Plus, US presence sharpens arms race in Asia.

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Daily Briefing

Daily Briefing

By Anisha De

Hello. We kick off the week with live updates from day two of US-China trade talks in Spain and uncertainty over a TikTok deal. Elsewhere, the US Typhon missile system's presence in Japan sharpens Asia arms race and Trump vows national emergency in Washington over ICE dispute.

Plus, a Palestinian man's daring escape from Gaza to Europe. 

 

Business & Markets News

US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng in Madrid, Spain, September 14, 2025. United States Treasury/Handout via Reuters. 

  • The US will go ahead with a ban on TikTok if China won’t drop demands for reducing tariffs and technological restrictions as part of a divestiture deal, a senior US official with knowledge of negotiations in Spain said.  Meanwhile, US Democrats have asked the Trump administration to press China to curb "structural overproduction", essentially overhauling Beijing's economic model. David Lawder joins today's Reuters World News podcast with the latest.
  • China's factory output and retail sales reported their weakest growth since last year in August, keeping pressure on Beijing to roll out more stimulus to fend off a sharp slowdown in the world's second-largest economy.
  • China's market regulator said that a preliminary investigation had found that Nvidia violated the country's anti-monopoly law, marking the latest hit for the US chip giant.
  • The United States and Britain will announce agreements on technology and civil nuclear energy during Donald Trump's unprecedented second state visit this week, as the UK hopes to finalize steel tariffs under a much-vaunted trade deal.
  • Old-fashioned barter is on the rise in Russia's foreign trade for the first time since the 1990s, as companies seeking to outfox Western sanctions swap wheat for Chinese cars and flax seeds for building materials. Read our story.
  • Fitch's downgrade of France's credit rating has cast a pall over newly installed Prime Minister Sebastien Lecornu as he begins talks to draft a budget, while unions plan strikes over spending cuts and employers protest against the threat of tax hikes.
  • French oil major TotalEnergies has launched the second development phase at Iraq's Ratawi oilfield and has begun building an accompanying seawater treatment plant, it said, the final stages of a $27 billion multi-energy project.
  • France has warned it may try to block some crypto firms licenced in other EU countries from operating domestically as part of a push to get oversight transferred to the bloc’s central securities regulator, the head of its financial watchdog told Reuters.
  • A long-awaited sale hearing expected to complete a US court-organized auction of shares in the parent of Venezuela-owned US refiner Citgo Petroleum is set to begin, with bidders and creditors locked in a bitter dispute over who should win.
 

Today's Top Stories

 

US Marine Corps Air Station Iwakuni demonstrates the Typhon, a ground-launched missile system, in Japan, September 15, 2025. REUTERS/Tim Kelly

Around the world

  • The US showcased its Typhon intermediate-range missile system in Japan for the first time, underscoring Washington and Tokyo's growing willingness to field weapons that Beijing has condemned as destabilising.
  • Nepal's interim Prime Minister Sushila Karki unveiled cabinet roles for three figures with reformist and anti-graft credentials to lead the Himalayan nation after deadly violence led to parliament's dissolution.
  • China is intentionally mischaracterizing World War Two-era documents to put pressure on, and isolate, Taiwan, as those accords made no determination of the island's ultimate political status, the de facto US embassy in Taipei said.
  • A Myanmar military airstrike on a school last week killed at least 19 students, an ethnic militia said, as the war-torn nation's ruling junta steps up a campaign to retake territory ahead of a planned election in December.
  • Russia warned it would go after any European state that sought to take its assets after reports that the EU is looking for new ways to leverage hundreds of billions of dollars of frozen Russian assets to help Ukraine. Separately, US military officers paid a surprise visit to Belarus to observe war games between Russia and Belarus.
  • Israel destroyed a score of buildings in Gaza City, killing at least 16 Palestinians, local health authorities said, while US Secretary of State Marco Rubio visits Israeli Prime Minister Benjamin Netanyahu in Jerusalem.

United States

  • US President Donald Trump said that he would call a national emergency and federalize Washington, D.C., adding to a move critics have called federal overreach, after Mayor Muriel Bowser said its police would not cooperate with Immigration and Customs Enforcement.
  • The man arrested in the killing of right-wing activist Charlie Kirk is not cooperating with authorities, but investigators are working to establish a motive for the shooting by talking to his friends and family, Utah Governor Spencer Cox said.
  • Emergency room saga "The Pitt" was toasted as the year's best television drama, and show-business satire "The Studio" was crowned best comedy, as Hollywood stars handed out trophies at the annual Emmy Awards. Missed out on the Emmys? Here is a list of key winners.
 

From Gaza to Europe, via jet ski: A daring escape story

 

Muhammad Abu Dakha poses for a selfie before sailing with two other Palestinian migrants near Khums, Libya, August 17, 2025. Muhammad Abu Dakha/Handout via REUTERS

It took more than a year, several thousand dollars, ingenuity, setbacks and a jet ski: this is how Muhammad Abu Dakha, a 31-year-old Palestinian, managed to escape from Gaza to reach Europe.

He documented his story through videos, photographs and audio files, which he shared with Reuters. Reuters also interviewed him and his travel companions upon their arrival in Italy, and their relatives in the Gaza Strip.

Read our story