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Reuters Daily Briefing

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Jan 17, 2025, 6:58:06 AMJan 17
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And here's how Biden or Trump can still rescue TikTok.

Daily Briefing

Daily Briefing

By Kate Turton

Israel says Hamas is set to release the first hostages under the Gaza ceasefire deal, a SpaceX Starship rocket broke up in space minutes after launching, and immigrant US farmworkers prepare for Trump's mass deportation plan.

Plus, our pictures of the week.

Today's Top News

Supporters and family members of hostages kidnapped during the deadly October 7, 2023, attack on Israel by Hamas, January 16, 2025. REUTERS/Shir Torem

Business & Markets

  • China's economy grew 5% last year, matching the government's target, but in a lopsided fashion, with many people complaining of worsening living standards as Beijing struggles to transfer its industrial and export gains to consumers.
  • A sell-off in US Treasury markets in recent weeks was likely made worse by corporate plans to borrow nearly $190 billion in the bond market this month, bankers and analysts said, highlighting a risk for markets that is likely to persist this year.
  • Global diesel prices and refining margins spiked following the latest round of US sanctions on Russia's oil trade on expectations the measures would tighten supplies, according to analysts and LSEG data.
  • Seven privately-held Indian startups have been chosen for a first-of-its-kind India-US space and defense collaboration programme, potentially unlocking a lucrative and strategic market for Indian firms, an investor who co-launched the project told Reuters.
  • The US National Highway Traffic Safety Administration said on Friday it was opening a preliminary probe into 877,710 vehicles manufactured by General Motors, after receiving reports alleging engine failure.
  • Glencore approached Rio Tinto late last year about combining the two big copper producers but the discussions are no longer active, a person familiar with the matter said.

The week ahead

  • TikTok parent ByteDance has until Sunday to sell the app to an American buyer or be banned in the US.
  • Donald Trump's inauguration will take place on Jan. 20. It will likely bring with it a Day One-barrage of executive orders on anything from taxes to tariffs.
  • The World Economic Forum in Davos kicks off on Tuesday and will see world leaders including Ukraine President Volodymyr Zelenskiy, European Commission President Ursula von der Leyen and China's Vice Premier Ding Xuexiang in attendance.
  • Here's a look at what's going to matter for markets in the coming week.

Mexico mental health center grapples with extreme violence against migrants 

A woman from Venezuela, who reports having been raped by a group of men after crossing the Darien Gap, covers her face with marigolds. REUTERS/Bernat Parera/File Photo

The Doctors Without Borders’ Comprehensive Care Center in Mexico City is one of the few facilities of its kind, providing treatment for migrants who have endured unthinkable acts of violence.

Mexico-based reporter Cassandra Garrison is on the Reuters World News podcast to share the story of a Venezuelan woman, the horrific attacks she suffered on her migratory journey and how the center is helping her heal. Listen now.

And Finally...

A person dives from a springboard during a hot summer day with the ocean in the background

Sea Point swimming pool in Cape Town, South Africa. REUTERS/Esa Alexander

A selection of our top photography from around the world this week.

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