Plus, China is flooding the world with gasoline cars.

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Daily Briefing

Daily Briefing

By Kate Turton

Hello. Trump's push to end the Ukraine war raises fears of an 'ugly deal' for Europe, the White House defends the US attack on a boat from Venezuela as lawful, and meet the young workers shifting towards skilled trades in the face of AI.

Plus, I recommend you read our investigation into how China floods the world with gasoline cars it can't sell at home.

 

Today's Top News

 

A Ukrainian serviceman fires a Bohdana self-propelled howitzer towards Russian troops near the frontline town of Kostiantynivka in Donetsk region. REUTERS/Stringer

Ukraine and Russia at war

  • However US President Donald Trump’s latest push to end the war in Ukraine pans out, Europe fears the prospect of a deal that will not punish or weaken Russia as its leaders had hoped, placing the continent’s security in greater jeopardy.
  • Trump's special envoy Steve Witkoff, along with his son-in-law Jared Kushner, will meet Russian President Vladimir Putin for talks on a possible way to end the deadliest European conflict since World War Two.
  • Meanwhile, Putin hailed what his commanders told him was the full Russian capture of the city of Pokrovsk in eastern Ukraine as an important victory after a prolonged campaign, saying it would help Moscow fulfil its wider war aims.

In other news

  • President Nicolas Maduro is running out of options to step down and leave Venezuela following an ultimatum from the US president. The Reuters World News podcast speaks to Latin America News Editor Christian Plumb about the short phone call. 
  • The White House defended a US admiral's decision to conduct multiple strikes on an alleged Venezuelan drug-smuggling vessel in September, saying he had Defense Secretary Pete Hegseth's authorization, even as critics questioned the legality of a strike.
  • An independent review by vaccine experts of more than 400 studies and reports found that long-standing US policy of giving the hepatitis B vaccine to newborns has cut infections in children by more than 95%. The policy will be discussed and voted on later this week by Centers for Disease Control and Prevention vaccine advisers.
  • Trump vowed this year to flood San Francisco with federal agents – and even soldiers – to crack down on crime. Instead, his administration has quietly taken law enforcement away, leaving the city with less help to fight its deadly drug crisis.
  • Hong Kong's leader said a judge-led committee will investigate the cause of the city's deadliest fire in decades and review oversight of building renovations blamed for fanning an inferno that killed at least 156 people.
 

Business & Markets

 

Plumbing student Maryna Yaroshenko poses in the workshop at City of Westminster College, Paddington, in London, Britain, November 20, 2025. REUTERS/Jaimi Joy

  • In a labor market where artificial intelligence is quickly transforming and sometimes replacing jobs, student Maryna Yaroshenko has joined a growing number of young people who want to find a future-proof career that offers long-term stability.
  • Global growth is holding up better than expected as an artificial intelligence investment boom helps offset some of the shock from US tariff hikes, the OECD said, nudging up its outlook for some major economies.
  • BofA Global Research became the latest brokerage to forecast an interest rate cut by the US Federal Reserve in December, as dovish signals from key voting members and weakness in labor market conditions ramped up hopes of lower borrowing costs.
  • Apple does not plan to comply with a mandate to preload its smartphones with a state-owned cyber safety app and will convey its concerns to New Delhi, three sources said, after the government's move sparked surveillance concerns and a political uproar.
  • Warner Bros Discovery has received a second round of bids, including a mostly cash offer from Netflix,  in an auction that could conclude in the coming days or weeks, a source familiar with the matter told Reuters.
  • Prada said it had completed the acquisition of smaller Italian rival Versace, a brand the luxury group said it had long coveted.
  • China has issued the first batch of new rare earth export licences that should accelerate shipments to certain customers, a source said, fulfilling a key outcome of the summit between Presidents Donald Trump and Xi Jinping.
 

China floods the world with gasoline cars it can't sell at home

 

A production line inside a Dongfeng Honda factory in Wuhan, China. REUTERS/Aly Song

China’s electric-vehicle industry captured half its domestic market in just a few years, crushing sales of gasoline-powered vehicles from once-dominant global automakers.

But foreign players weren’t the only losers. Many Chinese legacy automakers also watched their sales collapse – and responded by flooding the world with fossil-fuel vehicles they couldn’t sell at home.

Read our special report
 

And Finally...

Sweden’s Armand Duplantis in action during the men’s pole vault final during the World Athletics Championships Tokyo 2025. September 15, 2025. REUTERS/Pawel Kopczynski

2025 was a year brimming with sporting drama, seasoned stars and fearless newcomers. These are our best of the year’s most memorable sporting moments so far.

View images