Multipolar Market


Гео и язык канала: Весь мир, Английский
Категория: Новости и СМИ


Crypto, trade & finance news with a grain of humor
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Весь мир, Английский
Категория
Новости и СМИ
Статистика
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Financial Times Publishes Part of Zelensky's 'Victory Carve-Up Plan' Proposed to Trump

The first point involves replacing costly American troops in Europe with cheaper Ukrainian forces. The second point entails transferring Ukraine's natural resources for development by American specialists and corporations. This proposal comes from Senator Lindsey Graham, who openly boasted in September that the U.S. plans to take Ukraine's resources.

Independence and sovereignty, indeed.

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Americans Now have Record High Asset Allocation in Stocks

Researchers from Goldman Sachs report that the share of American assets placed in stocks has reached historic highs, surpassing previous records set during the dot-com bubble in 2000.

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A Bit More on German Cars

We continue to monitor developments in German industry. Clearly, growth is becoming "easier and easier" now that it's no longer dependent on "primitive" Russia. Gas prices are no longer dictated by external forces. Moreover, the gas now has "molecules of freedom."

Mercedes-Benz:

The group’s net profit for the third quarter of 2024 fell by 54% compared to Q3 of 2023: €1,719 million against €3,719 million. For the first nine months of this year, profit declined by 31% compared to the same period last year.

Revenue decreased across all sales regions and segments except hybrids.

BMW:

Q3 2024: €476 million compared to €2,931 million in Q3 2023, a drop of 83.8%. Over the first three quarters, profits fell by 35.8%.

Deliveries declined across all segments: BMW, Mini, Rolls-Royce, and motorcycles. Deliveries to China dropped by 13.1%.

Audi:

First three quarters of 2024 – net profit fell by 45.8%.

By brand, only Lamborghini showed growth, while Audi and Bentley declined by 10.9% and 26.6%, respectively.

The sharpest decline by market was in Germany: -19.7%.

Quite a trend, isn’t it?

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Borrell Lectures

"Not everyone in Europe understands why we should spend €122 billion on Ukraine. You know, €122 billion is a very large sum. Not all European citizens, who also have their own needs, comprehend this," said Borrell.

He suggested that Europe might need to engage in "political pedagogy" to convince EU residents that it's in their interest to allocate their taxes to Ukraine.

Borrell acknowledged that if EU citizens are unwilling to continue funding Kyiv, the support would have to cease. He added that if the EU stops assisting Ukraine, it would "collapse."

MB Borrell needs some "shut the fuck up" pedagogy?

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Russia Optimizes Government Expenditures

By July 2025, Russia plans to dismiss 400,000 civil servants. As part of a public service efficiency reform, an audit will be conducted to identify redundant bureaucratic positions, committees, and departments. The salaries from these eliminated roles will be partially redirected to increase the pay of remaining, essential employees. Additionally, salary indexations have been frozen, affecting the base salaries of judges, prosecutors, investigators, and assistants to deputies and senators.

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Head of the European Commission Proposes Replacing Russian LNG with American Gas

The President of the European Commission, Ursula von der Leyen, proposed to Donald Trump that the U.S. replace Russian liquefied natural gas (LNG) supplies with American LNG. According to her, American LNG is cheaper and would help lower energy prices in Europe. Von der Leyen believes the issue of increasing LNG supplies from the U.S. could also be discussed in connection with the EU’s trade surplus with the U.S.

This already sounds like, "Anything, just don't abandon us."

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BMW Follows Audi's Lead

In the third quarter of 2024, BMW's profit plummeted by 61%. Contributing factors include the recall of 1.5 million vehicles due to brake issues and a catastrophic 30% drop in sales in China during the quarter.

To address these challenges, BMW is shifting its focus to the U.S. market, declaring North America as its key market. Europe is no longer the primary focus, as the situation there has become clear to all.

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Kamala Harris Owes Celebrities $20 Million and Doesn't Know How to Repay

In the final days before the election, Democrats organized celebrity concerts in swing states—featuring top-tier artists from Christina Aguilera to Beyoncé—performing free shows in support of Kamala Harris. Now, it turns out there's no money to pay for these events; all campaign funds had been spent by that point. Notably, Harris's campaign raised over a billion dollars, one and a half times more than Trump's.

Trump has already responded to the debacle, offering to cover the Democrats' expenses "for the sake of national unity." A masterful troll move.

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In Germany, the Number of Bankruptcies is Increasing; in October, 1,530 German Enterprises Declared Insolvency

This represents a 17% increase compared to September and a 48% rise compared to the same month in 2023. As a result, this October has become the worst in terms of this indicator since 2004. These calculations were presented by the Halle Institute for Economic Research (IWH) of the Leibniz Association. This is a record number of bankrupt German enterprises in twenty years.

All it took was to voluntarily give up cheap resources from Russia.

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Audi to Lay Off Thousands of Employees Due to Plummeting Sales

Audi is taking urgent measures to reduce expenses by cutting 15% of its workforce, approximately 4,500 employees. This decision follows a significant decline in profits: in the third quarter of last year, the company earned €1.2 billion, whereas this year it is only €106 million—a 91% drop.

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The American Dream Isn't What We Imagined

Bank of America research indicates that nearly half of American households live paycheck to paycheck. Among them, more than half explicitly state they live paycheck to paycheck, while the rest acknowledge that their situation is similar. In the third quarter of 2024, the overall percentage slightly decreased but has been steadily increasing since 2022.

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Data Centers Become Major Energy Consumers in the U.S.

Data centers have become the primary consumers of electricity in the U.S., driven by cloud computing and AI systems that require substantial computing power and cooling infrastructure. Virginia, particularly Northern Virginia, has emerged as a global hub for data center construction, with around 300 facilities concentrated in Loudoun, Fairfax, and Prince William counties.

According to Amazon, roughly 70% of the world’s internet traffic flows through this region, often referred to as the "data center alley." The high concentration of data centers in Virginia has led to a significant increase in energy consumption. Dominion Energy reported that in 2023, 24% of its electricity sales were attributed to data centers.

The Northern Virginia Electric Cooperative expects peak electrical demand to grow by more than 12% annually over the next 15 years, driven almost exclusively by data center demand.

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BlackRock Transfers Its Bitcoins to Coinbase for the Second Consecutive Day

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Trump is Back: Wall Street Elite Face a New Way of Life

During Trump’s first term, his tweets were essential reading for Wall Street employees. Trump’s habit of shaping policy through Twitter (now X) was routine, day and night: tens of millions of his followers received his constant tweets around the clock. These statements often triggered sharp market fluctuations, disrupting traders’ and investors’ schedules in financial markets.

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Europe Cannot Finance 'Lost' War in Ukraine Without U.S., Says Orbán

Hungarian Prime Minister Viktor Orbán stated that Europe cannot continue to support Ukraine's war efforts without U.S. assistance. He mentioned that recent events have confirmed the conclusions of his controversial July diplomatic mission to Kyiv, Moscow, and Beijing, indicating that Ukraine is losing the war.

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