Ukraine's Zelenskiy says his forces have recaptured towns and villages in a big eastern push

Thursday, September 8, 2022

by Linda Noakes

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Here's what you need to know.

The ECB is poised for another big rate hike, Britain borrows big again to ease the energy shock, and why finding a special master in the Trump documents case will be no easy task

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Ukrainian servicemen riding a BTR amphibious armoured personnel carrier drive out of Bakhmut in Donetsk region, eastern Ukraine, September 7, 2022. REUTERS/Ammar Awad

WORLD

Ukrainian leader Volodymyr Zelenskiy spoke of "good news" on the battlefields of eastern Ukraine, saying his army had retaken some towns and villages from Russia in what open source analysts said looked like a deep and sudden thrust behind Russian lines. Here's what you need to know about the conflict right now.

People were building barriers in some parts of Pakistan to hold back rising waters that have engulfed nearly a third of the country after weeks of rain, while officials said 12 more deaths took the toll to 1,355. Hundreds of thousands have been forced from their homes in a disaster blamed on climate change.

The Chinese city of Chengdu extended a lockdown for a majority of its more than 21 million residents to prevent further transmission of COVID while millions more in other parts of China were told to shun travel in upcoming holidays.

South Korea offered to hold talks with North Korea on reunions of families separated by the 1950-53 Korean War, in its first direct overture under President Yoon Suk-yeol despite strained cross-border ties. North Korea's rubber-stamp parliament convened this week to pass legislation aimed at turning the country into a "beautiful and civilized socialist fairyland," state media reported.

The suspect sought by Canadian authorities in a weekend stabbing spree that killed 10 people in and around an indigenous reserve was arrested, then lapsed into unexplained "medical distress" and died soon after at a hospital, police said.

Former President Barack Obama and former first lady Michelle Obama attend the unveiling of their official White House portraits in the East Room of the White House, September, 7, 2022. REUTERS/Evelyn Hockstein

U.S.

Days after President Joe Biden gave a fiery speech attacking former President Donald Trump and his Republican allies as an extremist threat, a Reuters/Ipsos poll found a majority of Americans believe Trump's movement is undermining democracy.

Former President Barack Obama and former first lady Michelle Obama returned to the White House to unveil their official portraits in an event punctuated by wisecracks but tinged with history and politics.

A federal judge has given the Justice Department and Trump's lawyers until tomorrow to come up with a list of potential candidates to serve as a special master to review records the FBI seized from Mar-a-Lago. But finding people who have the necessary experience and security clearances to handle the highly classified documents -- and the willingness to enter the political brushfire surrounding the probe -- will be no small task.

Steve Bannon, a onetime top strategist to Trump and an architect of his successful 2016 White House run, is expected to surrender today to New York authorities to face state charges in a new indictment.

A federal judge denied Oath Keepers founder Stewart Rhodes' request to postpone his upcoming Capitol riot trial, and ruled he cannot fire his lawyers and replace them just three weeks before the case is set to begin.

BUSINESS

The European Central Bank will raise interest rates again today to fight runaway inflation and, with a big move and a record one under consideration, the only question is by how much. Concerned that sky-high inflation is getting increasingly entrenched, policymakers are scrambling to keep a lid on the bloc's most damaging bout of price growth in nearly half a century.

The U.S. unemployment rate may need to reach as high as 7.5%, double its current level, to end the country's outbreak of high inflation, according to new estimates from a team of researchers including two staff economists from the International Monetary Fund.

Britain's new leader Liz Truss capped soaring consumer power bills for two years in a package that could cost about $172 billion. With Britain facing a lengthy recession sparked by a near quadrupling of household energy bills, Truss set out what she described as bold immediate action to protect consumers and businesses.

Apple avoided price hikes of its best-selling iPhones during its biggest product launch of the year, focusing on safety upgrades rather than flashy new technical specs with the exception of a new adventure-focused watch.

The $258 billion racketeering lawsuit accusing Elon Musk of running a pyramid scheme to support the cryptocurrency Dogecoin has expanded, adding seven new investor plaintiffs and six new defendants including his tunnel construction business Boring Co.

Britain's Cineworld filed for bankruptcy protection in the United States, as the world's second-largest cinema chain operator struggles to rein in its massive debt. We look at how Cineworld's woes highlight an uneven recovery for moviegoing.

SPECIAL REPORT

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Video of the day

A dramatic rescue in South Korea

Two people were rescued after being trapped in a submerged underground parking garage for more than 12 hours after a powerful typhoon hit.

And finally…

El Salvador's bitcoin experiment is stumbling

President Nayib Bukele had promised that 'Bitcoin City' would be a tax haven for crypto investors and miners. But a year on, the area where the circular metropolis powered by a volcano was meant to be built is still dense jungle.

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