Plus, Joe Biden meets Xi Jinping.

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Daily Briefing

Israeli troops enter Gaza's Shifa hospital after a gunbattle at the gates, Rishi Sunak's Rwanda migrant scheme is declared unlawful by the UK Supreme Court, and Joe Biden meets Xi Jinping in San Francisco.

 

Plus, we look at the promise and risks of deep-sea mining.

 

By Edson Caldas

Today's Top News

 

Medics look at the damages in the wards inside Al Shifa hospital following an Israeli raid. Gaza Ministry Of Health/Handout via REUTERS

ISRAEL AND HAMAS AT WAR

  • Israeli troops entered Gaza's biggest hospital and were searching its rooms and basement, witnesses said, culminating a siege that caused global alarm over the fate of thousands of civilians trapped inside. The head of the World Health Organization said it had lost touch with the hospital staff after the raid.
  • On today's Reuters World News podcast, we hear from surgeon doctor Ahmed el Mokhallalati, who is working in Al Shifa, on what is going on in the hospital. He told Reuters that gunfire forced staff to stay away from windows for their safety as Israeli forces began raiding the complex.

HIGH-PROFILE COURT RULINGS

  • The UK Supreme Court ruled that the government's scheme to send asylum seekers to Rwanda was unlawful, dealing a massive blow to Prime Minister Rishi Sunak. The Rwanda scheme is the central plank of Sunak's immigration policy as he prepares to face an election next year.
  • Germany's constitutional court ruled that the government's re-allocation of 60 billion euros ($65 billion) of unused debt from the pandemic era to a climate fund was illegal. This is a key decision as it sets a precedent for fiscal responses in future crises in Europe's biggest economy.

IN OTHER NEWS

  • US President Joe Biden meets Chinese leader Xi Jinping for the first time in a year later today, for talks that may ease friction between the adversarial superpowers on military conflicts, drug-trafficking and artificial intelligence. Here's what to expect from the meeting in San Francisco.
  • The US Senate is preparing to take up a stopgap spending bill that would avert a partial government shutdown, with little time remaining before funding runs out. The chamber's Democratic and Republican leaders say they support the bill, which passed the House of Representatives by a wide bipartisan margin.
  • At least one person was killed in an overnight Russian missile strike on a town in eastern Ukraine, authorities said. Rescuers were searching through the debris of a wrecked building for survivors this morning after the attack on Selydove, northwest of Russian-occupied Donetsk.
 

Business & Markets

 
  • British inflation cooled by more than expected in October as household energy prices dropped from a year ago while stubbornly high services sector price growth also eased. Annual consumer price inflation plunged to a lower-than-expected 4.6% in October from 6.7% in September, official data showed.
  • China's industrial output and retail sales growth beat expectations last month, but the underlying economic picture highlighted pockets of weakness with the property sector continuing to forestall a full-blown revival. The country's industrial output grew 4.6% in October year-on-year, while retail sales rose 7.6%.
  • Japan's GDP contracted in July-September, snapping two straight quarters of expansion on soft consumption and exports. Separately, the Bank of Japan has stepped up its drum beat of hawkish comments over the past week, in a series of communications insiders say is priming markets for an end to negative rates.
  • Central European defense companies are negotiating new deals in Africa as they seek to poach customers looking for alternatives to Russia. Guns, ammunition and other military equipment were on the agenda in the discussions, companies and government officials said.
  • French car maker Renault said its electric vehicles unit Ampere, which it plans to list on the market next year, forecast 10 billion euros ($10.8 billion) in revenues in 2025, more than doubling to 25 billion euros in 2031. For more on the fast-paced world of automotive technology, sign up to the Auto File newsletter.
 

The promise and risks of deep-sea mining

 

The International Seabed Authority is working to set regulations for deep-sea mining as companies engaged in the clean energy transition clamor for more minerals. That transition will be a central focus at the United Nations’ COP28 climate summit in Dubai from Nov. 30 to Dec. 12.

  • Should the vast treasure of critical minerals that lies on the ocean floor be extracted to help fight climate change? Our graphics team dives into that question.
 

And Finally...

 

Pet owners pray with their dogs as they arrive for a Shichi-Go-San blessing at Zama Shrine. REUTERS/Kim Kyung-Hoon

A traditional ceremony for children is catching on among pet owners in Japan. The Zama Shrine, which lies about 35 kilometers (22 miles) southwest of Tokyo, established a specific prayer site for pets in 2012. It now hosts Shichi-Go-San rituals where pet parents can pray for the health and happiness of their animals.

  • Read more here: Dogs don kimonos, receive blessings in place of children in aging Japan
 

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