Ukrainians try to conserve electricity and endure water outages after Russian strikes

Thursday, October 20, 2022

by Hani Richter

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Here's what you need to know.

Ukrainians try to conserve electricity after Russian strikes, Trump is set to face a criminal trial on tax fraud charges, and Hyundai investigates child labor violations in its U.S. supply chain.

Today's biggest stories

People shop in a supermarket as Kharkiv suffers an electricity outage, amid Russia's attack on Ukraine, in Kharkiv, Ukraine, October 17, 2022. REUTERS/Clodagh Kilcoyne

WORLD NEWS

Ukrainians conserved electricity and some went without running water to try to ease pressure on the grid and give engineers a chance to rebuild infrastructure destroyed by Russian strikes as Kyiv's forces advanced towards the city of Kherson.

Here's what you need to know about the war in Ukraine.

British Prime Minister Liz Truss battled to retain her grip on power
, a day after a second top minister quit and rowing and jostling broke out among her lawmakers in parliament in a dramatic breakdown of unity and discipline.

Two days before a fire ripped through a section of Iran's Evin prison and killed at least eight people, a riot police unit arrived at the compound and began to patrol the corridors, shouting "God is Greatest" and banging batons on cell doors, six sources told Reuters.

People wade through fast-flowing water, holding one another to avoid being swept away. The torrent was, until recently, the East-West Road in Nigeria's Rivers state, the gateway to the nation's oil and gas. Now parts of Rivers, along with large swaths of 32 other states, are inundated by the worst flooding in 12 years.

China's capital, Beijing, has dialed up measures to stop COVID, strengthening public checks and locking down some residential compounds after a quadrupling of its case load in recent weeks, just as a key Communist Party congress entered full swing.

Former U.S. President Donald Trump holds a rally ahead of the midterm elections, in Mesa, Arizona, U.S., October 9, 2022. REUTERS/Brian Snyder

U.S. NEWS

Donald Trump's family company is set to face a criminal trial on tax fraud charges in New York starting next week that could trigger fines and further complicate the real estate firm's ability to do business as the former U.S. president's legal woes mount.

Harvey Weinstein, currently serving a 23-year sentence for sex crimes in New York, is back on trial on criminal charges in Los Angeles. Weinstein faces 11 charges of rape and sexual assault involving five women in the Beverly Hills and Los Angeles area between 2004 and 2013.

An 80-year-old Georgia man illegally parked on the grounds of the U.S. Capitol in Washington, saying he wanted to deliver documents to the Supreme Court, was arrested after three guns were found in his van, police said.

Democratic U.S. Senate candidate John Fetterman of Pennsylvania released a doctor's letter that said he was recovering well from a stroke and has no work restrictions.

U.S. firms developing a new generation of small nuclear power plants to help cut carbon emissions have a big problem: only one company sells the fuel they need, and it's Russian.

BUSINESS & MARKETS

Hyundai, Korea's top automaker, is investigating child labor violations in its U.S. supply chain and plans to "sever ties" with Hyundai suppliers in Alabama found to have relied on underage workers, the company's global chief operating officer Jose Munoz told Reuters.

Tesla said it expected to miss its vehicle delivery target this year, but downplayed concerns about softening demand after its revenue missed Wall Street estimates.

Japanese policymakers made fresh threats of intervention after the yen tumbled past the key psychological level of 150 to the dollar, keeping investors on high alert in case Tokyo steps into markets again to support the fragile currency.

Birkin bag maker Hermes flagged plans to hike prices by 5% to 10% in 2023 on rising costs and currency fluctuations, much more than in the past, after a sharp rise in sales over the third quarter with no signs of any slowdown yet.

JPMorgan is launching a platform that aims to connect startup founders with venture capital investors to simplify the fundraising process, the bank told Reuters.

Quote of the day

"Why would we throw a lifeline to a regime that is on the ropes and that is killing young women?"

Bob Einhorn

Brookings Institution

Beyond cutting hair and rhetoric, little West can do to change Iran’s trajectory

Video of the day

Zelenskiy says he will never get used to war

Ukraine’s President Volodymyr Zelenskiy said he is still not used to the war in his country, nor does he ever want to be. Speaking in an interview with the Canadian broadcaster CTV, Zelenskiy said he does not allow himself to get used to the pain and killing.

And finally…

A 1990s relic, floppy disks get second life at California warehouse

It has been two decades since their heyday, but one bulk supplier of the iconic 3.5-inch floppy disk used to store data in 1990s says business is still booming.

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