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- Japan's benchmark 10-year bond yield struck the key 3% barrier for the first time since 1996, amid a deepening global debt selloff as traders fret about oil-driven inflation, monetary tightening and worsening fiscal conditions.
- With the Middle East crisis stoking price pressures globally, yields have been spiking from Tokyo and Sydney to New York and London as investors anticipate the need for central banks to raise interest rates. Here's what analysts are saying about the selloff.
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- Donald Trump's Truth Social post claiming Iran's Kharg Island was "blown to smithereens" is raising questions about the use of social media as a foreign policy tool. White House reporter Jacob Bogage tells the Reuters World News podcast why leaders are now forced to treat the platform as a direct line to the president's thinking.
- China's state-owned shipping giant COSCO uses concealed equipment on board its ships to spy on military communications near the coastlines of target nations including the US, two senior Trump administration officials said.
- Nepali rescuers built temporary bridges to reach remote areas and dug through the ruins of hydropower projects in the Himalayas to rescue close to 300 trapped workers, nearly a week after devastating floods left a trail of destruction across the country's towns and valleys.
- The United States' move to welcome Russia back to a meeting of G20 countries while denying some journalists access to the gathering dismayed some finance leaders present, deflecting from its bid to focus talks on global economic growth.
- An ex-street gang leader accused of orchestrating the drive-by shooting death of hip-hop star Tupac Shakur three decades ago in Las Vegas was convicted of murder for his role in a long-unsolved crime that silenced one of rap music's most influential voices.
- Russian air attacks killed 12 people and injured several more in Kyiv and the surrounding region, authorities said, in the sixth consecutive day of strikes on the Ukrainian capital.
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Shein representatives strike a ceremonial drum during the listing ceremony at the Hong Kong Stock Exchange. REUTERS/Tyrone Siu
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- Shares in online fast-fashion retailer Shein dropped 4% in their first day of Hong Kong trade, as investors worried about the impact of setbacks that long delayed its listing and have undermined its competitive advantages.
- France started imposing penalties on the extreme end of fast fashion to try to curb a surge in sales of cheap clothing sold by e-commerce sites including Shein and Temu.
- Indian authorities have raided an illegal operation in Mumbai that faked expiry dates and nutritional information on original food products manufactured by PepsiCo, Nestle, Coca-Cola and Unilever so they could be exported to other countries.
- Surging global demand for AI hardware kept Asia's factories humming in August, private surveys showed, brightening prospects for the export-reliant region even as the prolonged Middle East war fuels uncertainty and rising costs.
- North American Blue Energy Partners will take over some oilfields previously controlled by several Chinese companies and a Russian firm. The takeover will be part of a sweeping oil production agreement that President Donald Trump announced with Venezuela.
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Poland pivots to home-grown defense production as it builds Europe's biggest army |
Polish Navy frigate ORP Wicher sits on a semi-submersible barge following a christening and naming ceremony. REUTERS/Mateusz Kaczmarek
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While the Ukraine conflict has prompted higher defense spending across Europe, in Poland it's a top priority as the country shares a border with Ukraine and sees Russia as an existential threat.
Its aim to reduce reliance on far-flung suppliers unable to quickly ramp up deliveries reflects a broader rethink as European governments seek to rebuild defense industrial capacity.
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Contestants take part in a New York City Mayor Zohran Mamdani lookalike contest at Washington Square Park. REUTERS/Adam Gray
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A $100 prize was on offer for the winner of a lookalike contest to find New York City Mayor Zohran Mamdani's doppelganger.
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