The UK's energy partner.

Learn more at equinore.

At Aquinore. UK. Good morning from the Financial Times. Today is Thursday, December 7th, and this is your

FT news briefing. Moody's is worried that China will retaliate because of a credit

downgrade.

Palestinians are running out of places to go in Gaza,

and oil investors seem unfazed by OPEC's production cuts.

Plus, Western countries have been getting cold feet about Ukrainian

aid will tell you what that means for the country. I'm Mark Filipino and here's the

news you need to start your day. The American Credit Reading Agency Moody's advised its staff in China not to go into the office this week.

Then on Tuesday, it cut its outlook for the country's sovereign

credit ratings to negative. A couple of employees told the FT that it was obvious that the two moves were related. One staff member said

Moody's wanted workers to stay home in the event their offices were raided in

retaliation for the rate cut, but the source added that a raid was

considered unlikely.

Moody's latest rate cut has already triggered a ton of criticism from Chinese officials

and it wouldn't be completely out of character for China to react with force. Authorities ordered raids on U.S. groups

like Cat Vision and Bain and Company earlier this year. Israel has been attacking the northern part of Gaza

basically since the beginning of this war with Hamas.

So because of that, people fled to the south.

Now that Israel is turning its focus to that part of the strip,

there's a big question about where Palestinians can go next.

...