Bloomberg Business

Ukraine Recap: Kyiv Repels Latest Russian Cruise Missile Barrage

Ukraine repelled four Russian cruise missiles fired from strategic bombers overnight, the country’s air force said. The missiles, which were headed toward Kyiv, were downed without causing serious injuries or extensive damage, the capital’s military administration said. A drone hit an apartment block overnight in the Russian city of Kursk, north of the Ukrainian border, causing damaging including smashed windows. A second drone was taken down over Bryansk.

Slower US Job Growth to Support Fed Patience

Employment growth in the world’s largest economy probably cooled and wage increases moderated in August, suggesting a further tempering of inflation risks that reduces the urgency for another Federal Reserve interest-rate hike.