Reuters World News - Gaza ceasefire, Nobel peace prize, Letitia James and Russian furloughs

Episode Date: October 10, 2025

Israel’s government has signed off on a ceasefire with Hamas, clearing the way to stop fighting in Gaza and free Israeli hostages. The 2025 Nobel Peace Prize winner is announced. New York Attorney General Letitia James has been charged with lying on a mortgage application. And some of Russia’s biggest industrial companies are putting employees on furlough or cutting staff as economic conditions and sanctions bite.   Sign up for the Reuters Econ World newsletter here. Listen to the Reuters Econ World podcast here. Find the Recommended Read here. Visit the Thomson Reuters Privacy Statement for information on our privacy anddata protection practices. You may also visit megaphone.fm/adchoices to opt out of targeted advertising. Learn more about your ad choices. Visit megaphone.fm/adchoices

Hi, I'm Kim Vinal. It's Friday, October 10th. Today, a ceasefire in Gaza is set to begin as Israel signs off on the deal. US troops prepared to deploy to the region as part of a security task force. New York Attorney General Leticia James is indicted. And Russia's industry titans go to a four-day workweek, as sanctions and the war in Ukraine continue to bite. This is Reuters World News, bringing you everything you need to know from the front lines in 10 minutes, seven days a week. A ceasefire in Gaza will begin within 24 hours after the Israeli government ratified a deal to withdraw its troops in exchange for the release of hostages. Israeli Prime Minister Benjamin Netanyahu speaking alongside White House advisor Jared Kushner and US Special Envoy Steve Whitkoff before the vote. on their behalf as well, but on behalf of the people of Muslim.

Thank you. Netanyahu had this to say. We know that it's for the benefit of Israel and the United States, for the benefit of decent people everywhere, and for the benefit of these families who will finally get to be with their love. Netanyahu thanked U.S. President Donald Trump for his efforts in brokering the deal. With Trump now heralding this as a permanent end to the war. I think it's going to be a lasting peace, hopefully, and ever last.

peace. Peace in the Middle East. Trump says the hostages in Gaza will be released on Monday or Tuesday, but he notes that some of the hostages remains may be hard to recover. Trump himself will head to Egypt on Sunday for a signing ceremony and has been invited to speak in the Israeli Knesset. It would be the first time a U.S. leader has done that since George W. Bush in 2008. Preparations for what happens next are underway both inside. and outside Gaza. On the Gaza border, Israeli tanks could be seen being loaded onto trucks, and in Gaza itself, celebrations are continuing.

Emergency workers in Gaza City blasting their sirens, excited of the prospect the millions of people displaced, may soon be able to return home. In Israel, meanwhile, Noah Eliakim Raz, head of internal medicine at Rabin Medical Center, says they're preparing to receive hostages. of extreme situations, of prolonged captivity underground, and we refresh everything, but we're really ready for every scenario.

The UN has already ramped up plans to send fleets of trucks to carry food and medical aid into Gaza. We will aim to increase the pipeline of supplies to hundreds of trucks every day. That's UN aid chief Tom Fletcher. He says shelter and cash for basic food needs will all. also be provided. U.N. Secretary General, Antonio Guttedish, has called for red tape to be removed to ensure safety and access for humanitarian workers. In the wake of the ceasefire deal, a huge field was plowed with the words Nobel for Trump, but it wasn't enough. Here's

Reuters World News producer, Carmel Crimmons. No gold medal for President Trump, Kim, despite lots of not-so-s subtle hints. You should be able to get the I said, I stopped seven wars. Instead, the prize went to Maria Karina Machado. She's a Venezuelan politician and was barred from running in the 2024 presidential election. She's the country's most popular opposition figure. Over in Oslo, I asked Gladys Foucher if Norway was bracing itself for any potential blowback after Trump failed to win.

This level of attention this year is beyond anything that's happened in previous recent years, I would say. And I think the committee itself would not be worried so much because what they've said is that they're used to the attention, they're used to the pressure, they use to people wanting to have the Nobel Peace Prize. And that's fair. But one could, but the campaign the US President Trump has conducted is beyond any lobbying campaign that we've seen in recent years. New York Attorney General, Atisha James,

has been indicted on federal charges, of bank fraud and making false statements to a lender. The Justice Department says the case stems from a mortgage application for a Virginia home, where James allegedly misrepresented the property as her primary residence. James, a Democrat and longtime critic of Donald Trump, called the charges baseless. This is nothing more than a continuation of the president's desperate weaponization of our justice system. She's due in court later this month. A powerful 7.6 magnitude earthquake has struck offshore in the southern Philippines.

Sunami warnings have been issued and coastal residents urged to evacuate to higher ground. The quake hit near Manetown in Mindanao at a depth of just 10 kilometres. Authorities are warning of possible damage and aftershocks. You can read more on this developing story on Reuters.com or the Reuters app. President Trump's plan to send National Guard troops into U.S. cities is facing mounting legal resistance. A judge in Chicago temporarily blocked the Illinois deployment, saying it would add fuel to the fire. A similar block has already been handed down in Portland, Oregon, although that one looks set to be set aside in a federal appeals court.

These cases could reshape how and where the president can use military force. Unemployment claims in the US ticked up last week, and economists think the government shutdown may be to blame. Contractors are starting to file for benefits, and with official data paused, estimates are filling the gap. Claims rose to around 235,000, still low overall, but likely to stay elevated until Washington reopens. And in Russia, some of the biggest industrial companies

are putting employees on furlough or cutting staff, as the war economy slows, domestic demand stalls and export markets dry up. Guy Falkenbridge is our Russia bureau chief. So there are lots of companies in Russia which are moving the work week to four days instead of five, and that's largely driven by sort of a group of factors. So one are obviously sanctions, two, sometimes like export markets. And they're doing this because ultimately they don't want to have to sack large amounts of people. but they're facing a large amount of costs and reducing revenues because of export markets,

because of sanctions, because of the slowdown in the economy, slow down domestic demands. Guy says Putin disagrees that the economy is approaching stagnation. He has said that the economy is actually probably through the worst. But of course, for the Kremlin, this is actually quite a sensitive topic because you do not want large amounts of workers kicked out of their jobs. And so the companies, in a way, are in between this. They will be under pressure from the Kremlin, not to sack large numbers of people. And there's a geography as well in the former Soviet Union.

There are a lot of these towns where these companies are the only employer. What essentially would happen if things, if Pruss really came to shove, is that the Kremlin would essentially pull money into some of these industries, because they're just too important. And for today's recommended read, a recommended listen. Christopher Wal Jasper takes you on assignment to Kullnborg, Denmark, home to Novo Nordisk's production empire and the location where the key ingredient in weight loss drugs, Wigovee and Ozempic, is made.

Tune in on Saturday to find out how this Danish town, nicknamed Novo Town, is bracing for job cuts as the town's fate continues to depend on the farmer giant. For more on any of the stories from today, check out Reuters.com or the Reuters app. follow us on your favorite podcast player. If you're listening on a smart speaker, just ask for the latest news from Reuters seven days a week. We'll be back tomorrow with our daily headline show.