Key Takeaways
- Ukraine received a $100 billion EU loan for its war effort.
- President Putin outlined conditions for peace, blaming the EU for the conflict.
- Finland launched the world's first deep underground nuclear waste storage facility.
- The Bank of Japan raised interest rates to 0.75%, the highest in 30 years.
- Thailand and Cambodia engaged in renewed, intense border fighting.
- A boxing match between Anthony Joshua and Jake Paul is set for Miami.
- Comet 3i Atlas, estimated to be 7 billion years old, made its closest approach.
Deep Dive
- Ukraine welcomed a $100 billion EU loan to bolster its war effort.
- The EU did not agree to use frozen Russian assets for the loan due to legal and retaliation concerns, particularly from Belgium.
- Alexander Mareshko, chair of the Ukrainian Parliament's Foreign Affairs Committee, emphasized the urgency for defense funds, viewing it as an investment in European security.
- President Putin stated Russia would end fighting only if its security was guaranteed, claiming Ukraine was losing and retreating.
- He dismissed the EU's use of frozen assets as 'daylight robbery' and blamed the EU for starting the war.
- Putin expressed support for former US President Donald Trump, suggesting Europe replaced America as Russia's primary adversary.
- Finland became the first country to complete Onkalo, a deep underground facility for permanent spent nuclear fuel disposal.
- Geologist Sana Mothanen explained the facility is 400 meters beneath dense bedrock northwest of Helsinki.
- It will house tunnels and storage holes for waste from Finland's nuclear power plants, sealed with bentonite clay and concrete plugs.
- The Bank of Japan raised its interest rate to 0.75%, the highest in 30 years.
- This decision aims to combat inflation and stimulate the stagnant economy after decades of near-zero rates.
- The move is intended to encourage borrowing and spending to boost economic activity.
- Intense fighting resumed between Thai and Cambodian forces along a disputed border for a second week, with both armies vying for control of hilltops.
- Thailand gained ground and conducted airstrikes, destroying a 20-30 meter gap on a high bridge to prevent Cambodian troop reinforcement.
- Cambodia estimates at least 500 soldiers killed, while Thailand reports 21 deaths.
- Former world heavyweight champion Anthony Joshua is set to fight YouTube personality Jake Paul in Miami.
- Boxing correspondent Steve Bunts discussed the potentially dangerous mismatch due to the 36-year-old Joshua's age and experience versus 28-year-old Paul.
- Paul believes Joshua is past his prime and aims to significantly advance his boxing rank by defeating him.