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Daily Briefing

US autoworkers target the Detroit Three, North Korea's Kim inspects a sanctioned fighter jet plant, and Sweden braces as property storm clouds darken.

Plus, are aliens among us? Decide for yourself.

By Linda Noakes

Today's Top News

United Auto Workers hold up strike signs as their fellow union members walk out of the job at the Ford Michigan Assembly Plant, September 15, 2023. REUTERS/Eric Cox

The United Auto Workers union launched simultaneous strikes at three factories owned by General Motors, Ford and Chrysler owner Stellantis, kicking off the most ambitious US industrial labor action in decades. Here's how UAW chief Shawn Fain has disrupted Detroit's labor tradition.
President Joe Biden's chances of re-election are being jeopardized by voters' concerns over his age, the economy and crime, according to a Reuters/Ipsos poll, creating an opportunity for Donald Trump to return to the White House.
Can Biden and a fistful of cash win rural America for the Democrats? White House correspondent Andrea Shalal reads the runes on today's Reuters World News podcast.
Biden's son Hunter was criminally charged with deceiving a gun dealer into selling him a firearm, in the latest sign of how the younger Biden's legal woes may weigh on his father's re-election bid.

AROUND THE WORLD

North Korean leader Kim Jong Un inspected a Russian fighter jet factory that is under Western sanctions, part of a visit Washington and its allies fear could strengthen Russia's military in Ukraine and bolster Pyongyang's missile program.
Ukraine's military said that its troops have captured a village near Bakhmut, the eastern city that fell into Russian hands in May after being besieged for many months.
Suspicion over the unexplained weeks-long absence of Chinese Defense Minister Li Shangfu deepened, as some media reported he was subject to a probe and a top US diplomat questioned whether he had been placed under house arrest.
Libyans from across the fragmented country have driven through old front lines regardless of bitter enmities to deliver aid to flood-stricken Derna this week, putting aside years of conflict between their divided leaders.
Villagers in some of the most isolated areas hit by Morocco's earthquake were still living in makeshift tents and relying on donkeys to bring vital supplies as they waited for state aid to reach them nearly a week after the disaster.

Business & Markets

China's factory output and retail sales grew at a faster pace in August, but tumbling investment in the crisis-hit property sector threatens to undercut a flurry of support steps. We report on the broken dreams and shattered families in China's unfinished apartments.
For months, Sweden's government has sought to play down a property crisis that has throttled confidence in the Nordic state. Now Heimstaden Bostad, a $30 billion property investor, is grappling with a multibillion dollar funding crunch, which has rebounded on one of its owners - the country's biggest pension fund.
Taiwan's TSMC has told its major suppliers to delay the delivery of high-end chipmaking equipment, as the world's top contract chipmaker grows increasingly nervous about customer demand, sources familiar with the matter said.
Shares in SoftBank's Arm Holdings soared almost 25% above their Nasdaq debut price, rekindling investor hopes for a turnaround in the moribund market for initial public offerings.
Bayer's new CEO plans to cut management jobs to speed up decision-making as a first step to overhaul the embattled German industrial group, which is facing investor pressure to break up, people familiar with the matter said.
H&M reported flat sales for its most recent quarter, lagging expectations as the world's second-biggest fashion retailer struggled in the face of intense competition from Zara-owner Inditex and others.

The Week Ahead

Central banks take center stage with five of those overseeing the 10 most heavily traded currencies holding rate-setting meetings, plus a swath of emerging market ones as well.
The US Federal Reserve is widely expected to leave its key rate in a 5.25-5.50% range when it concludes a meeting on Wednesday.
On Thursday, interest rate decisions in the UK, Scandinavia and Switzerland will give clues on whether these northern European economies can withstand any more monetary tightening.
And on Friday, we will find out if another Bank of Japan policy tweak is underway.
Here's a look at the week ahead from our markets team.

Tesla reinvents carmaking

Tesla cars are seen parked at the construction site of the gigafactory in Gruenheide, Germany, March 20, 2022. REUTERS/Hannibal Hanschke

Tesla has combined a series of innovations to make a technological breakthrough that could transform the way it makes electric vehicles and help Elon Musk achieve his aim of halving production costs, people familiar with the move said.

Here's how Tesla left rivals scrambling to catch up.

And Finally...

Remains of an allegedly 'non-human' being on display at the San Lazaro legislative palace in Mexico City, September 12, 2023. REUTERS/Henry Romero

A UFO hearing in Mexico's congress that featured the presentation of alleged remains of non-human beings faced swift international backlash, with critics labeling it a "stunt," and questions from officials in Peru, where the apparent specimens first emerged.

Long-time UFO enthusiast Jaime Maussan showed politicians at the hearing two tiny "bodies" displayed in cases, with three fingers on each hand and elongated heads.

Read more here: Mexico's 'alien bodies' presentation panned

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