LIVE: Alt News co-founder Mohammed Zubair arrested by Delhi police

Zubair was arrested under sections 153/295 IPC

10:31 PM

G7 and guests from global south hail 'courageous' defenders of democracy

The Group of Seven rich democracies and five developing countries invited to the G7 summit this year hailed the "courageous defenders" of democracy that stand against oppression in a joint statement on Monday.

 

In a statement on "resilient democracies" that did not explicitly mention Russia or Ukraine, the G7, India, Indonesia, Senegal, Argentina and South Africa reaffirmed their commitment to the rules-based international order.

10:29 PM

Russia’s richest man to take divorce fight to UK top court

Vladimir Potanin, Russia’s richest man, will take his legal battle with his ex-wife to the UK’s top judges in one of the world’s biggest divorce fights.

 

Potanin, who is sanctioned by Canada and Australia but not the UK or US, won permission to appeal the suit before the Supreme Court, a spokeswoman said Monday. The billionaire is bidding to overturn a previous ruling that cleared the way for Natalia Potanina to renew her $7 billion claim in London.

 

Judges previously said that Potanina received a “paltry award” in prior Russian divorce proceedings, given the billionaire’s wealth and the length of their 31-year-marriage. London’s divorce courts have been a popular destination for high value legal fights, with judges typically prepared to order a more equal share of a couple’s assets.

 

Potanin, the 61-year-old president of Norilsk Nickel, is worth $36 billion according to the Bloomberg Billionaires Index. 

10:18 PM

Macron tells Biden that UEA, Saudi can barely raise oil output

French President Emmanuel Macron said on Monday the Crown Prince of the United Arab Emirates, Sheikh Mohammed bin Zayed (MbZ), told him two top OPEC oil producers, Saudi Arabia and the United Arab Emirates, can barely increase oil production.

 

"I had a call with MbZ," Macron was heard telling US President Joe Biden on the sidelines of the G7 summit.

 

"He told me two things. I'm at a maximum, maximum (production capacity). This is what he claims. And then he said Saudis can increase by 150 (thousands barrels per day). Maybe a little bit more but they don't have huge capacities," Macron said.

10:07 PM

Copper steadies, but recession fears dominate mood

Copper prices steadied on Monday as sentiment improved after top consumer China eased COVID restrictions and the dollar slipped, but fears of a recession, rising prices and higher interest rates weighed on industrial metals.

 

Benchmark copper on the London Metal Exchange was up 0.3% at $8,404 a tonne at 1605 GMT. Prices of the metal used as a gauge of economic health by investors touched $8,122.50 a tonne on Friday, the lowest since February 2021.

8:56 PM

Delhi reports 628 new Covid cases

8:53 PM

To arrest Mohammed Zubair is an assault on truth: Tharoor

8:49 PM

Schloss Elmau, venue of G7 Summit has an India Connection; here's why

8:18 PM

Mumbai sees 1,062 COVID-19 cases, toll rises by five for second consecutive day

Mumbai on Monday reported 1,062 COVID-19 cases and five fatalities, taking the tally to 11,08,433 and the toll to 19,604, a civic official said.

 

The metropolis had reported five deaths on Sunday as well, which took the total number of fatalities in June so far to 38, a manifold rise from three in May and four in April, he pointed out.

 

The five deaths comprised four women above the age of 66 and a 78-year-old man, all of whom were suffering from comorbidities, including heart disease, the Brihanmumbai Municipal Corporation official said.

8:13 PM

Biden walks upto PM Modi at G7 Summit, shows bonhomie between leaders of democratic world

8:09 PM

Russian missiles hit crowded shopping mall in central Ukraine: Zelensky

A Russian missile strike hit a crowded shopping centre in the central Ukrainian city of Kremenchuk on Monday, President Volodymyr Zelensky said.

 

He said more than 1,000 people were in the shopping centre at the time of the attack. He gave no details of casualties but said: "It is impossible to even imagine the number of victims." 

8:02 PM

Alt News co-founder Mohammed Zubair arrested by Delhi police

7:54 PM

Maharashtra reports 2,369 new Covid cases

7:22 PM

NCP leader Chhagan Bhujbal tests positive for Covid

7:03 PM

We hope G7 countries will support India's climate efforts, says Modi

6:51 PM

Crypto broker Voyager Digital issues default notice to Three Arrows Capital

Crypto broker Voyager Digital said on Monday it had issued a notice of default to hedge fund Three Arrows Capital (3AC) for the fund's failure to make required payments on a loan, in another sign of stress in the embattled crypto industry.

 

The loan was for 15,250 bitcoin (approximately $324 million) and $350 million worth of USDC, a stablecoin, Voyager said in a statement. It said it intended to pursue recovery from 3AC and was in discussions with its legal advisors concerning the legal remedies available.