Weekly Weigh In: No Food in Italy, Newcomers to Poland, Salvadorian Mission, Hike in Philippines, Anthropic, Norse Hydro Hurt
Supermarket in Campania, Italy
Truckers’ protests over soaring diesel prices have disrupted supermarket supplies. Food is starting to run out all over Southern Italy. Empty shelves in Posillipo, meat and produce gone. This has now impacted hundreds of supermarkets like this across Central and Southern Italy. The strike of truck drivers and farmers against fuel costs is paralyzing the shopping of Italians.
Well, Poland Lasted Long… I’ll Give Them That
Not listed here are: 988 Ghanaians, 947 Paraguayans, 677 Rwandans, 529 Brazilians, 444 Mexicans, 350 Tanzanians, 256 Ethiopians, 253 Cameroonians, 181 Hondurans.
Hispania to Speak Spanish Once Again
SALVADORAN TROOPS ARRIVE IN NEIGHBORING COUNTRY IN SEARCH OF THE FOUR SOLDIERS MISSING IN HAITI.
Shocking images have come to light showing the state of Haitian territory following the arrival of Salvadoran troops, who launched a fierce search operation to rescue the agents kidnapped by the feared “400 Mawozo” gang. The situation in the streets is becoming increasingly critical and dangerous.
Can El Salvador’s troops neutralize these criminal gangs overlording over the territory?
Round 2
“An escalation is coming. Whether it’s before the US midterms or after is not relevant. The purpose of the escalation is,” Aaron David Miller, a former Middle East negotiator for Republican and Democratic US president.
US diplomats are preparing for embassy evacuations. Israeli fighter jets are conducting sorties on the Iranian border and Iran already has their retaliatory target in sight, billions of dollars worth of data center infrastructure throughout the gulf region.
Interested in Storing Gold in Uruguay? Get in Touch
Higher than Expected Hike
The Bangko Sentral ng Pilipinas raised its policy rate by 50 basis points to 5.5%, twice the 25-basis-point increase markets had expected. It was the fourth consecutive rate hike, as policymakers are sounding the alarm for fears of heightened inflation.
This is coming as a bad time given the fact that there’s a major crunch for diesel and gas coming out of the Strait of Hormuz right now with Southeast Asia cutting it dangerously close. Rising imported energy costs, a weakening currency and monetary tightening that can further suppress domestic demand.
New Valuation Accounting Method called: Fuck it
Anthropic numbers from their S-1 IPO registration statement
Revenue: $16.3B
Net loss: $80.7B
IPO valuation: $2T
Higher Metal Pries Means More Profits…Right?
On October 23, Norsk Hydro, a massive aluminum producer reported quarterly adjusted EBITDA of NOK 9.09 billion, below the NOK 9.53 billion analyst consensus. Its shares fell 6.2% in early trading to their lowest level in over a year. But that’s not the main part, the main part relates to the fact that aluminum prices are indeed higher.
Gulf supply disruptions are lifting European aluminium premiums, yet higher smelting costs, weaker realised metal prices and expensive gas are eating into profitability.
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