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"WASHINGTON, June 22 (Reuters) - President Joe Biden rolled out the White House red carpet for Indian Prime Minister Narendra Modi on Thursday as part of his effort to jump-start a stronger U.S.-India relationship and counter China's global influence with a series of defense and trade agreements. Biden treated Modi to a colorful White House South Lawn arrival ceremony before some 7,000 people in the morning, before the leaders gathered for Oval Office talks ahead of a glittering state dinner in the evening..."
PRESIDENT.GOV.UA:"Dear Ukrainians, all the people of the world, good health to you! Today is a day when there definitely should be no silence. And we definitely need leadership. Today the world saw that the bosses of Russia do not control anything. Nothing at all. Complete chaos. Complete absence of any predictability. And it is happening on Russian territory, which is fully loaded with weapons. We all remember how the head of Russia threatened the world in 2021. He had some ultimatums, he was trying to show a kind of strength... The year 2022 showed that he confused – confused his illusions and the lies he was fed with strength. They in the Kremlin are capable of resorting to any terror, capable of resorting to any stupidity, but they cannot provide even one percent of the necessary control. And they are the real problem. In one day, they lost several of their million-plus cities and showed all Russian bandits, mercenaries, oligarchs and anyone else how easy it is to capture Russian cities and, probably, arsenals with weapons. Now, it is very important that no one in the world remains silent because of being afraid of this Russian chaos. All the actions of the leaders now can be historic. Every word of journalists is worth its weight in gold. It is necessary to clearly name the source of the problem. And if someone in the world tries to ignore the situation, if someone in the world is under the illusion that the Kremlin is capable of regaining control... this only postpones the problem until the next breakthrough of chaos – even more dangerous. We all know the solution. .."
CNN:" Hardline conservatives have agreed to end their blockade of the House floor while they continue discussions with House Speaker Kevin McCarthy about future spending decisions and a new “power-sharing agreement,” according to multiple members leaving the speaker’s office. Conservatives who had voted against a procedural vote in retaliation for how GOP leadership handled the debt ceiling deal now say they are willing to support the procedural vote, after they received new commitments from McCarthy about how the California Republican plans to operate going forward, though they said the exact details are still being worked out and did not say whether they would ever be made public or put into a written statement.. .."
NPR:"India prides itself on being the world's largest democracy. And while the country continues to have vibrant elections, experts worry that much of what makes a liberal democracy thrive is currently being undermined in India under Modi. "The accusations of backsliding, religious bigotry, attacks on the press, attacks on civil society make this a particularly awkward moment in which to celebrate the two democratic countries coming together to contest China," said Irfan Nooruddin of Georgetown University's School of Foreign Service, who studies democracies and democratic institutions."
CNN:
  • Wagner boss Yevgeny Prigozhin will go to Belarus and criminal charges against him will be dropped in a deal to end his insurrection, Moscow said. The announcement caps a frenetic 36 hours in Russia but much remains uncertain, including Prigozhin's current location.
  • Chechen special forces withdrew from the Rostov region, and will return to fighting on Ukraine's front lines alongside Russian troops. The Chechen unit was deployed Saturday to quell the Wagner insurrection.
  • Attacks on Ukraine's eastern and southern fronts Saturday and overnight, have left two people dead and at least eight injured, Ukrainian officials said. One was killed in the town Vuhledar in eastern Donetsk, and another in Kherson.
  • In Ukraine, President Volodymyr Zelensky claimed Putin is “very afraid” following Wagner's actions, while a defense official said Ukrainian forces launched simultaneous counteroffensives in multiple directions.
BLOOMBERG:"Investors fled into the safety of bonds while stocks fell, as a lurch toward higher interest rates together with weak euro-area activity data heightened anxiety that aggressive central bank policy will tip economies into recession. The technology-heavy Nasdaq 100 and the small-cap Russell 2000 indexes both dropped more than 1%. Chipmakers including Marvell Technology Inc. and GlobalFoundries Inc. slumped. Global stocks headed for their biggest weekly decline in more than three months. European shares slipped with defensive sectors such as health care gaining. The second-quarter stock rally is fraying under the threat of more rate hikes and fears that the full economic impact of aggressive central bank policy has yet to be felt. Federal Reserve Chair Jerome Powell said the US may need one or two more rate increases in 2023. “Getting inflation down is Job One, inflation is too high,” Atlanta Fed President Raphael Bostic said at an event Friday. Treasury Secretary Janet Yellen sought to temper concerns over a US recession, she acknowledged the risk and said a consumer-spending slowdown was needed. “The market is too confident that the Federal Reserve can engineer a soft landing,” said Ryan Belanger, founder and managing principal at Claro Advisors. “We believe it is wise for investors to take profits in stocks thanks to this year’s rally and consider reinvesting those proceeds into high quality bonds.”..Concern about the economic outlook was reflected in a rotation into bonds and out of stocks in weekly flow data. Investors yanked $5 billion from global equity funds in the week through Wednesday and added $5.4 billion to bonds. US stocks face more downside than upside over the next two months as banks and property firms “still have bad recession vibes,” according to the note from Bank of America strategists citing EPFR Global data. .. "