Plus, the US increases vetting of H-1B visa applicants.

Get full access to Reuters.com for just $1/week. Subscribe now.

 

Daily Briefing

Daily Briefing

By Claire Beers

Hello! As global negotiations continue for a peace deal in Ukraine, the country is facing another battle: who will still be there to rebuild the war-torn nation?

Hong Kong races to remove scaffolding nets blamed for fuelling deadly fire, and Trump launches immigration crackdown in New Orleans.

Plus, Chinese super-rich in Singapore turn to low-key luxury.

 

Today's Top News

 

The maternity ward in Hoshcha is silent. Births in the town are dwindling, with millions of Ukrainians having fled the country or been killed in the war. REUTERS/Thomas Peter

Ukraine

  • As the country spirals into a demographic disaster, Ukrainian authorities face a quandary: who will be left to pick up the pieces once the war ends?
  • The path ahead for Ukraine peace talks is unclear, US President Donald Trump said, after what he called "reasonably good" discussions between Russian President Vladimir Putin and US envoys.
  • Putin said that Russia would take full control of Ukraine's Donbas region by force unless Ukrainian forces withdraw, something Kyiv has flatly rejected.

In other news

  • Hong Kong authorities rushed to remove mesh netting on all buildings undergoing renovation across the city after the material was blamed for fanning a blaze last week that has killed at least 159 people.
  • The Trump administration announced increased vetting of applicants for H-1B visas for highly skilled workers, with an internal State Department memo saying that anyone involved in "censorship" of free speech be considered for rejection.
  • US immigration officials began an operation in New Orleans to arrest immigrants in the US illegally, making it the latest city to be targeted by Trump's crackdown. Immigration Reporter Ted Hesson tells the Reuters World News podcast the story of one Mexican mother's anguish over the possibility of being separated from her 10-year-old son.
  • A Pentagon investigation has faulted US Defense Secretary Pete Hegseth for using Signal on his personal device to transmit sensitive information about planned strikes in Yemen, saying it could have endangered US troops if intercepted. Elsewhere, Congress said it will investigate whether the US military committed a war crime in the boat attack off Venezuela.
  • Members of the body that organizes the Eurovision Song Contest will meet to discuss and potentially vote on whether Israel can compete next year. United Nations Secretary-General Antonio Guterres told ReutersNEXT in New York City that there was something "fundamentally wrong" with how Israel conducted its military operation in the Gaza Strip.
 

Business & Markets

 

Bank of Japan Governor Kazuo Ueda meets with Japan's Prime Minister Sanae Takaichi at Takaichi's official residence in Tokyo. Kyodo/via REUTERS  

  • Bank of Japan chief Kazuo Ueda used diplomacy to sell his plan for a December rate hike to Prime Minister Sanae Takaichi. The pitch worked. However, it is less clear how the BOJ plans to communicate the longer-term rate-hike path.
  • At least 175 IndiGo flights were cancelled, leaving passengers at major airports in New Delhi, Mumbai, Hyderabad, Pune, and Bengaluru angry and upset after India's biggest airline did not make sufficient changes to its roster planning to accommodate new government regulations.
  • Trump proposed slashing fuel economy standards that former President Joe Biden had finalized in 2024, in a push to make it easier for automakers to sell gasoline-powered cars.
  • Wikipedia is working with Big Tech on deals similar to its arrangement with Google, the online encyclopedia's co-founder, Jimmy Wales, said in an interview at the Reuters NEXT summit in New York. The move is a bid to help the firm monetize AI companies' heavy reliance on its content.
  • The US dollar was steady near a five-week low after lacklustre US data seemingly cemented the case for a Federal Reserve rate cut next week, providing relief to the yen and pushing the euro to an almost seven-week high. The Reuters Morning Bid podcast has more. 
 

Chinese super-rich in Singapore turn to low-key luxury

 

People ride bikes past the skyline of the central business district in Singapore. REUTERS/Edgar Su

Faced with growing scrutiny by authorities at home and in Singapore, mainland Chinese living in the city-state are being more discreet about their wealth, in a shift that is hitting sales of luxury goods from Bentleys to private jets.

The COVID pandemic and the subsequent economic and market turmoil in China brought even more wealth into the city, boosting demand for high-end property, luxury cars, and designer fashion.

But heightened scrutiny of their assets by authorities in Singapore and in China has prompted the super-rich to be more discreet about their spending.

Read more
 

And Finally...

Workers at a family-run company that pioneered pistachio farming in Argentina, prepare pistachio rootstock. REUTERS/Ramiro Gomez

In Argentina’s rapidly growing pistachio heartland, rows of trees bearing the ripening yellow fruit dot the dry landscape, a sign of how this agricultural region is striving to capitalize on its favorable climate to cash in on worldwide demand for the nut, which has been