Iran delivers ‘hundreds’ of ballistic missiles to Russia

Good morning. At the moment we’ll be masking:

• Local weather talks between the US and China

• New polls suggesting Kamala Harris’s momentum is fading

• Most cancers medication and their spiralling worth tags

However first, Iran has despatched “a whole bunch” of ballistic missiles to Russia in what Kyiv officers mentioned marks a “critical escalation” of Tehran’s help for Moscow’s invasion of Ukraine. 

“Greater than 200” Fath-360 short-range ballistic missiles arrived in a Russian Caspian Sea port final week, in keeping with senior Ukrainian officers acquainted with the matter.

The surface-to-surface missiles have a spread of as much as 120km and are possible for use by Russia to strike infrastructure and northern cities near the border, corresponding to Kharkiv and Sumy, and troop positions and army targets alongside the frontline, in keeping with the Ukrainian officers. 

The officers mentioned the supply of the Iranian short-range missiles will enable Russia to deploy its long-range hypersonic Kinzhal missiles — a few of the most refined weapons within the Kremlin’s arsenal — to hit targets deeper inside Ukraine.

Andriy Zagorodnyuk, a former Ukrainian defence minister and director of the Kyiv-based Centre for Defence Methods, mentioned the Iranian missiles pose a “enormous menace”. Read the full story.

• ‘Questions’ amongst Russian elite: Ukraine’s Kursk offensive has dented Vladimir Putin’s struggle narrative and triggered “questions” among the Russian elite concerning the level of the struggle, two of the world’s main spy chiefs mentioned throughout a joint look on the FTWeekend pageant.

Right here’s what else I’m holding tabs on at this time:

• Financial knowledge: Japan reviews revised second-quarter progress figures and China publishes August inflation knowledge.

• EU-China relations: Spanish Prime Minister Pedro Sánchez begins a four-day go to to China, the place he’ll meet Xi Jinping. The journey comes amid commerce tensions between Beijing and Brussels. (South China Morning Publish)

5 extra high tales

1. Washington’s high local weather diplomat John Podesta has pressed Chinese language leaders to provide you with bold plans to chop greenhouse fuel emissions by 2035 in one of many ultimate conferences between the world’s two largest polluters forward of the UN COP29 local weather summit in November. The FT’s Aime Williams has more on Podesta’s trip to Beijing.

2. Kamala Harris is beneath strain to placed on a robust efficiency within the debate in opposition to Donald Trump this week after polling suggested her momentum in the presidential contest could be fading. Surveys forward of the Tuesday evening face-off present the race neck-and-neck with voters uncertain of the place the Democrat stands on election points.

• Extra US information: Corporations issued record volumes of US debt final week as they moved to go off doable volatility from carefully watched financial knowledge, a Federal Reserve assembly and a fast-approaching presidential election.

3. Indonesian palm oil producers have warned of worldwide provide chain disruption if the EU proceeds with a ban on the import of commodities linked to deforestation this yr. “There will be chaos if implemented,” Eddy Martono, chair of the Indonesian Palm Oil Affiliation, informed the FT.

4. Edmundo González, the opposition candidate recognised by the US because the winner of Venezuela’s disputed presidential election, arrived in Spain to seek political asylum yesterday, having fled the Latin American nation after President Nicolás Maduro’s authorities ordered his arrest.

5. Greece has mentioned it should crack down on short-term vacation leases and cruise ship visitors as a part of a set of measures to curb extreme tourism within the Mediterranean nation. However business leaders warned the restrictions could harm a crucial economic sector at a time when Greece is on monitor to report a document variety of guests for the yr.

Interview

Shanghai’s Power Singularity is looking for to boost $500mn to develop next-generation nuclear fusion expertise, as China races with the west to crack the issue of commercialising the groundbreaking clear power. Ye Yuming, the start-up’s chief working officer and co-founder, believes that rival US teams take pleasure in “a way more beneficial” funding atmosphere. However Ye informed the FT that Power Singularity expects to have the ability to leverage China’s deep supply chains for key materials.

We’re additionally studying . . . 

• Masters in Administration Rating: Salaries of masters in administration graduates from main enterprise faculties who now work in finance have jumped sharply in latest months, according to the FT’s latest MiM ranking.

• ‘Air-conditioned nightmare’: Air conditioners pump warmth again into the road, additional warming the atmosphere. However there are design and behaviour-led ways to stay cool, too.

• Stress and parenting: Latest surveys within the US and UK present dad and mom really feel extra burdened — and lonely. The elevated isolation many really feel is a symptom of a larger problem, Camilla Cavendish explains.

Chart of the day

New most cancers medication are providing hope to sufferers however can’t be divorced from their spiralling worth tags. World spending on oncology medication grew to $223bn final yr, in keeping with analysis from the IQVIA Institute for Human Information Science. It expects the determine to balloon to $409bn by 2028.

Take a break from the information

Helen Fisher, who died of endometrial most cancers final month aged 79, left a placing legacy: legitimising love as a topic worthy of scholarly inquiry whereas by some means not diminishing its magic. In at this time’s really useful learn, FT science commentator Anjana Ahuja remembers the anthropologist who took her insights out of the laboratory and into online dating.