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Sri Lanka FUEL CRISIS: Schools Shut, Public Sector Told to Work from Home

Sri Lankan military were forced to hand out tokens to people queuing for what little fuel is left on Monday, with schools in the capital Colombo shut and public sector workers asked to work from home to ease consumption.

Some have waited in line for over 4 days, with no petrol left to even get home. Government stockpiles have dwindled to 9,000 tons of diesel and 6,000 tons of petrol with no new shipments, due to drained foreign currency reserves.

An IMF team is visiting until Thursday to discuss a $3bn bailout program.

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“Mild Recession” Awaits UK as Cost-of-Living Takes Toll

Amidst the fastest price hike in 40 years, rocketing interest rates and energy price crises, Britain faces a “significant risk” of a mild recession according to a report released Monday by consultants KPMG.

The report expects economic growth to hit 3.2% this year before contracting to just 0.7% next year, with Bank of England interest rates - already at a 13-year high - to hit 1.75% in 2022.

Wages are failing to keep up with inflation too meaning the rot may have already set in with lower spending; household incomes are forecast to drop 0.8% in real terms this year before another drop of 0.5% next year.

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⚡️Precision-guided weapons strike hit Ukraine Armed Forces hangars in Kremenchug Monday, used for storing military hardware and ammunition from West – Russia’s MoD

The strikes led to a fire in a non-functioning shopping center close by upon detonation, the Russian Ministry of Defense claims.

https://www.rt.com/russia/557965-russia-comments-alleged-shopping-mall-strike/

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❗French tire manufacturer Michelin intends to cease operations in Russia by year-end and transfer its Russian division to local management

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⚡️Turkey does not want ‘empty words’ from Finland, Sweden on NATO bid, wants ‘results’ – Erdogan (AFP)

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❗️Moscow Sanctions American Political Operatives ‘Responsible for Rusophobia’ in Washington

The list notably includes the first lady of the US and other family members of Joe Biden, as well as several sitting Senators.

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⚡️Biden intends to leave G7 summit in Elmau earlier than planned "due to bad weather" – Die Welt

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⚡️G7 will consider comprehensive ban on transportation of Russian oil by sea if price not agreed with partners - Reuters

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⚡️Hostilities in Ukraine could end today if Kiev orders nationalists to lay down arms and fulfil conditions of Moscow - Kremlin spox

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G7 Reach Deal on Russian Energy Price Cap (Politico)

G7 leaders have agreed to look into placing price caps on Russian energy export shipping and insurance to limit Moscow’s income after the International Energy Agency claimed Russia’s oil export revenues rose in May despite volume decreasing due to sanctions.

Italian PM Mario Draghi has pushed to include gas in the proposed cap, while French President Emmanuel Macron went further and proposed extending the price cap beyond Russian sources.

The group did state their intention to avoid sanctioning the supply of Russian agricultural products, and ensure existing measures don’t interfere with delivery of humanitarian aid.

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❗Russia’s FM Sergey Lavrov to attend G20 meeting of foreign ministers in Indonesia next week - Reuters citing spox for Russian Embassy in Jakarta

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Russia to Face ‘Attacks & Sabotage Operations’ – Kiev

Russia should brace for “attacks and sabotage operations” within its territory, Ukrainian military intelligence head Kirill Budanov told the Financial Times over the weekend.

He mentioned the murder of a local official in Kherson Region as an example of these attacks, which was treated as an act of terrorism by the city’s authorities.

“Partisan activities” have been emerging within the territories Russia seized since the start of its military operation in Ukraine in late February, Budanov said, pointing to two explosions in Kherson Region, which borders Crimea, Russia.

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US kills ‘se­nior leader’ of al-Qae­da-linked group in Syr­ia
News | Today's latest from Al Jazeera (RSS)

US mil­i­tary raid tar­get­ed Abu Hamzah al Yemeni, leader of the al-Qae­da-aligned group, Hur­ras al-Din.
Published On 28 Jun 2022

G7, UN con­demn ‘de­plorable’ Russ­ian at­tack on Ukraine mall
News | Today's latest from Al Jazeera (RSS)

G7 de­nounces ‘war crime’ af­ter a Russ­ian mis­sile at­tack on a crowd­ed Ukrain­ian shop­ping mall kills at least 18 peo­ple.
Published On 28 Jun 2022

In In­done­sia, ‘pay lat­er’ ser­vices leave some drown­ing in debt
News | Today's latest from Al Jazeera (RSS)

Buy now, pay lat­er ser­vices take off in South­east Asian coun­try where most peo­ple don’t have a bank ac­count.
Published On 28 Jun 2022

Pak­istan jails man linked to Mum­bai at­tacks for ter­ror fi­nanc­ing
News | Today's latest from Al Jazeera (RSS)

Sajid Ma­jeed Mir’s sen­tenc­ing ap­pears to be part of Pak­istan’s ef­forts to get off Fi­nan­cial Ac­tion Task Force grey list.
Published On 28 Jun 2022

Rus­sia-Ukraine war: List of key events, day 125
News | Today's latest from Al Jazeera (RSS)

As the Rus­sia-Ukraine war en­ters its 125th day, we take a look at the main de­vel­op­ments.
Published On 28 Jun 2022

Tokyo swel­ters amid worst June heat­wave since 1875
News | Today's latest from Al Jazeera (RSS)

Hun­dreds of peo­ple seek treat­ment for heat­stroke as tem­per­a­tures in Tokyo break near­ly 150-year records for June.
Published On 28 Jun 2022

Russ­ian op­po­si­tion politi­cian Ilya Yashin ar­rest­ed in Moscow
News | Today's latest from Al Jazeera (RSS)

Yashin, a crit­ic of the war in Ukraine, is ac­cused of dis­obey­ing po­lice, his lawyer says.
Published On 28 Jun 2022

What you need to know about the Iran-US nu­clear talks in Qatar
News | Today's latest from Al Jazeera (RSS)

If in­di­rect talks are suc­cess­ful, a re­stored nu­clear deal could lead to a re­turn of Iran­ian oil to the glob­al mar­ket.
Published On 28 Jun 2022