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After almost a year of treading carefully, Italian Premier Giorgia Meloni is unleashing her brand of hands-on capitalism

Oil headed for the biggest weekly gain since April as Russia signaled it would extend export curbs and

A look at the day ahead in European and global markets from Brigid Riley It's Friday - and the start

Russian president Vladimir Putin’s forces have been pushed back amid Ukraine’s counteroffensive, as deputy defence minister Hanna Maliar reported new “successes” in the south and east. “There have been some successes, in particular in the direction of Novodanylivka-Novoprokopivka,” Ms Maliar said on the Telegram messaging app, referring to two southeastern villages in the Zaporizhzhia region. Novoprokopivka lies further south of the strategic settlement of Robotyne, which Ukraine said on Monday it had liberated. Ms Maliar also said Kyiv’s forces were pressing on with their offensive operations south of the devastated eastern city of Bakhmut, which was captured by Russian troops in May. The battlefield update comes on the same day the UK’s Ministry of Defence said Putin faced the largest attack on Russia since the start of the war, after it was hit by five separate drone strikes overnight on 29 and 30 August. The MoD said explosions were recorded in Moscow, Bryansk, and Ryazan, as well as at Pskov airbase close to the Estonian border. The government added that since many of these drones reached their targets, it “likely means Russian air defence is having difficulty detecting and destroying them”. Read More Putin’s forces pushed back in southern Ukraine – as Zelensky claims new long-range weapon The ‘Vampire’ rocket system helping Ukraine shoot down Russia’s kamikaze drones Ukraine pilot films moment drone flies into Russian truck

Chinese President Xi Jinping is planning to skip next week’s Group of 20 summit in New Delhi, according

Japanese investors sued Mitsubishi UFJ Financial Group Inc.’s joint venture brokerage with Morgan Stanley, showing that the fallout

Stocks in Asia were set for a mixed start to September after a muted session on Wall Street

Ukraine's forces have pushed back Russian troops in areas of the country's south and east as Kyiv pushes on with its counteroffensive – with President Volodymyr Zelensky also claiming that his country has developed a new long-range weapon. The pronouncement by Mr Zelensky that the unnamed weapon reached a target of more than 400 miles (700 kilometres) away comes a day after a wave of drone strikes across six regions in Russian. Those strikes included an assault that caused a huge fire at a military air base in Pskov in northern Russia, damaging several giant military transport planes on the tarmac. That air base is roughly 400 miles from the Ukrainian border. Whether Mr Zelensky's remarks are part of the information war with Russia over Moscow's 18-month invasion – he did not give details on the new weapon other than the fact it was produced by Ukraine's Ministry of Strategic Industries but gave no other details – it is certainly the clearest suggestion that Kyiv was behind the attack. Ukraine has upped the number of drones attacks on Russian territory in recent weeks, but rarely officially claims them. Western allies of Kyiv are wary of such attacks, although Mr Zelensky has repeatedly said that his nation has the right to hit military targets. Russia reported overnight drone attacks in its Bryansk region on Thursday and said it had shot down a missile fired on occupied Crimea. On the ground in Ukraine, Kyiv's troops have secured some new “successes” in the south and east. Ukraine's foreign minister Dmytro Kuleba has said this week that recent gains on the southern front could enable open the door to the recapture of the annexed Crimean peninsula. He told critics of the pace of its three-month-old counteroffensive to "shut up" – the sharpest signal yet of Kyiv's frustration suggestions from some Western officials, quoted in US media reports, that Kyiv's troops are moving too slowly. "Criticising the slow pace of (the) counteroffensive equals ... spitting into the face of (the) Ukrainian soldier who sacrifices his life every day, moving forward and liberating one kilometre of Ukrainian soil after another," Mr Kuleba said. "I would recommend all critics to shut up, come to Ukraine and try to liberate one square centimetre by themselves," he said at a meeting of EU foreign ministers in Spain. After months of fighting their way through heavy minefields, Ukraine's forces have finally reached the main Russian defensive lines in the Zaporizhzhia region, where Robotyne is located, in recent days. If troops can find a way past anti-tank defences and other Russian traps, a further advance there would provide the first test of Russia's deeper defences, which Ukraine hopes will be more vulnerable and less heavily mined than the areas its troops have traversed so far. Elsewhere, the Foreign Office confirmed the death of a British man whose family said he was fighting in Ukraine. Samuel Newey, 22, was "killed in action" on Wednesday in eastern Ukraine, his brother, Daniel Newey, said in a social media post. Meanwhile, BAE Systems said it had established a local entity in Ukraine and signed deals with the Ukrainian government to help ramp up the supply of weapons, equipment and training to the country. Britain is a key defence supplier for Ukraine and BAE, as the UK's biggest defence contractor, has manufactured a significant amount of the hardware provided to Kyiv. The new agreements will facilitate BAE's future support by helping it better understand Ukraine's capability requirements, and they will also allow the company to work directly with Ukrainian partners with a plan to produce 105mm Light Guns there. Reuters contributed to this report Read More The Body in the Woods | An Independent TV Original Documentary The harrowing discovery at centre of The Independent’s new documentary Putin orders Wagner fighters to sign oath of allegiance after Prigozhin death What could a GOP presidency mean for Ukraine? The first debate gave us the answer Minister warns against jumping to conclusions over Wagner chief’s reported death

The video appears to have been filmed shortly before the Wagner chief died in a plane crash near Moscow.

Whale hunting is set to return in Iceland despite hopes the temporary ban would remain. Iceland‘s minister of food, agriculture and fisheries, Svandís Svavarsdóttir, announced on Thursday that this summer’s temporary ban on whaling would be lifted in a move international marine conservation organisation OceanCare has described as ‘disappointing’, A suspension on whaling was put in place by the Icelandic government in June, set to expire in August 2023, due to animal welfare concerns. It came after monitoring by Iceland’s Food and Veterinary Authority on the fin whale hunt found that the killing of the animals took too long based on the main objectives of the Animal Welfare Act. An investigation found that around 40% of hunted whales did not die instantly, with an average time to death of 11.5 minutes. Iceland’s Food and Veterinary Authority found that two whales had to be shot four times. One of the whales took almost an hour to die, while the other took almost two hours. In anticipation of the ban being lifted, two Icelandic whaling vessels left port yesterday to resume whale hunting, OceanCare said. The organisation said they are “gravely disappointed” that the ban has been lifted, and claimed the decision could mean that there will now “be a race to kill as many whales as possible in the remaining weeks of reasonable hunting weather” before whale hunting season ends in mid-September. “It is deplorable that this cruel practice has been allowed to resume,” said Nicolas Entrup, OceanCare’s director of International Relations. “We are bitterly disappointed by the decision which entirely goes against the clear facts that are available to the government and people of Iceland. We can almost be certain that the Icelandic whalers will not meet the imposed requirements. “This cruel, unnecessary and outdated practice needs to stop,” he said. Meanwhile, animal protection charity Humane Society International called Svavarsdóttir’s decision “devastating” and “inexplicable”. Ruud Tombrock, HSI’s executive director for Europe, said: “It is inexplicable that minister Svavarsdóttir has dismissed the unequivocal scientific evidence that she herself commissioned, demonstrating the brutality and cruelty of commercial whale killing. “There is simply no way to make harpooning whales at sea anything other than cruel and bloody, and no amount of modifications will change that. Whales already face myriad threats in the oceans from pollution, climate change, entanglement in fish nets and ship strikes, and fin whale victims of Iceland’s whaling fleet are considered globally vulnerable to extinction. “With the need for whale protection so critical. this is a devastating rejection of a once-in-a-generation opportunity to end the slaughter at sea. “There is a new shameful entry in the conservation history books―Iceland had a chance to do the right thing and it chose not to.” Iceland’s whaling season runs from mid-June to mid-September. Annual quotas authorise the killing of 209 fin whales, but none were killed between 2019-2021 due to a dwindling market for whale meat. Some 148 fin whales were killed in 2022 during whaling season. Iceland, Norway and Japan are the only countries in the world that have continued whale hunting in the face of fierce criticism from environmentalists and animal rights’ defenders. OceanCare said the lifting of the ban calls into question the announced phase-out of whaling over the next few years. A decision about Iceland’s self-allocated whaling quota for the next several years is expected towards the end of this year. In 2009, several countries including the UK, the US, Germany, France, Portugal and Spain condemned Iceland’s whaling policy. Japan, which is the biggest market for whale meat, resumed commercial whaling in 2019 after a three-decade hiatus. Read More Iceland suspends annual whale hunt due to ‘animal welfare concerns’ – and may never bring it back Humpback whale spotted off Cornwall coast in rare sighting Humpback whale found on beach died after entanglement in creel lines, tests show Italy's Meloni visits Naples suburb where 2 girls were allegedly raped by youths, pledges crackdown Putin’s forces pushed back by Ukraine counteroffensive after ‘largest’ drone strike Zelensky makes long-range weapon claim after strike deep inside Russia

Under heavy security, Italian Premier Giorgia Meloni on Thursday visited and pledged to improve safety at a Naples suburb where drug traffickers operate largely with impunity, organized crime wields influence and two girls were allegedly raped repeatedly by local youths. Meloni spent a few hours at the invitation of the local parish priest in the Green Park neighborhood in the town of Caivano, where the girls, cousins ages 11 and 12, were allegedly assaulted. The trip was an occasion for Meloni to show that her nearly year-old right-wing government is tough on crime and attentive to people living in largely neglected areas of the country. After meeting with the Rev. Maurizio Patriciello, a school principal and other local figures, Meloni promised that an abandoned, rundown sports complex, the suspected site of some of the alleged rapes, would be repaired and operational by spring. She said 10 million euros ($11 million) have been allocated to repair and make operational the complex, which includes swimming pools and tennis courts. The work will be carried out by the Italian army's engineering corps, and that once the complex reopens, it will be run by police athletic organizations. Meloni decried the alleged rapes as “an inhuman act, an infamous crime that has really shocked everyone." She said there probably “are more stories like this than those that surface in crime news.” Still, “we won't limit ourselves to dutiful condemnation and dutiful solidarity,'' said Meloni, whose far-right Brothers of Italy party has been leading in opinion surveys since her election nearly a year ago. She said her visit to Green Park makes it clear that “no-man's lands cannot exist in Italy." Meloni pledged a crackdown against “criminality, illegality, drugs" and said the number of police and local justice officials will be increased. The Camorra crime syndicate, whose illicit businesses include drug trafficking, holds significant influence in Naples and its suburbs, which include some of Italy's most impoverished areas. “I believe she (Meloni) will keep her word," about the sports center's renaissance, Patriciello said. Residents have complained for years that drugs are openly sold in the neighborhood's squares and streets, even as children pass by on their way to school or play. After the alleged rapes came to the attention of authorities, the cousins were placed in the temporary custody of caregivers while investigators determine if their parents were aware of their whereabouts during the days of the attacks. In 2013, a 6-year-old girl was killed by being thrown from a terrace of one of Green Park's rundown apartment buildings, allegedly by a pedophile who had abused her. The suspect was the companion of her mother's friend, according to Italian news reports. A year earlier, a 3-year-old boy was killed in a fall from an upper-story window of the same building in unclear circumstances. Meloni cited both children's deaths. The Caivano area includes farmlands that were contaminated a decade ago by the Camorra's multibillion-dollar racket involving disposing toxic waste, mainly from industries in the wealthy north that asked no questions about where the garbage went, so long as it was disposed at a fraction of the costs of legal removal. Many parents then marched in protest, fearing that their children's health was compromised from eating local produce. Ahead of Meloni's arrival, there were fears of big protests over her government's drastic slashing of a minimum-income assistance program, which was begun several years ago by populist former Premier Giuseppe Conte. The protests didn't materialize. Read More Ukraine war’s heaviest fight rages in east - follow live Charity boss speaks out over ‘traumatic’ encounter with royal aide Partner of Italy PM Meloni faces backlash over rape comments: ‘Avoid getting drunk’ Italian leader tones down divisive rhetoric but carries on with pursuit of far-right agenda Putin’s forces pushed back by Ukraine counteroffensive after ‘largest’ drone strike

The massive drone attack across multiple regions of Russia into Wednesday marked Ukraine's largest attack on Russian soil since the start of Vladimir Putin's invasion 18 months ago. The Ministry of Defence (MoD) has said it is one of 25 such attacks on Russia during August as Kyiv increases its attempts to "bring the war home" to Russia and destroy equipment that would be used on the frontline in Ukraine. The MoD believes that Russian air defences are likely having difficulty detecting and destroying the drones, given the number of drones hitting their targets. For Ukraine, their own mission to down drones coming from Russia, a constant menace throughout the war, is being added by the US-made 'Vampire' rocket system. The Vampire consists of a laser-guided-missile launcher that houses four rockets and can quickly be installed in a military – or even civilian – truck with a flat bed. It can fire BAE Systems’ Advanced Precision Kill Weapons System rockets outfitted with fuses designed to detonate near a drone. The Vampire, which stands for Vehicle Agnostic Modular Palletised ISR Rocket Equipment, has one major aim. As the Pentagon's undersecretary of defense for policy Colin Kahl, put it, the launcher “uses small missiles, essentially, to shoot [drones] out of the sky.” The laser-guided element allows it to be very accurate, without being as hi-tech as other systems being sent by Western allies. There are other advantages to the system too. The cost per missile is about $27,000 (£21,000), which is expensive for a single munition but relatively cheap for guided missile. The fact that it can be added to most flatbed trucks is useful, with Ukraine's ground forces having proved resourceful in adapting a number of vehicles to house the weapons they need. Air defence systems like the Vampire give Ukrainian forces the option to swiftly – and relatively cheaply – combat Russia's kamikaze drones, offering them the ability to keep their most advanced anti-aircraft systems for areas where they are most important. With many air defence systems built to take down airplanes, helicopters and missiles, small drones can prove a costly problem. While there is scope for advanced technology drones to cost hundreds of thousands of pounds to produce, but smaller ones can cost thousands or even hundreds of pounds. Missiles used to shoot them down can also cost hundreds of thousands, making the four-barrel Vampire rocket launcher system a relative steal. The Pentagon has confirmed that the Vampire, which is also able to strike ground units, is now being used by Ukrainian forces. “Initial Vampire systems have been delivered and are in operation by Ukrainian Armed Forces,” the Pentagon’s Acquisition and Sustainment Office said in statement. The company that makes the counter-drone system, L3Harris Technologies Inc have said that four of the 14 systems that make up a $40m contract signed in January, arrived in Ukraine in the middle of the year. The contract calls for the other 10 to be delivered by the end of 2023. While the bulk of US military support to Ukraine comes from existing stock, the contact for the Vampires comes directly under the billions of dollars set forth as part of Washington's Ukraine Security Assistance Initiative. It is the first time the system has been deployed in a combat zone – and it will prove extremely useful to Ukraine in a conflict where drones are playing an increasingly important role. Read More The Body in the Woods | An Independent TV Original Documentary The harrowing discovery at centre of The Independent’s new documentary