Reuters Financial News

Russia launched an air attack on Kyiv early on Sunday, with blasts ringing out across the Ukrainian capital and its region for almost two hours and drone debris falling on several of the city's central districts, Ukrainian officials said. Ukraine's Land Forces said that the country's air defence systems destroyed 25 out of 32 Russia-launched Iran-made Shahed drones, most of which targeted Kyiv and the Kyiv region. Reuters witnesses heard at least five blasts across Kyiv, and Ukrainian media footage showed a number of cars damaged. «Drones came onto the capital in groups and from different directions,» Serhiy Popko, head of Kyiv's city military administration, said on the Telegram messaging app.Kyiv Mayor Vitali Klitschko said that one person was injured in the historic Podil neighbourhood and a fire broke out near one of the city's parks. Debris from downed drones fell on the Darnytskyi, Solomianskyi, Shevchenkivskyi, Sviatoshynskyi and Podil districts, Klitschko and the city's military administration said. In the Shevchenkivskyi district, drone debris sparked a fire in an apartment, which was quickly extinguished. There were no immediate reports of injuries, Popko said on the Telegram messaging app. There was no immediate comment from Russia about the attacks.

G20 Summit remained full of heavy engagements for the world leaders here in New Delhi including the announcement of a historic connectivity deal between India, the Middle East, and Europe. The US, India, Brazil, and South Africa reaffirmed their shared commitment to the G20, which is to deliver solutions for the shared world. Morocco's government said that 2,000 died and 329 were injured after a powerful quake, more than doubling the earlier toll.

Gauff, the third American teenager to win the US Open after Tracy Austin and Serena Williams, thanked all those who doubted her talent. "Honestly thank you to the people who didn't believe in me," she joked. “To those who thought they were putting water on my fire, they were putting gas on my fire and I'm burning so bright right now." This win has come as a remarkable turnaround for Gauff, who was left distraught after a first round exit at Wimbledon in July.

Reuters noted. As per initial reports, there has been one reported injury, Klitschko added.

Narendra Modi announced the adoption of New Delhi G20 Leadership Declaration at G20 Summit on Saturday. The group had reached common ground on the missive following much deliberation on how to address the Ukraine war.

The world's most powerful countries remained divided on ways to address the Ukraine war as India began hosting the G20 Summit this week. A draft declaration circulated on Friday night left the segment blank, prompting India to circulate a new paragraph among delegates on Saturday. While Western nations push for strong condemnation of Russia, others have sought a focus on broader economic issues.

One is pricey and slow: For a new force of up to 13 nuclear-powered attack submarines, the Australian taxpayer will fork out an average of more than AUD$28 billion ($18 billion) apiece. And the last of the subs won't arrive until well past the middle of the century.

climate change, cryptocurrencies and reforms in multilateral development banks. G20 sherpas have been struggling for days to agree on the language because of differences over the war, hoping to get Russia on board to produce a communique. India's G20 sherpa, or negotiator, Amitabh Kant, said earlier in the day the "New Delhi Leaders' Declaration is almost ready, I would not like to dwell on it ...

Roblox plans to launch its immersive digital worlds platform on Sony's PlayStation devices in October, giving it access to the hundreds of millions of people who use the world's most popular gaming consoles. Roblox will also make its app fully available on Meta's Quest mixed reality devices this month after rolling out a test version in July. That version was downloaded more than a million times within five days, the company said in a blog post.

China's Didi Chuxing rose 52.6% for the April-June quarter from a year earlier to 48.8 billion yuan ($6.65 billion, as the ride-hailing firm emerged from a regulatory crackdown and demand rebounded with the end of strict COVID-19 restrictions. Didi posted a net loss of 300 million yuan, the company said in a statement on Saturday.

₹1.5 lakh crore) each, will be a long-term investment for Australia. These subs are not expected to be operational until past the midpoint of the century. Meanwhile, ‘Ghost Sharks’, which are expected to cost just above AUD$23 million (around ₹123 crore) each, are planned for delivery by mid-2025.

By Arathy Somasekhar and Jonathan Saul

By Ana Isabel Martinez

DATA AND FORECASTS Fresh Fed forecasts to be published at the close of this month's meeting will show how policymakers as a group expect inflation and unemployment to behave, and whether they like Logan think further tightening is likely to be needed. In June, the last time the Fed published economic projections, two-thirds of Fed policymakers indicated they thought rates would need to rise to above 5.5% by year's end in order to bring inflation down sustainably to the Fed's 2% goal. "It's still an open question as we go forward: Have we got sufficiently restrictive to achieve that," New York Fed President John Williams said on Thursday.

A consortium of investors including Blackstone Inc. and Thomson Reuters Corp. raised about £2 billion ($3.4 billion) by offloading shares in London Stock Exchange Group PLC (LSEG) via an overnight placing.

London | Britain’s world-leading offshore wind industry has suffered a major blow, after the government set its subsidy rate too low in the latest auction for licences – and failed to attract a single bidder.

China's Alibaba Group Holding Ltd is putting a potential Hong Kong initial public offering of its Freshippo grocery chain on hold amid weak sentiment for consumer stocks, Bloomberg News reported on Friday, citing sources. The Chinese technology conglomerate has concluded it could likely achieve a valuation of around $4 billion for Freshippo, which is lower than the $6 billion to $10 billion it was targeting when it considered raising a private funding round last year, according to the report.

Joe Biden arrived in national capital Delhi on Friday to participate in the G20 Summit to be chaired by Prime Minister Narendra Modi. US President Biden, along with Janet Yellen, went for closed door meeting with PM Modi on Friday, after the former arrived in India. He was received at the airport by Minister of State for Road Transport & Highways and Civil Aviation Gen VK Singh (retd).

macroeconomic uncertainty. Oil producers Saudi Arabia and Russia extended their voluntary oil output cuts of a combined 1.3 million barrels per day (bpd) to the end of the year which resulted in a sharp surge in international crude prices - reaching a 10-month high peak earlier this week. Brent crude futures were up 53 cents to $90.45 a barrel, while US West Texas Intermediate crude (WTI) futures were up 39 cents at $87.26 a barrel, according to news agency Reuters.

foreign exchange or forex reserves jumped by $4.039 billion to $598.897 billion for the week ended September 1, data from the Reserve Bank of India (RBI) showed on Friday, September 8. With this, forex reserves halted a two-week losing streak and an increase of $4.04 billion from the previous week, recorded the biggest gain in nearly two months. In the previous reporting week, the overall reserves had dropped by $30 million to $594.858 billion.

By Valerie Volcovici