Pager blasts fuel escalation fears

Operation trail runs from Taiwan to Budapest.

Daily Briefing

Daily Briefing

By Edson Caldas

At least 12 people were killed and nearly 3,000 wounded when pagers used by Hezbollah members detonated simultaneously across Lebanon. Today, we look at the operation's trail, Hezbollah's response, and what else we know so far.

Plus, we cover deadly floods in central Europe and the Federal Reserve's imminent rate cut

Today's Top News

A man's bag explodes in a supermarket in Beirut, Lebanon September 17, 2024 in this screen grab from a video obtained from social media.

A man's bag explodes in this screen grab from a video obtained on social media.

Middle East

Climate

  • The worst floods to hit central Europe in at least two decades have left a trail of destruction. Emergency personnel worked through the night to fortify the Polish city of Wroclaw against approaching flood waters, while Hungary opened a dam as the prime minister warned a "crucial period" was approaching.
  • Water levels of the rivers in the Amazon basin have reached to historic lows, in some cases drying up riverbeds that were navigable waterways. The drought is the most intense and widespread Brazil has experienced since records began in 1950.

United States

  • The Republican-controlled House of Representatives will vote today on legislation that pairs a must-pass spending bill with tighter voting rules, setting up a clash with the Democratic-majority Senate that risks a partial government shutdown.
  • The Teamsters executive board is meeting in Washington as the 1.3 million-member union decides who to endorse in the 2024 presidential election. Its endorsement could be a factor in a handful of battleground states. Follow our election coverage here.
  • Sean "Diddy" Combs used his fame as one of hip-hop's biggest names to coerce women into demeaning sexual acts as part of a long-running scheme of sex trafficking and racketeering, prosecutors said in bringing three criminal charges against him.

Business & Markets

Graph: Fed set to join the global easing cycle.
  • The Federal Reserve will almost certainly lower interest rates for the first time in more than four years later today, as the US central bank starts to reverse the restrictive conditions it imposed to beat back inflation. But whether policymakers opt for a half-percentage-point cut or smaller move remains up in the air.
  • British inflation held steady in August but sped up in the services sector, closely watched by the Bank of England, adding to bets that the central bank will keep interest rates on hold tomorrow.
  • Google won its challenge against a $1.66 billion antitrust fine imposed five years ago for hindering rivals in online search advertising, a week after it lost a much bigger case.
  • Amazon.com named Samir Kumar as its new India head, handing the reins to a 25-year company veteran as the e-commerce giant faces intense competition and regulatory pressures in the country.
  • Boeing and its largest union will resume contract talks today in the presence of federal mediators, after failing to agree on key issues of wages and pensions, the International Association of Machinists and Aerospace Workers said.

How migrant workers suffered to craft the 'Made in Italy' luxury label

Arslan Muhammad, a worker at a former contractor of Richemont-owned luxury brand Montblanc in Italy, joins other migrant workers and union members for a demonstration in favour of fair working conditions in the Made in Italy supply chain, in Geneva.

A demonstration in favor of fair working conditions in the Made in Italy supply chain. REUTERS/Denis Balibous

"Made in Italy: shame in Italy," a handful of migrant laborers who had travelled from Italy's famed leatherware region Tuscany chanted last week in Geneva outside the flagship store of luxury accessory maker Montblanc, holding placards with the slogan.

The workers accused the pen and watches maker of dropping its supplier Z Production because of rising costs. The Chinese-owned contractor, based in Tuscany, had improved its working conditions in October 2022 after years of irregular contracts and long shifts, workers and union officials told Reuters.

And Finally...

Kathryn Hahn attends the 49th People's Choice Awards in Santa Monica, California, on February 18, 2024.

'Agatha All Along' crafts a witch coven community run by women. REUTERS/Mario Anzuoni

Actor Kathryn Hahn met with a person she describes as a real-life witch every week to help her further embrace her role as the witch Agatha Harkness in the show "Agatha All Along." The Marvel miniseries serves as a spin-off of the Emmy-winning "WandaVision," also created by director Jac Schaeffer.

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