Plus, Russian strikes continue on Ukraine's ports.

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Daily Briefing

The Swedish embassy in Baghdad was stormed and set alight over Koran burning plans, local authorities say Russian strikes on Ukrainian ports continue, and self-healing metal is not just the stuff of science fiction.

 

Plus, the world's cheapest Domino's pizza is in inflation-hit India. It costs $0.60.

 

Yesterday’s headline should have read “The US soldier who fled to North Korea”. Our copy desk will step up its vigilance.

 

By Kate Turton

Today's Top News

 

Protesters climb a fence as they gather near the Swedish embassy in Baghdad ahead of an expected Koran burning in Stockholm, July 20, 2023. REUTERS/Ahmed Saad

AROUND THE WORLD

  • Hundreds of protesters stormed the Swedish embassy in central Baghdad, scaling its walls and setting it on fire in protest against the expected burning of a Koran in Sweden. On the daily Reuters World News podcast, correspondent Johan Ahlander talks about how the Swedish government is trying to get a handle on recent Koran burnings and the backlash against them. Listen now.
  • At least two people and an armed attacker were killed and five others wounded in a shooting in New Zealand's largest city of Auckland, ahead of the opening match of the Women's soccer World Cup in the city.
  • Russia struck residential buildings in a third straight night of bombardments of Ukrainian ports and issued a new threat against Ukraine-bound vessels. The US said this meant Moscow might attack ships on the high seas. 
  • The US is actively engaged in ensuring the return of an American soldier who had crossed into North Korea, an official said, ahead of a trilateral meeting with Japan and South Korea on countering North Korean threats.
  • Russian President Vladimir Putin will not attend a summit of the BRICS nations in August, South Africa said, ending months of speculation about whether the country would arrest him on an international warrant.
  • Chinese President Xi Jinping told Henry Kissinger that "old friends" like him will never be forgotten, striking an easy tone in their meeting in China's capital, amid efforts by Beijing and Washington to mend frayed ties.
  • New York City will distribute flyers at the US-Mexico border telling newly arrived migrants to "consider another city" and limit shelter stays for adult asylum seekers to 60 days, as the city's Democratic mayor says it is straining to house them.
 

Business & Markets

 

People inspect a Jetour Dashing crossover at the Keyauto dealership in Lyubertsy, Russia, July 12, 2023. REUTERS/Maxim Shemetov

  • The relaunch of a classic Soviet-era car, the Moskvich, is a sign of China's growing sway over an important sector of Russia's economy. The sleek four-door SUVs featured engine parts and upholstery from China's JAC Motors.
  • Microsoft was hit with an EU antitrust complaint by German rival alfaview, the second so far over its bundling of video app Teams into its Office product. Regulators are already preparing to open an investigation into Microsoft's move. 
  • Joe Biden's White House has expanded its war on junk fees to the rental housing market, with the president saying US consumers are tired of being treated as 'suckers'.
  • Cell-cultivated meat companies could receive new investment since US regulators cleared the product's sale last month, but the sector must scale up and lower costs to seriously challenge conventional meat, said investors and major food companies.
  • United Parcel Service said it would return to the bargaining table with a better offer for roughly 340,000 Teamsters-represented US workers, in a bid to avert a potentially economically damaging strike on 1 August.
  • China does not want a trade or tech war but will definitely respond if the US imposes more curbs on its chip sector, China's ambassador to Washington said.
 

Rampant inflation forces Domino's to wheel out their cheapest pizza 

 

A staff member packs a pizza at a Domino's restaurant in Noida, India, July 4, 2023. REUTERS/Adnan Abidi

Q: How does the world's biggest pizza brand respond to high inflation in the world's most populous nation? A: With the world's cheapest Domino's pizza.

 

The 49-rupee ($0.60) pizza in India, Domino's No.1 market outside America, is the tip of the spear in its fight against rampant inflation that's squeezing profits and pricing out many customers, according to the CEO of its franchisee there.

  • Read more: the world's cheapest Domino's pizza is in inflation-hit India. It costs $0.60.
 

And Finally...

 

Green marks the spot where a fissure formed, then fused back together in this artistic rendering of nanoscale self-healing in metal

In the 1991 film "Terminator 2: Judgment Day," a malevolent time-traveling and shape-shifting android called T-1000 that was made of liquid metal demonstrated a unique quality. Hit with blasts or bullets, its metal would heal itself.

 

Self-healing metal is still just science fiction, right? Apparently not.

  • Read more here: Self-healing metal? It's not just the stuff of science fiction
 

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