FT News Briefing China’s game-changing hypersonic technology
Nov 23, 2021
Discover how China's hypersonic technology is reshaping military dynamics, with breakthroughs that stunned Pentagon scientists. The discussion highlights a missile test that showcases unprecedented speed, raising alarms in the U.S. about its implications for national defense. Alongside this, President Biden's nomination of Jay Powell hints at continuity for the Federal Reserve amidst challenges like inflation and labor market recovery. Also, Uber's cannabis delivery service in Canada represents an intriguing pivot in its business model.
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Powell's Reappointment
- President Biden renominated Jay Powell for a second term as Federal Reserve Chair.
- This decision prioritizes continuity amidst economic challenges like high inflation.
Powell's COVID Response
- Powell's success navigating the economic fallout of the COVID-19 crisis influenced his reappointment.
- His steady hand during the recovery outweighs criticism about his regulatory stance.
China's Hypersonic Missile Test
- China tested a hypersonic missile in July, firing a missile mid-flight at five times the speed of sound.
- This technological advancement surprised Pentagon scientists, as no other country has demonstrated this capability.