October 22, 2018 / 10:42 AM / 4 months ago

Monday Morning Briefing

Saudi Arabia comments on Khashoggi case, Honduran migrants set up camp in Mexico and the outlook for global growth in 2019 has dimmed for the first time according to a Reuters poll. Catch up on the latest headlines.

Saudi Arabia called the killing of journalist Jamal Khashoggi at its Istanbul consulate a “huge and grave mistake,” but sought to shield its powerful crown prince from the widening crisis, saying Mohammed bin Salman had not been aware.

Foreigners sold a net 4.01 billion riyals ($1.07 billion) in Saudi stocks in the week ending Oct. 18, exchange data showed on Sunday - one of the biggest selloffs since the market opened to direct foreign buying in mid-2015.

Saudi Arabia has no intention of unleashing a 1973-style oil embargo on Western consumers and will isolate oil from politics, the Saudi energy minister said amid a worsening crisis over the killing of Saudi journalist Jamal Khashoggi. 

U.S. President Donald Trump said Washington would withdraw from a landmark Cold War-era treaty that eliminated nuclear missiles from Europe because Russia was violating the pact, triggering a warning of retaliatory measures from Moscow. 

A man talks to a costumer as he stands inside his barber shop in the Old City of Damascus, Syria, September 13, 2018. For much of the war the eastern Ghouta rebels fired mortars into Damascus, including the Old City, where shrapnel marks are often visible scored into streets or walls. Cafes spill out onto the cobbled streets of the Old City at night as carefully coiffed barbers give fashionable haircuts to young men, and groups of friends gather to play guitars. REUTERS/Marko Djurica

World

Photo essay: Some people in the Syrian capital Damascus have been able to enjoy a semblance of normality since fighting in the area ended in May, but in the rubble of shattered, destitute towns nearby, life could not be more different. 

A U.S.-bound caravan of thousands of mostly Honduran migrants whom President Donald Trump has declared unwelcome, crowded into the Mexican border city of Tapachula on Sunday, setting up impromptu camps in public spaces under a heavy rain. 

Taiwan President Tsai Ing-wen offered words of consolation on Monday as she met relatives of 18 people killed and 187 injured when a train derailed in the island’s northeast, its worst rail disaster in more than three decades

The outlook for global growth in 2019 has dimmed for the first time, according to Reuters polls of economists who said the U.S.-China trade war and tightening financial conditions would trigger the next downturn. 

Japan’s government on Monday told  Facebook to better protect its users’ personal data following lapses this year affecting tens of millions of people globally. 

Commentary: Beware the culture warriors of social media

Online political culture wars are threatening traditional media as well as mainstream parties, writes columnist John Lloyd. The friction between leftists who have become intolerant of sharp debate and rightists who are testing the boundaries of speech and humor "spills over into political choice. And if it becomes an even more powerful force in the news media, it will course through our politics like a hurricane, destroying old media and the politics that went with them – and creating a new political landscape which we can only now glimpse."

Charged: The future of autos

Tesla Chief Executive Elon Musk put electric heavy commercial trucks on the map in November 2017 when he unveiled the company’s futuristic, battery-powered Semi, booked hundreds of orders and said he would start delivering the vehicles by 2019.

Since Tesla announced late last year that it planned to come to market by 2019 with an all-electric Class 8 big rig truck called the Semi, other companies have unveiled their own plans to do the same. Find out about the list of planned vehicles. 

Germany’s BASF and Russia’s Norilsk Nickel have signed a nickel and cobalt supply deal to address growing demand for batteries to power electric vehicles, they said on Monday.  Follow the latest updates on the future of electric vehicles

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