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Daily Briefing

Donald Trump was hit with a fourth set of criminal charges, Russia launched a large-scale air attack on Lviv, and China's central bank cut rates to bolster growth.

Plus, our best photos of the annual Perseid meteor shower.

By Kate Turton

Today's Top News

Republican presidential candidate Donald Trump campaigns at the Iowa State Fair in Des Moines, US, August 12, 2023. REUTERS/Scott Morgan/File Photo

Former US President Donald Trump was hit with a fourth set of criminal charges when a Georgia grand jury issued a sweeping indictment accusing him of trying to overturn his 2020 election loss to Democrat Joe Biden. What you need to know about the legal troubles of Donald Trump.
A fire at a gas station in the southern Russian region of Dagestan killed at least 27 people including three children, Interfax news agency reported citing regional emergency medics.
Russia launched a large-scale air attack on Ukraine's western region of Lviv and the northwestern region of Volyn, killing at least three people and wounding scores of others, officials said.
Search teams with cadaver dogs have combed through 25% of the Lahaina disaster zone from the Maui wildfires, discovering the remains of a 99th victim, but perhaps hundreds more people were unaccounted for nearly a week after the disaster.
Three suspected spies for Russia in Britain have been arrested and charged in a major national security investigation, the BBC reported.
Paraguay's new president Santiago Pena takes office, a clean-cut economist for the conservative Colorado party who will need to juggle ties with Taiwan, pressure from farmers, rising crime and a US probe into his political mentor.
Nearly 900 flights in Japan were cancelled and 240,000 people were ordered to move to safety as a slow-moving typhoon made landfall, cutting off power to tens of thousands of homes.

Business & Markets

A broad array of Chinese data highlighted intensifying pressure on the economy from multiple fronts, prompting Beijing to cut key policy rates to shore up activity but analysts say more support is needed to revitalize growth. How much worse can China's economic slowdown get?
Russia's central bank hiked its key interest rate by 350 basis points to 12%, an emergency move to try and halt the rouble's recent slide after a public call from the Kremlin for tighter monetary policy. Moscow-based reporter Alex Marrow talks to the Reuters World News podcast about Russia's central bank announcement.
The unpredictability of the Women's World Cup, with the US knocked out early and a first-time champion assured, is forcing major global marketers such as Adidas and Nike to move fast to adapt to shoppers' quick shifts in preferences and demand.
Tesla has introduced two cheaper versions of its Model S sedan and Model X SUV in the US with shorter driving ranges, the automaker's website showed, continuing its focus on driving down costs to prioritize sales growth.
BP has invested in a start-up company developing technology seeking to use vapor from heavy industry to sharply reduce the production costs of zero-carbon hydrogen. For more global energy industry news, sign up for the Reuters Power Up newsletter.
Sam Bankman-Fried used money he stole from customers of his FTX cryptocurrency exchange to make more than $100 million in political campaign contributions before the 2022 US midterm elections, federal prosecutors said.

Georgia criminal charges: Trump's chances and challenges

Donald Trump speaks during a campaign rally in Windham, New Hampshire, US, August 8, 2023. REUTERS/Reba Saldanha/File Photo

Donald Trump is likely to claim that his right to free speech and genuine concerns about voter fraud protect him from charges that he pressured Georgia officials to change the results of the 2020 election in his favor.

But legal experts say the case appears to be a straightforward fraud prosecution that will turn on whether Trump knowingly broke the law, regardless of whether he believed his actions were justified.

Read our analysis: How will Trump defend himself? Will it work?

And Finally...

A woman looks through a telescope during the annual Perseid meteor shower on the island of Lastovo, Croatia August 12. REUTERS/Antonio Bronic

The annual Perseid meteor showe r is visible from July 17 until August 24.

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