FirstFT: Zelensky vows to counter Russian infrastructure attacks

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Volodymyr Zelenskyy said Russia’s new strategy to destroy Ukraine’s infrastructure and plunge it into darkness would not weaken the country’s resolve to liberate all occupied lands, calling the conflict a “war of strength and resilience.”

“We must return all the lands. . . because I believe that the battlefield is the way when there is no diplomacy,” Zelensky said. said Financial Times in an interview. “If you cannot fully reclaim your land, the war is simply frozen. It’s a matter of time before it resumes.”

Since last month, Moscow has stepped up its bombing campaign against Ukraine’s vital infrastructure, hoping to force Kyiv to make concessions despite its success on the battlefield.

On Wednesday, Russia fired 70 missiles at infrastructure facilities across Ukraine, leaving about 80 percent of the country in darkness and without water. All 15 nuclear reactors in Ukraine were turned off due to unstable power supply.

Zelensky acknowledged that the fate of Crimea is high on the international agenda. “I understand that everyone is confused about the situation and what will happen to Crimea. If someone is ready to offer us a way to de-occupy Crimea in a non-military way, I will be all for it,” he said.

“If the decision [does not involve] de-occupation and [Crimea] is part of the Russian Federation, no one should waste their time on this. It’s a waste of time.”

Think you’ve been up to date with the news this week? take us quiz and to know.

1. Chinese lenders will inject $162 billion in loans to developers The Industrial and Commercial Bank of China, China’s largest lender by assets, has announced an extension credit lines totaling 655 billion yuan ($92 billion) to 12 developers. Lending is a big deal for China’s struggling real estate sector, which provides more than a quarter of economic output but has been in a liquidity crunch for more than a year.

2. Foxconn tries to quell protests at the iPhone factory Apple manufacturing partner Foxconn offered 10,000 yuan ($1,400) payments to newly hired employees who have decided to leave the iPhone factory and pledged to honor pay agreements in an attempt to quell unrest following clashes between workers and police.

3. Twitter Dissolves Brussels Office Start Twitter dissolved his entire Brussels officewhich raised concerns among EU officials over whether the social media platform would comply with the bloc’s strict new rules on online content controls.

4. Disney awarded Iger a $10 million consulting contract to the CEO. Bob Iger got a $10 million deal to give advice to his successor, Bob Chapek, even though the two leaders barely spoke. This week, Iger returned to Disney as chief executive after his chosen heir, Capek, was ousted in an internal uprising.

5. Anwar Ibrahim sworn in as Prime Minister of Malaysia. Anwar is a former protégé of former Prime Minister Mahathir Mohamad. The reformist leader was sworn in on Thursday evening after five days of uncertainty following Saturday’s general election. He takes the reins of government torn by political divisions and struggling with the fragile economy hit by the pandemic.

PS join Leading FT reporters speak to business and government leaders including the Managing Director of Sequoia India and South East Asia, former Chief Economic Adviser to the Government of India, Associate Dean of the Shanghai Advanced Institute of Finance and many more in The Global Boardroom Dec. 7-9. Sign up for a free digital pass today.

The next day

Verdict for Bishop Xena Sentenced 90-year-old former Bishop of Hong Kong Cardinal Zen, and five others who are accused of failing to register a now-defunct fund set up to help people arrested during the 2019 mass protests against the government. They all pleaded not guilty. If found guilty, they face a fine of up to HK$10,000 without jail time.

Black Friday One of the biggest days on the retail calendar is about to begin, and analysts are keeping a close eye on any signs that consumers are cutting back on spending. After Black Friday, major retailers such as Argos and Woolworths changed the advertising industry.

world Cup In today’s first match, Iran will play with Wales. After that, Qatar will play Senegal, then the Netherlands with Ecuador and England with the USA.

World Cup Arena

Day 5 of the World Cup starts tomorrow © AFP via Getty Images

What else do we read

The cost of Chinese chips Our new Big Read explores value America’s ban on Chinese semiconductors. The new US technical regulations will hurt Chinese chip makers, but will also increase inflationary pressures on many products.

At the court of “King” Trump Jemima Kelly away Mar-a-Lago and mingles with the Trumpeters and superfans of the former US president at his home base, part social club, part political nerve center of a man whose obsession with winning threatens to split the Republican base.

UK restricts use of Chinese-made surveillance systems at government facilities In announcing the ban, Cabinet Minister Oliver Dowden said it would cover visual observation equipment “manufactured by companies subject to the National Intelligence Law of the People’s Republic of China.”

How magical thinking contributed to the rise and fall of FTX As the cryptocurrency exchange collapsed this month, it became clear that the concentration of power, coupled with a lack of oversight, resulted in huge customer losses as funds were channeled without any accountability. Gillian Tett reflects on deep divisions of the industry. If you missed your FTX bankruptcy hearing, we covered you.

How China’s close ties are putting pressure on Beijing’s anti-coronavirus policy More than 1.3 million people in China were under medical observation this week due to close contact with Covid-19 cases, the highest level since the pandemic began in Wuhan. The number of close contacts is an indicator of whether authorities are still able to control the virus. If the situation gets even more out of control, the government may impose tougher restrictions.

China’s 1.3 million close contacts mount pressure on the country’s zero-tolerance policy © Getty Images

food, drink

I have nothing against staples like sour cream and green onions, tzatziki or guacamole. But when you want something more gastronomic, What sauces do you prefer besides hummus? American chef Lucas Folger Snacks for dinner dedicates an entire chapter to sauces that seem adventurous and sumptuous but are relatively easy to make.

Recipes from the Dinner Appetizers section, including (clockwise from bottom left) dill and white bean pate, focaccia, and cottage cheese mushrooms
Dinner Appetizer recipes including (clockwise from bottom left) dill and white bean pâté, focaccia and cottage cheese mushroom © Cara Howe

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