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Countering the security threat posed by the rise of China will be an important part of NATO’s future deliberations, the alliance chief said, marking a major rethinking of the Western alliance’s goals, which reflect the US’s geostrategic focus on Asia.
In an interview with the Financial Times, NATO Secretary General Jens Stoltenberg said China is already having an impact on European security through its cyber capabilities, technologies and long-range missiles.
The FT reported over the weekend that China tested a nuclear-weapons-grade hypersonic missile in August, demonstrating advanced long-range weapons capability that surprised U.S. intelligence and underscored China’s rapid military advances in next-generation weapons.
The military alliance has focused on fighting Russia for decades and, since 2001, on terrorism. The focus on China is in the midst of a shift in US orientation away from Europe towards a hegemonic conflict with Beijing.
Stoltenberg, who will step down next year after almost eight years at the helm of NATO, told the FT:
“China is getting closer to us. . . We see them in the Arctic. We see them in cyberspace. And of course they have more and more large arms that can reach all allied NATO countries. “
Do you think NATO is right to turn to China? Email me your thoughts at firstname.lastname@example.org. Thank you for reading FirstFT Americas. Here is the rest of today’s news.
Five more stories on the news
1. Goldman Sachs grants full ownership of the Chinese securities firm The green light was given by China’s Securities Commission and will allow Wall Street Bank to expand in China as Beijing eases restrictions on foreign companies in its financial sector. “This marks the beginning of a new chapter for our China business after a successful 17-year joint venture,” Goldman said in a memo to employees today.
2. Apple’s privacy changes bring good luck to its advertising business The tech giant’s advertising business more than tripled its market share in the six months following the introduction of privacy changes for iPhones that prevent competitors, including Facebook, from targeting ads.
3. Democrats who speak out against Biden’s spending law raise record money Moderate Senate and House Democrats who stood in the way of Joe Biden’s $ 3.5 trillion Build Back Better agenda raised record sums in the third quarter. There were major posts from the oil and gas, pharmaceutical and financial services industries released over the weekend.
4. Man held under the Terrorism Act after the murder of a UK MP A 25-year-old British national who was arrested on Friday for the murder of Conservative MP Sir David Amess has been named as a terrorist suspect. Amess, the representative for Southend West in Essex on the south coast of England, was stabbed several times during a meeting with voters.
US universities turn on spending taps Some of the most prestigious universities in the US are responding to calls to spend more on students and staff after their foundations achieved the strongest returns in decades thanks to soaring asset prices. The Massachusetts Institute of Technology and Dartmouth College joined Harvard last week, which announced in April that it would increase distributions from its endowment fund, which has increased by a third in a year.
China The economy grew 4.9 percent year over year in the third quarter and only 0.2 percent on a quarterly basis. Is China’s Economic Model Broken? Global China editor James Kynge and Beijing correspondent Sun Yu discuss the issue in this video.
the Biden administration will drop US travel restrictions on vaccinated foreigners starting November 8th.
A blackboard from above US scientists Recommended on Friday to approve Johnson & Johnson’s application to provide a second shot of its Covid-19 vaccine. Sale of BioNTech / Pfizer and Moderna The jabs are forecast to almost double in 2022.
the United KingdomThe weekly death rate was 12 per million last week, three times that of other major European countries. Data journalist John Burn-Murdoch and health reporter Oliver Barnes explain why.
The day ahead
The selection of the jury begins in the Arbery process The jury selection begins with the trial of the Georgia white men charged in connection with the murder of Ahmaud Arbery, a 25-year-old black man. (NBC News, FT)
Beijing 2022 Winter Olympics torchlight ceremony Two activists speaking out against the 2022 Games over the human rights situation in China were arrested yesterday in Athens ahead of the torch-lighting ceremony. (Reuters)
What else we read
Does Uber Deserve Its $ 91 Billion Valuation? Despite its rating, the rideshare company is still losing money. For more than a decade, investors have accepted billions in losses. Now Uber promises to balance the books but faces legal challenges, our Lex team explains.
Supply chain lessons from Long Beach Port disruptions have highlighted major problems in the global economy, from incompatibility of skills and jobs to an over-reliance on China as a supplier of a variety of critical goods, writes Rana Foroohar.
Developing countries could fall out of the convergence process Global macroeconomic challenges are increasing, from higher inflation to problems in the supply chain. Less attention has been paid to the vulnerability of developing countries. That goes far beyond the short-term, writes Mohamed El-Erian.
How to navigate the ‘closest normal’ at work Psychotherapist Esther Perel writes that a better understanding of human relationships will help business leaders minimize the impact of the pandemic on employees. “We don’t distance ourselves from the outside world – or from our internal states – between 9 a.m. and 5 p.m.,” she writes.
FT Executive MBA Ranking 2021 A French, a Chinese and a joint US-Hong Kong program have asserted their top three positions in the FT’s 2021 Executive MBA Ranking in a year marked by sustained pandemic interruptions to work and study. Read the ranking in full and a summary of the data in graphs.
A saucepan from a single source and a talking coffee machine are among the four new gadgets for the smarter home.
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