Daily Briefing

China launches "punishment" war games around Taiwan, Israel will reprimand Irish, Norwegian and Spanish envoys over a decision to recognize Palestine, and we look at how rich nations are earning billions from a pledge to fight climate change.

Plus, the mechanics of turbulence, in graphics.

By Edson Caldas

Today's Top News

China launched "punishment" drills around Taiwan in what it said was a response to "separatist acts", sending up heavily armed warplanes and staging mock attacks as state media denounced newly inaugurated President Lai Ching-te. Here are some reactions to the military drills.
Israel will reprimand the ambassadors of Ireland, Norway and Spain over their governments' plan to recognize a Palestinian state. The envoys have been summoned to the Foreign Ministry in Jerusalem, where they will be shown a video of Hamas taking female captives on Oct. 7.
British Prime Minister Rishi Sunak has called an early national election for July 4, in what is seen as a risky strategy. Carmel Crimmins joins the Reuters World News podcast to explain how Sunak hopes recent economic good news will boost the Conservative Party's chances.
Two out of three Americans say they are concerned that political violence could follow the Nov. 5 election rematch between President Joe Biden and his predecessor Donald Trump, a new Reuters/Ipsos poll found. Follow the latest on the US race.
French President Emmanuel Macron said police reinforcements in New Caledonia would remain as long as required, after viewing areas devastated by deadly riots triggered by a contested electoral reform. We have an explainer on what the riots mean for the nickel industry.
A stage collapsed at a Mexican election campaign rally in the northern state of Nuevo Leo, killing nine people and injuring dozens as high winds tore apart the large, concert-style structure. The victims were eight adults and one child, the state's governor said.
Twenty people who were aboard a Singapore Airlines flight that hit severe turbulence and diverted to Bangkok for an emergency landing this week remain in intensive care, a hospital official said. These graphics explore what happened to the flight and why.

Business & Markets

Ecuador has sought funding to fight climate change. So far, the developed world has offered the debt-strapped nation more loans than grants. REUTERS/Henry Romero

Japan, France, Germany, the United States and other wealthy nations are reaping billions of dollars in economic rewards from a global program meant to help the developing world grapple with the effects of climate change, a Reuters data analysis found. Read the full special report.
Germany supports an overhaul of EU import taxes which could end an exemption for cheap parcels that has helped Shein and Temu. Critics of the two retailers in the US have already complained that they use an import tax exemption to undercut rivals and avoid inspections.
Microsoft President Brad Smith said the tech company's high profile deal with the United Arab Emirates-backed AI firm G42 could eventually involve the transfer of sophisticated chips and tools - a move that a senior Republican congressman warned could have national security implications.
Nvidia forecast quarterly revenue above estimates and announced a stock split, lifting its shares to record-high territory and impressing investors who have tripled the chipmaker's market value in the past year on AI optimism.
In more tech news, South Korea announced a $19 billion support package for its chip businesses, citing a need to keep up in areas like chip design and contract manufacturing amid 'all-out warfare' in the global semiconductor market.

Special Report: Mandela's vision of Black unity fades as South Africa rejects migrants

Overcrowded apartment block in Johannesburg where some survivors of the Usindiso blaze moved after the disaster. REUTERS/Siphiwe Sibeko

A hijacked block. A deadly fire. The bleak aftermath. Thirty years after apartheid – as watershed elections loom in South Africa – many African arrivals meet the harsher side of the "Rainbow Nation."

Public resentment at immigration has become a hot issue.

And Finally...

Rawdah Mohamed poses at the screening of "Marcello Mio". REUTERS/Yara Nardi

The Cannes Film Festival's 77th edition is bringing together the industry's biggest luminaries in southern France to celebrate cinema, with many Hollywood stars gracing the red carpet.

This photo gallery has all the fashion highlights from this year's glitzy event.

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