The Inflation Reduction Act, one year on

Plus, North Korea says US soldier wants refuge from racism.

View in Browser Sign up for Reuters newsletters Daily Briefing Joe Biden leads a campaign to explain his signature clean energy legislation, North Korea says that US soldier Travis King wants refuge from racism, and a cargo ship leaves Ukraine's port of Odesa despite Russian's threat of attack.   Plus, Burger King says tomatoes are on "vacation" as India battles food inflation.   By Edson Caldas Today's Top News Biden host an event to celebrate the enactment of the Inflation Reduction Act at the White House in Washington, September 13, 2022. REUTERS/Kevin Lamarque US President Joe Biden marks the first anniversary of signing his signature clean energy legislation called the Inflation Reduction Act by leading a campaign to better explain what, exactly, it does. One year on, the law commonly referred to as the IRA, like most major US legislation, is drawing mixed reviews.  A Georgia state law against racketeering could be a powerful tool in prosecuting Donald Trump, but applying charges traditionally used to take down organized crime risks miring the case in legal and logistical complications. On today's Reuters World News podcast, Linda So talks about the reporting that revealed the involvement of three men charged over efforts to keep Trump in power. North Korea's claim that US soldier Travis King fled racism and abuse in America comes as Pyongyang pushes back on Washington's criticism of the North's human rights record. For decades North Korea has highlighted racial discrimination in the US as what it says is an example of Washington's hypocrisy. Thailand's Constitutional Court rejected a request from the election winning Move Forward Party to review a parliamentary decision that blocked its prime ministerial candidate from being re-nominated. The move all but kills off any hope of the progressive Move Forward leading the next government. WAR IN UKRAINE A container ship set off from Ukraine's port of Odesa in a test of Russia's threat to attack shipping after it abandoned the Black Sea grain deal. The departure of the Hong-Kong-flagged Joseph Schulte, which had been in the port since Feb. 23, 2022, followed a new Russian attack on Ukraine's grain export infrastructure. Ukrainian forces have recaptured the village of Urozhaine from Russian troops in the southeast, Kyiv's deputy defense minister said. The village's recapture would indicate Ukraine is pressing ahead with an offensive drive south towards the Sea of Azov that aims to cut Russian occupying forces in half.  Business & Markets British inflation slowed in July to its lowest annual rate since February 2022, although there were more signs of pressure in core and services prices. Annual consumer price inflation cooled to 6.8% from June's 7.9%, while core inflation remained at 6.9%. Services inflation picked up to 7.4% from 7.2% in June. Missed payments on investment products by a leading Chinese trust firm and a fall in home prices have added to worries that China's deepening property sector crisis is rapidly stifling what little momentum the economy has left. We take a look at how much worse China's economic slowdown can get. Intel has terminated its plans to acquire Israeli contract chipmaker Tower Semiconductor as it was unable to get timely regulatory approvals for the $5.4 billion deal. Intel, which signed a deal to buy Tower last year, will pay a termination fee of $353 million, according to a statement. H&M is investigating 20 alleged instances of labor abuse at Myanmar garment factories that supply the world's second-largest fashion retailer, it told Reuters, just weeks after top rival Zara owner Inditex said it was phasing out purchases from the Southeast Asian country. Burger King has scrapped tomatoes from its wraps and burgers in many Indian outlets after prices more than quadrupled, the latest symptom of surging food inflation that is hitting consumers hard across the world's most populous nation. The chain has cited quality issues in explaining the shortfall. Prayers, terror and a race to escape as wildfire bore down on Hawaiian town Yadira Ulloa, 55, sits outside her daughter's home in Lahaina after her home was destroyed during a fire on the island of Maui, August 15, 2023. REUTERS/Mike Blake Yadira Ulloa was pumping gas near the apartment building where she lived on the western side of Maui when the winds kicked up, blowing shingles off the roof and propelling the wildfire that would soon incinerate her town of Lahaina. The winds were so fierce they shook her car, and as the fire approached, Ulloa began to pray.  The inferno killed more than 100 people. This report hears from survivors. Listen to the Reuters World News podcast for more. And Finally... Palestinian families watch a large projector screen at a beachfront cafe during a rare cinema event, in Gaza City, August 11, 2023. REUTERS/Mohammed Salem With car tyres, rocks and mounds of sand as seats, Palestinians have been enjoying a rare trip to the movies at a big-screen event on the Gaza beachfront. The open-air show was for many viewers a first experience of a projected film since the impoverished enclave's last cinema closed more than three decades ago. Read more here: Seaside screen brings magic of movies to Gaza years after cinemas closed Sponsors are not involved in the creation of newsletters or other Reuters news content. 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 © 2023 Thomson Reuters. All rights reserved. 3 Times Square, New York, NY 10036