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At Aquinore. UK. Good morning from the Financial Times. Today is Monday, June 17th, and this is your

F.T. news briefing. Global defense companies are hiring at their fastest rate in decades,

and the G7 seems to be riding high, at least for now.

Plus, the so-called Dash for Trash Investment Strategy is back in frontier markets.

Given the reforms that have happened in many of these economies in the last few years,

it's not as risky as it was and you're going in with your eyes open. I'm Kasha Bousallian and here's the news you need to start your day. The defense industry is on a hiring Blitz.

A recent survey from the FT found that top companies in the U.S. and Europe are looking

to hire tens of thousands of workers this year.

It's the most intense time for the defense sector since the end of the Cold War.

And that's because governments around the world have been ramping up their military spending

since Russia's full-scale invasion of Ukraine.

The companies that produce ammunition are some of those with the most aggressive hiring plans.

A big reason why is that government's stockpiles have been tapped out in the last few years.

The G7 summit wrapped up in southern Italy over the weekend and all and all it seems to have gone pretty well.

Global leaders were able to come to a consensus on a lot of important issues.

But maybe we shouldn't pop the champagne just yet.

Under the surface, things are a little rocky.

Here to explain is the F.T's Henry Foy.

He's been reporting on the summit.

Hey Henry.

...