Saturday’s “What the Folkstival” outdoor concert was meant to kick off in the early afternoon in a Beijing

UK bond bears are going into a week of key economic data undaunted. Swaps trading suggests any respite

My goodness it’s warm around here. Temperatures are soaring, both physically and politically. Sadly, the only thing that

Russia has warned Western countries that supplying Ukraine with F-16 fighter jets would carry “colossal risks”, after US president Joe Biden announced the US would support the delivery of warplanes. As G7 leaders met for the second day of the summit in Japan, Russian deputy foreign minister Alexander Grushko accused Western countries of “still adhering to the escalation scenario”. “It involves colossal risks for themselves,” he added. “In any case, this will be taken into account in all our plans, and we have all the necessary means to achieve the goals we have set.” Ukraine’s president Volodymyr Zelensky has long stressed the need for F-16 jets, but the US previously hesitated to provide them. The warplanes can travel at twice the speed of sound and can engage with targets in the air and on the ground. Mr Biden has now informed his allies that it will allow the advanced planes to be donated to Kyiv. Mr Biden, who is attending the G7 with other members, also announced training for Ukrainian pilots. It comes as Ukraine has denied claims by Russia that it has taken full control of Bakhmut but warned the situation in the key battle town is “critical”. Hanna Maliar, Ukraine’s defence minister, pushed back on the claim by Yevgeny Prigozhin that his Wagner Group of mercenaries had seized the town around lunchtime. “Heavy fighting in Bakhmut. The situation is critical,” she said on the Telegram messaging app. “As of now, our defenders control some industrial and infrastructure facilities in the area and the private sector.” Prime minister Rishi Sunak welcomed President Biden’s decision on the F-16 fighter jets, having previously pressed allies to provide the Ukrainian president with the jets. “The UK will work together with the USA and the Netherlands, Belgium and Denmark to get Ukraine the combat air capability it needs. We stand united,” he said in a statement. The RAF does not have any US-manufactured F-16s. Mr Zelensky touched down in Japan to join the G7 summit on Saturday morning, saying in a statement that “peace will become closer” as he headed to talks. It is understood it was Mr Sunak who suggested to the Ukrainian war leader that he should attend the Asian summit in person. Mr Sunak is understood to have pitched the idea during a phone call about a month ago before it was then broached with the Japanese hosts. Mr Zelensky’s presence at the meeting will potentially bring him into contact with India’s Narendra Modi and Brazil’s Luiz Inacio Lula da Silva, who have not supported Ukraine like their Western allies. Neither are G7 members, but India is being represented at the summit because it is the current G20 chair, while Brazil has been invited as a guest. Mr Zelensky’s attendance at the G7, the group that Russia was expelled from over its 2014 annexation of Crimea, is another show of solidarity from Western allies. Japan said Mr Zelensky has a “strong wish” to take part in the talks that will influence his nation’s defence against Vladimir Putin. On Saturday, Mr Sunak met with French president Emmanuel Macron for discussions at the summit and had a short “brush-by” meeting with German chancellor Olaf Scholz. They discussed providing military aid and “longer-term security assistance” to Ukraine as well as tackling small boat crossings of the Channel, Downing Street said. Meanwhile, the G7 announced it would establish a new team to root out and counter Russia and China’s use of economic coercion to influence nations’ decisions. Worried by the outsized role China now plays in supply chains for everything from semiconductors to critical minerals, the G7 issued a communique that set out a common strategy towards future dealings with the world’s second-largest economy. “We call on China to press Russia to stop its military aggression, and immediately, completely and unconditionally withdraw its troops from Ukraine,” the leaders said in a statement. They warned that countries attempting to use trade as a weapon would face “consequences”, sending a strong signal to Beijing over practices Washington says amount to economic bullying. “We are not decoupling or turning inwards. At the same time, we recognise that economic resilience requires de-risking and diversifying,” they said. “A growing China that plays by international rules would be of global interest.” Later on Saturday, the Vatican announced that Pope Francis has asked Cardinal Matteo Zuppi, head of the Italian bishops’ conference, to carry out a peace mission to try to help end the war in Ukraine. Pope Francis first spoke of his intention to launch a mission when he was returning from a trip to Hungary last month. A Vatican diplomatic source said Cardinal Zuppi would try to meet separately with both President Zelenskiy and Russia’s President Putin but gave no timescale for the plans. Read More The Body in the Woods | An Independent TV Original Documentary The harrowing discovery at centre of The Independent’s new documentary Sunak meets Zelensky at G7 summit as hopes rise of Ukraine getting fighter jets ‘Peace will become closer today’: Ukraine’s Zelensky arrives for G7 summit in Japan

Corporate America is waking up to what higher interest rates really mean. Companies across the credit spectrum are

Bond traders are losing faith that the Federal Reserve is done tightening monetary policy and will ride to

Thousands of Israelis protested on Saturday against contentious plans by their hard-line government to overhaul the judiciary, as the protest campaign showed no signs of abating nearly five months on. The main protest took place in Tel Aviv, Israel’s economic hub on the Mediterranean, with smaller other rallies across the country. Last Saturday, organizers of the grassroot demonstration cancelled the weekly protest due to security concerns as Israel traded fire with militants in the Gaza Strip. The protesters want the plans that were proposed by the most hard-line government in Israel’s history to be scrapped rather than delayed as Prime Minister Benjamin Netanyahu announced in March. Earlier this week, Israel’s president hosted representatives of the government and opposition parties for talks about the legal changes as parties tried to reach a compromise. The plans plunged Israel into one of its worst domestic crises, ripping open longstanding societal rifts and creating new ones. While the freeze in the legislation eased tensions somewhat, Netanyahu’s allies are pushing him to move ahead on the overhaul. Proponents of the plan, which would weaken the Supreme Court and limit judicial oversight on legislation and government decisions, say it is necessary to rein in what they say is an interventionist court and restore power to elected lawmakers. Opponents say it would upset Israel’s delicate system of checks and balances and imperil its democratic fundamentals. Netanyahu, who is on trial for corruption, faced a barrage of criticism over the legal plan from a broad swath of Israeli society, including business leaders, the booming tech sector and military reservists, who threatened not to show up for duty if the plan was approved Read More Ukraine war’s heaviest fight rages in east - follow live Charity boss speaks out over ‘traumatic’ encounter with royal aide

A former director at Peter Thiel’s venture capital firm Mithril Capital claims in a lawsuit he was driven

After an epic filibuster that blocked legislation for nearly three months, state lawmakers in Nebraska approved a Republican-led ban on abortion care at roughly 10 weeks of pregnancy, combined with a bill that bans gender-affirming care for transgender youth. The extraordinary maneuvers in the smallest legislative body in the country have drawn national attention, as lawmakers across the United States take up a wave of bills targeting abortion rights and LGBT+ people. Protesters surrounded the state capitol chambers in Lincoln on 19 May chanting “keep your bans off our bodies” and “save our lives” as lawmakers made their final round of votes on the bill, which now heads to the desk of Republican Governor Jim Pillen, who intends to sign it into law. At least six protesters were arrested. At a show in Nebraska hours after the vote on Friday night, the artist Lizzo lambasted the legislation from the stage. “It really breaks my heart that there are young people growing up in a world that doesn’t protect them,” she said. “Don’t let anyone tell you who you are. ... These laws are not real. You are what’s real, and you deserve to be protected.” LGBT+ advocates and abortion rights groups have also signalled they are prepared to sue the state to block the measure once it is signed into law. “To be clear, we refuse to accept this as our new normal,” according to a statement from ACLU of Nebraska interim director Mindy Rush Chipman. “This vote will not be the final word. We are actively exploring our options to address the harm of this extreme legislation, and that work will have our team’s full focus. This is not over, not by a long shot.” The legislation directs the state’s chief medical officer – appointed by the Republican governor – to draft the rules for how young trans people and their families can access nonsurgical affirming healthcare. It also bans abortion at 12 weeks gestational age, or roughly nine or 10 weeks, from fertilization. The bill’s passage comes roughly three months after a group of LGBT+ and abortion rights-supporting lawmakers launched a filibuster to block any legislation from advancing in the state’s unicameral legislature until a measure banning gender-affirming care was withdrawn, or until time ran out in the 90-day session. Last month, the filibuster successfully blocked a measure from anti-abortion lawmakers to ban abortion at roughly six weeks of pregnancy. Attaching another anti-abortion measure to the gender-affirming care ban gave proponents of the bill a second chance of advancing both. Opponents forcefully opposed the inclusion of an abortion ban in a bill targeting gender-affirming care, two wholly separate issues combined into one, “but you all don’t care”, state Sen. Machaela Cavanaugh, who launched the filibuster effort in February, told lawmakers this week. “I wish the people in here cared about what they’re doing to people, but they don’t,” she said during debate. “Why are you doing this to our kids? Why are you doing this to our doctors? … Please stop.” State Sen. Megan Hunt, the first openly LGBT+ person elected to the state’s legislature, lambasted a Republican colleague who complained that she was missing her grandson graduate from preschool so she could vote on the bill. Ms Hunt, who changed her party affiliation from Democratic to Independent during this legislative session, also is the mother of a 12-year-old trans son. “If you want to see your grandson graduate from preschool, you should do that,” Ms Hunt told Republican state Sen Lou Ann Linehan. “Instead, you are here to drag out this session because you won’t come off this bill that hurts my son,” she said on 18 May. “You hate him more than you love your own family. And that’s why you’re here. … I am not asking you to sit here through late nights to vote on these bills that we’re dragging out. I’m asking you to love your family more than you hate mine.” She also eviscerated another lawmaker, state Sen. Ray Aguilar, who took issue with being labelled anti-LGBT+ because he said he has a gay daughter. Mr Aguilar voted in favour of the legislation. “You’re part of the problem, that is the scourge of hate and discrimination that your party is standing on in the middle of an ocean like it’s the most important thing in the world to them,” Ms Hunt said. “Your proximity to gayness does not make that OK.” More than a dozen states, mostly in the South, have severely restricted or effectively outlawed abortion in the year after the US Supreme Court struck down Roe v Wade, which affirmed a constitutional right to abortion access. In this past week, lawmakers in North Carolina and South Carolina approved abortion bans, extending restrictions on abortion care from Texas and Oklahaoma through the entire Gulf Coast and throughout the southeast. Nebraska’s legislation also joins a nationwide campaign that has seen hundreds of bills aimed at LGBT+ people, particularly at young trans people, filed in nearly every state within the last two years. At least 15 states have enacted laws or policies banning gender-affirming care for young trans people, and more than a dozen others are considering similar measures. Court injunctions have blocked bans from going into effect in three states. More than half of all trans youth in the US between the ages of 13 and 17 are at risk of losing access to what major health organisations consider age-appropriate, medically necessary and potentially life-saving affirming healthcare in their home state, according to the Human Rights Campaign. The onslaught of legislation and volatile political debate surrounding the bills have also negatively impacted the mental health of an overwhelming majority of young trans and nonbinary people, according to polling from The Trevor Project and Morning Consult. A separate survey from The Trevor Project found that 41 per cent of trans and nonbinary youth have seriously considered attempting suicide over the last year. If you are based in the US and seek LGBT+ affirming mental health support, resources are available from Trans Lifeline (877-565-8860) and the LGBT Hotline (888-843-4564), as well as The Trevor Project (866-488-7386 or text START to 678-678). If you are experiencing feelings of distress, or are struggling to cope, you can speak to the Samaritans, in confidence, on 116 123 (UK and ROI), email jo@samaritans.org, or visit the Samaritans website to find details of your nearest branch. If you are based in the US, and you or someone you know needs mental health assistance right now, call or text the 988 Suicide & Crisis Lifeline at 988. This is a free, confidential crisis hotline that is available to everyone 24 hours a day, seven days a week. If you are in another country, you can go to www.befrienders.org to find a helpline near you. Read More How one North Carolina lawmaker's defection from the Democratic Party upended abortion protections Trans rights groups pledge Texas lawsuit over gender-affirming care ban: ‘Anti-science, discriminatory fear-mongering’ Republican-appointed federal judges grill FDA in mifepristone hearing Anti-abortion laws harm patients facing dangerous and life-threatening complications, report finds

Sinn Fein has become the biggest party in Northern Ireland’s local government for the first time ever, a

Debt limit talks between the White House and House Republicans stopped, started and stopped again heading into a weekend where President Joe Biden and world leaders watched from afar, hoping high-stakes negotiations would make progress on avoiding a potentially catastrophic federal default. In a sign of a renewed bargaining session, food was brought to the negotiating room at the Capitol on Saturday morning, only to be carted away hours later. No meeting was likely Saturday, according to a person familiar with the state of the talks who was not authorized to publicly discuss the situation and spoke on condition of anonymity. Biden's administration is reaching for a deal with Republicans led by House Speaker Kevin McCarthy, R-Calif. The sides are up against a deadline as soon as June 1 to raise its borrowing limit, now at $31 trillion, so the government can keep paying the nation’s bills. Republicans are demanding steep spending cuts the Democrats oppose. Negotiations had came to an abrupt standstill Friday morning when McCarthy said it was time to “pause” talks. Then the teams convened again in the evening, only to quickly call it quits for the night. Biden, attending a meeting of global leaders in Japan, tried to reassure them on Saturday that the United States would not default, a scenario that would rattle the world economy. He said he felt there was headway in the talks. “The first meetings weren’t all that progressive, the second ones were, the third one was,” he said. The president said he believes "we’ll be able to avoid a default and we’ll get something decent done.” Negotiators for McCarthy said after the Friday evening session that they were uncertain on next steps. “We reengaged, had a very, very candid discussion, talking about where we are, talking about where things need to be, what’s reasonably acceptable," said Rep. Garret Graves, R-La. Rep. Patrick McHenry, R-N.C. was asked if he was confident an agreement over budget issues could be reached with the White House. He replied, “No.” As the White House team left the nighttime session, Biden counselor Steve Ricchetti, who is leading talks for the Democrats, said he was hopeful. “We're going to keep working,” he said. McCarthy had said resolution to the standoff is “easy,” if only Biden's team would agree to some spending cuts Republicans are demanding. The biggest impasse was over the fiscal 2024 top-line budget amount, according to a person briefed on the talks and granted anonymity to discuss them. Democrats contend the steep reductions Republicans have put on the table would be potentially harmful to Americans, and they are insisting that Republicans agree to tax increases on the wealthy, in addition to spending cuts, to close the deficit. Wall Street turned lower as negotiations came to a sudden halt. Experts have warned that even the threat of a debt default would could spark a recession. Republicans argue the nation's deficit spending needs to get under control, aiming to roll back spending to fiscal 2022 levels and restrict future growth. But Biden's team is countering that the caps Republicans proposed in their House-passed bill would amount to 30% reductions in some programs if Defense and veterans are spared, according to a memo from the Office of Management and Budget. Any deal would need the support of both Republicans and Democrats to find approval in a divided Congress and be passed into law. Negotiators are eyeing a more narrow budget cap deal of a few years, rather than the decade-long caps Republicans initially wanted, and clawing back some $30 billion of unspent COVID-19 funds. Still up for debate are policy changes, including a framework for permitting reforms to speed the development of energy projects, as well as the Republican push to impose work requirements on government aid recipients that Biden has been open to but the House Democratic leader Hakeem Jeffries of New York has said was a "nonstarter." McCarthy faces pressures from his hard-right flank to cut the strongest deal possible for Republicans, and he risks a threat to his leadership as speaker if he fails to deliver. Many House Republicans are unlikely to accept any deal with the White House. Biden is facing increased pushback from Democrats, particularly progressives, who argue the reductions will fall too heavily on domestic programs that Americans rely on. ___ Associated Press writers Zeke Miller and Josh Boak in Hiroshima, Japan, and AP Congressional Correspondent Lisa Mascaro contributed to this report. Read More Ukraine war’s heaviest fight rages in east - follow live Charity boss speaks out over ‘traumatic’ encounter with royal aide Will Biden's hard-hat environmentalism bridge the divide on clean energy future? Russia warns of ‘colossal risks’ if F-16 fighter jets sent to Ukraine G7 'outreach' an effort to build consensus on global issues like Ukraine, China, climate change

UK Home Secretary Suella Braverman asked civil servants to help her avoid a speeding fine and penalty points