Reuters Daily Briefing.

Note:  I will be off-island until Saturday, 10 May 2025.  I will return Saturday afternoon.

Today's headlines:  "US-Uk to announce tariff deal" and "India-Pakistan conflict."

Views expressed in this geopolitical news update are those of the reporters and correspondents.  Accessed on 08 May 2025, 1324 UTC.

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et full access to Reuters.com for just $1/week. Subscribe now. Daily Briefing By Kate Turton Hello. In today's news, Pakistan said it shot down 25 drones from India, the US and Britain are expected to announce a deal to lower tariffs on some goods, and the Bank of England cuts rates. We also have a special report on Russia building a major new explosives facility as the Ukraine war drags on. Today's Top News   Police officers stand guard on a road leading to Bilal Mosque after it was hit by an Indian strike in Muzaffarabad, May 7, 2025. REUTERS/Akhtar Soomro India-Pakistan conflict Pakistan said it shot down 25 drones from India in its airspace while India said it "neutralised" Pakistan's attempts to strike military targets with drones and missiles, as fighting spread between the nuclear-armed neighbours. Our graphics team takes a look at how fresh tension between India and Pakistan has hit the commercial aviation industry, forcing rerouting of flights and cancellations. In other news US Transportation Secretary Sean Duffy will call for tens of billions of dollars to overhaul America’s strained air traffic control system. But the plan to fix air traffic control faces huge hurdles. The federal human resources agency at the heart of Elon Musk's efforts to slash the federal workforce is poised to roll out software to speed layoffs across the US government, two people familiar with the matter told Reuters. Federal health agencies will create a database of autism patients enrolled in Medicare and Medicaid that researchers will use to study the causes of autism spectrum disorder, US Health and Human Services Secretary Robert F. Kennedy Jr said. Russian President Vladimir Putin thanked Chinese President Xi Jinping for joining celebrations to mark 80 years since the "sacred" victory over Adolf Hitler in World War Two, and said the two countries stood together now against "neo-Nazism". Israel conducted 14 strikes in the Nabatieh area in south Lebanon, two Lebanese security sources told Reuters, one of Israel's most intense bombardments since a ceasefire brokered by the US in November. Black smoke appeared from a chimney atop the Sistine Chapel at the Vatican, signalling that cardinals meeting in a secret conclave did not elect a new pope during their two morning ballots. Business & Markets   Keir Starmer and Donald Trump shake hands during a joint press conference at the White House, February 27, 2025. Carl Court/Pool via REUTERS/File Photo The United States and Britain are expected to announce a deal to lower tariffs on some goods, the first such agreement since US President Trump imposed levies on countries around the world. The Bank of England extended its slow run of interest rate cuts, reducing rates by a quarter point to 4.25%.  Investors grappling with uncertainty over the economic fallout from Trump's tariffs are facing the likelihood that the chaotic trade backdrop means the path of monetary policy remains up in the air. Watch our daily rundown on markets here. Shipping group Maersk warned that a global trade war and geopolitical uncertainty could trigger a drop in global container volumes this year, although it left its profit outlook unchanged. Toyota expects profit to decline by a fifth in the current financial year, as weakness in the US dollar and the impact of tariffs weigh on the world's largest automaker. Trump’s upheaval of governance norms is a destabilizing force. His policies and pronouncements make it harder for bosses to allocate capital. In this week’s Viewsroom podcast, Breakingviews columnists discuss the impact on corporate America, and beyond. Russia building major new explosives facility as Ukraine war drags on    An explosion lights up the sky during a Russian attack on Kyiv, in April. REUTERS/Gleb Garanich Increasing the supply of explosives available to fill munitions is critical to Russia’s war effort in Ukraine. A Reuters analysis of documents and satellite imagery finds that the new production line could boost its firepower significantly. Listen to Christian Lowe on the Reuters World News podcast as he explains what this could mean on the frontlines of the war with Ukraine. Read our special report And Finally... 47-year-old civil engineer Anyoghe Akwa in his cocoa farmland in Ikom community, in Cross River State, Nigeria, April 25, 2025. REUTERS/Sodiq Adelakun Growing up in Nigeria's cocoa farming area of Ikom in the southeast, Anyoghe Akwa did not see much of a future, so instead he decided to move away, study civil engineering and carve out a career in the construction industry. That was until 2023, when he heard that cocoa prices were surging and farmers back home in Ikom were making a fortune. Read more about Nigeria's 'Cocoa boys' Sponsors are not involved in the creation of newsletters or other Reuters news content. Advertise in this newsletter or on Reuters' website Reuters Daily Briefing is sent 5 days a week. Think your friend or colleague should know about us? Forward this newsletter to them. They can also sign up here. Want to stop receiving this email? Unsubscribe here. To manage which newsletters you're signed up for, click here. This email includes limited tracking for Reuters to understand whether you’ve engaged with its contents. For more information on how we process your personal information and your rights, please see our Privacy Statement. Terms & Conditions © 2025 Thomson Reuters. All rights reserved. 3 Times Square, New York, NY 10036

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