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Vladimir Putin said Russia launched strikes on Ukraine because of the Crimean Bridge explosion

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Vladimir Putin has described Russia’s air strikes on Ukraine, the most comprehensive since the first weeks of his seven-month invasion, as retaliation for the bombing of the bridge linking Russia to Ukraine’s Crimea peninsula.

Speaking at a meeting of his Security Council on Monday, the Russian president accused Kyiv of committing a “terrorist attack” on the Kerch bridge, which was destroyed by an explosion on Saturday, and said that “leaving such a crime unanswered is impossible.”

anyway put it in He claimed the targets were military, energy, and communications, and initial footage and evidence of damage showed a stadium and bridge in central Kyiv, as well as civilian infrastructure across the country. The Russian Defense Ministry said its strikes “hit all identified targets”.

The Russian military has been losing ground in areas of southeastern Ukraine that Putin unilaterally declared part of Russia last month. On Saturday, Moscow suffered a blow to its prestige after bridge attack, A symbol of the Russian annexation of Crimea in 2014, which it claimed was well-protected.

Ukraine’s Foreign Minister Dmytro Kuleba said on Twitter: “Russia was constantly hitting Ukraine with missiles before the bridge as well. Putin is desperate for defeats on the battlefield and is using missile terrorism in an attempt to turn the tempo of war in his favour.”

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The Ukrainian Air Force said more than 80 Russian missiles had been fired at targets across the country by afternoon local time. The Air Force wrote on Facebook that “high-precision land, sea and air missiles” were used. Valery Zaluzhny, Commander-in-Chief of the Ukrainian Armed Forces, said that the air defenses were able to intercept at least 41 missiles. Ukraine also said it destroyed nine of 12 Iranian Shahed-136 kamikaze drones.

The missiles also hit the city of Lviv in western Ukraine. Dnipro is in the center of the country. And many other cities, including Zaporizhzhia and Mykolayiv in the south, which are close to the front line.

There were reports of explosions in the Black Sea port of Odessa, and air raid alerts went off in every part of it Ukraineother than occupied Crimea.

Putin has warned that he is ready to repeat the strikes if Ukraine continues to bomb Russian infrastructure targets. On Sunday, he accused Ukrainian intelligence services of striking the Kerch bridge.

If attempts to carry out terrorist attacks continue on our territory, Russia’s response will be harsh and at the level of the threats it faces. “No one should have the slightest doubt,” Putin said on Monday.

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Ukraine has not claimed responsibility for the Kerch bridge attack, although senior officials cheered on social media and the post office issued a commemorative stamp to commemorate the blast.

Moldova’s Foreign Minister Nico Popescu said three cruise missiles launched from Russian ships in the Black Sea crossed Moldova’s airspace on Monday, adding that he had summoned Russia’s ambassador in the capital, Chisinau.

Ukrainian police spokeswoman Mariana Riva told state television, citing initial details, that the strikes killed at least 10 people and wounded at least 60.

The European Union said the Russian missile attacks on Ukrainian cities on Monday “amount to war crimes”. NATO Secretary General Jens Stoltenberg called it “appalling and indiscriminate” and vowed that the alliance would support Ukraine against Russia “for as long as it takes”.

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Joe Biden, the US president, said the attacks demonstrated “the absolute brutality of Putin’s illegal war on the Ukrainian people”. Echoing Stoltenberg’s comments, Biden added: “These attacks only reinforce our commitment to stand by the people of Ukraine for as long as possible.”

US Secretary of State Anthony Blinken said: “Neither these strikes can shatter Ukraine’s spirit nor our resolve to support Ukraine. The United States will continue to provide vital economic, humanitarian, and security assistance so that Ukraine can defend itself and take care of its people.”

Blinken called on world powers to make clear that “Putin’s actions are totally unacceptable,” adding: “Now is the time to talk about support for Ukraine. It is not the time for abstentions, appeasement words, or prevarication under allegations of neutrality.”

NATO is scheduled to host a meeting of Western arms-supplying Ukraine on Wednesday, and a gathering of defense ministers of the 30 allies on Thursday.

The strikes came two days after Russia appointed Sergei Sorovikin, a former Air Force general known for his toughness in leading Russian operations in Syria, as commander of Russia’s invasions.

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Hardline Russian war supporters, who have criticized the military for its battlefield setbacks and called on Putin to step up Russia’s war efforts, welcomed Surovkin’s appointment and strikes.

“There is a reaction for you,” Margarita Simonyan, editor of the Kremlin-funded news channel RT, wrote on social media app Telegram. The Crimean Bridge has been the red line since the beginning. She added.

In Kyiv, rockets or missiles landed at the central intersection of Volodymyrska Street and Shevchenko Street, at the northwest entrance to Shevchenko Park, one of the busiest intersections in the Ukrainian capital during the morning rush hour.

Pictures showed damage to a children’s playground in Shevchenko Park and a pedestrian bridge nicknamed “Klitschko Bridge” after the city’s mayor.

Pictures and videos sent to the Financial Times by government officials showed first responders and ambulances at the scene.

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Pictures posted on Telegram showed damage to a skyscraper near the main train station in Kyiv, which houses the offices of DTEK, a large electricity production company owned by Rinat Akhmetov, one of Ukraine’s richest men.

Ukrainian President Volodymyr Zelensky released a short video in which he said Russia has used missiles and suicide drones to target “critical infrastructure” and ordinary citizens. They want panic and chaos, they want to destroy our energy system. “They are hopeless,” he said, standing outside his office in downtown Kyiv.

Separately, Belarusian leader Alexander Lukashenko said he and Putin agreed to form a joint group of forces “due to the escalation on the western borders” of the two countries, the official Belta news agency reported on Monday. His comments come after a meeting with Putin last week.

Belarus, Moscow’s closest ally, has allowed Russia to use its territory to attack Ukraine since Putin’s invasion began in February, but has resisted allowing its forces and equipment to be drawn into the conflict.

Additional reporting by Henri Foy in Brussels

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5 takes from Wall Street analysts

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There is no doubt that Costco (cost) had a good year.

For one thing, Yahoo Finance has outperformed the 2022 bear market — the stock is down 13% so far this year to about $495 a share compared to a 15% drop for the S&P 500 (^ The Salafist Group for Preaching and Combat) as of December 2. In addition, many investors love the big retail store because of its die-hard clientele and solid balance sheet.

Of course there are some critics. They worry about the company’s high valuation amid scary times in the markets and the economy.

So what are the prospects for COST? Yahoo Finance recently spoke with five Wall Street securities analysts to get their thoughts. Here are their edited excerpts:

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Evan Feneth, Tigress Financial Partners

What’s good about Costco stock: The Company consistently reports strong same-store sales growth in both good and challenging retail environments. Costco remains well-positioned to see increases in traffic online and in stores, largely because it provides consumers with an important low-cost value proposition. In addition, Costco is taking advantage of its expanding service offerings, including travel, home improvement, and expanded business services. Renewal rates are also at an all-time high.

What does it matter: What is always of concern are changes in consumer spending trends in light of economic changes.

Rating / Target Price: Buy / $678

Final thoughts: Costco continues to see the good times as consumers spend more on discretionary items (such as air travel). In tough economic times consumers are looking for bargains. You can see this in the strength of memberships that continue to grow. Their customers pay for the opportunity to shop there and believe it is worth the fee because of Costco’s strong value proposition.

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Oliver Chen, Quinn

What’s good about Costco stock: Costco continues to be a leading consumer brand for us — what we’re seeing is the company is well positioned for strong first-class performance given the encouraging historical consistency and unique membership model that focuses on deep value. We especially like Costco’s differentiation with its Kirkland Signature private label and limited assortment across 3,500 stock keeping units (SKU’s), which gives the company massive buying power.

What does it matter: In our view, the key arguments about Costco remain: (1) the emergence of more stringent comparable metrics as the company continues to drive steady growth; (ii) the evolution of consumer behaviors, the company’s ability to maintain loyalty, and consistent membership metrics; (3) High current given rating The price-to-earnings ratio, which contracted five percent from its three-year average.

Rating / Target Price: Exceed / $650

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Final thoughts: We believe the company has both the ability and experience to drive continued strong retail execution and believe core competencies. One of its main strengths is that Costco is one of the few American concepts that is relatively successful on a global scale. Also: Its size makes it one of the best buys with great buying power across a limited selection of items. Finally, Costco’s unique vertically integrated supply chain delivers outstanding distribution and cost effectiveness, (for this reason) we maintain a “Superior” rating.

Michael Baker, DA Davidson

What’s good about Costco stock: Inventory positives include significant and consistent same-store sales growth.

What does it matter: Our biggest concern and the reason we have a neutral rating is the above average COST multiplier. We also saw some declines in gross margin.

Rating / Target Price: Neutral/ $455

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Final thoughts: Costco is a top-tier operator with strong sales and earnings trends and forecasts. But we think that’s reflected in the current share price.

Chuck Groom, Gordon Haskett Research Consultants

What’s good about Costco stock: Consistency of the underlying comp business month to month, usually driven by healthy traffic trends. Also, the membership fee stream is an annuity for the long haul. The balance sheet is also very good with low leverage and ample cash.

What does it matter: Valuation has always been a sticking point for investors, but that’s been the case for the more than 20 years Costco has covered it.

Rating/Price Target: Buy / $600

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Final thoughtsCostco does what’s right for its customers first, employees second, and shareholders third. This approach makes it one of the best retailers we cover.

Corey Tarlow, Jefferies

What’s good about Costco stock: Well…for now [economic] The background, it’s a business with a really good standing. It has a membership model that drives recurring revenue; Very stable margins and predictable cash flow. It’s a business in times when inflation is at 8%, more consumers are looking for ways to save money. And Costco is a great way to do that at better prices than most other retailers in the US, it’s a company that also has several growth drivers (such as) a potential membership fee increase.

What does it matter: It’s been a really strong year this year. So this year’s winding may be a little tricky hurdle next year. But it is nonetheless something that I think Costco will be able to achieve.

Rating / Target Price: Buy / $610

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Final thoughts: It’s a business that’s really well-positioned in the current environment. We do not know what to expect from a macroeconomic point of view in the future. But it’s a business that, like I said, performs admirably in the good times, and even in the bad. It’s a stock you want to own today.

More Yahoo Finance coverage for 2022:

Dylan Kroll is a reporter and researcher for Yahoo Finance. Follow him on Twitter at @tweet.

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TherapeuticsMD enters into product licensing agreements for Mayne Pharma

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The Minister of the Interior welcomes the report calling for the suppression of asylum seekers

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Soella Braverman, Britain’s Home Secretary, has welcomed a report calling for a massive crackdown on asylum seekers who come to Britain using illegal methods, including placing them in indefinite detention.

Braverman is under increasing pressure from Tory MPs to control migration across the Channels in small boats, with 44,000 people arriving in Britain using the route already this year.

On Monday, a centre-right think tank will publish a report saying that “if necessary” Britain should change its human rights laws and withdraw from the European Convention on Human Rights in order to tackle the problem.

Refugee groups said the proposals, if implemented, would be a major breach of Britain’s international obligations and tarnish its reputation as a haven for desperate people seeking refuge.

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The Center for Policy Studies report, co-written by Nick Timothy, Theresa May’s former chief of staff as prime minister, calls for new laws that would make it impossible to seek asylum in Britain after traveling from a safe country, such as France.

It also calls for a ban on immigrants entering the country using illegal routes from settling in Britain, and for the “expedited transfer abroad” of such immigrants to Rwanda or other third countries willing to take them.

Timothy and co-author Carl Williams say Britain may have to leave the European Court of Human Rights to allow detention and transfers abroad. They also want to fix May Modern slavery lawthe main legislative tool in the UK to deal with abuses in supply chains, to avoid its alleged misuse.

They argue that all future grants of asylum should only take place through formal resettlement routes and no more than 20,000 people per year.

The issue of small boat immigration became a major political problem for the Conservative government, particularly in the working class seats in the North and Midlands.

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Braverman said she did not agree with “everything” in the report but said she welcomed it as “a vital and necessary contribution to the policy discussion about what can be done to address crossings.”

In the introduction to the report, she said: “There is a range of policy options. With clear thinking, political will and determination, we can defeat the smuggling gangs, and against those who abuse our system, and we will comprehensively address the problem of small boats.”

Tory MPs are tired of the tough talk of home ministers and want action from the government to tackle the surge in migrant crossings. Braverman’s allies have refused to say which parts of the CPS report they support.

They were also described as “wrong”. a report The Sunday Times reported that ministers were drafting laws to prevent illegal asylum-seekers from settling in Britain.

For his part, Robert Jenrick, the Immigration Minister, said it was “very difficult” to see how Albanians, who are currently The largest number of small boat crossingsthey must be able to successfully claim asylum when they come from a ‘clearly’ safe country.

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Inver Solomon, chief executive of Refugee Council, a UK charity, said of the CPS report: “The policies outlined in this report will lead to the UK withdrawing from the Refugee Convention, which we signed up to just over 70 years ago.”

Yvette Cooper, the shadow home secretary, said the government’s asylum policy was “a mess” and based on “a headline-hunting”.

“They have to adopt the Labor plan including a specialized unit in the National Crime Agency to go after the criminal gangs that lead this, and take immediate action to end the backlog and chaos from the asylum system,” she said.

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