Russia and Ukraine to hold more peace talks

04:10 |

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Daily Briefing

By Kate Turton

Hello. In Europe, Polish nationalist Nawrocki wins the presidency, while Russia and Ukraine are still far apart on peace.

Elsewhere, eight people were injured when a man threw incendiary devices into a crowd in Colorado, and Trump's tax bill threatens higher costs for lower-income Americans.

Plus, in Kharkiv, ballet offers 'rebirth' after bombs and bullets.

Today's Top News

A serviceman fires a 2S7 Pion self-propelled gun toward Russian positions, Donetsk region, Ukraine. REUTERS/Anatolii Stepanov

Europe

Russian and Ukrainian officials are due to sit down for their second round of direct peace talks with no sign they are any closer to an agreement, one day after Kyiv struck some of Moscow's nuclear-capable bombers. Max Hunder joins the Reuters World News podcast with the latest on the attacks and the upcoming talks.
Nationalist opposition candidate Karol Nawrocki narrowly won Poland's presidential election, delivering a major blow to the centrist government's efforts to cement Warsaw's pro-European orientation. Here's everything you need to know about Poland's next president.
Britain will expand its nuclear-powered attack submarine fleet as part of a defense review that is designed to prepare the country to fight a modern war and counter the threat from Russia.

In other news

Eight people were injured when a 45-year-old man yelled "Free Palestine" and threw incendiary devices into a crowd in Boulder, Colorado where a demonstration to remember the Israeli hostages who remain in Gaza was taking place, authorities said.
The US Department of Homeland Security removed a list of "sanctuary" states, cities and counties from its website following sharp criticism from a sheriffs' association that said a list of "non-compliant" sheriffs could damage the relationship between the Trump administration and law enforcement.
More than 30 Palestinians were killed and nearly 170 injured in south Gaza near a food distribution site, the health ministry said, as witnesses reported Israeli soldiers fired on people trying to collect aid and Israel denied it.
At least 34 people have died in India's northeastern region after heavy floods caused landslides over the last four days, and the weather department predicted more heavy rain.
South Korea's leading presidential hopefuls were crisscrossing the country on the final day of campaigning before converging on Seoul, vowing to revive an ailing economy and put months of turmoil over a failed martial law attempt behind them.

Business & Markets

Cranes and shipping containers at Pyeongtaek port in South Korea. REUTERS/Kim Hong-Ji/File photo

Shares in South Korean and Vietnamese steelmakers, major Asian exporters of the metal to the United States, dropped after President Donald Trump said he would double tariffs on imported steel and aluminum to 50%.
Stocks and the dollar slipped as US-China trade tensions bubbled and investors turned defensive ahead of US jobs data and a widely expected cut in European interest rates. For more, watch our daily rundown on financial markets.
Some senior Tesla executives were alarmed last year when Elon Musk denied a Reuters report that the company had killed a planned all-new $25,000 EV that investors had expected to drive explosive vehicle sales growth, according to people familiar with the matter.
Federal Reserve Governor Christopher Waller said that interest rate cuts remain possible later this year even with the Trump administration's tariffs likely to push up price pressures temporarily.
Oil prices jumped by about 3% after producer group OPEC+ kept output increases in July at the same level as the previous two months. Sign up for the Power Up Newsletter for everything you need to know about the global energy industry.
France's Sanofi has agreed to buy US-based Blueprint Medicines Corporation for over $9 billion to boost its position in rare immunology diseases, in what would be the biggest healthcare deal in Europe this year, according to LSEG data.

Trump tax bill poses limited benefits, higher costs for lower-income Americans

Trump attends an event about the economy at the Circa Resort and Casino in Las Vegas. REUTERS/Leah Millis/File Photo

Trump's signature tax break on tips promises relatively few upsides for low-income Americans, who face a net loss of income under his massive tax and spending bill in Congress, analysts say.

The new tax break is one of several aimed at helping working-class Americans who are a key bloc in Trump's political coalition. But experts say it would reach only a fraction of the bartenders, hairdressers and other workers who rely on tips. And those who benefit could see gains outweighed by cuts to healthcare and food assistance.

Read our analysis

And Finally...

Ballerina Olha Sharikova in the underground area of the National Academic Opera and Ballet Theatre, Kharkiv. REUTERS/Marko Djurica

In the dark, brick-walled basement of the Kharkiv National Academic Opera and Ballet Theatre, a dance company has created a space protected from drones and bombs where audiences can lose themselves in performances of classic ballets.

View the photo essay

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