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Daily Briefing

Donald Trump's mug shot was released after he was booked at an Atlanta jail, China has no pain-free solutions for its slowing economy, and what happens to the Wagner Group now?

Plus, a highly mutated COVID variant has been found in many countries, but the pandemic is in "a different phase".

By Kate Turton

Today's Top News

Donald Trump is shown in a police booking mug shot, Atlanta, Georgia, US, August 24, 2023. Fulton County Sheriff's Office/Handout via REUTERS

US NEWS

Donald Trump's mug shot was released after he was booked at an Atlanta jail on more than a dozen felony charges as part of a wide-ranging criminal case stemming from the former US president's attempts to overturn his 2020 election defeat in Georgia. See Trump supporters and protesters rally outside the jail.
Florida Governor Ron DeSantis emerged from the first Republican presidential debate having retained his position as Trump's top rival, but the absence of a game-changing moment for him means other contenders now see more of a chance to dislodge him from his vulnerable No. 2 spot.

IN OTHER NEWS

With mercenary boss Yevgeny Prigozhin believed dead following a plane crash, the fate of the lucrative web of military and commercial operations he and Wagner created for Russia hangs in the balance. Edward McAllister, chief correspondent for West and Central Africa, tells Reuters World News podcast about what those contracts are and what might happen to them.
Russia said that Ukraine had fired a missile towards Moscow and attacked the Crimean Peninsula with 42 drones, one of the biggest known coordinated Ukrainian air attacks to date on Russian-held territory.
A highly mutated COVID variant called BA.2.86 has now been detected in five countries, according to a leading World Health Organization official. A dozen scientists around the world said while it was important to monitor BA.2.86, it was unlikely to cause a devastating wave.
Early parliamentary results in Zimbabwe showed the ruling party and the main opposition neck and neck, after an election in which President Emmerson Mnangagwa's ZANU-PF party was widely expected to maintain its 43-year grip on power.

Business & Markets

Over the past month, various Chinese government departments have announced dozens of measures to boost consumption, heeding calls from a key Communist Party leadership meeting. However, consumers and businesses remain unenthused.
Dutch brewer Heineken said it had completed its exit from Russia by selling its operations there to Russia's Arnest Group for a symbolic one euro. A Reuters exclusive shows Moscow demands bigger discounts from foreign companies exiting Russia.
This weekend US Commerce Secretary Gina Raimondo visits China to shore up ties between two global superpowers that are increasingly drifting apart economically and looking to ship and source goods closer to home.
The US Justice Department sued Elon Musk-owned rocket and satellite company SpaceX for allegedly discriminating against asylum recipients and refugees in hiring.
An oil and gas industry trade group, the state of Louisiana and Chevron sued the Biden administration over its decision to withdraw acreage from an upcoming oil and gas lease sale in the Gulf of Mexico to protect an endangered whale.
Mastercard and Binance will end their four crypto card programmes, a spokesperson for Mastercard said via email. The Binance cards allow users to make payments in traditional currencies, funded by their cryptocurrency holdings on the exchange.

The Week Ahead

Here's a look at the week ahead in markets from Lewis Krauskopf in New York, Kevin Buckland in Tokyo, Yoruk Bahceli in Amsterdam, and Nigel Hunt and Dhara Ranasinghe in London.
A federal judge in Manhattan is expected to consider competing motions by the US Virgin Islands and JPMorgan Chase in the territory's lawsuit over the bank's ties to late financier and sex offender Jeffrey Epstein.
The 2023 US Open, the fourth and final Grand Slam of the year, begins August 28th and runs until September 10th in Flushing Meadows, New York.
Strike season continues next week: miners and teachers will strike in Australia, train strikes will go ahead in the UK, and writers and actors in the US will persevere with labor action.
The Biden administration is expected to release its list of the 10 prescription medicines that will be subject to the first-ever price negotiations by the Medicare health program that covers 66 million people.

Mapping the Prigozhin plane's final flight

Russian authorities say mercenary chief Yevgeny Prigozhin was on board a plane which crashed on Wednesday evening north of Moscow with no survivors, two months to the day after he led an abortive mutiny against the army top brass.

Our graphics team set out to map the flight.

And Finally...

Members of the indigenous Maasai community sing and jump at the inaugural Maa Cultural Week in the Maasai Mara National Reserve, in Narok County, Kenya, August 22. REUTERS/Thomas Mukoya

From wildfires around the world to the excitement in Budapest at the World Athletics Championship, we curate a selection of our top photos of the week.

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