Quartz

Sweden and Finland applied to join Nato. With threats from Russia hanging over the Nordic countries, Nato members say they plan to move quickly to ratify them. Turkey, however, may get in the way.

Ukraine ceded control of Mariupol to Russia. Ukrainian soldiers were ordered to abandon the steel plant that had served as the site of a months-long siege.

UK inflation hit highest level in 40 years. Soaring to 9%, the increase is in part due to escalating gas and electricity costs pushing household energy bills to record levels.

The China Eastern plane crash in March may have been intentional. Black box data suggests someone in the cockpit put the Boeing 737-800 into a nosedive.

Insurance company Allianz will pay $6 billion over a massive fraud scheme. Its investment subsidiary will also plead guilty to misrepresenting the risk posed by a group of its hedge funds.

The Cannes Film Festival kicked off with a remote address from Ukraine’s president. Volodymyr Zelenskyy’s speech centered on how cinema can spread democratic ideals.