Friday Morning Briefing: Giuliani associates charged with illegally funneling cash to pro-Trump group

Highlights

Two foreign-born Florida businessmen who have helped President Donald Trump’s personal lawyer Rudy Giuliani investigate political rival Joe Biden were arrested in a scheme to illegally funnel money to a pro-Trump election committee and other U.S. political candidates, prosecutors said on Thursday.

An Iranian-owned oil tanker was hit by two missiles in the Red Sea off Saudi Arabia’s coast on Friday, Iranian media and officials reported, stoking tension in a region that has faced a series of attacks on crude ships and oil facilities since May. The Sabiti, which was set ablaze, suffered heavy damage and leaked oil after it was struck.

SpaceX’s new Crew Dragon astronaut capsule will be ready for its first manned flight into orbit in the first quarter of next year provided “everything goes according to plan” in upcoming tests, NASA chief Jim Bridenstine said on Thursday. The pronouncement of a revised time frame signaled NASA believes SpaceX is getting the Crew Dragon project back on track following an explosion during a ground test in April.

Rising old used car prices help push poor Americans over the edge. For America’s working poor, an often essential ingredient for getting and keeping a job – having a car – has rarely been more costly, and millions of people are finding it impossible to keep up with payments despite

World

Ethiopian Prime Minister Abiy Ahmed has won the 2019 Nobel Peace Prize for his peacemaking efforts with Eritrea. The two countries, longtime foes who fought a border war from 1998 to 2000, restored relations in July 2018.

Turkish warplanes and artillery hit Kurdish militia targets in northeast Syria on the third day of an offensive that has killed hundreds of people, forced tens of thousands to flee and turned Washington’s establishment against President Donald Trump. The incursion has opened a new front in the eight-year-old Syrian civil war and drawn fierce international criticism.

The man accused of killing two in a gun attack near a synagogue in the eastern German city of Halle has admitted to the crime and to having a far-right, anti-Semitic motivation, prosecutors said on Friday. Stephan B. published an openly racist and anti-Semitic manifesto and live-streamed the shooting on Wednesday.

The British and European Union chief Brexit negotiators held a “constructive” meeting in Brussels on Friday, both sides said, as efforts to secure a deal by Britain’s scheduled departure date of Oct. 31 intensified.


Business

With U.S. tariffs looming, China drums up hope for a partial trade deal

A Chinese state newspaper said on Friday that a “partial” trade deal would benefit China and the United States, and Washington should take the offer on the table, reflecting Beijing’s aim of cooling the row before more U.S. tariffs kick in.

5 min read

For a few dollars more - global funds take on FX risk

Some European and Japanese bond investors are taking on more currency risk by buying dollar debt without protecting themselves against potentially devastating exchange rate swings as they seek ways to compensate for sub-zero yields at home.

7 Min Read

Toyota unveils revamped hydrogen sedan to take on Tesla

Toyota unveiled a completely redesigned hydrogen-powered fuel cell sedan on Friday in its latest attempt to revive demand for the niche technology that it hopes will become mainstream. The new Mirai model boasts longer driving range than its predecessor and completely redesigned fuel cell stack and hydrogen tanks.

3 min read

Cracks found on 38 of 810 Boeing 737 NG jets inspected globally

Boeing said on Thursday that airlines had inspected 810 of the company’s 737 NG jets around the world and found 38 structural cracks requiring repair and replacement of the affected parts. The 737 NG is the third-generation 737 and version before the now-grounded 737 MAX, which is not impacted by the cracking issue.

4 min read

Top Stories on Reuters TV

Trump lashes out at rivals at Minneapolis rally

U.S.   1:50

Tokyo scrambles to prepare for massive typhoon

World   1:13
 

Minibox 3 Column Blogger Template by James William at 2600 Degrees