Ukraine’s first airstrike using US-supplied long-range missiles has predictably dominated the news. The Kremlin has called it an escalation and set out new conditions for when it would be prepared to use nuclear weapons. In Kyiv, the reaction to the strike was more measured. At the time, Volodymyr Zelensky was outlining plans to bolster his country’s defence industry. Despite support from international allies, those close to the president know that Ukraine needs to remain focused on building its own weapons, especially given the many uncertainties of the year ahead.

Spirit, the largest US low-cost airline, has filed for bankruptcy protection after a long run of losses and ill-fated efforts to merge with larger carriers. The process is expected to last until early 2025; the Florida-based airline has assured passengers and employees that its operations will continue as normal in the meantime. The news follows a turbulent year for budget carriers in many parts of the world. Canada’s ultra-low-cost Lynx Air made its final voyage from Calgary to Toronto in February and Australia’s Bonza airlines bid customers a final hooroo in April.

Kering, the world’s second-largest luxury-goods group, has appointed fresh CEOs at Saint Laurent and Balenciaga, two of the highest-earning labels in its portfolio. Balenciaga’s current chief, Cédric Charbit, will take the helm of Saint Laurent, returning to the French maison where he once held the position of executive vice-president of product and marketing. Meanwhile, Gianfranco Gianangeli will leave his position as chief commercial officer at Saint Laurent to usher in Balenciaga’s new era.

The 16th edition of Abu Dhabi Art opens today and will host more than 100 galleries in the Manarat Al Saadiyat culture centre. The fair’s line-up features a mix of regional and international galleries, as well as emerging talents and established artists from more than 30 countries. This year, three of the seven sections are new additions. “Something Bold, Something New” shines a light on creatives from the Middle East; “Collectors Salon” highlights artefacts and historical objects; and “Silk Road: Drifting Identities” showcases works from Central Asia and the Caucasus.

Leaders from the world’s largest economies have been in Rio de Janeiro for the G20 summit. Plenty was discussed at this year’s event, from global policy strategies and economic development to the response to the conflicts in Ukraine, Gaza and beyond. But the summit is also an opportunity for leaders who have travelled from afar to make the most of their trips to the southern hemisphere and engage in some face-to-face diplomacy. Here’s a rundown of the key diplomatic detours happening this week.

1. Giorgia Meloni and Javier Milei
Italy’s prime minister touches down in the Argentinian capital today to meet president Javier Milei, following their participation at the G20 summit. The pair will discuss bilateral trade and increasing investment by Italian companies in Argentina.

2. Emmanuel Macron and Gabriel Boric
France’s president will meet his Chilean counterpart, Gabriel Boric. Global challenges such as climate change and the energy transition will be at the top of the agenda. Prior to the G20 summit, Macron was also in Argentina, launching a new phase in France’s relations in the region.

3. Xi Jinping and Luiz Inácio Lula da Silva
Despite not involving any significant additional travel, one of the most significant meetings will be the one between China’s president and his Brazilian counterpart, which takes place on 20 November. The two nations are celebrating 50 years of diplomatic relations; both Brazil and China are core members of the Brics group of major emerging economies. The two leaders will discuss development strategies and how to increase trade.

We’re back on familiar soil this week as we head to the East London neighbourhood of Dalston. This vibrant slice of the capital is renowned for its hole-in-the-wall coffee shops, high-end wine bars and some of London’s most exciting restaurants. Here, Monocle’s Hanna Pham shows us her favourite spots.