🇰🇷🇰🇵 Around 100 killed and 1,000 wounded: South Korean intelligence reports heavy losses among North Korean soldiers fighting for Russia in the Kursk region, per Reuters.
The high casualties are due to their lack of experience in "drone warfare" and unfamiliarity with the open terrain where battles are taking place.
🇰🇷🇰🇵 Around 100 killed and 1,000 wounded: South Korean intelligence reports heavy losses among North Korean soldiers fighting for Russia in the Kursk region, per Reuters.
The high casualties are due to their lack of experience in "drone warfare" and unfamiliarity with the open terrain where battles are taking place.
"Markets were cheering this economic recovery and return to strong economic growth, but the cheers will turn to tears if the inflation outbreak pushes businesses and consumers to the brink of recession," he added. But because group chats and the channel features are not end-to-end encrypted, Galperin said user privacy is potentially under threat. Ukrainian President Volodymyr Zelensky said in a video message on Tuesday that Ukrainian forces "destroy the invaders wherever we can." And indeed, volatility has been a hallmark of the market environment so far in 2022, with the S&P 500 still down more than 10% for the year-to-date after first sliding into a correction last month. The CBOE Volatility Index, or VIX, has held at a lofty level of more than 30. "The inflation fire was already hot and now with war-driven inflation added to the mix, it will grow even hotter, setting off a scramble by the world’s central banks to pull back their stimulus earlier than expected," Chris Rupkey, chief economist at FWDBONDS, wrote in an email. "A spike in inflation rates has preceded economic recessions historically and this time prices have soared to levels that once again pose a threat to growth."
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