Reuters Daily Briefing by Edson Caldas - 29 August 2024 - Typhoon Shanshan pummels southwest Japan, French authorities put Telegram's CEO under formal investigation, and a Reuters/Ipsos poll shows Kamala Harris sparking new enthusiasm among voters.

 

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Daily Briefing

By Edson Caldas

Typhoon Shanshan pummels southwest Japan, French authorities put Telegram's CEO under formal investigation, and a Reuters/Ipsos poll shows Kamala Harris sparking new enthusiasm among voters.  Plus, the Paris Paralympics opening ceremony, in pictures.

Today's Top News   An object blown by strong winds caused by Typhoon Shanshan in Miyazaki, southwestern Japan. Kyodo/via REUTERS Climate Millions of people were told to evacuate from their homes as Typhoon Shanshan lashed southwest Japan with strong winds and heavy rain, knocking out power, snarling air traffic and forcing major factories to close. At least three people have been killed. Heavy rains battered India and Pakistan's coastal areas along the Arabian Sea, flooding cities in western India's Gujarat state. At least 28 people have died this week from rain-related incidents in the state, as meteorologists warned that more heavy downpours and strong winds were expected. US election Democrat Kamala Harris leads Republican Donald Trump 45% to 41% in a Reuters/Ipsos poll published today. The 4 percentage point advantage among registered voters was wider than a 1 point lead Harris held over Trump in a late July Reuters/Ipsos poll. Harris and her running mate Tim Walz will sit today for their first joint television interview since they accepted their nominations. CNN's Dana Bash, who co-anchored Joe Biden's June 27 debate against Trump, will conduct the interview in Savannah, Georgia. In other news The Israeli military said its troops killed five Palestinian fighters who were hiding inside a mosque in the West Bank city of Tulkarm, in one of the largest assaults on the occupied territory for months.  A Hong Kong court found two editors of the now-defunct Stand News guilty of conspiring to publish seditious articles in a case that has drawn international scrutiny. This piece looks at the fall of Hong Kong's once leading online media outlet. A judge in France has placed Telegram CEO Pavel Durov under formal investigation as part of a probe into organized crime on the messaging app. European Technology Correspondent Martin Coulter explains the significance of this move for the sector on the Reuters World News podcast.

Business & Markets   Nvidia's quarterly forecast failed to meet lofty expectations of investors who have driven a dizzying rally in its stock as they bet billions on the future of generative artificial intelligence. This is how markets have been reacting to the chip maker's earnings. Government bond markets, which have enjoyed a summer of solid price gains, now face a reckoning with their bets for speedy central bank rate cuts and slowing inflation, not to mention a tight US presidential election. The Bank of Canada will cut its overnight rate by 25 basis points for a third straight meeting on Sept. 4 and again in October and December, faster reductions than previously thought, according to a majority of economists canvassed in a Reuters poll. Beijing said it would not impose provisional tariffs on brandy imported from the European Union despite finding it had been sold in China below market prices, giving both sides room to breathe in tense trade talks. HSBC's Wealth and Personal Banking chief Nuno Matos is resigning, in one of several significant changes in its leadership on the eve of Georges Elhedery starting as CEO. HSBC will replace Matos with Barry O'Byrne, CEO of the lender's commercial bank. Disney and Reliance won approval for an $8.5 billion merger of their Indian media assets after assuaging regulatory worries about their grip on broadcasting rights for cricket, India's favorite sport. These were India's antitrust concerns.

In Pictures   Performers during the Paris Paralympics opening ceremony. REUTERS/Thomas Mukoya French president Emmanuel Macron declared the Paralympic Games open after a glorious ceremony in which competitors were celebrated by joyful volunteers and spectators on a sweet summer night. See our photo gallery

And Finally... Spanish town gets soaked in red during the Tomatina festival. REUTERS/Eva Manez The streets of Bunol, in eastern Spain, were awash in red as revelers flung overripe tomatoes at each other during the traditional Tomatina festival. Some 22,000 participants wearing white clothes bespattered with tomato pulp engaged in the frenzy that grips the town every year in the last week of August. Read more