Thursday Morning Briefing: U.S. releases Baghdadi raid video
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October 31, 2019
Reuters News Now
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The Pentagon released its first imagesof last weekend’s commando raid in Syria that led to the death of Islamic State leader Abu Bakr al-Baghdadi and warned the militant group may attempt to stage a “retribution attack.” The most dramatic video showed a massive, black plume of smoke rising from the ground after U.S. military bombs leveled Baghdadi’s compound.
The Washington Nationals stunned the Houston Astros6-2 in a winner-take-all Game Seven to secure their maiden Major League Baseball World Series title in a Fall Classic unlike any other. The win put the finishing touches to a stunning turnaround after the Nationals began the season with a miserable 19-31 record.
Asia
Police and protesters in Hong Konghave been locked in a spiraling cycle of violence since early June. A Reuters examination shows how the weapons and tactics of both sides have intensified as the tension has escalated.
Shops and offices were shut in Indian Kashmirand the streets largely deserted as federal authorities formally revoked the restive state’s constitutional autonomy and split it into two federal territories. Prime Minister Narendra Modi’s decision in August to change Kashmir’s status and tighten its grip over a region has stoked anger and resentment while a three-decade armed revolt rages.
Ask a Federal Reserve official if the clutch of interest rate cuts it has delivered this year are helping the economy and you will get a swift answer: Yes. There is evidence that Jerome Powell and his colleagues are not tooting their own horns without some justification.
Fiat Chrysler and Peugeot owner PSA plan to join forces through a 50-50 share swap to create the world’s fourth-largest automaker, they said on Thursday, triggering a new wave of consolidation in the car industry. The move comes less than five months after FCA abandoned merger talks with PSA’s French rival Renault.
Beijing could remove extra tariffs imposed since last year on U.S. farm products to ease the way for importers to buy up to $50 billion worth, rather than direct them to buy specific amounts, the head of a government-backed trade association said.
Samsung Electronics warned of a smaller mobile business profit as its rival Apple gave a positive iPhone sales outlook, dampening hopes new models will help the world’s largest smartphone vendor finally get back on a growth track. Investors have pinned their hopes on a recovery in the mobile business that once made up over half of Samsung’s profit.
