Reuters World News - Iran pause, Moscow restaurant attack and GLP-1 clothes shopping
Episode Date: August 2, 2026U.S. President Donald Trump says he's holding off on fresh Iran attacks as he wants a rapid deal on reopening the Strait of Hormuz. A bomb carried by a woman kills at least three near a Moscow restaur...ant. In-store clothes shopping trips are back for GLP-1 users. And how wildfires are threatening France's cherished camping culture. Recommended read: Illicit Iranian gambling network helped pull off a $4 billion sanctions dodge Watch the latest episode of On Assignment here. Listen to the Morning Bid podcast here. Sign up for the Reuters Econ World newsletter here. Listen to the Reuters Econ World podcast here. Visit the Thomson Reuters Privacy Statement for information on our privacy and data 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
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Hi, I'm Tara Oaks in Liverpool.
It's Sunday, August 2nd.
Today.
Trump says he'll hold off on fresh Iran attacks in the hope of a quick deal,
while in Israel, a new Jewish-Arab political party is courting young anti-war voters.
How clothing stores are adapting to demands from shoppers on GLP1 weight loss meds.
And a fiery summer in Europe is threatening Francis Cherries.
This is Reuters' World News, bringing you everything you need to know from the front lines in 10 minutes, seven days a week.
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President Donald Trump has said the U.S. will hold off on a fresh attack on Iran,
as long as a deal can be reached quickly.
Trump's post on his truth social platform says Iran and other Middle Eastern countries
asked for time to contemplate a deal,
one that would lead to, quote,
the immediate, complete and total opening of the Strait of Hormuz,
and what he calls an end to Iran's nuclear threat.
He didn't name the countries in the post,
which followed a call with Crown Prince Mohammed bin Salman of Saudi Arabia, a US ally.
And in Gaza, despite Trump's announcement of a breakthrough
in efforts to implement last year's ceasefire agreement,
Israeli airstrikes continued for a second straight day.
In Israel itself, war isn't popular with everyone.
A new pro-peace Jewish-Arab political party called A Place for Us All
is courting young voters ahead of an October election,
the first national ballot since the October 7, 2023 Hamas attack and the Gaza War.
But some analysts say that small parties risk soaking up votes that yield no seats.
reporter Benjamin Robb explains.
The risks are that you have this critical election, right? Netanyahu is effectively on the ballot.
You have four historic establishment Arab parties that are trying to form a joint list,
which is this show of unity that historically the Arab parties have used to all be on the ballot under the same banner
and historically has turned out Arab voters more than if the Arab parties are on the ballot individually.
and suddenly you have this new party that's also claiming to want to attract Arab voters.
Benjamin says that whether or not the party makes it into parliament,
it may signal something about the direction of Israeli politics.
I think it speaks to a broader political moment in Israel right now,
in which you have a group of young people, men and women, Jewish,
Palestinian activists who say we're dissatisfied with our options right now, both on the lefts,
where you'll hear the organizers of this party say, even on the most leftward Israeli party,
Yer Gholan, its head refuses to call what's happening in the West Bank and occupation.
And also on the Arab side, where you have these four establishment parties that at a moment
where turning out Arab voters and speaking to voters is of chief concern, their focus, these
established parties, it is on internal politics, is putting together this joint list. And so here
you have a party that's saying, this old guard isn't working for us anymore. Now to some developing
news from Indonesia, but dozens are missing after a ferry caught fire off Madura Island. At the time of
recording, authorities have confirmed at least five people have been killed. A search and rescue
mission is ongoing. You can follow the latest on this story on Reuters.com and the Reuters app.
A homemade bomb carried by a woman has killed at least three people in central Moscow.
The explosion occurred just before 8pm local time on Saturday, close to an Italian restaurant
located in one of Moscow's Stalin-era skyscrapers.
Authorities haven't named those killed or injured, but say the woman herself and a security guard,
were among the dead. The Commissant Daily newspaper, citing its own sources, suggests the bomb
may have been set off by someone else remotely and that the woman carrying it may not have known
it was an explosive device. Russia's FSB security service has said authorities will step up
protection for high-ranking officials. After a series of assassination attempts, it blames
on Kiev. Japan's finance minister will announce on Monday that Tokyo,
and Washington took joint action in the currency market to arrest the yen slide to 40-year lows.
It's the first joint yen intervention in years.
A Reuters photo showed that Treasury Secretary, Scott Besant, had a notepad at a Friday cabinet meeting with the words,
to do, followed by buy Japanese yen, five to ten billion dollars.
Vescent said last week the yen, quote, seems very undervalued to me.
We'll bring you the latest on the announcement on tomorrow's episode of our sister markets podcast, Warning Bit.
Car shopping this civic holiday weekend, most car dealerships are closed and all you'll find are crickets.
Not Performance Auto Group.
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holiday Monday 9 to 5 for the best time to shop this summer. Capital One Financial has hit back
against a lawsuit over its decision to close the Trump Organization's bank accounts years ago,
stating that it did so after a review by anti-money laundering experts. It's the first time
a bank has formally tied money laundering concerns to President Trump's family business.
The Trump Organization and Capital One did not immediately respond to requests.
for comment. About 11% of Americans are now on GLP1 medications like Juan Gioro and a ZemPEC.
One unexpected side effect of those weight loss drugs is that they're bringing shoppers back
to physical stores. As users lose weight, more than two-thirds say they're more likely to shop
in person because they need help figuring out what fits their changing bodies. That's forcing
retailers to rethink the in-store shopping experience, says retail reporter Danielle Kay.
The big thing to note here is that, you know, this is sort of a growing portion of the population
that is dealing with sort of rapid fluctuation in their size. And as part of that, are looking
to sort of rebuild their wardrobes. For retailers, one trend that we might start to see soon
and then isn't appearing yet necessarily,
but that could come in the coming months is, you know,
actual retail, actual brick and mortar expansion,
increasing the size of stores, opening new stores,
partly in response to this trend.
But what we're more likely to see is actual investment in existing stores
that could look like dressing rooms.
How do you sort of incorporate AI technology or even hire more people
or train, you know, employees in stores to be able to actually offer styling
services more so than retailers have been doing in recent years. So looking at existing stores,
it could look like dressing room revamps, it could look like additional styling services,
you know, and it could also look like rethinking the sizes that are offered to kind of ensure
that the inventory in store actually meets what people are looking for right now.
Been sent video of an individual literally driving through their neighborhood and showing the video
of home after home after home that's in flame. So it's a heartbreaking situation.
That's Washington State Governor Bob Ferguson after declaring a statewide emergency,
as wildfires burn across more than a quarter of a million acres statewide.
In Spokane, the Old Trails Fire, one of five major complex blazers,
has prompted widespread evacuations and power outages.
As wildfires blaze in the US, they're also threatening one are France's most cherished holiday traditions.
the camping or camping.
The evacuation has been
quite passed, it's a
GEM folio, recalling the evacuation
of one of the campsites he manages
in southwest France.
With wildfire flames closing in,
over a thousand campers
were safely evacuated in less
than half an hour.
France's many campsites are
more than just places to pitch a tent.
They're the backdrop to generations
of family summers,
born out of a wave of social reforms nearly a century ago
that introduced paid holidays and democratized leisure time.
Fulio and his team returned this week to find the campsite untouched by the flames.
But the relief was extinguished by a harsh financial reality,
with losses already reaching the equivalent of $2 million.
A big hit to revenue, largely generated in January, August.
July and August.
Follio says this year's fires were a wake-up call.
But he says he has to remain optimistic that the Comping will survive.
Finally, before we go, a recommended read for you.
Click the link in the pod description to find our story on how an Iranian gambling network
helps pull off a $4 billion sanctions dodge.
For more on any of the stories from today,
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