From Reuters Daily Briefing |
By Robert MacMillan, Reuters.com Weekend Editor |
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Welcome to today's edition of the Weekend Briefing, which – no surprise – tackles tariffs, trade and Treasuries selloffs. Recommended read: Donald Trump's administration wants to make 90 trade deals in 90 days. Experts say good luck with that. Our World News podcast explores Myanmar's challenges in recovering from a deadly earthquake. And this week's edition of City Memo takes us to Chicago. |
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- Alterations: Clothing and accessories retailers are delaying orders and freezing hires ahead of the tariff increases. While that's hard enough for major companies, some smaller operators fear they could go out of business. Here's a look at how the tariffs are hurting other businesses.
- Take it easy: Corporate China spent years living by the 996 rule: work 9 a.m. to 9 p.m. six days a week. Now, companies are beginning to ease off. And Pakistan International Airlines caught sight of something that has eluded the national carrier for more than two decades: an annual profit.
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- Which way forward? The U.S. envoy leading talks with Moscow over the future of its war with Ukraine is alarming Republicans and U.S. allies with his embrace of Vladimir Putin's demands. Witkoff's views clash with Trump's Ukraine envoy Keith Kellogg, and reveal disagreement in the administration over how to break the deadlock between Russia and Ukraine. Martial law likely will continue in Ukraine, which will push back elections even as Russia and the U.S. put pressure on Kyiv to hold a new vote.
- Trouble up north: The U.S. military fired the commander of its Space Force base in Greenland after Vice President JD Vance's visit and said it would not tolerate actions that "subvert" Trump's agenda. Colonel Susan Myers recently took issue with Vance's accusation that Denmark was failing to protect Greenland from Russian and Chinese incursion.
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- 'Hell on earth': That's how the president of the Red Cross described the humanitarian situation in Gaza, warning that its field hospital will run out of supplies within two weeks. Gazans are struggling to find clean water and basic food supplies.
- Migrants and refugees: Eight people, including five children, died on a three-hour walk to seek treatment for cholera after U.S. aid cuts forced local health services in South Sudan to close, a UK charity said. Doctors Without Borders said it identified cases of malnourished children in a migrant camp on the Greek island of Samos. A French presidential hopeful caused an outcry for suggesting that migrants awaiting deportation be sent to the French territory of St. Pierre et Miquelon off the coast of Newfoundland.
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