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Russia launched a record number of drones at Ukraine overnight into Friday, striking multiple buildings and residential areas, hours after US President Donald Trump said he had made “no progress” towards a ceasefire deal in a phone call with his Russian counterpart Vladimir Putin.

At least 23 people were wounded in the attack, which lasted 13 hours, according to Kyiv city and military authorities. Ukraine intercepted 476 out of a record 539 Russian drones, according to the country’s air force. It said Russia also launched 11 cruise and ballistic missiles.

Thousands of residents spent the night in shelters, including in subway stations or underground parking lots, as explosions and the sound of drones echoed through the city in the early hours of Friday morning.

“Absolutely horrible and sleepless night in Kyiv. One of the worst so far,” said Ukraine’s Minister of Foreign Affairs Andrii Sybiha. Ukrainian President Volodymyr Zelensky called it “one of the most large-scale air attacks” the country had seen.

“Notably, the first air raid alerts in our cities and regions yesterday began to blare almost simultaneously with media reports discussing a phone call between President Trump and Putin,” Zelensky said. “Yet again, Russia is showing it has no intention of ending the war and terror.”

The strikes sparked fires in buildings and structures across several city districts, and partially destroying multi-story buildings, according to the State Emergency Service of Ukraine. They also destroyed part of Kyiv’s railway, and damaged five ambulances that were responding to calls from those wounded.

Firefighters work at the site of a Russian drone and missile strike in the Ukrainian capital on Friday.
Residents move away from the scene after a Russian airstrike in Kyiv on Friday.

In recent weeks, Russia has launched near-nightly air attacks on Ukraine involving hundreds of missiles and drones. Earlier this week Ukraine’s foreign minister said that in June alone, Russia launched over 330 missiles, including nearly 80 ballistic missiles, 5,000 combat drones, and 5,000 gliding bombs against Ukraine.

Before Friday, the last record-setting night of attacks came just five days ago – when Russia fired 537 drones and missiles at Ukraine.

On Thursday, Trump held a nearly hour-long call with Putin and voiced frustration afterward about the stalled ceasefire negotiations.

“We had a call. It was a pretty long call. We talked about a lot of things, including Iran and we also talked about, as you know, the war with Ukraine,” Trump said. “I’m not happy about that.”

Asked if he felt he made progress with Putin on a deal with Ukraine, Trump said firmly: “No.” He added, “I didn’t make any progress with him today at all.”

Trump said he would speak with Zelensky early Friday morning, saying he was “very disappointed” with his conversation with Putin, whom he believes is “not looking to stop” the war.

The strikes come as the Trump administration pauses some weapons shipments to Ukraine, including air defense missiles, following a review of military spending and American support to foreign countries.

Trump acknowledged said that the decision had been made to protect US stockpiles.

The US has been the biggest single donor of military aid to Ukraine since Russia launched its full-scale invasion in 2022, supplying Ukraine with air defense systems, drones, rocket launchers, radars, tanks and anti-armor weapons, leading to concerns over dwindling US stockpiles.

But the balance of aid to Ukraine has changed significantly since Trump returned to power, casting doubt over the future of US support for Kyiv.

Trump and Putin did not discuss the pause in shipments to Ukraine during their call, according to Russian state media TASS, citing a Kremlin aide. However, Trump brought up ending the war “as early as possible” – to which Putin responded that Russia would not “back down” from its war goals in Ukraine, according to TASS.

This post appeared first on cnn.com

Bert Dohmen, founder and CEO of Dohmen Capital Research, sees physical gold and silver as key safe havens as a potential bull trap in the broad stock market plays out.

‘We said we’re probably going to go to a new high in a major, widely watched index like the S&P 500 (INDEXSP:.INX). It’s going to be by a small amount a new high, and that’s going to close the bull trap,’ he said.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Two alleged fraudsters accused of swindling an elderly woman out of tens of thousands of dollars in cash have been arrested by Australian police investigating a spate of “Chinese blessing scams.”

Chinese blessing scams have been reported worldwide for the last 25 years or so, including in the United States, the United Kingdom, Canada and New Zealand.

Offenders typically target elderly Asian women and convince them that a member of their family is cursed or in danger. Victims are told the only way to ward off negative spirits is to have their wealth blessed.

“It’s a robbery by stealth. These offenders swarm these vulnerable victims, usually Asian, older females. They swarm like a pack of hyenas,” said New South Wales Police Detective Superintendent Guy Magee.

A 63-year-old woman was detained at Sydney International Airport Thursday after “extensive inquiries” by Strike Force Sentinel, a special task force formed in April to investigate 80 reports of the scams, involving the alleged theft of 3 million Australian dollars ($2 million). She’s been charged with a number of offenses.

Her alleged accomplice, a 63-year-old man, was detained Friday at Brisbane Airport as he attempted to leave Australia on a flight to China. He’s expected to be charged soon.

Detective Superintendent Magee said Friday the alleged perpetrators of Chinese blessing scams are targeting the entire east coast of Australia.

“They’ll fly in. They’ll prey on the vulnerable in their own community. They’ll capitalize on the vulnerabilities of that community around superstition,” he said.

Typically, the elderly victim is taken to someone purporting to be a spiritual healer, who tells them to put their money and valuables in a bag.

“They will convince them that it’s been blessed, and they’ll tell them not to open that bag for a period of time, up to months. And if they do, they will come across bad fortune,” said Magee.

“Unfortunately, the victims are opening those bags to find their money and jewelry is simply not in there. It’s disgraceful.”

The two suspects arrested this week are accused of defrauding a 77-year-old woman of cash and jewelry worth 130,000 Australian dollars ($85,000) in the western Sydney suburb of Parramatta in June.

NSW Police say they believe 50 people are involved in the scam, and they’ve identified 25 suspects by name. Another 25 people have been seen on camera allegedly taking part. Eleven arrest warrants have been issued.

“It’s like a role play. There’s nothing by chance in what they do, they all have deliberate roles,” said Magee.

He said police believe the crime is “profoundly underreported” due to the victims’ embarrassment and shame about being conned. The number of cases is “probably double” police estimates, he added.

Last November, New Zealand Police arrested three Chinese nationals as they attempted to leave the country on flights to China after allegedly stealing thousands of dollars.

Police allege the trio arrived in the country that October and within days started targeting elderly members of the community.

The alleged scammers conned two victims out of about 30,000 New Zealand dollars ($18,000) in cash and jewelry, police said in a statement.

A “substantial amount” of money was retrieved, they added.

NSW Police issued advice to the community to beware of people asking directions to a Chinese herbal doctor or spiritual healer.

“Do not bring strangers home,” the advice said. Do not hand any valuables to strangers and “do not put money or jewellery in a bag for any blessing ritual,” it added.

This post appeared first on cnn.com

North Korean officials accused the U.S. Department of Justice (DOJ) of running ‘an absurd smear campaign’ after announcing that it had unraveled several schemes by the Democratic People’s Republic of North Korea (DPRK) to fund the regime through remote information technology work for U.S. companies.

Earlier this week, the DOJ said North Korean actors were helped by individuals in the U.S., China, the United Emirates and Taiwan to obtain employment with over 100 U.S. companies, including Fortune 500 companies.

The scheme allegedly involved the workers getting laptops from the companies that hired them and allowing remote North Korean IT workers to remotely access the computers. In another scheme, North Korean IT workers used false identities to gain employment with a blockchain research and development company in Atlanta, Georgia, and steal over $900,000 in virtual currency.

As part of its announcement about the North Korean scheme, the DOJ unsealed a five-count indictment against Zhenxing Wang, a U.S. national living in New Jersey, who has since been arrested.

Wang and his co-conspirators, the DOJ said, obtained remote IT work with U.S. companies and generated over $5 million in revenue.

Also charged in the indictment are Chinese nationals Jing Bin Huang, Baoyu Zhou, Tong Yuze, Yongzhe Xu, Ziyou Yuan and Zhenbang Zhou. Taiwanese nationals Mengting Liu and Enchia Liu were also charged in the indictment.

Also indicted was U.S. national Kejia ‘Tony’ Wang, also of New Jersey, who was charged separately.

North Korean news agency KCNA reported that a spokesperson for the DPRK Foreign Ministry lambasted the U.S. judicial system for its actions against DPRK citizens on the suspicion of a cybercrime.

‘The recent incident is an absurd smear campaign and grave violation of sovereignty aimed at tarnishing the image of our state as it is a continuation of the hostile move of the successive U.S. administrations that have talked much about the non-existent ‘cyber threat’ from the DPRK,’ the spokesperson reportedly said. ‘The Foreign Ministry of the DPRK expresses serious concern over the U.S. judicial authorities’ provocation which is threatening and encroaching on the security, rights and interests of our citizens by fabricating the groundless ‘cyber’ drama, and strongly denounces and rejects it.’

The spokesperson accused the U.S. of creating ‘international cyberspace instability,’ and not the DPRK.

‘The U.S. has long been posing a constant threat to the cybersecurity of the DPRK and other sovereign states by making cyber space a scene of battle and abusing the cyber issue as a political weapon to tarnish the image of other countries and impair the exercise of their legitimate rights,’ the spokesperson said. 

‘The Democratic People’s Republic of Korea has the right to take a proper and proportionate countermeasure to thoroughly protect the security and rights of its citizens from the judicial enforcement for a sinister political purpose, and to call to strict legal account the outsiders who took malicious action,’ the spokesperson concluded.

The DOJ said the indictment alleges that from 2021 and through most of 2024, the defendants and other co-conspirators compromised the identities of over 80 people in the U.S. to obtain remote jobs at more than 100 companies. As a result, the victim companies incurred legal fees, computer network remediation costs and other damages and losses to the tune of at least $3 million.

Kejia and Zhenxing, along with at least four other U.S. facilitators, allegedly helped overseas IT workers with various parts of the scheme.

Kejia and Zhenxing allegedly established shell companies with websites and financial accounts to make it appear as though the overseas IT workers were affiliated with legitimate businesses in the U.S. Once established, the two allegedly received money from U.S. companies, and the funds were transferred to co-conspirators overseas.

In exchange for their services, Kejia, Zhenxing and the other four conspirators in the U.S. received at least $696,000 from the IT workers.

The DOJ said one of the companies the schemers allegedly accessed data from was a defense contractor that develops artificial intelligence-powered equipment and technology. By accessing the company’s data, the schemers were privy to International Traffic in Arms Regulations (ITAR), the DOJ said.

The DOJ also announced that the FBI and Defense Criminal Investigative Service (DCIS) seized 17 web domains used as part of the scheme, along with 29 financial accounts holding tens of thousands of dollars, used to launder revenue for the North Korean regime.

The DOJ unveiled another part of the scheme, which resulted in a five-count wire fraud and money laundering indictment against four North Korean nationals: Kim Kwang Jin, Kang Tae Bok, Jong Pong Ju and Change Nam II.

The suspects are accused of scheming to steal virtual currency from two companies, with a value of over $900,000 at the time of the thefts, and to launder the proceeds.

All four nationals, the DOJ said, are at large and wanted by the FBI.

This post appeared first on FOX NEWS

In a year when the U.S. consumer has been weighed down by economic uncertainty, geopolitical tensions and inflation, Black entrepreneurs are eager to get to the Essence Festival of Culture to connect with their core customers.

“Essence Fest is like my Black Friday,” said Rochelle Ivory, owner of beauty brand On the Edge Baby Hair. “It is my biggest sales weekend of the year. It’s where I make all the capital I reinvest in my business.”

Essence Fest kicks off on Friday, with roughly 500,000 people attending the event in New Orleans. It generates around $1 billion in economic activity, according to organizers.

“It’s the cannot-miss event for us,” said Brittney Adams, owner of eyewear brand Focus and Frame. She said this year Essence Fest is even more important because she’s seen Black consumers pulling back on spending.

“I would say the uncertainty of just the economic and political climate — that’s giving people a little bit of hesitancy. Should they save the money? Should they buy the things they want?” Adams said.

Ivory said her sales are down roughly 30% year over year, but she’s hopeful people come to New Orleans looking to spend their time and money in the festival marketplace.

“This could make or break some of us,” she said. “It’s one of the few places where Black women, Black founders can really come together and be seen.”

The Global Black Economic Forum aims to bring visibility and create solutions for Black business owners at Essence Fest. This year speakers include Supreme Court Justice Ketanji Brown-Jackson and Maryland Gov. Wes Moore. Last year, then-Vice President Kamala Harris spoke.

“We intentionally curate a space that allows leaders to preserve, build and reimagine how we can collectively increase economic opportunity to thrive,” said Alphonso David, CEO of the GBEF.

While many Black Americans express economic anxiety, the data is less clear.

In the first quarter of this year, according to Federal Reserve data, the median weekly salary for Black workers was $1,192 a 5% increase year over year. Black unemployment stood at 6% in the most recent jobs report, a historically low number, but still higher than the national average of 4.2%.

However, the data doesn’t appear to fully reflect the sentiment for many Black Americans who are concerned about the political, cultural and economic shifts that have taken place since President Donald Trump’s election.

“Never let a good crisis go to waste,” said John Hope Bryant, founder and CEO of Operation Hope, one of the nation’s largest non-profits focused on financial education and empowerment.

Bryant said he sees the concerns of Black Americans as an opportunity in the second half of 2025.

“This president has done something that hasn’t been done since the 1960s, which is unify Black America. Wealth was created in the early 20th century because Blacks were forced to work together. But instead of Black Lives Matter, let’s make Black capitalist matter,” he said.

Pastor Jamal Bryant of New Birth Missionary Baptist Church has galvanized Black consumers with an organized boycott of Target that began in February in response to the retailer’s decision to roll back diversity, equity and inclusion initiatives.

Bryant said he is in discussions with Target but is ready to organize a longer-term boycott if the retailer does not fulfill the promises it made to the Black community after the killing of George Floyd. He is urging Black Americans to use the estimated $2.1 trillion dollars in spending power forecast by 2026 to drive economic and political change.

“I would dare say that ‘pocketbook protests’ are a revolutionary activity,” said Bryant.

“I think we have to be very selective in light of the ‘Big Ugly Bill’ that just passed and how it will adversely affect our community,” he said, referencing Trump’s megabill that passed through Congress this week.

Invest Fest, an event that blends commerce and culture created by financially focused media company Earn Your Leisure kicks off in Atlanta in August.

Co-CEOs Rashad Bilal and Troy Millings said the event will remain focused on financial literacy, but this year they are emphasizing the urgent need for education and entrepreneurship in technology.

“It’s definitely now or never, the time is now,” said Bilal.

“The important thing this year is the way technology is going to disrupt a lot of career paths and the businesses, and we have to prepare for that, which is why AI is at the forefront of the conversation, crypto is at the forefront of the conversations, real estate as always and entrepreneurship,” said Millings.

New this year is a partnership with venture capital firm Open Opportunity and a pitch competition where an entrepreneur can win $125,000 in funding to scale their business.

“We need more businesses that can reach $100 million valuation to a $1 billion valuation, get on the stock market. The pathway to that 9 times out of 10 is technology,” Bilal said.

The National Black MBA Association Conference in Houston in September will have a similar tone. The event is known for its career fair where the nation’s largest companies recruit as well as for networking and vibrant social activities.

This year, interim CEO Orlando Ashford is working to establish artificial intelligence education and financial literacy as pillars of the event.

“Doing business as usual is not an option,” Ashford told CNBC. “AI is something I literally refer to as a tsunami of change that’s on its way. All of us will be forced to pivot in some ways as it relates to AI. Those of us that are out in front, that embrace it and leverage it actually can turn it into a tremendous and powerful opportunity. Those that wait and ignore it will be overtaken by the wave.”

This post appeared first on NBC NEWS

Saudi Defense Minister Prince Khalid bin Salman secretly met with President Donald Trump and other key officials in the White House on Thursday to discuss de-escalation efforts with Iran, multiple sources confirmed with Fox News.

Khalid, also known as KBS, is the younger brother of Saudi Crown Prince Mohammed bin Salman.

Multiple sources told Fox News Channel’s chief political anchor Bret Baier about the meeting.

According to sources, the talks included discussions about de-escalation with Iran and getting to the negotiating table.

The talks were also reportedly about ending the war in Gaza and negotiating the release of the remaining hostages – whether dead or alive – and about working toward peace in the Middle East.

Although the talks were not exclusively about the possibility of normalization with Israel, sources said the conversation dealt with steps that needed to occur to get there.

Sources also said, ‘there was progress and optimism on all fronts.’

The Saudis are in the process of finalizing a defense and trade deal with the U.S., and the message shared between the two allies, sources added, is that they see eye-to-eye on all issues.

The meeting comes days after Trump said other nations have suggested they would like to join the Abraham Accords amid recent Middle East shakeups that saw Israel and the U.S. inhibit Iran’s nuclear ambitions during what has been dubbed the ’12-Day War.’

The Abraham Accords, which sought to normalize relations between Israel, Sunni Gulf States and North African countries, was signed at the White House during the first Trump administration in September 2020.

US special envoy to the Middle East Steve Witkoff said on June 25 that expanding the accords is one of the president’s ‘key objectives’ and predicted that the administration will have some ‘big announcements’ on countries coming into the accords soon.

Last week, White House press secretary Karoline Leavitt named Syria as one of the nations the president was keen to join, noting their historic meeting in Saudi Arabia earlier in the year.

One of the largest Hebrew-language outlets, Israel Hayom, reported Tuesday that Israeli National Security Advisor Tzachi Hanegbi believes those countries are Syria and Lebanon as the top Middle East states who could join the Abraham Accords.

In May, Trump asked Syrian President al-Sharaa to fully normalize relations with Israel in exchange for sanctions relief. 

‘The barriers of entry for expanding the Abraham Accords are incredibly low. It will not surprise me if President Trump expands the Accords within his second term,’ Robert Greenway, former senior director for the National Security Counciland key architect of the Abraham Accords, told Maria Bartiromo, on ‘Mornings With Maria’ on FOX Business.

After the completion of the Abraham Accords, which normalized diplomatic relations between Israel and the United Arab Emirates, Bahrain, Morocco and Sudan in 2020, there was a growing expectation among U.S. officials and Middle East experts that Saudi Arabia would follow suit.

In February, Fox News Digital reported that Trump administration officials said the White House was seeking an expansion of the Abraham Accords.

The Biden administration faced criticism for failing to expand the Abraham Accords and for picking fights with states who made peace with Israel as part of the landmark agreement.

Fox News Digital’s Benjamin Weinthal, Morgan Phillips and Taylor Penley contributed to this report.

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