FT News Briefing Ukraine strikes Russia with US missiles
Nov 20, 2024
A significant military shift occurs as Ukraine uses U.S.-made long-range missiles to target Russian sites, marking a striking escalation in their conflict. Meanwhile, Walmart surpasses revenue expectations, showcasing resilience in the retail sector. Asian defense contractors are experiencing a surge, driven by geopolitical tensions and increased defense spending in countries like Japan and South Korea. Additionally, Thames Water faces a severe sewage crisis, raising concerns over environmental practices amid discussions on broader economic trends.
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Asset Management Partnerships
- Bridgewater's All Weather Fund ETF offers diverse assets for various market conditions.
- Traditional asset managers partner with alternative asset managers to reach wider customer bases.
Ukraine Strikes Russia
- Ukraine used US long-range missiles to strike a Russian ammunition depot, marking a policy shift.
- Russia views this as direct US involvement, escalating tensions and raising nuclear weapon concerns.
Reporting from Ukraine
- Chris Miller reports from Ukraine amidst rolling blackouts caused by Russian missile attacks.
- These attacks have damaged Ukraine's power generation capacity.