REUTERS WORLD NEWS: Record Temps Scorch Europe, Putin Visits Iran, and the ECB Weighs a Bigger Rate Hike

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Reuters
The Reuters Daily Briefing

Tuesday, July 19, 2022

by Linda Noakes

Hello

Here’s what you need to know.

Record temperatures scorch Europe, Putin visits Iran, and the ECB weighs a bigger rate hike

Today’s biggest stories

People cool off in a water fountain in Trafalgar Square in London, July 19, 2022. REUTERS/Henry Nicholls

WORLD

Former Trump White House chief strategist Steve Bannon speaks to the media in Washington, July 18, 2022. REUTERS/Joshua Roberts

U.S.

  • U.S. prosecutors are due to begin making their case that Steve Bannon, a former adviser to former President Donald Trump, broke the law by defying a subpoena from the congressional probe of the attack on the Capitol.
  • A Georgia grand jury has subpoenaed U.S. Representative Jody Hice as Fulton County continues its criminal investigation into alleged wrongdoing over Trump’s attempts to sway the state’s 2020 election results.
  • The gunman who killed three people in a shopping mall near Indianapolis would likely have taken many more lives if not for the “heroic” actions of an armed bystander who shot the suspect dead and stopped the attack, police said. Elisjsha Dicken, who was lawfully carrying a concealed pistol at the time, “engaged” the suspect almost as soon he opened fire with a rifle.
  • Texas state police will form an “internal committee” to review the response by state law enforcement to the May elementary school mass shooting in Uvalde, after a Texas legislators’ probe blamed “systemic failures” and poor leadership.
  • A West Virginia judge blocked officials from enforcing a 19th-century ban on abortions, clearing the way for the state’s lone abortion clinic to resume services.

BUSINESS & MARKETS

  • European Central Bank policymakers are considering raising interest rates by a bigger-than-expected 50 basis points at their meeting on Thursday to tame record-high inflation, sources told Reuters.
  • Russia is seeking payment in United Arab Emirates dirhams for oil exports to some Indian customers, as Moscow moves away from the U.S. dollar to insulate itself from the effects of Western sanctions.
  • SAS and pilot unions have reached a wage deal, ending a 15-day strike over a new collective bargaining agreement that had grounded 3,700 flights and put the Scandinavian airline’s future in doubt.
  • The U.S. Department of Defense agreed with Lockheed Martin to build about 375 F-35 fighter jets over three years, amid expectations the price of the most common version of the aircraft would increase due to inflation and slower production.
  • From his small office in Singapore, Kelvin Pang is ready to wager a $23 million payday that the worst of the chip shortage is not over for automakers – at least in China. We look at how China became ground zero for the global shortage.
  • If you’re waiting for a bitcoin recovery, you may have to sweat it out for months. That’s the conclusion of some technical specialists seeking method from the madness.
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