Ukrainian drones strike St. Petersburg during Putin's 'Russian Davos' forum
Ukrainian long-range drones targeted a St. Petersburg oil terminal, setting it on fire as President Vladimir Putin arrived in the city to open the 'Russian Davos' economic forum. Multiple explosions were reported near the terminal in the early hours, with Russian air defense systems reportedly engaging the drones. The strike underscores Ukraine's growing ability to hit targets deep inside Russian territory. The forum continued as planned despite the attack, though security presence in the city was visibly heightened.
California's primary elections delivered a closely contested showdown between Democratic and Republican candidates for governor, with both sides locked in tight races. Several key races remain unresolved as election officials continue counting a large number of outstanding ballots. The results so far suggest a setback for Trump-backed candidates in certain contests. Voter turnout appeared strong across the state, with control of several House seats also hanging in the balance.
With the United States withdrawing from the World Health Organization, attention has turned to whether China can fill the resulting funding and leadership gaps. Chinese financial regulators are also pursuing domestic reforms aimed at reshaping the mutual fund industry. Meanwhile, state media outlets are calling for broader Sino-US cooperation despite ongoing geopolitical tensions. The developments highlight China's dual strategy of seeking international influence while consolidating domestic financial oversight.