Senate Prepares Debate on SAVE America Act Requiring Proof of Citizenship for Federal Voting

• LVMH shares fell to their lowest levels since 2020 as luxury demand softened and questions about company succession emerged. • The stock price decline reflects a broader downturn in consumer spending across the high-end luxury market.

• Justice Kim Seong-su pledged to uphold judicial independence and implement trial reforms to address systemic delays. • The reform plan focuses on ensuring procedural rights and managing emerging legal disputes related to artificial intelligence and climate change.

• Russian forces launched overnight drone strikes targeting Ukrainian ports, warehouses, and logistics centers used by the Ukrainian armed forces. • The Russian Defense Ministry reported that the attacks specifically hit port infrastructure facilities and vessels supporting military operations.

• Swedish money market participants raised their one-year inflation expectations to 1.97% in August from a previous 1.83%. • Two-year inflation expectations also increased during this period, rising from 2.02% to 2.07%.

• German Chancellor Friedrich Merz and his Christian Democratic Union (CDU) party suffered electoral losses in two state elections on Sunday. • Exit polls from public broadcaster ARD showed the CDU securing only 5% in Mecklenburg-Western Pomerania, the party's lowest state result since World War II.

• Chancellor Friedrich Merz vowed to remain in his position following damaging exit poll losses for his centre-right CDU party in Berlin and Mecklenburg-Vorpommern. • The results are described as a disaster for the party in these specific state elections.

• Chancellor Merz vowed to remain in office after his conservative party suffered its worst result in postwar German history during a recent regional vote. • The far-right AfD party won its second regional election in two weeks, while Merz emphasized the need for federal government action on the cost of living.

• Friedrich Merz vowed to remain the leader of the CDU after the party suffered losses in German state elections. • The far-right AfD won in Mecklenburg-Western Pomerania while the leftwing Die Linke is on course for victory in Berlin.

• Chancellor Friedrich Merz scheduled a crisis meeting on Sunday as voters in two German states began casting ballots in state elections. • The meeting comes as the government faces the possibility of gains by far-right and far-left parties.

• German voters began casting ballots in two regional elections that may impact Chancellor Friedrich Merz's hold on power. • Merz's authority was damaged following a defeat on 6 September by the AfD, a party associated with nationalism and assertions of racial superiority.

• Germany is holding elections this Sunday that could determine whether Chancellor Friedrich Merz remains in power. • Merz is facing intense political pressure after only 16 months in office due to his party's tumbling popularity.

• The CDU party suffered a historic defeat in recent elections held in Berlin and Mecklenburg-Western Pomerania. • The AfD party saw massive gains during these votes, increasing political pressure on Chancellor Friedrich Merz.