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Daily Briefing

What's at stake for Donald Trump and Nikki Haley as Ron DeSantis drops out of the race, the war in Ukraine increased Moscow's reliance on non-strategic nuclear weapons, and India's Modi leads the consecration of a grand Ram temple.

Plus, the women supporting Haley really like that she is not Trump.

By Kate Turton

Today's Top News

DeSantis attends a campaign event ahead of the Iowa caucus vote, January 14, 2024. REUTERS/Marco Bello//File Photo

US ELECTIONS 2024

Florida Governor Ron DeSantis ended his fading presidential campaign and endorsed Donald Trump just two days before the pivotal New Hampshire primary, leaving Nikki Haley as Trump's last challenger for the Republican nomination.
What does DeSantis' departure mean for the Republican race? Reuters World News podcast's Jonah Green is in New Hampshire and spoke to Political Correspondent Jim Oliphant - listen now.

IN OTHER NEWS

Israeli tanks storming southern Gaza's main city reached the gates of two hospitals, as the bloodiest fighting of the new year tore through areas sheltering hundreds of thousands of displaced. Meanwhile, EU foreign policy chief Josep Borrell said Israel's plan to destroy Hamas in Gaza is not working.
The war in Ukraine has dented Russia's confidence in its conventional forces and increased the importance to Moscow of non-strategic nuclear weapons as a means of deterring and defeating NATO in a potential future conflict, a leading Western think-tank said.
The United Nations migration agency aims to raise $7.9 billion this year to bolster efforts to protect migrants, reduce displacement and expand avenues to migrate legally.
Two US Navy SEALs who went missing in the Gulf of Aden earlier this month during a raid on a boat carrying Iranian weapons have not been located following an exhaustive search and their status has been changed to deceased.
Indian Prime Minister Narendra Modi led the consecration of a grand temple to the Hindu god Lord Ram on a site believed to be his birthplace, in a historic event for the Hindu majority of the world's most populous nation.

Business & Markets

Some Wall Street executives feel a tantrum coming in US short-term financing markets, perhaps as soon as March. It could put pressure on the Federal Reserve to ease policy.
Germany's chemicals sector, Europe's largest, is starting to feel the pinch from delayed shipments via the Red Sea, becoming the latest industry to warn of supply disruptions that have forced some companies to curb production.
China's major state-owned banks moved to support the yuan, tightening liquidity in the offshore foreign exchange market while actively selling US dollars onshore as equities slid four sources with knowledge of the matter said.
Japan's Sony Group scrapped plans for a $10 billion merger of its Indian unit with Zee Entertainment which said it had been accused of breaching their agreement and that the case was set to go to arbitration.
Terraform Labs, the company behind the stablecoin TerraUSD, which collapsed and roiled cryptocurrency markets in 2022, filed for Chapter 11 bankruptcy in the United States, according to court papers.
The European Union's drug regulator will this week consider wider use of Novo Nordisk's weight-loss drug Wegovy to include reducing the risk of strokes and heart attacks.
The US Federal Aviation Administration recommended airlines operating Boeing 737-900ER jets inspect door plugs to ensure they are properly secured after some operators reported unspecified issues with bolts upon inspections.

For women backing Haley, a sigh of relief at not voting for Trump

Haley makes a campaign stop ahead of the New Hampshire primary. REUTERS/Brian Snyder

At a campaign event in eastern New Hampshire, last week, Melinda Tourangeau was wearing a Nikki Haley button on her lapel and a broad smile on her face.

Tourangeau, 57, said she would be thrilled to cast a vote for Haley in Tuesday's Republican primary. Just as important, she said, was that she would not be voting for former President Donald Trump, as she had before.

Trump is well-known for denigrating and misogynistic comments toward women

And Finally...

Highgate Cemetery is embarking on a project to take back ownership of old and unused graves so they may be used again for fresh burials. REUTERS/Hannah McKay

London's most famous cemetery, the final resting place of revolutionary socialist Karl Marx, is searching for a new lease of life by reclaiming long-abandoned graves so they can be sold again for fresh burials.

The Victorian-era Highgate Cemetery is a popular attraction.

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