What to watch for today
Apple unveils a new iPhone. The 6S model will have a better camera and faster processor than its predecessor, but is expected to look largely the same. Apple also might unveil a new Apple TV device and a larger iPad.
Benjamin Netanyahu visits London. The Israeli prime minister arrives in the UK for a three-day visit to meet with his counterpart, David Cameron. The trip has been denounced in the UK by union leaders, left-wing activists, and members of the Labour Party, who have called on Netanyahu to answer for “war crimes” in Gaza.
Queen Elizabeth II becomes the longest-reigning monarch in British history. Her tenure of 63 years, seven months, and two days breaks the record set by her great-great-grandmother, Queen Victoria.
Earnings: John Wiley & Sons, Box, Krispy Kreme, and Barnes & Noble are among the companies posting their latest quarterly results.
While you were sleeping
Europe offered to resettle many more refugees… Jean-Claude Juncker, president of the European Commission, said that the EU will offer asylum to 120,000 largely Syrian refugees via binding quotas for member states, with penalties for those that refuse to take their fair share. That is in addition to an earlier plan to distribute 40,000 migrants, and will cover around 60% of those currently in Italy, Greece, and Hungary; most will be relocated to Germany, France, and Spain.
… As Australia revamped its approach to immigration. Prime minister Tony Abbott announced that the country will permanently house some 12,000 refugees fleeing violence in Syria, and would begin airstrikes on Islamic State targets this week. The figure is in addition to Australia’s commitment to settle almost 14,000 refugees annually.
Ryanair raised its full-year profit forecast by 25%. Europe’s largest airline by passengers increased its outlook to around €1.2 billion ($1.3 billion) for the year to March, after poor weather and a strong pound boosted summer travel from key British hubs. The news sent shares higher by as much as 10% in early trading.
Netflix may have plans for Asian expansion. The video-streaming service posted and then deleted a Chinese-language press release announcing plans to enter Hong Kong, Taiwan, South Korea, and Singapore early next year. Netflix has come under pressure from rising competition and is in a race to expand globally.
Anglo American sold some of its most problematic mines. The mining giant announced that South Africa’s Sibanye Gold agreed a 4.5 billion rand ($330 million) deal for the Rustenburg platinum mines. The deal, which furthers the company’s exit from South Africa, is part of Anglo American’s strategy of offloading loss-making assets (paywall) to increase its competitiveness.
Shinzo Abe detailed a corporate-tax cut. The Japanese prime minister said he would lower the corporate tax rate by at least 3.3 percentage points, from 35% currently. The move will take place next year and is aimed at spurring more corporate investment, as part of the government’s goal of fostering 2% inflation.
Quartz obsession interlude
Steve Levine on why two big carmakers refuse to give in to driverless cars. “It’s hard to believe that future drivers, even in cities, will ever agree to be ever and always mere passengers. Around the world, the sensation of controlling one’s own way through the chaos—when every other driver on the road is an idiot, and danger lurks along every mile—is still seen as one of the purest remaining expressions of freedom.” Read more here.
Matters of debate
The Fed should think about how its policies affect ordinary people. Tightening credit will worsen inequality.
A lack of health education can be as dangerous as disease. The list of common misconceptions is mind-boggling.
One hundred days in, Nigeria’s new president is on the right track. Muhammadu Buhari combines toughness and frugality.
Casualwear is the ultimate American uniform. It’s about being an individual, and yet also fitting in.
American children need to stop being taught to fear the topic of race. Acting “colorblind” doesn’t help them deal with reality.
Most mammals take the same amount of time to pee, regardless of size. All need around 21 seconds to relieve themselves.
A homeopathy conference ended after delegates began hallucinating. The German attendees consumed an LSD-like drug, likely by mistake.
The need to de-clutter can be a life-consuming illness. It’s the opposite of hoarding.
Someone patented a gumball-dispensing T-shirt. Perfect for making back-to-school friends.
This girl can fold a pizza box faster than you can say “pizza.” She’s had seven years of training at a pizzeria.