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Russia unleashes rockets on steel plant

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While some civilians have been evacuated from the Steel Works in the port city of Mariupol in Ukraine, Russia has unleashed rockets on to the area

A ceasefire supported by the UN and Red Cross allowed some to escape to Ukrainian-controlled Zaporizhzhia but many more remain trapped beneath the plant.

This comes as Russia continues its attack, particularly targeting Ukraine’s east and south with little luck in taking over the capital of Kyiv.

The West of Ukraine has also been a target in a bid to limit Ukraine’s access to the Black Sea from which the country receives much of its grain, metal exports and military aid.

Russia’s defence ministry claims its forces hit a military airfield near the port of Odesa with missiles, damaging or destroying missiles, drones and ammunition provided to Ukraine by Western countries.

The European Union is now planning on imposing new sanctions on Russia in response… affecting Moscow’s oil industry, banks and those behind disinformation.

“We are working on the sixth package of sanctions which aims to de-SWIFT more banks, list disinformation actors and tackle oil imports”

The EU’s top diplomat Josep Borrell tweeted

Russia’s top lender Sberbank is expected to be targeted, excluding it from the SWIFT messaging system and a ban on imports of Russian oil by the end of this year is also in consideration.

The proposed measures will be presented to the 27 EU member states for approval on Wednesday.

Meanwhile US President Joe Biden has also urged Western nations to support Ukraine, emphasising how much US aid has helped Ukrainians in their fight against Russian aggression.

Russia’s President Vladimir Putin has hit back saying he could stop exports and deals.

The President signed a broad decree that prohibits the export of products and raw materials to those on a sanctions list that Russia’s government has been working on over the past 10 days.

This could cause chaos in markets allowing Moscow to stop exports and tear up contracts with an entity or individual it has sanctioned.

Putin specified that this move is a direct response to what he calls the illegal actions of the US and its allies to deprive “the Russian Federation, citizens of the Russian Federation and Russian legal entities of property rights or the restricting their property rights”.

Natasha is an Associate Producer at ticker NEWS with a Bachelor of arts from Monash University. She has previously worked at Sky News Australia and Monash University as an Online Content Producer.

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Markets watch RBA, tax talks, and Nvidia surge

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Investors are eyeing a possible rate cut from the Reserve Bank of Australia as inflation cools. In the US, Trump’s sweeping tax bill is dividing Congress ahead of the 2026 race. Nvidia gears up to report earnings next week, with markets hopeful the AI boom continues. Meanwhile, Bitcoin has hit fresh record highs, driven by ETF momentum and global demand.

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Trump’s “big beautiful bill” takes centre stage

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Donald Trump is back in Washington, rallying Republicans around his sweeping new budget plan—nicknamed the “One Big Beautiful Bill.” It promises to tackle inflation, border security, and government waste, while proposing a bold new Department of Government Efficiency—possibly led by Elon Musk. With U.S. debt over $36 trillion, Trump’s push comes at a tense economic moment. Supporters say it’s about fiscal discipline; critics say it’s far-fetched. As 2026 looms, the question remains—can Trump deliver real reform, or is this more political theatre?

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Tech, trade & tariffs reshape global economic landscape

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The global economy is undergoing rapid change — with breakthroughs in technology, shifts in trade policy, and renewed inflationary pressures all colliding.

In the U.S., the autonomous vehicle sector is accelerating after Waymo received key regulatory approval to expand its driverless services. The move could give Alphabet a competitive edge over rivals like GM’s Cruise, with the prospect of robotaxis generating real revenue on the horizon.

At the same time, fresh tariff threats are sparking alarm in the retail sector. Walmart has warned that new duties could trigger double-digit price hikes, putting pressure on consumers and potentially reshaping spending patterns, especially in electronics and apparel.

Meanwhile, the UK and EU have struck new trade agreements aimed at reducing red tape around food and emissions. The deals mark a step toward improved cooperation and could provide a modest economic boost for exporters.

With uncertainty still hanging over global markets, investors are once again turning to precious metals. Gold and silver are gaining attention as safe havens, with silver’s industrial use giving it added appeal in an uncertain climate.

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