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Gombe, Nigeria – On a weekday morning in Pantami District, Gombe, the streets fill with the familiar rush of motorcycles carrying students, workers and traders across the city. But increasingly, some pass almost silently – a subtle sign of a transport shift driven not by climate policy, but by Nigeria’s soaring fuel prices.

One pedestrian did not realise a motorcycle was behind him until the rider sounded its horn. Unlike the petrol-powered bikes that dominate Nigerian roads, the electric motorcycle moved almost noiselessly and produced no exhaust fumes.

Electric motorcycles are gradually appearing across Gombe as riders seek relief from rising fuel costs following President Bola Tinubu’s removal of Nigeria’s fuel subsidy in May 2023, forcing many to rethink how they travel and earn a living.

The bikes, which typically cost about 1 million naira (about $735), remain out of reach for many households. But those who have made the switch say the savings on fuel and maintenance are significant.

Subsidy shock

Tinubu announced the end of Nigeria’s longstanding petrol subsidy during his inauguration on May 29, 2023, triggering a sharp increase in fuel prices across the country.

In Gombe, petrol now sells for about 1,365 naira ($1) per litre (0.26 gallons), compared with roughly 200 naira (15 cents) before the subsidy was removed. The increase has driven up transport costs and squeezed household budgets across Nigeria.

The economic pressure has coincided with growing concern about the environmental impact of the country’s ageing fleet of petrol-powered motorcycles and vehicles. According to the World Bank, road transport is a major contributor to air pollution in Nigerian cities, with vehicle emissions adding significantly to levels of harmful particulate matter.

A cheaper ride

For Ayuba Abubakar, a farmer and resident of Gombe, the switch to an electric motorcycle was prompted by a friend’s visit earlier this year.

After buying the bike, he rode from Gombe to Kumo and back and was surprised by how little battery power the journey consumed.

“I usually spend the day moving around Gombe without charging,” Ayuba told Al Jazeera. “When I travel to remote areas, I charge it.”

Ayuba said he has been using the bike for about three months and has so far avoided the mechanical problems that often come with petrol-powered motorcycles.

“My charger once burned out because I didn’t use a stabiliser,” he said. “Apart from that, I’ve had no major maintenance costs.”

He estimates that the bike has saved him about 5,000 naira ($3.7) a week in fuel expenses.

“Even with those savings, the price needs to come down for most Nigerians to afford it,” he added.

Ahmed Aminu, another rider in Gombe, told Al Jazeera that he no longer spends money on engine oil, while Yakubu Sule, who also owns an electric motorcycle, told Al Jazeera that he chose it largely because of its quiet operation.

Power constraints

Despite the enthusiasm of early adopters, unreliable electricity remains one of the biggest obstacles to wider use of electric motorcycles.

Nigeria’s electricity supply is notoriously inconsistent, and many households receive only a few hours of power each day. The challenge has become more pronounced under Nigeria’s service-based tariff system, which classifies customers into bands according to the amount of electricity they receive.

For Muhammad Abubakar, chief executive officer of Sustenaa, a clean-energy company, the problem is fundamental.

“If we end up charging these bikes with generators, then what’s the point?” Abubakar told Al Jazeera. “We will just be moving the emissions from the exhaust pipe to the generator pipe, and we are back to square one.”

He argues that solar-powered battery-swap stations are a more realistic solution than relying on riders to charge their motorcycles at home.

Abubakar also warned that Nigeria must plan for battery recycling as electric mobility expands. He called on the government to reduce import duties on electric-bike components, support battery-swap operators, establish recycling standards and integrate electric mobility into existing solar mini-grid projects.

For now, electric motorcycles remain a niche option in Gombe. But as fuel prices remain high and battery-swap infrastructure slowly expands, the quiet motorcycles appearing on the city’s streets may offer a glimpse of how economic pressure is beginning to reshape transport across Nigeria.

“When you look at how many bikes are pumping out smoke daily across Lagos, Kano and Port Harcourt, air pollution levels are alarming,” he said. “Even if we start with a fraction of the commercial bike fleets, the improvement in air quality could become visible relatively quickly.”

For all their vaunted power, superheroes are at the mercy of the people who write them, draw them, play them on the screen, and by extension the producers and executives who decide what should go where and for how much. Sort of powerless, really.

Sometimes this combination of forces works out well for the hero, and sometimes not so much. The Green Lantern, a secondary figure in the DC Comics pantheon, had the ill luck to be trapped in a 2011 Ryan Reynolds film even its director didn’t like. Fifteen years later, he has had the very good fortune to be played by Kyle Chandler, and additionally to star in a television series — “Lanterns,” premiering Sunday on HBO — rather than a theatrical feature, with its investment in noisy set pieces and earth-shaking battles royale.

I’ve often championed the supposedly humbler medium as the best place to tell these stories, with the time to investigate character, in all its shadings and ambiguities, and a haven for concepts too quirky or niche or … conceptual for conservative big-budget theatrical IP exploitation. And here again, I have been proved right.

Creators Damon Lindelof (“Lost,” “Watchmen” and, best of all, “Mrs. Davis”), comic book writer Tom King and Chris Mundy, who wrote for “Criminal Minds,” “Ozark” and “Bloodline” (in which Chandler starred), have expressly looked to television for inspiration — specifically to “True Detective” (on which Mundy worked), with its uncomfortable partnerships, and “Slow Horses” (for its disreputable hero, I guess), with “Slow Horses” director James Hawes helming the first two episodes. (I detect a hint of “Fargo” as well, for its Midwestern plainscape, dark comedy and bigger-than-life yet somehow ordinary characters.)

“I’m a regular person, like you,” Hal Jordan (Chandler) says in a 1996 TV interview that opens the series; indeed, he’s only super powerful by reason of the gear that comes with the job, a human “beat cop” working as part of the Green Lantern Corps, an extraterrestrial galactic peacekeeping organization — the special ring and the lantern-shaped gizmo that charges it. It gives him the ability to fly and to manifest objects at will, most often a protective green bubble, but also a bottle opener and a $10 bill. (There’s a uniform, but for the most part, he leaves it in the closet.)

Watching that interview is young John Stewart (then a Lantern-obsessed child). We’ll meet him again in 2016, played by Aaron Pierre (“The Underground Railroad”), when most of the action takes place, as a former Marine sniper and art student — human talents that will prove useful — assigned to Hal as a “trainee,” ostensibly to provide backup if something happens to him. Hal, after two seemingly successful decades in the job, is unused to the company and suspicious of the arrangement. (“The big blue bosses may think you’re hot s— but you’re just a f—ing substitute teacher.”) He sets John tests that might kill him, if he is not actually trying to kill him. But he’s also the more genial of the two.

Through an agent whose identity the producers are counting as a spoiler — I’m sure I don’t know why — Hal receives a message that there’s hail in Rushville, Neb. (i.e., aliens!), at which point he jets off from the taco stand where he’s happily been signing autographs and posing for selfies, leaving John to fly there on his own, in the usual way, while the Stooges’ “No Fun” plays on the soundtrack.

They arrive, separately, in the aftermath of a high school football game that has left dead bodies on the field. (Hal suspects some sort of alien rumble.) Here we meet Kelly Macdonald, suppressing her Scottish accent as tough but tender Sheriff Kerry, asserting her jurisdictional rights. Hal finds her “something incredible.” (John: “I think she hates your guts.” Hal: “Yeah, but it’s the way she hates them.”) Kerry is married to lawyer Billy Macon (Jason Ritter), whose father, William (Garret Dillahunt), is a local bigwig, with a cowboy militia and a wife, Zoe (Poorna Jagannathan), who possibly not coincidentally meets John in a bar.

At 60, Chandler is arguably more attractive than ever, with the sort of seasoning that served James Garner so well as Jim Rockford, TV’s greatest detective. Five seasons of “Friday Night Lights” have cemented him in the popular consciousness as a preternaturally decent guy, which allows us to excuse Hal’s less creditable moments, or at least to see things through his eyes. Pierre, 32, who competes in Brazilian jiu-jitsu, has the body of a superhero; he plays John wound tight, humorless, grimly ambitious — he grew up letting his father shoot apples off his head to prove his fearlessness, the primary requirement for a Green Lantern — though the character warms up across the course of the season (which also takes place in 2026). The actors are at their best in their scenes together, which the writers make happen even when it seems impossible. (Spoilers, or I’d explain.)

Combining detective work and science fiction is nothing new — see “Sugar,” currently; “The X-Files,” classically. (And there’s an interrogation scene I’m pretty sure nods knowingly to “Blade Runner.”) “Lanterns” isn’t totally free of cliches, which is practically impossible for sci-fi and crime stories anyway, so many have been told over the years, and to some degree that’s just what we come for. But the series is fresh enough in its details and execution, and strong enough in its writing, and so well performed, that it feels quite original.

I watched “Lanterns” without any particular knowledge of the character, who has been around since 1940, and in this particular version since 1959. (I did a little reading afterward.) Happily, the show is not up to its cowl in DC cross-references and crossovers. There are fleeting mentions of Gotham and Metropolis (where Superman works) and Nathan Fillion reprises his bad-hair Green Lantern from the 2025 “Superman” movie (a long story), but “Lanterns” comes equipped with everything you need to know. Bringing in extra mythology wouldn’t make the confusing parts any less confusing, and would just confuse the parts that aren’t confusing at all. Most every character, whichever side they’re on — and it’s not always easy to tell, given that the aliens look exactly like the humans — comes with layers.

Did I ever fully understand what these factions were after, or even what exactly the factions were? Nope. Did it matter? Nope.

United States President Donald Trump has lambasted the nation’s biggest oil and gas giants as Houston, Texas-based Chevron reported record earnings while consumers struggle with soaring petrol prices.

“I don’t like it,” Trump told reporters on Monday in reference to the blockbuster second-quarter earnings, as his war on Iran has kept oil prices high for months.

“Chevron, too much money. ExxonMobil, too much. Too much money.”

Trump’s comments came on the heels of an interview Chevron CEO Mike Wirth gave on the Fox News programme Sunday Morning Futures with Maria Bartiromo. Writing on his Truth Social platform, the US president berated Wirth for not crediting his administration’s efforts to help the oil industry.

“The only thing he [Wirth] conveniently forgot to mention is that, without the genius, foresight, strength, and stability of the TRUMP Administration, the Oil Industry, and our Country itself, would be DEAD!”

Chevron reported its highest quarterly profits in six years on Friday. Adjusted earnings per share came to $6.06, or $12bn, as tensions between the US and Iran strained global oil supply chains in the strategically vital Strait of Hormuz, where roughly one-fifth of the world’s energy supply travelled through before the war, sending prices soaring.

Chevron rewarded its employees. Wirth praised them for their work and said in an email that most workers would receive a bonus equivalent to half their monthly base pay, the Reuters news agency reported, citing an internal email.

Al Jazeera has not been able to independently confirm Reuters’ reporting.

Chevron’s strong earnings come as the company is less reliant on Middle Eastern production operations than its competitors, allowing it to reap the benefits of higher global oil prices during the quarter. Brent crude, the global benchmark for oil prices, was 23 percent higher than in the first three months of the year.

“Being less dependent on the Strait of Hormuz is definitely helping them. It’s also the refining they’re able to do here. The fact that Chevron has less than 5 percent exposure there gives it some protection,” Bill Drolet, executive director, mergers & acquisitions at The Post Oak Group investment bank, told Al Jazeera.

“More than 70 percent of Chevron’s production is concentrated in America, and that’s where it’s making its biggest margins right now.”

Chevron also benefitted from the president’s move to open up oil production in Venezuela after US special forces abducted the country’s president, Nicolas Maduro, in January. Chevron had stayed on in the South American nation even after former President Hugo Chavez nationalised oil production.

Chevron did not respond to Al Jazeera’s request for comment.

Competitors also performed well. ExxonMobil on Friday posted its best quarterly profits in four years, but they fell short of analysts’ expectations. Earnings raked in $9.2bn.

Exxon did not respond to a request for comment.

On Thursday, Valero Energy reported its highest ever second-quarter profit, with net income coming in at $3.7bn as US refiners reap the benefits of tensions choking oil production across the Middle East.

But those benefits have not reached consumers, who are feeling the strain at the petrol pump. Petrol prices are above $4 a gallon (3.78 litres) across the US. The average price for a gallon of petrol is $4.09, down from $4.11 this time last week, but up from $3.82 a month ago, according to the American Automobile Association (AAA), which tracks daily petrol prices.

By comparison, when the US and Israel first struck Iran in late February, the average price was $2.98.

An analysis from Bank of America published in April showed consumers spending as much as 4.2 percent of their income on petrol in March, up from 3.9 percent in 2019. Lower-income earners are hit much harder, with more than 10 percent of households spending more than 10 percent of their monthly income on petrol.

This comes as pressure on the US Strategic Petroleum Reserve continues. The reserves hit their lowest level since 1983 this week, according to the Department of Energy. They fell by 2.8 million barrels over the week to 304.8 million barrels.

Political pushback

The condemnation of the oil industry has come from across the political spectrum.

“A decent industry would say, ‘this was money we didn’t earn, it’s a windfall we get from our cartel pricing scheme.’ Not these corrupt, greedy and grasping rogues,” Democratic Senator Sheldon Whitehouse of Rhode Island wrote in a post on X on Sunday.

But lowering prices might not be as easy. Beyond pressure from consumers, companies across the corporate United States are beholden to a concept called shareholder supremacy. This means that while lowering prices might be in the best interest of pinched consumers, it may not be possible given the legal framework and companies’ fiduciary responsibility to shareholders.

“They’ve [oil companies] got shareholders they’re responsible for. They could reduce share buybacks or dividend payouts, but right now, I don’t see oil companies doing much,” Post Oak Group’s Drolet said.

He said if he were advising a member of Congress or the president, providing relief to consumers might be easiest by suspending the so-called gas tax, which varies by state. In Texas, for example, the gas tax accounts for 20 cents per gallon, while in California, it is 63 cents per gallon.

“From a political standpoint, the best thing our government can do is suspend gas taxes, especially in California. If they put a temporary hold on taxes, that would help everybody get through this challenging time.”

Al Jazeera asked the White House if that policy is on the table, but the press office did not respond.

Heading into the US midterm elections, cost of living remains among the highest concerns for consumers. In a Washington Post/Ipsos poll last month, 54 percent of respondents said that high prices and the economy were a chief concern heading into November.

“They see the price of fuel and net profit for Exxon and Chevron and feel that they are abusing US consumers, especially as US consumers have access to the correct fuel, whereas other areas around the world have shortages [such as Germany, Philippines],” Babak Hafezi, professor of international business at American University, told Al Jazeera.

“The reality is that as the war [On Iran] progresses, the impacts of the lack of supply will create full price and supply shocks.”

Amid Trump’s comments, Chevron’s stock is on the downturn in midday trading, tumbling more than 2 percent from the market open. However, it is up more than 1.1 percent over the last five days.

ExxonMobil is down 0.5 percent for the day and 0.1 percent over the last five days.

Taiz, Yemen – Fuad Mohammed has been working as a construction labourer for more than 25 years. The 46-year-old has seen things get progressively worse in Yemen’s construction industry since the war in the country started more than a decade ago, and then further deteriorate after the US-Israel war on Iran began in late February, with its devastating economic impact on the wider region.

“We can barely eke out a living for our families,” Fuad told Al Jazeera.

The ongoing regional war has damaged economies across the Middle East, with government-controlled areas of Yemen bearing a heavy burden as commodity prices soar. Among the hardest-hit sectors is fuel: in January, 20 litres (5.3 gallons) of diesel cost 25,000 Yemeni riyals ($17), but today that price has skyrocketed to 45,000 riyals ($30). That massive spike has triggered a domino effect, driving up the costs of all goods and services dependent on fuel and transportation – including construction.

As a result, countless construction projects across those areas – in Yemen’s east and southwest – have ground to a halt.

Pausing construction

Fuad explained that, before the US-Israel-Iran war, he was able to find work for around two weeks every month. But this year, he has now gone several months with barely any work.

“The price hikes in building materials have frustrated both homeowners and construction labourers,” Fuad said. “Those who want to build find that their budgets are no longer enough, and we are left with no work.”

Fuad recalled that he briefly found work in May for a woman who had saved money to build a home for her family. However, when a fresh wave of price increases hit the market, she paused construction to wait for prices to drop.

“I also work with construction contractors, but most of them have paused their projects at the request of homeowners,” he added. “When I call them, they tell me they are waiting for regional conditions to improve.”

As an example of the rising costs, the price of a truckload of sand increased from 130,000 Yemeni riyals ($87) to 190,000 riyals ($127), while the average cost of one metre of window glass rose from 90,000 riyals ($60) to 130,000 riyals ($87).

Fuad’s situation at home is desperate. Relying entirely on daily wages but having no work, he can not provide basic essentials for his family. He has considered finding another job, but he lacks professional experience in other fields.

In a desperate attempt to find work, he has lowered his daily wage from 25,000 Yemeni riyals ($17) to 20,000 riyals ($13).

“My situation is getting worse every day,” he said.

Economic division

An official from the Yemen Petroleum Company in Aden told the Reuters news agency in May that the increase in the price of diesel was caused by the worsening supply crisis and rising global fuel prices, driven by regional tensions and the closure of the Strait of Hormuz, alongside increased transportation and marine insurance costs. The official noted that the measure was temporary and would remain in place until the end of the crisis and conditions returned to normal.

Wafeeq Saleh, executive director of the Taiz Center for Yemeni-Gulf Studies, explained that the Yemeni economy was particularly susceptible to external economic shocks.

“Any disruptions in global commodity markets directly affect the local market because [Yemen] imports nearly 90 percent of its needs,” Saleh told Al Jazeera. “Consequently, the local rise in commodity and fuel prices is a natural outcome of surging global prices, shipping tensions in the Strait of Hormuz, as well as increased maritime insurance and freight fees.”

In areas controlled by Yemen’s Houthi rebels, however, including the capital Sanaa, there has not yet been a sharp increase in fuel prices, and therefore no impact on the construction industry – yet.

Yemen’s war has entrenched two separate economic structures in the country, with the central bank bifurcated between Aden and Sanaa, and two different exchange rates operating for the Yemeni riyal.

The Houthi group is already facing popular anger over a weak economy, as it grows increasingly isolated regionally and internationally. The group has so far avoided an increase in the price of fuel, with 20 litres (5.3 gallons) of diesel costing 9,500 Yemeni riyals, which at the exchange rate set in Sanaa is the equivalent of roughly $18.

“[The Houthis] may have sufficient inventory from previous months, which is why the local market hasn’t been affected,” Saleh said. “However, the impact will appear in the coming period when imports are made at the new price.”

The actions of the pro-Iranian Houthis themselves have contributed to the increase in global oil prices. Having sat out the Iran war for its first few months, the Houthis recently began attacks against Saudi ships passing through the Red Sea, after the Yemeni government and the Saudi-led coalition that backs it refused to allow a plane from Iran to land in Sanaa. The Houthi attacks mean that the transportation of oil from the Gulf is now disrupted in both the Strait of Hormuz and the Red Sea, and has contributed to oil prices going past $100 a barrel for the first time since May.

Will prices come down?

Lutf Zuraiqi, 58, had saved some money to build a home, but the dramatic increase in the cost of building materials forced him to pause the project until “things get better”.

“Price increases aren’t new in Yemen, but I believe this current surge is regional. I believe as soon as the regional war ends, building materials will return to their old prices,” Zuraiqi told Al Jazeera.

Zuraiqi has been following news of the Iran war on a daily basis because its end would mean lower material costs for him and the chance to resume building his planned home.

“The government promised that prices will go back down after the [US-Iran] war ends,” he said. “So this time I’m choosing to believe them and hope I will manage to finish my home.”

Mohammed Jameel, on the other hand, hasn’t been following the news – but the building contractor has been tracking prices of building materials instead. The 59-year-old believes that, based on his experience, once the price of the materials goes up, they never come down.

“I have worked in construction for more than four decades now, and throughout this entire period, building material prices have consistently risen,” Jameel said. “We have never witnessed a price drop. So, I advise those who have paused their construction to resume, as today is always better than tomorrow.”

Jameel said that he has been forced to reduce his rates and cut profit margins on major contracts to keep some work.

“My experience tells me it is normal for owners of homes and projects to pause work until they adapt to the new prices,” he added. “But eventually, construction labourers’ wages will rise, and the total cost of building will increase.”

Jameel feels for the plight of construction labourers, but he views this as a temporary phase and believes the suffering will ease once work picks up again. “We are all in the same boat, not just the daily wage labourers,” he said. “But we hope things will get better.”

Published on
27/07/2026 – 9:03 GMT+2

CXMT’s shares surged 472% in their market debut and were trading up 462% by early afternoon in Asia, making it the most valuable company listed on a mainland Chinese exchange, with a market capitalisation of about 3.3 trillion yuan (approximately €415 billion). Even so, its market capitalisation remains below that of South Korean and US memory chipmakers Samsung Electronics, SK Hynix and Micron Technology.

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CXMT is among a growing number of chipmakers that have benefited enormously from the artificial intelligence boom. The company has also prospered as China pushes for greater self-sufficiency in advanced technologies while grappling with restricted access to cutting-edge chipmaking equipment under US-led export controls.

The company raised at least $8.6 billion (approximately €7.3 billion) in the offering, which was priced at 8.66 yuan (about €1.10) a share, in its listing on the Shanghai Stock Exchange’s Nasdaq-like STAR Market, also known as the Science and Technology Innovation Board.

It was mainland China’s second-largest initial public offering after Agricultural Bank of China’s 2010 dual listing in Shanghai and Hong Kong, which raised $22.1 billion (approximately €18.8 billion).

Founded in 2016 in the eastern city of Hefei, CXMT is one of the world’s largest makers of DRAM, or “dynamic random access” memory chips, a kind of semiconductor used in everything from AI servers to autos and consumer electronics like smartphones and personal computers.

“CXMT plays a critical role in China’s AI push, particularly in the face of US export controls,” Kyle Chan, a fellow at the Brookings Institution and an expert in China’s technology policies, said. US restrictions have also barred China from importing powerful HBM, or high-bandwidth memory chips – a type of DRAM chip.

The company’s revenue surged to 50.8 billion yuan (approximately €6.4 billion) in the first three months of 2026, up more than 700% year on year as booming demand driven by the rapid adoption of artificial intelligence fuelled growth.

Soaring use of AI has led to a global memory chip shortage, driving up prices for some computers and smartphones. One big question, Chan said, is whether CXMT could help with the broader shortage.

CXMT is seen as China’s best shot at developing its own cutting-edge HBM chips to power Chinese AI models, Chan said. But it also faces many challenges, including supply chain bottlenecks in scaling up manufacturing capacity, since its access to the world’s most best chipmaking tools is highly restricted, forcing it to depend on Chinese equipment makers.

According to Counterpoint Research, a technology research firm, CXMT was the world’s fourth biggest DRAM memory chipmaker in 2025 by shipments, taking up roughly 8% of the global market. Samsung Electronics accounted for 36%, SK Hynix 29% and Micron about 24%.

In the first three months of this year CXMT accounted for approximately 9% of global shipments. By 2028, its market share is forecast by Counterpoint Research to reach about 11%. But the research firm estimated CXMT will likely need at least a 15% global market share to be competitive in the long term.

“Trade restrictions on tools are remaining as the key challenge for CXMT,” MS Hwang, a research director at Counterpoint who specialises in memory semiconductors, said. Some US lawmakers have also recently called for President Donald Trump’s administration to block American companies from buying CXMT’s memory chips over national and economic security concerns.

CXMT, among many other Chinese companies, has been designated by the Pentagon as having links to the Chinese military. Beijing has rejected such designations in most cases.

CXMT’s public share offering followed South Korean chipmaker SK Hynix’s $26.5 billion (approximately €22.5 billion) Nasdaq listing earlier this month.

Additional sources • AP

Ukraine replaced its top military and political defence personnel in the past week even as its armed forces arguably achieved their best performance in three years.

Defence Minister Mykhailo Fedorov’s ouster on July 15 was followed six days later by the replacement of Commander-in-Chief Oleksandr Syrskii. Both men were followed out the door by some of their most capable lieutenants.

Ukraine seemed to have found a winning formula, making 2026 Russia’s worst year of the war for manpower losses, territory and economic performance at home.

Some 193,500 Russian troops have been killed or seriously wounded so far this year, said Ukraine’s Ministry of Defence – averaging losses of 32,000 a month for the first time, according to Syrskii – and Ukraine’s Foreign Intelligence Service estimates Moscow is unable to reach recruitment targets.

This pain has produced a net gain of just 81.1sq km for Russia, according to the Institute for the Study of War, a Washington-based think tank that assesses territorial movements using geolocated open sources, and the trend of gains to losses is improving in Ukraine’s favour.

If June was a disastrous month for the Russian operation, netting it just 30sq km, July has so far been worse, with Russian forces making net losses of 1.6sq km a day, according to the ISW.

Meanwhile, Russia’s war economy, which boomed in 2022-24, has seen growth this year flatten at just 0.2 percent, Russian President Vladimir Putin admitted.

Ukraine has replaced defence ministers and commanders-in-chief before, but this was the first simultaneous shake-up of the war and seems to have come amid an internal debate about strategy.

On the day after Fedorov’s ouster, which produced street protests against the move, Syrskii spoke of “an effective strategy that is currently demonstrating concrete results”.

A day after his own sacking, Syrskii wrote a column on the Militarnyi news website saying, “The Minister should not … be a war strategist. This is not his task and not his responsibility.”

“War strategy, planning of operations, the situation on the front — by law, I am responsible to the Supreme Commander-in-Chief,” he said.

The nub of disagreement seems to have been unmanned warfare.

Syrskii created the world’s first Unmanned Systems Forces, the SBS, and fought the world’s first war in which First Person View (FPV) drones caused an estimated 95 percent of enemy casualties.

Ukraine’s middle and long-distance drones have devastated Russian logistics and oil supply, slackening the force it can deliver to the front.

Fedorov pressed hard in this direction during his six months on the job, buying more drones in four months than the Defence Ministry had bought in all of 2025, and even spending soldiers’ payroll money to swell orders.

Syrskii disagreed. “Against us is an enemy that is superior in everything, who fights, in particular, with artillery, aviation, and infantry. I cannot transfer a million-strong army ‘to drones’ in two months and say: now we are fighting like this,” he wrote on Militarnyi.

Ukrainian President Volodymyr Zelenskyy, who recently told The Financial Times that “the sky will be decisive in this war,” said on July 20 he was “continuing to determine what adjustments should be made to Ukraine’s defence strategy and what priorities in production and supply to the military must be implemented as quickly as possible”.

What is Ukraine doing that is working?

Ukraine developed the use of short-range drones on the battlefield to reduce its own exposure and lower casualties. That strategy has yielded results, effectively halting Russia’s advance this year.

Syrskii said Ukraine gained more territory than it lost in May, the month in which it began to strike Russian logistics using the overland route from Russia into its southern regions of Zaporizhia and Kherson.

By the end of May, Ukraine was also disrupting logistics in the eastern regions of Luhansk and Donetsk, forcing Russia to float fuel and materiel across the Sea of Azov to Crimea. Ukraine then targeted those ships.

Since June 6, Ukraine’s commander of the Unmanned Systems Forces Robert Brovdi said, Ukraine had disabled 196 fuel tankers and destroyed three-quarters of Russia’s ferry capacity across the Kerch Strait, the closest crossing from Russia’s Krasnodar Krai to Crimea.

As an added benefit, Brovdi said, Russia had been forced to redeploy 200 units of its own unmanned forces command, called Rubicon, to protect an equal number of ships, weakening its frontline.

“That’s how many vessels will be destroyed by SBS “Birds” in the Black and Azov Seas during the remainder of July and the first half of August – it’s a matter of honor,” he wrote on his Telegram messaging channel.

The SBS has also struck 117 electrical substations and power stations this month, Brovdi said, most of them in Crimea, plunging much of the peninsula into darkness.

Apart from hampering the armed forces and the economy, that has been a drain on Moscow, which was earmarking five billion rubles ($64mn) in compensation for darkened homes and furloughed employees, in addition to measures announced the week before.

Ukrainian Navy spokesman Dmytro Pletenchuk said Russian shipping had been paralysed in the Sea of Azov, and that the Kerch Bridge was being allowed to stand “so that the Russians can leave the Ukrainian Crimea,” because “it will reduce our losses during possible future actions directly in Crimea.”

Ukraine’s long-range strikes this week destroyed a Tupolev-95 strategic bomber at the Engels airfield 800km from Ukraine, and a MiG-29 fighter plane at the Khalino airfield in Kursk, in addition to numerous air defence radars and launchers.

Ukraine also struck the Slavneft-Yanos refinery in Yaroslavl, which it described as the largest “in the central part of the country”.

In a shift from its usual military and energy targets, Ukraine struck four warehouses of the Wildberries online retail group, which it suspects Russian recruits use to order much of their protective gear and weapons.

Russia has retaliated this month by targeting Ukraine’s port infrastructure on the Black Sea, to prevent it from exporting the grain harvest.

Container shipper Maersk said on July 22 it was diverting container traffic originally intended to be offloaded at Odesa or Chornomorsk to Romania’s Constanta. This also meant that Ukrainian outbound container traffic waiting in Chornomorsk could not be loaded unless moved to Constanta.

Ukraine has retaliated in turn, claiming to have bottled up Russia’s grain exports coming down the Don river to the Sea of Azov, via which Russia exports 30 percent of its grain.

Russia is also retaliating by increasing the number of ballistic missiles in its nightly strikes on Ukraine’s cities.

Since June 26, Russia has included missiles in almost every strike, contrary to past practice, when it held back its missiles for one massive combined missile and drone strike a week.

Ukraine says it has learned how to intercept 95 percent of drones and 87 percent of cruise missiles, but fewer than half of Russia’s ballistics.

“You hope that ballistics will do for you what everything else has failed to do,” Zelenskyy wrote to Putin in June.

An analysis by Militarnyi suggested Russia was dipping into its missile reserves to achieve this, using more than its monthly production capacity in the first two weeks of July.

A giant mountain swing is sending visitors soaring more than 2,000 metres above the Swiss Alps as ski resorts look for new ways to attract visitors beyond the winter season

Thrill-seekers can now soar over the Swiss Alps on a giant mountain swing that launches riders over the edge of a cliff.

Visitors to the Villars ski resort can now brave the BalancAIR swing, a 12-metre-high attraction perched 2,110 metres above sea level that sends up to three people at a time soaring out above a dramatic Alpine drop. Riders are strapped into saddle-style seats fixed to a structure resembling an Alpine Ibex before being hauled backwards to a 90-degree angle and released high above the valley below.

Alexandra Henchoz, 37, admitted she was nervous before testing the attraction with her husband and 10-year-old daughter. She said she: “I had a bit of a pit in [her] stomach” before she was strapped in to the harness.

“But once it is happening, it is just incredible. You feel like a bird flying,” Alexandra added.

The swing, which opened earlier this month, forms part of the resort’s efforts to attract more visitors outside the traditional ski season as Alpine destinations adapt to the effects of climate change. Martin Deburaux, head of the Villars-Gryons-Diableret ski area, said: “We are really trying to diversify our offering.”

The 12-metre swing “provides us with a source of attraction that can function independently of snow conditions”, he said. Although the resort has enjoyed record winter visitor numbers over the past two seasons, Martin said warmer conditions meant planning for the future was essential.

He added: “But we know we are facing climate change. We are looking for substitutes to conserve jobs, the dynamism and the tourist economy built up around our ski lift facilities.”

The resort currently welcomes more than 700,000 visitors during winter but around 100,000 over the summer, now busses hope the new attraction will help draw more visitors outside the ski season in a bid to boost off-season tourism.

Among those giving it a go was Marc Truffer, 70, who admitted the experience left him both frightened and amazed. He said: “It was so scary… I didn’t even scream.

“It took my breath away going down, but then the view was magnificent.”

The number of babies born in South Korea shot up 18 percent in April from a year earlier, reaching the highest level in seven years, government data showed Wednesday.

A total of 24,521 babies were born in April, up from 20,787 a year earlier, according to data from the Ministry of Data and Statistics. It marked the highest figure for any April since 26,104 babies were recorded in 2019.

Over the January-April period, the total number of births came to 99,534, also the highest in seven years, up a sharp 15.5 percent from a year earlier.

The number of births grew at a record rate for both April and the January-April period.

The country’s total fertility rate, the average number of children a woman is expected to have in her lifetime, rose by 0.13 from a year earlier to 0.93 in April.

The number of newborns has been on an upward trend since July 2024.

Experts attribute the recent growth to an increase in the number of marriages, along with a more positive perception of childbirth.

The rate still remains well below the 2.1 births per woman needed to maintain a stable population without immigration.

The number of marriages in April rose 9 percent from a year earlier to 20,622. It was also the highest figure since 22,844 was recorded in April 2016.

The number of divorces, meanwhile, rose 7.3 percent from a year earlier to 7,829.

The data showed the number of deaths fell 1.3 percent from a year earlier to 28,405, resulting in a natural population decline of 3,884.

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The value of Iran’s currency has risen by more than 15 percent against the US dollar, and its stock market has shattered records in the wake of the memorandum of understanding agreed between the United States and Iran on Sunday.

However, Iranians suffering for years from extremely high inflation and a plunging rial have found little economic relief as the prices of basic goods, such as food, remain high despite the diplomatic breakthrough.

The Iranian economy has suffered due to decades of US sanctions. The economic crisis was exacerbated after the US and Israel launched a war against Iran on February 28. As subsequent US naval blockade on Iranian ports further added to the misery of Iranians.

In Ferdowsi Street, the beating heart of Tehran’s foreign exchange market, the scene on Thursday was a stark departure from the panic of recent months. Exchange office boards flashed rapidly changing numbers as foreign currencies, led by the dollar, took a sharp dive.

“We closed our doors just hours before the official announcement of the US-Iran understanding at a rate of 1.8 million rials to the dollar,” Amir, a 35-year-old exchange office worker who asked to remain anonymous, told Al Jazeera. “Now it has fallen to 1.54 million rials, and we expect further declines.”

Amir noted a significant increase in sales volumes although buyers remained scarce as many anticipated the rial would strengthen further, potentially dropping to 1.4 million to the dollar or lower.

The recent gains mark a sharp turnaround. After the outbreak of the war, the exchange rate jumped to a historic peak of 1.9 million rials (190,000 tomans) to the dollar in March before settling at about 1.685 million just before recent attacks carried out despite a ceasefire.

A disconnect in the grocery aisles

Despite the rial’s recovery, a walk through Tehran’s grocery stores reveals a starkly different reality. For Iranians grappling with the economic fallout of crippling sanctions and the US naval blockade, the diplomatic thaw has yet to lower the cost of living.

Reza, a 42-year-old Tehran resident, told Al Jazeera that prices for daily staples like milk, cheese, cooking oil and flour remain unchanged. “They say the dollar dropped, but my shopping basket costs the same as last week,” he said. “This means the agreement hasn’t reached our pockets yet.”

From behind the cash register, 55-year-old shop owner Ramin echoed his customer’s frustration. He explained that while the government continues to distribute subsidised goods like bread, the fluctuations of the free-market dollar do not immediately impact basic food prices.

The value of the dollar on the free market varies from the official exchange rate.

Pointing to a shelf of imported goods, another shopkeeper named Karim noted that items like shampoo, toothpaste and laundry detergent are still locked at inflated prices.

“Distributors say they bought these goods two months ago at the old dollar rates,” Karim explained. “Prices will remain high until the old stock runs out and new goods enter at the lower exchange rates.” He estimated it would take at least two weeks for the market to adjust, meaning Iranians will continue to face compounding inflation in the interim.

Euphoria on the trading floor

While Main Street struggles, Tehran’s stock market is experiencing an unprecedented boom amid expectations of improved economic conditions. The trading floor has been awash in green since the initial leaks of the Washington-Tehran agreement emerged.

On Monday, the main index jumped by a record-breaking 161,000 points in a single session, marking the highest-ever influx of cash from individual investors.

By Tuesday, the market continued its staggering ascent, climbing another 112,000 points to cross the psychological barrier of 5 million, ultimately settling at a historic high of 5.1 million.

Saeed, a 40-year-old investor, called it a “historic day”. He noted that investors are rushing to buy shares in the energy and petrochemical sectors, betting heavily on the resumption of exports and the reopening of global markets.

However, Saeed remained cautiously optimistic. “The stock market is often driven by rumours,” he warned. “I don’t want to repeat the experience of the 2015 nuclear deal when the market soared and then collapsed after the US withdrawal.”

He was referring to US President Donald Trump’s 2018 withdrawal from the agreement, under which Iran agreed to restrictions on its nuclear programme in exchange for sanctions relief.

Stagnation in real estate and electronics

The wait-and-see approach in effect has paralysed other sectors of the economy. In central Tehran’s electronics hubs, 38-year-old shop owner Reza reported that while the prices of imported appliances have dropped in tandem with the dollar, sales have stalled because customers are holding out for steeper discounts.

A similar freeze has gripped the housing market. Nasrin, a 36-year-old real estate agent in northern Tehran, observed that a recent price surge that accompanied the initial truce has now given way to stagnation. Many property owners are clinging to inflated prices, seemingly unaware that the market dynamics have shifted, bringing property transactions to a virtual standstill.

‘Not a magic wand’

For macroeconomic experts, the mixed market signals are entirely expected. Hossein Selahvarzi, the former head of the Iran Chamber of Commerce, Industries, Mines and Agriculture, cautioned that the new agreement is “not a magic wand” capable of instantly fixing years of structural issues in the economy.

While the war severely damaged Iran’s infrastructure, Selahvarzi emphasised that the roots of the country’s economic malaise were firmly planted well before the bombing began.

“War is the enemy of investment, production, trade and public welfare,” Selahvarzi told Al Jazeera. He warned against the analytical mistake of believing that a peace memorandum alone would revive the economy.

“Ending the military confrontation does not necessarily mean the beginning of economic prosperity,” he said, stressing that restoring stability to the business environment remains the country’s most urgent priority.

“What we have before us is a limited and fragile opportunity to correct course and rebuild the economy, and this opportunity could be lost quickly if not managed correctly.”

ONE of Britain’s biggest holiday park operators is offering to cover the cost of customers’ fuel to get to their sites as prices continue to skyrocket.

With oil prices hitting their highest since 2022 due to ongoing tensions in the Middle East, petrol, diesel, and plane fuel costs are being passed on to consumers. 

As a result, Hoseasons is offering to pay back the money spent travelling to their sites via its newly launched ‘Fuel Cover’ scheme this summer.

It follows research which found 15.4 million Brits (28 per cent) have changed holiday plans this year due to rising costs. 

Nearly six in 10 of the 2,000 adults polled said the hidden costs of going away, including travel, fuel and expenses while there, are putting them off booking a trip this summer.

Simon Altham, chief operating officer for the brand, which commissioned the poll, said: “UK breaks remain a hugely popular option for families looking for flexibility, value and quality time together, giving people the chance to properly switch off and reconnect closer to home.

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“We know rising travel costs are becoming a bigger consideration for many holidaymakers this summer.

“Fuel, in particular, can quickly add to the overall cost of a trip, especially for families travelling during peak holiday periods.

“That’s why we wanted to help ease some of that pressure and support people continuing to take the UK breaks they were already planning this summer.”

The study also found, 7.6 million (27 per cent) of those planning a UK break admitted they would travel shorter distances for a UK getaway this year. 

Those travelling by car expect to spend an average of £68 on fuel for their next UK holiday journey.

Rising costs are also influencing where people travel, with 28 per cent now more likely to choose a UK break over going abroad.

Among those still looking to get away, 26 per cent have set a lower overall budget for their trip, while 23 per cent are looking for self-catering accommodation. 

A similar proportion (23 per cent) said they’re actively seeking cashback or money-saving deals before booking. 

Despite the financial pressures, the research carried out through OnePoll found 56 per cent of those planning to holiday this year are still likely to book a getaway this summer. 

And 61 per cent believe holiday companies need to do more to encourage people to book trips in the current climate. 

Hoseasons customers can claim back up to £75 in fuel costs through its new Fuel Cover initiative per booking between 20 May and 30 August for travel before 30 September. Bookings must be made by phone and quoting the code “FUEL75”.

Simon Altham from Hoseasons added: “Travel costs are one of the biggest considerations for holidaymakers at the moment.

“Fuel, in particular, can quickly become one of the biggest extra costs for families travelling during peak holiday periods.

“That’s why we’ve designed the offer to ease some of the pressure and help families make the most of their summer breaks.”

Temperatures will continue to soar across the bank holiday weekend following the hottest day of the year so far on Saturday.

Temperatures reached 30.5C at Frittenden in Kent, beating the previous day’s maximum temperature of 28.4C in London.

The Met Office said it was very rare for the UK to record temperatures above 30C in May, with the last time being on 25 May 2012.

The heat is forecast to intensify throughout the long weekend, reaching heatwave criteria in a number of locations.

Daytime highs are forecast to reach the upper 20s Celsius in many areas, with the low 30s Celsius likely in the week ahead.

Amber heat health alerts remain in effect for the Midlands, eastern and south-east England.

Amber alerts mean there is a risk of a significant impact across health and social care services, with children and those aged over 65 at risk of negative health implications.

The remainder of England is under yellow heat health alerts, meaning adverse weather is “likely to affect vulnerable groups”.