| |  |  | The Reuters Daily Briefing | Tuesday, October 18, 2022 by Robert MacMillan | Hello Here's what you need to know. Liz Truss apologizes, Russian missiles strike Ukraine infrastructure, and hedge funds circle foreign-exchange markets | | | | | Today's biggest stories  Jeremy Hunt and Liz Truss, seated in the House of Commons, October 17, 2022. UK Parliament/Jessica Taylor WORLD NEWS Prime Minister Liz Truss apologized for threatening Britain's economic stability after she was forced to scrap her vast tax-cutting plans and embark on a program of public spending cuts instead. After weeks of blaming the markets and "global headwinds" for investors dumping the pound and government bonds, Truss also said she was "sticking around."
Russian missiles crashed into infrastructure targets across Ukraine, including Kyiv, Zhytomyr, Dnipro, Mykolaiv and Kharkiv, as Moscow stepped up what looked like a deliberate campaign to destroy electricity and water facilities before winter.
Regional train traffic in France was cut by about half as several unions called a nationwide strike, seeking to capitalize on anger with decades-high inflation.
An Iranian rock climber said her veil had fallen by mistake while competing in a competition in South Korea, after she was widely assumed to have expressed support for protests in Iran. Footage of Elnaz Rekabi, 33, showed her scaling a wall without her head covered while representing Iran, which has been swept by protests over Mahsa Amini's death in morality police custody.
Indonesia will demolish and rebuild a football stadium where a stampede killed more than 130 people. |  Anti-abortion protesters pray outside the EMW Women's Surgical Center, Louisville, Kentucky, U.S. April 16, 2022. REUTERS/Jonathan Cherry U.S. NEWS Kentucky voters are being asked to amend the state's constitution to say residents do not have a right to abortions, three months after voters in Kansas soundly rejected a similar ballot question. President Biden meanwhile is trying to rally Democrats around abortion rights, which were sharply curtailed by the Supreme Court's decision nearly four months ago to overturn the landmark Roe v Wade ruling.
The Justice Department asked a federal judge to sentence former President Donald Trump's adviser Steve Bannon to six months in jail, saying he pursued a "bad faith strategy of defiance and contempt" against the congressional committee probing the Jan. 6, 2021, attack on the Capitol.
Eight employees at a unionized Starbucks store in South Carolina sued the company, saying it falsely accused them of criminal conduct after they demanded a raise from their manager.
A near-record number of U.S. chickens and turkeys have died in this year's outbreak of avian flu, as a different form of the virus than farmers battled before has infected more wild birds that then transmit the disease. | BUSINESS & MARKETS Exxon Mobil said it left Russia completely after President Vladimir Putin expropriated its properties following seven months of discussions over an orderly transfer of its 30% stake in a major oil project. Exxon did not say if it received any compensation for the assets, which it had valued at more than $4 billion.
Foxconn, best known for assembling Apple's iPhone, said it hopes to one day make cars for Tesla as it ramps up electric-vehicle manufacturing in a strategy to diversify its business.
Central European companies that provide remote, lower-cost business services for multinationals are ramping up their expansion plans as high inflation drives global firms to push more work to the region to cut costs and bolster margins.
A plan to "insulate" itself from the SEC. A backdated document. An exodus of compliance staff. Binance, the world’s biggest crypto exchange, and its billionaire founder swerved scrutiny by regulators, and now there are signs the strategy is fraying.
Veteran hedge-fund manager John Taylor uses a Far Side cartoon with vultures and an animal carcass to illustrate how funds are circling foreign-exchange markets, where a sudden rise in volatility offers to boost returns for the few specialist investors who survived the decade-long period of calm that forced many from the sector. | | | | | | | | | | | Video of the day  Protester beaten inside Chinese consulate in Britain Manchester police are investigating the apparent assault of a Hong Kong pro-democracy protester who was pulled onto Chinese consulate grounds and beaten up. | | | | And finally… Beer and popcorn... at the Vatican  Russell Crowe uses his smartphone inside St. Peter's Basilica, October 17, 2022. REUTERS/Phil Pullella Crowe attended a screening in the Vatican of the new film, "The Greatest Beer Run Ever," for recruits of the Vatican's gendarmes and Swiss Guard, and for Marine Corps guards from the U.S. embassy in Rome. | | | Thanks for spending part of your day with us. | | | | | |
