Reuters Daily Briefing: June 13, 2024
By Edson Caldas
Tesla appears to have convinced investors to ratify Elon Musk's $56 billion pay package. Now he must persuade a judge. We also have a report on pro-Trump influencers firing up fears of immigration, and the latest from the war in Gaza.
But first, what to expect from the G7 summit in Italy.
Today's Top News
Italy hosts G7 summit in Puglia. REUTERS/Guglielmo Mangiapane
G7 Puglia summit
Group of Seven leaders will aim to boost funding for Ukraine in its war with Russia and offer a united front in confronting China's political and economic ambitions at their annual summit. Here are key facts and figures about the three-day event.
US President Joe Biden is expected to sign a new security agreement with Ukraine to pledge America's long-term support, while British Prime Minister Rishi Sunak will announce up to $310 million in bilateral assistance to the country.
Chief Correspondent Crispian Balmer joins today's Reuters World News podcast with his insights from the summit.
United States
A new class of influencers supportive of Republican presidential candidate Donald Trump are helping shape the immigration debate. They portray migrants in the country illegally as dangerous and part of a plan to grow the ranks of Democratic voters.
Trump opened up a marginal 2 percentage point lead over Biden this week in the race to win the November election, as voters weigh the recent criminal convictions of Trump and of Biden's son, according to a new Reuters/Ipsos poll.
In other news
Israeli tanks advanced deeper into the western area of Rafah, amid one of the worst nights of bombardment from air, ground, and sea, forcing many families to flee their homes and tents under darkness, residents said. Follow the latest on the Gaza war.
French President Emmanuel Macron urged rival parties to join his alliance against Marine Le Pen's National Rally, while the conservative Republicans ditched their leader over a far-right pact. We look at how the far-right gained traction with Europe's youth.
Business & Markets
Musk says Tesla shareholders voting yes for his pay package. REUTERS/Jonathan Ernst
Tesla shareholders are voting to approve a $56 billion pay package for Elon Musk and to move the electric vehicle maker's legal home to Texas, he said on social media. Here is how Musk's pay package compares with other top CEOs in the US.
In more news about the auto industry, Beijing slammed EU tariffs on Chinese electric vehicles as protectionist behavior and said it hoped the European bloc would correct its "wrong practices" and handle trade frictions through dialogue.
Fast fashion retailer Shein, known for its China-made $5 tops and $10 dresses, has hiked prices by over a third on some core products, in a move likely to boost revenues ahead of its planned IPO, according to an analysis of its pricing strategy.
Microsoft President Brad Smith will testify before a House of Representatives panel on homeland security, fielding questions about the company's security practices after Russian and Chinese hackers breached its systems over the past year.
Soft landing hopes that have powered US stocks this year received a boost following encouraging inflation data and a nod from the Federal Reserve at progress made in fighting consumer prices.
With just five months to go before this year's UN climate summit, countries cannot agree on the size of a global funding bill to help the developing world fight climate change - let alone how to split it. Read our explainer.
In Pictures
Wild horses return to Kazakhstan's Golden Steppe. REUTERS/David W. CernyWild horses return to Kazakhstan's Golden Steppe. REUTERS/David W. Cerny
Przewalski’s horses have returned to the steppes of Kazakhstan after nearly 200 years, part of a scheme to reintroduce the world's last wild horses to their original habitats. In early June, the first group of seven arrived.
And Finally...
Female stunt drivers take on obstacles to working in Hollywood. REUTERS/Reuters TV
For stunt women, Hollywood does not have a good track record, particularly when it comes to driving. That has prompted a group of women to form the Association of Women Drivers, the first ever stunt group for professional female drivers.
