Good morning. We’ve got updates at present on volatility in Asian markets after yesterday’s international rebound and the wars in Ukraine and the Center East.
However first we flip to the US, the place simply hours in the past vice-president Kamala Harris and her newly introduced operating mate Tim Walz made their maiden joint look at a Democratic get together rally.
Introducing Walz to hundreds of cheering supporters in Philadelphia, Harris introduced the Minnesota governor as a champion of dearly held freedoms that Donald Trump was plotting to remove.
“We’re the underdogs on this race, however now we have the momentum and I do know precisely what we’re up in opposition to,” Harris mentioned. “Our marketing campaign will attain out to everybody. From purple states to blue states. From the heartland to the coasts. We’re operating a marketing campaign on behalf of all People,” she added.
Turning from President Joe Biden’s framing of the election as a battle for democracy, Harris and Walz pitched themselves as defenders of non-public freedoms, together with abortion rights and security from gun violence. Here’s what Walz said in his first speech as a vice-presidential candidate.
With Harris now polling neck and neck with Trump, sign up for our US Election Countdown publication to get the newest updates on the White Home race. And right here’s what else I’m retaining tabs on at present:
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Financial information: Germany and France report commerce steadiness figures whereas Halifax has its home worth index for the UK.
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Outcomes: ABN Amro Financial institution, Commerzbank, Glencore, Lyft, Maersk, Novo Nordisk, Walt Disney and Warner Bros Discovery are amongst these reporting. See our Week Ahead newsletter for the complete record.
5 extra prime tales
1. Asian shares edged larger in unstable early buying and selling, in what merchants mentioned was an indication of what to anticipate within the coming days. After main international rebounds from a market rout yesterday, Japanese shares dropped closely at this morning’s open earlier than quickly reversing to a acquire, with Korea and Taiwan following go well with. One dealer mentioned: “It still doesn’t make a lot of sense.”
2. The US has warned Turkey of “penalties” over exports to Russia of US military-linked {hardware}, together with chips and different elements important to Moscow’s struggle in Ukraine. The warning is the newest signal of how Turkey’s retention of commerce ties with Russia has tarnished relations with its Nato ally. Read the full story.
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Struggle in Ukraine: Moscow mentioned that “as much as 300” Ukrainian troops have tried one of many largest incursions into Russia for the reason that begin of its full-scale invasion.
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Navy briefing: Russian forces have exploited Kyiv’s navy shortages and blunders to seize almost double the amount of land Ukraine liberated final yr.
3. Hamas has chosen Yahya Sinwar, the architect of the lethal October 7 assault on Israel, to be its new political chief. Sinwar, who’s Israel’s most needed man, succeeds Ismail Haniyeh, who was assassinated in Tehran final week in an assault that Hamas and Iran have blamed on Israel. Here’s how Sinwar’s elevation could affect hostage and ceasefire talks.
4. China will impose controls on the manufacturing of chemical substances important to producing fentanyl in an indication of rising co-operation with the US, which has been pressuring Beijing to take motion for a number of years. Officers estimate the illicit drug claimed almost 75,000 American lives final yr. More details on what the White House has called a “valuable step forward”.
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Chinese language financial system: China’s export progress missed expectations final month however imports rose in official information launched at present, reversing previous falls as commerce remained the strongest financial driver.
5. UK far-right teams might assault the houses of some migrant-friendly legal professionals at present, the police have been warned. Authorities are braced for a big improve in violence after a message shared throughout far-right activist teams listed 36 targets that additionally included immigration centres and refugee shelters.
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Fuelling hatred: Years of Tory ministers demonising migrants helped put together the bottom for the far-right riots gripping the nation, critics say.
The Massive Learn
India is decided to meet up with China — however strictly by itself phrases. Narendra Modi’s Atmanirbhar Bharat Abhiyaan, or “Self-reliant India”, marketing campaign, has translated to a few of the harshest restrictions on Chinese language inward funding of any main world financial system. However some critics are warning that the prime minister’s robust line on China might starve India of the capital, components and knowhow wanted to understand its ambition of changing into a significant manufacturing energy.
We’re additionally studying . . .
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Coca-Cola: The soft-drink maker might owe $16bn in back taxes, sufficient to wipe out a yr and a half of earnings, with the determine rising by greater than $1bn a yr.
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Massive Tech: Billions of {dollars} in funds which have flowed between Apple and Google could be at risk after a landmark antitrust verdict in opposition to the search large.
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Olympics: A French public pummelled by political chaos have changed their pre-Video games Gallic grumpiness with enthusiasm for Les Bleus, writes Leila Abboud.
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Most cancers: Rising charges of the illness amongst younger folks have profound public well being implications, writes Anjana Ahuja. What could be the culprit?
Chart of the day
Is the world’s largest financial system headed for a recession? Most economists imagine jittery buyers have overplayed fears and a “mushy touchdown” continues to be extra seemingly, however years of bumper growth are over.
Take a break from the information
There are numerous disturbing issues about holidaying overseas, however operating the all-too-familiar gauntlet with automobile rental firms is unquestionably one of many worst. Claer Barrett explains why issues with costly insurance coverage and spurious injury claims are so prevalent — and how you can avoid them.
Extra contributions from Harvey Nriapia and Benjamin Wilhelm