Plus China delays economic data and the U.K. finance minister drops the tax plan.
- 1 Kyiv is attacked by Iranian-made drones
- 2 China delays release of economic data
- 3 Finance minister drops most of U.K. tax-cuts plan
- 4 Asia
- 5 World News
- 6 What Else Is Happening
- 7 A Morning Read
- 8 BTS to Enlist in South Korea’s Military
- 9 What to Cook
- 10 What to Listen to
- 11 Wellness
- 12 Now Time to Play
Kyiv is attacked by Iranian-made drones
Russia attacked Ukraine’s capital yesterday with Iranian-made drones, continuing its campaign of strikes against Ukrainian energy infrastructure and civilian targets. The attacks came during morning rush hour, killing at least four people.
The strikes highlighted Russia’s growing use of the Iranian-made self-destructing drones, which make a buzzing sound like a moped or a lawn mower and explode on contact. The Shahed-136 drones have a range of about 1,500 miles and carry warheads of about 80 pounds, but are slow and easy to target. Western analysts say their use is a sign Russia’s stocks of precision missiles are running low.
Iran has officially denied supplying Russia with drones for use in Ukraine, but U.S. officials have said that the first batch of such weapons was delivered in August. Ukraine’s air force said that Russia had fired 43 of the drones yesterday, but that 37 were shot down by air defense systems.
Response: Ukraine called on the European Union to punish Iran with sanctions for supplying Russia with the drones.
Context: The targets in yesterday’s strike included the headquarters of Ukraine’s national energy utility and a municipal heating station, and they signaled Russia’s aim of crippling power and other key services as winter looms.
Generators were switched back on at the Zaporizhzhia nuclear plant after a strike knocked out external power again.
China delays release of economic data
As China’s ruling elite gathered for the twice-a-decade Communist Party congress, the country’s National Bureau of Statistics opted to delay indefinitely the release of economic data that had been scheduled for Tuesday morning, without an explanation.
The data was expected to include closely watched numbers for economic growth from July to September, which had been expected to show continued lackluster performance. The General Administration of Customs has also delayed indefinitely the release of export and import statistics for September.
Large countries seldom postpone the release of even a single economic statistic for fear of hurting financial confidence. After the close of trading on Chinese stock exchanges on Monday afternoon, the National Bureau of Statistics canceled its quarterly news conference, which had been scheduled for Tuesday morning.
Context: Under the leadership of President Xi Jinping, China is returning to its roots: a state-controlled economy that demands businesses conform to the aims of the Chinese Communist Party.
What’s next: Xi is poised to claim a groundbreaking third term as leader at the end of the congress, and his speech at its opening made it clearer than ever that China is moving away from liberalization.
Finance minister drops most of U.K. tax-cuts plan
In an effort to pump the brakes on the free-market economic agenda proposed by Prime Minister Liz Truss, Britain’s new chancellor of the Exchequer, Jeremy Hunt, announced today that he would reverse virtually all the government’s planned tax cuts.
He also put a time limit on energy subsidies. The moves came in a desperate bid to steady the financial markets and stabilize the government. But as Hunt moved to take control of the economic levers of government, Conservative Party lawmakers were meeting to plot ways to force Truss out of power.
Truss’s Conservative government had planned to announce the tax and spending details of its fiscal plan on Oct. 31, but with the markets still gyrating, Hunt rushed forward the schedule.
Data: As a result of the announcement as well as several better-than-expected earnings reports, markets in the U.K. and U.S. shot upward on Monday.
THE LATEST NEWS
Japan’s prime minister ordered an investigation into the Unification Church and its close ties to many government leaders, Reuters reports.
As flooding continues in Victoria State in Australia, officials say that up to 34,000 homes could be inundated or isolated, The Associated Press reports.
China’s hypersonic missile program uses American technology, an investigation by The Washington Post found.
A man protesting outside the Chinese Consulate in the British city of Manchester was dragged onto the consular grounds and beaten, increasing tensions between the countries.
The fate of the current protest movement in Iran rests largely with the Revolutionary Guards and the country’s other security forces, which have remained a roadblock to toppling the country’s hard-line clerical rulers.
What Else Is Happening
Trump Hotels charged the U.S. Secret Service exorbitant rates for rooms used to protect Donald Trump and his family, according to the House Oversight Committee.
Ahead of next month’s midterm elections, a New York Times/Siena College poll found that independents, especially women, are swinging toward the G.O.P. despite the Democrats’ focus on abortion rights.
The Justice Department said that Stephen Bannon, a former top aide to Donald Trump, should spend six months in jail and pay a fine of $200,000 after disobeying a subpoena from the House committee investigating the Jan. 6 attack.
The clitoris is “completely ignored by pretty much everyone,” according to one medical expert, and that omission can be devastating to women’s sexual health.
A Morning Read
Victor Wembanyama, a 7-foot-3 18-year-old from France with an eight-foot wingspan, is expected to be the first pick in the next N.B.A. draft. He’s the most hyped teenager since LeBron James, who called him an “alien,” and those who knew Wembanyama growing up joked that he was sometimes on his own planet.
ARTS AND IDEAS
BTS to Enlist in South Korea’s Military
The members of the K-pop group BTS will enlist in South Korea’s military as required by law, the band’s label said on Monday, ending months of public debate about whether the group qualified for an exemption to mandatory conscription.
South Korea requires all able-bodied men to enlist by the time they turn 30 and to serve for about two years. Exceptions can be granted, for example to Olympic athletes and some high-level classical musicians, but pop music artists do not qualify.
The seven members will reconvene “as a group again around 2025” after completing their service, the label, Big Hit Music, said in a statement posted on Twitter. After the announcement, the stock price of Big Hit’s parent company, HYBE, fell 2.5 percent on Monday.
Millions of dejected fans, who call themselves the Army, took to social media to express their support, grief and disbelief. The move is also likely to have wider ramifications, depriving South Korea of the billions of dollars the band’s followers pump into its economy.
PLAY, WATCH, EAT
What to Cook
This apple crisp is delicious hot and cold.
What to Listen to
With so many shows to keep up with, Mallory Rubin, head of editorial for The Ringer, uses podcasts to guide fans through popular fictional universes.
Immunologists and other health experts recommend four things as we head into cold and flu season.
Now Time to Play
Play the Mini Crossword, and a clue: Shop-till-you-drop outing (5 letters).
That’s it for today’s briefing. See you next time. — Lauren and Jonathan
The latest episode of “The Daily” is on Herschel Walker, the former football star who is running for the Senate.
You can reach Lauren, Jonathan and the team at [email protected].