Daily Briefing

Israel says its troops captured hundreds of fighters in a Gaza hospital, pressure mounts on Ukraine to scrap its 'sponsors of war' blacklist, and Reddit shares surge on their market debut.

Plus, how scientists are breeding coral to restore degraded reefs.

By Linda Noakes

Today's Top News

Smoke rises during an Israeli raid at Al Shifa hospital in Gaza City. REUTERS/Dawoud Abu Alkas

ISRAEL AND HAMAS AT WAR

Israeli forces have detained hundreds of Hamas and Islamic Jihad fighters including a number of security officials and military commanders during its extended raid into Gaza's main hospital, the military's main spokesperson said.
Israel's spy chief is due to travel to Qatar today for ceasefire negotiations while the US plans to put a resolution calling for an immediate truce in Gaza to a vote of the UN Security Council, intensifying pressure on its ally.
US foreign policy reporter Humerya Pamuk is traveling with Secretary of State Antony Blinken. She joined the Reuters World News daily podcast to explain how exactly he's hoping to change Israeli Prime Minister Benjamin Netanyahu's mind.

IN OTHER NEWS

Ukraine could dismantle within days its "sponsors of war" blacklist, central to Kyiv's campaign to expose companies doing business with Russia, after a backlash from countries including China and France.
The Republican-controlled US House of Representatives and Democratic-majority Senate will scramble to beat a midnight government shutdown deadline by passing a $1.2 trillion bill keeping the government funded through September.
Attacks flared in Haiti's capital as political groups appeared nearer to finalizing a transition council to take over from an absent government. A police operation killed the head of the Delmas 95 gang, Ernst Julme, a day after another gang leader was killed in an apparent resurgence of vigilante justice.
Dozens of members of the opposition Aam Aadmi Party were detained in New Delhi and sporadic protests erupted elsewhere across India on Friday against the arrest of AAP's top leader for graft, weeks before general elections.
Attackers set fire to shops, cars and utility poles in at least 40 locations across Thailand's deep south, authorities said, killing at least one person in a coordinated wave of arson. The area along the border with Malaysia has seen a decades-long, slow-burn insurgency.

Business & Markets

CEO of Reddit Steve Huffman embraces mascot Snoo at the New York Stock Exchange. REUTERS/Brendan McDermid

Social media platform Reddit's shares ended their first day of trading in New York up 48%, signaling that investor appetite for initial public offerings of promising yet loss-making companies could be returning.
The US Department of Justice and 15 states sued Apple as the government cracks down on Big Tech, alleging the iPhone maker monopolized the smartphone market, hurt smaller rivals and drove up prices.
Nike warned that its revenue in the first half of fiscal 2025 would shrink by a low single-digit percentage as the world's largest sportswear maker scales back on franchises to save costs.
FedEx narrowed its fiscal 2024 profit forecast, raising the bottom end and lowering the top, as cost cuts take hold and share buybacks help offset less business from its largest customer, the US Postal Service.
Lululemon Athletica forecast annual revenue and profit below expectations as demand wanes for the apparel retailer's premium athleisure mainly in the North American region, sending its shares down nearly 11% in extended trading.

The Week Ahead

Inflation signals from the United States, Australia and Japan should be in focus in the coming days following a deluge of central bank meetings that included a historic Bank of Japan rate hike.
Sweden's Riksbank could add to drama around who cuts rates now that Switzerland has kicked off easing among big central banks and Europe's IPO wheels are turning.
Here's your look at the week ahead in world markets.

The Week in Pictures

Here's a selection of some of our top news photography from around the world this week.

And Finally...

A coral, illuminated under ultraviolet light, covered by nets set to collect eggs and sperm is seen in the waters off Man Nai Island in Thailand. REUTERS/Napat Wesshasartar

On a starry night, four Thai marine biologists scuba dived through shallow waters off an island in the country's south as billions of pink specks floated up from the ocean floor in a spectacle that takes place only once a year.

The pink specks were sperm and eggs released by coral. The scientists collected as many samples as possible for breeding, as they fight to save Thailand's expansive reefs from degradation driven by warming oceans and human activity.

Read more here: Scientists breed coral in labs to restore degraded reefs

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