UN says starvation imminent.

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Daily Briefing

The U.N. says starvation is imminent as aid supplies to Gaza are halted again, Putin sees an upside to Israel's war with Hamas, and Biden touts workers' rights at APEC.


Plus, a selection of our top photography from around the world this week.

 

By Kate Turton

Today's Top News

 

A view of airstrike in the Gaza Strip. REUTERS/Alexander Ermochenko

ISRAEL AND HAMAS AT WAR

  • U.N. aid deliveries to Gaza were suspended again due to shortages of fuel and a communications shutdown, deepening the misery of thousands of hungry and homeless Palestinians as Israeli troops battled militants in the enclave. 
  • Israel risks facing a long and bloody insurgency if it defeats Hamas and occupies Gaza without a credible post-war plan to withdraw its troops and move toward the creation of a Palestinian state, US and Arab officials, diplomats and analysts said.
  • With mapping robots and blast gel, Israel is waging war on Hamas' tunnels. Clearing the tunnels is an important part of Israel's military campaign against the Palestinian militant group in response to the deadly attack on Oct. 7.

IN OTHER NEWS

  • Russian and Western policy experts say Russian president Vladimir Putin is trying to use Israel's war against Hamas as an opportunity to escalate what he has cast as an existential battle with the West that would end US dominance in favor of a multilateral system.
  • US President Joe Biden said he would keep working to advance a Pacific trade pact, even as his vision for a regional deal to counter China's influence stumbled over his bid to strengthen workers' rights.
  • South Korea aims to ban eating dog meat and put an end to the controversy over the ancient custom amid growing awareness of animal rights, a ruling party policy chief said.
  • The US and its allies have few routes left to rein in Iran's nuclear work with prospects for talks long buried and tougher actions against Tehran running the risk of stoking tensions in a region already enflamed by the Gaza war.
 

Business & Markets

 
  • China's direct interventions to ease a cash crunch for crisis-hit property developers are a step in the right direction, but analysts say these actions must be complemented by stronger fiscal and monetary policies to shore up demand in the sector.
  • British retail sales volumes fell unexpectedly in October as stretched consumers stayed at home, official data showed, in a new warning sign for the economy. Retail sales volumes dropped 0.3% month-on-month, following a revised 1.1% decline in September that was worse than first estimated.
  • Warren Buffett's vote of confidence in Japanese trading houses is helping Mitsubishi overcome long-held investor wariness about its complex global business that covers everything from sausages to natural gas, a top executive said.
  • Alibaba's Hong Kong shares slumped 10% after it scrapped plans to spin off its cloud business, citing uncertainties fueled by US curbs on exports to China of semiconductors used in artificial intelligence applications.
  • The world's biggest luxury brands in China, their second-largest market, have been spooked by a lack of a strong rebound in luxury demand following China's post-pandemic re-opening, adding to jitters about the industry's prospects. They are now targeting the country's wealthiest for growth.
 

The Week Ahead

 
  • Javier Milei is now the favorite to win Argentina's run-off election on Sunday against Peronist economy chief Sergio Massa, but no matter who wins Argentina investors are braced for financial pain.
  • On Wednesday British finance minister Jeremy Hunt delivers his Autumn Statement, on the agenda is tackling of inactivity among working-age people.
  • The US celebrates Thanksgiving on Thursday, and the good news is Thanksgiving dinner will be about 4.5% cheaper in 2023 than in 2022.
  • And as night follows day, after Thanksgiving comes the global shopping spree of Black Friday. 
  • Here is a look at the week ahead from our markets team.
 

How an Indian startup hacked the world

 

Appin codirectors Anuj Khare and Rajat Khare. The company pioneered an e-commerce-style spy service. Handout via REUTERS

Appin was a leading Indian cyberespionage firm that few people even knew existed. A Reuters investigation found that the company grew from an educational startup to a hack-for-hire powerhouse that stole secrets from executives, politicians, military officials and wealthy elites around the globe. Appin alumni went on to form other firms that are still active.

 

Cyber policy reporter Raphael Satter tells the daily Reuters News World podcast how the Indian startup hacked the world - listen now.

 

And Finally...

 

Northern Lights, also called Aurora Borealis, illuminate the night sky near Mo i Rana, Norway. REUTERS/Lisi Niesner

  • A selection of some of our top photography from around the world this week.
 

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