US and China arm for space warfare

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2026-09-02 12:56

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Daily Briefing

By Linda Noakes

Hello. Today we have a fascinating insight into secretive plans for potential space warfare.

As the US and Iran renew hostilities, China's Xi lands in Egypt amid shifting Middle East alliances.

Plus, what's behind the selloff in world bond markets? Here's what you need to know.

Today's Top News

A screengrab from a video obtained from social media shows a view shortly before what US Central Command says was a US strike on an Iranian military target.

Iran and its Arab neighbors were plunged back into war by the biggest exchange of fire between Tehran and Washington since July, with US forces striking Iran's southern coast and Iran firing at American bases across the region.
Egyptian President Abdel Fattah al-Sisi welcomed China's Xi Jinping to Cairo as regional turmoil prompts US allies to reassess longstanding security relationships.
The Trump administration has been pushing back against criticism of a deal for the US to gain long-term access to a fifth of Venezuela's proven oil reserves. Hear more on the controversial plan on the Reuters World News podcast.
US Navy aircraft carrier Abraham Lincoln ‌steamed into Thailand's Laem Chabang after 286 days at sea, amid reports of mental health concerns and deteriorating conditions on board.
For the first time in recent history, Danish conscripts have been deployed to Greenland, as Denmark moves to bolster its presence in the Arctic after US demands to acquire the territory.
The US State Department has proposed requiring parents applying for passports for their children to provide proof of their own citizenship or immigration status as part of President Donald Trump's latest effort to limit birthright ‌citizenship.

Bond selloff deepens

Global bonds extended a rout that is raising borrowing costs to multi-decade highs as the Middle East conflict pushes up energy prices, playing into investor fears about inflation and ballooning government debt.
Concerns over America's fiscal outlook are mounting. Long-dated Treasury yields are at their highest levels since 2007, while the national debt has surpassed $40 trillion. We look at the history of financing America, in six crisis episodes.
The Federal Reserve's next move could reshape global markets. Senior Correspondent Howard Schneider talks to Governor Christopher Waller about inflation, growth, and what's next for interest rates. Register here for the September 3 Reuters NEXT Newsmaker.

US and China arm for space warfare

US Space Force personnel monitor orbital operations from a military base in California.

Amid the rapidly-evolving field of military space operations, Beijing and Washington are preparing for the possibility of conflict extending into space.

Militaries now view satellites as possible dynamic weapons capable of launching attacks to disrupt operations with lasers or other technology.

Read more

Business

A worker walks past a data center in Johor state in Malaysia. REUTERS/Hasnoor Hussain

While Nvidia is synonymous with the AI boom, a lesser-known group of power and cooling equipment suppliers is cashing in on a global data center construction spree as developers race to avoid infrastructure bottlenecks.
OpenAI has determined ‌that one of its upcoming models is so capable it requires additional safety measures before it can be launched. The model can spot more security vulnerabilities than the most advanced OpenAI model publicly available today.
Indian billionaire Mukesh Ambani's consumer goods business has launched an ice cream ‌brand, entering a market that includes major global brands such as Magnum and Baskin-Robbins as it deepens its push into packaged goods.
Japan's Honda aims to cut more than $9 billion in costs over the next four years and has instructed suppliers to drastically reduce their prices, according to internal documents and one person familiar with ‌the matter.
BP has appointed Ian Tyler, former ‌CEO of building group Balfour Beatty, as its permanent chairman after firing Albert Manifold in May, citing governance and conduct concerns.

And Finally...

The LUX-ZEPLIN dark matter experiment main detector at the Sanford Underground Research Facility in Lead, South Dakota.

Scientists have made a possible breakthrough in the hunt for dark matter — observing hints of it during an experiment about a mile underground in South Dakota — though they stopped short of saying they have finally detected this elusive cosmic component.

Read more

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