The Reuters Daily Briefing – The Reuters Daily Briefing

Fonte: Reuters

WORLD

– Both North Korea and South Korea test fired ballistic missiles, the latest volley in an arms race that has seen both countries develop increasingly sophisticated weapons while efforts to get talks going on defusing tension prove fruitless.

– China’s armed forces concluded their first multinational peacekeeping exercise, showing off their combat prowess with drones and mine-clearing robots while seeking to project a more benign image.

– A month after seizing Kabul, the Taliban face daunting problems as they seek to convert their lightning military victory into a durable peacetime government. A unit in Afghanistan’s central bank leading a 15-year effort to counter illicit funding flows has halted operations, four staff members said, threatening to hasten the country’s slide out of the global financial system.

– Canadian Prime Minister Justin Trudeau defended his decision to shout at a protester who insulted his wife, Sophie Gregoire, as an increasingly tense election race enters its final days.

– Haitian Prime Minister Ariel Henry replaced the chief public prosecutor who had been seeking charges against him as a suspect in the assassination of President Jovenel Moise, plunging the country into a fresh political crisis.

BUSINESS

– Macau casino operator stocks plummeted by as much as a third, losing around $14 billion in value, as the government kicked off a regulatory overhaul that could see its officials supervising companies in the world’s largest gambling hub. Here’s how Macau is revising its multi-billion dollar gaming industry.

– China Evergrande is teetering between a messy meltdown with far-reaching impacts, a managed collapse or the less likely prospect of a bailout by Beijing for what was once the country’s top-selling property developer. “Stress is mounting for the most obvious grey rhino in China, namely the real estate sector,” Natixis economist Alicia Garcia Herrero said.

– Investors managing more than $10 trillion published an ambitious blueprint for energy companies seeking to tackle climate change, including sharp cuts to greenhouse gas emissions and a winding down of oil and gas production.

– Apple unveiled the iPhone 13 and a new iPad mini, expanding 5G connectivity and showing off faster chips and sharper cameras without raising the phone’s price.

– Boeing delivered 22 airplanes in August amid revived domestic travel and won orders for seven 787s in a respite for a program hobbled by industrial defects and a halt in deliveries.

The Reuters Daily Briefing – Thursday, August 26, 2021

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by Reuters

BUSINESS

– World shares tapped the brakes as China troubles struck again, while Europe’s bond markets steadied after confident-sounding ECB policymakers had caused their sharpest selloff in six months. The blistering rally in global stocks is nearly over, any further gains will be limited and a correction is likely by the end of the year, a Reuters poll of analysts has found.

– China’s push to wean property developers from excessive borrowing is spilling over into loan losses at banks and pain in credit markets as cash-strapped builders fall into distress, raising the risk of fallout rippling across the economy. Growth in China’s home prices is expected to slow more than initially expected this year, a Reuters poll shows.

– Western Digital is in advanced talks for a possible $20 billion stock merger with Japanese chipmaker and partner Kioxia, a move that would create a NAND memory giant to rival Samsung Electronics. NAND chips don’t need power to retain data and are used in smartphones, TVs, data center servers and public announcement display panels.

– The U.S. Securities and Exchange Commission is investigating Deutsche Bank’s asset manager DWS over how it used sustainable investing criteria to manage its assets. The asset management industry has rapidly amassed billions of dollars of assets that are supposed to have an environmental or social profile, but is facing growing scrutiny over how firms define and apply standards.

U.S.

– A congressional committee investigating the deadly January 6 attack on the U.S. Capitol issued its first demands for documents from government agencies, including communications involving some of former President Donald Trump’s closest advisers and family. Trump called the committee’s request “a partisan sham and waste of taxpayer dollars.”

– Prosecutors have proposed a plea bargain to a Virginia man accused of attacking police with a large stick during the Capitol riot, lawyers for the government and defendant told a court hearing.

– A judge sanctioned Sidney Powell and other lawyers who sued in Michigan to overturn Biden’s election victory, and suggested they might deserve to lose their law licenses.

– Democratic lawmakers and immigration advocates pressed Biden to take new steps to end an immigration policy begun by Trump after the top U.S. court ordered that the “remain in Mexico” program be reinstated.

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