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How the economic impact of war is starting to bite in southern Ukraine

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How the economic impact of war is starting to bite in southern Ukraine

Lots of of bikes are left piled up on the outskirts of Zelenodolsk, a small city in southern Ukraine simply 15 kilometres from the frontline.

They function a poignant image of lives abruptly interrupted as locals fled the struggle.

Now, practically six months since Russia’s invasion started, preventing is intensifying in southern Ukraine after President Volodymyr Zelenskyy ordered a counteroffensive to regain management of Russia-occupied areas comparable to Kherson.

In Zelenodolsk — which is in Ukrainian territory and round 130km from Kherson — artillery assaults typically attain the city centre. It is pressured many to flee. Those who keep barricade their home windows with wooden to guard from the fragments.

“It’s powerful right here, we stay below bombings,” mentioned Svetlana. “They fly over our heads on a regular basis. Sadly, we can’t do something about it apart from hope that the army will defend us.

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“I actually hope the counteroffensive will work. We can’t proceed to stay like this. If it doesn’t work, I don’t know what we are going to do.”

The 53-year-old talks to Euronews as she stands in a queue to accumulate meals from volunteers – the one means for her to outlive. 

It is a bleak reminder that the financial affect of the struggle.

“I’m continuously in concern. It’s so scary, however we attempt to maintain on,” she added. “So many are out of jobs. It’s exhausting to outlive.”

‘Financial state of affairs very tense’

It’s not solely Zelenodolsk the place Russia’s invasion is taking its toll: Kryvyi Rih, the regional capital, 40 kilometres north, can be feeling the results.

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A number of factories have closed and the town’s largest employer, the metal plant ArcelorMittal, has needed to scale back its output, prompting job losses. Earlier than the Russian invasion, 22,000 folks labored there, though it is unclear what number of have been laid off. 

“The financial state of affairs may be very tense,” Oleksandr Vilkul, the pinnacle of the army administration in Kryvyi Rih, informed Euronews. “95% of our exports and imports to our giant industrial corporations got here by the Black Sea.”

Russia’s blockade of the Black Sea has meant Ukraine’s ports have floor to a halt. Restricted shipments of grain are actually being allowed to go away following an UN-brokered deal between Ukraine, Russia and Turkey. 

The affect on the town is extreme. Outlets are closed, many individuals are out of labor and the specter of Russian assaults is fixed, mentioned Vilkul. 

“There are many horrible issues that they’re doing. And I can inform you after we liberate extra territory, there will likely be a number of locations worse than Bucha,” he added, referring to claims that Russian troopers dedicated struggle crimes towards civilians in areas north of Kyiv in February and March.

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“The idea of Russia’s technique is to strangle our economic system and lower us off from the Black Sea, the place our foremost exports go.”

‘You’re simply ready for a missile to kill you’

Kryvyi Rih can be dwelling to a number of refugee centres, which have been internet hosting rising numbers of individuals after Kyiv — amid the deliberate counteroffensive in southern Ukraine — referred to as on locals to flee.

Many have come from the Kherson area, which Russia has occupied because the early days of the struggle. 

Certainly one of them is Lena, 28, who spoke to Euronews as she was searching for garments for herself and her household after leaving virtually all her belongings behind.

“We’re nonetheless scared. My son remains to be afraid to go inside as a result of he worries that Russia will drop a bomb on us. They did that at dwelling,” Lena says, “It’s higher right here. It’s extra steady. It’s not solely about surviving, however I hope to return dwelling someday.”

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Russia is at the moment contemplating having a referendum within the Kherson area to combine it into Russia: an analogous tactic was deployed when it annexed Crimea in 2014. 

This implies Lena fears Ukraine will likely be unable to take the territory again and that she is going to by no means see her dwelling once more.

“I actually strive not to consider it,” mentioned Lena. “I really like my dwelling, and I want to return, however it’s too unstable. 

“Each evening, after we had been sleeping, the home was shaking. You’re simply ready for a missile to kill you.”

‘I do not know what we are going to do’

Within the centre of Kryvyi Rih, captured Russian tanks and different army automobiles stand as proud symbols of Ukrainian success. 

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But some doubt whether or not Kyiv can retake Kherson and anyway, for a lot of, essentially the most urgent preoccupation is arguably the financial state of affairs.

Vladimir, 40, is one of many tanks along with his household, together with his 10-year-old son. He has work as a blacksmith, however, as a result of struggle, just for two days per week. 

“I earn lower than half of what I used to,” he mentioned. “So it’s exhausting. However it’s higher than others who’re fully with out work. However nonetheless, we don’t have a lot cash.

“I’m not positive what we are going to do within the winter if this continues. We dream that the struggle will finish, however I concern that we can’t retake territory. The state of affairs now isn’t sustainable.”

60-year-old Larysa, who’s together with her grandson, can be apprehensive.

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“Should you ask me if I significantly suppose that we are able to retake Kherson, I might want to say that I doubt it,” says Larysa. “I hope so, however it will likely be exhausting.”

“If we are able to’t try this and the financial state of affairs is like now, I don’t know what we are going to do.”

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GameStop is becoming a poorly run bank

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GameStop is becoming a poorly run bank
GameStop’s actual business – selling video games and associated paraphernalia – isn’t doing so hot. Its other business – earning interest on cash that was handed over irrationally – is helping. But that makes GameStop more akin to a bank than a retailer. Shareholders would be better off sticking with an actual savings account.
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WikiLeaks’ Assange is free after pleading guilty in deal with Justice Department

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WikiLeaks’ Assange is free after pleading guilty in deal with Justice Department

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WikiLeaks founder Julian Assange pleaded guilty Tuesday in connection with a deal with federal prosecutors to close a drawn-out legal saga related to the leaking of military secrets that raised divisive questions about press freedom, national security and the traditional bounds of journalism.

The plea to a single count of conspiring to obtain and disclose information related to the national defense was entered Wednesday morning in federal court in Saipan, the capital of the Northern Mariana Islands, an American territory in the Pacific.

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WikiLeaks founder Julian Assange, second from right, arrives at the United States courthouse where he is expected to enter a plea deal in Saipan, Mariana Islands, Wednesday, June 26, 2024. (AP Photo/Eugene Hoshiko) (AP )

Assange said that he believed that the Espionage Act under which he was charged contradicted his First Amendment rights but that he accepted that encouraging sources to provide classified information for publication can be unlawful.

“I believe the First Amendment and the Espionage Act are in contradiction with each other but I accept that it would be difficult to win such a case given all these circumstances,” he reportedly said in court. 

Under the terms of the deal, Assange is permitted to return to his native Australia without spending any time in an American prison. He had been jailed in the United Kingdom for the last five years, while fighting extradition to the United States.

A conviction could have resulted in a lengthy prison sentence. 

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AUSTRALIAN LAWMAKERS SEND LETTER URGING BIDEN TO DROP CASE AGAINST JULIAN ASSANGE ON WORLD PRESS FREEDOM DAY

Julian Assange after being released from prison

Screen grab taken from the X account of WikiLeaks founder Julian Assange following his release from prison on Tuesday June 25, 2024. Assange has arrived in Saipan ahead of an expected guilty plea in a deal with the U.S. Justice Department that will set him free to return home to Australia. (@WikiLeaks, via AP)

WikiLeaks, the secret-spilling website that Assange founded in 2006, applauded the announcement of the deal, saying it was grateful for “all who stood by us, fought for us, and remained utterly committed in the fight for his freedom.”

Federal prosecutors said Assange conspired with Chelsea Manning, then a U.S. Army intelligence analyst, to steal diplomatic cables and military files published in 2010 by WikiLeaks. Prosecutors had accused Assange of damaging national security by publishing documents that harmed the U.S. and its allies and aided its adversaries.

Manning was sentenced to 35 years in prison. President Barack Obama commuted the sentence in 2017 in the final days of his presidency.

Assange has been celebrated by free press advocates as a transparency crusader but heavily criticized by national security hawks who say he put lives at risk and operated far beyond the bounds of journalism.  

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SUPPORTERS OF JULIAN ASSANGE RALLY AT JUSTICE DEPT. ON 4-YEAR ANNIVERSARY OF DETAINMENT

Julian Assange boarding a plane

Julian Assange seen boarding an airplane. (Getty Images)

Weeks after the 2010 document cache, Swedish prosecutors issued an arrest warrant for Assange for allegedly raping a woman and an allegation of molestation. The case was later dropped. Assange has always maintained his innocence. 

In 2012, he took refuge in the Ecuadorian Embassy in London, where he claimed asylum on the grounds of political persecution, and spent the following seven years in self-exile there. 

The Ecuadorian government in 2019 allowed the British police to arrest Assange and he remained in custody for the next five years while fighting extradition to the U.S. 

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The Associated Press contributed to this report.

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France elections: Germans prepare for seismic change in EU politics

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France elections: Germans prepare for seismic change in EU politics

As France gears up for the shocking snap elections that French President Emmanuel Macron called during the EU elections, Germans are preparing for a seismic change in EU politics.

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With the upcoming French elections just around the corner, Germany is bracing itself for the results, which are expected to swing to the right.

Climate, migration and gender equality policies are likely to be affected on a national level in France if far-right Marine Le Pen’s National Rally party wins. Yet, political scientist Prof Dr Miriam Hartlapp warned the effects could ripple across the European Union.

“Policymaking in Brussels will change because members of this right-wing populist party could sit in the Council of Ministers. This creates a different situation for countries like Germany and other European nations,” Hartlapp said.

“France is not a small member state, but a large and important one. We can expect that European climate policy, asylum and migration policy, and gender equality policy at the European level will then look different,” she added.

Hartlapp said the swing to the right has spread across Europe as the dissatisfaction with current governments is reflected in the political climate.

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Germans are aware of the changes and this “causes concern,” Harlapp said, pointing at German Chancellor Olaf Scholz’s recent interview where he said he hopes “that parties that are not [Marine] Le Pen, to put it that way, are successful in the election. But that is for the French people to decide.”

Hartlapp added that the EU can expect immigration-related cases to be brought to the European Court of Justice.

“Some points in the National Rally‘s program clearly contradict the fundamental rights of the European constitution. For example, immigrants in France not having the same rights as French citizens when it comes to housing and social benefits. This directly contradicts EU law,” she said.

Meanwhile, in Germany, individual politicians from the far-right party Alternative for Germany (AfD) and extreme-right Die Heimat announced their plans to form factions in the eastern state of Brandenburg this week, after AfD outperformed all of the parties in the ruling coalition government during the EU elections.

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