Russian President Vladimir Putin said Friday that Moscow continues to seek peace negotiations, does not want to destroy Ukraine, and believes that Germany is making a strategic mistake in trying to appease NATO instead of its own domestic interests.
Author: admin (Kendrick Williams)
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NOT A “PROXY WAR”: WEST IN FULL-OUT WAR WITH RUSSIA
One of NATO’s top priorities is to supply Ukraine with anti-missile systems after Russia’s attacks last week showed a willingness by the Kremlin to target civilian targets deep in major cities.
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YEN SINKS TO LOWEST VALUE IN 32 YEARS
The Bank of Japan’s insistence on holding its key interest rate at -0.25 percent has driven the yen down still further, sinking it to ¥146.95 to the dollar on 12 October, the lowest since 1998, and driving it down to ¥148.90 on 17 October, its weakest since 1990.
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“BREATHTAKING” DROP IN DEMAND SHOCKS CHIP COMPANIES
Earlier this month, leading computer chip makers Samsung Electronics and Advanced Micro Devices (AMD) reported earnings that fell far short of expectations, which many analysts interpreted as a sign that a lasting economic rebound is further away than previously thought, Bloomberg reported.
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TRUSS SACKS FINANCE CHIEF, BACKTRACKS ON MASSIVE TAX CUTS
After barely five weeks on the job, U.K. finance minister Kwasi Kwarteng got the boot from prime minister Liz Truss last Friday and was replaced by Jeremy Hunt, a veteran Conservative party politician and former foreign minister who immediately set about righting his predecessor’s wrongs.
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U.S., GERMANY CALL FOR “FUNDAMENTAL REFORM” OF WORLD BANK
At the World Bank’s annual meeting last week, Germany and the U.S. presented a proposal calling for “a fundamental reform” of the institution.
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ALMOST HALF OF CANADIAN HOUSEHOLDS NEARING INSOLVENCY
Forty-six percent of Canadian households report approaching “insolvency,” defined as no more than $200 away from being unable to meet their routine basic financial obligations, according to the quarterly Consumer Debt Index compiled by MNP, a Canadian bankruptcy and insolvency counseling firm.
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AIRLINE TRAVELERS IGNORE INFLATION, HIGHER TICKET PRICES
The average price of an airline ticket is 43 percent higher than a year ago and 0.8 percent more expensive than in August, but travelers are still taking to the skies in an ongoing post-COVID travel boom.
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TOP TREND DRAGFLATION: PRODUCER PRICE INDEX EDGED UP IN SEPTEMBER
The prices suppliers charge factories for raw materials added 0.4 percent last month after falling in July and August, the U.S. labor department reported, a sign that inflation may still have more room to rise.
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SIMPLE NASAL WASH REDUCES RISK OF COVID HOSPITALIZATION
Rinsing your nasal passages with a saline solution within 24 hours of a COVID-19 diagnosis could reduce your chances of being hospitalized by 8.5-fold.
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