A Russian TU-95 bomber flies over East China Sea in this handout picture. Joint Staff Office of the Defense Ministry of Japan/HANDOUT via REUTERS/File Photo |
- Japan has scrambled jets to monitor Russian and Chinese air forces conducting joint patrols around the country, the Japanese defense ministry said, amid rising tensions between Tokyo and Beijing. Meanwhile, the US has criticized China for aiming radars at Japanese military aircraft during a training exercise.
- Thailand and Cambodia accused each other of targeting civilians in border attacks, as US President Donald Trump said he would make a phone call to stop the fighting and salvage a ceasefire he brokered in July.
- Federal tax prosecutions fell to their lowest level in decades this year, declining more than 27% from the year before as the Trump administration cut the ranks of attorneys and agents who pursue those cases, a Reuters examination has found.
- Trump's Department of Government Efficiency was only "a little bit successful", Tesla CEO Elon Musk said, adding that he would not lead the project again.
- Democrat Eileen Higgins became the first member of her party in nearly three decades elected mayor of Miami, defeating a Republican backed by Trump in a Hispanic-majority city in the heart of his Florida stronghold.
- Ukrainian President Volodymyr Zelenskiy said he was prepared to hold elections within three months if the US and Kyiv's other allies could ensure the security of the vote.
- Venezuelan opposition leader Maria Corina Machado will not receive the Nobel Peace Prize in person at the award ceremony in Oslo, the director of the Norwegian Nobel Institute said, with her current whereabouts unknown.
- Australian teenagers have taken to social media for the last time to farewell their followers and mourn the loss of the platforms that shaped much of their lives before a world-first ban took effect.
- About 200,000 people have fled their homes in eastern Congo in recent days, the United Nations said, as Rwanda-backed rebels march on a strategic town just days after the White House hosted the Rwandan and Congolese leaders to proclaim peace.
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- The US Federal Reserve is expected to cut interest rates as policymakers grapple with gaps in economic data caused by the recent government shutdown and work through competing views about the risks facing the economy. Howard Schneider tells the Reuters World News podcast the divided board will have to grapple with how to balance unemployment and inflation.
- Nvidia has built location verification technology that could indicate which country its chips are operating in, according to sources familiar with the matter, a move that could help prevent its artificial intelligence chips from being smuggled into countries where their export is banned.
- Paramount Skydance's addition of three Gulf sovereign wealth funds to the cast of its $108 billion hostile bid for Warner Bros Discovery marks a relatively rare alliance among the states as they build their own entertainment industries.
- A US trade agreement reached with Indonesia in July is at risk of collapsing because Jakarta has backtracked on several commitments it made as part of the deal, a US official said.
- Airbus CEO Guillaume Faury conceded likely defeat in the annual order race against Boeing, saying it was possible Boeing would win for the first time in six years, helped by settlements over US tariff disputes.
- Canada signals the end of its easing cycle, and Oracle's results reveal cracks in AI's debt-fueled growth: These stories and more are featured on today's Morning Bid podcast.
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How China Inc is marching into Vietnam amid US tariffs |
A container is loaded onto a cargo ship while docked at Hai Phong port, Vietnam. REUTERS/Athit Perawongmetha |
Chinese firms are expanding in Vietnam, leading investment inflows and sending record shipments to Hanoi in defiance of US calls for decoupling, as the Communist neighbors beef up ties. Recent steps that Hanoi had long resisted on security grounds include sensitive tech contracts for Chinese telecoms firms Huawei and ZTE; approval of Chinese loans for high-speed rail links; and Chinese-made COMAC planes cleared by regulators for a leading airline. Hanoi's overtures to Beijing may reflect its long-standing policy of balancing foreign ties after pledges made to Washington in trade talks, said Alexander Vuving of the Asia Pacific Center for Security Studies. |
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An employee of Farley's East cafe carries donated food items after being laid off from the cafe in Oakland, California. REUTERS/Shannon Stapleton |
If you're one of the many people whose job was eliminated in the US this year, we're launching a series to help you navigate one of the trickiest money moments of your financial life: a layoff. In the coming weeks, we'll share expert guidance on taking severance, tax planning, moving retirement accounts, securing health coverage, establishing and using emergency funds wisely. We'll also look at ways to prepare yourself for a pending layoff. |
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