**Summary:** Yum! Brands has agreed to sell the Pizza Hut chain in two separate transactions totaling $2.7 billion. The deal involves private equity firm LongRange Capital acquiring global operations, while Yum China Holdings Inc. purchases the China business.

**Key points:**
- LongRange Capital will acquire the majority of Pizza Hut's global business for approximately $1.5 billion.
- Yum China Holdings Inc. is purchasing the mainland China operations for about $1.2 billion.
- The sale follows a strategic review initiated by Yum! Brands in November 2025 to address declining sales and competitive pressures.
- Pizza Hut recently announced plans to close 250 underperforming U.S. locations to modernize its footprint.
- The transactions are expected to close in the third quarter of 2026.

**Why it matters:** The sale marks a significant shift for the 68-year-old brand as it attempts to recover from years of declining sales and evolving consumer habits in the competitive fast-food market.

Pizza Hut Sold for $2 . 7B By Yum ! Brand : New Owner Plans Revealed

Yum Brands Sells Pizza Hut for $2 . 7 Billion

Pizza Hut to be sold in £2 billion deal including united kingdom sites

Yum! Brands Sells Pizza Hut for $2.7 Billion

**Summary:** The British military is investigating reports that the Russian frigate Admiral Grigorovich fired warning shots at a UK-registered yacht in the English Channel. The incident occurred 20 miles south of the Isle of Wight.

**Key points:**
- The yacht reported being fired upon from a distance of approximately 500 yards.
- No injuries or damage to the vessel were reported following the encounter.
- The Royal Navy patrol vessel HMS Mersey was monitoring the Russian frigate at the time of the incident.
- The event took place outside of UK territorial waters.

**Why it matters:** The incident highlights ongoing security tensions between the UK and Russia in international waters near the British coast.

globalnews.ca - U.K. military investigates reports Russian warship shot at British yacht

independent.co.uk - What is the Russian frigate Admiral Grigorovich? The warship that fired shots at yacht in English Channel

thetelegraphandargus.co.uk - Warning shots fired from Russian warship at vessel in English Channel

UK Military Investigates Russian Warship Incident in English Channel

**Summary:** Prime Minister Narendra Modi attended the 52nd G7 Summit in France, advocating for a shift toward trust-based international partnerships and inclusive development for the Global South.

**Key points:**
- Prime Minister Narendra Modi emphasized the principle of 'Sarvajan Hitaya, Sarvajan Sukhaya' to promote welfare and happiness for all.
- The Prime Minister called for a move away from a donor-recipient mindset, urging that developing nations be treated as equal participants in global development.
- Discussions highlighted the need for secure maritime trade routes and the safety of seafarers amid ongoing geopolitical instability.
- Prime Minister Narendra Modi held a brief interaction with United States President Donald Trump on the sidelines of the summit.

**Why it matters:** The summit highlights India's evolving role in global diplomacy and its push for a more equitable international order that prioritizes trust and shared responsibility.

ibcworldnews.com - 12 years of Naya Bharat Nirman : PM Modi reiterates focus on next

aninews.in - Sarvajan Hitaya , Sarvajan Sukhaya : PM Modi calls for welfare , happiness for all at G7 summit amid global instability

aninews.in - Global South does not seek assistance but partnership , wants to be participant in global development : PM Modi at G7 Summit

Prime Minister Narendra Modi Addresses G7 Summit on Global Partnerships and Development

**Summary:** Turkey's Minister of Youth and Sports Osman Aşkın Bak has confirmed that Istanbul is ready to host the 2027 European Games, scheduled for June 16-27, 2027. The event will feature 26 sports, including 22 Olympic disciplines.

**Key points:**
- Minister Osman Aşkın Bak highlighted Turkey's modern sports infrastructure and logistical capabilities as key assets for the event.
- The games will bring together top European athletes for a multi-sport competition.
- Turkey has previously hosted major international events, including UEFA finals, and is set to co-host the 2032 UEFA European Football Championship.

**Why it matters:** The European Games represent a significant international multi-sport event that underscores Turkey's growing role as a hub for major global athletic competitions.

haberler.com - Bakan Bak : İstanbul 2027 Avrupa Oyunları nı başarıyla gerçekleştireceğiz

star.com.tr - Bakan Bak'tan İstanbul 2027 mesajı: Başarıyla düzenleyeceğiz

Turkey Prepares for 2027 European Games in Istanbul

**Summary:** G7 leaders are meeting in Evian-les-Bains, France, to discuss the implementation of a U.S.-brokered deal with Iran and strategies to address the ongoing war in Ukraine.

**Key points:**
- U.S. President Donald Trump announced a preliminary deal with Iran, with a formal signing scheduled for Friday in Geneva.
- Ukrainian President Volodymyr Zelenskyy is participating in the summit to advocate for increased pressure on Russia.
- The summit agenda includes a working lunch focused on maritime security and reopening the Strait of Hormuz.
- European leaders are seeking to align on a unified approach to support Ukraine and counter Russian influence.

**Why it matters:** The summit serves as a critical platform for coordinating international responses to major geopolitical crises, including the potential stabilization of the Middle East and the ongoing conflict in Ukraine.

thejournal.ie - Zelenskyy joins G7 leaders for meeting seeking to pressure Russia to end war

wysu.org - G7 leaders open summit talks in France on Ukraine and the Middle East

aljazeera.com - G7 leaders meet in France with Iran and Ukraine high on agenda

egyptindependent.com - Trump’s recent insults show just how strained his relationships with G7 leaders have become

G7 Leaders Convene in France to Address Iran and Ukraine Conflicts

**Summary:** A large-scale Ukrainian drone attack targeted a major oil refinery in the Moscow region, marking one of the most significant strikes on the Russian capital this year.

**Key points:**
- Moscow Mayor Sergey Sobyanin reported that air defense systems intercepted 60 drones during the overnight operation.
- The strike damaged a refinery in the Kapotnia district owned by the Russian energy giant Gazprom.
- Ukrainian President Volodymyr Zelensky described the attack as a justified response to recent Russian strikes on Ukrainian territory.
- Russian authorities stated that the resulting fire was extinguished and the facility's operations remained unaffected.

**Why it matters:** The strike demonstrates Ukraine's increasing long-range strike capabilities against critical Russian energy infrastructure, intended to disrupt Moscow's ability to finance its ongoing military efforts.

rtbf.be - Une raffinerie de Moscou touchée par une frappe de drone ukrainien

sudouest.fr - Vidéo. Guerre en Ukraine : une raffinerie de Moscou touchée par une frappe de drone ukrainien

lalibre.be - Guerre en Ukraine : une raffinerie de Moscou touchée dans une frappe de drone ukrainien

Ukrainian Drone Strike Hits Oil Refinery in Moscow Region

**Summary:** A 6.7-magnitude earthquake struck near Palu City in Central Sulawesi, Indonesia, on the morning of June 16, 2026. The shallow tremor caused panic at a local hospital, but authorities have confirmed no tsunami risk.

**Key points:**
- The earthquake occurred at 11:27 a.m. local time with an epicenter approximately 42 kilometers southeast of Palu.
- The Indonesian Meteorology, Climatology, and Geophysics Agency (BMKG) reported the quake's depth at 10 kilometers.
- A 5.2-magnitude aftershock was recorded by the United States Geological Survey (USGS) three minutes after the initial tremor.
- The earthquake was felt in the Sigi, Donggala, and Tojo Una-Una districts, though no structural damage or casualties have been confirmed yet.

**Why it matters:** The event occurred in a region historically vulnerable to seismic activity, notably the 2018 Palu earthquake and tsunami, prompting immediate monitoring by disaster mitigation agencies.

antaranews.com - Magnitude 6.7 earthquake rattles Central Sulawesi's Palu

thehindu.com - 6 . 7 magnitude earthquake shakes part of Indonesia

isna.ir - وقوع زلزله ۶.۷ ریشتری در اندونزی

6.7 Magnitude Earthquake Strikes Central Sulawesi, Indonesia

**Summary:** The Bank of Japan (BOJ) has increased its short-term policy interest rate from 0.75% to 1%, marking the highest level since 1995. The decision aims to address rising inflation risks driven by global energy price increases.

**Key points:**
- The policy shift was approved by seven out of eight policy board members during the two-day meeting ending June 16, 2026.
- The central bank announced it will discontinue the reduction of government bond purchases starting next April, maintaining a monthly purchase volume of 2 trillion yen.
- The Nikkei 225 index reached a record high of over 70,000 points following the announcement.
- BOJ Governor Kazuo Ueda was absent from the meeting due to hospitalization, making the decision an unusual occurrence for the institution.

**Why it matters:** This move represents a significant step in Japan's normalization of monetary policy after decades of ultra-low interest rates, reflecting global economic pressures and shifting inflationary trends.

Quarte Bot