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Defense sector sees surge in hiring, G7 unity on major issues, Chinese companies turning to convertible bonds, and investors returning to high-yield bonds in emerging markets. Analysis includes global security agreements, political shifts post G7, and investor interest in risky local currency bonds.
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- Defense sector companies are hiring on a massive scale due to increased military spending globally.
- G7 leaders reached agreements on supporting Ukraine and taking a tough stance against China, revealing underlying vulnerabilities in their unity.
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Global Defense Companies Hiring at Record Pace
Top companies in the US and Europe are on a massive hiring spree in the defense sector, with plans to recruit tens of thousands of workers this year. This surge in employment is fueled by increased military spending worldwide, particularly in response to Russia's invasion of Ukraine. Ammo-producing companies are especially active due to depleted government stockpiles. This hiring spree marks the most significant growth in the defense industry since the end of the Cold War.
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