| |  |  | The Reuters Daily Briefing | Wednesday, June 15, 2022 by Linda Noakes | Hello Here's what you need to know. The ECB meets to tackle the bond market rout, the Fed is set to deliver the biggest rate hike in decades, and bitcoin tumbles as the crypto sell-off accelerates | | | | | Today's biggest stories  A trader works on the floor of the New York Stock Exchange, June 14, 2022. REUTERS/Brendan McDermid BUSINESS & MARKETS European markets rallied on news that the European Central Bank would hold an emergency meeting on the recent bond market sell-off ahead of what is expected to be the most aggressive rise in U.S. interest rates since 1994.
Bond investors are embracing safety in their portfolios as volatile markets price in a super-sized hike from the Federal Reserve following evidence of scorching inflation.
Bitcoin tumbled to a new 18-month low, dragging smaller tokens down with it and spurring a sharp fall in crypto markets sparked by crypto lender Celsius freezing customer withdrawals.
China's internet search engine giant Baidu is in talks to sell its controlling stake in iQIYI, China's answer to Netflix, in a deal that could value all of iQIYI at about $7 billion, people with knowledge of the matter said.
H&M, the world's second-biggest fashion retailer, posted a bigger-than-expected rise in sales in the three months from March, joining its main rival Inditex in reporting a rebound in demand after the pandemic.
Private capital has a keen eye on British bus companies. Low valuations, hopes that travelers will ditch cars, and government incentives to invest in environmentally-friendly vehicles are enticing buyers, with three out of four major London-listed bus operators attracting takeover interest in recent months.
|  Activists block a road as they protest against the British government's plans to deport asylum seekers to Rwanda, near Heathrow airport in London, June 14, 2022. REUTERS/Henry Nicholls
WORLD
Britain pressed on with its plan to deport asylum seekers to Rwanda despite a last-minute intervention by European judges that grounded the first flight minutes before it was due to depart.
South Korea's unionized truckers headed back on the roads after the union and the transport ministry reached a tentative late-night agreement, ending a nationwide strike that crippled ports and industrial hubs. But the truckers' win is no harbinger of labor market peace.
Thailand's opposition parties filed a no-confidence motion against Prime Minister Prayuth Chan-ocha and 10 cabinet ministers, accusing them of graft, economic mismanagement and of undermining democracy and clinging to power.
The United States backed Taiwan's assertion that the strait separating the island from China is an international waterway, a further rebuff to Beijing's claim to exercise sovereignty over the strategic passage.
France announced that soldiers from its operation battling Islamist militants in the Sahel region of West Africa had captured Oumeya Ould Albakaye, a senior Islamic State figure in Mali.
U.S.
Republican U.S. Representative Tom Rice, who voted to impeach Donald Trump after the Capitol riot, lost his re-election bid in South Carolina, while a second Republican incumbent targeted by the former president prevailed.
Trump failed to persuade New York's highest court to halt depositions in a state probe into his family real estate business, clearing the way for him to testify next month.
President Joe Biden's public approval rating fell to 39% in its third straight weekly decline, approaching the lowest level of his presidency, according to a Reuters/Ipsos opinion poll.
Florida's ban on abortions after 15 weeks of pregnancy violates the religious freedom of Jews because Jewish law requires the procedure in some cases, a Boynton Beach synagogue said in a lawsuit.
A North Carolina charter school's requirement that girls wear skirts based on the view that they are "fragile vessels" deserving of "gentle" treatment by boys is unconstitutional, a federal appeals court ruled.
| | | | | | | | | | | Video of the day  Baking acrobatics: how to make Georgian shoti bread Making the traditional bread requires considerable agility, as the baker must get into the oven and hang upside down. | | | Thanks for spending part of your day with us. | | | | | |
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