Indian Foreign Minister Subrahmanyam Jaishankar visited Moscow yesterday and met with Russian FM Sergey Lavrov.
Highlights from yesterday meetings:
📍 India, Russia aim to push bilateral trade to $30 billion by 2025. Average trade between 2 countries has been $8 bln p.y. However between April and August 2022 the bilateral trade sky-rocketed to $18.2bln.
RF has now become India's 7th largest trading partner. 1st is China!
📍India has become Russia's largest oil customer after China. Russian oil imports surged from 2% before Feb22 to an all-time high of 23% in Sep22. “It is our obligation to ensure that the Indian consumer has the most advantageous terms to international markets,” Jaishankar said.
📍"We discussed the prospects of military-technical cooperation, including joint production of arms, nuclear energy" Lavrov said.
📍 12 countries are interested in joining the BRICS. Determining the criteria for admitting new members should happen fast.
📍 India is now bying coal from RF with significant discounts.
Highlights from yesterday meetings:
📍 India, Russia aim to push bilateral trade to $30 billion by 2025. Average trade between 2 countries has been $8 bln p.y. However between April and August 2022 the bilateral trade sky-rocketed to $18.2bln.
RF has now become India's 7th largest trading partner. 1st is China!
📍India has become Russia's largest oil customer after China. Russian oil imports surged from 2% before Feb22 to an all-time high of 23% in Sep22. “It is our obligation to ensure that the Indian consumer has the most advantageous terms to international markets,” Jaishankar said.
📍"We discussed the prospects of military-technical cooperation, including joint production of arms, nuclear energy" Lavrov said.
📍 12 countries are interested in joining the BRICS. Determining the criteria for admitting new members should happen fast.
📍 India is now bying coal from RF with significant discounts.
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Barbados’ Prime Minister, Mia Mottley, delivered her speech yesterday at COP27 conference.
She attacked the Global North for failing to live up to its responsibility to compensate the Global South for the effects of the climate crisis which it did not cause. She also blaimed the big multinational private companies for NOT contributing to the global effort.
Our comment. There are 3 main reasons all the efforts to protect the planet fail:
1. Not all countries pollute equally. And not all of them are interested to reduce their pace of progress to protect the environment.
2. There is no clear mechanism to take into account the fact that some countries already polluted for decades and progressed. So some of these developed countries are now able to reduce their carbon footprint. But the developing countries are basically asked not to progress as much as the already developed countries did in the past.
3. Even when countries agree noone really imposes tough measures to private multinational giant companies.
She attacked the Global North for failing to live up to its responsibility to compensate the Global South for the effects of the climate crisis which it did not cause. She also blaimed the big multinational private companies for NOT contributing to the global effort.
Our comment. There are 3 main reasons all the efforts to protect the planet fail:
1. Not all countries pollute equally. And not all of them are interested to reduce their pace of progress to protect the environment.
2. There is no clear mechanism to take into account the fact that some countries already polluted for decades and progressed. So some of these developed countries are now able to reduce their carbon footprint. But the developing countries are basically asked not to progress as much as the already developed countries did in the past.
3. Even when countries agree noone really imposes tough measures to private multinational giant companies.
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🇫🇷 Bruno Le Maire has been Minister of Economics and Finance since 2017.
"I think it's time for us Europeans to tell our American friends that we are very concerned about the Inflation Reduction Act and that it could cause the deindustrialization of Europe"
He has called for a "coordinated, strong and united" European response to the United States. Washington's policy is contrary to international trade & damages European industry.
France calls for lowering the price of US energy (mainly LNG) since it has doubled in France, while energy prices have remained stable in the United States and Asia.
The Minister assures that 10 billion euros in investments and thousands of jobs in the industry are at stake in France.
Finally a European politician who dares to speak the truth.
What will he do though?
https://english.alarabiya.net/business/economy/2022/11/07/France-s-Le-Maire-US-Inflation-Reduction-Act-law-is-major-threat-to-EU-companies
"I think it's time for us Europeans to tell our American friends that we are very concerned about the Inflation Reduction Act and that it could cause the deindustrialization of Europe"
He has called for a "coordinated, strong and united" European response to the United States. Washington's policy is contrary to international trade & damages European industry.
France calls for lowering the price of US energy (mainly LNG) since it has doubled in France, while energy prices have remained stable in the United States and Asia.
The Minister assures that 10 billion euros in investments and thousands of jobs in the industry are at stake in France.
Finally a European politician who dares to speak the truth.
What will he do though?
https://english.alarabiya.net/business/economy/2022/11/07/France-s-Le-Maire-US-Inflation-Reduction-Act-law-is-major-threat-to-EU-companies
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John Robert Bolton (born November 20, 1948) is an American attorney, diplomat, Republican consultant, and political commentator.
He also served as former White House national security adviser.
In this video John Bolton says "the Iranian opposition" is now being armed with weapons smuggled into the country from the Iraqi Kurdistan region, praising the use of force against Iran's security forces.
In Iran people are protesting several weeks now. Iranian Government from their side accuses foreign powers of fueling protests.
He also served as former White House national security adviser.
In this video John Bolton says "the Iranian opposition" is now being armed with weapons smuggled into the country from the Iraqi Kurdistan region, praising the use of force against Iran's security forces.
In Iran people are protesting several weeks now. Iranian Government from their side accuses foreign powers of fueling protests.
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⚡️ Deputy Head of RF in Kherson Kirill Stremousov died today in a car accident. Exact details to be revealed.
King Charles III and Queen Camilla were thrown eggs during their visit to York, England today.
The person who threw the eggs Patrick Thelwell shouted "Empire was built on blood of slaves". He was arrested by UK police.
The person who threw the eggs Patrick Thelwell shouted "Empire was built on blood of slaves". He was arrested by UK police.
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Collective East News
⚡️ Russian troops ordered to leave Kherson! ! !
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🔥 Update
The video with Minister of Defence giving the order.
The video with Minister of Defence giving the order.
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In Greece big protests took place yesterday in Athens and in Thessaloniki.
The people mainly protested against high prices of energy & commodities and high cost of living.
Some of the people rallied against current government. The reason is a serious scandal is revealed lately in Greece related with wiretapping.
It is proven hundreds of politicians and businessmen were surveilled with a spyware called Predator.
Also preliminary it is claimed that current greek government actually had knowledge of this wiretapping!
This scandal seems be taking wider dimensions. More EU countries seem to be engaged in illegal monitoring of their citizens and opposition politicians and more details will be revealed soon.
https://www.euronews.com/my-europe/2022/11/04/greece-urged-to-dig-harder-on-phone-surveillance-scandal
https://www.politico.eu/article/greece-spyware-scandal-cybersecurity/
https://www.reuters.com/world/europe/greece-ban-sale-spyware-amid-wiretapping-scandal-2022-11-07/
The people mainly protested against high prices of energy & commodities and high cost of living.
Some of the people rallied against current government. The reason is a serious scandal is revealed lately in Greece related with wiretapping.
It is proven hundreds of politicians and businessmen were surveilled with a spyware called Predator.
Also preliminary it is claimed that current greek government actually had knowledge of this wiretapping!
This scandal seems be taking wider dimensions. More EU countries seem to be engaged in illegal monitoring of their citizens and opposition politicians and more details will be revealed soon.
https://www.euronews.com/my-europe/2022/11/04/greece-urged-to-dig-harder-on-phone-surveillance-scandal
https://www.politico.eu/article/greece-spyware-scandal-cybersecurity/
https://www.reuters.com/world/europe/greece-ban-sale-spyware-amid-wiretapping-scandal-2022-11-07/
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🔥 Update
USA midterm elections.
Regarding the House things are now clear.
It will be taken by the Republicans.
Here is the latest estimate from NBC. 222 seats for GOP vs. 213 for Democrats.
House Minority Leader Republican KevinMcCarthy already predicted Republicans will take the house back.
Regarding the Senate however the situation is more ambiguous. A possible outcome will be projected later on.
USA midterm elections.
Regarding the House things are now clear.
It will be taken by the Republicans.
Here is the latest estimate from NBC. 222 seats for GOP vs. 213 for Democrats.
House Minority Leader Republican KevinMcCarthy already predicted Republicans will take the house back.
Regarding the Senate however the situation is more ambiguous. A possible outcome will be projected later on.
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Ursula Von der Leyen announced 250 mln $ aid to Moldova.
200mln to diversify from russian gas
50mln to support "vulnerable" household & businesses
Moldova has witnessed unprecedented proRussian protests last 4 weeks.
Maybe if aggressive protests are organised in other countries then EU will provide them similar aid-"bribes" also ???
200mln to diversify from russian gas
50mln to support "vulnerable" household & businesses
Moldova has witnessed unprecedented proRussian protests last 4 weeks.
Maybe if aggressive protests are organised in other countries then EU will provide them similar aid-"bribes" also ???
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Last week we published in the finance session the article for the extremely negative q3 results of IT giants. One of them was META (facebook).
Yesterday Facebook’s CEO Mark Zuckerberg announced he is laying off 13% of its workforce, around 11,000 employees.
This is the 3rd big tech giant to reduce workforce this week. Earlier Elon Musk fired people in Twitter while Microsoft Corp. also laid off employees.
In the specific case of Facebook 2 are the main reasons:
📍 falling revenue &
📍 pouring money into the Metaverse project
https://metro.co.uk/2022/11/09/zuckerberg-fires-11000-employees-across-facebook-and-instagram-17727131/
Yesterday Facebook’s CEO Mark Zuckerberg announced he is laying off 13% of its workforce, around 11,000 employees.
This is the 3rd big tech giant to reduce workforce this week. Earlier Elon Musk fired people in Twitter while Microsoft Corp. also laid off employees.
In the specific case of Facebook 2 are the main reasons:
📍 falling revenue &
📍 pouring money into the Metaverse project
https://metro.co.uk/2022/11/09/zuckerberg-fires-11000-employees-across-facebook-and-instagram-17727131/
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The Wynn Marjan in Ras Al Khaimah will be home to the UAE’s first casino!
It will open in 2026 and will be double the size of the equivalent Wynn in Las Vegas.
Why the first?
The UAE's official religion is Islam, which forbids gambling. This casino on the resort island would be the first legal gaming venue in the Arabian Gulf as too many legal concerns had to be settled to receive all licenses.
https://www.arabianbusiness.com/industries/travel-hospitality/uae-first-casino-confirmed-in-ras-al-khaimah-to-be-bigger-than-las-vegas-report#:~:text=Wynn%20Marjan%2C%20which%20is%20set,size%20of%20Wynn's%20Vegas%20property.
It will open in 2026 and will be double the size of the equivalent Wynn in Las Vegas.
Why the first?
The UAE's official religion is Islam, which forbids gambling. This casino on the resort island would be the first legal gaming venue in the Arabian Gulf as too many legal concerns had to be settled to receive all licenses.
https://www.arabianbusiness.com/industries/travel-hospitality/uae-first-casino-confirmed-in-ras-al-khaimah-to-be-bigger-than-las-vegas-report#:~:text=Wynn%20Marjan%2C%20which%20is%20set,size%20of%20Wynn's%20Vegas%20property.
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