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Daily Briefing

Ukraine is seeing "significant results" from US and German air defense systems, Niger closes its airspace as it refuses to reinstate the president, and will AI be an economic blessing or curse?

 

Plus, North Korean hackers secretly breached top a Russian missile maker.

 

By Kate Turton

Today's Top News

 

Ukrainian servicemen prepare an air defense missile system for work during their combat shift outside of Kyiv, Ukraine, June 16, 2023. REUTERS/Anna Voitenko

  • Ukraine is seeing "significant results" from US and German air defense systems, President Volodymyr Zelenskiy said, despite waves of Russian air strikes. Russia and Ukraine have upped the ante with a weekend of attacks on either side. Reuters World News podcast has the latest.
  • Niger was waiting for a response from the West African regional bloc after coup leaders ignored a deadline to reinstate the ousted president - a move the bloc has warned could lead to military intervention.
  • Lawyers for Pakistan's jailed former prime minister Imran Khan will be allowed to meet him before they file an appeal against a graft conviction that has landed the former cricket star in jail, one of his lawyers said.
  • Russia will evacuate a village in its far east on Aug. 11 as part of the launch of Russia's first lunar lander mission in nearly half a century, a local official said. The Luna-25 lunar lander will be launched from the Vostochny Cosmodrome.
  • Pope Francis said that the Catholic Church is open to everyone, including the gay community, and that it has a duty to accompany them on a personal path of spirituality but within the framework of its rules.
  • Organizers of the World Scout Jamboree raced to evacuate thousands of mainly teenage participants from their South Korea campsite before a typhoon is expected to hit the area just days after a debilitating heatwave.

US NEWS

  • President Joe Biden kicks off a visit to three Western US states as he aims to invigorate his reelection bid by highlighting recent economic gains and his accomplishment funding new infrastructure projects.
  • Donald Trump targeted the federal judge assigned to the case charging him with seeking to overturn the 2020 presidential election, as his lawyer argued that actions Trump took after his loss were just "asks." Who is Tanya Chutkan, the judge in Trump's election trial?
 

Business & Markets

 
  • Economists say historically technological leaps have patchy economic records, and that the touted benefits of artificial intelligence could risk being enjoyed by the few rather than the many.
  • A major increase in solar power generation in southern Europe played a leading role in averting energy shortages during the heatwaves of recent weeks when temperatures broke records and drove unprecedented demand for air conditioning.
  • Around 80% of Hong Kong-based investment banking staff at Credit Suisse will be laid off and the cuts will start from this week, two people with knowledge of the matter said, as part of the bank's integration with UBS Group.
  • British employers reduced the number of new permanent staff they hired through recruitment agencies by the most since mid 2020 last month due to concerns about the economic outlook, adding to signs that the market is becoming tougher for job seekers.
  • Arabica coffee from Brazil usually rated lower grade has arrived in big volumes on the world's main price-setting market, traders said, in a fresh challenge for hand-picked premium beans from less efficient, smaller farms elsewhere.
 

North Korean hackers breached top Russian missile maker

 

Kim Jong Un and Russia's Defense Minister Sergei Shoigu in this image released by North Korea's Korean Central News Agency on July 27, 2023. KCNA via REUTERS/File Photo

An elite group of North Korean hackers secretly breached computer networks at a major Russian missile developer for at least five months last year, according to technical evidence reviewed by Reuters and analysis by security researchers.

 

Reuters found cyber-espionage teams linked to the North Korean government, which security researchers call ScarCruft and Lazarus, secretly installed stealthy digital backdoors into systems at NPO Mashinostroyeniya, a rocket design bureau based in Reutov, a small town on the outskirts of Moscow.

  • Read our exclusive.
 

And Finally...

 

Megan Rapinoe looks dejected as the United States are knocked out of the World Cup REUTERS/Asanka Brendon Ratnayake

Sweden beat the United States 5-4 on penalties to condemn the defending champions to their earliest Women's World Cup exit after the teams were locked at 0-0 at the end of extra time.

 

That ending meant Megan Rapinoe, one of the United States' most decorated players, did not get the Women's World Cup farewell she wanted.

  • Click through: US World Cup reign ends in shootout heartbreak
 

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