Source: Reuters
WORLD
– Japan’s ruling Liberal Democratic Party anointed former foreign minister Fumio Kishida as its next leader in a victory for the party’s establishment that virtually ensures he will become prime minister within days. Here are Kishida’s key policies.
– The leaders of Germany’s Greens and Free Democrats posted a smiling selfie of themselves and said they were finding some common ground in preliminary talks about joining a three-way coalition. We look at how young Germans tired of the status quo put their faith in Greens and liberals.
– Authorities in Spain’s Canary Islands told residents on the western coast of La Palma to seal doors and windows with tape and wet towels to ward off toxic gases spewed by lava from the Cumbre Vieja volcano as it reached the sea.
– Around 1,000 migrants flocked to a sports stadium in southern Mexico to claim appointments for requesting asylum in the country as the national refugee agency grapples with surging demand that has overwhelmed capacity.
– Bolivia’s coca farmers are battling for control of the leaf’s main market in the highland city of La Paz, a conflict which has seen producers and police clash in the streets with slingshots and tear gas, and even a building set on fire.
BUSINESS
– Investors sought to staunch the bleed after world stocks suffered their worst rout since January, while U.S. and European borrowing costs raced to their highest in months. Half of the S&P 500 is in correction territory, or worse.
– British soldiers will start driving tankers to replenish empty pumps, as drivers queued again for fuel after days of shortages, despite Prime Minister Boris Johnson saying the situation was improving. We spoke to Polish truck drivers who say Johnson’s proposed three-month working visa for European truckers just isn’t a sweet enough deal to convince them to relocate.
– Cash-strapped China Evergrande Group left its offshore bondholders guessing whether it would pay interest on a bond coupon due today despite agreeing to settle debt with a Chinese bank in a $1.5 billion stake divestment deal.
– Samsung Electronics is close to finalising the construction of a $17 billion semiconductor factory in Williamson County in Texas, three people with knowledge of the matter said. The factory will make advanced logic semiconductor chips and is likely to create about 1,800 jobs.
– U.S. startup Lucid Group said it will start delivering luxury electric sedans with a Tesla-beating driving range in late October, posing a major challenge to the market leader whose sales of premium models have stagnated.
