We are postponing our policy to Sunday October 30th. Thank you very much for following us.
Here’s how the day went:
— Underwater drones move from Ukraine Russia to abandon grain deal. Hours after accusing Ukraine of attacking its ships with a swarm of underwater drones, Russia on Saturday withdrew from a deal to reduce global food costs by allowing grain exports from Ukrainian ports.
Russia accuses the UK of blowing up a major pipeline. The Russian Defense Ministry said the British military corps of workers blew up the Nord Stream pipelines last month, a claim London called false and designed to divert attention from the Russian military’s mistakes in Ukraine. .
Western Ukrainian drones are changing course in Kherson. On the screen of a thermal imaging camera, the Russian armored body of the workers’ transport disappeared in silent smoke.
Chalmers opens the door to imaginable adjustments to the PRRT. Treasurer Jim Chalmers says he will heed any recommendations to replace the “tax point” of oil rent tax, which governs profit-taking from energy projects in Australia.
–“We don’t need to restrict our choices” when setting energy prices: Chalmers. The government is making moves that would have been unlikely last year as it seeks tactics to lower energy prices, Treasurer Jim Chalmers said.
–“The Minister of Strikes”: Cash denounces the adjustments in the labor law. The proposed adjustments to the trade law are among “the damaging maximums the country and employers will never see,” said opposition labor critic Michaela Cash.
“Most of the dead in Seoul are pushed into their teens or twenties. Most of the 150 or so people who died in a twist of fate at Halloween celebrations in Seoul are teenagers or young people in their 20s.
— The U. S. The U. S. and U. K. forecast rate jumps of 75 fundamental emissions this week. Both the Federal Reserve and the Bank of England could cause interest rate hikes on 75 fundamental issues in the coming days in a show of aggressiveness toward inflation, even in the face of developing recession risks.
Dogecoin jumped more than 70% on Saturday, extending the week’s gains after Elon Musk reached a $44 billion ($69 billion) deal to take over Twitter last week.
— Increased imports suggest Russia is cannibalizing dishwashers for war parts. A sudden and unexpected surge in European exports of electric washing devices, dishwashers and even breast pumps to Russia’s neighbors is generating considerations among officials, as the industry’s boom could put Vladimir Putin’s war device in Ukraine.
Bloomberg
Both the Federal Reserve and the Bank of England may simply trigger interest rate hikes on 75 fundamental issues in the coming days in a show of aggressiveness toward inflation, even in the face of developing recession risks.
The transatlantic double act illustrates the trade-off central banks face, as evidence that the global economic contraction is approaching becomes ignored, even if inflation persists.
Reserve Bank Governor Philip Lowe is expected to set interest rates through 25 fundamental issues this week. Alex Ellinghausen
Australia’s central bank leader Philip Lowe is expected to raise rates on Tuesday as inflation continues to warm faster than economists expected. They have an effect on families and businesses of raising rates too quickly.
For the Fed, Wednesday’s fourth oversized move will bring it to a crossroads. The damage to expansion inflicted through tighter policies is no longer masked by the dynamism of the post-pandemic economy, while its good fortune in controlling inflation has yet to materialize.
The BOE scenario on Thursday is even less comfortable, as it offers what would be the biggest rate hike in the UK since 1989. Not only is the country likely already in recession, but officials are also looking to repair the credibility of the British mark after the former prime minister. Minister Liz Truss’s unfunded budget plan has led to a disastrous market crisis.
For the central bank, this week’s action will most likely be just a stepping stone to further raising borrowing costs. Economists surveyed via Bloomberg estimate that Fed rates will be 5% through March, while the BOE could continue to rise above 4%.
Again, recession considerations may simply further dilute politicians’ enthusiasm for a lively surge. This is what happened with the Bank of Canada, which raised rates by 50 basis points less than expected.
In the United States, many economists will look to the hard labor market for evidence of a deepening slowdown. Nonfarm payrolls due Friday may show the economy added 190,000 jobs in October, the smallest addition since President Joe Biden’s administration began in January 2021.
Elsewhere this week, a slowdown in eurozone growth, imaginable rate increases from Norway to Australia and a further rise in Turkish inflation will most likely occupy money markets.
Market watchers will keep a close eye on the release of intervention figures on Monday night to see how much Japan spent against the yen in October, as the currency still soars near a 32-year low.
South Korea’s export figures will give a first sign of how the global industry fared in October and how severe the buildup of craters is widening the country’s industry deficit.
The next day’s inflation figures will show whether the value expansion continues to slow as the Bank of Korea raises rates.
Hong Kong is likely to stick to the Federal Reserve to raise borrowing rates, and advertising banks could stick to the move by raising prime rates for the time being from September, which would hurt customer and business spending.
Malaysia’s central bank is also expected to set its key interest rate for the fourth consecutive meeting.
In the U. K. , the first full week in Prime Minister Rishi Sunak’s office will likely present ongoing hypotheses about spending cuts to be unveiled in mid-November. Meanwhile, just as the BOE raises rates again, evidence of the adverse effect on mortgage loan approvals will come to light on Monday.
Other central bank decisions on Thursday come from Norges Bank, which is expected to raise rates by at least a quarter of a point. -Walking point.
On the contrary, the Czech central bank will most likely leave borrowing costs unchanged, as policymakers are important enough to keep customer costs in check.
The New York TimesBloomberg
Elon Musk plans to start firing Twitter workers immediately, four other people familiar with the matter said, and some officials were asked to draw up lists of workers to be fired.
Musk, who struck a $44 billion ($69 billion) deal Thursday to buy Twitter, ordered company-wide cuts, some more than others, said 3 of the people, who declined to be known for fear of retaliation.
Concerns about mass layoffs swirled in the run-up to Musk’s privatization deal, when prospective investors were told he would keep 75% of the workforce, lately only about 7500. Musk later denied that the cuts would be so deep, though he didn’t. Specify plans to eliminate jobs.
The cuts may be closer to 50% of the workforce, The Washington Post reported Saturday. One of the first to be affected is likely to be Legal, Trust and Safety, the organization that oversees content moderation, the newspaper said.
Reports of layoffs on Twitter have swirled since Musk agreed to buy the company in April. The billionaire, who also runs electric car maker Tesla and rocket company SpaceX, told investors he would privatize Twitter, reduce headcount, reverse its content moderation regulations and new profit streams.
The layoffs at Twitter would take place before Tuesday, when staff would receive inventory awards as part of their compensation. These subsidies make up a significant portion of workers’ compensation. By laying off staff before that date, Musk could simply avoid paying the benefits.
Twitter and a representative for Musk responded to requests for comment.
Musk, 51, has evolved since becoming a Twitter owner. He arrived Wednesday at the company’s headquarters in San Francisco and began meeting with employees. advertisers, who contribute most of Twitter’s revenue, to tell them that the platform will be a respectable advertising destination.
But Musk is taking the time to compare other Twitter spaces, such as deciding which posts to stay and delete on the site. users, adding the U. S. President Molder U. S. Donald Trump, Musk made it clear on Friday that such changes would not be taken into account without delay. forbidden.
On Twitter, some users who have accused the platform of muzzling them have triumphed over the new owner, while others worry that the site could be overrun by hate speech and misinformation. Some users, such as star manufacturer Shonda Rhimes, This Is Us executive manufacturer Ken Olin and Billions executive producer Brian Koppelman, tweeted that they would leave the social media platform now that it works through Musk.
On Saturday, Musk took to Twitter to talk about food. “Freshly baked bread and pastries are among life’s wonderful joys,” he tweeted.
Reuter
Dogecoin jumped more than 70% on Saturday, extending the week’s gains after Elon Musk struck a $44 billion ($69 billion) deal to take over Twitter’s week.
The CEO of Tesla, a supporter of cryptocurrencies, has intentionally influenced the costs of dogecoin and bitcoin.
Elon Musk. fake images
Tesla began accepting dogecoin as payment for its products earlier this year, and the new Musk fragrance logo can also be purchased with dogecoin.
Cryptocurrency exchange Binance, which invested $500 million in Musk’s acquisition of Twitter, said it is considering methods on how blockchain and crypto can be useful to Twitter.
Twitter had begun exploring tactics to integrate the blockchain generation under the leadership of co-fo and former CEO Jack Dorsey, who has been a proponent of bitcoin.
Musk tweeted this month that he would buy Twitter to create a “complete app. “The concept of a complete app was born in Asia with corporations like WeChat, which allows users to not only send messages, but also make online payments and purchases or take a taxi.
Musk’s tweets about Dogecoin, adding one in which he called it the “people’s cryptocurrency,” have turned the once-obscure virtual currency, which began as a social media joke, into a speculator’s dream.
Musk, who promised to repair loose speech on Twitter, is inundated with lawsuits and lawsuits to reinstate the accounts of banned account holders and world leaders.
On Friday he tweeted that Twitter would shape a content moderation board “with very varied views,” and said no decision would be made on the main content or account reset until the board meeting.
The billionaire in a tweet on Saturday said Twitter users could eventually get an edit of the social media platform they like by offering notes on their tweets.
“Being able to do the Twitter editing you need is probably better, just as it would be for a film maturity assessment,” he said.
ap
Residents of a town in northern Victoria were given the green light to return after the risk of flooding subsided, but damage to homes, livestock and crops likely won’t be known until the water recedes.
There is an open road to Kerang near the border between Victoria and New South Wales after the city was cut off for the time being for several weeks due to flooding that hit the eastern states.
Cleaning after flooding in Maribyrnong. justin mc manus
Kerang Mayor Charlie Gillingham said 10 to 15 houses were likely flooded, while crop and livestock losses were unknown in the past and some towns remained stranded.
“If they’re in a pothole somewhere in the water, they’re going to have to feed them somehow,” M. Gillingham at the AAP.
The mayor said the city had to claim its losses to encourage government assistance.
“This will happen in the next few days when we want other people to record their losses,” he said.
“So we can start talking to politicians and others to get investments that will get us back on track. “
West Victoria is expected to be hit by heavy rain on Sunday afternoon while an evacuation order is maintained in Echuca.
The Murray River in Torrumbarry Weir is expected to peak over the weekend and potentially cause primary flooding, with a series of watchdog and action alerts in place for other cities in the north and northeast of the state.
Across the border in New South Wales, more than 1,000 homes and businesses were damaged, and Mel Gore, Ken Harrison and Donna Argus were appointed as recovery and clean-up coordinators.
Flood Recovery Minister Steph Cooke said coordinators would make a quick and effective transition to recovery.
“As the waters slowly recede, our first priority is to adopt an immediate assessment of the damage to flooded homes and businesses so they can begin the mammoth cleanup task,” he said Saturday.
As of October 28, 1008 homes and businesses in NSW were registered as and 163 were considered uninhabitable out of 2389 assessments.
Rain and storms are expected to hit parts of New South Wales Sunday through Monday after a generally sunny Saturday.
There are more than 60 flood warnings in New South Wales, in addition to emergency warnings in Murray Valley Regional Park, East Mathura, Cummeragunja and parts of Moama.
Storms and destructive winds are expected Sunday in southern Australia from the west coast to Mount Gambier, Adelaide.
The New York Times
Kyiv | Hours after accusing Ukraine of attacking its ships with a swarm of underwater drones, Russia on Saturday withdrew from a deal to cut food globally by allowing grain exports from Ukrainian ports.
The Russian decision, which U. N. and Ukrainian officials say could exacerbate hunger, abruptly ended a rare case of wartime coordination that had allowed the movement of more than nine million tons of agricultural products, many of them destined for poor countries. .
Stephane Dujarric, spokesman for U. N. Secretary-General Antonio Guterres, called on the warring parties to continue the grain deal.
“It is important that all parties join any action that could jeopardize the Black Sea Grain Initiative, which is a critical humanitarian effort that obviously has a positive effect on access to food for millions of people around the world,” Dujarric said. Said.
Ukrainian President Volodymyr Zelensky called Russia’s resolution “predictable” in his Saturday night speech that Russia had “deliberately aggravated” the food crisis since September.
“Russia is doing everything possible so that millions of Africans, millions of other people in the Middle East and South Asia, find themselves in situations of synthetic famine or at least a serious crisis of value,” he said, calling for a strong foreign response.
“The global has the strength for other people of this,” he added.
Adrienne Watson, spokeswoman for the U. S. National Security CouncilThe U. S. said that by postponing the grain deal, Russia would “try to reuse war as a pretext to militarize food. “
The scale of Saturday’s attack and the extent of the damage remain unclear.
In a statement, Russia’s Foreign Ministry accused Ukraine of launching “massive drones of air and sea movements” on the ships, infrastructure and naval base of its Black Sea fleet in the port city of Sevastopol.
This meant, the ministry said, that Russia would simply no longer guarantee the protection of cargo ships carrying grain from Ukrainian ports and “suspend their implementation from today for an indefinite period. “
Russian officials said earlier Saturday that 16 drones struck Russia’s Black Sea fleet, damaging at least one ship, a minesweeper, before all the attacking planes were repulsed. Not to mention any civilian ships.
The Black Sea Fleet has introduced devastating bursts of ship-launched missiles into Ukraine, wearing down some of the war’s deadliest movements.
Ukrainian officials have not commented publicly on the attack and have maintained an official policy of ambiguity about movements on the front.
But a senior Ukrainian official said minesweeper Ivan Golubtsov was seriously injured, in all likelihood irreparable. At one point, the ship, the Admiral Makarov, suffered hull damage that could be repaired without problems, the official said.
The attack appears to be the latest example of Ukrainian forces attacking sensitive Russian sites from afar, illustrating how homemade drones and hard weapons provided by Western countries gave Ukrainians functions that Russians had at the start of the war.
Saturday’s drone strike hit Sevastopol, a port on the Crimean peninsula that has been under Kremlin control since Moscow illegally annexed it in 2014.
The domain has immense symbolic importance for Putin. An explosion this month on the bridge connecting the peninsula to Russia prompted Putin to retaliate with large moves in Ukraine that killed dozens of others and targeted critical infrastructure.
Ukrainian officials continued to accuse Russian forces of mistreating local populations in the occupied parts of southern and eastern Ukraine.
Zelenskyy said Russia is turning the once-prosperous port city of Kherson into a desert, accusing Russians of stealing ambulances, final fitness services and threatening doctors.
“Russia is turning the Kherson region into a zone without civilization,” he said in his late-night address to the country on Friday. “They’re dismantling the total fitness formula there. “
This article was originally published in The New York Times.
The New York Times
Kherson region, Ukraine | On the screen of a thermal imaging camera, the Russian armored body of the aircraft carrier disappeared in silent smoke.
“What a beautiful explosion,” the first lieutenant said. Serhiy, a Ukrainian drone pilot who saw his gun buzzing in a Russian-controlled village and hijacked the armored vehicle, an explosion heard seconds later in his position about four miles away.
“We used to clap our hands, we used to shout, ‘Hooray!’ but now we’re used to it,” he said.
The war in Ukraine has been fought primarily by air, with artillery, rockets, missiles and drones. And for months, Russia had the upper hand, able to drop munitions on Ukrainian cities, towns, and army targets from positions far beyond Ukraine’s success. Ukrainian weapons.
But in recent months, the tide has turned along the front lines in southern Ukraine. With heavy Western weapons and lethal homemade drones, Ukraine has artillery superiority in the region, according to army commanders and analysts.
Ukraine now has a merit in diversity and precision-guided rockets and artillery shells, an elegance of weapons largely absent from Russia’s arsenal.
The Russian military remains a formidable force, with cruise missiles, a giant army, and millions of artillery shells, albeit inaccurate. A mobilization effort has just ended that will bring 300,000 troops onto the battlefield, according to Russian commanders, many of them poorly trained and equipped. And President Vladimir Putin has made transparent his determination to win the war at any cost.
However, there is no doubt that fortunes are turning to the southern front.
Ukraine’s growing merit in artillery, a stark contrast to fighting across the country over the summer when Russia pounded Ukrainian positions with mortars and artillery fire, allowed for a slow but costly advance in the south toward the strategic port city of Kherson, the provincial capital that Russia controlled to occupy after the invasion in February.
“We can succeed with them and they succeed with us,” said Maj. Oleksandr, commander of an artillery battery on Kherson’s front, who, like others interviewed for this article, made only his first call for security reasons. “They don’t have those weapons. “
That firepower tipped the scales in the south, hinting that a long-awaited attack on Kherson was coming.
This article was originally published in The New York Times.
Reuter
Former British Prime Minister Liz Truss’s private phone was hacked through alleged agents who ran for Russian President Vladimir Putin when she was foreign minister, the Daily Mail reported Saturday.
Those agents had to “top secret details” of negotiations with foreign allies in addition to personal messages exchanged with Truss’s close friend, Kwasi Kwarteng, who later became finance minister, according to the report.
Former British Prime Minister Liz Truss. Getty
The messages reportedly included discussions with top foreign ministers about the war in Ukraine, and added main points about arms deliveries, he added.
Up to a year of messages have been uploaded, the Mail said, citing anonymous sources.
A British spokesman declined to comment on “security arrangements for individuals. “
“The government has physically powerful systems in a position to oppose cyber threats. This includes normal security briefings for ministers and recommendations on how to know their private knowledge and mitigate cyber threats,” the spokesperson added.
The trick was discovered in the Conservative Party’s leadership crusade that led Truss to become prime minister, the Mail reported.
Truss resigned last week as prime minister and was replaced by Rishi Sunak.
The Mail said the messages that fell into foreign hands included complaints from Johnson made through Truss and Kwarteng, “which led to a threat of blackmail. “
Reuter
London | The Russian Defense Ministry said the British military corps of workers blew up the Nord Stream pipelines last month, a claim London called false and designed to divert attention from the Russian military’s mistakes in Ukraine.
Russia has provided evidence for its claim that a senior NATO member sabotaged critical Russian infrastructure amid the worst crisis in relations between Russia and the West since the depths of the Cold War.
Leaks from Russia’s pipelines under the Baltic Sea to Germany may simply be the result of sabotage. Pa
The Russian ministry said Saturday that “British specialists” from the same unit on Saturday directed Ukrainian drone strikes on ships of Russia’s Black Sea fleet in Crimea that it said had been largely repelled by Russian forces, with minor injuries to a Russian minesweeper.
“According to the information available, representatives of this unit of the British Navy participated in the planning, delivery and implementation of a terrorist attack in the Baltic Sea on September 26 this year: they blew up the Nord Stream 1 and Nord Stream 2 fuel pipelines. ” the ministry said.
Britain denied the request.
“To deviate from its disastrous handling of the illegal invasion of Ukraine, the Russian Ministry of Defense is resorting to false statements on an epic scale,” the UK Ministry of Defense said.
“This fabricated story says more about the arguments going on within the Russian government than it does about the West. “
Maria Zakharova, a spokeswoman for Russia’s Foreign Ministry, said Moscow would ask for a reaction from the U. N. Security Council and said on social media that Moscow was seeking to draw attention to “a series of terrorist attacks committed against the Russian Federation in the Black Sea and Baltic Seas, adding Britain’s participation in them. “
Russia, deeply alienated from Western nations since its invasion of Ukraine on Feb. 24, has in the past blamed the West for explosions that ruptured Nord Stream 1 and Nord Stream 2 pipelines built through Russia on the bed of the Baltic Sea.
But he had not yet given the exact main points about who he believed was to blame for the damage to pipelines, in the past Russia’s largest fuel supply routes to Europe.
On September 26, there was a sharp drop in tension in any of the pipelines and seismologists detected explosions, which caused a wave of hypotheses about the sabotage of one of Russia’s maximum vital energy corridors.
Reuters was unable to promptly determine any of the conflicting claims relating to liability for damages.
Sweden and Denmark concluded that four leaks at Nord Stream 1 and 2 were caused by explosions, but did not specify who was responsible. NATO Secretary General Jens Stoltenberg described the damage as an act of sabotage.
Sweden has ordered additional investigations into pipe damage, the prosecutor in charge of the case said Friday.
The Kremlin has said accusations that Russia must repair the damage are “stupid” and Russian officials have said Washington has a reason why it needs to sell more liquefied herbal fuel (LNG) to Europe.
The United States has denied any involvement.
The Nord Stream 1 and Nord Stream 2 pipelines have a combined annual capacity of 110 billion cubic meters, more than a portion of Russia’s fuel export volumes.
The sections of the 1224 km long pipelines, connecting Russia with Germany, have an intensity of around 110 meters.
Russia said Ukrainian forces attacked Black Sea Fleet ships in Sevastopol, Crimea’s largest city annexed to Russia, in the early hours of Saturday.
“Nine unmanned aerial vehicles and seven autonomous marine drones were involved in the attack,” the Defense Ministry said. The attacks prompted Russia to pull out of a major grain deal that allowed some of Ukraine’s grains to succeed in global markets.
Andres Hobbs
Treasurer Jim Chalmers says he will heed any recommendations to replace the “tax point” of oil rent tax, which governs profit-taking from energy projects in Australia.
“Treasury commissioned through my predecessor and his predecessor to do some of these paintings around the tax point in the PRRT,” Chalmers told ABC’s Insiders.
Treasurer Jim Chalmers. Alex Ellinghausen
“There has been some criticism. The moment is still over. Hacienda has revived this work.
“Obviously I will take your recommendations very seriously. We want to make sure Australians get their resources back smart. We want to balance that with the investment that has been made in the sector. When I receive that advice, I will make you interact in a meaningful way and pay attention to it.
He says the budget shows that tax revenues will accumulate before they fall.
“PRRT intake increased a little bit this year and a little bit next year. Then, the trails move away. . . I think there is a significant part of the network that would prefer the PRRT to be higher.
Retrieving the items
The habit of a successful people.