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Ukraine Launches Major Drone Attack on Russia’s St. Petersburg Oil Port

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Ukraine launched a large-scale overnight drone attack targeting Russia’s St. Petersburg and the surrounding Leningrad region, striking oil infrastructure and port facilities, according to Russian and Ukrainian officials. Russian authorities said the city’s oil terminal was hit but reported no casualties in St. Petersburg, while officials claimed that dozens of drones were intercepted during the attack.

The governor of the Leningrad region said drones also struck the port of Vysotsk, a key Baltic Sea hub that handles oil, liquefied natural gas, grain, and coal. Ukrainian President Volodymyr Zelenskyy stated that the strikes were aimed at oil infrastructure that supports Russia’s war efforts and also targeted Kronstadt, a strategically important Russian naval base near St. Petersburg.

The latest operation is part of Ukraine’s intensified campaign against Russian energy and military infrastructure. Russian officials also reported that drone attacks in the Bryansk region and Russian-controlled Crimea killed one person in each location, while additional drones were intercepted in the Pskov region, where minor damage and injuries were reported.

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NATO Leaders Meet in Ankara Amid Trump Tensions

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NATO leaders will gather in Ankara next week for a high-stakes summit aimed at reinforcing alliance unity despite growing tensions with U.S. President Donald Trump. European members are expected to highlight increased defence spending and stronger military capabilities as Washington scales back parts of its military commitment to Europe. NATO Secretary General Mark Rutte said the summit will focus on turning higher defence budgets into combat-ready forces and expanding the alliance’s defence industry.

The meeting is also expected to reaffirm NATO’s support for Ukraine, with leaders pledging continued military assistance in its war against Russia. Ukrainian President Volodymyr Zelenskiy will attend a dinner hosted by Turkish President Recep Tayyip Erdoğan, who is also scheduled to hold bilateral talks with Trump. European leaders hope the personal ties between Trump, Erdoğan and Rutte will help keep discussions constructive despite recent disagreements.

The summit comes after months of strain within the alliance, including disputes over the Iran conflict, Trump’s criticism of NATO spending, and U.S. troop reductions in Europe. European officials remain concerned that renewed tensions or developments in the Middle East could overshadow the gathering. Even so, NATO diplomats say leaders recognise the importance of presenting a united front and maintaining the alliance’s collective security commitments.

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Vatican Excommunicates SSPX Bishops and Warns Followers Over Growing Church Schism

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The Vatican has formally excommunicated the six bishops of the Society of Saint Pius X (SSPX), a conservative Catholic group, after it consecrated four new bishops despite direct instructions from Pope Leo XIV not to do so. In an unprecedented move, the Vatican also declared that lay members who formally adhere to the group’s teachings and regularly participate in its religious activities may also be considered excommunicated, while inviting those who leave the society to return to the Catholic Church.

Founded in 1970, the SSPX rejects many of the reforms introduced by the Second Vatican Council, including celebrating Mass in local languages instead of Latin and other modern changes within the Roman Catholic Church. The group, which has an estimated 600,000 followers worldwide, maintains traditional practices and opposes the Church’s increased dialogue with other Christian denominations and other faiths. It has a significant presence in countries including the United States, France and the United Kingdom.

The Vatican clarified that not every SSPX member would automatically be excommunicated, but those who consistently participate in its services and publicly support its doctrinal positions would be regarded as being in schism with the Church. Excommunication is one of the Church’s most severe penalties, preventing individuals from receiving sacraments and fully participating in Catholic life. The latest decision marks a major setback in years of efforts to reconcile the Vatican with the traditionalist movement.

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Ukrainian Woman Named Main Suspect in Monaco Bomb Attack, Believed to Have Fled to Germany

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Monaco authorities have identified a 39-year-old Ukrainian woman as the main suspect in the bomb attack that injured a wealthy businessman and his family earlier this week. Prosecutors said the suspect, Anastasiia Berezovska, is wanted for attempted murder, criminal conspiracy and placing an explosive device in a public place. An Interpol Red Notice has been issued after investigators determined she fled Monaco and is believed to be in Germany.

According to investigators, the suspect allegedly left a parcel containing an explosive device outside a building in Monaco before detonating it remotely as Ukrainian-born businessman Vadym Yermolaiev, his partner and their son arrived. The blast left all three injured. Officials said the suspect escaped on foot into neighboring France before using a rental car from Germany to travel through several European countries, including Italy, and eventually return to Germany.

Investigators believe the attack was carefully planned and are examining the possibility that the suspect did not act alone due to the sophistication of the operation. Two individuals who were detained in Monaco during the investigation have since been released without charges. Judicial sources later confirmed that the suspect was reportedly spotted in Frankfurt as authorities continue their international search.

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ECB Chief Lagarde Says Early Exit Before 2027 Term Cannot Be Ruled Out

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European Central Bank (ECB) President Christine Lagarde has said she cannot completely rule out leaving her position before the end of her term in October 2027 if she decides to play a role in French politics. In an interview with French newspaper Les Échos, Lagarde said it was “possible” she could depart early, adding that she believes a strong European voice should be part of France’s presidential debate.

However, Lagarde dismissed suggestions that she is preparing to run in France’s presidential election next spring. When asked whether she would support a candidate or become one herself, she initially joked that she would “reflect on it” before clarifying that such a move is “not currently on the agenda.” She emphasized that her priority would be to contribute a European perspective to France’s political discussions rather than pursue elected office.

Lagarde reiterated the importance of France remaining firmly anchored within Europe, arguing that the country’s economic future depends heavily on its role within the European Union. She said she would speak with both a French and European voice, stressing that France must play a decisive role in shaping the continent’s economic future while maintaining strong European cooperation.

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Cossacks Help Manage Fuel Queues as Russia’s Fuel Crisis Deepens

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Cossacks and volunteers have joined local officials and police in the Russian Black Sea resort of Anapa to manage long queues at petrol stations as fuel shortages worsen. They are helping regulate traffic, prevent disputes, and enforce limits on fuel purchases amid growing pressure on supplies.

The fuel crisis has been triggered by repeated Ukrainian attacks on Russian energy infrastructure, forcing Moscow to introduce emergency measures. Drivers in several regions are now limited to buying 20 litres of gasoline per vehicle, while authorities say queue management has reduced waiting times from several hours to around 30–40 minutes.

Russia has also eased fuel quality standards and increased gasoline imports to address the shortage. The situation comes as fighting between Russia and Ukraine continues, with both sides carrying out regular attacks and peace efforts remaining at a standstill.

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French Far-Right Awaits Crucial Court Ruling That Could Reshape 2027 Presidential Race

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French far-right leader Marine Le Pen is awaiting a crucial court ruling on July 7 that will determine whether she can contest the 2027 presidential election. The appeal challenges a five-year ban from holding public office and a four-year prison sentence imposed in 2025 over the embezzlement of European Parliament funds. The verdict could either clear the way for Le Pen’s fourth presidential bid or force the National Rally (RN) to choose a new candidate.

If Le Pen remains barred, party president Jordan Bardella is widely expected to become the RN’s presidential nominee. Although party leaders insist the transition would be united, many members acknowledge that replacing Le Pen would mark the end of an era for the politician who transformed the National Rally into France’s largest parliamentary party. Bardella’s leadership has also sparked internal debate over the party’s future direction, particularly on economic policy.

Opinion polls suggest both Le Pen and Bardella would comfortably advance to the second round of the 2027 election, with recent surveys showing Bardella attracting even stronger first-round support than Le Pen. However, political analysts note that his relative lack of experience compared with Le Pen could become a key issue if he leads the far-right campaign, making the upcoming court ruling one of the most significant moments in French politics ahead of the presidential race.

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EU Pledges Fresh Support to Armenia Amid Rising Russian Economic Pressure

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The European Union has announced an additional €18 million in economic assistance for Armenia and eased export rules for Armenian goods as part of efforts to strengthen ties with the South Caucasus nation. The support comes as Armenia faces increasing trade restrictions from Russia, which have affected key exports including fresh produce, flowers, fish, and alcoholic beverages. The latest funding forms part of a broader €52 million assistance package unveiled earlier this year.

During a visit to Yerevan, European Commission President Ursula von der Leyen assured Armenian Prime Minister Nikol Pashinyan that the EU would stand by Armenia despite external economic pressure. She said the bloc would remove tariffs on nearly 80% of Armenian exports, giving businesses easier access to the European Union’s market of around 450 million consumers. Von der Leyen emphasised that the EU would continue supporting partners facing economic challenges.

The announcement reflects Armenia’s growing efforts to strengthen relations with the European Union while maintaining its position in the Russian-led economic union. Russia remains Armenia’s largest trading partner, accounting for about 35% of its foreign trade, while the EU represents around 11%. The EU also reaffirmed its commitment to promoting peace and regional connectivity in the South Caucasus through investments in transport, energy, and digital infrastructure.

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Greek Ruling Party Calls for Nationwide Protests After Firebomb Attack Kills Candidate’s Mother

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Greece’s governing New Democracy party has called on its supporters to stage protests after a firebomb attack in the northern city of Thessaloniki claimed the life of the 72-year-old mother of parliamentary candidate Afroditi Nestora. The victim died from severe burns sustained during coordinated attacks on three homes linked to members of the ruling party. Nestora was also injured in the incident, while three others were wounded.

The attacks took place before dawn when assailants placed flaming gas canisters outside the targeted homes, triggering explosions and fires. Authorities said no group has claimed responsibility so far, but the country’s anti-terrorism unit has taken over the investigation. Police believe the attacks were coordinated and are reviewing surveillance footage to identify those involved.

Government officials condemned the incident as an act of terrorism and vowed that political violence would not intimidate the country. The New Democracy party and its youth wing have called for a public rally to honour the victim and demonstrate unity against terrorism. The attack marks the first fatal assault targeting Greek politicians in more than a decade, reviving concerns over political violence in the country.

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Mega-Deals Drive Global M&A to Record High in First Half of 2026

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Global mergers and acquisitions (M&A) reached a record $2.8 trillion in announced deals during the first half of 2026, marking a 48% increase compared to the same period last year, according to LSEG data. The surge was largely driven by 47 mega-deals valued at over $10 billion each, which together accounted for more than $1.3 trillion in transactions. Despite the record value, the total number of deals fell 9% to around 24,000, the lowest level in six years.

Investment bankers say companies are taking advantage of improved regulatory conditions, strong financing availability, and growing investor preference for larger, more focused businesses. High-profile transactions, including NextEra Energy’s acquisition of Dominion Energy and SpaceX’s purchase of Cursor, reflected the increasing appetite for transformational deals. Analysts believe many companies are now pursuing long-planned acquisitions to strengthen their competitive position and drive future growth.

Technology remained the most active sector, recording $649 billion in announced deals, with artificial intelligence and infrastructure-related industries attracting strong interest. Cross-border M&A activity also rose 62% year-on-year to $893 billion, led by transactions involving the United States and the United Kingdom. Experts expect dealmaking momentum to continue through the rest of 2026 as companies seek expansion, strategic partnerships, and business restructuring opportunities.

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