‘Thousands’ of North Korean troops deployed to Russia

In immediately’s e-newsletter:

Good morning. Hundreds of North Korean troopers in Russia shall be despatched to struggle Ukrainian troops within the Kursk area within the subsequent week, Kyiv intelligence officers have warned.

The officers stated that general greater than 12,000 North Koreans had arrived within the far east of Russia forward of their deployment in Kursk, though different international locations differed on the scale of Pyongyang’s pressure.

The US confirmed the North Koreans’ presence in japanese Russia for the primary time yesterday, saying that Pyongyang moved at the least 3,000 troopers there from early to mid October.

“If they’re a cobelligerent, their intention is to participate in this war on Russia’s behalf, that is a very, very serious issue,” US defence secretary Lloyd Austin stated. “It will have impacts not only in Europe — it will also impact things in the Indo-Pacific as well.” Right here’s what else we all know concerning the North Korean troops in Russia.

• Russian arms exports: State weapons large Rostec might halt exports of its high-tech items together with jets, air defence methods and ships to fulfil the calls for of Moscow’s battle in Ukraine, its chief govt has warned.

And right here’s what else I’m protecting tabs on immediately:

• Financial knowledge: Malaysia releases September CPI inflation knowledge, Taiwan publishes the newest jobs report and South Korea reviews third-quarter advance GDP.

• Summit: South Korean President Yoon Suk Yeol meets Polish President Andrzej Duda in Seoul.

• Outcomes: SK Hynix, Hyundai Motor and Canon report earnings.

5 extra high tales

1. Xi Jinping and Narendra Modi held their first formal bilateral assembly in 5 years, marking an obvious thaw in relations between China and India. Their assembly at a Brics summit in Russia yesterday got here days after the 2 international locations introduced an settlement on patrols alongside their disputed border, the positioning of lethal clashes 4 years in the past.

2. Shares in Tokyo Metro soared 45 per cent greater on their Tokyo Inventory Alternate debut. The underground railway community carries greater than 6.5mn passengers a day via the Japanese capital at ranges of punctuality and cleanliness envied all over the world. Learn extra on Japan’s greatest public providing for six years.

3. Kamala Harris attacked Donald Trump for in search of “unchecked power” if he wins the White Home once more. Harris’s remarks, which come lower than two weeks earlier than the election, had been a response to feedback in The New York Instances from Trump’s former chief of workers, who referred to as the ex-president a fascist who admired Adolf Hitler.

4. HSBC chief govt Georges Elhedery’s deliberate overhaul of the financial institution has reignited debate a few break-up of the group. Rajiv Jain, founding father of GQG Companions, a high 20 investor in HSBC, stated it ought to think about a complete break up between operations within the east and west, an concept that was as soon as championed by high shareholder Ping An.

5. Tesla’s quarterly revenue beat analysts’ estimates and it forecast a “slight growth” in deliveries this 12 months. The outcomes pushed the inventory of the world’s largest electrical automobile maker greater than 8 per cent greater in after-hours buying and selling.

Information in-depth

Chinese language scholar Hu Wei was one of the outstanding critics of Russia’s full-scale invasion of Ukraine in 2022, when he referred to as for Beijing to “cut off as soon as possible” its ties with Vladimir Putin. His place ran immediately in opposition to Chinese language chief Xi Jinping’s coverage of carefully courting the Russian president. Hu has now been pressured into early retirement, becoming a member of a rising variety of students who’ve been fired or disappeared because the Communist celebration below Xi tightens its grip on academia.

We’re additionally studying . . . 

• E-bikes in China: Regardless of their ubiquity, the nation appears to be having issue regulating, and even defining, these automobiles, writes Shanghai correspondent Thomas Hale.

• When enterprise capital goes flawed: The demise of Byju’s, an Indian edtech firm, holds classes for different formidable scale-ups and traders, the FT editorial board writes.

• International financial system: The world financial system has been surprisingly resilient however draw back dangers stay for policymakers, argues Martin Wolf.

Chart of the day

Buyers are piling into rising market funds that exclude China regardless of a latest blistering rally in Chinese language shares. Funding corporations advised the FT that purchasers more and more see the world’s second-biggest financial system as too massive or dangerous to handle alongside different growing economies corresponding to India.

Take a break from the information

With out fungi, there could be no bread, wine or cheese, amongst many different pleasures. However do you know that fungi are neither vegetation nor animals? This reality may very well be holding again their conservation owing to an oversight within the classification of dwelling issues, writes science commentator Anjana Ahuja.