| | | The Reuters Daily Briefing | Monday, July 11, 2022 by Linda Noakes | Hello Here's what you need to know. Europe is on edge as the Nord Stream Russian gas link enters shutdown, Biden weighs his authority to declare an abortion-related public health emergency, and Twitter shares slide after the Musk deal falls apart | | | Today's biggest stories Asal Alizade, an Iranian trader on Binance, displays the mobile application on her smart phone in Dubai, United Arab Emirates, July 4, 2022. REUTERS/Amr Alfiky BUSINESS & MARKETS The world's largest crypto exchange, Binance, continued to process trades by clients in Iran despite U.S. sanctions and a company ban on doing business there, a Reuters investigation has found. Iranian traders said they continued to use their Binance accounts until September of last year, only losing access after the exchange tightened its anti-money laundering checks a month earlier.
Shares in Twitter fell about 6% in premarket trading as a legal tussle between Elon Musk and the social media company is expected to take center stage after the world's richest person walked away from the $44 billion deal. Here's why Twitter has the legal edge in its deal dispute with Musk.
The biggest single pipeline carrying Russian gas to Germany started annual maintenance, with flows expected to stop for 10 days, but governments, markets and companies are worried the shutdown might be extended due to the war in Ukraine. So what are Europe's energy alternatives if Russian gas flows stop?
If shipping is the beating heart of global trade, its pulse is about to get slower. Faced with uncertainty about which fuels to use in the long term to cut greenhouse gas emissions, many shipping firms are sticking with aging fleets, but older vessels may soon have to start sailing slower to comply with new environmental rules.
Europe's Airbus has revised up its forecast for jet deliveries over the next 20 years as soaring fuel bills prompt airlines to seek new, more fuel-efficient planes.
The bond market is pricing in a sharp deceleration in inflation over the next year, as aggressive tightening by the Federal Reserve to counter the steepest surge in prices in a generation ramps up recession concerns. The deceleration, which economists also call disinflation, is characterized by a slowing of the rise of overall prices and likely would be a welcome respite for financial markets.
| Firefighters remove debris after a military strike hit a building in Kharkiv, Ukraine, July 11, 2022. REUTERS/Nacho Doce WORLD Russian weapons pounding Ukraine's second largest city Kharkiv killed at least three people, authorities said, while rescuers pulled survivors from the rubble of an earlier strike on an apartment block that killed 19 people in another city. Here's what you need to know about the conflict right now.
Sri Lanka's President Gotabaya Rajapaksa and the entire cabinet will resign to make way for a unity government, the prime minister's office said, after tens of thousands of protesters stormed the official residences of both men.
With flags at half-mast, Japan mourned the killing of former premier Shinzo Abe even as the ruling party that he had dominated secured an election win that gives current Prime Minister Fumio Kishida the chance to cement his own power. The mother of the man arrested for Abe's killing is a member of the Unification Church, the head of its Japanese arm said.
Tensions between China and the United States, and the withdrawal of the remote Pacific island nation of Kiribati, have overshadowed the Pacific Islands Forum as leaders arrived in Fiji for the first in-person summit in three years. China has warned Asian nations to avoid being used as 'chess pieces' by big powers.
British Foreign Secretary Liz Truss entered the race to replace Boris Johnson as prime minister, taking the number of candidates in an increasingly bitter and unpredictable contest to 11. Here's who might succeed Johnson.
| | | | | | | Video of the day Deforestation in Brazil's Amazon breaks record An area five times the size of New York City was destroyed in the first six months of the year. | | Thanks for spending part of your day with us. | | | | | |