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Forwarded from The General
NEW: Paris will start switching off the ornamental lights that grace city monuments hours earlier than usual, plunging the Eiffel Tower and other landmarks in the dark to cope with surging electricity costs.

Blackouts soon.

@GeneralMCNews
Forwarded from Multipolar Market
US inflation at 8.3% YoY vs. 8.1% expected

US inflation came in above expectations, indicating the Fed is a long way from being done. It is almost guaranteed that the central bank will raise interest rates by three-quarters of a point when officials meet next week. The S&P500 lost 2% following the release.

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Forwarded from Multipolar Market
EU may limit Russian gas supplies imports in late autumn

A RIA Novosti source said that the EU countries seek to limit the volume of gas imports from Russia at the end of autumn.

"The European Commission is working and exploring various tools to understand how the EU can limit the volume of Russian gas deliveries as soon as possible, while not forcing countries that are still heavily dependent on Russian gas imports," the source said.

The source did not rule out that the EU restriction on gas imports from Russia could be similar to a ban on Russian oil supplies.

They noted that the restriction "may become part of a future package of sanctions against Russia, especially by the end of autumn, when gas storage capacity reaches its maximum."

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Forwarded from Multipolar Market
EU to propose mandatory cuts in electricity consumption

The European Commission will propose to the 27 EU members two targets to reduce electricity demand: an objective regarding the reduction of general consumption and a mandatory objective regarding the reduction of demand during certain hours when a consumption peak is recorded.

These measures are aimed at providing Europe with enough fuel during the cold months.

EU gas storage facilities are currently 84% full, exceeding the EU’s pre-winter filling target. However, analysts say Europe will still need to cut gas use over winter to avoid storage facilities running dry.

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Forwarded from Multipolar Market
Twitter shareholders approve Elon Musk's buyout

Twitter shareholders on Tuesday voted to approve Elon Musk's $44 billion bid to buy the company and take it private.

Twitter representatives also confirmed the preliminary count shows that the required majority was reached in the vote.

The vote came as Musk is seeking to back out of the deal, leading to Twitter suing him for allegedly breaking the agreement.

Today's vote allows Twitter to continue with a lawsuit to force Musk to close the deal.

Musk claims Twitter concealed important facts about its internal operations, including alleged undercounting of spam and bot accounts on the platform, as well as details revealed by Twitter's former security head. However, Twitter will still push to close the deal, arguing that Musk's complaints are merely a pretext for backing out.

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Forwarded from PippoCamminaDritto
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...in questo momento mercato prezza il 38% di probabilità che la FED la prossima settimana alzi 100bps‼️‼️
...forse non vi è chiaro...
LA FED DEVE ALZARE ALMENO 100BPS 👻...e lo stesso dovrebbe fare ECB se non fosse un banca centrale di 🤡