Plus, Tesla board's $3 billion stock awards.

Get full access to Reuters.com for just $1/week. Subscribe now.

 

Daily Briefing

Daily Briefing

By Claire Beers

Hello. Australia plans tougher gun laws after the country's deadliest mass shooting in almost 30 years, a Hong Kong court finds tycoon Jimmy Lai guilty in national security trial, and the Tesla board made $3 billion via stock awards that dwarfed tech peers.

Plus, how Canada's farmers are producing record crops despite droughts and floods.

 

Today's Top News

 

Mourners place flowers at a memorial at Bondi Beach. AAP/Bianca De Marchi

Bondi shooting  

  • For between 10 and 20 minutes, two gunmen opened fire on attendees at a Hanukkah event at Sydney's Bondi Beach, gunning down men, women, and children as terrified beachgoers fled. Reuters Graphics mapped out the events here.
  • Australia vowed stricter gun laws as it began mourning victims of its worst mass shooting in almost 30 years, in which police accused a father-and-son duo of killing 15 people at the Jewish celebration. The Reuters World News podcast has more on Australia's gun laws on today's episode. 
  • The deadly attack on the Jewish festival has deepened diplomatic tensions between Prime Minister Anthony Albanese and his Israeli counterpart, as domestic pressure mounted for his government to respond to antisemitism.
  • Ahmed al Ahmed, a Sydney resident who wrestled a gun from one of the alleged attackers during the mass shooting, is recovering in hospital.

In other news

  • Jimmy Lai, the Hong Kong media mogul and China critic, was found guilty on two counts of conspiracy to collude with foreign forces and one count of sedition under a China-imposed national security law that could see him jailed for life. 
  • The man held as a "person of interest" in the Brown University shooting that left two students dead and nine injured will be released from custody. 
  • Ukrainian President Volodymyr Zelenskiy will resume talks with US President Donald Trump's envoys in Berlin, after the US side said a "lot of progress" had been made on ending Europe's deadliest conflict since World War Two.
  • Jose Antonio Kast won Chile's presidential election, leveraging voter fears over rising crime and migration to steer the country in its sharpest rightward shift since the end of the military dictatorship in 1990.
  • Actor-director and political activist Rob Reiner and his wife, Michele Singer, were found dead in their Los Angeles home. Police detectives are investigating the circumstances as an apparent homicide.
 

Business & Markets

 

Tesla Model Y cars are parked outside the newly launched Tesla centre in Gurugram, India. REUTERS/Bhawika Chhabra

  • Tesla's board of directors has earned more than $3 billion through stock awards that far exceeded the value of those given to peers at the biggest US technology firms.
  • iRobot the maker of the Roomba vacuum cleaner, filed for bankruptcy protection, saying that it would go private after being bought by Picea Robotics, its primary manufacturer.
  • Nvidia has told Chinese clients it is evaluating adding production capacity for its powerful H200 AI chips after orders exceeded its current output level. The move comes after Trump said the US would allow Nvidia to export H200 processors to China and collect a 25% fee on such sales.
  • China's factory output growth slowed to a 15-month low, while retail sales posted their worst performance since the country abruptly ended its draconian "zero-COVID" curbs, highlighting the urgent need for new growth drivers heading into 2026.
  • After a stellar 2025, investors expect shares in European banks to keep heading higher in 2026, supported by strong earnings and, crucially, cost savings stemming from artificial intelligence.
  • The Indian rupee fell to a record low, pressured by a prolonged deadlock in US-India trade negotiations and sustained foreign outflows from domestic equities and bonds.
 

How Donald Trump is molding 2028 Democratic presidential contenders  

 

Maryland Governor Wes Moore at the Democratic National Convention in August 2024. REUTERS/Elizabeth Frantz

President Donald Trump’s aggressive policy agenda is doing more than reshaping the economy and immigration enforcement - it’s also giving a handful of Democratic governors a national stage to position themselves as potential 2028 presidential contenders.

California’s Gavin Newsom, Illinois’ JB Pritzker, and Maryland’s Wes Moore have seized on Trump’s moves to rally their party’s base, sharpen their contrasts with the White House, and build networks beyond their home states.

Read more
 

And Finally...

Workers examine test plots of camelina, a drought-resistant oilseed, at a research farm in Saskatoon, Saskatchewan, Canada. REUTERS/Ed White

Climate change is worsening growing conditions for Canadian farmers. Yet across much of western Canada, farmers have been turning out strikingly better crops despite hotter and drier conditions — far above what farmers in the region could have expected years ago, according to Canadian government data, thanks in part to widespread embrace of climate adaptation strategies.