| |  |  | The Reuters Daily Briefing | Thursday, July 7, 2022 by Linda Noakes | Hello Here's what you need to know. Ukraine raises its flag on Snake Island, chipmakers revive stock markets, and an explosion rocks 'America's Stonehenge' | | | | | Today's biggest stories  A view of 10 Downing Street, where British Prime Minister Boris Johnson is expected to make a statement, in London, July 7, 2022. REUTERS/Henry Nicholls WORLD
Boris Johnson will announce his resignation as British prime minister today after he was abandoned by ministers and his Conservative Party's lawmakers who said he was no longer fit to govern. We look back at the many scandals of Johnson's premiership, and explain how a new prime minister will be chosen.
Ukrainian forces raised their national flag on a recaptured Black Sea island in a symbol of defiance against Moscow, but Russian forces consolidated gains in eastern Ukraine and probed the defenses of potential new targets. Russian Foreign Minister Sergei Lavrov was on the Indonesian island of Bali preparing for a G20 gathering that will be his first face-to-face meeting with the fiercest critics of his country's invasion of Ukraine. Here's what you need to know about the conflict right now.
Millions in Shanghai queued up for a third day of mass COVID testing as authorities in several Chinese cities scrambled to stamp out new outbreaks that have rekindled worries about growth in the world's second-largest economy. A wave of residents are departing Shanghai, leaving behind their homes and memories, driven out by two years of strict COVID curbs.
Islamic State claimed responsibility for a raid on a Nigerian prison in the capital Abuja which freed around 440 inmates, raising fears that insurgents are venturing from their enclaves in the northeast.
The global cost-of-living crisis is pushing an additional 71 million people in the world's poorest countries into extreme poverty, a new report published by the U.N. Development Programme has warned.
|  Community members embrace and cry in the Chicago suburb of Highland Park, July 6, 2022. REUTERS/Cheney Orr U.S. The man accused of killing seven people and wounding dozens of others at an Independence Day parade outside of Chicago admitted to authorities that he carried out the shooting, a prosecutor said during the suspect's first court appearance. Meanwhile, police in Richmond, Virginia said they thwarted a planned Fourth of July mass shooting in the state capital, after receiving a tip.
An Uvalde police officer awaiting a supervisor's permission to fire his rifle missed a chance to take out a school shooter who went on to massacre 19 children and two teachers, according to a report commissioned by the Texas Department of Public Safety.
Senator Lindsey Graham will not comply with a subpoena issued by a grand jury in Georgia investigating former President Donald Trump's alleged attempts to overturn the results of the 2020 election, attorneys for the lawmaker said.
Florida Governor Ron DeSantis, a rising Republican star, has been careful not to nurture growing speculation that he will make a presidential bid in 2024. But there are signs that he could be preparing for a White House run even as he campaigns for another term as governor in November's midterm elections.
A peculiar granite monument that some have dubbed "America's Stonehenge" but a conservative politician condemned as "Satanic" was torn down by authorities in rural Georgia hours after it was heavily damaged in a bombing by vandals.
| BUSINESS & MARKETS Chipmakers revived stock markets, helping to sooth investor worries over a potentially rapid recession because of looming rate hikes, while the euro struggled near a 20-year parity with the safe-haven dollar. Semiconductor firms rose in Europe after South Korea's Samsung posted its best second-quarter profit in four years.
A deteriorating inflation situation and concern about lost faith in the Federal Reserve's power to make it better prompted U.S. central bank officials to rally around an outsized interest rate increase and a firm restatement of their intent to get prices under control, minutes of the June 14-15 policy meeting showed.
Pavel Zavalny, the head of the energy committee in Russia's lower house of parliament, said that the Sakhalin-1 oil and gas project in the country's far east, will be put under Moscow's jurisdiction, just like neighboring Sakhalin-2.
The European Parliament backed EU rules labeling investments in gas and nuclear power plants as climate-friendly, throwing out an attempt to block the law that has exposed deep rifts between countries over how to fight climate change.
EDF and the French government are seeking a new boss for the power utility, a day after France said it would fully renationalize the debt-laden company. EDF, in which the state already has an 84% stake, is one of Europe's biggest utilities and is central to France's nuclear strategy.
| | | | | | | | | | | Video of the day  Pamplona bull-running festival back with a bang Thousands of revelers wearing white clothes and red scarves filled the streets of Spain's Pamplona as the bang of a firecracker kicked off the first San Fermin bull-running festival since 2020. | | | Thanks for spending part of your day with us. | | | | | |
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