Kyiv attacked by Iranian-made drones
Russia attacked the Ukrainian capital yesterday with an Iranian-made drone, continued the campaign against Ukraine’s energy infrastructure and civilian targets. The attacks occurred during the morning rush hour, killing at least four people.
The attacks highlight Russia’s growing use of self-destructing Iranian-made drones, which one makes a humming sound like a lawn mower or lawn mower and explodes on contact. The Shahed-136 drone has a range of about 1,500 miles and carries a warhead weighing around 80 pounds, but is slow and easy to target. Western analysts see their use as a sign that Russia’s arsenal of precision missiles is running low.
Iran has officially denied supplying Russia with drones for use in Ukraine, but US officials say the first batch of the weapons were delivered in August. Ukraine’s Air Force says , Russia shot down 43 of the drones yesterday, but 37 were shot down by air defense systems.
React: Ukraine calls on the European Union to punish Iran with sanctions to supply drones to Russia.
Text definition: Targets in yesterday’s attack included the headquarters of Ukraine’s national energy agency and a city heating station, and they signaled Russia’s aim was to cripple electricity and vital services. another when winter ends.
Other developments:
China delays release of economic data
When China’s ruling elite rallied for the Communist Party Congress twice in a decade, the country’s National Bureau of Statistics chose indefinitely delay the release of economic data was scheduled for Tuesday morning, without explanation.
The data is expected to include closely watched numbers on economic growth from July to September, which are expected to show continued lackluster performance. The General Department of Customs has also indefinitely delayed the release of September import and export statistics.
Large countries rarely delay the release of even an economic statistic for fear of hurting financial confidence. After closing trading on China’s stock exchanges on Monday afternoon, the National Bureau of Statistics canceled its quarterly press conference, scheduled for Tuesday morning.
Text definition: Under the leadership of President Xi Jinping, China is going back to its roots: a state-controlled economy that requires businesses to conform to the goals of the Communist Party of China.
What’s next: Xi is ready to declare a breakthrough third term as leader at the end of the conference, and speech opening up made it more clear than ever that China was moving away from liberalization.
Finance minister abandons most UK tax cuts
In an attempt to advance the free market economic agenda proposed by Chancellor Liz Truss, the new prime minister of the British Exchequer, Jeremy Hunt, announced today that he will reverse virtually all government tax cuts.
He also put a limit on the duration of the energy subsidy. The moves come in a desperate attempt to stabilize financial markets and stabilize the government. But as Hunt moves to take control of the government’s economic levers, Conservative lawmakers are meeting to find a way to force Truss out of power.
Truss’ Conservative government had planned to release tax and spending details in its financial plan on October 31, but with markets still turning, Hunt hastened to resume the schedule.
Data: As a result of the announcement as well as some better-than-expected earnings reports, markets in the UK and US spiked on Monday.
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BTS enlists in the Korean army
Members of K-pop group BTS will enlist in the Korean army in accordance with the lawThe band’s company said on Monday, ending months of public debate over whether the group qualifies for an exemption from mandatory military service.
South Korea requires all healthy men to enlist in the army when they turn 30 and serve for about two years. Exceptions may be granted, for example, to Olympic athletes and certain advanced classical musicians, but pop artists are not eligible.
The seven members will reunite “as a group again sometime around 2025” after completing their services, Big Hit Music said in a statement. a statement posted on Twitter. Following the announcement, the stock price of Big Hit’s parent company, HYBE, fell 2.5% on Monday.
Millions of frustrated fans, who call themselves the Army, took to social media to express their support, grief and distrust. This move is also likely to have wider ramifications, causing Korea to lose ground billions of dollars that the band’s followers pump into its economy.
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