FirstFT: NATO will supply heavy weapons to Ukraine

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NATO member states have agreed to supply new types of advanced weapons to Ukraine, alliance officials say, as kyiv prepares for a new Russian offensive in the east of the country .

The pledge came after a plea by Ukraine’s foreign minister for Western countries to move faster with new supplies or instead see “many people die. . . because this help came too late”.

Six weeks after Russian President Vladimir Putin ordered the invasion of Ukraine, Moscow’s troops have largely withdrawn from territory north of kyiv after failing to capture the capital, but are regrouping and rearming ahead of an attempt to advance into eastern Donbass region, Ukraine and Western officials say.

Meanwhile, the United Nations General Assembly voted to suspend Russia from the Geneva-based Human Rights Council. Ninety-three UN members have given the go-ahead for Russia’s suspension – a rare rebuke for a member of the world body and the first such suspension for a permanent member of the UN Security Council. ‘UN.

However, 24 UN members – including China, Iran, Bolivia and Kazakhstan – voted against suspending Russia. India, Indonesia and Egypt were among the 58 countries that abstained.

The latest news on the war in Ukraine:

Thanks for reading FirstFT Asia. Send your comments on today’s newsletter to [email protected] – Emily

1. Ketanji Brown Jackson Confirmed for U.S. Supreme Court Seat The US Senate has confirmed Ketanji Brown Jackson for a seat on the Supreme Court, making her the first black female justice to join America’s top court in a big win for President Joe Biden, who defended her nomination.

Ketanji Brown Jackson and Joe Biden embrace after watching the Senate vote

Ketanji Brown Jackson and Joe Biden embrace after watching the Senate vote © Bloomberg

2. Toshiba considers takeover bids The Japanese company will set up a special committee to evaluate potential offers from private equity and other investors, opening the door to a historic deal to privatize one of the country’s biggest industrial names.

3. Vietnam’s VinFast Files for US IPO Automaker VinFast is to issue its shares in the United States as Vietnam’s largest automaker seeks to fund its move to go all-electric. The move makes it the latest automaker to turn to public markets in a bid to become a major global electric brand.

4. JD.com Founder Resigns Richard Liu has stepped down as chief executive of JD.com, the Chinese e-commerce group he founded more than two decades ago, marking the latest exit from one of the country’s top entrepreneurs. Beijing’s months-long campaign to rein in Big Tech has prompted several Chinese entrepreneurs to flee from leadership positions.

5. Samsung’s Windfall Earnings Forecast Samsung Electronics forecast its highest first-quarter operating profit since 2018 on the back of strong smartphone and chip sales, but the positive projections failed to dispel growing doubts over its tech lead over rivals. Apple and Taiwanese chipmaker TSMC.

Summary of coronavirus

The coming days

Japan’s Trade Balance Figures February data is expected to be released on Friday.

Rio Annual General Meeting in London Rio Tinto will lose another board member after its AGM on Friday. Non-executive director Hinda Gharbi is set to leave the company following the company’s decision in 2020 to blow up an Aboriginal heritage site. (Western Australia)

French presidential election The first round of the country’s presidential election will take place on Sunday. Here’s what you need to know about the state of the race. If no candidate wins a majority of votes this weekend (a likely scenario), there will be a runoff on April 24.

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What else we read

Asia-Pacific start-ups capture growth at home This year’s FT ranking of Asia-Pacific high-growth companies is the first of its kind to include data from the pandemic period. And it offers unique insight into the companies that have most effectively navigated Asia’s severe lockdowns.

Twitter’s edit button won’t rewrite your life Usually editing is a good idea. The proliferation of rambling newsletters on platforms such as Substack has reinforced the need for them. However, the virtue of Twitter is that it is a fast-paced discussion forum. Introducing changes would only make this matter cumbersome, writes Emma Jacobs.

The militarization of finance, part 2 The second in a two-part series on the new era of financial warfare examines how sanctions freezing Russia’s foreign currency reserves prompted countries to circumvent the US currency. The big question now is: will there be a backlash against the dollar?

Bar chart of official foreign exchange reserves (January 2022, in billions of dollars) showing the main holders of foreign reserves

Franciscan Monk Helps Vatican Tackle AI Engineer, teacher, ethicist and priest – Paolo Benanti is all of these. He also helps the Vatican navigate moral and ethical issues surrounding cutting-edge technologies such as bio-augmenting, neuroethics, and artificial intelligence.

“The forces of self-interest and technology cannot be undone” As part of the Economists Exchange series featuring conversations between top FT commentators and leaders in the field, former World Bank economist Branko Milanovic examines Africa’s growing role in global inequality.

Books

Competitive cooperation or containment? Martin Wolf reviews two books that lay out opposing views on how the United States should approach its relationship with rival superpower China.

To work — Find out what’s changing the world of work with Isabel Berwick, Editor-in-Chief of Jobs and Careers. register here

troubled times — Your essential FT newsletter on the changes in business and the economy between Covid and conflict. register here

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