody, the top U.S. general said on Tuesday, even as casualties on both sides mount and the front lines have moved only incrementally. The United States and other allies have spent months building Ukraine a "mountain of steel" of weaponry and training Ukrainian forces in combined arms techniques to help Kyiv pierce formidable Russian defenses during its counter-offensive. Asked whether the counter-offensive was a failure, at least so far, General Mark Milley, chair of the Joint Chiefs of Staff said: "It is far from a failure. Moscow says the Ukrainian counteroffensive has failed. Six weeks since Ukraine launched a counteroffensive in the east and south, Russia is mounting a ground offensive of its own in the northeast.

Persons: Mark Milley, Milley, Phil Stewart, Idrees Ali, Doina, Chris Reese, Leslie Adler Organizations: Joint Chiefs, Staff, Kyiv, Thomson Locations: Russia, United States, Ukraine, Kyiv, Bakhmut, Moscow, Kupiansk

☆ Ukraine says situation 'complicated' in east, Russia reports advancing
▼ + stars: | 2023-07-18 | by ( ) www.reuters.com time to read: +3 min

Russia and Ukraine differed in their accounts of the latest battles since Kyiv launched a counteroffensive early last month, but both sides signalled that fighting was fierce. "The situation is complicated but under control (in the east)," Syrskyi said on the Telegram messaging app. But Russia still holds vast swathes of territory following its full-scale invasion in February 2022, and Ukrainian troops have encountered heavily defended positions and minefields. Russian troops were also continuing to send reserves to the Bakhmut sector in eastern Ukraine to try to stop Ukrainian forces advancing, Syrskyi said. The spokesperson reported heavy fighting for the settlement of Staromayorske southwest of the city of Donetsk, and said Ukrainian troops had the advantage there.

Persons: Read, Oleksandr Syrskyi, Syrskyi, Lyman, Hanna Maliar, Vladimir Putin, Anna Pruchnicka, Timothy Heritage, Bernadette Baum Organizations: 420th Battalion, Kyiv, TASS, Reuters, Lyman, Thomson Locations: Ukraine, Bakhmut, Donetsk Region, Ukrainian, KYIV, Moscow, Kupiansk, Russia, Kharkiv, Lyman, Staromayorske, Donetsk

The Kerch Strait Bridge that links the Crimean Peninsula to mainland Russia, in March. Russian officials blamed Ukraine for the attack on the Kerch Strait Bridge. Ukrainian officials offered no comment on the incident. Video and photographs verified by The Times showed damage to both sides of the road bridge, with the most significant being along a span of the bridge heading into Russia. The attack came as Ukrainian forces were engaged in an ambitious and grinding counteroffensive aimed at driving Russian forces from southern Ukraine.

Persons: Yusov, ”, Vladimir Rogov, Vladimir Konstantinov, Sergei Aksyonov, —, Vyacheslav Gladkov, Aksyonov, Mazaeva, Ivan Nechepurenko Organizations: The Times, Ministry, Transport, Russian Federation, Ukrainian, Crimean Locations: Kerch, Crimean, Russia, Ukraine, Russian, Moscow, Crimea, Sevastopol, Belgorod

☆ This 12-mile-bridge in Crimea is a lifeline for Russia's occupation, but attacks and damages are making it a headache for Moscow
▼ + stars: | 2023-07-17 | by ( Chris Panella | ) www.businessinsider.com time to read: +6 min

The Kerch Bridge connecting Russia and Crimea was damaged by explosions on Monday morning. An attack on the Kerch Bridge is far from "an extraordinary event," as Sergey Aksyonov, the Russian-installed governor of Crimea, said, according to The Kyiv Post. The damage was so severe, Kerch Bridge was closed for normal vehicle traffic until February 2023 and railway traffic until May 2023. "There's been a huge push on the part of Russian authorities to really sustain and even increase tourism in occupied Crimea for economic reasons, and for an integration of occupied Crimea into the larger Russian system." But defending the Kerch Bridge is a logistical nightmare for Russia, prompting a hoard of questions.

Persons: Vladimir Putin, Putin, Karolina Hird, Evans Hanson, Sergey Aksyonov, Putin's, Samuel Bendett, ISW's Hird, There's, " Hird, who's, it's, Bendett, we've, Hird, that's Organizations: Service, Institute for, AP, Ukrainian Security, CNN, Center for Naval, International Affairs Group, Russia, Black, Fleet, Putin Locations: Kerch, Russia, Crimea, Wall, Silicon, Russian, Ukraine, Kyiv

☆ Crimea Bridge: why is it important and what happened to it
▼ + stars: | 2023-07-17 | by ( ) www.reuters.com time to read: +2 min

[1/2] A cargo ship sails next to the Crimea bridge in the Kerch Strait, Crimea, March 14, 2023. The RBC-Ukraine news agency reported that explosions were heard on the bridge, with Russian military bloggers reporting two strikes. The bridge is a crucial supply route for Russian forces in Ukraine. In October, the bridge was damaged in a powerful blast, with Russian officials saying the explosion was caused by a truck that blew up while crossing the bridge, killing three people. CRIMEA AND RUSSIA LINKThe 19-km (12-mile) Crimea Bridge over the Kerch Strait is the only direct link between the transport network of Russia and the Crimean peninsula, which Moscow annexed from Ukraine in2014.

Persons: Alexey Pavlishak, Sergei Aksyonov, Vladimir Putin, Volodymyr Zelenskiy, Putin, Arkady Rotenberg, Lidia Kelly, Michael Perry Organizations: REUTERS, RBC, Reuters, Thomson Locations: Crimea, Kerch, Russia, Ukraine, Ukrainian, Kyiv, CRIMEA, RUSSIA, Moscow, Sevastopol, Ukraine's Kherson, Zaporizhzhia, Melbourne

☆ Drone boats give Ukraine a cheap, 'asymmetric' edge against Russia and may have just damaged a key bridge
▼ + stars: | 2023-07-17 | by ( Chris Panella | ) www.businessinsider.com time to read: +5 min

Waterborne drones are an inexpensive asset, giving Ukraine an "asymmetric" naval edge against Russia. Russia blamed Ukraine for using the drones to attack the Kerch Strait Bridge in Crimea on Monday. Waterborne drones are also inexpensive and devastating, and there are indications they were used to damage a key Russian bridge into Crimea. An anonymous source from Ukraine's Security Service also confirmed to CNN that Ukraine's naval drones carried out the attack, as did a state official. "Ukraine exploited its [the Kerch Strait Bridge] vulnerability by launching relatively cheap and inexpensive USVs in what turned out to be a successful attack," Bendett said.

Persons: There's, Samuel Bendett, —, Bendett Organizations: Service, Ukraine, Security Service, Ukraine's Security Service, CNN, Center for Naval Analyses, Russia, Kyiv, Getty Locations: Ukraine, Russia, Kerch, Crimea, Wall, Silicon, China, AFP, Moscow, Kyiv

☆ China reports second-quarter GDP miss, another record high in youth unemployment
▼ + stars: | 2023-07-17 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +2 min

BEIJING — China said Monday that second-quarter gross domestic product grew by 6.3% from a year ago, missing expectations. The unemployment rate among young people ages 16 to 24 was 21.3% in June, a new record. The 6.3% GDP print for the second quarter marked a 0.8% pace of growth from the first quarter, slower than the 2.2% quarter-on-quarter pace recorded in the first three months of the year. Analysts polled by Reuters had predicted a 7.3% increase in the second quarter GDP. When asked about the outlook for the second half, spokesperson Fu said he expected real estate investment would remain low for the near future.

Persons: Fu Linghui, Fu Organizations: Railway, Reuters, National Bureau of Statistics, CNBC, Information, Investment Locations: Guangzhou, BEIJING — China, China, Beijing

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