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Elon Musk says he could die under ‘mysterious circumstances’ after Russian threats – Observer

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Elon Musk says he could die under 'mysterious circumstances' after Russian threats - Observer

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“If I die under mysterious circumstances, it was nice to meet you.” The verdict was written by Elon Musk on Twitter shortly after he also posted a text that he said was written by the head of the Russian space agency, Dmitry Rogozin, accusing Musk of “involvement in the supply of military communications space equipment.” fascist forces in Ukraine.

In the text, a Russian official guaranteed that Elon Musk would be “held to account as an adult” for defending Ukraine and therefore against the Russian regime, leading to a response and warning from the Tesla owner, six minutes later, with an exchange of threats from Dmitry Rogozin , first in Russian and then in English.

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From I agree with the Independent, Musk even responded in a Russian publication: “I will do my best to stay alive,” suggesting that he could have been killed because of his position on the side of Ukraine.

Elon Musk challenges Putin to a one-on-one fight: “We bet on Ukraine”

Entrepreneur Elon Musk, founder of SpaceX and executive chairman of Tesla, did not insist on staying out of the war and even challenged Russian President Vladimir Putin to a two-man fight. On social media, Musk wrote: “I hereby challenge Vladimir Putin to a one-on-one fight. Ukraine is at stake. on one tweet later, in which he named the Kremlin’s official account, insisted, resorting to the question: “Do you accept this fight?”

Elon Musk’s Starlink satellites keep Ukrainian families connected

More about the war, there is Elon Musk’s company that helps Ukrainians. Starlink satellites are often the only available source of internet connection in Ukraine. The country has already received thousands of these small satellites from various Western partners, which have proven to be “quite effective,” according to Ukraine’s Digital Transition Minister Mykhailo Fedorov in an interview with The Washington Post.

With the invasion starting and with the help of Twitter, Fedorov asked Elon Musk to help the country, and the American replied a few hours later: “The Starlink service is already active in Ukraine. More terminals are on the way. The help was acknowledged and Anton Melnik, a spokesman for the Digital Transition Ministry, thanked Musk for the gesture in a post on his Twitter account.

The invasion of Russian troops into Ukraine was carried out using tactics that included the bombing of cities, the use of counterintelligence and strikes against specific logistics targets of Ukrainian society. Often without fuel, medical equipment, water and food, Ukrainians who shared their country’s events on social media also faced problems accessing the Internet.

To meet this particular challenge, these satellites have become a lifesaver for many Ukrainian citizens in a war that, for the first time, is also taking on a large-scale digital dimension.

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Economy

ECB hands tied to fight housing boom, expert warns

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ECB hands tied to fight housing boom, expert warns

The European Central Bank (ECB) has its hands tied because its monetary policy tools are not enough to deal with a house price boom, John Mullbauer, a professor at the University of Oxford, warns in Real Estate Booms and Busts. .: Implications for Monetary and Macroprudential Policy in Europe”, released as part of the ECB Forum, which continues this Wednesday in Sintra.

The study concludes that there is little room for the ECB to “go against the tide” due to the heterogeneous environment among its 19 member states and therefore calls for a change in the models applied by the Monetary Policy Council led by President Christine Lagarde.

For a specialist, there is a direct relationship between the transmission mechanisms of monetary policy and real estate purchase and rental prices, which, in turn, indicates signs of a country’s economic health.

The paper highlights that financial crises are often preceded by easing lending standards and a subsequent increase in lending, as well as an increase in loans, accompanied by a sharp increase in property prices.

And at the epicenter of the housing crisis is the banking crisis. “There is an important relationship between lending conditions and non-performing loans (non-performing loans, i.e. non-performing loans). NPLs are important components of credit cycles. [e consequentemente] banking crises,” explains John Mullbauer.

NPLs are a problem for banks for several reasons. On the one hand, the lending institution may lose some or all of the funds it has loaned and no longer have the expected income from collecting interest and fees.

“This is a good paper. It is necessary to know how to calibrate monetary policy in moments of calm and more agitated moments. [para o mercado]”, comments Giovanni Del’Ariccia during the forum.

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The deputy director of the International Monetary Fund’s “research” department also insisted on distinguishing between what he classified as “good” and “bad” housing booms, citing growth or slowdown in employment in various sectors as a “good measure”. ., from construction to “communal services” between these two phenomena.

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Economy

The cost of living. Lisbon falls in the table and behind Madrid and Barcelona

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The cost of living.  Lisbon falls in the table and behind Madrid and Barcelona

The spread of telecommuting and flexible work, the war in Ukraine, currency fluctuations and widespread inflation are having a significant impact on employee pay, which could have serious implications for companies in the global battle for talent. Conclusion from the Cost of Living 2022 study launched by a consulting company Mercer, which estimates the cost of living in 227 world cities for expatriates based on a pooled analysis of the comparative cost of more than 200 items in each location, including housing, transportation, food, clothing, home and entertainment. Leadership again belongs to Hong Kong. Zurich (2nd), Geneva (3rd), Basel (4th) and Bern (5th) round out the top five most expensive places in the world for expats.


Thiago Borges, business leader at Mercer Portugal, said: “The volatility caused by COVID-19 and exacerbated by the crisis in Ukraine has added to global economic and political uncertainty. This uncertainty, which goes hand in hand with significant increases in inflation in much of the world, worries expatriates about their purchasing power and socioeconomic stability.”


Foreigners paid using the origin approach usually receive a living wage allowance to maintain their purchasing power in destination countries. This subsidy is calculated by applying a cost-of-living index to a portion of workers’ net wages (their “disposable income”, i.e. the amount they spend on goods and services used daily in their place of residence).


Both inflation and exchange rate fluctuations directly affect the purchasing power of workers working outside their country of origin. The rise of remote and flexible work has also forced many employees to rethink their priorities, work-life balance and where they live. These conditions could have serious implications for companies that need to rethink their mobility strategy to stand a chance in the global battle for talent. On the other hand, this situation also provides cities with an opportunity to attract foreign investment.

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“For organizations, the financial well-being of employees is a key factor in their ability to attract and retain the best talent, and with reliable and accurate data, organizations can define clear strategies for structuring their employee mobility packages. International players in unstable times”. , added Thiago Borges.


He adds: “Working and economic conditions around the world are evolving faster than ever before. Companies must carefully navigate international contract costs/packages during times of uncertainty and adapt to the new world of work to ensure business sustainability and a sustainable future for their expatriates. “, also noting that “companies need market intelligence and clear strategies to put into practice expatriate mobility packages that are competitive in uncertain times while ensuring the financial well-being of their employees, as well as business efficiency, transparency and fairness,” it said. Marta Diaz, Head of Compensation at Mercer Portugal, holds key talent,” he added.


Mercer cost-of-living data helps organizations understand the importance of tracking currency fluctuations and assessing inflationary and deflationary pressures on goods, services and housing across regions of operation. The data also helps define and maintain compensation packages for employees in international operations. In addition, the cost of living in a location can have a significant impact on its attractiveness as a place for talent and influence the decision of organizations to choose a location to expand and transform their geographic footprint.



TOP 10 most expensive


Mercer’s Cost of Living 2022 study places Copenhagen (Denmark) 11th in the world rankings, London (UK, 15th), Vienna (Austria, 21st) and Amsterdam (Netherlands, 25th) , as well as other well-known cities in Western Europe, in addition to the aforementioned Swiss cities of Zurich, Geneva, Basel and Bern.

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The most expensive city in Eastern Europe is Prague (Czech Republic), which ranks 60th out of 227 cities. It is followed by Riga (Latvia, 79th), Bratislava (Slovakia, 105th) and Tallinn (Estonia, 140th). The cheapest city in Eastern Europe is Sarajevo, Bosnia and Herzegovina, ranked 209th.


In turn, Lisbon, which has dropped 26 positions in the ranking, is now below the middle of the table of European cities, yielding to cities such as Madrid or Barcelona.







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Economy

Tech sell-off throws Wall Street to the ground – Bolsa

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Wall Street is drowning in recession fear.  S&P 500 at 14-month low - Stock Exchange

Major stocks across the Atlantic closed in negative territory and technology pulled Wall Street into the red. The report, which showed Americans more pessimistic about the outlook for the economy, didn’t help.

The Dow Jones industrial index fell 1.56% to 30,946.99 points, while the Standard & Poor’s 500 fell 2.01% to 3,821.55 points.

For its part, the Nasdaq Composite Technology Index fell 2.98% to 11,181.54. Despite this, it was the downfalls of giants like Amazon and Tesla that mostly took place.

Operators have taken another “reality shower” following a disturbing consumer confidence report, Bloomberg reports. The barometer of consumer expectations for economic development, reflecting a six-month forecast, fell to almost a decade’s low, discouraging investors.

The data comes at a time when analysts are still optimistic about corporate earnings in the quarter that is about to end, as record net profits are forecast for the S&P 500 group of companies.

However, the bleak economic outlook pushed Wall Street’s major indexes into negative territory after gaining about 1%.

The quarterly recovery in asset portfolios also caused volatility in Tuesday’s session.

For strategists at Goldman Sachs, earnings forecasts for companies this quarter are overly optimistic, which the bank says puts stocks at risk of further losses as Wall Street analysts cut their estimates.

Max Kettner, strategist at HSBC, also believes that stocks are not yet reflecting the impact of a potential recession and corporate results expectations are likely to be revised down.

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