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Daily Briefing

Russia launches a widespread overnight air attack on Ukraine, Biden says the threat of Putin using tactical nuclear weapons is ‘real’, and the search for the submarine that went missing on a trip to the Titanic wreckage.

Plus, the U.N. has adopted the world’s first treaty to protect the high seas.

By Kate Turton

Today’s Top News

An explosion of a drone is seen in the sky over Kyiv, Ukraine June 20, 2023. REUTERS/Gleb Garanich

WAR IN UKRAINE

Russia launched a widespread overnight air attack on Ukraine, targeting military and infrastructure facilities in Kyiv and other cities, officials said. Ukraine said it had shot down 32 out of 35 Iranian-made Shahed drones launched from Russia’s Bryansk region and the Azov Sea.
President Joe Biden said the threat of Russian President Vladimir Putin using tactical nuclear weapons is “real”, days after denouncing Russia’s deployment of such weapons in Belarus. Biden called Putin’s announcement “absolutely irresponsible”.

ELSEWHERE

US and Canadian ships and planes searched for a submarine that went missing more than a day earlier off the coast of southeastern Canada while taking tourists to explore the wreckage of the Titanic, officials said. Everything you need to know about the missing Titanic submersible. Hear about the race against time to find the tourist sub on Reuters World News podcast.
Estonia’s parliament approved a law to legalize same-sex marriage, making it the first central European country to do so. The law will come into effect from 2024.
The Paris 2024 Olympics organizing committee headquarters and those of its infrastructure partner were being searched by police as part of investigations into alleged embezzlement of public funds and favoritism, prosecutors said.
International donors made pledges of close to $1.5 billion in aid for Sudan and the surrounding region, about half of estimated needs for a deepening humanitarian crisis that has driven some 2.2 million people from their homes.
Indian Prime Minister Narendra Modi heads to the US this week for a visit billed as a turning point for bilateral relations, with deeper cooperation in defence industry and sharing high technology in sharp focus.
A judge in Florida ordered defense lawyers for former President Donald Trump not to release evidence in the classified documents case to the media or the public, according to a court filing.

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Business & Markets

A quarter of workers surveyed by PwC expect to change jobs in the next 12 months, up from 19% last year, as they are increasingly left cash-strapped in a cooling economy while dealing with inflationary pressures.
European and Asian stocks fell after China cut interest rates by less than expected and the market awaited more details on Beijing’s plans to shore up a stuttering economic recovery.
Alibaba said its CEO and chairman Daniel Zhang will step down from the roles to focus on its cloud division as the Chinese e-commerce giant moves ahead with a plan to split into six business units.
French President Emmanuel Macron hosts a summit on Thursday and Friday to pin down a roadmap for easing the debt burdens of low-income countries while freeing up more funds for climate financing.
Former Nissan chairman Carlos Ghosn has sued the company for more than $1 billion in a lawsuit filed to Lebanon’s public prosecutor last month, according to a copy of the lawsuit seen by Reuters.

Export restrictions have created a de facto underground market for high-end AI chips

People enter the SEG E-Market at Huaqiangbei electronics market in Shenzhen, Guangdong province, China June 8, 2023. REUTERS/David Kirton

Psst! Where can a Chinese buyer purchase top-end Nvidia AI chips in the wake of US sanctions?

Visiting the famed Huaqiangbei electronics area in the southern Chinese city of Shenzhen is a good bet – in particular, the SEG Plaza skyscraper whose first 10 floors are crammed with shops selling everything from camera parts to drones. The chips are not advertised but asking discreetly works.

Special Report: Inside China’s underground market for high-end Nvidia AI chips

And Finally…

A turtle digs for food amongst the coral, Queensland, Australia, June 9, 2015. REUTERS/David Gray/File Photo

The U.N. has adopted the world’s first treaty to protect the high seas and preserve marine biodiversity in international waters, marking a milestone after nearly 20 years of effort, U.N. Secretary-General Antonio Guterres announced.

The adoption followed an agreement reached in March by more than 100 countries on the of text of the High Seas Treaty, also known as the Biodiversity Beyond National Jurisdiction treaty, after more than 15 years of discussions and five rounds of U.N.-led negotiations.

Read more here: UN adopts world’s first treaty to protect high seas biodiversity

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