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Daily Briefing

Russia seeks to restore calm after an aborted mutiny this weekend, the world's central bank umbrella body calls for more interest rate hikes, and Greece's Kyriakos Mitsotakis will be sworn in as prime minister.

Plus, a shot put and hammer throw champion runs a hurdles race to save her team.

By Kate Turton

Today's Top News

People stand near the closed Red Square in Moscow, Russia, June 25, 2023. REUTERS/Evgenia Novozhenina

WHAT HAPPENED IN RUSSIA?

Russia sought to restore calm after an aborted mutiny by Wagner Group mercenaries over the weekend, while Western allies assessed how President Vladimir Putin might reassert authority and what it could mean for the war in Ukraine.
Wagner commander Yevgeny Prigozhin will move to Belarus under the deal mediated by Belarusian President Alexander Lukashenko. Here's everything you need to know about the Russian mercenary chief.
What next for the Russian leader and his war in Ukraine? Hear Reuters Europe Editor Rachel Armstrong unpack it all on today's Reuters World News podcast.

AROUND THE WORLD

North Korea held mass rallies in Pyongyang where people shouted slogans vowing a "war of revenge" to destroy the United States, as it marked the 73rd anniversary of the outbreak of the Korean War, state media reported.
Greece's New Democracy party leader Kyriakos Mitsotakis will be sworn in as prime minister after a resounding victory in a repeat election gave him a second four-year term. Centre-right New Democracy gained 40.5% the vote and 158 seats in the 300-seat parliament, more than 20 points clear of the leftist Syriza.
Conservative former US appeals court judge J. Michael Luttig in an opinion piece said Republicans are making a serious error with "spineless support" for Donald Trump's new bid for the White House. Who is running in the 2024 US presidential election?
People with disabilities in Spain and other European countries have been disproportionately affected by unprecedented heat extremes, a leading human rights watchdog said, urging authorities to provide adequate support.

Business & Markets

The world's central bank umbrella body, the Bank for International Settlements (BIS), called for more interest rate hikes, warning the world economy was now at a crucial point as countries struggle to rein in inflation.
Companies will face more pressure to disclose how climate change affects their business under a new set of G20-backed global rules aimed at helping regulators crack down on greenwashing.
German business morale worsened for the second consecutive month in June, a survey showed, indicating that Europe's largest economy faces an uphill battle to shake off recession.
Deutsche Bank has told clients it can no longer guarantee full access to Russian stocks that belong to them, underlining the challenges global investors face to recover stranded investments in the country's companies.
Big US lenders are expected to show they have ample capital to weather any fresh turmoil in the banking sector during this week's Federal Reserve health checks, although resulting investor payouts are likely to dip slightly, analysts said.
Global energy demand rose 1% last year and record renewables growth did nothing to shift the dominance of fossil fuels, which still accounted for 82% of supply, the industry's Statistical Review of World Energy report said. For more like this, sign up for the Reuters Sustainable Switch newsletter.

A second life for EV batteries? Depends how long the first is

Zenobe's Founder Director Steven Meersman shows off one of the company's chargers for Arriva buses, at a bus depot in London, Britain May 16, 2023. REUTERS/Nick Carey

Automakers have touted plans to re-use electric vehicle batteries when they lose power, but competition for battery packs and cell materials, and the appetite for affordable cars cast doubt on this part of the circular economy.

An array of startups offers second-life energy storage using old EV batteries.

Read more: The second-life energy storage idea is in theory simple.

And Finally...

Belgium's Jolien Maliga Boumkwo in action during the Women's 100m Hurdles, Division 1 Heat B REUTERS/Aleksandra Szmigiel/File Photo

Belgium shot put and hammer throw champion Jolien Boumkwo displayed great team spirit at the European Championships in Poland when she stepped up outside her event and ran a 100 meters hurdles race to save her team from getting disqualified.

Read more here: Belgian shot putter Boumkwo runs 100m hurdles to save team from disqualification

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