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Daily Briefing

Flooding brings chaos to Hong Kong, North Korea unveils a nuclear-armed submarine, and an Australian labor dispute shakes global gas markets.

Plus, what to watch in the week ahead.

By Linda Noakes

Today's Top News

Drainage workers assist a driver stranded due to flooding in Hong Kong, September 8, 2023. REUTERS/Tyrone Siu

Hong Kong was drenched by the heaviest rain since records began 140 years ago, killing one person and injuring 83, as unusually wet weather caused by typhoons brought more disruption to southern China. Videos showed cascades of water surging down steep hillsides, inundating malls, metro stations and tunnels.
North Korea has launched its first operational "tactical nuclear attack submarine" and assigned it to the fleet that patrols the waters between the Korean peninsula and Japan, state media said.
Leaders of the Group of 20 major economies began arriving in New Delhi for their annual gathering as negotiators struggled to bridge differences over the war in Ukraine. Markets were shuttered and schools closed as the capital locked down.
Cuban authorities said they had arrested 17 people on charges related to a ring of human traffickers that allegedly lured young Cuban men to serve in the Russian military amid the Ukraine conflict.
"That '70s Show" actor Danny Masterson was sentenced to 30 years to life in prison for raping two women who said that the Church of Scientology sought to protect him and intimidate them into silence.
Republican presidential contender Nikki Haley is taking a hazardous path to the nomination. Washington correspondent Gram Slattery tells the Reuters World News podcast why she is pushing her foreign policy vision in a party where isolationism has increasingly taken hold.

Business & Markets

A general view of Chevron's Wheatstone LNG facility in Pilbara coast, Western Australia, as seen in this undated handout image

Workers at Chevron's liquefied natural gas projects in Australia went on strike after talks broke down, potentially disrupting output from facilities that account for over 5% of global supply.
General Motors made a counterproposal to the union representing its US hourly workers in a bid to avoid a costly strike, but United Auto Workers President Shawn Fain called the offer "insulting."
Beijing's widening curbs on iPhone use by government staff raised concerns among US lawmakers and fanned fears that American tech companies heavily exposed to China could take a hit from rising tensions between the countries.
China's Huawei started presales for its Mate 60 Pro+ smartphone, adding a new version to a series that has captured global attention for revealing the Chinese tech firm's success in beating back against US sanctions.
OpenAI's ChatGPT, the wildly popular artificial intelligence chatbot launched in November, saw monthly website visits decline for the third month in a row in August, according to analytics firm Similarweb. But schools coming back into session may help traffic and usage as students seek homework help.

The Week Ahead

It's a packed week ahead for markets with the European Central Bank holding a crunch meeting on whether or not to hike rates again as the economy falters, while the United States releases its latest inflation numbers.
Rising oil prices could re-ignite angst about price pressures. Key UK jobs data and the G20 summit, marked by the absence of China's Xi Jinping, are also in focus. Here's a look at the week ahead from our markets team.
The US expects to elevate its diplomatic relations with former foe Vietnam to the top level when President Joe Biden travels to Hanoi, in a move that may irk China.
A presidential election in the Maldives tomorrow could be decisive in determining whether China or India win a competition for influence over the tiny Indian Ocean island chain.

Photos Of The Week

Take a look at our top images from around the world this week.

And Finally...

Coco Gauff in action during her semi-final match against Karolina Muchova at Flushing Meadows, New York, September 7, 2023. REUTERS/Mike Segar

American Coco Gauff beat Karolina Muchova 6-4 7-5 to reach her first US Open final after the match was halted for nearly an hour when an environmental activist glued his feet to the floor of Arthur Ashe Stadium.

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