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Daily Briefing

By Kate Turton

Hello. Israel steps up its Gaza bombardment, and the Dalai Lama is set to reveal his succession plan. Elsewhere, Canada rescinds digital services tax to advance stalled US trade talks, and investors flock to Europe.

Plus, immigration raids leave crops unharvested, putting California farms at risk.

Today's Top News

A view of the Capitol as the Senate considers Trump's sweeping spending and tax bill, on Capitol Hill in Washington, D.C. June 29, 2025. REUTERS/Ken Cedeno

United States

Following up to 20 hours of debate on President Donald Trump's tax cut bill, the Senate will enter an amendment session, known as a "vote-a-rama," before voting on passage. Andy Sullivan joins the Reuters World News podcast to talk about its possible impact on different generations - listen now.
As the bill grinds its way through the Senate, incentives are growing for foreign investors to diversify out of US Treasuries losing sheen from prospects of deficit spending and inflation-boosting tariffs. A nonpartisan forecaster said the bill would add an estimated $3.3 trillion to the nation's debt over a decade.
New York City mayoral candidate Zohran Mamdani defended his democratic socialism and argued that his focus on economic issues should serve as a model for the party, even though some top Democrats have been reluctant to embrace him.
Trump is expected to attend the opening of a temporary migrant detention center in southern Florida dubbed "Alligator Alcatraz", a source familiar with the matter said.

In other news

The Dalai Lama will address a major three-day gathering of Buddhist religious figures this week ahead of his 90th birthday, as his followers wait for the Tibetan spiritual leader to share details about his succession in a move that could irk China. Here's everything you need to know about the Dalai Lama.
The US and Israeli bombing of Iranian nuclear sites creates a conundrum for U.N. inspectors in Iran: how can you tell if enriched uranium stocks, some of them near weapons grade, were buried beneath the rubble or secretly hidden away?
Palestinians in northern Gaza reported one of the worst nights of Israeli bombardment in weeks after the military issued mass evacuation orders, while Israeli officials were due in Washington for a new ceasefire push by the Trump administration.
A Ukrainian F-16 fighter pilot died in a crash while repelling a Russian air attack that involved hundreds of drones, cruise and ballistic missiles, authorities said, as Moscow intensifies night-time air barrages in the fourth year of war.

Business & Markets

Investors and companies are increasingly turning to Europe, drawn by an infrastructure- and defense-led spending push that offers stability at a time when Trump's erratic tariff policies have made the US market a less safe bet.
Canada scrapped its digital services tax targeting US technology firms, just hours before it was due to take effect, in a bid to advance stalled trade negotiations with the United States.
World shares held just below recent record highs as the revival of US/Canada trade talks helped risk sentiment, while the dollar dipped on the prospect of this week's US jobs data ushering in an earlier Fed rate cut. Watch today's market rundown for more.
Britain's economy grew at its fastest pace in a year in the first three months of 2025 as homebuyers rushed to beat a deadline on property purchases and manufacturers sped up output ahead of Trump's higher import tariffs.
Britain's competition regulator said it has started a Phase 1 investigation into Boeing's planned acquisition of Spirit Aerosystems, setting a deadline of August 28 for a decision.
Nissan has asked some suppliers to allow it to delay payments to free up short-term funds, according to several emails and a company document reviewed by Reuters, as the troubled Japanese automaker scrambles to boost cash.

Immigration raids leave crops unharvested, California farms at risk

A Guatemalan immigrant works on a crop field at a farm in Kern County, California, U.S., June 19, 2025. REUTERS/Pilar Olivares

Lisa Tate is a sixth-generation farmer in Ventura County, California, an area that produces billions of dollars' worth of fruit and vegetables each year, much of it hand-picked by immigrants in the US illegally.

Tate knows the farms around her well. And she says she can see with her own eyes how raids carried out by agents from Immigration and Customs Enforcement in the area's fields earlier this month, part of President Trump's migration crackdown, have frightened off workers.

Read more

And Finally...

Customers shop for 'Kolhapuri' sandals, an Indian ethnic footwear, at a store in New Delhi, India, June 27, 2025. REUTERS/Adnan Abidi

Luxury fashion powerhouse Prada has acknowledged the ancient Indian roots of its new sandal design after the debut of the open-toe footwear sparked a furore among Indian artisans and politicians thousands of miles from the catwalk in Italy.