Reuters Daily Briefing

"Trump picks RFK, Jr. to lead top health agency."

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Daily Briefing

By Linda Noakes

US allies see risks with Trump's security pick, Sri Lanka's leftist president gets a resounding mandate, and Germany's Scholz faces calls to abandon his re-election bid. Plus, Russians are snitching on each other in a return to Soviet-style denunciations.

Today's Top News   Robert F. Kennedy Jr. takes a selfie at a gala at Mar-A-Lago. REUTERS/Carlos Barria US Donald Trump said he has selected Robert F. Kennedy Jr. to lead the Department of Health and Human Services. Kennedy is an environmental activist who has spread misinformation on vaccines, and his vow to purge the FDA sets up a collision with Big Pharma. Trump’s choice of Tulsi Gabbard as intelligence chief has sent shockwaves through the national security establishment, adding to concerns that the sprawling intelligence community will become increasingly politicized.  Trump said North Dakota Governor Doug Burgum, a wealthy former software company executive, will be his pick for interior secretary. Political correspondent Jim Oliphant has some insights on what all of Trump's appointments have in common, on today's Reuters World News podcast.  In other news Sri Lankan President Anura Kumara Dissanayake's leftist coalition won a thumping victory in a snap general election, gaining power to push through his plans to fight poverty in the island nation recovering from a financial meltdown. Olaf Scholz, Germany's least popular chancellor on record, is facing growing calls within his Social Democrats to step aside and let his Defense Minister Boris Pistorius instead lead the center-left party into next year's federal election. Chinese President Xi Jinping launched a week-long diplomatic blitz of South America by inaugurating a massive deep-water port in Peru, a $1.3 billion investment by Beijing as it seeks to expand trade and influence on the continent. A group of former leaders and climate experts said the annual UN COP climate talks were no longer fit for purpose and needed to be reformed, publishing a critical open letter mid-way through what has so far been a fractious summit.

Business & Markets   The US dollar was poised for a big weekly gain, towering near one-year highs as a hawkish turn from the Federal Reserve chief sent short-term Treasury yields higher, leaving equities in the red. China's factory output growth slowed in October and it was still too early to call a turn in the crisis-hit property sector even though consumers perked up, keeping alive calls for Beijing to top-up its recent blitz of stimulus. Britain's economy contracted unexpectedly in September, an early setback for finance minister Rachel Reeves' ambitions to kick-start a sustained pickup. Reeves promised a reboot of regulation governing Britain's "crown jewel" financial industry, which she said has shackled the City's prospects. Trump's transition team is planning to kill the $7,500 consumer tax credit for electric-vehicle purchases as part of broader tax-reform legislation, sources told Reuters.  Hyundai Motor has named Jose Munoz, its US chief and global chief operating officer, as co-CEO, the first appointment of a foreign national to that rank at a major South Korean conglomerate. The Week Ahead Chip behemoth Nvidia is reporting quarterly results and global PMI data is rolling in as markets continue to digest the fallout from Trump's election win, with bitcoin and the euro taking centre-stage. Here's a look at the week ahead for markets. President Joe Biden heads to South America for a curtain call with global leaders after over 50 years in US politics. He will hold private meetings with Chinese President Xi Jinping and the heads of Japan, South Korea and Brazil during the APEC and G20 summits.

In echo of Soviet era, Russians are informing on each other over Ukraine   Nadezhda Buyanova stands inside an enclosure for defendants during a court hearing in Moscow. REUTERS/Evgenia Novozhenina  On the last day of January, a woman took her son to see paediatrician Nadezhda Buyanova at Polyclinic No. 140 in northwest Moscow.  The conversation that the boy's mother alleged took place during an 18-minute encounter at the clinic would change both women's lives and land the 68-year-old doctor in prison. Read more

Pictures of the Week An aerobatic team performs in Zhuhai, China. REUTERS/Tingshu Wang A selection of our top photography from around the world. See the gallery

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