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Latest in Russia-Europe Tensions· Oct 22

Russia launched three waves of missiles into Ukraine as Moscow and Kyiv agreed to resume peace talks, a pattern that undercuts confidence in settlement prospects and sustains safe-haven demand and defense spending. Germany's Rheinmetall opened a tank barrel factory in Britain's Telford, marking a return of armored vehicle component manufacturing to domestic production after two decades of reliance on imports—a shift driven by NATO rearmament and geopolitical tensions that reduces foreign dependency for critical military hardware and raises steel demand. Tensions between Musk and Ukraine over Starlink service prompted Ukrainian officials to seek alternative satellite communications providers, creating potential demand for defense-grade satellite infrastructure if independent capacity lags behind requirements. Trump attributed restoration of Ukraine's internet connectivity to Elon Musk, a claim without established links to commodity prices, rates, or supply chains.