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Daily Briefing

By Linda Noakes

Hello. Putin demands Ukraine cede the Donbas region, California lawmakers swiftly pass the Democrats' redistricting plan, and markets await Powell's Jackson Hole speech.

Plus, India's top court revises its stray dog policy after a public outcry.

Today's Top News

A Ukrainian serviceman reacts as he throws a grenade during training in Donbas region. REUTERS/Yan Dorbronosov/File Photo

Vladimir Putin is demanding that Ukraine give up all of the eastern Donbas region, renounce ambitions to join NATO, remain neutral and keep Western troops out of the country, three sources familiar with top-level Kremlin thinking told Reuters.
A Ukrainian man was arrested at a holiday bungalow in Italy on suspicion of coordinating attacks on three Nord Stream gas pipelines in 2022, a breakthrough in an episode that sharpened tensions between Russia and the West.
Famine has struck an area of Gaza and will likely spread over the next month, a global hunger monitor determined. Critically low supplies of fortified milk and special nutritious pastes are exacerbating food shortages and pushing greater numbers of children into starvation.
In a triumph for Donald Trump, a New York state appeals court threw out a half-billion-dollar penalty while preserving a fraud case against him, enabling the president to rebound from one of his biggest legal defeats.
The California legislature approved a redistricting plan aimed at giving Democrats five more seats in the US Congress, countering a partisan advantage Trump sought from a Republican move to redraw political maps in Texas.
Chinese President Xi Jinping is unlikely to attend a major summit of Asian leaders in October, two people familiar with the matter said, dashing expectations of a potential meeting with Trump at the event.
India's Supreme Court modified its order on stray dogs, directing that those picked up from streets in and around Delhi be released after sterilization and immunization, after a storm of protests from animal lovers. Earlier this month, the court ruled that the stray dogs be moved to shelters.

Business & Markets

Federal Reserve Chairman Jerome Powell attends the Jackson Hole economic symposium. REUTERS/Jim Urquhart

Jerome Powell's speech to the annual Jackson Hole economic conference later today comes amid unprecedented pressure on the central bank from Trump. Federal Reserve Correspondent Howard Schneider joins the Reuters World News podcast to talk about Powell's colorful tenure as Fed chair.
Germany's economy shrank by 0.3% in the second quarter compared with the first three months of the year, as demand from top trading partner the United States slowed following months of buying ahead in anticipation of US tariffs.
Nvidia CEO Jensen Huang arrived in Taipei to visit chip foundry partner TSMC, as the world's most valuable company navigates rising friction between Washington and Beijing over access to its industry-leading AI chips.
ChatGPT parent OpenAI will open its first India office in New Delhi later this year, deepening its push in its second-largest market by user numbers.
Google has struck a six-year cloud computing deal with Meta Platforms worth more than $10 billion, a source familiar with the matter told Reuters, the search giant's second big agreement recently after one with OpenAI.
India's parliament passed a bill to ban online games played with money in a move that threatens the survival of the popular fantasy gaming sector, after Prime Minister Narendra Modi's government flagged the high risk of financial harm.

The Week Ahead

Nvidia's earnings report on Wednesday takes on greater significance after tech shares stumbled this week on some caution over the AI boom.
In tariffs news, packages valued at or under $800 sent to the US outside of the international postal network will face "all applicable duties" starting next Friday.
Here's what coming up in the week ahead in financial markets.
When South Korean President Lee Jae Myung meets Trump next week for their first summit, he'll face calls to pay more for the upkeep of American troops on the peninsula with security issues expected to be among the top agenda items.
The year's last tennis Grand Slam kicks off this weekend at New York's Flushing Meadows, where the latest chapter of the Jannik Sinner-Carlos Alcaraz rivalry is expected to culminate in another blockbuster final. Read Inside Track - your preview to the sporting weekend.

Hollywood's biggest AI debut? Las Vegas Sphere's 'Wizard of Oz'

A display of 50-foot-long legs and 22-foot-tall ruby slippers in Las Vegas. REUTERS/Steve Marcus

When 'The Wizard of Oz at Sphere' opens off the Las Vegas Strip next week, audiences will experience the 1939 film classic in a way its creators probably never thought possible.

Thousands of people will find themselves in the eye of the swirling tornado that rips Dorothy's Kansas farmhouse off its moorings and hurtles it onto Munchkinland.

The $104 or more per seat spectacle marks one of the most significant partnerships between a studio and technology company to use artificial intelligence to forge a new media experience.

Read more

The Week in Pictures

Surfers enter the Atlantic Ocean as Hurricane Erin churns offshore in Long Beach, New York. REUTERS/Shannon Stapleton

See a selection of our top photography from around the world this week.

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