Putin calls for a review of the Ukraine grain deal, accusing the West of deception
The Reuters Daily Briefing
Wednesday, September 7, 2022
by Linda Noakes
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Liz Truss's cabinet is Britain's first without a white man in the top jobs, why Europe's banks are dimming the lights, and what to expect from Apple's 'Far Out' fall event
Today's biggest stories
Russian President Vladimir Putin delivers a speech at the 2022 Eastern Economic Forum in Vladivostok, Russia, September 7, 2022
Parts of Pakistan seemed "like a sea", Prime Minister Shehbaz Sharif said, after visiting some of the flood-hit areas that cover as much as a third of the South Asian nation, where 18 more deaths took the toll from days of rain to 1,343. In India, the technology hub of Bengaluru was gearing up for more heavy rain after a brief respite from severe flooding.
Tanks pounded targets and fighter jets roared overhead as Taiwan's military carried out its latest combat drills after weeks of saber-rattling by giant neighbor China.
Fire retardant is dropped on the Fairview Fire burning near Hemet, California, September 6, 2022
U.S.
California's grid operator projected record-breaking power demand and issued an emergency call for consumers and businesses to conserve energy for the seventh consecutive day to avoid blackouts. The run of record-breaking temperatures is projected to continue this week with highs reaching into the 110s Fahrenheit in interior parts of the state.
Democratic leadership in the U.S. Senate could add language protecting gay marriage rights to a stopgap measure to keep the federal government funded and running, in a bill that will need Republican support for passage, a Democratic source said.
A New Mexico county commissioner became the first public official to lose their job for participating in the riot at the Capitol when a state judge ruled that the Republican violated the U.S. Constitution by engaging in an insurrection.
Barack Obama and his wife, former first lady Michelle Obama, return to the White House today for the unveiling of their official portraits, some five years after the former president left office.
BUSINESS & MARKETS
European stock markets opened in the red after U.S. economic data prompted traders to ramp up Federal Reserve rate hikes bets, pushing the dollar to a 24-year high against the Japanese yen. The dollar will remain a force to reckon with over the remainder of this year and into the next, according to a Reuters poll.
The Bank of Canada is widely expected to announce another supersized interest rate increase today as it battles to curb inflation at a near-four-decade high, with all eyes on the statement for any change to its aggressive stance.
China's exports and imports lost momentum in August with growth significantly missing forecasts as surging inflation crippled overseas demand and fresh COVID curbs and heatwaves disrupted output, reviving downside risks for the shaky economy.
Scientists race to save the world's rarest crocodile
Cuban crocodiles have the smallest natural habitat left of any living crocodile species, due to illegal hunting and hybridization with American crocodiles.
While middle-class Indians have for decades sought better prospects in other countries, worsening economic conditions are now driving families from poorer rural areas like Sachin's to make big investments to set up new lives for their children overseas.
