Plus, investors gear up for the Fed's policy decision.

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Daily Briefing

The first group of injured evacuees from the Gaza strip enters Egypt, North Korea closes multiple embassies around the world, and investors gear up for the US Federal Reserve's policy decision.

 

Plus, samurai trash collectors clean Tokyo streets after Halloween revels.

 

By Edson Caldas

Today's Top News

 

Egyptian ambulance convoy which will carry critically injured people waits to go through the Rafah crossing from the Egyptian side. REUTERS/Stringer

ISRAEL AND HAMAS AT WAR

  • A first group of injured evacuees from Gaza crossed into Egypt via the Rafah border crossing, Egyptian local media and a source at the border said. Under the deal reached between Egypt, Israel and Hamas, a number of foreigners and critically wounded people will be allowed to leave the besieged territory.
  • Israel said its fighter jets killed a Hamas commander in a strike on a densely populated refugee camp in Gaza, an attack that also killed at least 50 Palestinians as fighting intensified in the enclave where food, fuel and supplies are running scarce. Follow the latest on the conflict.
  • The Israeli military also said it had deployed missile boats in the Red Sea, a day after the Iran-aligned Houthi movement said it had launched missile and drone attacks on Israel and vowed to carry out more. Israeli National Security Adviser Tzachi Hanegbi said the Houthi attacks were intolerable.

IN OTHER NEWS

  • Pakistani officials reported that more than 100,000 Afghan nationals had returned to their homeland in the past two weeks. Correspondent Ariba Shahid tells the Reuters World News podcast how Pakistan's mass expulsion of undocumented immigrants is forcing many Afghans to return to Taliban rule.
  • North Korea is poised to close as many as a dozen embassies including in Spain, Hong Kong, and multiple countries in Africa. It sets the stage for what could be "one of the country’s biggest foreign policy shakeups in decades," wrote Chad O'Carroll, founder of the North Korea-focused website NK Pro.
  • A Russian drone attack hit and set ablaze the Kremenchuk oil refinery in central Ukraine and falling debris from drones that were shot down damaged railway power lines in a nearby region. Meanwhile, the US Defense Secretary said that Russia would succeed unless the US kept up its support for Kyiv.
  • The US Supreme Court is set to consider whether a California lawyer can own a federal trademark covering the phrase "Trump Too Small" over the objections of the US Patent and Trademark Office in a legal fight over the interplay between trademarks and constitutional free-speech rights.
 

Business & Markets

 
  • With financial markets expecting the Fed to keep interest rates on hold today, policymakers now have to judge whether the US economy's stronger-than-anticipated performance is a last gasp of the consumer splurge that began during the pandemic, or evidence that monetary policy still isn't strict enough.
  • Sam Bankman-Fried's fraud trial is in the homestretch, with US prosecutors and defense lawyers expected to present closing arguments to jurors over whether the FTX cryptocurrency exchange founder stole billions of dollars from customers. Here's our a profile on the onetime crypto mogul.
  • Britain is hosting the world's first global artificial intelligence safety summit this week to examine the risks of the fast-growing technology and kickstart an international dialogue on regulation of it. Here's what we know about the gathering taking place at Bletchley Park in southern England.
  • China's new "economic tsar" He Lifeng is emerging as one of Xi Jinping's most powerful lieutenants, but some sources say he is yet to gain the standing of his predecessor in financial markets and the diplomat community. The 68-year-old replaced internationally respected Liu He as one of China's four vice premiers in March.
  • Tesla is aiming to make 200,000 units of its electric pickup truck, Cybertruck, per year, Chief Executive Officer Elon Musk said. The company had earlier said that Tesla had the capacity to make more than 125,000 Cybertrucks annually, with Musk adding there was potential to lift it to 250,000 in 2025.
  • WeWork plans to file for bankruptcy as early as next week, a source familiar with the matter said, as the SoftBank Group-backed company struggles with a massive debt pile and hefty losses. Shares of the flexible workspace provider fell 32% in extended trading after the Wall Street Journal first reported the news.
 

In Pictures

 

Damaged boats are seen at the Caleta beach in the aftermath of Hurricane Otis, in Acapulco, Mexico. REUTERS/Quetzalli Nicte-Ha

Hurricane Otis ripped through Acapulco as a Category 5 storm wrecking homes, hotels and businesses with 165 mph winds that downed power lines and communications, leaving the city of nearly 900,000 inhabitants incommunicado. More than 100 people are dead or missing.

  • See our photo gallery on the trail of destruction left by Hurricane Otis.
 

And Finally...

 

Keisuke Naka and Ikki Goto pick up trash on the streets of Ikebukuro in the morning after Halloween in Tokyo. REUTERS/Issei Kato

Trash collectors in samurai costumes took to Tokyo's streets this morning, wielding garbage tongs and flicking litter left from an evening of Halloween revelry into wicker baskets on their backs. The group, known as Gomihiroi Samurai, or trash-picking samurai, has attracted a large fan base since it formed in 2006.

  • Read more here: Samurai trash collectors clean Tokyo after Halloween revels
 

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