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Russia has launched fresh missile strikes, the dollar stalled as investors showed a higher risk appetite, and President Joe Biden will undergo a closely watched physical exam.

By Kate Turton

World News

A firefighter walks at a car park near an apartment block that was heavily damaged by a missile strike, amid Russia's attack on Ukraine. REUTERS/Marko Djurica

Russia launched missile strikes across Ukraine, Ukrainian officials said, after Western allies pledged to ramp up military aid to the Ukrainian armed forces to support a planned counter-offensive. Ukrainian officials said air defenses in the south downed eight Kalibr missiles fired from a ship in the Black Sea, but other missiles struck northern and western Ukraine.
Two women were pulled from the rubble in Kahramanmaras and a mother and two children were rescued from the city of Antakya, as rescue efforts shifted to getting relief to survivors nine days after a deadly earthquake. How will the earthquake change the political equation for Turkey's Tayyip Erdogan and Syria's President Bashar al-Assad? Check out Reuters World News podcast for more.
Indian tax officials examined mobile phones and laptops used by some BBC editorial and administrative employees as an inspection at the British broadcaster's offices in New Delhi and Mumbai entered a third day. Tax officials had remained at the BBC's offices, some sleeping there, since the surprise inspection was launched. Others said some employees were questioned on financial transactions late into the night.
Scientists studying Antarctica's vast Thwaites Glacier - nicknamed the Doomsday Glacier - say warm water is seeping into its weak spots, worsening melting caused by rising temperatures, two papers published in Nature journal showed Thwaites, which is roughly the size of Florida, represents more than half a meter of global sea level rise potential.
Avian flu has reached new corners of the globe and become endemic for the first time in some wild birds that transmit the virus to poultry, according to veterinarians and disease experts, who warn it is now a year-round problem. They said the prevalence of the virus in the wild signals that record outbreaks will not abate soon on poultry farms, ramping up threats to the world's food supply.
Nigeria's President Muhammadu Buhari gave approval to the central bank to extend the deadline to turn in old banknotes by another 60 days after cash shortages stoked anger ahead of presidential and parliamentary elections next week. Nigeria's central bank decided last year to start circulating newly designed 1,000, 500 and 200 naira notes.

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Business & Markets

The dollar stalled as investors showed a higher risk appetite on signs the overall global growth outlook is improving following a slew of strong U.S. economic data, even as the Federal Reserve looks set to raise interest rates further. Data from the U.S. Commerce Department showed that retail sales in the United States rebounded sharply in January after two straight monthly declines, driven by purchases of motor vehicles and other goods.
China's commerce ministry said it put Lockheed Martin Corp and Raytheon Technologies Corp onto an "unreliable entities list" over arms sales to Taiwan, its latest sanctions against the two U.S. defense contractors. The regulations prohibit the corporations from "engaging in import and export activities related to China", according to the commerce ministry statement.
The U.S. government should face a patent lawsuit over COVID-19 vaccines, not vaccine maker Moderna Inc, the Department of Justice told a Delaware federal court. The Justice Department's court filing said the United States should be liable for any infringement of Arbutus Biopharma Corp and Genevant Sciences GmbH's patents that took place under Moderna's contract to provide shots for the government's nationwide vaccination effort.
Charlie Munger, the longtime business partner of Warren Buffett at Berkshire Hathaway Inc said China remains a top opportunity for investors despite geopolitical risks. Munger also doubled down on his recent Wall Street Journal editorial calling for the U.S. government to follow China and ban cryptocurrency, saying "people who oppose my position are idiots." The 99-year-old spoke at the annual meeting of Daily Journal Corp.
Activist investors are renewing their years-long efforts to break up some of Germany's most venerable companies, seeing streamlining as a promising route to reviving share prices as Europe's top economy emerges from the energy crisis. This week Brenntag became the latest target of investors, who called for the chemicals distributor to spin off its specialties unit.

U.S. News

Raquel Welch poses at the 2014 Carousel of Hope Ball at the Beverly Hilton Hotel. REUTERS/Mario Anzuoni/File Photo

Actress Raquel Welch, who helped reshape the traditional image of the Hollywood sex symbol in an era when the movie industry was still overtly defining an idealized version of sensuality for mass consumption, died at age 82. Her death following a brief illness was confirmed in a statement released by her Los Angeles-based manager.
President Joe Biden, 80, will undergo a closely watched physical examination, ahead of an expected announcement that he is seeking a second four-year term. Biden's session with the doctors at Walter Reed National Military Medical Center in nearby Bethesda, Maryland, will be his second extensive exam since he took office in January 2021.
Hundreds of irate residents of the Ohio town, where a train derailed and spilled toxic chemicals, packed into a high school gym seeking answers to what health dangers they face. East Palestine Mayor Trent Conaway, looking angry and tired, said at Wednesday's town hall that he wanted to help provide some reassurance for the 4,700 citizens of his town, and hold to account those responsible for the train derailment.
President Joe Biden plans to make his most extensive remarks yet about a high-altitude Chinese balloon and three other objects that were shot down. Senator Mark Kelly says Congress should consider mandating transponders on high-altitude weather and research balloons to help the military differentiate between potential threats. The issue has drawn new attention in recent days after fighter jets shot down a Chinese balloon and three other objects.
Former U.N. ambassador Nikki Haley called on Republicans to move on from "stale ideas" and "faded names," a veiled swipe at her former boss Donald Trump, as she made her first stop in a campaign for the 2024 presidential nomination. The former South Carolina governor is just the second Republican to seek the party's backing to challenge Democratic President Joe Biden, 80, who is expected to seek reelection next year.
The father of the Illinois man accused of killing seven people and injuring dozens at a Fourth of July parade in a Chicago suburb was indicted by a grand jury, local NBC5 reported. Robert Crimo Jr. is accused of helping his son obtain a state firearms license in 2019 when he sponsored his application for a firearm owner identification (FOID) card, despite knowing his son was unfit to own a gun.

Essential Reading

A model sits backstage after having make-up applied ahead of the Carolina Herrera Fall/Winter 2023 collection show. REUTERS/Andrew Kelly

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