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Gregory Makoff’s book is a fair and comprehensive look at what became the trial of the century for sovereign debt

Borrowers turn to distressed exchanges in the face of punitive interest rates

The FTSE 250 constituent’s revenues are in sharp contrast to the ones of its peers

Rheinmetall’s Armin Papperger makes case for air defence systems as EU contends with increased Russian threat

Chief executive Charles Woodburn is focused on Labour government’s UK defence review

Leading contractors, including RTX in the US, the UK’s QinetiQ, and Europe’s MBDA, are investing heavily in the technology

Spending on pensions and healthcare is more popular with voters but Europe and the UK must make politically tough choices

Top US and European defence companies want to recruit tens of thousands of workers this year

Also in this newsletter: HSBC profits plummet, Navalny jail bosses sanctioned, hedge fund makes $1bn from interest rates bet