FT News Briefing Why Russia was caught off guard
Mar 26, 2024
The UN Security Council's call for a Gaza ceasefire adds pressure on geopolitical dynamics. Meanwhile, Russia is grappling with the distraction of the Ukraine conflict, leaving its security forces vulnerable to ISIS-K threats. Boeing's CEO plans to resign amid ongoing safety concerns, highlighting leadership challenges. Plus, a deep dive into how infrastructure has evolved into a $1 trillion investment asset class, emphasizing the critical need for companies to adapt to changing financial landscapes and geopolitical shifts.
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Russia's Security Shift
- Russia's internal security service (FSB) has shifted focus from terrorism to suppressing dissent against the Ukraine war.
- This shift has potentially made Russia more vulnerable to attacks from groups like ISIS.
Risks and Opportunities in Infrastructure
- Infrastructure investments, now a trillion-dollar asset class, face new risks due to rising interest rates and geopolitical instability.
- Increased public spending needs for modern infrastructure may present substantial investment opportunities.
Thames Water Case Study
- UK water utilities, like Thames Water, faced financial hardship after aggressive privatization and high debt.
- This resulted in increased rates and degraded service for customers.