REUTERS WORLD NEWS: Rus Nuke Threat, Hurricane Ian, Russian Gas Leak, Snowden a Russian Citizen, More

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Reuters
The Reuters Daily Briefing

Tuesday, September 27, 2022

by Linda Noakes

Hello

Here’s what you need to know.

Russia issues a new nuclear warning, Hurricane Ian churns toward the Florida coast, and the pummeled pound faces a long road back

Today’s biggest stories

 

A member of an electoral commission directs a voter in a polling station during a referendum on the joining of the self-proclaimed Donetsk People’s Republic to Russia, in Donetsk, Ukraine, September 27, 2022. REUTERS/Alexander Ermochenko
RUSSIA & UKRAINE

U.S.

  • Residents fill sandbags at the Al Barnes Park in Tampa, Florida, September 26, 2022. REUTERS/Shannon Stapleton
  • Residents across Florida scrambled to place sandbags around their homes and stockpile emergency supplies, emptying tore shelves as Hurricane Ian spun toward the state carrying high winds, torrential rains and a powerful storm surge. Here are the worst hurricanes in Florida’s history.
  • The Senate will take an initial vote on a stopgap spending measure today to keep federal agencies running past the end of this week, while Congress continues to negotiate bills to fund the government through the next fiscal year.
  • President Joe Biden’s executive actions canceling some student loan debt will cost about $400 billion, about a quarter of funds owed, the Congressional Budget Office said.
  • The trial of Stewart Rhodes, the founder of the far-right Oath Keepers militia, and four others begins in what will be the most high-profile case so far in the Justice Department’s investigation into the Janurary 6, 2021 attack on the Capitol.

Maine state Representative Reagan LaRochelle didn’t spend much time discussing abortion with voters when she ran for office last year. But she said the conversation has changed after the Supreme Court eliminated a nationwide right to abortion. We look at how state legislative races carry high stakes for abortion access.

WORLD

Anti-Brexit protester Steve Bray holds a placard outside the entrance to the opposition Labour Party Conference in Liverpool, Britain, September 27, 2022. REUTERS/Henry Nicholls

BUSINESS & MARKETS

The British pound was higher against the dollar, a day after hitting a record low, as the Bank of England and UK Treasury attempted to soothe market concerns after the government announced a raft of unfunded tax cuts. Investors say Britain’s new government has dealt such a blow to the UK’s standing with markets that rebuilding confidence could take more than emergency interest rate hikes.

The Dow Jones Industrial Average, the oldest of Wall Street’s three main stock indexes, dropped 1.1%, extending the decline from its January peak to more than 20%, meeting a common definition for a bear market.

After weeks of lobbying the White House on how gig workers should be treated, the rideshare, delivery and retail industries are bracing for a new rule that is likely to make it easier to classify them as employees, multiple sources say. We explain how the Biden administration could restrict independent contracting.

Under a new government, Australia is shaping up to be the next big market for offshore wind developers, attracting interest from the likes of Shell, Denmark’s Orsted and Norway’s Equinor. But the industry, starting from scratch Down Under, faces a slew of challenges.

Rocketing LNG cargo prices have squeezed out dozens of smaller traders, concentrating the business in the hands of a handful of international energy majors and top global trading houses.

India’s Adani Group will invest more than $100 billion over the next decade, most of it in the energy transition business, its Chairman Gautam Adani said on Tuesday, as the ports-to-energy conglomerate accelerates an already aggressive expansion plan.

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