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Ukraine launches its counteroffensive, losing some tanks, but gaining ground.

This offensive has been a long time in the preparation and the Russians know it's coming,

they too have been preparing the defensive lines, so the only element of surprise here is where

exactly along that front line. Ukraine will try to make the big breakthrough.

UBS completes its takeover of Credit Suisse and former Italian Prime Minister Silvio Berlusconi has

died at age 86. Its Monday, June 12th, I'm Keith Collins for the Wall Street Journal,

filling in for Luke Vargas. And here is the AM edition of What's News, the top headlines and

business stories moving your world today. Ukraine's much anticipated counteroffensive has begun.

So far, Ukrainian forces have retaken several villages in the southeastern

Zeparezia and eastern Donetsk regions, but have also lost several tanks to Russian minefields.

Our reporter Marcus Walker is on his way to the front line and I spoke to him earlier about what

we know so far. The Ukrainians so far are attacking the very first Russian defensive positions,

that's not the main defensive line the Russians have, deeper, very formidable notifications,

further south and further east of the most forward positions. At the moment, it appears that

the Ukrainians are trying to attack the first Russian defenses at several different points

along the 600 kilometer front line, searching for weak spots, and so far it looks like they're

attacking with relatively small formations. We're not seeing the big armored thrusts yet that

...