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FirstFT: Iran vows revenge for ‘terrorist act’ after bomb blasts kill nearly 100

Also in today’s newsletter, French and German inflation figures and Ruchir Sharma’s 2024 predictions

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China raises space military challenge to U.S.

The United States and China are rapidly building space warfare capabilities as part of a race to dominate the zone outside Earth’s atmosphere. Air Force Gen. John W. Raymond, commander of the Pentagon’s new Space Command, said last week that the threat of attacks against vital American satellites is real. “I can tell you from…