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Russian drone strikes Ukrainian cities

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The drone swarm is the latest in a renewed Russian air campaign launched 10 days ago

 
Russia’s military hit Ukrainian cities with its largest drone swarm attack in months on Monday, just a day before Victory Day, a celebration of the Soviet triumph over Nazi Germany in 1945 and the most important day in the Russian calendar under President Vladimir Putin.

The drone swarm is the latest in a renewed Russian air campaign launched 10 days ago.

According to mayor Vitali Klitschko, Russia fired 60 Iranian-made Kamikaze drones at targets in Ukraine.

Thirty-six targeted the capital, all of which were shot down, he said.

“Right now we are in the apartment of one of the buildings. Today was a one of a massive attack at our hometown. Five people were injured, two people right now are in the hospitals. But nobody died which is very important.”

In Bakhmut, the Ukrainian government says Russian forces appear to be making a final push, hoping to capture it ahead of the May 9 holiday and deliver the only prize for Putin in a costly winter offensive.

The battle for the besieged city has been one of the bloodiest of the 14-month war.

As the wounded are taken from the frontlines, Ukraine’s President Volodymyr Zelensky further cemented Ukraine’s break with its Soviet past.

Speaking to the nation on a hill overlooking Kyiv, Zelensky said “the old evil” had returned, this time waged by a “modern Russia.”

Zelenskiy said he had submitted a bill to parliament officially making May 8 a day of remembrance and victory, while May 9 – Russia’s Victory Day – would become Europe Day.

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Eisman identifies infrastructure as key investment opportunity

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Famed investor Steve Eisman, has shifted his focus to infrastructure, citing three main reasons.

 

The pandemic-induced shift towards onshore investment, the rise of AI necessitating data centre expansion, and the global push towards greener energy.

Eisman believes these trends offer a decade-long opportunity for investors, with Australia presenting ample opportunities for market participation.

Notable companies to consider for exposure include BlueScope and James Hardie Industries for building materials, Macquarie Technology and Goodman Group for data centres, and Worley, AGL Energy, and Origin Energy for electricity grid upgrades and green infrastructure.

However, Eisman cautions investors to approach utility investments carefully, considering their capital expenditure budgets in renewable energy and grid upgrades.

 

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Civil War cinema brings in the box office dollars

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Alex Garland’s film “Civil War” has made a significant impact at the box office, surpassing expectations with a $25.7 million opening weekend in North America.

Starring Kirsten Dunst, Wagner Moura, and Cailee Spaeny, the film explores a near-future scenario where California and Texas unite against a president’s authoritarian regime. Despite fictional elements, “Civil War” has sparked widespread discussion, with its themes resonating in today’s political climate. The film’s performance, coupled with positive reviews, suggests a promising trajectory in the coming weeks, bolstered by a relatively quiet release schedule.

You can catch the trailer here

 

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Oil likely to see hike following Iran’s Israel attack

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Global oil markets are poised for potential disruption as tensions escalate in the Middle East following Iran’s recent attack on Israel.

The attack, which targeted key infrastructure, has raised concerns about the stability of oil supplies in the region.

Experts predict that the incident could lead to a spike in oil prices as investors react to the heightened geopolitical risk. #ticker today #featured

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