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Ukrainian-founded drone maker UForce raises $700 million at $6 billion valuation
The investment will help UForce expand production for Ukraine and supply allied countries with systems suited to modern warfare, the company said.
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Saturday, November 14
FAA orders nationwide ground stop for all US flight departures
The grounding was the first nationwide flight stoppage since January 2023, when an FAA computer system malfunctioned. Before that, the last nationwide grounding followed the terrorist attacks of Sept. 11, 2001.
Historic first summit for Trump, Xi, Putin will not focus on Ukraine, White House says
A U.S. official said that a trilateral meeting has been planned, but will focus on nuclear non-proliferation and the war in Iran.
Russia strikes Zaporizhzhia, injures 50, including 8 children
Local authorities later on Nov. 13 reported that a rescue worker from the Cobra emergency service was killed when a concrete slab fell on him while he was clearing debris from a building damaged in the Russian attack.
US Air Force responds to suspected drone activity at military base in UK
The U.S. Air Force has maintained a presence at the base since 1948, as part of the longstanding military partnership between the United States and the United Kingdom.
Friday, November 13
European leaders agree on joint team for Ukraine peace negotiations, Costa says
"Today the leaders agreed that our European Team for the negotiations on peace in Ukraine is the European Union institutions and the E5 (countries) of the Coalition of the Willing," European Council President Antonio Costa said on Nov. 13.
France seizes Ukrainian oligarch Zhevago's $40 million Paris mansion in embezzlement investigation
The property was seized on Nov. 9 as part of an investigation into the alleged embezzlement of $113 million from Ukraine's now-defunct Finance and Credit Bank, which Zhevago previously controlled.
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The Kyiv Independent’s Business Desk covers the biggest news in business, economics, and tech from Ukraine, as well as global developments that shape the economy of the region.
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Kyiv has urged its partners to speed up aircraft deliveries, which are expected to strengthen Ukraine's air defense capabilities, including its ability to intercept Russian attack drones, Volodymyr Zelensky said on Nov. 11.
