October, 2022

• 13 October

  Credit Suisse isn’t Lehman moment you’re looking for

    Generals always fight the last war, they say, and it seems right now that lots of people are looking for the next Bear Stearns or Lehman Brothers. They’re only half right. The 2008 crisis that killed these investment banks started with subprime mortgages and complex credit products, but became an epic rolling disaster due to a rapid loss of ...

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• 13 October

  Nato states back anti-missile shield for Europe

  

  Bloomberg At least 15 countries mainly of the Nato military alliance, including the U.K. and the Netherlands, have signed a letter of intent to join a long-term German project to create a European anti-missile shield that would boost protection for much of the continent. The system will have several layers to intercept various kinds of missiles from different heights, possibly ...

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• 13 October

  Italy parliament’s first session exposes rifts in Meloni bloc

  Bloomberg Italian lawmakers on Thursday elected an ally of right-wing leader Giorgia Meloni as Senate president, in a vote that exposed early rifts within the coalition backing the likely next prime minister. In its first session since the Sept. 25 elections, the Senate chose Ignazio La Russa, a member of Meloni’s Brothers of Italy party, as president, even as lawmakers ...

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• 13 October

  Japan PM’s support under 30% for first time in a major poll

    Bloomberg Support for Japanese Prime Minister Fumio Kishida dipped in a major poll below the 30% level considered a danger zone for a premier, as voters have faulted him over measures to fight inflation and not doing enough to cut ties to a fringe church. The approval rating for Kishida’s government fell to 27.4% in a Jiji Press poll ...

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• 13 October

  US core inflation returns to four-decade high as rents rise

  

    Bloomberg A key gauge of US consumer prices advanced to a 40-year high in September, underscoring persistent, elevated inflation that’s squeezing households and pushing the Federal Reserve towards another steep interest-rate hike. The core consumer price index, which excludes food and energy, increased 6.6% from a year ago, the highest level since 1982, Labour Department data showed on Thursday. ...

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• 13 October

  UK delays restrictions on Huawei Technologies

  

  Bloomberg The UK delayed restrictions on Huawei Technologies Co.’s use in broadband networks after BT Group Plc said the original deadline could lead to outages. The restriction on Huawei’s use in network cores — which manage sensitive data and tasks, including security and control functions — will now go into effect in December 2023 rather than January, the UK Department ...

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• 13 October

  Italian firms see economic future deteriorating: Study

    Bloomberg Italian companies see the economic situation in the country deteriorating, according to a central bank report. Spiraling inflation and uncertainty linked to Russia’s invasion of Ukraine means firms are now the most pessimistic bout their own businesses since the first quarter of 2020, according to the Bank of Italy report based on information gathered between August 15 and ...

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• 13 October

  TSMC cuts capital spending by 10% in a warning for tech sector

  

  Bloomberg Taiwan Semiconductor Manufacturing Co (TSMC) slashed its 2022 capital spending target by roughly 10%, a dramatic sign of trouble for the technology industry from the world’s most valuable chip company. TSMC said it expects to spend about $36 billion in 2022 on capital equipment, down from at least $40 billion previously. The sharp reduction in expenditure — an important ...

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• 13 October

  Equities rise, with eyes on US inflation data

  

    Bloomberg US equity index futures rise on Thursday, ahead of key US inflation data that could determine how much further the Federal Reserve’s policy-tightening cycle will run. Futures contracts on the S&P 500 were up 0.5% as of 5:55 am in New York, while those on the Nasdaq 100 gained 0.3%. The benchmark index had tumbled to its lowest ...

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• 13 October

  Anxinsec committed to protecting the peace of digital world

  

  Dubai / Gulf Time Anxinsec is participating in the Gitex Global 2022, the Middle East’s most influential exhibition, which runs until October 14. As a leading brand of memory security, Anxinsec presents its competitive product, memory detection and protection system (MDPS), and several scenario-based security solutions at the exhibition. “Gitex Global remains the world’s largest tech show with the most ...

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