North Korean leader Kim Jong Un departs Pyongyang to visit Russia, September 10, 2023, in this image released by North Korea’s Korean Central News Agency. KCNA via REUTERS
North Korean leader Kim Jong Un has arrived in Russia, a source told Reuters, amid warnings from Washington about a potential arms deal. Today’s Reuters World News podcast speaks to Josh Smith in Seoul about what deal might be reached for military aid for North Korea in return for munitions supplies.
Around 10,000 people are thought to be missing following floods in Libya, an official from the International Federation of the Red Cross and Red Crescent Societies said. Around a quarter of the city of Derna was wiped out after a dam burst in a storm, and more than 1,000 bodies have been recovered.
Villagers in parts of Morocco devastatedby the country’s biggest earthquake in over a century camped outside for a fourth night, as the death toll rose to more than 2,800 people. Search teams from Spain, Britain and Qatar joined Moroccan efforts to find survivors.
Days of relentless rain from the remnants of former Typhoon Haikui have caused more than 100 landslides, trapped about 1,360 residents in floodwaters and killed at least seven people in China’s south, said state media.
IN OTHER NEWS
The Biden administration is close to approving the shipment of longer-range missiles packed with cluster bombs to Ukraine, giving Kyiv the ability to cause significant damage deeper within Russian-occupied territory, according to four US officials.
China is bolstering its air power along the coast facing Taiwan with a permanent deployment of new fighters and drones at expanded air bases, Taiwan’s defense ministry said in its annual report.
Retail traders getting their first bite at Arm Holdings’ highly anticipated public offering when the British chip designer begins trading this week should beware: individual investors often get burned when they jump on hot listings.
Apple is expected to unveil a new iPhone 15 lineup as questions about market access in China and competition hang over the world’s most valuable listed company. The iPhone made up more than half of Apple’s $394.3 billion in sales last year.
New investments in the US and Europe aim to challenge China’s stranglehold on a key ingredient used in most electric vehicle batteries – graphite – but industry experts said that will be an uphill battle. The focus is shifting to a new front: Synthetic graphite.
Tesla rallied 6% on Monday after Morgan Stanley said its Dojo supercomputer could power a near $600 billion surge in the electric-car maker’s market value by helping speed up its foray into robotaxis and software services.
The Bank of Japan is under pressure to defend a new cap for long-term interest rates set just six weeks ago, as Governor Kazuo Ueda’s hawkish remarks heightened market expectations of a near-term end to its negative interest rate policy.
Britain’s labor market showed more signs of cooling in the three months through July, even as data showing another month of strong pay growth left the Bank of England on track for a further interest rate hike next month.
Russian President Vladimir Putin said increasing inflation had forced the central bank to hike interest rates to 12% last month, warning that Russia’s economy would suffer if price rises were allowed to get out of control.
Syringes ready to be administrated to residents who are eligible to receive booster shots of the COVID-19 vaccine, Michigan, US, April 8, 2022. REUTERS/Emily Elconin/File Photo
A US Centers for Disease Control and Prevention advisory panel is due to recommend whether the updated COVID-19 shots formulated by vaccine manufacturers should be given broadly or just to specific populations at higher risk during this fall’s vaccination campaign.