Israeli forces thrust deeper into Rafah, and more - Five stories you need to know | Reuters

1. Israeli tanks advance deeper into the western area of Rafah as efforts to secure a ceasefire agreement continue, mediators Qatar and Egypt say.

2. The Federal Reserve holds interest rates steady and push out the start of rate cuts to perhaps as late as December. "We know that reducing policy restraint too soon or too much could result in a reversal of the progress that we've seen on inflation. At the same time, reducing policy restraint too late or too little could unduly weaken economic activity and employment. "

3. G7 leaders will aim to boost funding for Ukraine in its war with Russia and offer a united face in confronting China's political and economic ambitions at their annual summit.

4. New U.S. sanctions against Russia have forced an immediate suspension of trading in dollars and euros on the Moscow Exchange.

5. Tesla shareholders vote to approve a $56 billion pay package for Elon Musk and to move the company's legal home to Texas, Musk said on social media.

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