Novatek PJSC’s gas-condensate terminal at the Russian port of Ust-Luga on the Baltic Sea was ablaze early Sunday, Leningrad region Governor Alexander Drozdenko said in a post on Telegram. The governor did not elaborate on the cause of the fire but local media outlet Fontanka said drones attacked the facility at 3:20 a.m. local time. … Read more
Ukraine’s Defense Ministry said it uncovered an attempt by some officials to purchase artillery shells at inflated prices, revelations that came after Defense Minister Rustem Umerov pledged to weed out corruption in the military sphere. One official was detained and others were dismissed from their posts as a result of the investigation, the ministry said … Read more
Over the summer, Beijing limited Pentagon chief Lloyd Austin to a single handshake with sanctioned Chinese Defense Minister Li Shangfu at a top military forum. Now, Li’s drop from public view could help reboot senior-level military talks between the superpowers. The Chinese defense chief is reportedly under probe after not being seen in public since … Read more
Good morning. Stocks vs bonds, an overhaul in Ukraine’s defense ministry and oil extends its rally. Here’s what people are talking about. This year’s US stock market rally is strong enough to withstand another leg higher for bond yields, according to the latest Markets Live Pulse survey. With the soft-landing narrative for the world’s biggest … Read more