Credit Suisse plans to restructure its business & attempt to raise capital in order to withstand heavy losses as well as increasing concerns & speculations on its financial stability.
Of course as part of the cost saving plan they also plan to cut off 9000 workplaces reducing the workforce from 52ooo to 43ooo. In addition they will spin off some of its higher risk businesses.
But in the end of the day all these measures will only succeed if they simultaneously manage to raise $4bn in new capital, $1.5bn of which will come from Saudi National Bank.
Needs to be stated that already the Spreads on the bank’s credit default swaps (CDS), which insure investors in the event of a debt default, surged in recent weeks to their highest levels ! !
Read more about what led here in the articles below:
https://www.ft.com/content/e2ba41c5-586c-44ec-a01f-73f522a5850f
https://www.aljazeera.com/economy/2022/10/27/credit-suisse-outlines-saudi-backed-plan-to-raise-4bn
Of course as part of the cost saving plan they also plan to cut off 9000 workplaces reducing the workforce from 52ooo to 43ooo. In addition they will spin off some of its higher risk businesses.
But in the end of the day all these measures will only succeed if they simultaneously manage to raise $4bn in new capital, $1.5bn of which will come from Saudi National Bank.
Needs to be stated that already the Spreads on the bank’s credit default swaps (CDS), which insure investors in the event of a debt default, surged in recent weeks to their highest levels ! !
Read more about what led here in the articles below:
https://www.ft.com/content/e2ba41c5-586c-44ec-a01f-73f522a5850f
https://www.aljazeera.com/economy/2022/10/27/credit-suisse-outlines-saudi-backed-plan-to-raise-4bn
It is official: Elon Musk acquires Twitter for 44bln $
At first glance seems like a nightmare. A super wealthy businessman possessing a powerful media to manipulate opinion. !
And his first actions since last night as new owner to announce extensive reduction of workforce and to fire CEO, CFO and other top execs.
But wait a minute could it be the opposite actually?
Twitter last years has been a synonym of fake news, bot accounts, massive misinformation and the worst of all it Blocked all Alternative Narrative.
Journalists, media channels, people who just expressed opinion deviating from Mainstream Mass Media were blocked or suspended.
USA & Biden went so far as to create the first Ministry of Truth in April as part of Homeland Security to completely control which news reach us.
So maybe just maybe if Musk 'sets the bird free' as he declares this is a positive turn??
https://www.reuters.com/markets/deals/elon-musk-completes-44-bln-acquisition-twitter-2022-10-28/
https://www.bbc.com/news/technology-63402338
At first glance seems like a nightmare. A super wealthy businessman possessing a powerful media to manipulate opinion. !
And his first actions since last night as new owner to announce extensive reduction of workforce and to fire CEO, CFO and other top execs.
But wait a minute could it be the opposite actually?
Twitter last years has been a synonym of fake news, bot accounts, massive misinformation and the worst of all it Blocked all Alternative Narrative.
Journalists, media channels, people who just expressed opinion deviating from Mainstream Mass Media were blocked or suspended.
USA & Biden went so far as to create the first Ministry of Truth in April as part of Homeland Security to completely control which news reach us.
So maybe just maybe if Musk 'sets the bird free' as he declares this is a positive turn??
https://www.reuters.com/markets/deals/elon-musk-completes-44-bln-acquisition-twitter-2022-10-28/
https://www.bbc.com/news/technology-63402338
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Collective East News
On Sunday 30th October in Brazil will take place the 2nd round of the presidential elections. Brazil a country of 216mln people will take a critical decision for its future in times of worldwide uncertainty. Luiz Inacio Lula da Silva currently appears to…
🔥 Update
As per new gallop research performed by Datafohlia seems 2 days before the elections Lula opens his lead versus Bolsonero to 53 - 47% from 52-48 % a week earlier. Our team will keep you informed for this significant election battle on 30th October that will define future of Brazil (Member of BRICS & land of Samba🇧🇷)
https://g1.globo.com/politica/eleicoes/2022/pesquisa-eleitoral/noticia/2022/10/27/datafolha-lula-tem-49percent-no-2o-turno-e-bolsonaro-44percent.ghtml
As per new gallop research performed by Datafohlia seems 2 days before the elections Lula opens his lead versus Bolsonero to 53 - 47% from 52-48 % a week earlier. Our team will keep you informed for this significant election battle on 30th October that will define future of Brazil (Member of BRICS & land of Samba🇧🇷)
https://g1.globo.com/politica/eleicoes/2022/pesquisa-eleitoral/noticia/2022/10/27/datafolha-lula-tem-49percent-no-2o-turno-e-bolsonaro-44percent.ghtml
G1
Datafolha: Lula tem 49% no 2º turno, e Bolsonaro, 44%
Pesquisa foi feita entre terça (25) e esta quinta-feira (27); margem de erro é de 2 pontos, para mais ou para menos. Se a eleição fosse hoje, Lula teria 53% dos votos válidos, e Bolsonaro, 47%. Resultados se referem à intenção de voto no momento das entrevistas.
During the Valdai international discussion forum President of Russian Federation V. Putin gave an extended speech and answered for hours to international reporters questions.
We gathered some of the main points here:
🇷🇺⚡Putin:
1. Ukraine has in principle lost its sovereignty. It cannot decide on its own, it follows the orders of USA. The game of the West is bloody, dangerous and dirty.
2. Events are still developing according to a negative scenario - they have grown into a large-scale crisis. We will not use nuclear weapon. We do not need them not politically nor for military purposes.
3. The West always plays for escalation: incitement of war in Ukraine, of the situation around Taiwan, intensification of the energy crisis and destruction of gas pipelines. "He who sows the wind will reap the whirlwind"
4. The US has nothing to offer the world but its dominance. And claims all the world resources everywhere.
5. The centers of New world order & the West will have to start a dialogue, better sooner than later.
We gathered some of the main points here:
🇷🇺⚡Putin:
1. Ukraine has in principle lost its sovereignty. It cannot decide on its own, it follows the orders of USA. The game of the West is bloody, dangerous and dirty.
2. Events are still developing according to a negative scenario - they have grown into a large-scale crisis. We will not use nuclear weapon. We do not need them not politically nor for military purposes.
3. The West always plays for escalation: incitement of war in Ukraine, of the situation around Taiwan, intensification of the energy crisis and destruction of gas pipelines. "He who sows the wind will reap the whirlwind"
4. The US has nothing to offer the world but its dominance. And claims all the world resources everywhere.
5. The centers of New world order & the West will have to start a dialogue, better sooner than later.
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🇷🇺⚡Putin:
6. The world is witnessing the degradation of world institutions, the erosion of the principle of collective security, the substitution of international law for "rules based order that change as the west sees fit per occasion"
7. The West is characterized by "a continuing blindness of superiority". Their only desire is global hegemony.
8. The culture of cancellation is the cancellation of culture. Let's think about the meaning of the word "cancel", even during Cold War, it never occurred to anyone to cancel culture. Now they even cancelled Dostoyevsky.
9. I have always believed and still believe in the power of common sense.
10. In Iran USA killed Soleimani - an Iranian general. They killed and said yes, we killed him in his own country. What is this? Where do we live?
11. It is worth thinking about changing the structure of the UN Security Council so that it reflects the world's diversity
12. The world economy and trade must become more free. The world needs to become multipolar with no single one hegemony and respect for all international players.
6. The world is witnessing the degradation of world institutions, the erosion of the principle of collective security, the substitution of international law for "rules based order that change as the west sees fit per occasion"
7. The West is characterized by "a continuing blindness of superiority". Their only desire is global hegemony.
8. The culture of cancellation is the cancellation of culture. Let's think about the meaning of the word "cancel", even during Cold War, it never occurred to anyone to cancel culture. Now they even cancelled Dostoyevsky.
9. I have always believed and still believe in the power of common sense.
10. In Iran USA killed Soleimani - an Iranian general. They killed and said yes, we killed him in his own country. What is this? Where do we live?
11. It is worth thinking about changing the structure of the UN Security Council so that it reflects the world's diversity
12. The world economy and trade must become more free. The world needs to become multipolar with no single one hegemony and respect for all international players.
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Collective East News
As per Bloomberg reports the fancy idea to put a price cap in oil is not working out so good currently. Result expected from the beginning since the producer, the other producers countries, the main buyers and the main stakeholders ( Russia, China, India…
🔥 Update
One of the main reasons it is not working to put an oil cap as USA and EU is trying is the fact that OPEC has announced production cuts in the oil production (barrel/day). When demand is not fullfilled and supply is cut it is obvious you can hardly dream of regulating the price in a commodity that has been difficult to regulate in any case for decades.
This OPEC decision has been a conflicting point in the relationships between Saudi Arabia and the USA. The reports and the articles last days suggest that not only US did not expect this but on the contrary they thought they had achieved a secret deal with Saudi Arabia earlier for increase of oil production.
Seems the Crown Prince really has low respect for Joe 😁
More seriously now it is surprising how USA was so wrong on this. The relationships now between the 2 countries seem worse than ever and recently Saudis expressed interest to join the BRICS alliance!
https://www.google.com/amp/s/m.economictimes.com/news/international/world-news/us-officials-had-a-secret-oil-deal-with-the-saudis/amp_articleshow/95105454.cms
https://www.nytimes.com/2022/10/25/us/politics/us-saudi-oil-deal.html
One of the main reasons it is not working to put an oil cap as USA and EU is trying is the fact that OPEC has announced production cuts in the oil production (barrel/day). When demand is not fullfilled and supply is cut it is obvious you can hardly dream of regulating the price in a commodity that has been difficult to regulate in any case for decades.
This OPEC decision has been a conflicting point in the relationships between Saudi Arabia and the USA. The reports and the articles last days suggest that not only US did not expect this but on the contrary they thought they had achieved a secret deal with Saudi Arabia earlier for increase of oil production.
Seems the Crown Prince really has low respect for Joe 😁
More seriously now it is surprising how USA was so wrong on this. The relationships now between the 2 countries seem worse than ever and recently Saudis expressed interest to join the BRICS alliance!
https://www.google.com/amp/s/m.economictimes.com/news/international/world-news/us-officials-had-a-secret-oil-deal-with-the-saudis/amp_articleshow/95105454.cms
https://www.nytimes.com/2022/10/25/us/politics/us-saudi-oil-deal.html
The Economic Times
US officials sign secret oil deal with the Saudis
Biden went through with the trip. But earlier this month, Saudi Arabia and Russia steered a group of oil-producing countries in voting to slash oil production by 2 million barrels per day, the opposite of the outcome the administration thought it had secured…
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💩 Bloopers session
Karine Jean-Pierre White house press secretary 😂
Karine Jean-Pierre White house press secretary 😂
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Collective East News
It is official: Elon Musk acquires Twitter for 44bln $ At first glance seems like a nightmare. A super wealthy businessman possessing a powerful media to manipulate opinion. ! And his first actions since last night as new owner to announce extensive reduction…
🔥 Update
Elon Musk is taking over as "acting" CEO of Twitter.
He already fired Parag Agrawal CEO , Vijaya Gadde, head of legal, policy & trust; Ned Segal CFO & Sean Edgett, general counsel.
But the most important action is that preliminary he seems to be serious about freedom of speech. His first tweet was "the bird is free"...
Already today morning we received reports from several journalists, war correspondents & politicians that the ban on their account is lifted!
He is going to examine previously banned accounts to check for which "crime" they have been "silenced".
No matter if you like Musk in control of media the chance that he will undo part of the harm done last years by the Main West Mass Media & Platforms by silencing and banning any alternative opinion or narrative gives optimism.
Already EU Commissioner Thierry Bretton warned Musk: "in EU Twitter will play by our rules".
Oh boy are they scared!!!
https://www.politico.eu/article/eu-commissioner-to-musk-twitter-will-play-by-our-rules/
Elon Musk is taking over as "acting" CEO of Twitter.
He already fired Parag Agrawal CEO , Vijaya Gadde, head of legal, policy & trust; Ned Segal CFO & Sean Edgett, general counsel.
But the most important action is that preliminary he seems to be serious about freedom of speech. His first tweet was "the bird is free"...
Already today morning we received reports from several journalists, war correspondents & politicians that the ban on their account is lifted!
He is going to examine previously banned accounts to check for which "crime" they have been "silenced".
No matter if you like Musk in control of media the chance that he will undo part of the harm done last years by the Main West Mass Media & Platforms by silencing and banning any alternative opinion or narrative gives optimism.
Oh boy are they scared!!!
https://www.politico.eu/article/eu-commissioner-to-musk-twitter-will-play-by-our-rules/
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⚡️ Breaking news
At 04.30am today morning air-drones and sea drones attacked the Russian fleet in Sevastopol. The exact damages are not confirmed yet but Ukrainians are celebrating that even flagships were hit.
While story is developing very concerning and serious statement officially issued by Ministry of Defence of Russia:
9 air - drones and 4 sea - drones were used. Some were hit by Russia but not all.
In the attack apart from Ukraine helped UK advisors.
Also UK participated in the planning and execution of the explosion of pipelines Nordstream 1,2.
This is Huge Escalation of War and if Ukrainian social media information is confirmed that even the Russian flagship Makarov is hit we do not dare to think what could be the response of Russian Federation.
We remind that after Ukraine hit the Bridge in Krimaia all Ukrainian energy infrastructure was bombed for 2 weeks causing Ukraine to lose 45-50% of their energy infrastructure. Cities in Ukraine are currently in the dark several hrs per day.
At 04.30am today morning air-drones and sea drones attacked the Russian fleet in Sevastopol. The exact damages are not confirmed yet but Ukrainians are celebrating that even flagships were hit.
While story is developing very concerning and serious statement officially issued by Ministry of Defence of Russia:
9 air - drones and 4 sea - drones were used. Some were hit by Russia but not all.
In the attack apart from Ukraine helped UK advisors.
Also UK participated in the planning and execution of the explosion of pipelines Nordstream 1,2.
This is Huge Escalation of War and if Ukrainian social media information is confirmed that even the Russian flagship Makarov is hit we do not dare to think what could be the response of Russian Federation.
We remind that after Ukraine hit the Bridge in Krimaia all Ukrainian energy infrastructure was bombed for 2 weeks causing Ukraine to lose 45-50% of their energy infrastructure. Cities in Ukraine are currently in the dark several hrs per day.
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Mayor of Kiev is requesting blankets and generators.
After 2 weeks of continuous bombing Ukraine has lost 45-50% of its energy infrastructure. Black-outs and electricity cuts are constant every day in all Ukrainian cities. That means heating is also unavailable and winter is coming.
If Ukraine does not sit in the table soon to negotiate peace there will be an unprecedented humanitarian catastrophy in Ukrainian cities as million of people face the danger of freezing.
https://www.telegraph.co.uk/world-news/2022/10/28/vitali-klitschkos-plea-west-send-blankets-generators-freeze/
After 2 weeks of continuous bombing Ukraine has lost 45-50% of its energy infrastructure. Black-outs and electricity cuts are constant every day in all Ukrainian cities. That means heating is also unavailable and winter is coming.
If Ukraine does not sit in the table soon to negotiate peace there will be an unprecedented humanitarian catastrophy in Ukrainian cities as million of people face the danger of freezing.
https://www.telegraph.co.uk/world-news/2022/10/28/vitali-klitschkos-plea-west-send-blankets-generators-freeze/
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Collective East News
Photo
🔥 Update
We will be providing continuous updates as this attack to Sevastopol terminal and Russian fleet could develop to awful results for humanity.
The number of sea drones utilized by Ukraine is 7 and not 4 that we reported earlier. Air drones was correctly reported from the beginning as 9.
The claims of the Ukrainian media that 4 ships are sunk including the Russian Flafship "Admiral Makarov" are not confirmed.
Instead Russians sources indicate that the impact of the hit is much smaller than Ukrainians [including Geraschchenko] claim:
Minesweeper Ivan Golubets was hit but it is afloat. The local sources in Sevastopol also clarified that the Admiral Makarov frigate also received minimal surface damage from shrapnel as a result of the detonation of the naval drone ammunition.
“The preparation of the terrorist act in Sevastopol and the training of servicemen of the Ukrainian 73rd special Center for naval operations were carried out under the guidance of British specialists.”
“The specialists of the British Navy who were preparing the Armed Forces of Ukraine for the terrorist attack in Sevastopol are involved in the undermining of the Nord Stream gas pipelines.” the Russian Defence Ministry claimed.
We will keep you updated.
We will be providing continuous updates as this attack to Sevastopol terminal and Russian fleet could develop to awful results for humanity.
The number of sea drones utilized by Ukraine is 7 and not 4 that we reported earlier. Air drones was correctly reported from the beginning as 9.
The claims of the Ukrainian media that 4 ships are sunk including the Russian Flafship "Admiral Makarov" are not confirmed.
Instead Russians sources indicate that the impact of the hit is much smaller than Ukrainians [including Geraschchenko] claim:
Minesweeper Ivan Golubets was hit but it is afloat. The local sources in Sevastopol also clarified that the Admiral Makarov frigate also received minimal surface damage from shrapnel as a result of the detonation of the naval drone ammunition.
“The preparation of the terrorist act in Sevastopol and the training of servicemen of the Ukrainian 73rd special Center for naval operations were carried out under the guidance of British specialists.”
“The specialists of the British Navy who were preparing the Armed Forces of Ukraine for the terrorist attack in Sevastopol are involved in the undermining of the Nord Stream gas pipelines.” the Russian Defence Ministry claimed.
We will keep you updated.
👎1
⚡️ Breaking news
After the attack to the fleet of Russia in Sevastopol today Russian Federation is withdrawing from the worldwide achieved "grain agreement".
We remind the agreement achieved between Ukraine and Russia in summer was of tremendous importance.
US, UN, Ukraine and EU desperately needed to avoid worldwide food crisis.
As we wrote from the morning although unpleasant news for a Saturday evening we are on the verge of huge negative developments and some politician need to urgently find a solution before we witness unprecedented events next few months.
After the attack to the fleet of Russia in Sevastopol today Russian Federation is withdrawing from the worldwide achieved "grain agreement".
We remind the agreement achieved between Ukraine and Russia in summer was of tremendous importance.
US, UN, Ukraine and EU desperately needed to avoid worldwide food crisis.
As we wrote from the morning although unpleasant news for a Saturday evening we are on the verge of huge negative developments and some politician need to urgently find a solution before we witness unprecedented events next few months.
👍3
During Halloween celebrations many people were injured tonight in South Korea.
Unknown number of dead and injured. People who were gathering suffocated and suffered cardiac and breathing problems due to overcrowding.
Please see more details here:
https://m.koreatimes.co.kr/pages/article.asp?newsIdx=338819
Unknown number of dead and injured. People who were gathering suffocated and suffered cardiac and breathing problems due to overcrowding.
Please see more details here:
https://m.koreatimes.co.kr/pages/article.asp?newsIdx=338819
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🌏 Earth session
Lets make a break from today s concerning news.
How beautiful autumn can be in New Zealand.
Lets make a break from today s concerning news.
How beautiful autumn can be in New Zealand.
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🙉 Clown world session
Well thats impossible. Good he visited 54 states but USA has 50 states... 😂
Well thats impossible. Good he visited 54 states but USA has 50 states... 😂
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