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Exchange-traded funds (ETFs) are one of the fastest-growing investment vehicles, and as uranium’s role in the energy transition grows, investors are becoming increasingly interested in uranium ETFs and related products.

After years of dormancy, the uranium spot price zoomed past the US$100 per pound level in early 2024 on supply risks and a strong outlook for long-term demand. Although it’s since pulled back, bulls believe it still has room to run.

Supporting factors include the lack of new uranium mines, Russia’s dominance in conversion and enrichment, rising demand for low-carbon energy sources and the continued development and deployment of small modular reactors.

There is also increasing demand for uranium from China and India as both of these countries grapple with air pollution in the face of growing electricity demand. China is working to expand its nuclear power capacity, and although it ranks among the top 10 uranium-producing countries, it relies heavily on uranium imports.

Compounded, these factors are creating a mounting supply deficit.

“This year, uranium mines will only supply 75 percent of demand, so 25 percent of demand is uncovered,” Amir Adnani, CEO and president of Uranium Energy (NYSEAMERICAN:UEC), said at a January 2025 event.

Although the fundamentals are promising, the U3O8 spot price has faced pressure in 2025, with prices below US$80 since the start of the year. As supply tightens, incentivizing new projects to come online is becoming imperative.

“Next year, uranium demand is going up because there are 65 reactors under construction, and we haven’t even started talking about small and advanced modular reactors,” Adnani said. “Small and advanced modular reactors are an additional source of demand that, maybe not next year, but within the next three to four years, can become a reality.”

As mentioned, that backdrop is helping uranium ETFs and related investment products gain steam. Today there are five uranium ETFs available, as well as four investment vehicles backed by physical uranium — and perhaps more to come.

Read on to learn about the uranium ETFs and related vehicles on offer. All data was current as of May 5, 2025.

Uranium ETFs tracking uranium stocks

1. Global X Uranium ETF (ARCA:URA)

Total asset value: US$2.7 billion

The Global X Uranium ETF tracks a basket of uranium miners, as well as nuclear component producers.

The fund has an expense ratio of 0.69 percent and a yearly return of negative 17.23 percent, a decline that coincides with the recent pullback in the uranium price.

Uranium companies account for a significant portion of its portfolio, and nearly half of those companies are Canadian. The ETF’s top two uranium company holdings are major uranium producer Cameco (TSX:CCO,NYSE:CCJ) at a weight of 22.31 percent and NexGen Energy (TSX:NXE) at 5.64 percent. Interestingly, one of its top three holdings is the Sprott Physical Uranium Trust (TSX:U.U) at a weight of 8.52 percent.

2. Sprott Uranium Miners ETF (ARCA:URNM)

Total asset value: US$1.32 billion

The Sprott Uranium Miners ETF includes both uranium producers and explorers for broader exposure. The fund has an expense ratio of 0.75 percent and a yearly return of negative 34.69 percent.

Uranium stocks with market caps under US$2 billion account for 48.7 percent of the ETF’s holdings. Its top three holdings are Cameco at 15.28 percent, the Sprott Physical Uranium Trust at 13.21 percent and Kazatomprom (LSE:59OT,OTC Pink:NATKY) at 12.99 percent.

3. VanEck Vectors Uranium + Nuclear Energy ETF (ARCA:NLR)

Total asset value: US$1.02 billion

The VanEck Vectors Uranium + Nuclear Energy ETF launched in 2007 and tracks a market-cap-weighted index of stocks in the uranium and nuclear energy industries. Its expense ratio is 0.61 percent and its yearly return is negative 0.12 percent.

This uranium ETF’s top three holdings are Constellation Energy Group (NASDAQ:CEG) at a weight of 8.49 percent, Public Service Enterprise Group (NYSE:PEG) at 7.38 percent and Endesa (OTC Pink:ELEZF,SSE:ELE) at 6.95 percent.

4. Sprott Junior Uranium Miners ETF (NASDAQ:URNJ)

Total asset value: US$232.29 million

The Sprott Junior Uranium Miners ETF launched in February 2023, making it one of the newest additions to the uranium ETF universe. The ETF has an expense ratio of 0.8 percent and a yearly return of negative 15.51 percent.

It tracks the NASDAQ Sprott Junior Uranium Miners Index (INDEXNASDAQ:NSURNJ), which follows small-cap uranium companies. The fund’s 33 holdings are all uranium mining, development or exploration companies. Its top three holdings are Paladin Energy (ASX:PDN,OTCQX:PALAF) at 12.46 percent, Uranium Energy (NYSEAMERICAN:UEC) at 10.32 percent and NexGen Energy at 10.25 percent.

5. Horizons Global Uranium Index ETF (TSX:HURA)

Total asset value: US$55.08 million

The Horizons Global Uranium Index ETF was Canada’s first pure-play uranium ETF and provides exposure to uranium industry growth. It has an expense ratio of 1.06 percent and a yearly return of negative 25.2 percent.

Created in 2019, the fund’s top holdings are Cameco with a weight of 20.68 percent, Kazatomprom at a weight of 17.12 percent and the Sprott Physical Uranium Trust at 15.25 percent.

Physical uranium investment vehicles

1. Sprott Physical Uranium Trust (TSX:U.U)

Total asset value: US$4.09 billion

Of all the uranium-focused funds, this one has created the most buzz. Launched in July 2021, the Sprott Physical Uranium Trust quickly made its mark on the sector, stoking investor interest and prices for the commodity.

The fund holds 66.22 million pounds of U3O8, has an expense ratio of 0.64 percent and has a yearly return of negative 34.57 percent.

2. Yellow Cake (LSE:YCA,OTCQB:YLLXF)

Total asset value: US$983.66 million

Founded in 2018, Yellow Cake is a uranium company that provides investment exposure to the uranium spot price through its physical holdings of uranium and uranium-related commercial activities.

Yellow Cake’s current holdings total 21.68 million pounds of U3O8. Its access to material volumes of uranium at prevailing market prices comes via its long-term partnership with Kazatomprom. Through this partnership, it has the option to purchase up to US$100 million of uranium annually through 2027.

3. Zuri-Invest Uranium AMC

Total asset value: US$1.65 billion

Launched in April 2023, Zuri-Invest’s product is directly linked to physical uranium, and is the first actively managed certificate (AMC) in the sector. According to Zuri-Invest, “an AMC is a security that can be managed on a discretionary basis enabling the active management of a chosen investment strategy.”

Qualified non-US institutional and professional investors can take part in this physical uranium AMC (Swiss ISIN code CH1214916533) through their bank. The custodian of the product is Cameco, which holds the physical uranium in a secure storage facility in Canada.

4. xU3O8

Total asset value: US$5.93 million

One of the newest ways to gain exposure to physical uranium is through the token xU3O8.

Using the power of the Tezos blockchain and real-world asset tokenization, the xU3O8 token from uranium.io gives investors the ability to directly own and trade physical uranium. Launched in 2024, xU3O8’s 38,464.62 kilograms of U3O8 are stored at a secure Cameco facility, with Archax acting as trustee.

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

This post appeared first on investingnews.com

Legendary investor Warren Buffett is stepping down as CEO of Berkshire Hathaway (NYSE:BRK.A,NYSE:BRK.B) after six decades at the helm — but he’s still not yet ready to retire.

In a media release on Monday (May 5), Berkshire said that its board of directors unanimously has voted to appoint Greg Abel, vice chairman, non-insurance operations, as president and CEO come January 2026.

Buffett will remain the chairman of the board of directors.

Buffett has held the position of CEO at Berkshire since 1970, with Abel confirmed as his successor in 2021.

What is Buffett’s strategy?

Buffett took control of Berkshire in 1965, back when the company was a struggling textile manufacturer.

In a 2010 letter to shareholders, he recounted his experience in those early days:

‘Berkshire was then only intextiles, where it had in the previous decade lost significant money. The dumbest thing I could have done was topursue ‘opportunities’ to improve and expand the existing textile operation – so for years that’s exactly what Idid. And then, in a final burst of brilliance, I went out and bought another textile company. Aaaaaaargh!Eventually I came to my senses, heading first into insurance and then into other industries.’

Many people have tried to explain Buffett’s success in recent years. One recent Financial Times article titled “How Buffet Did It” notes that his strategy is “more than great stock picks and insurance premiums.”

An older paper called ‘Buffett’s Alpha’ suggests that his exposure to low-risk, cheap and high-quality stocks is key.

“(He) has boosted his returns by using leverage, and that he has stuck to a good strategy for a very long time period, surviving rough periods where others might have been forced into a fire sale or a career shift,” states the paper, which was written by Andrea Frazzini, David Kabiller and Lasse Heje Pedersen.

‘We estimate that Buffett applies a leverage of about 1.7-to-1, boosting both his risk and excess return in that proportion. Thus, his many accomplishments include having the conviction, wherewithal, and skill to operate with leverage and significant risk over a number of decades,’ the authors also note.

Who is Buffett’s successor?

Abel has been with Berkshire since 2000, when Berkshire bought MidAmerican, an energy company he had been running. He joined the board as vice chairman, non-insurance operations, in 2018.

MidAmerican was renamed Berkshire Hathaway Energy (BHE), with Abel serving as its chief executive officer from 2008 to 2018. He remains the company’s chair as of writing. At both MidAmerican and Berkshire, Abel was mentored by David Sokol, who seemed a likely successor to Warren Buffett until he resigned from Berkshire in 2011.

Abel was named vice chairman in 2018 along with Ajit Jain. In a 2014 letter to shareholders, Buffett’s longtime right-hand man, Charlie Munger, who passed away in 2023, wrote about the two as potential successors.

‘Ajit Jain and Greg Abel are proven performers who would probably be under-described as ‘world-class.’ ‘World-leading’ would be the description I would choose,’ said Munger.

‘In some important ways, each is a better business executive than Buffett.’

Buffett has also spoken highly of Abel, saying in 2023, ‘Greg understands capital allocation as well as I do. That’s lucky for us. He will make those decisions, I think, very much in the same framework as I would make them. We have laid out that framework now for 30 years.’

Berkshire’s path forward under Abel

Buffett’s words indicate that he sees Berkshire and Abel following the framework he has laid out.

Of course, there may be some evolution. Morningstar analyst Gregg Warren notes that the ‘groundwork for a successful transition’ at Berkshire has been in place for decades.

He also notes that Buffett and Munger were skilled at acquiring businesses that were a good cultural fit.

“We expect this to continue, believing that Berkshire’s culture of management autonomy and entrepreneurship has become institutionalized,’ Warren explains in a recent article.

‘ However, the new managers will probably work with a slightly different opportunity set, and we believe they will evolve Berkshire from what has historically been a reinvestment machine into one that is more focused on returning capital to shareholders, which is what we would expect of a company of this size with limited investment opportunities.”

Warren also comments that Berkshire currently doesn’t pay a dividend. This principle is because of Buffett’s belief that retained earnings should yield greater value than cash payouts.

Warren said this may change after Abel takes over, underlining that issuing a dividend could help Berkshire retain shareholders who may consider selling once Buffett is no longer at the helm.

Berkshire’s recent activities include diversification of its portfolio via strategic acquisitions and investments.

In January 2025, Forest River Bus & Van, a Berkshire subsidiary, announced its acquisition of L.A. West Coaches to enhance its product portfolio in the luxury transportation market.

“This partnership represents a shared commitment to excellence and innovation,” said Douglas Wright, group general nanager of Forest River Bus & Van. “L.A. West Coaches’ proven expertise and dedication to quality align with our values, and we look forward to collaborating to expand our product range.”

BHE is also currently exploring the production of lithium carbonate and other minerals from its geothermal power plants in California’s Imperial Valley, aligning with the company’s interest in renewable energy and sustainability.

BHE Renewables publicized a joint venture with Occidental Petroleum (NYSE:OXY) in June 2024, saying that this will be useful for the demonstration and deployment of TerraLithium’s direct lithium extraction.

Occidental is the owner of TerraLithium, a company that provides a technology platform for extracting lithium from geothermal and other brines to produce ultra-pure battery-grade lithium hydroxide and lithium carbonate.

Once the demonstration is successful, BHE Renewables plans to build, own and operate commercial lithium production facilities in California’s Imperial Valley. The joint venture also plans to license the technology and develop commercial lithium production facilities outside the Imperial Valley.

Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

America’s supply chain is under attack.

From coast to coast, organized criminal groups are hitting trucks on the road, breaking into warehouses and pilfering expensive items from train cars, according to industry experts and law enforcement officials CNBC interviewed during a six-month investigation.

It’s all part of a record surge in cargo theft in which criminal networks in the U.S. and abroad exploit technology intended to improve supply chain efficiency and use it to steal truckloads of valuable products. Armed with doctored invoices, the fraudsters impersonate the staff of legitimate companies in order to divert cargo into the hands of criminals.

The widespread scheme is “low risk and a very high reward,” according to Keith Lewis, vice president of Verisk CargoNet, which tracks theft trends in the industry.

“The return on investment is almost 100%,” he said. “And if there’s no risk of getting caught, why not do it better and do it faster?”

In 2024, Verisk CargoNet recorded 3,798 incidents of cargo theft, representing a 26% increase over 2023.

Total reported losses topped nearly $455 million, according to Verisk CargoNet, but industry experts told CNBC that number is likely lower than the true toll because many cases go unreported. Numerous experts who spoke to CNBC estimate losses are close to $1 billion or more a year.

Train cargo thefts alone shot up about 40% in 2024, with more than 65,000 reported incidents, according to the Association of American Railroads.

Industry experts and law enforcement officials say a more sophisticated and insidious form of cargo theft called strategic theft is also on the rise.

The way the system is supposed to work is this: A shipper pays a broker, and the broker, after taking its fee, pays the carrier, the trucking company that moves the load.

In strategic theft, criminals use deceptive tactics to trick shippers, brokers or carriers into handing cargo or legitimate payments, sometimes both, over to them instead of the legitimate companies.

This post appeared first on NBC NEWS

The escalating conflict between India and Pakistan could be offering the world a first real glimpse into how advanced Chinese military technology performs against proven Western hardware – and Chinese defense stocks are already surging.

Shares of China’s AVIC Chengdu Aircraft rose 40% this week, as Pakistan claimed it used AVIC-produced J-10C jets to shoot down Indian fighter jets – including the advanced French-made Rafale – during an aerial battle on Wednesday.

India has not responded to Pakistan’s claims or acknowledged any aircraft losses. When asked about the involvement of Chinese-made jets, a spokesperson for China’s Foreign Ministry said on Thursday he was not familiar with the situation.

Still, as Pakistan’s primary arms supplier, China is likely watching intently to find out how its weapon systems have and potentially will perform in real combat.

A rising military superpower, China hasn’t fought a major war in more than four decades. But under leader Xi Jinping, it has raced to modernize its armed forces, pouring resources into developing sophisticated weaponry and cutting-edge technologies.

It has also extended that modernization drive to Pakistan, long hailed by Beijing as its “ironclad brother.”

Over the past five years, China has supplied 81% of Pakistan’s imported weapons, according to data from the Stockholm International Peace Research Institute (SIPRI).

Those exports include advanced fighter jets, missiles, radars and air-defense systems that experts say would play a pivotal role in any military conflict between Pakistan and India. Some Pakistan-made weapons have also been co-developed with Chinese firms or built with Chinese technology and expertise.

“This makes any engagement between India and Pakistan a de facto test environment for Chinese military exports,” said Sajjan Gohel, international security director at the Asia-Pacific Foundation, a think tank based in London.

Chinese and Pakistani militaries have also engaged in increasingly sophisticated joint air, sea and land exercises, including combat simulations and even crew-swapping drills.

“Beijing’s long-standing support for Islamabad – through hardware, training, and now increasingly AI-enabled targeting – has quietly shifted the tactical balance,” said Craig Singleton, a senior fellow at the US-based Foundation for Defense of Democracies.

“This isn’t just a bilateral clash anymore; it’s a glimpse of how Chinese defense exports are reshaping regional deterrence.”

That shift – brought into sharp focus by rising tensions between India and Pakistan following a tourist massacre in Kashmir – underscores a broader geopolitical realignment in the region, where China has emerged as a major challenge to American influence.

India and Pakistan have gone to war over Kashmir three times since their independence from Britain in 1947. During the height of the Cold War, the Soviet Union backed India, while the United States and China supported Pakistan. Now, a new era of great-power rivalry looms over the long-running conflict between the nuclear-armed South Asian rivals.

Despite its traditional policy of nonalignment, India has drawn ever closer to the US, as successive American administrations courted the rising South Asian giant as a strategic counterweight to China. India has ramped up arms purchases from America and its allies, including France and Israel, while steadily reducing its reliance on Russian weaponry.

Meanwhile, Pakistan has deepened ties with China, becoming its “all-weather strategic partner” and a key participant in Xi’s flagship global infrastructure project, the Belt and Road Initiative. According to SIPRI’s data, the US and China each supplied about one-third of Pakistan’s imported weapons in the late 2000s. But Pakistan has stopped buying American arms in recent years and increasingly filled its arsenal with Chinese weapons.

Siemon Wezeman, a senior researcher in the SIPRI Arms Transfers Program, noted that while China has been an important arms supplier to Pakistan since the mid-1960s, its current dominance largely comes from stepping into a vacuum left by the US.

More than a decade ago, the US accused Pakistan of not doing enough to fight “terrorists” – including Taliban fighters – that it said were operating from or being supplied in Pakistan. Wezeman said that added to Washington’s existing frustrations over Islamabad’s nuclear program and lack of democracy.

“(The US) finally found India as an alternative partner in the region. As a result, (it) more or less cut Pakistan off from US arms,” he added. “China’s arms supply on the other hand significantly increased – one can say that China used the opportunity to show itself as the only real friend and ally of Pakistan.”

China has expressed regret over India’s military strikes against Pakistan and has called for calm and restraint. Before the latest escalation, Chinese Foreign Minister Wang Yi expressed support for Pakistan in a phone call with his counterpart, calling China Pakistan’s “ironclad friend.”

Military showdown

With Pakistan armed largely by China and India sourcing more than half of its weapons from the US and its allies, any conflict between the two neighbors could effectively be a showdown between Chinese and Western military technologies.

After weeks of rising hostilities following the killing of 26 mostly Indian tourists at the hands of gunmen at a scenic mountain spot in Indian-administered Kashmir, India launched missile strikes early on Wednesday morning, targeting what it said was “terrorist infrastructure” in both Pakistan and Pakistan-administered Kashmir.

Many analysts believe the missiles and other munitions were fired by India’s French-made Rafale and Russian-made Su-30 fighter jets.

Pakistan, meanwhile, touted a great victory by its air force, claiming that five Indian fighter jets – three Rafales, a MiG-29 and a Su-30 fighter – were shot down by its J-10C fighters during an hour-long battle it claimed was fought by 125 aircraft at ranges over 160 kilometers (100 miles).

“(It) is now being characterized as the most intense air-to-air combat engagement between two nuclear-armed nations,” said Salman Ali Bettani, an international relations scholar at Quaid-i-Azam University in Islamabad. “The engagement represented a milestone in the operational use of advanced Chinese-origin systems.”

India has not acknowledged any aircraft losses, and Pakistan has yet to provide evidence to support its claims. But a French Defense Ministry source said at least one of India’s newest and most-advanced warplanes – a French-made Rafale fighter jet – was lost in the battle.

“If … confirmed, it indicates that the weapon systems at Pakistan’s disposal are, at the minimum, contemporary or current compared to what Western Europe (especially France) offers,” said Bilal Khan, founder of Toronto-based defense analysis firm Quwa Group Inc.

Despite the absence of official confirmation and hard proof, Chinese nationalists and military enthusiasts have taken to social media to celebrate what they see as a triumph for Chinese-made weapon systems.

Shares of China’s state-owned AVIC Chengdu Aircraft, the maker of Pakistan’s J-10C fighter jets, closed 17% higher on the Shenzhen exchange on Wednesday, even before Pakistan’s foreign minister claimed the jets had been used to shoot down India’s planes. Shares in the company rose an additional 20% on Thursday.

The J-10C is the latest version of China’s single-engine, multirole J-10 fighter, which entered service with the Chinese air force in the early 2000s. Featuring better weapon systems and avionics, the J-10C is classified as a 4.5-generation fighter – in the same tier as the Rafale but a rung below 5th-generation stealth jets, like China’s J-20 or the US F-35.

China delivered the first batch of the J-10CE – the export version – to Pakistan in 2022, state broadcaster CCTV reported at the time. It’s now the most advanced fighter jet in Pakistan’s arsenal, alongside the JF-17 Block III, a 4.5-generation lightweight fighter co-developed by Pakistan and China.

The Pakistan Air Force (PAF) also operates a larger fleet of American-built F-16s, one of which was used to shoot down a Soviet-designed Indian fighter jet during a flare-up in 2019.

But the PAF’s F-16s are still stuck in an early-2000s configuration – far behind the upgraded versions currently offered by the US – while the Chinese-made J-10CEs and JF-17 Block IIIs feature contemporary technologies such as active electronically scanned array (AESA) radars, Khan said.

“So, the F-16s are still a major piece to any PAF-led reprisal, but not the central or indispensable one,” he said.

Senior Col. (ret) Zhou Bo, senior fellow at Tsinghua University’s Center for International Security and Strategy in Beijing, said if Chinese-made J-10Cs were indeed used to shoot down the French-made Rafales, it would be “a tremendous boost of confidence in Chinese weapon systems.”

Zhou said it would “really raise people’s eyebrows” particularly given China has not fought a war for more than four decades. “It will potentially be a huge boost for Chinese arm sales in the international market,” he said.

‘A powerful advertisement’

The United States remains the world’s largest arms exporter, accounting for 43% of global weapons exports between 2020 and 2024, according to data from SIPRI. That’s more than four times the share of France, which ranks second, followed by Russia.

China ranks fourth, with nearly two-thirds of its arms exports going to a single country: Pakistan.

Khan, the defense analyst in Toronto, agreed the downing, if confirmed, would go a long way in promoting China’s defense industry saying there would likely be interest from “powers in the Middle East and North Africa” who typically can’t access “the most cutting-edge Western technology.”

“With Russia set back as a result of its invasion of Ukraine, I’m sure the Chinese have begun pushing hard at Moscow’s traditional markets – e.g., Algeria, Egypt, Iraq, and Sudan – to secure big-ticket sales.”

Experts in Pakistan and China say the J-10Cs deployed by the Pakistan Air Force are likely to have been paired with the PL-15, China’s most advanced air-to-air missile – which has a reported beyond-visual-range of 200-300 kilometers (120-190 miles). The known export version has a reduced range of 145 kilometers (90 miles).

Last week, amid spiraling tensions, the Pakistan Air Force released a three-minute video showcasing its warplanes. It featured the JF-17 Block III armed with PL-15 missiles, describing them as “PAF’s potent punch”.

“From China’s perspective, this is essentially a powerful advertisement,” Antony Wong Dong, a Macau-based military observer, said of the Pakistan claims.

“It will shock even countries like the United States — just how strong is its opponent, really? This is a question that all countries potentially looking to buy fighter jets, as well as China’s regional rivals, will need to seriously reconsider: how should they face this new reality?”

But some experts have expressed caution. India’s losses, if confirmed, could stem more from poor tactics and planning by the Indian Air Force than from the perceived advancements in Chinese weapons.

“If reports of India losing multiple jets holds up, it would raise serious questions about the IAF’s readiness, not just its platforms. The Rafales are modern, but warfighting is about integration, coordination, and survivability — not just headline acquisitions,” said Singleton, the analyst at the Foundation for Defense of Democracies.

What’s also not known is what intelligence India had on the PL-15.

If, for instance, it believed Pakistan only possessed the shorter-range export version, Indian aircraft might have lingered in vulnerable areas.

Rules of engagement may also have prevented Indian pilots from firing first, or firing back against Pakistani aircraft, according to Fabian Hoffman, a defense policy research fellow at the University of Oslo.

In such cases, Indian misjudgments may have made the Pakistani weaponry look more effective, Hoffman wrote on his blog.

Experts also note that India’s strikes successfully hit multiple targets in Pakistan – suggesting its missiles penetrated Pakistani air defenses, which are armed with Chinese surface-to-air missiles, including the long-range HQ-9B.

“If Chinese-origin radar or missile systems failed to detect or deter Indian strikes, that’s (also) bad optics for Beijing’s arms export credibility,” said Gohel, the defense expert in London.

This post appeared first on cnn.com

Russian President Vladimir Putin has taken center stage at Russia’s Victory Day parade on Friday, surrounding himself by friendly world leaders in a highly choreographed show designed to show the Western world that Russia is far from isolated.

Watching as thousands of troops marched across Moscow’s Red Square, Putin stood next to his guest of honor, the Chinese leader Xi Jinping.

The annual May 9 commemoration of the Soviet Union’s victory over Nazi Germany in World War II is one of the most important days in Putin’s calendar, and this year marks its 80th anniversary.

Traditionally, the day has been dedicated to the estimated 25 million to 27 million Soviet soldiers and civilians who died during the conflict. But since Russia launched its full-scale invasion of Ukraine in 2022, Victory Day has become more of a propaganda exercise, with Putin framing the war against Russia’s much smaller neighbor as a continuation of what Russians call the Great Patriotic War.

And while celebrations were muted in the past three years, Russia has not held back this time.

Putin and Xi were joined by scores of other world leaders, most of whom had the black and orange ribbon of Saint George pinned to their lapels. Many of them have also sent troops to march in the parade, alongside Russian servicemen.

The Russian military symbol dates back to imperial times, but it has become hugely controversial in recent years, having been coopted as a sign of support for Moscow’s aggression against Ukraine. It has been banned in a number of countries.

Brazil’s President Luiz Inácio Lula da Silva, the Egyptian President Abdel Fattah el-Sisi, Serbia’s President Aleksandar Vucic, Venezuela’s President Nicolas Maduro and Mahmoud Abbas, the President of the Palestinian Authority were all in attendance, marking a significant upgrade to last year’s guestlist which was limited to a handful of delegations from post-Soviet states, Cuba and a few other countries.

Robert Fico, the Prime Minister of Slovakia, a European Union member state, was also in Moscow on Friday. His appearance side by side with Putin was particularly significant given the EU’s tough stance against Russia over its aggression against Ukraine.

Unilateral ceasefire, breached multiple times

Last month, Putin declared a three-day unilateral ceasefire around the anniversary – an announcement that was promptly rejected by Ukraine.

“The Kremlin’s proposal for a three-day truce is not about peace, but about ensuring the safe conduct of the parade in Moscow. This is political manipulation,” Andriy Yermak, the head of the Ukrainian Presidential Office, said in a statement on Thursday.

Kyiv said that if Russia wanted a truce, it should sign up to the US proposal for a 30-day ceasefire that Ukraine has already agreed to. Russia has repeatedly refused this offer, despite multiple high-profile meetings with top US officials.

Kyiv said on Thursday that Russia had breached the ceasefire hundreds of times since it came into effect. Several civilians were killed and injured in guided bomb attacks against Ukrainian cities, Kyiv said.

Kyiv is openly indifferent to the smooth-running of Putin’s parade, saying that it “cannot be responsible for what happens on the territory of the Russian Federation” because of the war. Ukrainian President Volodymyr Zelensky said his country would not be “playing games to create a pleasant atmosphere to allow for Putin’s exit from isolation on May 9.”

In the run-up to the parade, Ukraine launched several drone attacks against the Russian capital, with authorities forced to shut down all four Moscow airports on Wednesday.

Estonia, Latvia and Lithuania also threw in some logistical complications for international parade-goers, shutting their airspaces to diplomatic planes traveling to Moscow. Several pro-Kremlin leaders were forced to reroute their journeys to Moscow to circumvent the Baltic states.

“In Latvian society, there is a clear and principled understanding that Russian propaganda and glorification of war crimes cannot be supported or encouraged … given this context, Latvia cannot grant diplomatic overflight permits for flights facilitating participation in the 9 May event,” the Latvian Foreign Ministry said in a statement on Thursday.

Slovak Prime Minister Robert Fico, one of the leaders affected by the closures, criticized the move, saying on Wednesday that it was “extremely disruptive.”

Serbian President Aleksandar Vucic was also forced to re-route after the Baltic states said he wouldn’t be allowed to enter their airspace. According to Serbian media, he ended up flying via Baku in Azerbaijan.

This post appeared first on cnn.com

For the first time in history, the majority of humans live in cities — spaces often defined by concrete, glass and a disconnect from the natural world. Access to nature is no longer guaranteed.

In 2020, Miles founded Nature Is a Human Right, a campaign advocating for daily access to green spaces to be recognized in the Universal Declaration of Human Rights. Frustrated by the slow pace of institutional change, Miles says she “lost faith in the top-down process.” So she took matters into her own hands. Her weapon? Not protest banners or petitions, but seeds and shovels.

She became a so-called guerrilla gardener — “Grassroots planting in a public place, with a purpose,” Miles explains. “Think of it like graffiti, but with wildflowers instead of spray paint.” This form of urban activism involves transforming neglected or overlooked spaces — cracks in pavements, roadside verges, abandoned lots — into mini-oases for people, pollinators and biodiversity.

What began during the Covid pandemic — when parks were shut and access to green space became scarce — grew into a weekly ritual. Miles and her neighbors would meet on Sunday mornings, armed with bulbs and trowels, planting in overlooked corners of the London Borough of Hackney.

Guerrilla gardening

In the UK, guerrilla gardening occupies a legal gray area: while planting on public land without permission is not technically lawful, authorities often turn a blind eye — so long as it doesn’t cause damage, obstruction or a public nuisance.

According to the Royal Horticultural Society, guerrilla gardeners should ensure their planting doesn’t inconvenience others and be careful to not restrict public access or create trip hazards. It’s also important that anything planted is removable, and that the roots won’t cause structural damage to sidewalks and buildings.

Guerrilla gardening dates back to the 1970s, when the Green Guerrillas, founded by Liz Christy in the US, transformed vacant lots into community gardens. The movement has since spread worldwide, from Ron Finley, the “Gangsta Gardener” in Los Angeles, to Ta Mère Nature in France, and the Ujamaa Guerrilla Gardening Collective in South Africa.

Miles has brought the underground movement into the spotlight on TikTok and other social media. Her upbeat videos demystify the process, showing everything from creating seed bombs to planting moss graffiti — a form of street art where living moss is used to create patterns or words on walls. “I wasn’t a gardener. I was learning as I went along,” she admits. “But I just wanted the streets to be greener.”

As Miles’ seeds grew, so did her online following. “Young people today are very awake to issues like climate change, inequality, and mental health,” Miles says. “Guerrilla gardening intersects with all of that. It’s something you can do with your own two hands and see the impact immediately.”

“A lot of activism can feel intangible,” she adds. “With guerrilla gardening, you see the results. It’s empowering.”

And it’s more than just symbolic: “It’s been shown that having access to green spaces is as vital to your mental and physical health as regular exercise and a healthy diet,” says Miles. “We need it around us. We need the phytoncides (compounds plants release into the air) that plants produce. The experience of having plants around us calms us.”

A study of 20,000 participants by the UK’s University of Exeter found that people who spent at least 120 minutes a week in green spaces reported significantly better physical health and psychological well-being than those who didn’t. For young children, access to green spaces has been linked to reduced hyperactivity and improved attention spans. Communities can benefit too: a US study showed that greening vacant lots can lead to lower crime rates.

Miles’ message is simple: anyone can get involved. “It’s spring now,” she continues. “Find native wildflowers, scatter them when it’s raining then you won’t even have to water them.” For those who want to go further, Miles has written a book on the subject and teaches a free four-week online course through the nonprofit Earthed, which has attracted over 300 participants. She advises gardening as a group — community is key.

Her vision is bold but refreshingly practical: “Why aren’t all our sidewalks lined with hedges?” says Miles. “Our buildings could be covered in plants. Our rooftops and bus stops could be buzzing with flowers. It’s a no-brainer.”

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Two men have been found guilty of criminal damage for felling a landmark sycamore tree in northern England.

Daniel Graham, 39, and Adam Carruthers, 32, were each found guilty of two counts of criminal damage, one relating to the tree and the other to Hadrian’s Wall that the tree fell on, according to the UK’s PA Media news agency on Friday.

The verdict was handed down following a trial at Newcastle Crown Court in northeast England. Both men will be sentenced on July 15.

The tree had stood sentinel on Britain’s Roman-built Hadrian’s Wall for more than 200 years before being “deliberately felled” in September 2023 in what authorities at the time called an “act of vandalism.”

The sycamore tree, located in the Northumberland National Park in northern England, was made famous to millions around the world when it appeared in Kevin Costner’s 1991 blockbuster movie “Robin Hood: Prince Of Thieves.”

The tree – at a spot known as “Sycamore Gap” – was located on the historic UNESCO World Heritage listed Hadrian’s Wall, which was constructed around 1,900 years ago to guard the furthest northwestern frontier of the Roman Empire.

During the trial, prosecutor Richard Wright KC said the felling was an act of “mindless vandalism.” He detailed how the two men drove 30 miles (48 kilometers) at night to reach the tree before one cut it down while the other filmed it.

The jury determined Graham and Carruthers caused £622,191 (about $826,000) of criminal damage to the tree and £1,144 ($1,500) of damage to Hadrian’s Wall, according to PA Media.

Jurors heard how the two men sometimes worked together and had experience of cutting down large trees. Although originally the “best of pals,” the two defendants now appear to have fallen out and their friendship has “unravelled,” the court was told.

During testimony, Graham told the court that Carruthers had told him that the tree “was the most famous tree in the world” and had spoken about cutting it down, reports PA Media.

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Ukraine said Friday it had exposed a network of Hungarian spies trying to obtain defense secrets in a border region of Ukraine – the first time it said such an operation has been discovered.

The Security Services of Ukraine (SBU) said it had detained two Hungarian special services agents, whom it claims were reporting to a handler in Hungarian military intelligence and were looking for ground and air defense vulnerabilities in the southwestern Zakarpattia region, which borders Hungary.

“Comprehensive measures are currently underway to bring all members of the Hungarian intelligence network to justice,” said the statement.

Hungary responded to the arrests by expelling two of the staff at the Ukrainian embassy in Budapest.

Hungarian Foreign Minister Peter Szijjarto said on his Facebook page that two spies who had been working “under diplomatic cover” at the embassy were ordered to leave.

Ukraine and Hungary are at odds over the conflict between Ukraine and Russia and Ukrainian accession to the European Union. Hungary has also criticized European sanctions against Moscow.

The Hungarian government has also frequently complained that the ethnic Hungarian minority in Zakarpattia is discriminated against.

“The past three years have shown that the war in Ukraine is being fought not only on the battlefield, but also in the information space. Anti-Hungarian propaganda is often used without any factual basis,” Szijjarto said in a post on X in response to the arrests.

Speaking to reporters, Szijjarto said: “If we receive any details or official information, then we will be able to deal with this. Until then, I must classify this as propaganda that must be handled with caution.”

“We will not tolerate smear campaigns against Hungary and the Hungarian people,” he said, before alleging that “anti-Hungarian propaganda has intensified,” since the start of the war.

“We haven’t let Hungary be dragged into this war — and we won’t. That’s exactly why we keep being targeted,” Szijjarto said.

Ukraine’s SBU said the Hungarian spies were tasked with gathering information about the military security and studying the views of residents and “behavior scenarios” if Hungarian troops entered Zakarpattia.

The SBU alleged that one man from Berehove in Zakarpattia was recruited in 2021 and “activated” last September. It accused him of collecting information on the location of Ukrainian defense systems, including its S-300 anti-aircraft missile system in the region.

It also alleged he had attempted to recruit two other men as he tried to establish a “network of informants.”

The second person detained, a woman who left her unit in Ukraine’s Security and Defense Forces this year, had been tasked with informing the Hungarian special services about the defense systems of her unit and informing on the presence of aircraft and helicopters in the Zakarpattia region, the SBU claimed.

The Zakarpattia region stayed part of Ukraine after the breakup of the Soviet Union. The region was once part of the former Kingdom of Hungary and later Czechoslovakia.

According to a census in 2001, just over 150,000 ethnic Hungarians lived in the region, but the number is widely thought to have declined since then. Last year, representatives of the Hungarian-speaking community criticized a draft Ukrainian law that would have restricted the use of Hungarian in schools by allowing it to be used only in classroom activities and not outside classroom settings.

The two countries had disagreements over Hungary’s 2011 decision to relax its naturalization procedures and allow anyone who can speak Hungarian and has Hungarian ancestry to gain citizenship – even if they have never stepped a foot in the country. Tens of thousands of Ukrainians were granted Hungarian passports since then, despite Ukraine not allowing dual citizenship.

Hungarian Prime Minister Viktor Orban has opposed Ukraine’s accession to the EU in part because of claims that ethnic Hungarians in western Ukraine face discrimination.

Orban has remained on good terms with Moscow throughout the conflict and has opposed the growing raft of EU sanctions against Russia as well as EU aid packages for Ukraine.

On Wednesday, Orban said EU President Ursula von der Leyen “wants to pour further billions into Ukraine, pull Europe further into a losing war, and rush a bankrupt state into the EU.”

“Hungary won’t go along with this,” he said.

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The Department of Justice has opened a criminal investigation into New York Attorney General Letitia James, Fox News has learned.

A source familiar with the matter confirmed that a grand jury in the Eastern District of Virginia sent out subpoenas related to accusations that James misrepresented a single-family home in Virginia as her primary residence to obtain more favorable loan terms.  

News of the federal probe follows a criminal referral from the Trump administration’s Federal Housing Finance Agency Director William Pulte, who requested the DOJ investigate James over that matter and another incident in which she allegedly misrepresented the number of livable units in a multifamily Brooklyn house to once again obtain better loan terms. 

‘These baseless and long-discredited allegations, put to rest by my April 24 letter to the Department of Justice, are suddenly back in the news just days after President Trump publicly attacked Attorney General James,’ James’ attorney, Abbe Lowell, said Thursday. 

‘This appears to be the political retribution President Trump threatened to exact that AG Bondi assured the Senate would not occur on her watch. If prosecutors are genuinely interested in the truth, we are prepared to meet false claims with facts.’

After Pulte’s criminal referral was sent to the Justice Department, specifically U.S. Attorney General Pam Bondi, Lowell followed up with his own letter to Bondi and the Justice Department, accusing the president of seeking ‘political retribution.’ 

James has been part of a group of Democratic attorneys general who have sued to halt many of Trump’s orders during his first few months in the Oval Office. 

Additionally, James was the catalyst behind Trump becoming the first U.S. president sentenced as a felon. She was the lead prosecutor in a case she brought against Trump and the Trump Organization that alleged Trump and his company falsified business records to obtain more favorable loan terms.

Trump was convicted on 34 felony counts of falsifying business records and was ordered to pay $350 million in penalties and is appealing the conviction.

‘The stunning hypocrisy of President Trump’s complaint that the Justice Department had been ‘politicized’ and ‘weaponized’ against him is laid bare as he and others in his administration are now asking you to undertake the very same practice,’ Lowell wrote in his letter to Bondi.

Lowell, in his letter, pointed to instances when Trump has called for revenge and instances when the president has personally attacked James. 

Lowell also responded to the allegations, including the claim James listed a home in Virginia as her primary residence while serving as a state official in New York. According to Lowell, James had no intention of using the property as a primary residence, and her indication of this in a power-of-attorney letter was a mistake. Lowell pointed out there were other documents in which James indicated to her lender that the Virginia home would not be her primary residence. 

James is also accused of fraud for allegedly inflating the number of livable units in a multifamily Brooklyn home to receive better interest rates. Lowell accuses Pulte of disregarding updated documentation listing the residence as a four-unit multifamily residence and instead pointing to a certificate of occupancy from 2001. 

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President Donald Trump said he does not know his new nominee for U.S. surgeon general, telling reporters Thursday that he relied upon the recommendation of Health and Human Services Secretary Robert F. Kennedy Jr.

Trump withdrew the nomination of his first pick for surgeon general, Dr. Janette Nesheiwat, this week and instead nominated Dr. Casey Means. The president, upon announcing her nomination, said she has ‘impeccable ‘MAHA’ credentials.’ 

When asked Thursday about Means and why he tapped her for the role, the president said Kennedy recommended her. 

‘Because Bobby thought she was fantastic, brilliant woman who went through Stanford — wanted to be academic instead of physician,’ the president said. 

‘I don’t know her, I listened to Bobby,’ Trump added. ‘I think she’ll be great.’ 

Means, a vocal ‘Make America Healthy Again’ proponent, played a significant role in helping shape the administration’s agenda surrounding health alongside her brother, Calley Means. 

She has made a name for herself as a wellness influencer alongside her brother. In 2024, both Casey and Calley co-wrote a book about the chronic disease epidemic titled ‘Good Energy,’ and Casey is also the co-founder of a health-tech company called Levels.

Calley Means was previously tapped by the administration to serve as a top special advisor to Kennedy. 

It is unclear why Nesheiwat’s nomination was pulled. Fox News Digital reached out to the White House for more information and did not immediately receive a response. 

Meanwhile, in a follow-up post on X, Nesheiwat also said she was ‘looking forward’ to continuing to support Trump while working closely with Kennedy ‘in a senior policy role.’ 

‘My focus continues to be on improving the health and well-being of all Americans, and that mission hasn’t changed,’ Nesheiwat concluded in her public social media remarks.  

Nesheiwat is the sister-in-law of recently fired National Security Advisor Michael Waltz, whom the president indicated he will now be nominating to be the next ambassador to the United Nations after dropping his initial nominee, New York GOP Congresswoman Elise Stefanik. 

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