Ukraine strikes Moscow

Plus, global stocks selloff pauses as investors catch their breath.

Daily Briefing Daily Briefing By Kate Turton Hello. The global stocks selloff pauses after a spooked US stock market lost $4 trillion in value. In other tariffs news, Trump's plans create the 'Wild West' on Wisconsin's factory floors. Elsewhere, Ukraine strikes Moscow in its biggest drone attack on the Russian capital, and Greenland goes to the polls. Plus, our best photos from International Women's Day marches and events around the world. Today's Top News   A multi-storey residential building damaged in a Ukrainian drone attack, according to local authorities, Moscow region, March 11, 2025. REUTERS/Stringer Europe Ukraine launched its biggest drone attack on the Russian capital with at least 91 drones targeting Moscow, killing at least one person, sparking fires, closing airports and forcing dozens of flights to be diverted, Russian officials said. Read our special report on how Donald Trump turned against Ukraine and Europe. Greenland residents vote in a closely watched election brought into the international spotlight by a pledge from the US president to take control of the mineral-rich island. Listen to a special episode of the Reuters World News podcast to find out why Trump is eyeing the Arctic island and what his interest could mean for the independence movement.  Fires continued to burn after two ships collided off the coast of northeast England a day earlier, adding to concerns the jet fuel carried by one and toxic chemicals aboard the other could cause an environmental disaster. In other news The Philippines arrested firebrand former President Rodrigo Duterte at the request of the International Criminal Court, a major step in the world body's investigation into thousands of killings in a bloody "war on drugs" that defined his presidency. Trump aims to build metals refining facilities on Pentagon military bases as part of his plan to boost domestic production of critical minerals and offset China's control of the sector, two senior administration officials told Reuters. The Kurdish-led and US-backed Syrian Democratic Forces, which controls much of Syria's oil-rich northeast, signed a deal with the Damascus government to join Syria's new state institutions, the Syrian presidency said. A Nairobi health clinic where people collect their HIV medication has been rationing supplies of antiretrovirals to one-month refills since the US government froze foreign aid. On the outskirts of the city, meanwhile, millions of life-saving doses sit on the shelves of a warehouse, unused and unreachable. Only seven countries met World Health Organization air quality standards last year, as researchers warned that the war on smog would only get harder after the US shut down its global monitoring efforts. Business & Markets   Trump will meet the CEOs of America's biggest companies, many whose market value has dipped in recent days as recession and inflation fears soured consumer and investor sentiment. US tariffs have spooked investors, with fears of an economic downturn driving a stock market sell-off that has wiped out $4 trillion from the S&P 500's peak last month. Tumbling stock markets and rallying Treasuries steadied somewhat in Europe on Tuesday, as a modicum of calm returned to markets. Listen to Carmel Crimmins on the Reuters World News podcast as she breaks down how Trump's signaling on the economy triggered the sell-off.  Shares of major US airlines slumped in premarket trading after Delta slashed its profit forecast. The legacy airline's shares fell 10%, while peers United Airlines and American Airlines were down 4% and 6%, respectively. Facebook owner Meta is testing its first in-house chip for training artificial intelligence systems, a key milestone as it moves to design more of its own custom silicon and reduce reliance on external suppliers like Nvidia, two sources told Reuters. Trump's tariffs create the 'Wild West' on Wisconsin's factory floors   Ariens workers install parts on Gravely brand lawn mowers at a company plant in Brillion, Wisconsin, March 5, 2025. REUTERS/Tim Aeppel AriensCo - a manufacturer of bright orange snowblowers - has braced for the cold blast of tariffs since November. "I mean, he campaigned on tariffs," said Nicholas Ariens, president and chief operating officer of the family-owned manufacturer in Brillion, Wisconsin, referring to Donald Trump's frequent vows to boost import taxes if elected, "so we've basically been preparing since the election." Wisconsin is one place where a full-on trade war could be particularly painful. Read more And Finally... A person gestures in front of the Colosseum during a protest to mark International Women's Day in Rome, March 8. REUTERS/Yara Nardi Our photographers captured scenes from International Women's Day marches and events around the world. View gallery 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. Terms & Conditions and Privacy Statement © 2025 Thomson Reuters. All rights reserved. 3 Times Square, New York, NY 10036