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Daily Briefing

Ukraine and Russia accuse each other of blowing up a dam, the US sues Binance and founder Zhao over a 'web of deception', and why dangerous encounters by US and Chinese militaries look set to continue.

Plus, the bombing of herders highlights a pattern of deadly aerial assaults by the Nigerian military.

By Kate Turton

Today's Top News

A general view of the Nova Kakhovka dam that was breached in Kherson region, Ukraine, June 6, 2023 in this screen grab taken from a video obtained by Reuters

WAR IN UKRAINE

Ukraine and Russia accused each other of blowing up a dam and causing widespread flooding in southern Ukraine, while Russia said it had thwarted another Ukrainian offensive in eastern Donetsk and inflicted heavy losses.
Everything you need to know about the Kakhovka dam in Ukraine, and what happened.
The war in Ukraine is deepening the climate crisis at a time when global greenhouse gas emissions are already running at a record high, according to a report by carbon accounting experts.

AROUND THE WORLD

Dangerous encounters by US and Chinese militaries look set to continue, after a Chinese warship came within 150 yards of a US destroyer in the Taiwan Strait on Saturday and forced it to slow down. The US has accused China of military 'aggressiveness'.
Prince Harry will become the first senior British royal to give evidence in court for more than a century when he appears in his lawsuit against a tabloid publisher whose titles he accuses of phone-hacking and other unlawful activities.
Iran presented its first domestically-made hypersonic ballistic missile on Tuesday, the official IRNA news agency reported, an announcement likely to heighten Western concerns about Tehran's missile capabilities.
French unions are staging a 14th day of protests against government plans to raise the retirement age to 64, in what could be a final attempt to pressure lawmakers into scrapping a law that is already on the statute books.
Three lawyers for former President Donald Trump left the US Department of Justice amid reports that federal prosecutors are wrapping up an investigation into whether he mishandled classified documents. The Reuters World News podcast discusses which new charges Trump could face.

Business & Markets

Markets are increasingly looking for the Federal Reserve to pause rate hikes next week, and, amid a blackout on Fed speakers, will be focusing heavily on economic data in the days ahead.
US regulators sued Binance and its CEO Changpeng Zhao for allegedly operating a "web of deception," piling further pressure on the world's biggest cryptocurrency exchange and sending bitcoin to its lowest in almost three months. Read more crypto and fintech news in the Crypto wire newsletter.
One of the most notable happenings at Apple's event for developers is likely the iPhone maker's tweak that will keep its autocorrect feature from annoyingly correcting one of the most common expletives to "ducking." Here's what Apple unveiled at WWDC.
Elon Musk's brain implant startup Neuralink, which was valued at close to $2 billion in a private fundraising round two years ago, is now worth around $5 billion based on privately executed stock trades described to Reuters by five sources with knowledge of the matter.
The outlook for most major housing markets has improved slightly from three months ago despite high interest rates, according to Reuters polls of property analysts who were mostly split on whether affordability would worsen or not.
An experimental mRNA-based cancer vaccine from Moderna and Merck reduced the risk that the most deadly skin cancer would spread by 65% versus treatment with an immunotherapy alone in a mid-stage trial, the companies reported.

Bombing of herders highlights pattern of deadly aerial assaults by the Nigerian military

The only thing Ibrahim Muazu remembers is “hearing a noise from the sky.”

“After that,” the 27-year-old Nigerian herder told Reuters, “I woke up lying in my own blood. There were so many dead.”

An airstrike near the village of Akwanaja earlier this year shows how Nigeria’s military, which is backed by the United States and other powers, has repeatedly conducted attacks from the air that have killed civilians. Engaged in a war with Islamist insurgents in the northeast, the air force is often called on to tackle criminal activity like banditry in areas far from the conflict zone.

Read our special report on the Nigerian military's use of air strikes to combat insecurity.

And Finally...

People release paper lanterns near Borobudur temple during the festival to mark the Vesak Day celebration in Magelang, Central Java province, Indonesia, June 4. Antara Foto/Anis Efizudin

Ceremonies commemorating Vesak Day, an annual celebration of Buddha's birth, enlightenment and death, took place around the world.

Read more here: Celebrating Buddha's birthday

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