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Ukrainian drones attacked Moscow for the second consecutive night as the Russian capital prepares to host a major annual military parade expected to be attended by world leaders including China’s Xi Jinping.

Moscow Mayor Sergey Sobyanin said in a Telegram post Tuesday that at least 19 Ukrainian drones were destroyed on their approach to the capital overnight, one night after Russian air defenses shot down four drones near the city.

There were no immediate reports of serious damage or casualties following the overnight drone attack on Moscow, but debris from downed drones fell on a major highway, according to the city’s mayor on Tuesday. Flights were also suspended as a safety precaution at four of the capital’s airports, according to Russian aviation authorities.

The latest Ukrainian attack on Moscow comes ahead of Xi’s expected arrival in the Russian capital on Wednesday for a three-day state visit, in which the Chinese leader will take part in Friday’s May 9 Victory Day celebrations, according to a Kremlin statement Sunday.

Brazil’s President Luiz Inacio Lula da Silva, Vietnam’s President To Lam and Belarussian leader Aleksandr Lukashenko are among other leaders expected to attend.

Victory Day is the most significant day in Russian President Vladimir Putin’s calendar, as he has long used it to rally public support and demonstrate the country’s military prowess.

Thousands of people are expected to line the streets of Moscow’s Red Square on Friday in an exhibition of patriotism marking the Soviet Union’s role in defeating Nazi Germany and commemorating the more than 25 million Soviet soldiers and civilians who died during World War II.

Putin last month declared a unilateral three-day ceasefire in Ukraine to coincide with the May 9 celebrations based on what he called “humanitarian considerations.”

The Russian leader’s announcement was met with skepticism in Ukraine and renewed urging from the White House for a “permanent ceasefire” as the Trump administration ramps up pressure on Moscow and Kyiv to agree to a deal to end the war.

Ukrainian President Volodymyr Zelensky criticized the three-day ceasefire, saying he was only ready to sign up for a longer truce of at least 30 days.

And in a message to dignitaries traveling to Russia for the Victory Day celebrations, the Ukrainian leader warned that Kyiv “cannot be responsible for what happens on the territory of the Russian Federation,” due to the ongoing conflict.

Kyiv won’t be “playing games to create a pleasant atmosphere to allow for Putin’s exit from isolation on 9 May,” Zelensky said in his nightly address on Saturday.

In response, Russia’s foreign ministry said his comments amounted to a threat.

Zelensky has demanded answers from China in recent weeks, after he revealed that two Chinese fighters had been captured by Ukraine in early April and claimed there were “many more” in Russia’s ranks.

Beijing denied any involvement and repeated previous calls for Chinese citizens to “refrain from participating in military actions of any party.”

Kyiv has increasingly turned to drones to level the playing field with Russia, which boasts superior manpower and resources. On Saturday, Ukraine claimed it shot down a Russian Su-30 fighter jet in the Black Sea using a seaborne drone for the first time.

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A desperate search for two children missing in a rural part of Canada’s Nova Scotia province has stretched into its fourth day, with dozens of rescuers combing the dense woods in search of the siblings.

Six-year-old Lily Sullivan and her brother Jack, 4, were last seen Friday morning at their home in Pictou County, about 70 miles from the province’s capital city of Halifax, according to the Royal Canadian Mounted Police. Police said on Saturday they believe the pair wandered away from their home.

In the days since, more than one hundred searchers as well as helicopters, drones and dogs have been scouring the heavily wooded area near their home for any clues about the siblings’ whereabouts.

The search continued overnight Monday despite challenging rainy conditions. Police said searchers spotted a footprint on Saturday and have expanded their search effort in that area, CBC reported.

Brooks-Murray told CTV Jack and Lily are not the type of kids to go outside alone.

“We always make sure that we’re out there with them, watching them, and they happen to just get out that sliding door, and we can’t hear it when it opens, and they were outside playing, but we weren’t aware of it at the time, and the next thing we knew it was quiet,” Brooks-Murray told CTV.

The children are members of the Sipekne’katik First Nation, according to chief Michelle Glasgow.

“Please help bring Lily and Jack back home,” Glasgow said on social media.

Daniel Martell, the children’s stepfather, told CBC Lily and Jack are “awesome kids.”

“Jack just absolutely loves bugs, dinosaurs,” Martell said. “Lily loves girly things but she also loves doing everything with Jack.”

“They’re like best friends, not just brother and sister,” he added.

Martell said he is pushing for police to monitor the borders and the airports to search for the children. The RCMP are not currently treating the case as a possible kidnapping, according to the CBC.

The RCMP said search and rescue volunteers and officers have “meticulously searched” the area around Jack and Lily’s home and asked the public to avoid the search area in a post to social media Monday.

“Searchers are diligently keeping track of which specific sections of the ground have been covered and are applying their specialized skills to allow the searchers on scene to stay safe,” the RCMP said.

Nova Scotia Premier Tim Houston said people “across Nova Scotia are praying for a positive outcome” for Jack and Lily in a post to social media Saturday.

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A ship that US and Philippine forces planned to sink beat them to it.

A former US World War II-era warship, which survived two of the Pacific War’s most important battles, was supposed to go down in a blaze of glory in a live-fire exercise off the western coast of the Philippines as part of annually held joint military drills.

Instead, before the bombs and missiles could fly, it slipped slowly beneath the South China Sea Monday morning, age and the ocean catching up to it before modern weaponry could decimate it.

The ex-USS Brattleboro was to be the main target for the maritime strike (MARSTRIKE) portion of the annual US-Philippine “Balikatan” exercise, which began April 21 and runs to May 9.

“The vessel was selected because it exceeded its service life and was no longer suitable for normal operations,” according to a statement from the Armed Forces of the Philippines.

A US Navy spokesperson told USNI News last month that the 81-year-old ship was to be the target for US Marine Corps F/A-18 fighter jets during the exercise. A report from the official Philippine News Agency (PNA) said it was to be hit by US and Philippine forces with a combination of anti-ship missiles, bombs and automatic cannon fire.

But as the 184-foot-long vessel was being towed to its station for the exercise, 35 miles west of Zambales province on the northern Philippine island of Luzon, it took on water, the Philippine military statement said.

“Due to rough sea conditions that we are currently experiencing in the exercise box and with its long service life, as is expected, she took on a significant amount of water and eventually sank,” Philippine Navy spokesperson Capt. John Percie Alcos said, according to PNA. He said the vessel was not damaged while being towed.

The ship sank quietly at 7:20 a.m. local time near the spot where it was to be obliterated later in the day, according to the Philippine military.

Other elements of the MARSTRKE exercise would go on, the military statement said.

The Philippine and US joint task forces “will rehearse virtual and constructive fire missions,” the statement said, without detailing what elements were still scheduled as part of the drill. “The combined force will still achieve its training objectives,” it added.

The Philippine military said there was no environmental danger from the sinking as the vessel had been cleaned before being towed out for the exercise.

A distinguished history

The sinking of the ex-USS Brattleboro was a quiet end for a ship that distinguished itself across decades.

In World War II, it participated in the battles of Leyte Gulf and Okinawa, two key US defeats of Imperial Japanese forces in 1944 and 1945 respectively.

The ship, designated as a submarine chaser, served in a key rescue and air defense role in the Battle of Leyte during the US invasion of the Philippines, according to the US Naval History and Heritage Command (NHHC).

Over the course of a month, it helped get more than 400 wounded soldiers from shore to larger hospital ships and shot down a Japanese aircraft, according to the NHHC.

After further combat around the island of Palau and later again in the Philippines, Brattleboro got orders to head to Okinawa to support the US invasion there in the spring of 1945.

The invasion of Okinawa commenced on April 1, and “over the next 91 days, the subchaser treated over 200 badly wounded men and rescued in excess of 1,000 survivors of ships that sank,” the NHC history says.

After being retired from US service in the mid-1960s, the ship was transferred to the South Vietnamese military in 1966.

With the fall of Saigon in 1975, the then-South Vietnamese ship was transferred to the Philippines, where it was recommissioned as the Miguel Malvar – a hero of the Philippine revolution – in the Philippine Navy in 1977.

It was decommissioned in 2021.

Heightened tensions

Monday’s ship-sinking exercise was planned in an offshore area facing the hotly disputed Scarborough Shoal, which has been closely guarded by the Chinese coast guard, navy and suspected militia ships, according to the Associated Press. The Philippines also claims the fishing atoll, which lies about 137 miles west of Zambales.

This year’s Balikatan, called “shoulder-to-shoulder” in Tagalag, involves more than 14,000 Filipino and US troops in exercises designed to be a “full battle test” between the two defense treaty allies in response to regional security concerns.

China and the Philippines have faced increasing clashes in the waters near Scarborough Shoal in recent years, as China exerts its disputed sovereignty over the entirety of the vast South China Sea. And tensions between Beijing and Manila are their worst in years amid concerns of military conflict.

China has vehemently opposed such exercises involving US forces in or near the South China Sea.

This post appeared first on cnn.com

German conservative leader Friedrich Merz failed to garner the parliamentary majority needed to become chancellor on Tuesday in a first round of voting in an unexpected setback for his new coalition with the center-left Social Democrats.

Merz, 69, who led his CDU/CSU conservatives to win a federal election in February and since secured a coalition deal with the center-left Social Democrats (SPD), won just 310 votes in the lower house of parliament, Bundestag President Julia Kloeckner said. He needed 316 to secure a majority.

Kloeckner said she was interrupting the parliamentary session so that the parliamentary groups could consult on how to proceed.

The lower house of parliament, or Bundestag, now has 14 days to elect Merz or another candidate chancellor with an outright majority – and could attempt another vote already on Tuesday.

Merz’s conservatives won national elections in February with 28.5% of the vote but need at least one partner to form a majority government.

On Monday they signed a coalition deal with the center-left Social Democrats, who won just 16.4%, their worst result in German post-war history.

This is a developing story and will be updated.

This post appeared first on cnn.com

Description

The securities of White Cliff Minerals Limited (‘WCN’) will be placed in trading halt at the request of WCN, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Wednesday, 7 May 2025 or when the announcement is released to the market.

Issued by

ASX Compliance

Click here for the full ASX Release

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Hazer Group Ltd (‘Hazer’ or ‘the Company’) (ASX: HZR) is pleased to announce it has entered into a binding Alliance Agreement (the “Alliance”) with Kellogg Brown and Root LLC (NYSE: KBR, “KBR”) a global leader in technology and engineering solutions, for the commercial deployment and licensing of Hazer’s proprietary methane pyrolysis technology.

Highlights

  • Binding strategic alliance with KBR (NYSE: KBR), a world-leading engineering group and global technology licensor set to supercharge Hazer’s commercialisation strategy
  • Hazer is KBR’s exclusive partner for marketing and licensing of methane pyrolysis technology
  • Clear revenue visibility targeting multiple license deals within 6 years, materially derisking Hazer’s business plan
  • Capital-lite licensing model maintained; KBR A$3million work program contribution preserves Hazer’s robust funding position
  • Strengthens Hazer’s market penetration into high-growth market segments of ammonia and methanol, and regions including North America and Middle East
  • CEO Glenn Corrie and other members of the management team will be hosting a webinar on Wednesday, 07 May 2025 at 09:00am (AWST) / 11:00am (AEST). Details provided below

KBR – A Global Leader in Technology Licensing

KBR is a world-renowned engineering and technology company delivering engineering and cutting-edge technology licensing solutions to companies and governments across energy, chemicals, infrastructure and defence. KBR has licensed over 260 grassroots ammonia plants since 1943. Over 50% of the world’s ammonia is produced using KBR’s ammonia process.

KBR also brings a strong track record in commercialising breakthrough industrial technologies. Notable partnerships include ExxonMobil for next-generation catalyst development, and Mura Technology (including a US$100 million strategic investment) to scale its proprietary plastic recycling solution world-wide.

Under the Alliance, KBR will be Hazer’s exclusive global partner for the marketing, licensing and deployment of Hazer technology to customers in the ammonia and methanol markets. KBR and Hazer will also work closely to pursue licensing opportunities in decarbonizing hydrogen markets beyond these exclusive markets.

KBR’s President Sustainable Technology Solutions, Jay Ibrahim, said:“KBR’s proven global expertise in deploying sustainable technology solutions complements Hazer’s leading methane pyrolysis technology, making us ideal partners. Our market assessment and due diligence have highlighted Hazer’s potential to decarbonize the global ammonia and methanol sectors. We are excited to partner with Hazer to provide a compelling low- carbon hydrogen production solution to meet growing global demand.’

Hazer’s CEO and Managing Director, Glenn Corrie, said:“We are excited to be joining forces with KBR to commercialise Hazer’s world-leading clean hydrogen technology on the global stage. This is a transformational transaction for Hazer coming at a critical time when the world urgently needs affordable, low-emissions hydrogen to decarbonise legacy hard-to-abate industries. Building on the momentum of our successful Commercial Demonstration Plant and technology test program, which laid the foundations of commercialisation last year, this partnership represents a strong endorsement and the next logical step in delivering on our strategic roadmap and unlocking long-term value for shareholders.

KBR has the scale, capability and reputation to help accelerate the deployment of Hazer’s technology at industrial scale. We see immediate potential in the ammonia and methanol sectors – industries with significant CO2 footprints and strong demand for clean alternatives. KBR’s market leadership, global reach and execution strength make them an ideal partner to bring our vision to life.”

Strategic Alliance to Commercialise Hazer’s Leading Methane Pyrolysis Technology

Under the Alliance, Hazer and KBR will collaborate on the up-scaling, marketing and licensing of the Hazer technology for commercial deployment.

Under the terms of the agreement, KBR will be Hazer’s exclusive licensing partner for the ammonia and methanol markets while working closely in other hydrogen sectors. The initial term of the Alliance is six (6) years with an option to extend subject to the achievement of performance metrics. The parties have agreed to collaborate on the development of a design package for Hazer facilities targeting hydrogen capacities of 50,000+ tonne per annum as well as the global sales, marketing and licensing of Hazer’s technology. Hazer will be KBR’s exclusive methane pyrolysis technology provider.

The total cost of the Alliance work program is anticipated to be in the range A$3.0-5.0 million of which KBR will contribute approximately A$3.0 million over the work program period. The Alliance is underpinned by performance objectives with a target of securing multiple firm licensing opportunities during the initial term.

In respect of royalty and licensing fee sharing, the Company will keep the market informed as license arrangements are signed. Hazer’s pre-existing portfolio and opportunity pipeline is not subject to the terms of the Alliance. An incentive structure applies in the event KBR secures a license for the first commercial unit secured within three years. There is no financial impact at this stage as no client agreements are in place.

In other terms, the agreement can terminate if licensing performance metrics are not met. Hazer retains full ownership of its existing intellectual property. The agreement otherwise contains terms customary for an arrangement of this kind.

Click here for the full ASX Release

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Understanding trends in the cannabis industry is paramount for investors eyeing a market with steady growth potential, but the landscape is complex as products and regulations continue to evolve.

Consumption habits are changing as edibles, vaping and THC beverages gain traction, especially among younger users, and cannabis companies are adapting their offerings to meet shifting demand.

Meanwhile, regulatory uncertainty, particularly surrounding the future of the US Farm Bill and state-level restrictions on hemp-derived cannabinoids, continues to challenge the market.

Despite these headwinds, production data and long-term growth forecasts suggest the cannabis industry remains on a promising — albeit turbulent — path. Read on for more on key trends to watch in 2025.

Consumption methods evolving post-legalization

Shifts in consumer behavior are reshaping markets across the board, and the cannabis industry is no exception.

While smoking remains the dominant method of cannabis consumption, a recent report from the Centers for Disease Control and Prevention highlights the growing popularity of edibles, vaping and dabbing.

The report notes that vaping and dabbing are particularly pronounced among younger adults.

A separate study published by the American Medical Association and funded in part by the Canadian Institutes of Health Research also points to how product preferences have changed among Canadian users since legalization in 2018.

The study indicates that while the use of flower, cannabis concentrates, oil, tinctures and topicals has decreased during that time, the use of vape cartridges, edibles and beverages has increased.

Edibles and beverages were legalized in Canada in late 2019, and Truss Beverage was one of the first players to introduce cannabis-infused drinks. Truss was a joint venture formed by Molson Coors Canada (TSX:TPX.A,TSX:TPX.B) and HEXO, a cannabis company that has since been acquired by Tilray Brands (TSX:TLRY,NASDAQ:TLRY).

In early 2020, Tilray launched a lineup of confectionery, wellness products and beverages through its subsidiary, High Park; Canopy Growth (TSX:WEED,NASDAQ:CGC) made a similar move. These companies gradually brought their products to the US as more states legalized cannabis for medical and/or recreational use.

Today, established cannabis brands typically offer edibles and beverages alongside their other products. Organigram Global (TSX:OGI,NASDAQ:OGI) is one of the newest US entrants, with its April acquisition of Collective Project providing immediate access to the US hemp-derived THC beverage market.

Growing awareness of health and wellness, potentially amplified by the pandemic-led adoption of health trackers, appears to be making an impact on the alcoholic beverage market.

A 2023 Gallup poll reveals a two decade decline in alcohol consumption, particularly among younger adults, suggesting a shift towards more health-conscious lifestyles within this demographic.

Craft beer production declined by 4 percent year-on-year in 2024, according to data collected by the Brewers Association. This marked the largest drop in the industry’s history, excluding the pandemic. For small, independent craft breweries, 2024 marked the third consecutive year of declining production. A drop in the number of operating small breweries last year provides further evidence of this trend, with 501 closures in 2024 versus 434 openings.

Challenges in the alcohol market extend beyond the brewing industry, with the New York Times recently reporting the closure of a handful of nightclubs facing decreased alcohol sales alongside rising insurance and rent costs.

Meanwhile, cannabis lounges have been popping up across the US for the last several years. As of early 2025, several states had legalized or were in the process of implementing regulations for cannabis consumption lounges.

Hemp market growth despite regulatory uncertainty

The burgeoning hemp industry is another segment of the expanding cannabis market.

The legalization of industrial hemp — defined as cannabis with a THC concentration of 0.3 percent or less — through the 2018 Farm Bill led to initial investment and optimistic projections for CBD wellness products and various industrial applications. The sector’s rapid evolution also brought the rise of hemp-derived intoxicating cannabinoids, creating a market that presented both opportunities and complexities for participants.

However, after an initial boom, a lack of infrastructure and clearly defined regulations for CBD, as well as state-level variations and market oversupply, ultimately contributed to a quick retraction.

2024 was a pivotal year for the US hemp industry, as the hemp-related provisions of the 2018 Farm Bill — originally set to expire in September 2023, but extended to December 31, 2024 — created an urgent need to address critical issues like THC limits and the regulation of novel hemp-derived cannabinoids. A major point of contention was the proposed shift from defining hemp based on Delta-9 THC concentration (0.3 percent or less) to “total THC,” which includes THCA.

This change had the potential to significantly impact farmers and processors, as many hemp varieties that are compliant under the Delta-9 THC rule could exceed the 0.3 percent limit when THCA is included.

Various bills and amendments were proposed in 2024 as part of the Farm Bill discussions, each with different approaches to regulating hemp. Separate regulatory frameworks for industrial hemp and hemp grown for cannabinoids were suggested, and many states took their own action, leading to a patchwork of regulations and even outright bans.

Despite challenges, data from the US Department of Agriculture suggests signs of recovery.

The department’s annual National Hemp Report from 2024 points to an 18 percent increase in industrial hemp production value between 2022 and 2023, with output growth seen in specific sectors like floral (18 percent), fiber (133 percent) and seed hemp (414 percent). The 2025 report from the Department of Agriculture indicates further expansion, with notable increases observed in both acreage (up 64 percent from 2023) and value (46 percent).

The 2024 Farm Bill ultimately did not pass, and right now the hemp industry is operating under a temporary extension of the 2018 Farm Bill under the American Relief Act of 2025, signed into law on December 21, 2024.

The 2018 Farm Bill is now set to expire on September 30, 2025.

While analysts for Markets and Markets project that the North American hemp industry will grow at a CAGR of 22.4 percent and ultimately reach a valuation of US$30.24 billion by 2029, the future of the industry will be heavily influenced by the outcome of the ongoing Farm Bill discussions.

US cannabis legalization remains stalled

Although there is clear demand for cannabis products, the now-defunct rescheduling process in the US is likely to continue casting a shadow of uncertainty over the industry’s long-term trajectory.

Legal and procedural delays, including allegations of improper conduct and bias within the US Drug Enforcement Administration (DEA), led to hearing cancellations, and the new administration of US President Donald Trump has brought leadership changes to key agencies like the DEA and the Department of Justice.

Terry Cole, who Trump nominated to be DEA administrator on February 11, has a history of opposing cannabis legalization in the country. Similarly, Pam Bondi, Trump’s pick to lead the justice department, staunchly opposed a movement to legalize medical cannabis during her tenure as Florida’s attorney general.

While there have been bipartisan efforts in Congress to end federal cannabis prohibition and establish regulations for eventual legalization, the DEA’s actions and statements indicate a potential stall or reversal of progress.

In addition to that, new research is adding complexity to the debate.

A study published in the American Journal of Psychiatry this past March highlights an association between the use of high-potency cannabis strains and increased risks of psychosis, a factor that may not have been fully considered by the Department of Health and Human Services. As stronger cannabis strains become more widely available, a reassessment of their potential health risks may be required.

Investor takeaway

While the cannabis industry holds promise for growth and innovation, investors must remain acutely aware of the regulatory uncertainties and market volatility that will undoubtedly shape its trajectory in the years to come.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

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Marine salvage experts on Sunday began operations to recover from the seabed off Italy’s Sicilian coast the British-flagged superyacht “Bayesian,” which sank last summer, killing UK tech magnate Mike Lynch, his daughter and five others.

Operations will be conducted by two floating cranes: “Hebo Lift 2,” which has remotely operated underwater equipment and vehicles, and “Hebo Lift 10,” one of the most powerful maritime cranes in Europe, which docked Saturday in the Sicilian port of Termini Imerese after arriving from Rotterdam.

The Italian coast guard is supervising operations and patrolling the security perimeter to ensure the safety of personnel working on the recovery. It said that the overall operation to retrieve the Bayesian could take from 20 to 25 days. After the wreck is brought ashore, judicial authorities investigating the sinking will examine it.

Prosecutors are investigating the captain and two crew members for possible responsibility in connection with the August 19, 2024, sinking. The 56-meter (183-foot)-long, 473-ton yacht sank during what appears to have been a sudden downburst, or localized powerful wind from a thunderstorm that spreads rapidly after hitting the surface.

The yacht’s 75-meter (246-foot) aluminum mast – the second tallest in the world — will be cut to allow the hull, which lies 49 meters (160 feet) below the surface, to be brought to the surface more easily, said coast guard Capt. Nicola Silvestri.

In addition to Lynch and his 18-year-old daughter Hannah, Morgan Stanley International Chairman Jonathan Bloomer and wife Judy, attorney Chris Morvillo and wife Neda, and ship’s cook Recaldo Thomas died in the shipwreck.

With the help of nearby vessels, 15 of the 22 people were rescued in the initial phase, one body was recovered, and six others reported missing. The bodies of the six missing people were found following long and complex search efforts, which continued until August 23.

This post appeared first on cnn.com