The World in Brief from The Economist

The Federal Reserve’s preferred measure of annual inflation fell by more than expected in August

Binyamin Netanyahu said his country “will not stop” attacks on Hezbollah until “we achieve all our objectives”.  Also, Ishiba Shigeru, a former defense minister, won the race to become Japan’s next prime minister.

Binyamin Netanyahu, Israel’s prime minister, appeared to reject an American-backed proposal for a ceasefire with Hizbullah, saying that rumours of a truce were “not true”.

Israel rejects ceasefire proposal; New York’s mayor charged, and more

America and several European and Arab countries issued a proposal aimed at halting mounting hostilities between Hezbollah and Israel, as well as reviving negotiations over the war in Gaza. Three top employees quit OpenAI, including Mira Murati, the chief technology officer.

America is reportedly leading a diplomatic effort to halt mounting hostilities between Hizbullah and Israel and revive negotiations over the war in Gaza.

The United Nations called a meeting of its Security Council for Wednesday as Israel continued its bombing campaign on Lebanon. Also, In a separate meeting of the Security Council, Volodymyr Zelensky insisted that Russia must be “forced into peace” to halt its invasion of Ukraine.

An Israeli air strike on Beirut killed a senior Hizbullah commander, according to the Israel Defence Forces.