Plus, ByteDance developing an AI chip.

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Daily Briefing

Daily Briefing

By Canan Sevgili

Hello. Ten dead after shooter opens fire at high school in Canada, Russia pivots to India for workers and Heineken to cut up to 6,000 jobs.

Plus, our exclusive on ByteDance developing an AI chip.

Today's Top News

 

Vehicles are parked outside Tumbler Ridge Secondary School in British Columbia on February 10, 2026, in this video screengrab. Trent Ernst/Tumbler RidgeLines/via REUTERS

  • Ten people including the shooter are dead after an assailant opened fire at a high school in western Canada in one of the country's deadliest mass casualty events in recent history.
  • Russia, facing a war‑driven labor crunch, is turning sharply to India for workers as tens of thousands of new arrivals replace dwindling Central Asian labor.
  • An FBI interview summary says US President Donald Trump once told a Florida police chief that “everyone” knew about Jeffrey Epstein’s behavior, adding new scrutiny to the president’s past ties to the disgraced financier.
  • Israeli Prime Minister Benjamin Netanyahu will meet Trump at the White House today, with Iran at the top of the agenda. Maayan Lubell tells the Reuters World News podcast what to expect from their seventh meeting in Trump's second term. 
  • From Argentina to Australia to South Africa, record heat and raging wildfires are rampaging through the Southern Hemisphere at the start of 2026, with scientists predicting that even more extreme temperatures could lie ahead - and possibly another global annual high - after three of the hottest years on record.
  • The head of one of Myanmar’s influential ethnic armies accused world leaders of ignoring the ruling military junta's surge in deadly airstrikes on civilians, adding that only China was intervening in the conflict.
  • US forces in Qatar's al-Udeid, the biggest US base in the Middle East, put missiles into truck launchers as tensions with Iran ratcheted up since January, analysis of satellite images showed, meaning they could be moved more quickly.
  • Trump said he was considering sending a second aircraft carrier to the Middle East, even as Washington and Tehran prepare to resume negotiations aimed at averting a new conflict.
  • Women suicide bombers and newly acquired sophisticated weapons are boosting the capabilities and visibility of Pakistan’s Baloch insurgents, fueling a surge in deadly attacks across Balochistan.
  • Shadowy video evidence and the first arrest in Arizona mark major breaks in the search for Nancy Guthrie, the 84‑year‑old mother of f US television journalist anchor Savannah Guthrie.
 

Business & Markets

 
  • Heineken said it would cut up to 6,000 jobs, about 7% of its global workforce, and has lowered its 2026 profit outlook as weak demand pressures the world’s No. 2 brewer.
  • India has ruled out relaxation of a ban on e-cigarettes that would have allowed heat-not-burn tobacco products, dealing a blow to a lengthy private lobbying campaign by Philip Morris International for New Delhi to permit such devices.
  • Activist investor Elliott Management has built a stake in the London Stock Exchange Group and is engaging with the financial data and analytics group to improve its performance, a person familiar with the matter told Reuters.
  • Swatch needs to revive innovation, slim its brand portfolio and overhaul governance if the Swiss watchmaker is to reverse years of falling profits and rebuild investor confidence.
  • US job growth likely picked up in January, supported by fewer layoffs in some seasonal industries, but the labor market remained sluggish as lingering uncertainty over import tariffs tempered hiring and tighter immigration enforcement constrained the supply of workers.
 

ByteDance developing AI chip, in manufacturing talks with Samsung, sources say

 

Semiconductor chips are seen on a circuit board of a computer in this illustration picture taken February 25, 2022. REUTERS/Florence Lo/Illustration

China's ByteDance is developing an artificial intelligence chip and is in talks with Samsung Electronics to manufacture it, two people familiar with the matter said, as the TikTok parent seeks to secure supply of advanced processors.

ByteDance aims to receive sample chips by end-March, they said. The company plans to produce at least 100,000 units of the chip, designed for AI inference tasks, this year, according to one of the sources and another person.

One of the sources said Bytedance is looking to progressively ramp production to up to 350,000 units.

Read our exclusive
 

And Finally...

Ralph Lauren looks on at the end of his Fall 2026 show during New York Fashion Week in New York City, US, February 10, 2026. REUTERS/Angelina Katsanis

 

Ralph Lauren presented its Fall 2026 women's collection with gray-toned corset blazers, velvet dresses and crystal brooches, ahead of the official start of New York Fashion Week.

The New York-based apparel maker's fashion show comes after it raised its annual sales and margin outlook last week. Its core dress and suits designs, along with price increases, have helped Ralph Lauren to lure more wealthy Gen Z shoppers.

 

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