AFP

Rescuers gather body parts after Italy glacier collapse

Emergency services at the scene of a deadly avalanche in the Italian Dolomites recovered what body parts they could on Tuesday, with the dangers of venturing under the partially collapsed glacier slowing the search.

Rescue teams sent helicopters and drones up for a second day after Sunday’s disaster, which saw at least seven hikers killed when a section of the country’s largest Alpine glacier gave way, sending ice and rock hurtling down the mountain.

Italy has blamed the collapse on climate change and fears more of the glacier could come crashing down have prevented access to much of the area where hikers, some roped together, are believed to be buried.

Authorities had declared 14 people missing but revised that number down to five on Tuesday, after managing to trace some of those unaccounted for.

They had stressed from the start that the exact number of climbers at the scene when the avalanche hit was unknown.

“Operations on the ground will only be carried out to recover any remains discovered by the drones, to ensure rescuers’ safety,” the Trentino Alpine Rescue Service said Tuesday.

Experts were surveying the area to determine how best to enable teams with sniffer dogs to get out onto the site safely on Wednesday or Thursday, the Service’s national chief Maurizio Dellantonio told AGI news agency.

Relatives of people reported missing gathered at the town of Canazei, where recovered remains were placed in a make-shift morgue at a gymnasium.

“The important finds, not just bones, are first photographed, then recovered and put onto a helicopter” and flown to Canazei to be “catalogued and placed in cold storage”, Dellantonio said.

Such finds were “bones that have not been flayed, a piece of hand with a ring, tattoos, anything that can enable a person to be identified”, including shoes, backpacks and ice-picks.

– Still hope for survivors –

Helicopter pilot Fausto Zambelli told journalists some belongings had been spotted from the air, but it was not yet clear “if that means there are victims there, or if they belong to old hiking expeditions”.

He said hope of finding survivors under the ice was slim, but not entirely gone.

“If there are ‘pockets’ (of air), there’s still hope. Time is obviously short, but we still hope to find someone alive”.

The disaster struck one day after a record-high temperature of 10 degrees Celsius (50 degrees Fahrenheit) was recorded at the summit of Marmolada, the highest mountain in the Italian Dolomites.

Italy’s President Sergio Mattarella said the collapse was “symbolic of the many tragedies that ungoverned climate change is causing in so many parts of the world”.

One of the bodies recovered belonged to a Czech who was travelling with a friend now registered as missing, the Czech foreign ministry told AFP.

The Trento public prosecutor’s office has opened an investigation to determine the causes of the tragedy.

The glacier, nicknamed “queen of the Dolomites”, feeds the Avisio river and overlooks Lake Fedaia in the autonomous Italian province of Trento.

According to a March report by the UN Intergovernmental Panel on Climate Change (IPCC), melting ice and snow is one of 10 major threats caused by global warming, disrupting ecosystems and infrastructure.

Euro slumps as recession risk stalks eurozone

The euro on Tuesday slumped to its lowest level since 2002 and European stock markets sank as growing recession risks sent shockwaves around the region.

The shared currency fell as low as $1.0261, threatening a push towards dollar parity.

It also dived as investors eyed aggressive interest rate hikes by the US Federal Reserve in its fight against inflation, in contrast with the European Central Bank, seen as planning more modest increases.

The pound also slumped to a two-year low below $1.20.

Stock indices in Frankfurt, London and Paris shed more than two percent in afternoon trading on heightened fears of a prolonged economic downturn across Europe.

Economic growth in the eurozone floundered in June, a key survey showed Tuesday, hit by soaring consumer prices.

S&P Global’s closely-watched monthly purchasing managers’ index (PMI), which measures corporate confidence, fell to 52.0 in June from 54.8 in May.

Nevertheless, the reading, which was a 16-month low, remains above the 50-point level signalling expansion.

“Growing fears of a recession are hammering the euro lower, whilst the dollar is soaring on bets that the Fed will keep hiking rates aggressively to tame inflation,” City Index analyst Fiona Cincotta told AFP.

“Today’s PMI data from Europe have highlighted the risk of slowing growth at the end of the second quarter and raise the prospect of a contraction in activity in the coming months.”

Walid Koudmani, chief market analyst at XTB, said “the ECB is caught between a rock and a hard place as it needs to raise interest rates to tackle inflation and boost its currency while simultaneously supporting struggling economies which are just recovering after two years of pandemic related issues.”

By contrast, most Asian stock markets closed higher on growing speculation that US President Joe Biden is about to roll back some of the Trump-era tariffs on Chinese goods.

Such speculation failed to boost Wall Street, with the Dow slumping 1.5 percent in opening trading as US investors came back from a three-day holiday weekend.

The mood on trading floors has become increasingly gloomy in recent months as observers warn that sharp interest rate hikes aimed at curbing price rises could cause a contraction, compounding uncertainty caused by Russia’s war in Ukraine.

Investors were keeping tabs also on fresh Covid outbreaks in China that have triggered city-scale lockdowns.

Oil prices slumped more than five percent as recession worries outweighed supply concerns.

– Key figures at around 1330 GMT –

Euro/dollar: DOWN at $1.0263 from $1.0431 Monday

Pound/dollar: DOWN at $1.1945 from $1.2116

Euro/pound: DOWN at 85.92 pence from 86.09 pence

Dollar/yen: UP at 135.83 yen from 135.69 yen

London – FTSE 100: DOWN 2.2 percent at 7,074.46 points

Frankfurt – DAX: DOWN 2.6 percent at 12,448.15

Paris – CAC 40: DOWN 2.6 percent at 5,802.75

EURO STOXX 50: DOWN 1.8 percent at 3,406.91

New York – Dow: DOWN 1.5 percent 30,637.91

Tokyo – Nikkei 225: UP 1.0 percent at 26,423.47 (close)

Hong Kong – Hang Seng Index: UP 0.1 percent at 21,853.07 (close)

Shanghai – Composite: FLAT at 3,404.03 (close)

Brent North Sea crude: DOWN 5.6 percent at $106.93 per barrel

West Texas Intermediate: DOWN 5.1 percent at $102.91 per barrel

burs-rl/ri

Ukraine, allies map out road to reconstruction

Ukraine and its allies agreed Tuesday to a set of principles for rebuilding the war-torn country, including the need for broad reforms to boost transparency and root out corruption.

Wrapping up a two-day conference in the southern Swiss city of Lugano, leaders from some 40 countries signed the Lugano Declaration committing to support Ukraine through a likely long and expensive recovery.

Ukrainian President Volodymyr Zelensky warned from Kyiv that the work ahead was “colossal”, and the duty of the “whole democratic world”.

His prime minister, Denys Shmyhal, who led a large delegation to Lugano, cautioned  that recovery from the massive destruction wrought since Russia’s full-scale invasion just four months ago would cost at least $750 billion.

He said the adoption of the declaration and of a set of seven founding principles for Ukraine’s reconstruction “gives great hope”.

“We shall be victorious, we will renew our country,” he told reporters. “We have to make everything that was destroyed better than it was.”

Swiss President Iganzio Cassis, who co-hosted the conference, hailed the declaration as a “key first step on the long road of Ukraine’s recovery”.

“Our work prepares for the time after the war even as the war is still raging,” he told the closing ceremony following a minute of silence for that war’s many victims. 

– ‘Make corruption impossible’ –

Among the principles agreed upon Tuesday was that Ukraine itself must be in the driving seat on how to rebuild, and also that the recovery process must go hand-in-hand with far-reaching reforms.

“The rule of law must be systematically strengthened and corruption eradicated,” the document said.

With billions of dollars in aid and assistance flowing into Ukraine, lingering concerns about widespread corruption have driven calls Kyiv to do more to ensure transparency and accountability.

The former Soviet state has long been ranked among the world’s most corrupt countries by Transparency International. In Europe, only Russia and Azerbaijan ranked worse.

Shmyhal insisted Tuesday that Ukraine had already taken great strides to fix the problem, including by broad digitalisation of public services and the awarding of contracts in sectors like construction, to reduce “human interaction” and the possibilities for corrupt transactions.

The goal, he said, is “not to fight corruption, but make corruption impossible.”

As for who will pay for the towering costs, Shmyhal suggested much of this amount could be covered using seized Russian assets. He pointed out that such assets frozen by Ukraine’s partners so far amounted to $300-500 billion.

“Unprovoked aggression should be paid by the aggressor,” he said. “Russia should pay for this.”

At his side, the Swiss president, whose country has long been a choice destination for Russian oligarchs to invest and stash away their fortunes, stressed the importance of respecting property rights and the rule of law.

Shmyhal on Monday laid out the government’s three-phase reconstruction plan, focused on the immediate needs of those affected by the war, followed by the financing of thousands of longer-term reconstruction projects, and ultimately on transforming Ukraine into a European, green and digital country.

To push the message, a number of ministers, as well as First Lady Olena Zelenska, also spoke Monday to lay out the massive reconstruction needs, as well as their vision for a new Ukraine. 

– ‘For the long-haul’ –

The Ukrainians have proposed that allied countries “adopt” specific regions of Ukraine, and lead the recovery there to render it more efficient.

Britain has proposed taking on the Kyiv region, while France would concentrate on the heavily-hit Chernihiv region. Australia and Denmark are also among countries that have voiced interest in leading specific reconstruction efforts.

“We understand that this is for the long-haul, and we are ready,” high-level French diplomat Francois Delattre told AFP.

Lugano was seen as a first step towards the rebuilding of Ukraine, and there are already several follow-up conferences planned, with one led by the EU in a few months.

London has agreed to host a Ukraine Recovery Conference next year, while Germany has said it can host the 2024 edition.

“I am confident that in a year we will no longer talk about a draft plan, but about results, successful projects and realised opportunity,” Shmyhal said.

Fighting rages in eastern Ukraine as NATO pushes expansion

Fighting raged on Tuesday in and around Ukraine’s eastern Donbas region as Russian troops tried to build on recent battlefield gains, while NATO pressed ahead with Finland and Sweden’s momentous membership bids.

With the war well into its fifth month, Kyiv’s allies committed on Tuesday to supporting Ukraine through what is likely to be a lengthy and expensive recovery, agreeing on the need for broad reforms to boost transparency and tackle corruption.

The two days of talks in the Swiss city of Lugano heard that rebuilding the war-ravaged country is estimated to cost at least $750 billion.

But on the battlefield the conflict continued to wreak devastation, with the Ukrainian president’s office reporting Russian shelling and missile strikes in several regions overnight.

Kremlin forces were pounding their next key target, the city of Sloviansk in Donetsk, with “massive” shelling, the city’s mayor said on Tuesday. 

At least two people were killed and seven others wounded in strikes that targeted the city’s central market, authorities said.

Donetsk is the southwestern half of the Donbas which, unlike the northeastern half — Lugansk –, has not been almost entirely captured by Russia.

Russian bombardments have killed at least six people and injured another 19 since Sunday in Sloviansk, which had a pre-war population of around 100,000. 

In Moscow, the defence ministry reported that Russian forces had targeted the city of Kharkiv with “high-precision” weapons over the past 24 hours, killing up to 150 Ukrainian servicemen.

Russia also said it was investigating the torture of Russian soldiers held prisoner in Ukraine that were recently released as part of a prisoner swap. 

– ‘Fighting continues’ –

In Brussels, NATO Secretary General Jens Stoltenberg and the foreign ministers of Sweden and Finland hailed Tuesday as “historic” when they kicked off accession procedures for the two countries that will expand the military alliance to 32 members.

“The membership of both Finland and Sweden will not only contribute to our own security but to the collective security of the alliance,” said Finland’s Pekka Haavisto, after protocols were signed launching the required ratification process.

Sweden and Finland both announced their intention to drop decades of military non-alignment and become part of NATO in the wake of Russia invading Ukraine in February.

After abandoning its initial war aim of capturing Kyiv following tough Ukrainian resistance, Russia has since focused its efforts on securing control of the Donbas.

Ukraine said its forces were still defending “a small part” of Lugansk province, despite Moscow saying its troops were now in full control there after capturing the strategic city of Lysychansk, near the border with Donetsk.

The fall of Lysychansk on Sunday, a week after the Ukrainian army also retreated from the neighbouring city of Severodonetsk, frees up Russian forces to advance on Kramatorsk and Sloviansk in Donetsk.

“Fighting continues on the administrative borders of the region,” the Ukrainian president’s office said on Tuesday.

In a sign Moscow was trying to consolidate supply lines for its ongoing push, Ukraine’s armed forces said Russian troops in Lugansk were “taking measures” to restore transport infrastructure behind the fighting lines.

– ‘Provocations’ –

Russian forces heading west were also closing in on the small city of Siversk — which lies between Lysychansk and Sloviansk — after days of shelling there.

Two Ukrainian Red Cross minibuses were heading there to evacuate willing civilians, according to AFP reporters on the ground.

To the southwest, in the Moscow-occupied Kherson region, Russia’s troops were deploying helicopters and various artillery to try to stem Ukrainian counter-attacks.

“Ukrainian aviation and missile and artillery units continue to strike enemy depots and invaders’ concentrations, in particular in the Kherson region,” Ukraine’s armed forces said.

The intensifying battles in southern Ukraine come as Kremlin-installed authorities in Kherson announced that an official from Russia’s powerful FSB security services had taken over control of the regional government there. 

Kherson city, which lies close to Moscow-annexed Crimea, was the first major city to fall to Russian forces in February. 

Moscow has since launched a campaign of so-called Russification, trying to introduce the ruble, giving out Russian passports and opening a first Russian bank at the end of June.

Ukrainian President Volodymyr Zelensky has been reiterating calls for more weapons from the West so Kyiv can keep up the resistance and its counter-offensives to regain lost territories.

Appearing by video on Tuesday at an annual forum hosted by The Economist magazine, he predicted Belarus — an ally of Moscow — would not be drawn into the war but “provocations” by its northern neighbour was likely to continue.

Belarusian leader Alexander Lukashenko said on Saturday his army had intercepted missiles fired at his country by Ukrainian forces last week.

Meanwhile, as the meeting of Ukraine’s allies in Switzerland ended, leaders from some 40 countries signed the Lugano Declaration pinpointing principles for rebuilding Ukraine.

“Our work prepares for the time after the war even as the war is still raging,” said Swiss President and co-host Ignazio Cassis.

Maryna Viazovska, Ukrainian Fields winner 'changed forever' by war

Ukrainian maths professor Maryna Viazovska, who on Tuesday won the top mathematics prize, the Fields Medal, said her life “changed forever” when Russia invaded her home country.

The 37-year-old’s parents and sisters were living in Ukraine’s capital, Kyiv, when the war began in February.

“I could not think of anything else, including mathematics,” she in a video as she received the prize at a ceremony in Helsinki. 

Her sisters — along with her young nephew and niece — were evacuated from Kyiv and are now staying with her in Switzerland, where she works at the Ecole Polytechnique Federale de Lausanne.

Viazovska and three other mathematicians received the Fields Medal, dubbed the Nobel prize in maths, in Helsinki after the ceremony was moved from Saint Petersburg to the Finnish capital in response to Moscow’s war.

She is only the second woman to receive the award, which is awarded to mathematicians under 40, since it was created in 1936. 

The other female laureate, Iran’s Maryam Mirzakhani, died of breast cancer in 2017 just three years after winning the prize.

– ‘Terrible war’ –

Viazovska was born in 1984 in Kyiv, when Ukraine was part of the Soviet Union.

In Ukraine, she studied at the Taras Shevchenko National University of Kyiv, before earning a masters degree at Germany’s University of Kaiserslautern and a PhD at the University of Bonn.

Since 2018, she has been chair of number theory at the Ecole Polytechnique Federale de Lausanne. Her husband Daniil Evtushinsky is a physicist at the Swiss institute.

In the first days of the war, teaching maths to students “helped me to forget about this fear and pain inside myself”, she said.

At the ceremony she paid tribute to Yulia Zdanovska, a 21-year-old mathematician who was killed by a Russian missile attack on the Ukrainian city of Kharkiv in March.

“Yulia was a person filled with light and her big dream was teaching mathematics to kids in Ukraine,” Viazovska said.

“When young people die you think, ‘What is the point of my work as a teacher if young, talented people are just wasted in this terrible war?'”

– 13 years to find ‘magic formula’ –

She won the Fields Medal for her work on sphere packing, which has plagued mathematicians for hundreds of years.

It fundamentally involves how to put spheres in a container in the most compact way. 

According to legend, it was first a question of how many cannonballs could be packed into a ship, Viazovska said.

After hundreds of years, mathematicians had solved the problem in three dimensions, which involved stacking them in a pyramid, like oranges at a supermarket.

But expanding the theory out into other dimensions — possible in mathematics — had proved elusive.

Viazovska however worked on the problem from 2003 to 2016 and found a “magic formula” that solved the problem in dimensions eight and 24, she said.

“Maryna pulled off something really miraculous here,” mathematician Henry Cohn of MIT told the ceremony. “As soon as this paper became available, everyone was astonished by it.”

Philippe Moustrou of France’s Toulouse University told AFP that it was “not as if she found something that was just waiting to be discovered — she found the extra ingredient”.

But Viazovska’s thoughts remain with the war — and the hopeful return of a peace she once took for granted.

“The thing I like about Kyiv the most are the green parks, the quiet places and the ancient churches. I understand that now there will be marks of war there and this is a scary thought,” she said.

“But Kyiv is one of the eternal cities. One day soon, I hope to return.”

Fighting rages in eastern Ukraine as NATO pushes expansion

Fighting raged Tuesday in and around Ukraine’s eastern Donbas region as Russian troops tried to build on recent battlefield gains, while NATO pressed ahead with Finland and Sweden’s historic membership bids.

With the war now well into its fifth month, Kyiv’s allies committed Tuesday to support Ukraine through what is expected to be a long and expensive recovery, and agreed on the need for broad reforms to boost transparency and battle corruption.

The talks in Switzerland heard that the rebuilding of war-shattered Ukraine is estimated to cost at least $750 billion.

But on the battlefield the conflict continued to wreak devastation, with Ukraine’s presidency reporting Russian shelling and missile strikes in several regions overnight.

In Moscow, the defence ministry reported that over the past 24 hours, Russian forces have targeted the city of Kharkiv with “high-precision” weapons killing up to 150 Ukrainian servicemen.

The attack followed shelling in Donetsk, which Russian President Vladimir Putin on Monday ordered his troops to continue assaulting as they bid to take total control of the Donbas.

In Brussels, NATO chief Jens Stoltenberg announced the process to ratify Sweden and Finland as the newest members of the military alliance had formally launched.

“With 32 nations around the table, we will be even stronger and our people will be even safer as we face the biggest security crisis in decades,” he said in a joint press statement with the Swedish and Finnish foreign ministers.

Sweden and Finland both announced their intention to drop decades of military non-alignment status and become part of NATO in the wake of Russia’s invasion of Ukraine in February.

– ‘Fighting continues’ –

After abandoning its initial war aim of capturing Kyiv following tough Ukrainian resistance, Russia has focused its efforts on securing control of the Donetsk and Lugansk areas which make up the Donbas region.

Ukraine said its forces were still defending “a small part” of Lugansk province — the northeastern portion of the Donbas — despite Moscow claiming that its troops were now in full control there.

Russia on Sunday captured the strategic city of Lysychansk, near the border between Lugansk and Donetsk, after the Ukrainian army said it had retreated to save  lives among outnumbered and outgunned forces.

Lysychansk’s fall — one week after the army also retreated from the neighbouring city of Severodonetsk — frees up Russian forces to advance on Kramatorsk and Sloviansk in Donetsk.

“Fighting continues on the administrative borders of the region,” the Ukrainian presidency said Tuesday.

In a sign Moscow was trying to consolidate supply lines for the next push, Ukraine’s armed forces said Russian forces in Lugansk were “taking measures” to restore transport infrastructure behind the fighting lines.

In Sloviansk, about 75 kilometres (45 miles) west of Lysychansk in Donetsk, the situation was calm mid-morning Tuesday, while artillery fire could heard outside the city, AFP reporters on the ground noted.

Further east, Russian forces were closing in on the small city of Siversk — the first on the road from Lugansk —  after days of shelling.

Two Ukrainian Red Cross minibuses were headed there to evacuate willing civilians, according to AFP reporters.

– ‘Accountable’ –

To the southwest in the Moscow-occupied Kherson region, Russia’s troops were deploying helicopters and various artillery to try to stem Ukrainian counter-attacks.

“Ukrainian aviation and missile and artillery units continue to strike enemy depots and invaders’ concentrations, in particular in the Kherson region,” Ukraine’s armed forces added.

The intensifying battles in southern Ukraine come as Kremlin-installed authorities in Kherson announced that an official from Russia’s powerful FSB security services had taken over control of the government there. 

Kherson city, which lies close to Moscow-annexed Crimea, was the first major city to fall to Russian forces in February. 

Moscow has since launched a campaign of so-called Russification, trying to introduce the ruble, giving out Russian passports and opening a first Russian bank at the end of June.

Ukrainian President Volodymyr Zelensky on Monday reiterated calls for an increased supply of weapons from the West so Kyiv can keep up the resistance and its counter-offensives to regain lost territories.

At the meeting of Ukraine’s allies in Lugano he also urged the democratic world to unite in rebuilding his country.

Leaders from dozens of countries, international organisations and businesses signed off Tuesday on a declaration spelling out the principles and priorities of the reconstruction effort.

Prime Minister Denys Shmyhal told the recovery conference the estimated $750 billion recovery bill should in part be funded by the confiscated assets of Russia and Russian oligarchs.

“The Russian authorities unleashed this bloody war. They caused this massive destruction, and they should be held accountable for it,” he said.

French music streamer Deezer flops at stock market debut

French music streaming service Deezer’s shares failed to strike the right note with investors at its Tuesday launch on the Paris stock market, plunging in morning trading by over 35 percent.

The steep fall — as low as 5.52 euros ($5.70) before a slight rebound — was a blow for the Spotify competitor, whose 9.6 million subscribers account for around two percent of the global streaming market, according to Midia Research.

That makes it a minnow compared with the Swedish streaming giant, which boasts market share of around 31 percent.

But as one of the few French digital firms to become a household name, Deezer’s flotation event in Paris was attended by Economy Minister Bruno Le Maire, who told bosses “you have to grow” after chief executive Jeronimo Folgueira rang the opening bell.

“I don’t accept seeing all the American firms coming to Europe without seeing European firms go to the US, to explain to our American friends that European firms are the best,” Le Maire said.

As well as Spotify, Deezer has yet to catch up with other giants in the streaming world, including Apple, Amazon and China’s Tencent.

The firm is doubling down on music, rather than expanding into neighbouring fields like podcasting and audio books as Spotify and Amazon have done.

Deezer hopes deals with mobile network operators like France’s Orange and Brazil’s Tim, as well as broadcaster RTL in Germany, will help it reach more listeners in a global streaming market growing at more than 25 percent per year by users.

“With the right distribution, we know we can win market share and become rivals to the major players,” CEO Folgueira told AFP ahead of the stock market launch.

Compared with 2015, when a first attempt to float the company had to be postponed because of hostile market conditions, “the business has changed, the market has changed: it’s the right moment to take this step,” he added.

“Music streaming is really established, it makes up almost two-thirds of revenue for recorded music, which wasn’t true back then.”

Deezer’s top investor before its arrival on the market was British-American billionaire Len Blavatnik, with 43 percent, while French businesspeople including billionaire Francois Pinault have also bet on the firm.

burs/tgb/spm

Euro slumps as recession risk stalks eurozone

The euro on Tuesday slumped to its lowest level since 2002 and European stock markets sank as growing recession risks sent shockwaves around the region.

The shared currency fell as low as $1.0298, threatening a push towards dollar parity.

It also dived as investors eyed aggressive interest rate hikes by the US Federal Reserve in its fight against inflation, in contrast with the European Central Bank which plans more modest increases.

Stocks indices in Frankfurt, London and Paris shed more than one percent in late morning deals on heightened fears of a prolonged economic downturn across Europe.

Economic growth in the eurozone floundered in June, a key survey showed Tuesday, hit by soaring consumer prices.

S&P Global’s closely-watched monthly purchasing managers’ index (PMI), which measures corporate confidence, fell to 52.0 in June from 54.8 in May.

Nevertheless, the reading, which was a 16-month low, remains above the 50-point level signalling expansion.

“Growing fears of a recession are hammering the euro lower, whilst the dollar is soaring on bets that the Fed will keep hiking rates aggressively to tame inflation,” City Index analyst Fiona Cincotta told AFP.

“Today’s PMI data from Europe have highlighted the risk of slowing growth at the end of the second quarter and raise the prospect of a contraction in activity in the coming months.”

By contrast, most Asian stock markets closed higher on growing speculation that US President Joe Biden is about to roll back some of the Trump-era tariffs on Chinese goods.

The mood on trading floors has nevertheless become increasingly gloomy in recent months as observers warn that sharp interest rate hikes aimed at curbing price rises could cause a contraction, compounding uncertainty caused by Russia’s war in Ukraine.

Oil prices were mixed as traders assessed the market with demand outstripping supplies.

Investors were keeping tabs also on fresh Covid outbreaks in China that have triggered City lockdowns.

US markets were set to reopen later Tuesday following July 4 celebrations.

– Key figures at around 1000 GMT –

Euro/dollar: DOWN at $1.0301 from $1.0431 Monday

Pound/dollar: DOWN at $1.2040 from $1.2116

Euro/pound: DOWN at 85.59 pence from 86.09 pence

Dollar/yen: UP at 135.76 yen from 135.69 yen

London – FTSE 100: DOWN 1.2 percent at 7,144.11 points

Frankfurt – DAX: DOWN 1.1 percent at 12,637.22

Paris – CAC 40: DOWN 1.3 percent at 5,878.26

EURO STOXX 50: DOWN 1.0 percent at 3,417.26

Tokyo – Nikkei 225: UP 1.0 percent at 26,423.47 (close)

Hong Kong – Hang Seng Index: UP 0.1 percent at 21,853.07 (close)

Shanghai – Composite: FLAT at 3,404.03 (close)

New York – Dow: Closed for public holiday

Brent North Sea crude: DOWN 1.4 percent at $111.88 per barrel

West Texas Intermediate: UP 0.4 percent at $108.90 per barrel

Ukrainian becomes second woman to win Fields math medal

Ukraine’s Maryna Viazovska paid tribute to those suffering in her war-torn country on Tuesday as she became the second woman to be awarded the Fields medal, known as the Nobel prize for mathematics.

Viazovska, a 37-year-old Kyiv-born math professor, received the prestigious award alongside three other winners at a ceremony in Helsinki.

“My life changed forever” when Moscow invaded Ukraine in February, she said in a video displayed at the ceremony, adding that her sisters had been evacuated from Kyiv.

“Right now Ukrainians are really paying the highest price for our beliefs and our freedom,” she said.

The International Congress of Mathematicians, where the prize is awarded, was initially scheduled to be held in Russia’s second city Saint Petersburg — and opened by President Vladimir Putin.

Earlier in the year hundreds of mathematicians signed an open letter protesting the choice of the host city, and after Moscow invaded Ukraine in late February the event was moved to the Finnish capital.

The other Fields winners were France’s Hugo Duminil-Copin of the University of Geneva, Britain’s James Maynard of Oxford University and June Huh of Princeton in the United States.

The medal, along with $15,000 Canadian dollars ($11,600), is awarded every four years to between two to four candidates under the age of 40 for “outstanding mathematical achievement”.

– ‘Tour de force’ – 

Viazovska was born in 1984 in Ukraine, then still part of the Soviet Union, and has been a professor at the Ecole Polytechnique Federale de Lausanne in Switzerland since 2017.

At the ceremony she paid tribute to Yulia Zdanovska, a young mathematician who studied under the same teachers she had in Kyiv, who was killed by a Russian missile attack on the Ukrainian city of Kharkiv in March.

“Yulia was a person filled with light, and her big dream was teaching mathematics to kids in Ukraine,” Viazovska said.

“When someone like her dies, it’s like the future dies.”

In a decision made before the war in Ukraine began, Viazovska was awarded for her work in sphere packing — a problem first posed by German astronomer and mathematician Johannes Kepler nearly 400 years ago.

In what is called the Kepler conjecture, he proposed that the most compact way to pack spheres was in a pyramid, like oranges at a supermarket.

But it was such a complex problem that it was not considered proved correct until 1998 via intense computer number-crunching.

Then in 2016, Viazovska solved the problem in the eighth dimension, using what is called an E8 lattice.

Marcus du Sautoy, a British mathematics professor at Oxford University, told AFP it was a surprise when Viazovska came up with such “slick proof” compared to the “tortuous proof needed in three dimensions”.

Renaud Coulangeon of Bordeaux University told AFP the solution was a “tour de force”.

The only previous female laureate in the prize’s more than 80-year history was Iranian mathematician Maryam Mirzakhani, who died of breast cancer in 2017 just three years after winning the award.

Du Sautoy said he hopes Viazovska’s win “will contribute to inspiring more women to choose mathematics as a career.”

– ‘Express the inexpressible’ –

Duminil-Copin, born in France in 1985, is a professor at the Institut des Hautes Etudes Scientifiques, focusing on the mathematical branch of statistical physics.

He was honoured for solving “long-standing problems in the probabilistic theory of phase transitions”, which, according to the jury, has opened up several new research directions.

Maynard, 35, received the medal “for contributions to analytic number theory, which have led to major advances in the understanding in the structure of prime numbers,” Kenig said.

“His work is highly ingenious, often leading to surprising breakthroughs on important problems that seemed to be inaccessible by current techniques,” the International Mathematical Union said in a statement.

June Huh, 39, was given the award for “transforming” the field of geometric combinatorics, “using methods of Hodge theory, tropical geometry and singularity theory”, the jury said.

He is a rare Fields winner who did not focus on mathematics in his teen years, after a bad elementary school test score convinced him he didn’t have a talent for it, he told Quanta Magazine.

“When I was young, math was like a faraway land, surrounded by giant walls that I could not climb,” Huh said in his video.

“I grew up in Korea and I dreamed of becoming a poet, to express the inexpressible. I eventually learned that mathematics is a way of doing that.”

Rescuers gather body parts after Italy glacier collapse

Emergency services at the scene of a deadly avalanche in the Italian Dolomites recovered what body parts they could on Tuesday, with the dangers of venturing under the partially collapsed glacier slowing the search.

Rescue teams sent helicopters and drones up for a second day after Sunday’s disaster, which saw at least seven hikers killed when a section of the country’s largest Alpine glacier gave way, sending ice and rock hurtling down the mountain.

Italy has blamed the collapse on climate change and fears more of the glacier could come crashing down have prevented access to much of the area where hikers, some roped together, are believed to be buried.

Authorities have declared 14 missing but stressed the exact number of climbers at the scene when the avalanche hit was unknown.

“Operations on the ground will only be carried out to recover any remains discovered by the drones, to ensure rescuers’ safety,” the Trentino Alpine Rescue Service said Tuesday.

Experts were surveying the area to determine how best to enable teams with sniffer dogs to get out onto the site safely on Wednesday or Thursday, the Service’s national chief Maurizio Dellantonio told AGI news agency.

Relatives of people reported missing gathered at the town of Canazei, where recovered remains were placed in a make-shift morgue at a gymnasium.

“The important finds, not just bones, are first photographed, then recovered and put onto a helicopter” and flown to Canazei to be “catalogued and placed in cold storage”, Dellantonio said.

Such finds were “bones that have not been flayed, a piece of hand with a ring, tattoos, anything that can enable a person to be identified”, including shoes, backpacks and ice-picks.

– Last selfie –

The disaster struck one day after a record-high temperature of 10 degrees Celsius (50 degrees Fahrenheit) was recorded at the summit of Marmolada, the highest mountain in the Italian Dolomites.

Prime Minister Mario Draghi said Monday the collapse was certainly “linked to the deterioration of the environment and the climate situation”.

One of the bodies recovered belonged to a Czech who was travelling with a friend now registered as missing, the Czech foreign ministry told AFP.

Also missing, according to Italian media reports, was Filippo Bari, 27, who had snapped a grinning selfie of himself on the mountain earlier Sunday and sent it to family and friends saying “look where I am!”

Bari, who has a four-year old son, has not responded to repeated attempts to contact him, nor have the five friends he was believed to be hiking with, the Corriere della Sera said.

The Trento public prosecutor’s office has opened an investigation to determine the causes of the tragedy.

The glacier, nicknamed “queen of the Dolomites”, feeds the Avisio river and overlooks Lake Fedaia in the autonomous Italian province of Trento.

According to a March report by the UN Intergovernmental Panel on Climate Change (IPCC), melting ice and snow is one of 10 major threats caused by global warming, disrupting ecosystems and infrastructure.

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