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Daily Briefing

Welcome, it was a busy weekend of important elections around the world.

Turkey faces a run-off after a stronger-than-expected showing by incumbent Tayyip Erdogan, Thailand votes for change from military rule, and India's Congress Party has a big win in the Karnataka state election.

Plus, read about Chile's firefighting goats.

By Kate Turton

Today's Top News

Supporters of Turkish President Tayyip Erdogan and AK Party (AKP) gather on election night, in Istanbul, Turkey May 15, 2023. REUTERS/Dilara Senkaya

Elections

Turkey is headed for a runoff vote after President Erdogan led over his opposition rival Kemal Kilicdaroglu in Sunday's election but fell short of an outright majority to extend his 20-year rule of the country. We look at Erdogan's milestones as Turkey faces runoff vote.
The leader of Thailand's opposition Move Forward Party said he had been in contact with at least five opposition parties on forming a coalition and warned any attempt to interfere in the election outcome will come at "a hefty price".
The Reuters World News Podcast considers how the two elections pit opposition challengers against once-secure parties.
India's embattled Congress party won big in a southern state election this weekend, exceeding expectations and gaining fresh momentum to take on entrenched Prime Minister Narendra Modi in national elections next year, top politicians and analysts said.

Elsewhere

Ukraine's military hailed recent advances around Bakhmut as its first successful counterattack in the battle against Russian forces fighting for control of the eastern city. Read the latest from Russia's war on Ukraine.
Migrant crossings at the US-Mexico border have unexpectedly fallen, not risen, since Title 42 curbs expired, and the Biden administration said reinstating criminal penalties for illegal entry is likely the biggest reason. In pictures: Desperate and bewildered, migrants stuck at US gates as Title 42 ends.
China will launch pilot projects in more than 20 cities to create a "new-era" marriage and childbearing culture to foster a friendly child bearing environment, the latest move by authorities to boost the country's falling birth rate.
One of the strongest storms to hit Myanmar in recent years severely disrupted communications in the impoverished state of Rakhine, a major ethnic armed group and an aid worker said on Monday, making it hard to ascertain the scale of its impact.

Business & Markets

Exclusive: Leaders of the G7 nations plan to tighten sanctions on Russia at their summit in Japan this week, with steps aimed at energy and exports aiding Moscow's war effort, said officials with direct knowledge of the discussions.
China's clampdown on its consultancy and due diligence sector has driven companies to review their operations. Some companies had tested the limits of the laws and Beijing's patience to meet surging demand as China emerged from its COVID-lockdowns.
Banking regulators have been pushed by market volatility in recent weeks into doing things that they haven't really wanted to do, like letting the largest US bank get even bigger. Their hand may be forced again. Read more in Reuters Finance.
German energy firms Sefe and Uniper have awarded some traders millions of dollars in bonuses for 2022, four sources familiar with the matter said, just months after the companies were rescued with multi-billion bailouts as Russia halted gas supplies.

Analysis: Tesla's new car-making process stokes debate among industry experts

A view of the Tesla service centre in Singapore July 16, 2022. REUTERS/Chen Lin/

Tesla Inc's new vehicle-assembly system, which created instant buzz when it was unveiled in March, ignited a debate among auto manufacturing experts on whether CEO Elon Musk's so-called unboxed process is radical, revisionist or derivative - or all of the above.

Musk believes the company needs to radically rethink conventional manufacturing methods in order to build more affordable - and profitable - electric vehicles in higher volumes.

Tesla's new car-making process stokes debate among industry experts

And Finally...

A herd of goats of the "Buena Cabra" (Good Goat) project nibble on foliage in Santa Juana, Chile, May 5, 2023. REUTERS/Juan Gonzalez

In the southern Chilean city of Santa Juana, hit hard by wildfires earlier this year, locals have a special taskforce helping fight blazes: a herd of goats.

The goats have already saved the native forest of the Bosques de Chacay once, preventing the park from being consumed by February forest fires - fueled by heatwaves and a punishing drought - that left dozens dead, thousands injured and almost 440,000 hectares destroyed in south-central Chile.

Read more here: Chile's firefighting goats protect a native forest from deadly blazes

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