‘Thousands’ of North Korean troops deployed to Russia

In at this time’s e-newsletter:

Good morning. 1000’s of North Korean troopers in Russia will probably be despatched to battle Ukrainian troops within the Kursk area within the subsequent week, Kyiv intelligence officers have warned.

The officers mentioned 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 dimensions of Pyongyang’s power.

The US confirmed the North Koreans’ presence in jap Russia for the primary time yesterday, saying that Pyongyang moved no less than 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 mentioned. “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 big Rostec might halt exports of its high-tech items together with jets, air defence techniques and ships to fulfil the calls for of Moscow’s struggle in Ukraine, its chief government has warned.

And right here’s what else I’m maintaining tabs on at this time:

• Financial knowledge: Malaysia releases September CPI inflation knowledge, Taiwan publishes the most recent jobs report and South Korea stories 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 prime 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 location of lethal clashes 4 years in the past.

2. Shares in Tokyo Metro soared 45 per cent larger on their Tokyo Inventory Trade debut. The underground railway community carries greater than 6.5mn passengers a day by way of the Japanese capital at ranges of punctuality and cleanliness envied around the globe. Learn extra on Japan’s largest 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, have been a response to feedback in The New York Occasions from Trump’s former chief of workers, who known as the ex-president a fascist who admired Adolf Hitler.

4. HSBC chief government 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 prime 20 investor in HSBC, mentioned it ought to contemplate a complete break up between operations within the east and west, an concept that was as soon as championed by prime 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 larger in after-hours buying and selling.

Information in-depth

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

We’re additionally studying . . . 

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

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

• International economic system: The world economic 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 current blistering rally in Chinese language shares. Funding companies informed the FT that shoppers more and more see the world’s second-biggest economic system as too massive or dangerous to handle alongside different growing economies akin to India.

Take a break from the information

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