Plus, Thailand's fugitive ex-PM returns.

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Daily Briefing

Donald Trump plans to surrender in Atlanta, Thailand's Srettha to become PM as Thaksin Shinawatra returns, and Japan will start releasing treated radioactive water from the wrecked Fukushima nuclear power plant.

 

Plus, why are space agencies racing to the moon's south pole?

 

By Kate Turton

Today's Top News

 

A crane ship near the discharge outlet meant to release treated water off Fukushima Daiichi nuclear power plant, Fukushima prefecture, Japan August 22, 2023, Kyodo via REUTERS

NUCLEAR POWER

  • Japan said it will start releasing more than 1 million metric tonnes of treated radioactive water from the wrecked Fukushima nuclear power plant on Aug. 24, a plan that has drawn strong criticism from China and local fishing groups. Today's Reuters World News podcast talks to Sakura Murakami in Tokyo about the plans.
  • Shaken by the loss of Russian natural gas since the invasion of Ukraine, European countries are questioning whether they can extend the lives of their ageing nuclear reactors to maintain the supply of affordable, carbon-free electricity. 

ELSEWHERE

  • Six children and two teachers are trapped in chair lift hanging 274 meters (900 feet) above a ravine in Pakistan after a cable snapped, with a tricky helicopter rescue mission being hampered by high winds, rescue officials said.
  • Donald Trump plans to surrender on Thursday in Atlanta in connection with his indictment in Georgia on charges he sought to overturn his 2020 election loss in the state, he said on social media.
  • US President Joe Biden praised the "remarkable resiliency" of the people of Maui, after wildfires killed more than 114 people on the Hawaiian island two weeks ago and said America would stand by them for as long as it takes.
  • Thailand's Srettha Thavisin won his bid to become prime minister as his ally, fugitive former premier Thaksin Shinawatra, set foot on Thai soil for the first time since 2008. The billionaire figurehead of the populist juggernaut Pheu Thai Party fled abroad 15 years ago before he was jailed in absentia.
  • Leaders of the BRICS nations - Brazil, Russia, India, China and South Africa - are due to open a summit in Johannesburg where they will weigh expanding membership as some members push to forge the bloc into a counterweight to the West. 
 

Business & Markets

 
  • Surging US Treasury yields are sending shudders through riskier areas of the market, leaving investors to wonder how badly it will dent a rally that has lifted everything from stocks to bitcoin this year.
  • S&P Global cut credit ratings and revised its outlook for multiple US banks, following a similar move by Moody's, warning that funding risks and weaker profitability will likely test the sector's credit strength.
  • A traffic jam from hell at the Panama Canal is reverberating around the globe - Correspondent Lisa Baertlein speaks to the Reuters World News podcast.
  • Germany's greenhouse emissions gap will probably be bigger than the government's estimates in 2030 even if planned emission reduction measures are fully implemented, a council of climate experts that advises the government said. Sign up for the Reuters Sustainable Switch newsletter.
  • Microsoft said that its acquisition target Activision would sell its non-European streaming rights to Ubisoft Entertainment as part of a restructured transaction to get it past British regulators.
  • Goldman Sachs is weighing the sale of a part of its wealth business, it said, as it shifts its focus back to serving the ultra-rich and away from high-net-worth clients in mass markets. The Wall Street bank is evaluating alternatives for its registered investment adviser unit which manages about $29 billion.
 

India's boom, Russia's crunch: how money is shaping a new space race

 

A young woman takes a selfie along with a cutout of the Chandrayaan 3 Launch Vehicle Mark-III outside a temple in Mumbai, India, July 14, 2023. REUTERS/Francis Mascarenhas

India's space agency is attempting to land a spacecraft on the moon, a mission that could advance its space ambitions. Here's what's known about the presence of frozen water on the moon - and why space agencies and private companies see it as a key to a moon colony, lunar mining and potential missions to Mars. 

  • Here is how money is shaping a new space race.
 

And Finally...

 

Newlyweds visit an exhibition located on the main street Khreshchatyk, Kyiv, Ukraine August 21, 2023. REUTERS/Gleb Garanich

People attended an exhibition displaying destroyed Russian military vehicles as part of the upcoming celebration of the Independence Day of Ukraine in central Kyiv.

  • In Pictures: Russian tanks on display in Kyiv
 

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