FirstFT: Chinese missile tests physics constraints

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China’s hypersonic weapon test in July included a technological advance that allowed it to fire a missile as it approached its target traveling at least five times the speed of sound – a capability no country has. demonstrated before.

Pentagon scientists were caught off guard by the advance, which allowed the Hypersonic Glide Vehicle, a maneuverable spacecraft capable of carrying a nuclear warhead, to fire a separate missile mid-flight over the South China Sea. , according to people familiar with the information.

Experts at Darpa, the Pentagon’s advanced research agency, are still unsure how China overcame the constraints of physics by firing countermeasures from a vehicle traveling at hypersonic speeds, the researchers said. people familiar with the details of the demonstration.

Military experts have looked at the data related to the test to understand how China has harnessed the technology. They also debate the purpose of the projectile, which was fired by the hypersonic vehicle with no obvious target, before plunging into the water.

What is your reaction to the news of China’s advance? Tell me what you think [email protected]. Thanks for reading FirstFT Asia. – Emilie

1. KKR makes a € 33 billion takeover offer for Telecom Italia The US buyout fund has launched a bid of more than 33 billion euros to privatize Telecom Italia in what would be one of the largest private equity buyouts of a European company in history.

2. Olympics chief holds video call with missing Chinese tennis star Thomas Bach said he held a 30-minute video call with Peng Shuai on Sunday, with the International Olympic Committee saying she was “safe and healthy” in Beijing but “would like her privacy to be respected at this time “.

Peng Shuai signs autographs at a junior tournament © Twitter / @ QingQuingParis via Reuters

3. El Salvador envisions a “bitcoin city” fueled by a volcano President Nayib Bukele said the Central American country plans to build a volcano-fueled “bitcoin city” funded in part by a $ 1 billion issuance of cryptocurrency-backed sovereign bonds.

4. Samsung Investors Seek $ 100 Billion Cash Advice Samsung’s most powerful executive is touring the United States in what investors hope is a sign the company is looking to deploy its $ 100 billion in cash. Third-generation heir Lee Jae-yong is on his first overseas trip since his early release from prison on the grounds that it was in the national interest.

5. Indian Prime Minister abandons unpopular agricultural reforms The Indian prime minister will abandon controversial agricultural market reforms that have sparked year-long protests from Indian farmers and a major challenge to his authority.

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The coming days

China’s key rate decision Policymakers should keep China’s benchmark interest rate stable as they seek to limit risk in the real estate sector. (Reuters)

Economic data of Thailand The country’s third quarter employment data and household debt figures are expected to be released.

World Trade Organization Meeting The WTO General Council will meet in Geneva, Switzerland.

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Chart for Big Read showing how Spac's IPOs started to rebound

Key US commission announces next capital wars If there’s one thing Republicans and Democrats can agree on, it’s that China is America’s greatest long-term strategic threat. And yet, America’s financial firms couldn’t be more optimistic about the Middle Kingdom, writes Rana Foroohar.

Rise of Crypto.com The site began as the blog of a University of Pennsylvania professor, who sold the name in 2018 to a little-known cryptocurrency and credit card startup called Monaco. From Christmas Day, his name will be engraved on the iconic Los Angeles arena.

EU fiscal rules require more than technical adjustments In Freudian psychoanalysis, neurotic behavior is the manifestation of repressed feelings. In the EU’s obsession with codified rules, it is politics that is repressed. This is why the newly revived debate on the bloc’s budgetary rules is going to be difficult, writes Martin Sandbu.

The British cup of tea needs a spoonful of sophistication It is said that the British love little more than a cup of tea, but this affection is not shared by Unilever. Its $ 4.5 billion sale of some of the world’s biggest tea brands shows just how un-sentimental companies can be. It also raises a troubling question: Is black tea, brewed in a teapot and served with milk, becoming a relic?

Home & Home

Could you work from home in the Alps? During the pandemic, some skiers did just that. FT’s Liz Rowlinson investigates whether the romantic vision matches reality.

Val d’Isère: the French station installs high speed fiber optics, another advantage for teleworkers © andyparant.com

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