The earlier version of the Daily Briefing contained an error. It is of course 25 years since the 9/11 attacks. Not 20. Please accept our apologies.
Hello. Twenty-five years on from the 9/11 attacks, people too young to remember reflect on how that day continues to influence the way they see the United States and the world.
Yemen's Houthis have reached a strategic island at the mouth of a vital shipping lane.
And Kim Jong Un wants North Koreans to have more (state-sanctioned) fun.
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The Tribute in Light installation as viewed from Brooklyn Bridge Park. REUTERS/Ryan Murphy
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- Americans will pause to commemorate the nearly 3,000 people killed when hijacked planes slammed into the World Trade Center, the Pentagon and a field in Pennsylvania — and to wrestle with the legacy of September 11.
- From New York to New Zealand, people too young to remember 9/11 sent us their stories. "I think that every single political trend in the United States in the 21st century can be traced back to that day," said Jack Johnson from Chicago, who was two months old at the time.
- Reuters' Steve Holland, who was traveling with former president George W. Bush, recounts his experiences of the day. "I was covering what was expected to be a routine event... Within hours, the untested Bush was confronting the worst attack on American soil since Pearl Harbor."
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- Yemen's Iran-aligned Houthis reached the strategic island of Perim in the Bab el-Mandeb Strait, four Yemeni government sources told Reuters, potentially tightening their grip on one of the world's vital shipping routes.
- The lightning Houthi advance this week came with direct guidance from Iran's Revolutionary Guards seeking to open a new front in Iran's war with the US, according to Yemeni government, Iranian and regional sources.
- As Saudi tensions with the Houthis escalate, mediator Pakistan is facing pressure to choose a side.
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- Vice President JD Vance took center stage at the Republican convention in Dallas in a speech seen as an early test of his 2028 White House prospects, offering a message of nationalistic pride. Here are five big takeaways from the midterm convention.
- President Donald Trump's promise to send US adults $5,000 "dividend" checks if his party keeps control of Congress drew a cool reception from some Republicans. We look at whether it's legal and how it would work.
- An appeals court declined to allow Trump's administration to implement a new US Postal Service rule that would tighten mail-in voting requirements before November's congressional elections, as the Supreme Court weighs a similar request.
- Warnings from researchers at AI giant Anthropic that artificial intelligence could destroy humanity within the decade are sending shockwaves through Congress. Tech reporter Courtney Rozen has the story from Capitol Hill on today's Reuters World News podcast.
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- A global bond selloff pushed US 10-year Treasury yields near the closely watched 5% level as inflationary fears stemming from oil prices surging well beyond $100 a barrel and rising odds of a near-term US rate hike rattled investors.
- The US national average price of diesel surpassed $6 a gallon for the first time ever.
- Two European Central Bank policymakers opened the door to further interest rate increases if a war-fueled rise in energy prices continues and pushes up other prices in the euro zone.
- Britain's economy grew at the fastest annual pace in 18 months in July, helped by a boost from artificial intelligence and extending a strong first-half performance.
- Oracle topped Wall Street estimates for quarterly results and reported a smaller cash burn than expected, offering investors confidence that its AI investments were generating returns without squeezing its balance sheet.
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- Fed Funds futures point to markets leaning toward a quarter-point interest rate increase when Federal Reserve policymakers announce their decision on Wednesday, though plenty of investors remain unconvinced.
- The Bank of Japan may be the easiest central bank call of the month. Markets are all but certain policymakers will raise rates to 1.25%, a level not seen in more than three decades.
- As BRICS leaders gather in New Delhi, India is pushing an idea that could test the bloc's ambitions: linking central bank digital currencies to make cross-border payments faster and cheaper.
- US Treasury Secretary Scott Bessent said the Trump administration will sanction a large bank next week as it continues to apply economic pressure on Tehran.
- Here's all you need to know about the coming week in financial markets.
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Apple’s foldable iPhone poses a $1,999 question: Who is it for? |
Apple CEO John Ternus holds the new foldable iPhone Duo. REUTERS/Carlos Barria
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Apple's new foldable iPhone launched with impressive features and a premium price tag. But some observers in the packed room at the event in Cupertino, California, were left questioning its appeal beyond wealthy tech enthusiasts.
Analysts say that brand cachet is enough to assure strong initial sales. But once the euphoria fades, they warn the device's high price and Apple's lack of clear vision of its target buyer could confine it to a niche of wealthy early adopters — a pattern that has plagued the category since its launch.
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Kim Jong Un and his daughter Kim Ju Ae poolside at the Wonsan Kalma resort.
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Coffee bars. Waterparks. Retail therapy. North Korea — a country few would associate with leisure or pleasure — is experiencing an unlikely outbreak of fun.
Leader Kim Jong Un, himself no stranger to indulgence, is orchestrating new ways for his citizens to spend their wealth. Chinese customs data tells the story: North Korea’s imports of massage equipment have surged 40-fold over the past decade. Treadmill shipments jumped over 600%. Pianos and even bumper cars are pouring in, too.
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