Reuters World News - Nepal, Warsh and the Fed, and GLP-1 men

Episode Date: August 29, 2026

Nepal says it could need up to $5 billion to rebuild after catastrophic floods killed more than 600 people. Federal Reserve Chair Kevin Warsh signals the Fed may need to raise interest rates if inflation remains stubbornly high. And plastic surgeons report growing demand from men who have lost weight using GLP-1 drug. 📲 Podcasts, breaking news, and video analysis from the source. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Download the Reuters app 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

Hi, I'm Peter Devlin in London. It's Saturday, August 29th. Today, Nepal says it could need up to $5 billion to rebuild. War signals the Fed may need to high grades if high inflation persists. And plastic surgery becomes popular among men who have slimmed down on GOP ones. This is Reuters World News, bringing you everything you need to know from the front lines in 10 minutes, seven days a week. Two and five Canadians will hear the words you have cancer. That's why every step and dollar raised matters. On September 19th, join thousands in Toronto for the Princess Margaret Cancer Foundation Walk. Challenge yourself, friends, and family to walk 21 kilometers in support of life-saving research. Together, we can carry the fire and help create a world free from the fear of cancer.

Register today at pmcf walk.ca.ca. Paul says it could need up to $5 billion to rebuild, after catastrophic floods triggered by glacier collapse, killed more than 600 people and left nearly 3,000 missing. But during one of Nepal's deadliest flood disasters in years, a rare moment of hope. Eight-year-old Zoyal survived after floodwaters devastated northern Nepal on Wednesday. He told Reuters who ran into forest and climbed trees to escape after the disaster struck near his school. His mother, Maa Tamang, spent two days searching shelters and aid centers.

Convinced both Zoyal and his younger brother had died. She said she had lost hope and was overwhelmed by grief as she searched through flood-ravaged communities. Reuters journalist Shahana Badricharya had met Zoyal at a small hospital after rescuers brought him in with a broken leg and cuts to his face. Hospital staff didn't know where his family was. After Tamang obtained Badracharya's phone number and called, she learned her son was alive. On Friday, Tamang reached the hospital on Kathmandu and stood beside her son's bed. Her younger son had also been found alive.

UNICEF says about 17,000 children have been affected. A Russian drone strike near Kiev has killed. Keeve has killed at least 27 people after hitting a warehouse and triggering a massive detonation. More than 380 people were evacuated from the strike area, including residential buildings and a facility providing care for the elderly. President Vladimir Zelensky is calling for those responsible to be punished. Gunfire and explosions rang out across Niger's capital, after what source is described as an attack by mutinous soldiers targeting the airport in areas near the presidential palace.

Government forces say that they're responding, while security sources tell Reuters, parts of Niame remain contested. Chah Neh has ruled Niger since the 2023 coup. To the US now, where Federal Reserve Chair Kevin Warsh at the Jackson Hall Symposium addresses the challenges facing the feds.

If markets rely materially on the Fed's guidance and the Fed relies on market prices, were more likely to be blinded to new developments, more likely to be caught unprepared, and more likely to commit errors in policymaking. Warsh has been tight-lipped in his first few months as head of the central bank, but he did offer some insights into his priorities

as the U.S. economy faces sticky inflation that's remained above target for more than five years. Inflation is running above our 2% target. So the Fed's predominant focus right now should be on prices. Our reporter, Anne Safier, was in Jackson Hole for Warsh's speech. He suggested that he is not satisfied with where inflation is right now or where it is heading. And he gave really his first hint that the Fed may need to actually raise rates in order to bring inflation down. These were all revelations. These were nothing that Warsh had really ever said.

before, and markets reacted very, as you might expect. Rate futures started to price in a bigger chance of a September rate hike. All that said, he did not say anything definitive. He spoke in what we would consider normal Fed speak. In other words, he hinted but did not promise. Worse has stayed away from even doing anything that sounded like a hint. Today, he made that step. Thousands marched in Washington on Friday, warning that voting rights and civil rights protections are being ruled back.

More than six decades after Martin Luther King Jr.'s historic march on Washington. His granddaughter, Yolanda Renee King, told the crowd her generation would restore the dream. We know the dream was never finished. And we know you were never asking us to simply remember you. You were asking us to continue. So we will. Among the speakers were Senator Bernie Sanders, who argued the issues at stake go beyond the ballot box.

And that is why the march on Washington was not simply a march for voting rights, as enormously important as that was. It was the march on Washington for jobs and freedom. The rally drew civil rights leaders, lawmakers and activists to the National Mall, ahead of November's mid-term elections. President Donald Trump says the US is taking majority control of more than 65 billion barrels of Venezuelan oil reserves in a sweeping new deal, he says,

could help lower gasoline prices. The agreement would dramatically expand the US role in Venezuela's oil industry, following weeks of negotiations between Washington and the interim government. Secretary of State Marco Rubio calls it a win for both countries, saying it could unlock billions of dollars in investment, and boost crude supplies to U.S. refineries. But key details remain unclear,

and analysts say legal hurdles and aging infrastructure could make it difficult to deliver results quickly. Two in five Canadians will hear the words, you have cancer. That's why every step and dollar-raised matters. On September 19th, join thousands in Toronto for the Princess Margaret Cancer Foundation walk. Challenge yourself, friends, and family

to walk 21 kilometers in support. of life-saving research. Together, we can carry the fire and help create a world free from the fear of cancer. Register today at pmcf walk.ca.ca. Of all of the issues on the table in U.S.-Mexico trade talks right now, here's one you might not expect.

Cheese. Mexico recently signed a trade deal with the European Union that expands protections for foods linked to specific regions. But as our reporter Sarah Moreland in Mexico City explains, that's complicating trade talks with its neighbor to the north. So European cheese exports to Mexico come in at a high price.

This is partly because of tariffs and partly because U.S. imports come in at a lot cheaper because they manufacture on scale and have lower transport costs to send into Mexico. The United States has long defended the use of what it calls

common names for cheeses. So these are labels such as Manchego, such as Parmesan. The EU, however, defends the names of cheese it's originally from Somerviscus. countries as protected denominations of origin. So for example, they say that parmigiano regiano can only be produced in certain regions of Italy,

that feta can only be produced in some parts of Greece, and that Manchego should only come from the La Mancha region in Spain, where it's produced from sheep's milk. There's been some compromises reached here during the EU-Mexico talk, but essentially the EU-Mexico agreement would extend a lot of protections for European cheeses. The US cheese exporters say that it's confusing for consumers to read a label that says something like imitation feta or Asiago style cheese when their cheese is essentially the same and they say this is hurting their cells. The deal still needs final approval.

Until then, negotiators remain stuck on an issue that's, well, a little cheesy. In Norway, mourners are gathering outside the Royal Palace in Oslo to say goodbye to King Harold. The country's longest serving monarch died on Friday at the age of 89, but people queuing to pay their respects. For many, Harold was more than a king. He was just a really nice king, and I feel like he was the whole country's grandfather. Norway begins a new chapter under King Hawken the 8th. Now to a booming business tied to dramatic weight loss.

Drugs like We Govi and Zepbound are helping a lot of American men slim down. men like Mark, who's lost about 50 pounds after starting GLP ones. But they're also creating something unexpected, a growing demand for cosmetic surgery. As I was, you know, losing the weight and feeling better, I saw the volume in my face and I just didn't feel like my face was matching the way that I was feeling now. Dr. Sean Alavi performs deep plane face lifts in New York and says cosmetic procedures are a very common trend among men. who have lost a significant amount of weight. Absolutely, within the last five years, I would say there has been a dramatic increase. Year over year, honestly, in men who are interested in facial rejuvenation and plastic surgery.

Our health reporter, Sri Parnarroi, explains the trend. Men make up around 28% of the GLP1 market, according to data from good arrests. The president of American Society of Plastic Surgeon said in the first, few months of 2026, 70% of men who opted for a cosmetic surgical procedure at some sort of GLP1 weight loss history. So I think that we are going to hear a lot more stories like this. As more people take GLP1 drugs, the surgeries do come with a price tag, often costing thousands of dollars and typically paid out of pocket. However, most said that it was worth it, making them feel like their best sales. For more on any of the stories from today, as well as more analysis and news

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