US inflation dips to 8.3% but stays close to 40-year high –as it happened

Rolling coverage of business, the world economy and the financial markets

National Grid has agreed to pay back £200m of revenues gleaned from subsea electricity cables early in an effort to cut painful household bills, reports Alex Lawson.

Under an agreement with watchdog Ofgem, the energy network operator must pay back revenues made from European ‘interconnector’ cables over a five-year period above a cap.

Since the price of materials is rising, we need to work to reduce the amount of materials we use as much as possible and to replace them with less expensive materials.

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Joe Biden calls inflation his ‘top domestic priority’ but blames Covid and Putin – as it happened

President says he understands American’s frustration with Democrats, who control all three branches of government: ‘I don’t blame them’

After his remarks, Biden lingered at the podium to take a few questions on the topic of inflation. (He dismissed off-topic questions, including one about abortion rights.)

Asked whether he believed his agenda was to blame or had contributed to rising costs, he said his policies have “helped not hurt” the economy.

Americans have a choice right now between two paths, reflecting two very different sets of values. My plan attacks inflation and grows the economy by lowering the costs for working families, giving workers well-deserved raises, reducing the deficits by historic levels, and making big corporations and the very wealthiest Americans pay their fair share. The other path is the ‘ultra-MAGA’ plan put forward by Congressional republicans to raise taxes on American families , lower the income of American workers, threaten sacred programs Americans count on like social security, medicare and medicaid, and give break after break to big corporations and billionaires just like they did the last time in power when their top priority was the reckless $2tn tax cut the majority of that going to the wealthiest Americans which ballooned the deficit and not a penny of it was paid for,” the president said.

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Leonid Kravchuk, first president of Ukraine, dies aged 88

Former leader relinquished his country’s Soviet nuclear arsenal, the third-largest in the world

Ukraine’s first president Leonid Kravchuk, who agreed to give up his country’s Soviet nuclear arsenal, the third-largest in the world, has died at the age of 88.

“Sad news and a great loss,” presidential aide Andriy Yermak said on Telegram, describing Kravchuk as “a wise patriot of Ukraine, a truly historical figure in gaining our independence”.

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John Kerry warns a long Ukraine war would threaten climate efforts

Exclusive: US presidential envoy says limiting global heating to 1.5C could be made harder by conflict

The longer the war in Ukraine carries on, the worse the consequences will be for the climate, the US presidential envoy John Kerry has warned.

Many countries are struggling with an energy crisis while also urgently needing to cut greenhouse gas emissions to limit global heating to 1.5C, he said.

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‘I almost got hit’: the Ukrainian journalists turned war correspondents overnight

Initially writing stories and making television reports was secondary for the journalists as many focused on survival

When the war started journalists in Ukraine found themselves at the centre of the biggest story in the world. They became war correspondents overnight.

Ukrainian journalists were spotlighted this week when the Pulitzer prize board awarded them with a special citation, hailing the country’s reporters for the “courage, endurance and commitment to truthful reporting” they have shown since the Russian invasion.

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Putin could use nuclear weapon if he felt war being lost – US intelligence chief

Avril Haines says Russian leader could see prospect of Ukraine defeat as existential threat, potentially triggering escalation

Vladimir Putin could view the prospect of defeat in Ukraine as an existential threat to his regime, potentially triggering his resort to using a nuclear weapon, the top US intelligence official has warned.

The warning on Tuesday came in an assessment from intelligence chiefs briefing the Senate on worldwide threats. The prediction for Ukraine was a long, gruelling war of attrition, which could lead to increasingly volatile acts of escalation from Putin, including full mobilisation, the imposition of martial law, and – if the Russian leader felt the war was going against him, endangering his position in Moscow – even the use of a nuclear warhead.

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Russia-Ukraine war: Ukrainian forces gradually pushing occupiers ‘away from Kharkiv’, says Zelenskiy – live

Ukraine’s president cautioned against creating a pressure of expecting ‘certain victories’, however, in his nightly address

The Ukrainian MP Valentyn Nalyvaichenko, a former head of the security services in the country, has been interviewed on Sky News in the UK from Kyiv. He said that yesterday “we saw again the Victory Day madness in Moscow”. He told viewers:

The same day in Ukraine, in the city of Odesa, the city of Mykolaiv, Russians shelled our cities, our civilians. In Putin’s speech we did not hear any news, any good news for anybody, for us, for the whole world. It’s still the same Soviet kind propaganda. Conducting a war on our soil because of this “Russia’s motherland”. It sounds really like madness, especially on Victory Day.

How can we use civilians as a shield when the Russian Black Sea fleet, the Russian Caspian Sea fleet are shelling missiles, Kalibr and others, against civilians? There is no protection.

The war will continue until Vladimir Putin wants to stop it. We understand any night in any city we can expect shelling at any minute, any hour. That is Putin’s responsibility and his decision.

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China’s pro-Russia propaganda exposed by online activists

Mistranslations falsely blame Ukrainians for atrocities perpetrated by Russian forces against civilians

A number of Chinese government-linked media outlets and pro-Russia social media accounts are spreading pro-Kremlin sentiment on the Chinese internet by mistranslating or manipulating international news about the war in Ukraine.

In response, online, anonymous volunteers – such as those under the Twitter account Great Translation Movement – have exposed China’s pro-Russia propaganda by highlighting mistranslations that falsely blame Ukrainian troops for bombings and atrocities perpetrated by Russian forces against civilians.

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Zelenskiy calls for end to blockade of Odesa port to prevent global food crisis

Concern after Russian missiles struck the Black Sea port on Monday as Biden accuses Putin of ‘revisionist history’ in his Victory Day speech

Ukraine’s president, Volodymyr Zelenskiy, has urged the international community to take immediate steps to end a Russian blockade of his country’s ports in order to allow wheat shipments and prevent a global food crisis.

The Black Sea export port of Odesa was struck by missiles on Monday. Zelenskiy said: “For the first time in decades there is no usual movement of the merchant fleet, no usual port functioning in Odesa. Probably this has never happened in Odesa since world war two.

The United States cited “anecdotal reports” that some Russian troops in Ukraine were not obeying orders. “Mid-grade officers at various levels, even up to the battalion level” were refusing to move forward in the Donbas offensive.

The UN human rights council is due to hold a special session on Thursday to address alleged Russian human rights violations during its war in Ukraine. More than 50 countries, including Britain, Germany, Turkey and the US, backed a request by Ukraine and demanded an extraordinary meeting of the UN’s top rights body.

A mine-sniffing dog credited with detecting more than 200 explosives since the start of the war in Ukraine has been given a medal. Patron, a two-and-a-half-year-old jack russell whose name means “ammo” in Ukrainian, was presented with the award by Ukraine’s president, Volodymyr Zelenskiy, in Kyiv.

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Russian forces conducting ‘storming operations’ on the Azovstal steel plant in Mariupol, Ukraine says – as it happened

This blog has now closed. You can find our latest coverage of the Russia-Ukraine war in our new live blog

As Vladimir Putin wages a bloody and unrelenting war in Ukraine, Guardian foreign correspondent Luke Harding has examined Putin’s unlikely path to the Russian presidency.

From his humble beginnings in St Petersburg to his mysterious and “mediocre” career in the KGB, in this video report we chronicle how Putin deftly manoeuvred himself to become one of the most powerful autocrats in modern history:

Chinese exports to Russia fell in April for the second month as China’s northern neighbour grappled with economic sanctions, while Russian shipments to China surged, a balm to hard-hit Russian firms facing international economic isolation.

Shipments to Russia fell 25.9% in April from a year earlier in dollar terms, worsening from a 7.7% decline the previous month, according to Reuters calculations based on customs data on Monday.

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Senate Democrats aim to reveal which Republicans oppose abortion ahead of midterms – live

Nancy Pelosi has assailed Republicans in her weekly “Dear Colleague” letter to fellow Democrats, saying once Roe v Wade abortion protections are overturned, basic human rights will be next.

In the missive, the House speaker says it is “urgent and essential” that Democrats share with the American public the “dangers of the Republican agenda” in the wake of the supreme court’s draft ruling ending almost half a century of constitutional abortion protections:

Republican state legislators across the country are already advancing extreme new laws, seeking to arrest doctors for offering reproductive care, ban abortion entirely with no exceptions, and even charge women with murder who exercise their right to choose.

These draconian measures could even criminalize contraceptive care, in vitro fertilization and post-miscarriage care, dragging our nation back to a dark time decades into the past.

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Sri Lanka is the first domino to fall in the face of a global debt crisis

The south Asian country is the first to buckle under economic pressures compounded by Russia’s war on Ukraine, but it won’t be the last

The departure of Sri Lanka’s prime minister, Mahinda Rajapaksa, follows weeks of protest and a deepening crisis. There is no bankruptcy system for states but if there was then the south Asian country – down to its last $50m (£40m) of reserves – would be first in line to use it.

A team from the International Monetary Fund (IMF) this week started work with officials in Colombo over a bailout that will include a tough package of reforms as well as financial support. But as the IMF and its sister organisation, the World Bank, know full well, this is about more than the mismanagement of an individual country. They fear Sri Lanka is the canary in the coalmine.

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Jill Biden makes unannounced visit to Ukraine and meets first lady

Surprise trip on Mother’s Day as Biden meets with Ukraine’s first lady, Olena Zelenskiy

US first lady Jill Biden made an unannounced visit to western Ukraine on Sunday, holding a surprise Mother’s Day meeting with the nation’s first lady, Olena Zelenskiy, as Russia presses its punishing war in the eastern regions.

US president Joe Biden has not visited the country, though he expressed a desire to when he was in Poland this spring, following Russia’s invasion in February, but at that time Russian tanks were advancing on the capital, Kyiv, and he hinted that his security advisers held him back.

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Putin’s invasion of Ukraine brings shame on Russia, G7 leaders say

Statement to mark 77th anniversary of end of second world war condemns ‘an attack on feeding the world’

Vladimir Putin’s invasion of Ukraine has brought shame on Russia and the sacrifices its people made to defeat Nazi Germany in the second world war, leaders of the G7 group of leading western economies have said in a statement marking the 77th anniversary of the end of the global conflict.

The statement, made on Sunday after a video conference between the G7 leaders and the Ukrainian president, Volodymyr Zelenskiy, was intended as a rallying call by liberal democracies in advance of Russia’s 9 May Victory Day parade in Moscow.

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Ukraine will prevail as Europe did in 1945, Scholz to say in VE Day speech

German chancellor will draw parallel with second world war defeat of Nazi dictatorship in TV address

Ukraine will prevail over Russia as freedom prevailed over the Nazi dictatorship in 1945, the German chancellor, Olaf Scholz, will say in a TV address to mark the 77th anniversary of Victory in Europe Day, in which he will accuse Vladimir Putin of falsifying history.

In the speech, which will be aired on German TV at 8.20pm CET (7.20pm BST) on Sunday, Scholz says the “legacy of 8 May” for his country must be to help to ensure that there will never again be genocide or tyranny in Europe.

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US unveils new sanctions on Russia, targeting services, media and defense industry

New measures are primarily intended to close loopholes in existing sanctions and to tighten the noose around Russian economy

The US has unveiled a new layer of sanctions on Russia, targeting services, Russia’s propaganda machine and its defence industry on the eve of Vladimir Putin’s planned Victory Day parade.

The new measures were announced as leaders from the G7 group of industrialised democracies held a virtual summit with Ukrainian president, Volodymyr Zelenskiy in a show of solidarity.

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‘Surrender is not an option’: Azov battalion commander in plea for help to escape Mariupol

Two thousand Ukrainian troops thought to be trapped inside steelworks after civilian evacuation

Members of Ukraine’s Azov battalion trapped inside Mariupol’s Azovstal steel plant have said they fear they will be killed if captured by Russian forces, as they pleaded with Ukrainian authorities to help arrange their extraction.

Speaking to the media from inside the besieged steelworks, an Azov commander and lieutenant, looking gaunt and pale, said they had defended the city for the people of Ukraine and the rest of the world and needed a third party to negotiate their exit whether by land or sea.

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Sixty feared dead in Russian airstrike on Ukraine school

Rescue attempts impossible due to constant shelling in Bilohorivka, says Luhansk governor

Sixty people are feared to have been killed after a village school in eastern Ukraine took a direct hit in a Russian air raid, with rescue attempts said by the regional governor to be impossible due to constant shelling.

Russian attacks in the east and south intensified at the weekend ahead of Monday’s symbolic Victory Day celebrations, with the Black Sea city of Odesa coming under repeated missile strikes and the remaining Ukrainian fighters in the Azovstal steelworks in the besieged port city of Mariupol staging a press conference on Sunday saying they had been “abandoned” by the government as Russian attacks continued

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Russia-Ukraine war latest: 60 feared dead after bombing of Luhansk school; Jill Biden makes unannounced Ukraine visit

Odesa hit by missiles but Ukraine launches counter-offensive in north; US first lady meets Olena Zelenskiy at a school

As international efforts to pressure the Russian leader continue, G7 leaders, including US President Joe Biden and Ukraine’s Zelenskiy, are set to discuss Western support for Kyiv via videoconference today.

German Chancellor Olaf Scholz will host the call and Zelenskiy will “take part and report on the current situation,” government spokeswoman Christiane Hoffmann said.

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