As Trump skips APEC, Xi fills the void

Reuters Daily Briefing <dailybriefing@thomsonreuters.com>
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2025-10-31 11:59

Daily Briefing

By Linda Noakes

Hello. Today we have an exclusive on how Russia used a missile in Ukraine that led Trump to quit the nuclear treaty with Moscow.

Plus, read our inside look at how Syria's new ruler is trying to pivot away from the endemic corruption of Assad's reviled police state.

And 'The Andrew formerly known as Prince' - a royal banishment is welcomed by the British press.

Today's Top News

China's President Xi Jinping talks with South Korea's President Lee Jae Myung. Yonhap via REUTERS

China's Xi Jinping took center stage at an annual gathering of Pacific Rim leaders in South Korea. As US President Donald Trump skips the APEC summit, Xi is filling the void with his message on trade.
Russia has in recent months attacked Ukraine with a cruise missile whose secret development prompted Trump to abandon a nuclear arms control pact with Moscow in his first term as president, Ukraine's foreign minister said.
New York Governor Kathy Hochul declared a state of emergency to issue $65 million for assistance to food banks as federal funding for the national food stamp program is set to lapse tomorrow. Leah Douglas tells the Reuters World News podcast that millions of Americans are wondering how they will feed their families.
Trump set the refugee admissions ceiling at 7,500 for fiscal year 2026, the lowest cap on record, part of a broader effort to reshape refugee policies in the US and worldwide.
King Charles has stripped his younger brother Andrew of his title of prince and forced him out of his Windsor home, seeking to distance the royals from him over his links to the Jeffrey Epstein scandal. Andrew's banishment was welcomed by UK politicians, papers and the public.
Police in Tanzania fired tear gas to disperse groups of protesters who returned to the streets after a general election marred by violent demonstrations, witnesses said.
The ceasefire in Gaza has eased the trauma of Israel's air strikes and blockade but a shortage of cash has left Palestinians unable to spend what little money they have without falling victim to wartime profiteers.

Business & Markets

A chart showing how Nvidia export restrictions have hit sales to China

A wave of bullish options trading has amplified the US stock market's advance toward another major milestone and left dealers positioned so that market swings are likely to be exaggerated in coming days or weeks.
Our Chart of the Week looks at Nvidia, which hit a record $5 trillion valuation but remains a trade flashpoint.
Samsung Electronics said it is in "close discussion" to supply its next-generation high-bandwidth memory chips to Nvidia, as the South Korean chipmaker scrambles to catch up with rivals in the AI chip race.
Amazon's cloud revenue rose at the fastest clip in nearly three years, helping the company forecast quarterly sales above estimates and driving its shares up 14% in after-market trading.
Apple Chief Executive Tim Cook gave forecasts for holiday quarter iPhone sales and overall revenue that surpass Wall Street expectations, powered by orders for iPhone 17 models that the company is racing to fulfill.
Disney's networks went dark on Google's pay-TV platform YouTube TV after negotiations to reach a licensing deal failed.

The Week Ahead

There's good news for those who want more central bank excitement - the Bank of England is likely to bring the drama.
Here's a look at the week ahead in markets.
As the one-year anniversary of Trump's victory arrives, the US Supreme Court hears arguments on the legality of his sweeping tariffs.
The New York City mayoral election, along with governors' elections in Virginia and New Jersey, are being closely watched as possible indicators of each party's prospects in 2026.

No spoils of war: Syria's new ruler lays down the law

Syria's President Ahmed al-Sharaa attends the 'Aleppo, Key to Victory' celebration. REUTERS/Khalil Ashawi/File Photo

"I didn't know the salaries the government pays were this high!" Syrian President Ahmed al-Sharaa joked after more than 100 loyalists arrived at his former rebel base.

"Have you forgotten you are the sons of the revolution?" Sharaa asked the gathered officials and business leaders, remarking upon the large number of Cadillac Escalades, Range Rovers and Chevrolet Tahoes parked outside. "Have you been tempted so quickly?"

Sharaa ordered civil servants with luxury cars to hand over the keys or face being investigated for illicit gains.

Read more

Pictures of the Month

Devotees smoke tobacco outside a chapel during the holiday of Saint San Simon in San Salvador. REUTERS/Jose Cabezas

A selection of our top photography from around the world in October.

View gallery

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