Russia’s army and its weapons factories are sucking in a growing number of workers as Moscow braces for a long war in Ukraine, leaving civilian sectors with painful labour shortages and destabilising the broader economy. “The labour market is extremely tight,” the head of a big Russian mining company told the Financial Times. “It is
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For two years, Menachem Gida wrestled with a dark sense of foreboding. The communications hobbyist was part of a team of volunteers who, using a “satellite farm” in southern Israel, compulsively monitored Gaza’s communications networks and Arab media, passing on nuggets of information to the Israeli military. It was a semi-formal relationship. But when they
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Chainlink’s LINK (LINK) token experienced a remarkable 26% surge between Nov. 2 and 8, approaching $14, a level not seen since April 2022. This solidified its position as the 10th largest cryptocurrency (excluding stablecoins) by market capitalization. While the price action is a welcome sight for traders, is Chainlink’s current valuation of $8.1 billion justified?
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A debate over Amtrak funding derailed the House of Representative’s fiscal 2024 transportation bill Tuesday as opponents, many of them Republicans from the northeast, criticized the bill’s deep cuts to the train agency. The House was set to vote Tuesday on the Transportation-Housing and Urban Development measure, one of 12 appropriation bills that GOP leaders
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Joseph Schumpeter shocked many with his forthright views about the power of free markets. The early 20th century Austrian economist once told his students at Harvard University: “Gentlemen, a depression is for capitalism like a
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The EU said it was in “complete disagreement” with Turkey’s stance on Hamas after President Recep Tayyip Erdoğan referred to the Palestinian militant group behind the October 7 attack on Israel as a “liberation” movement.
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