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Daily Briefing

Supporters of Pakistan’s jailed former prime minister have the edge in the election, Ukraine’s Zelenskiy replaces his army chief, and Biden says his memory is “fine”.

Plus, can you send human ashes to the moon? How about a sports drink? Our space reporter Joey Roulette spoke to the Reuters World News daily podcast about a new legal frontier.

By Linda Noakes

Today’s Top News

Pakistan Tehreek-e-Insaf supporters watch the general election results in Islamabad. REUTERS/Gabrielle Fonseca Johnson

Supporters of jailed former Prime Minister Imran Khan had the edge in Pakistan’s election results from over 100 seats, after vote counts were hit by unusual delays that the government ascribed to a suspension of mobile phone services.
Israeli forces carried out deadly air strikes on Gaza, hours after US President Joe Biden described the military response to the October 7 attack on Israel by the Palestinian territory’s ruling Hamas movement as “over the top”.
President Volodymyr Zelenskiy replaced Ukraine’s popular army chief with his ground forces commander, a huge gamble at a time when Russian forces are gaining the upper hand. President Vladimir Putin said in an interview with Tucker Carlson that Russia has no interest in expanding its war in Ukraine.
Brazilian police confiscated former President Jair Bolsonaro’s passport and accused him of editing a draft decree to overturn election results, pressuring military chiefs to join a coup attempt and plotting to jail a Supreme Court justice.

US ELECTIONS

Biden will not face charges for knowingly taking classified documents when he left the vice presidency in 2017, a prosecutor said. Special Counsel Robert Hur described Biden as a “well-meaning, elderly man with a poor memory,” drawing an angry rebuttal from the president.
Donald Trump appeared to be headed for a big legal victory at the Supreme Court as the justices signaled their readiness to reject a judicial decision kicking the former president off the ballot in Colorado for taking part in an insurrection during the 2021 Capitol attack.
Trump won Republican presidential nominating caucuses in Nevada and the US Virgin Islands, moving closer to becoming his party’s White House standard-bearer. We look at why Nikki Haley is staying in the race despite the odds.
See our comprehensive coverage as we count down to the US elections.

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Business & Markets

Global shares stood their ground after Wall Street scaled new heights, with looming US inflation data set to help investors update their bets on interest rate cuts and steer the dollar’s direction.
Shares in Nissan tumbled 12%, their biggest decline in more than two decades, after quarterly earnings undershot expectations by a large margin and it cut estimates for car sales due to stiff competition in China.
Shiseido became another victim of a slowing Chinese economy, with the Japanese cosmetics maker reporting a 40% slide in annual earnings, while French cosmetics maker L’Oreal reported fourth-quarter sales growth that fell short of market expectations.
In the luxury sector, Hermes shares rose to a record high after the Birkin bag maker again outpaced its rivals at the end of 2023 and said it will further raise its prices. Ralph Lauren beat profit expectations for the 14th straight quarter, driven by robust holiday demand for its pricey cashmere sweaters.

The Week Ahead

As China’s troubled markets take time out for the Lunar New Year holiday, US rate cut bets, key UK data and Russia’s central bank meeting vie for the spotlight. Here’s your week ahead primer from our markets team.
Indonesia’s Prabowo Subianto is projected to pip the 50% threshold needed to win Wednesday’s election in a single round, the latest opinion poll showed. It’s the third presidential run for Defense Minister Prabowo, a controversial ex-soldier.
Finns vote on Sunday in a presidential election runoff between center-right candidate Alexander Stubb and liberal Green Party member Pekka Haavisto. It’s a new era for the country after it broke with decades of non-alignment to join NATO.
Super Bowl ticket buyers are facing a price surge for Sunday’s championship game owing to the dazzling, neon-lit setting of first-time host Las Vegas and 49ers fans’ hopes to reverse their 2020 loss to the defending champion Kansas City Chiefs.

How production pressures plunged Boeing into yet another crisis

A 737 Max aircraft at the Boeing factory in Renton, Washington is seen in this file photo from 2019. REUTERS/Lindsey Wasson

In October, Boeing CEO Dave Calhoun was asked how fast Boeing could raise output of its best-selling 737 MAX after a spate of quality snags. He was upbeat: Boeing would get back to 38 jets a month and was “anxious to build from there as fast as we can.”

As he sought to reassure investors about the recovery of Boeing’s cash cow after another quarterly loss, one of the narrow-bodied jets was waiting at Boeing Field in Seattle for final tests and delivery to Alaska Airlines just six days later. Four critical bolts were missing.

Read our investigation into the problems that ultimately led to a dummy door panel blowing out at 16,000 feet.

And Finally…

That’s actor Barry Keoghan putting his face in a plate of spaghetti. Here are more weird and wonderful images our photographers captured this week.

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