UK and Japan slip into recession

Plus, police seek clues to Kansas City mass shooting.

Sign up for Reuters newsletters Daily Briefing Two major economies fall into recession, police search for clues to a mass shooting in Kansas City, and Ukraine's Kharkiv keeps going despite Russian attacks.   Plus, a private US moon lander is launched half century after the last Apollo lunar mission.    By Edson Caldas Today's Top News Medical personnel respond to shots fired after the celebration of the Kansas City Chiefs winning Super Bowl LVIII. Kirby Lee-USA TODAY Sports UNITED STATES Three people were in custody in Kansas City, Missouri, facing questions about what led to a deadly mass shooting near the city's Super Bowl victory rally and who was behind it. At least one person was killed and 21 others wounded by gunfire outside the city's landmark Union Station. The US has warned allies in Europe about new intelligence related to Russian nuclear capabilities that could pose an international threat, a source briefed on the matter told Reuters. The new capabilities do not pose an urgent threat to the US, the source said. MIDDLE EAST Israeli forces raided the biggest functioning hospital in Gaza, as video posted online showed chaos, shouting and the sound of shooting in darkened corridors that were filled with dust and smoke. Separately, Hezbollah said Israel would pay "the price" for killing 10 people including five children in southern Lebanon. Iran will reciprocate if its ships are seized, the legal adviser to Iran's President told state media. This month, the US Department of Justice issued a statement announcing the seizure of more than 500,000 barrels of Iranian fuel to clamp down on the "Revolutionary Guards' financing network". ELECTIONS AROUND THE WORLD Indonesia's President Joko Widodo said he had congratulated Defense Minister Prabowo Subianto after unofficial counts showed him winning this week's presidential election in a single round of voting. Senior Correspondent Kate Lamb shares what to expect next on today's Reuters World News podcast. India's Supreme Court scrapped a seven-year-old election funding system that allows individuals and companies to donate money to political parties anonymously and without any limits, calling it "unconstitutional". The decision is seen as a setback for Prime Minister Narendra Modi's Bharatiya Janata Party. Business & Markets Britain's economy fell into a recession in the second half of 2023, a tough backdrop for Prime Minister Rishi Sunak who has promised to boost growth ahead of an election expected later this year. The GDP contracted by a worse-than-expected 0.3% in the three months to December, official data showed. Britain is not alone. Japan also slipped into a recession at the end of last year, losing its title as the world's third-biggest economy to Germany and raising doubts about when the central bank would begin to exit its ultra-loose monetary policy. The GDP fell an annualized 0.4% in the October-December period. A small but rapidly growing number of US adolescents began treatment with weight-loss drug Wegovy, a powerful new tool to address record rates of pediatric obesity, according to data shared with Reuters. In the first 10 months of 2023, 1,268 children ages 12 to 17 with an obesity diagnosis started taking it. Cisco will cut 5% of its global workforce, or more than 4,000 jobs, as the company navigates a tough economy that has led to thousands of layoffs by tech firms this year. Analysts expect demand for Cisco's products to remain under pressure, as clients in the telecom industry restrict spending. Ukraine has refused to remove Raiffeisen Bank International from a "sponsors of war" blacklist, challenging the biggest Western bank in Russia to sever its ties to Moscow. In a letter seen by Reuters, officials questioned what the bank was doing to leave Russia, saying much of its plans were vague and incomplete. Ukraine's second city keeps going Kharkiv Palace Hotel damaged during one of the latest Russian missile strikes. January 13, 2024. REUTERS/Valentyn Ogirenko For a city under frequent attack, Kharkiv is functioning surprisingly well: the streets hum with activity during the day, cafes are busy and there's even some night life. Officials say around 1.2 million people remain in the country's second city despite the threat posed by a new wave of Russian missile and drone strikes. As in other cities bombarded by Russia, Kharkiv has learned to adapt. And Finally... A SpaceX Falcon 9 rocket lifts off on the IM-1 mission with the Nova-C moon lander built and owned by Intuitive Machines. REUTERS/Joe Skipper A moon lander built by aerospace company Intuitive Machines was launched from Florida on a mission to conduct the first US lunar touchdown in more than a half century and the first by a privately owned spacecraft. The IM-1 flight is carrying six NASA payloads of instruments to gather data about the lunar environment. Read more: Moon lander launched half century after last Apollo lunar mission Sponsors are not involved in the creation of newsletters or other Reuters news content. Advertise in this newsletter or on Reuters.com 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. Reuters Terms & Conditions and Privacy Statement © 2024 Thomson Reuters. All rights reserved. 3 Times Square, New York, NY 10036