Daily Briefing

Twenty-four soldiers killed in Israel's worst day of losses in Gaza, Trump and Haley spar over foreign wars, and 'snowball' derivatives feed China's stock market avalanche.

Plus, view our gallery of winter weather seen from above.

By Kate Turton

Today's Top News

Israeli soldiers react while firing a mortar. January 22, 2024. REUTERS/Amir Cohen

MIDDLE EAST

Twenty-four Israeli soldiers were killed in the Gaza Strip, the military said, the biggest Israeli death toll in a single day of the war against Hamas, as Israel pressed on with its biggest ground assault so far in 2024.
US and British forces carried out a fresh round of strikes in Yemen, targeting a Houthi underground storage site and missile and surveillance capabilities used by the Iran-aligned group against Red Sea shipping, the Pentagon said. What does Red Sea disruption mean for Europe's economy?

US ELECTION

President Joe Biden is not on the ballot in New Hampshire's primary election, but it will provide a first at-the-polls gauge of Biden's political strength this election cycle. Here's everything you need to know about the New Hampshire primary.
The two remaining candidates left in the Republican race, Donald Trump and Nikki Haley, head to the primary with entirely different approaches to foreign policy.

IN OTHER NEWS

Malaria kills nearly half a million children under the age of five each year in Africa. Will a new routine vaccination program help stem the tide? Global Health Correspondent Jennifer Rigby has more on the Reuters World News daily podcast - listen now.
Russia unleashed a mass air strike on Ukraine, local officials said, killing at least four people and wounding more than 60 others. Meanwhile, the lack of quality drones is affecting Ukraine's ability to survey and attack Russian positions.
The US Supreme Court agreed to temporarily let US Border Patrol agents cut or remove razor-wire fencing that Texas officials placed along part of the Republican-governed state's border with Mexico to deter illegal border crossings.
Turkey's parliament is expected to approve Sweden's NATO membership bid, clearing the biggest remaining hurdle to expanding the Western military alliance.

Business & Markets

China's plunging stock market is leading to losses on billions of dollars' worth of derivatives linked to the country's equity indexes, fueling further selling as retail investors offload their positions. Here is what investors and market strategists have said about the selloff.
British businesses are warning of a new wave of post-Brexit trade disruption because EU exporters are not ready for UK customs changes which start this month, and Britain's port infrastructure might be unprepared too.
Four of Canada's biggest pension funds managing nearly C$1 trillion ($742 billion) in assets have begun a major expansion into private credit, moving into an area previously dominated by banks.
United Airlines' shares rose about 6% in premarket trading after an upbeat 2024 profit forecast from the carrier that is facing a potential hit from grounding its entire fleet of Boeing737 MAX 9 jets earlier this month.
China's gaming regulator has removed from its website rules it proposed last month aimed at curbing spending and rewards that encourage playing video games, checks by Reuters showed, in a move that boosted gaming company shares.

Riyadh's multi-billion EV dream risks crashing into reality

Riyadh has spent billions to try to turn itself into a hub for electric vehicles and overcome obstacles including a lack of infrastructure, talent and raw materials, as it seeks to catch up in the global race to reap the profits of the new industry. But the kingdom faces tough competition from China and the United States.

Past attempts to attract auto-manufacturers failed.

And Finally...

The frozen 7.8-km Rideau Canal Skateway, the world's largest natural ice-skating rink, re-opens for skating for the first time in two years. REUTERS/Ismail Shakil

Land of ice and snow: Looking down on winter scenes around the world.

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