Happy Today Enjoy Diversity, equity, inclusion dominate Horiful Shabuz Done Work Free 2023

 The Treasury Department's launch of a new advisory committee on racial equity is just one of dozens of ways in which the federal government is working to advance President Biden's sweeping diversity, equity, inclusion and accessibility (DEIA) agenda.

"We know that we need to do all we can to build a fairer economy, and that’s why we have put racial equity at the forefront of our agenda at Treasury and across the Biden administration," Treasury Secretary Janet Yellen said Tuesday as she announced the equity committee.

Happy Today Enjoy Diversity, equity, inclusion dominate Horiful Shabuz Done Work Free 2023

OSLO, Oct 6 (Reuters) - Norway's centre-left government said on Thursday it planned to raise taxes on the country's oil and gas industry by 2 billion Norwegian crowns ($191 million) in 2023 by partly reversing an incentive package introduced during the coronavirus pandemic.

The adjustment to the temporary rules follows a surge in oil and gas prices, the government said.

"When aggregated over the years in which the temporary rules will apply, central government revenues are estimated to increase by 11 billion crowns," Finance Minister Trygve Slagsvold Vedum said in a statement.

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Norway, Europe's number one gas supplier and a major global crude producer, pumps around 4 million barrels of oil equivalent per day, ensuring big financial gains from the spike in energy prices.

The proposal reduces the so-called uplift rate, a special tax deduction, to 12.4% from 17.69%, the finance ministry said.

"With the government's proposal, all profitable investments before special tax will also remain profitable after tax," said Vedum, who leads the rural-oriented Centre Party.

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The left-leaning minority government of Labour and Centre said it plans to cut spending in 2023 by the $1.2 trillion sovereign wealth fund, the world's largest, while raising taxes to help combat rampant inflation.

The government proposed withdrawing 316.8 billion crowns from the wealth fund next year, down from a revised 335.1 billion crowns in 2022, and must now negotiate with the Socialist Left Party to pass the budget.

The Treasury committee is a natural extension of the administration’s broad effort to promote "equity" that started with an executive order on advancing racial equity that Biden issued on his first day in office. Yellen said the administration has pursued that goal in bills like the American Rescue Plan, which aspires to build a foundation for an "equitable economic recovery," and the infrastructure bill, which she said will boost investment in communities "that have often been ignored or overlooked."

HERSCHEL WALKER, WHO has vehemently opposed reproductive rights throughout his senatorial campaign in Georgia, denied he had paid for a woman’s abortion in 2009 and also denied he knew who she was. Thing is, she apparently shares a child with him, according to The Daily Beast who first broke the story on Monday about the abortion payment claim.

The White House is unveiling a series of reports on Thursday detailing agencies’ progress in steeling federal government facilities, programs and operations in the face of climate change.

The progress reports come a year after more than 20 agencies released plans to ensure federal facilities and programs are resilient against the climate crisis, including initiatives bumping pay to federal firefighters, electrifying vehicle fleets and pinpointing which military bases are most at risk to climate hazards. The reports were requested by President Joe Biden on his first day in office.

Now, the White House is highlighting examples of progress made across the federal government to ensure climate readiness, CNN has learned. This includes the fortification of federal facilities, the expansion of climate education and training within agency staff, the hiring of climate-focused personnel, the expansion of climate data access, the bolstering of supply chains in preparation for climate disasters and the incorporation of environmental justice into federal adaption efforts.

The Department of Defense, for example, “expanded the number of major installations and sites using the DOD Climate Assessment Tool from 157 to over 1,900,” a White House fact sheet provided to CNN said. The tool “rigorously identifies climate hazards, allows officials to prioritize where best to invest resources and how to mitigate potential harm and security impacts through adaptive solutions.”

Florida’s Tyndall Air Force Base, which suffered billions of dollars in damages when Hurricane Michael struck in 2018, is using the assessment tool to build what the Defense Department calls the “Installation of the Future” that is “resilient to climate change impacts.” The White House says the General Services Administration has also incorporated climate risk requirements into several major federal government contract opportunities “with an approximate combined spending of more than $400 million.”

A large concern, the White House’s federal chief sustainability officer Andrew Mayock told CNN, is understanding how supply chains will still deliver for the US government’s needs amid “hurricanes like Ian and other impacts across the United States.”

On Wednesday, the outlet said they had agreed to not share certain details about the woman’s identity to protect her privacy and over safety concerns. Then, Walker told Fox News host Brian Kilmeade he had “no clue about” her identity and denied the accusation and said it was an attack by “desperate” Democrats looking to keep the senate seat. Some in the GOP have continued to defend him.

“They see me as a big threat, and I know that and I knew it when I got into this race. But they don’t realize that I think they came for the wrong one. They energized me,” Walker said. “They energized me, because I know how they really want to try to keep this seat.

Treasury is one of several federal agencies taking its cue from the White House. In the run-up to the midterm elections, the White House has put up a series of posts about equity as it relates to federal grant funding, federally funded research, stopping the spread of monkeypox and access to infrastructure contracts.

BIDEN ADMINISTRATION WANTS FEDERAL GOVERNMENT TO BE DIVERSITY, EQUITY MODEL FOR THE NATION

Between Biden's executive order and the drumbeat of attention to diversity and equity created by the White House, other major federal departments have taken their own steps to advance DEIA. (Getty Images)

DEIA has also attached itself to other Biden administration priorities, such as climate change. Just last week, Vice President Harris caused a stir when she said assistance to climate-ravaged areas of the country must be distributed with "equity" in mind, which many Republicans interpreted as a sign that relief for Hurricane Ian in Florida might be doled out according to race.

The White House later clarified that Harris was not talking about relief specific to Hurricane Ian when she said low-income communities and communities of color are most vulnerable to climate change, and that the government needs to "address this in a way that is about giving resources based on equity."

VICE CHAIR OF TREASURY DEPT'S NEW RACIAL EQUITY COMMITTEE WANTS TO DEFUND THE POLICE, ‘CENTER RACE’ IN ALL POLICY

Between Biden's executive order and the drumbeat of attention to diversity and equity created by the White House, other major federal departments have taken their own steps to advance DEIA:

Agriculture

The U.S. Department of Agriculture launched an Equity Commission at the start of 2022 to advise the secretary on how programs and practices within the department "contribute to barriers to inclusion or access, systemic discrimination, or exacerbate or perpetuate racial, economic, health and social disparities." USDA says the commission will confront the "hard reality of past discrimination and its lingering harm." The group last met in late September, and it hopes to submit a final report on its findings next year.

Commerce

Assistant Commissioner Gough said the man was not suspected of being the individual responsible for the Optus breach but allegedly tried to financially benefit from the 10,200 stolen records that were dumped on an online forum.

She has warned people impacted by the breach to be suspicious of text messages, and not to click on links claiming to be from Optus, banks, police or other organisations offering to help with the data leak.

Assistant Commissioner Gough said the man was the first person who had been arrested under Operation Guardian and suspected it would not be the last.

"We are doing whatever we can working around the clock to protect Australians whose details have been released," she said.Optus given temporary power to share data with banks following hack

Optus will be able to share drivers licences, Medicare and passport numbers with banks and government agencies to assist in fraud detection following the massive data breach.

MILWAUKEE — Republicans have unleashed a barrage of negative ads in the final weeks of the midterms that hammer Democrats on crime.

Four members of a central California family who were kidnapped two days ago have been found dead, the Merced County sheriff said Wednesday night.

“Tonight, our worst fears have been confirmed,” Sheriff Vernon Warnke said at a news conference. “We found the four people from the kidnapping, and they are in fact deceased.”

 

Authorities had been searching for 8-month-old Aroohi Dheri; her parents, Jasleen Kaur, 27, and Jasdeep Singh, 36; and her uncle Amandeep Singh, 39, since Monday.

The sheriff’s office has said they were taken against their will Monday from a business on South Highway 59. Video released Wednesday appears to shows them being abducted from the family trucking business by a man armed with a gun.

A person taken into custody in connection with the case was unconscious after a suicide attempt, the sheriff’s office said earlier Wednesday.

The sheriff's office was called around 5:30 p.m. Wednesday after a farmworker discovered the bodies, Warnke said.

"There was a farmworker in area and during course of his job duties came across them," he said.

In at least two states, the strategy appears to be taking hold.

Recent polling suggests that after GOP Senate candidates zeroed in on crime in Wisconsin and Pennsylvania, the trajectory of the races shifted. In Wisconsin in particular, the negative ads have relentlessly targeted Democratic Lt. Gov. Mandela Barnes, who is challenging Sen. Ron Johnson.

“They’ve all got the same crib notes: Attack Democrats on crime,” said political science professor Charles Franklin, the director of the Marquette University Law School poll.

“It’s an effective issue here and elsewhere because, simply put, homicide rates are up in most urban centers,” he added, a trend that includes Milwaukee, Philadelphia and Pittsburgh.

Although Republicans have long turned to a playbook of attacking Democrats for not being tough enough on crime, pollsters like Franklin and strategists interviewed by NBC News said the strategy seems particularly effective this year amid rising crime rates across the U.S. and elevated voter concerns about the issue. Some Democrats have argued that Republicans are deploying scare tactics and racist dog whistles on purpose to mislead voters about their rivals.

But some Democrats have also grown alarmed that the attacks are resonating. Several Wisconsin Democrats said in interviews that Barnes knew the attacks were coming and are concerned the campaign hasn’t done more to keep the issue from becoming a defining aspect of the race.

“It’s been frustrating,” said one of Barnes’ primary opponents, Tom Nelson.

Nelson, along with two other Democrats, dropped out of the race early to clear a path for Barnes, who consistently polled ahead of him and other Democrats. “It’s probably frustrating for the other candidates, as well, because we invested so much time, so much money in beating Ron Johnson. If we didn’t have that set of values, if we didn’t have that shared goal of beating Ron Johnson, we wouldn’t have bailed out.”

Another Wisconsin Democrat who asked not to be named for fear of political retribution shared Nelson’s concerns.

“Why has it taken so long to figure out an answer to this crime messaging?” the Democrat said. “Why does it feel like Ron Johnson had like a month to hammer away at Mandela unanswered?”

Many of the pro-Johnson ads have hammered Barnes on the issue of cash bail, calling him a “dangerous Democrat” who supports ending it and making frequent mention of the person who plowed his car through a Christmas parade in Waukesha last year, killing six people and injuring dozens more. The suspect, Darrell Brooks, had been arrested days before the attack on domestic assault charges, but he was free after having posted $1,000 bail, a sum that has drawn criticism for being too low.

Brooks’ trial began this week, putting the issue back in the local news for the foreseeable future.

“These messages work because it’s not just a commercial. [Voters] see the problem every time they turn on the TV,” said a Wisconsin Republican operative with knowledge of Johnson’s campaign strategy.

During the Democratic primary, Barnes said he supported ending cash bail, and Johnson’s ads have noted that Barnes, as a state Assembly member, sponsored legislation they claim would have let criminals like Brooks post “dangerously low” bail. Barnes has said his bill would have required judges to hold defendants in custody if “clear and convincing evidence” existed that they were dangers to the community. Independent fact-checkers have said it’s “mostly true” that Barnes’ bill would have prevented Brooks from being released on bail. Advocates for bail reform have said cash bail discriminates against poor people and people of color, and many plans to reform it, including Barnes’ years-old proposal, target eliminating the practice for nonviolent crimes.

Another Republican ad claims Barnes “stands with ‘defund the police,’” while still others have tied him to “the squad,” a group of progressive lawmakers in Congress, many of whom support the “defund the police” movement, while showcasing an old photo of him holding up an “Abolish ICE” T-shirt. (The Barnes campaign made it clear early in the primary that Barnes didn’t support either movement.)

Yet another ad features an old clip of Barnes saying that “reducing prison populations is now sexy” before he claims that “his administration” paroled hundreds of violent offenders — a misleading accusation that Tim Michels, the Republican nominee for governor, is also wielding against his opponent, Gov. Tony Evers, one of the most vulnerable Democratic incumbents in the country.

Some of Barnes' allies, however, said Johnson's that allies have used racist dog whistles to describe Barnes, who is Black, in ads and that they sent campaign mailers that appeared to have darkened his skin. That's an accusation that Republicans rejected.

Calena Roberts, a Milwaukee-based organizer with the Service Employees International Union, said the nonstop ads about crime exploit Black neighborhoods for political gain.

"We live in a very racist state. There are people out here who thrive on that kind of nonsense that he’s spewing," Roberts, who is Black, said of Johnson. "We have to be mindful and diligent and be able to push back."

She also lamented that Republicans have gotten away with lobbing attacks without outlining their own plans to combat crime.

“I want to know what he did for the last two terms and what his plan is now," she said of Johnson. "If he were to win, what would he do to curb crime?”

Barnes has put out a series of statements and ads that hit back against the attacks. In one, Barnes slams them as "lies about me meant to scare you." Like other Democrats, Barnes has also hit Johnson and other Republicans for being apologists for those involved in the Jan. 6 attack on the U.S. Capitol. In recent days, however, Barnes has pivoted to attack Johnson on the issue of abortion rights — a move strategists say is designed to appeal to the Democratic base. This week, Barnes launched a “Ron against Roe” tour of the state and began running his first negative attack ad of the race, targeting Johnson’s stance on abortion access.

Barnes campaign spokesperson Maddy McDaniel said the race “remains neck and neck" even though Johnson and outside groups have spent millions of dollars on a "smear campaign." She said the campaign, freshly "armed" with a $20 million fundraising haul in the third quarter, was "taking the fight to Ron Johnson," particularly over his "dangerous" record on abortion.

In Pennsylvania, Republican Senate nominee Meh

 

She took the opportunity to warn scammers against using the data leaked in the breach.

"Do not test the capability or dedication of law enforcement. The AFP, our state partners and industry are relentlessly scouring forums and other online sites for criminal activity linked to this breach.

"Just because there has been one arrest does not mean there won’t be more.

"Be really, really conscious about suspicious and unexpected messages and activities across online platforms."

woman who said Herschel Walker paid for her 2009 abortion is the mother of one of his children, according to a new report Wednesday, undercutting the Georgia Republican Senate candidate’s claims that he didn’t know who she was.

The Daily Beast, which first reported Monday on the abortion, said it had agreed not to reveal details of the woman’s identity to protect her privacy. But Walker, who has expressed support for a national abortion ban without exceptions, vehemently denied the story, calling the abortion allegation a “flat-out lie,” threatening a lawsuit against the outlet he has yet to file and saying he had no idea who the woman might be.

So on Wednesday night, The Daily Beast revealed that the woman — who was not named — was so well known to Walker that, according to her, they conceived another child years after the abortion. She decided to continue on with the later pregnancy, though she noted that Walker, as he had during the earlier pregnancy, expressed that it wasn’t a convenient time for him, the outlet reported.

The Daily Beast said the Walker campaign declined to comment on Wednesday’s story. Walker is scheduled to make a public appearance Thursday morning in Wadley, Georgia, as part of his Unite Georgia Bus Stop tour across the state.

The latest reporting ensures that abortion will continue to be a central issue in the Georgia race, one of the most competitive Senate contests in the country. Walker and Democratic Sen. Raphael Warnock are locked in a tight contest that is key to the balance of power in the U.S. Senate.

'LET HERSCHEL BE HERSCHEL':Walker's icon status brings him out of Trump's shadow in US Senate race

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It adds to a series of stories about the football legend’s past that have shaken Walker’s campaign. Walker has been accused of repeatedly threatening his ex-wife’s life, exaggerating claims of financial success and overstating his role in a for-profit program that is alleged to have preyed upon veterans and service members while defrauding the government.

Earlier this year, after a story by The Daily Beast, Walker acknowledged the existence of three children he had not previously talked about publicly.

The woman told The Daily Beast for Wednesday’s story that Walker’s denial of the abortion was somewhat surprising to her.

“Sure, I was stunned, but I guess it also doesn’t shock me, that maybe there are just so many of us that he truly doesn’t remember,” the woman said. “But then again, if he really forgot about it, that says something, too.”

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In The Daily Beast report published late Monday, the news outlet said it reviewed a receipt showing her payment for the procedure, along with a get-well card from Walker and her bank deposit records showing the image of a $700 personal check from Walker dated five days after the abortion receipt.

During the Republican Senate primary, Walker openly backed a national ban on abortions with no exceptions for cases involving rape, incest or a woman’s health being at risk — particularly notable at a time when the 1973 Roe v. Wade Supreme Court precedent had been overturned and Democrats in Congress had been discussing codifying abortion rights into federal law.

“I’m for life,” Walker has said repeatedly as he campaigns. When asked about whether he’d allow for any exceptions, he has said there are “no excuses” for the procedure.

As the Republican nominee, Walker has sometimes sidestepped questions about his earlier support for a national abortion ban, a tacit nod to the fact that most voters, including many Republicans, want at least some legal access to abortion

The Commerce Department released a 20-page "Equity Action Plan" in April that says officials will work to build "innovation ecosystems in historically underserved communities," expand assistance to minority businesses and make DOC resources more available to underserved communities.

Defense

In late September, the Pentagon announced a new defense advisory committee on diversity and inclusion, which will provide advice and recommendations on "matters and policies relating to the improvement of racial/ethnic diversity, inclusion and equal opportunity within the department." A week later, DOD released a 37-page plan to promote DEIA.

Parts of the Ukrainian government authorised a car bomb which killed the daughter of a key ally of Vladimir Putin in Moscow, the US believes.

Kyiv has always denied responsibility for the attack of Darya Dugina, the daughter of a prominent Russian nationalist, in August.

But US intelligence agencies have now concluded that the explosion was sanctioned by parts of the Ukrainian government in a closely held assessment shared within the US government last week, according to the New York Times.

US officials insisted Washington had no advance knowledge of the attack, nor did it provide intelligence or other assistance that led to it, according to the paper.

In fact, American officials admonished their Ukrainian counterparts in the wake of the assassination.

It is unclear if Ukrainian president Volodymyr Zelensky had signed off on the attack or who in the Ukrainian government America rebuked over the incident.

Ukraine: ‘Someone like Dugina is not a target for us’

A spokesman repeated the Ukrainian government's denial to The New York Times on Tuesday.

Asked about the US intelligence assessment, Mykhailo Podolyak said: “Someone like Dugina is not a tactical or a strategic target for Ukraine."

US officials have speculated that the real target of the assassination was Dugina's father, Aleksandr Dugin, a leading cheerleader of Russia's war in Ukraine known to wield significant influence with Mr Putin.

Mr Dugin was supposed to drive into Moscow with his daughter, but decided at the last minute to travel back in another car.

Ukraine’s security services have proved adept at conducting sabotage operations within Russian territory from the start of the seven-month conflict.

But the assassination of Dugina still represents one of the boldest operations of the war to date, and appears to demonstrate Ukraine's ability to reach prominent Russians.

US fears attack could escalate Russian invasion

The attack is one element of a covert campaign by Ukraine that US officials fear could escalate Russia's invasion.

American officials have reportedly been frustrated with Kyiv's lack of transparency over both its battlefield and covert plans, in particular those actioned on Russian territory.

Munjurul Islam Kustiya Police Chief Among Officers Fired as Indonesia 2022 Midiul

 Russian forces in Ukraine were on the run yesterday across a broad swath of the front line, as the Ukrainian military pressed on toward the city of Lysychansk and made gains in the south after its weekend capture of Lyman, a strategic rail hub. Any loss of territory in the Donbas region undermines Russia’s objectives, which focus on seizing and incorporating the region.

Munjurul Islam Kustiya Police Chief Among Officers Fired as Indonesia 2022 Midiul

Investigates Deadly Stadium Disaster

Soccer fans light candles during a vigil for supporters of Arema FC who died in Saturday's stampede, in Medan, North Sumatra, Indonesia, Monday, Oct. 3, 2022. Indonesian police said they were investigating over a dozen officers responsible for firing tear gas that set off a crush that killed a number of people at a match between Arema FC of Malang and Persebaya of neighboring Surabaya city, as families and friends grieved Monday for the victims that included children

MALANG, Indonesia — An Indonesian police chief and nine elite officers were removed from their posts Monday and 18 others were being investigated for responsibility in the firing of tear gas inside a soccer stadium that set off a stampede, killing at least 125 people, officials said.

Distraught family members were struggling to comprehend the loss of their loved ones, including 17 children, at the match in East Java’s Malang city that was attended only by hometown Arema FC fans. The organizer had banned supporters of the visiting team, Persebaya Surabaya, because of Indonesia’s history of violent soccer rivalries.

U.S. fund Blackstone Inc. and Italy's Benetton family have officially launched their takeover offer for Atlantia SpA after receiving the go-ahead from the Italian market watchdog, they said late Monday.

The offer for the operator of toll roads and airports is for a maximum 552.4 million shares, or 66.9% of the company's share capital, at 23 euros a share, according to Schema SpA, Blackstone and the Benettons' investment vehicle. This implies a maximum offer value of up to around EUR12.7 billion ($12.5 billion) giving Atlantia an equity value of around EUR19 billion.

The offer period will begin next Monday, Oct. 10, and run through Nov. 11, Schema said, after Italian regulator Consob approved the bid. In recent weeks, Schema received approvals from the central banks of Italy and Spain, necessary because of Atlantia's stakes in regulated toll-payment companies in the two countries.

The remaining 33.1% stake in Atlantia is already held by the Benettons, via their investment company Sintonia SpA. The bidders plan to take the company private after the buy-out.

The disaster Saturday night was among the deadliest ever at a sporting event.

North Korea Missile Launch Triggers Sirens in Central Tokyo

Ukrainian forces have broken through Russian defences in the south of the country while expanding their rapid offensive in the east, seizing back more territory in areas annexed by Russia and threatening its troops' supply lines.

 

Making their biggest breakthrough in the south since the war began, Ukrainian forces recaptured several villages in an advance along the strategic Dnipro River on Monday, Ukrainian officials and a Russian-installed leader in the area said.

Swiss lender Credit Suisse Group AG, battered by scandals and losses, is racing through a restructuring plan. Wild market swings and a social media storm are making that task increasingly difficult.

Some of the bank's wealth management clients have recently become concerned about Credit Suisse's turnaround, two people familiar with the discussions told Reuters, and some have been moving funds, according to one of the people. The division is expected to be the centerpiece of the bank's turnaround plan.

A Credit Suisse spokesperson said: "We remain close to our clients as we conduct our strategic review."

 

Meanwhile, the firm's ability to extract good terms from potential buyers of businesses it wants to exit has been weakened by the market rout, analysts say.

Concerns in recent weeks that Credit Suisse will not be able to fund the reorganization without tapping investors for funds pushed the stock to new record lows.

Unsubstantiated social media speculation about the bank’s solidity over the weekend triggered a slump in its bonds while the cost of insuring against a Credit Suisse default jumped on Monday to a level not seen in decades.

"It’s always going to be a challenging restructuring,” said Johann Scholtz, equity analyst at Morningstar. "But what makes it even harder now is that you increased funding costs dramatically and profitability, which was already under pressure, is now even further under pressure."

Graphic: Credit Suisse valuation Credit Suisse valuation https://graphics.reuters.com/CREDITSUISSEGP-SHARES/xmvjoznynpr/chart.png

Under CEO Ulrich Koerner, in the job since July, Credit Suisse is attempting to restore the bank’s profitability and reputation. It lost $5 billion when Archegos collapsed in 2021, was rebuked by regulators for spying on executives and was tarnished by its involvement with defunct financier Greensill Capital.

To underpin sustainable profit, Credit Suisse is aiming to streamline the investment bank and expand its wealth management business, which soaks up less capital. Amid the options the bank has said it is considering is finding a buyer for its securitized products business.

The more it can fetch for its assets, the less it will have to raise from investors.

A source familiar with the situation told Reuters on Friday that the bank was exploring all options to get additional capital and that it did not necessarily have to sell more shares. There was a way for it to do so with just asset sales, the source said.

Credit Suisse will still have an investment bank but it is likely the division would be trimmed, the source added.

The bank has said it will present its plan on Oct. 27, but upheaval in the bank's stocks and bonds could complicate that task considerably.

"The executives really need to jump on this to inform investors and the general public very specifically about what they’re going to do about a restructuring," said Mayra Rodríguez Valladares, a financial risk consultant who trains bankers and regulators.

Graphic: Soaring cost of insuring Credit Suisse debt https://graphics.reuters.com/CREDITSUISSEGP-BONDS/jnvweqarovw/chart.png

Credit Suisse's shares have fallen some 60% this year. The cost to insure its bonds also soared again on Monday, adding 105 basis points from Friday's close to trade at 355 bps, their highest level in at least more than two decades.

Adding to its woes is broader market malaise, with rapidly rising interest rates and recession fears as well as the fallout of the war in Ukraine rattling investors and tightening financial conditions.

“The issue Credit Suisse runs into is that it almost becomes a self-fulfilling prophecy, not so much from a liquidity perspective, but their star talents start to leave or the rich people start pulling their money out of the private bank and then the business fundamentals begin to decline,” said James Finch, clinical associate professor of finance at New York University Stern School of Business.

'FORCED SELLER'

Jefferies analysts wrote in a note that Credit Suisse would be a "forced seller," which could hurt the price it fetches for assets.

"Selling assets will generate capital but reduce future earnings generation capacity," the analysts wrote. "Overall, we think asset sales alone are unlikely to be the solution to the potential capital shortfall problem."

There are also concerns of possible further outflows from the private banking business, analysts at Citigroup wrote in a note to clients on Monday.

Regulators have been watching. A source familiar with the matter said Swiss regulator FINMA and the Bank of England in London, where the lender has a major hub, were monitoring the situation and working closely together.

Executives have reassured staff that the bank has solid capital and liquidity.

Three sources at rival Wall Street firms affirmed that view and pushed back against any comparisons with the industry during the 2008 financial crisis, when banks such as Lehman Brothers failed.

In his note, Beaumont pointed to various measures of Credit Suisse's capital levels, saying it seemed to be "sufficient to absorb upcoming losses from divestments/asset sales."

It would behoove the bank to explain that it has sufficient capital to handle any unexpected losses, as well as adequate liquidity and cash to pay its obligations, said Rodriguez Valladares.

"What makes me a bit nervous is that some investors are jumping too quickly," said Rodriguez Valladares. "Look, the capital levels and the liquidity levels of credit Suisse are still healthy."

(Reporting by Oliver Hirt in Zurich and Carolina Mandl in New York; Additional reporting by Lananh Nguyen, Davide Barbuscia, Megan Davies and Greg Roumeliotis in New York; Writing by Elisa Martinuzzi and Paritosh Bansal; Editing by Matthew Lewis)

Ukrainian forces in the south destroyed 31 Russian tanks and one multiple rocket launcher, the military's southern operational command said in a nightly update, without providing details of where the fighting occurred.

Reuters could not immediately verify the battlefield accounts.

The southern breakthrough mirrors recent Ukrainian advances in the east even as Russia has tried to raise the stakes by annexing land, ordering mobilisation, and threatening nuclear retaliation.

Ukraine has made significant advances in two of the four Russian-occupied regions Moscow last week annexed after what it called referendums - votes that were denounced by Kyiv and Western governments as illegal and coercive.

In a sign Ukraine is building momentum on the eastern front, Reuters saw columns of Ukrainian military vehicles heading on Monday to reinforce the rail hub of Lyman, retaken at the weekend, and a staging post to press into the Donbas region.

President Volodymyr Zelenskiy said Ukraine's army had seized back towns in a number of areas, without giving details.

"New population centres have been liberated in several regions. Heavy fighting is going on in several sectors of the front," Zelenskiy said in a video address.

new primetime show, simply named Cuomo, kicked off on NewsNation Monday. Cuomo began his new venture by alluding to his firing from CNN late last year amid multiple scandals, including his involvement in his brother, former New York governor Andrew Cuomo’s response to sexual misconduct allegations, and misconduct allegations of his own.

“I’ve been humbled by what happened, and I’m also hungry to do better in a way that I’ve never been before,” Cuomo said. “So this show is going to be different than what I’ve done in the past because I’m different, and I’ve spent a lot of time looking and listening on the sidelines.”

In his opening monologue, Cuomo made multiple references to “the game” that American politics has become, and the role that media plays in today’s political discourse and in the game itself.

“It’s obvious to me that we need people in my position to do more,” Cuomo said, “to not just play or even referee the game that is plaguing our politics and society. That means exposing the game. Show when it’s played. Show how it’s being played.”

Cuomo pointed to the fact that the majority of Americans are closer to the center, not the fringe, but that the messaging from both the right and left is used to demonize the other side. Messaging on immigration was just one example Cuomo used to make his point.

“Why is all the focus on the migrants? The game,” Cuomo said. “It allows the left to show that the right has no heart, and for the right to show that the left has no head for law and order. Again, the problem works better for them than finding a solution. That is the game, and we have to change the game.”

Cuomo airs weeknights at 8 p.m. on NewsNation.

Watch Mehdi Hasan claim that Republicans have been rushing to congratulate 'neo-fascist' future leader of Italy:

Japan issued a warning to residents in Tokyo and two northern prefectures to seek shelter on Tuesday morning, October 4, after it said North Korea fired a ballistic missile over the country.

Sirens could be heard blaring in central Tokyo on Tuesday morning, footage shows.

The government issued a J-Alert (National Instant Warning System) for Hokkaido and Aomori prefectures, as well as Tokyo.

Japan’s Chief Cabinet Secretary Hirokazu Matsuno said North Korea launched a ballistic missile from its interior in an easterly direction at around 7:22 am on Tuesday.

“Details are still being analyzed, but it is estimated that the ballistic missile passed over Japan’s north-eastern region and fell outside Japan’s exclusive economic zone in the Pacific Ocean at around 7:44 am,” Matsuno said.

“North Korea’s series of actions, including its repeated launches of ballistic missiles, threaten the peace and security of the region and the international community, and are a serious challenge to the international community as a whole, including Japan.” Credit: @naru76nya via Storyful

Arema players and officials laid wreaths Monday in front of the stadium.

“We came here as a team asking forgiveness from the families impacted by this tragedy, those who lost their loves ones or the ones still being treated in the hospital,” head coach Javier Roca said.

On Monday night, about a thousand soccer fans dressed in black shirts held a candlelight vigil at a soccer stadium in Jakarta’s satellite city of Bekasi to pray for the victims of the disaster.

Indonesians hold a candlelight vigil for victims of a stampede, in Medan on Oct. 3, 2022.

ARIANDI—AFP/Getty Images

Witnesses said some of the 42,000 Arema fans ran onto the pitch in anger on Saturday after the team was defeated 3-2, its first loss at home against Persebaya in 23 years. Some threw bottles and other objects at players and soccer officials. At least five police vehicles were toppled and set ablaze outside the stadium.

But most of the deaths occurred when riot police, trying to stop the violence, fired tear gas, including in the stands, triggering a disastrous stampede of fans making a panicked, chaotic run for the exits. Most of the 125 people who died were trampled or suffocated. The victims included two police officers.

 

The Kremlin reflected the disarray of its forces on the ground, where territory was rapidly changing hands, acknowledging that it did not yet know what new borders Russia would claim in southern Ukraine. In Russia, nationwide turmoil and protests have erupted in response to the military conscription that has brought the war home to many Russians.

Munjurul Islam Kustiya Police Chief Among Officers Fired as Indonesia 2022 Midiul

Events on the battlefield have threatened to make a mockery of Russia’s proclaimed annexations of four Ukrainian regions, as Ukrainians continued to recapture blasted, largely depopulated cities and towns from the retreating Russians. In the south, Ukrainian forces have pushed deeper into the Kherson region, in what a senior Ukrainian military official described as the beginning of the active phase of a monthslong offensive operation.

Pentagon response: Ukraine’s rapid retaking of territory in the northeast and the progress that its forces are making against Russian forces in the south represent a “stunning success,” a senior official said.

Dating apps need to better protect their users, after a study revealed high rates of sexual violence, stalking, assault and unwanted sharing of explicit images, AAP has reported.

The Australian Institute of Criminology survey of 9,987 app users found three quarters were victims of some form of online sexual violence in the past five years.

One-third experienced in-person abuse from someone they met on an app, with 27% of those reporting incidents of sexual assault or coercion, such as drink spiking.

Among those physically assaulted, nearly 20% said they had been the victim of sexual health abuse such as “stealthing”, when a condom is removed without consent.

He said he was 'humbled by what happened, and hungry to do better than before,' promising to 'do more - to not just play, or even referee, the game.'

Cuomo's CNN show was the top-rated program in both 2019 and 2020, averaging two million nightly viewers in 2020.

NewsNation averaged only 46,000 viewers in prime time last year, The Washington Post reported.

Cuomo last week told podcast host Kara Swisher that he knew his new show was a step down - but on Monday he said he still had a lot to give.

He insisted he had unparalleled insight into politics, owing to his father and brother being former governors of New York.

'I've seen the inner workings of campaigns,' he said.

'I know the deal, inside and out.

'I want to bring all of that to the table to help you.

'I want you to count on me to going where it matters.'

And he said he was aiming to provide 'depth of discussion,'

'As loud and as angry as our world can sound: regular people like you, not the fringe, are the overwhelming majority,' he said.

'We are still nowhere near our potential. We are manipulated by manufactured division.'

He said his show would be 'old school,' promoting a phone line for people to call in.

He said he wanted discussion, not social media diatribes - 'not raging radicals or someone with keyboard muscles.'

Among those to call in was his 91-year-old mother Matilda, who said he was doing a wonderful job, and said his show was very important.

The researchers said the figures showed a “significant proportion” of people on apps were exposed to online and physical sexual violence.

“This is highly concerning given the significant and potentially long-term impacts associated with these victimisation experiences,” the study said.

“These impacts include poorer health and wellbeing, including overall life satisfaction, social isolation and lower self-esteem, as well as increased risk of re-victimisation.”

Among heterosexual respondents, 79% of women reported some form of online violence, compared with 61% of men.

Rates of sexual violence through dating apps were higher among LGBTQ+ people, with 87% of women reporting abuse and 79% of men. The vast majority of the 71 non-binary respondents were also victims.

Bulgarians vote in 4th election Dhaka Bangladesh Nazrul Islam Mirpur 1012 Covid News 2023

 Bulgarians vote in 4th election Dhaka Bangladesh Nazrul Islam Mirpur 1012 Covid News 2023

Thousands came out to downtown Montreal streets this Saturday to again protest the Iran regime's harsh crackdown on protests happening across the country.

Dozens have been killed in the protests, sparked after 22-year-old Mahsa Amini died last month after being detained by morality police who stopped her for not properly wearing her hijab.

Taichung Commercial Bank of Taiwan said on Friday it had agreed to buy California-based American Continental Bank for approximately $82 million as part of an effort to expand into the U.S. market.

American Continental Bank mainly serves Chinese-American communities in the City of Industry and surrounding communities in Los Angeles, Orange, Riverside, and San Bernardino counties. It has branches in City of Industry, Alhambra, Chino Hills and Arcadia in California, as well as in Bellevue, Washington. The bank also has loan production offices Fremont, California, and Carrollton, Texas.

Residents on the small resort island of Polillo are accustomed to severe weather – their island sits in the northeastern Philippines, on the edge of the Pacific Ocean where storms typically gather strength and turn into typhoons.

But even they were stunned by the intensity of Typhoon Noru, known locally as Typhoon Karding, that turned from a typhoon into a super typhoon in just six hours before hitting the region earlier this week.

“We’re used to typhoons because we’re located where storms usually land,” said Armiel Azas Azul, 36, who owns the Sugod Beach and Food Park on the island, a bistro under palm trees where guests drink coconut juice in tiny thatched huts.

“But everything is very unpredictable,” he said. “And (Noru) came very fast.”

The Philippines sees an average of 20 tropical storms each year, and while Noru didn’t inflict as much damage or loss of life as other typhoons in recent years, it stood out because it gained strength so quickly.

Experts say rapidly developing typhoons are set to become much more common as the climate crisis fuels extreme weather events, and at the same time it will become harder to predict which storms will intensify and where they will track.

“The challenge is accurately forecasting the intensity and how fast the categories may change, for example from just a low-pressure area intensifying into a tropical cyclone,” said Lourdes Tibig, a meteorologist and climatologist with the Institute for Climate and Sustainable Cities.

The same happened in the United States last week when Hurricane Ian turned from a Category 1 storm into a powerful Category 4 hurricane before making landfall along the southwestern coast of Florida on Wednesday.

Such rapid intensification, as it’s known in meteorological terms, creates challenges for residents, authorities and local emergency workers, including those in the Philippines, who increasingly have no choice but to prepare for the worst.

"We are excited to be entering the Los Angeles, Washington, and Texas markets and intend to open new branches in the United States,” President David Jia said in a statement.

Taichung Commercial Bank’s move comes amid heightened military tension between mainland China and Taiwan this year. Taiwan is home to many of the world’s largest technology companies, and Washington has encouraged Taiwan’s chip industry to invest in the U.S.; among them, GlobalWafers, a maker of semiconductor wafers, this year announced plans to build a $5 billion facility in Texas, and MediaTek, which competes with Qualcomm, will open a design center at Purdue University. Taiwan Semiconductor Manufacturing, one of the world’s largest chip makers, is already building a facility in Arizona.

"We are here for them," said Banafsheh Cheraghi, one of the Iranians who organized the protest.

"They are there not only resisting the Iran regime, but also fighting back. I would feel useless if I were not here today supporting them and echoing their voices."

Large crowds carrying Iranian flags chanted for the liberation of women in the country, marching from the gates of McGill University all the way to Jeanne Mance Park.

 

Bulgarian GERB party holds election rally in Plovdiv

SOFIA (Reuters) - Bulgarians vote in their fourth national election in less than two years on Sunday, with little hope for a stable government emerging because of deep division within the political elite over how to tackle entrenched corruption.

Prolonged political turmoil threatens to undermine the country's ambitions to join the euro zone in 2024 amid double-digit inflation and steep energy prices, and could lead to a softening of Sofia's stance on the Russian war in Ukraine.

Voting starts at 7 a.m. (0400 GMT) and ends at 8 p.m. (1700 GMT). Exit polls will be released after the ballots close, with first partial official results expected in the early hours of Monday.

Opinion polls suggest that up to eight political parties may enter the next parliament, with the centre-right GERB party of former long-serving premier Boyko Borissov, 63, leading with about 25%-26% of the vote.

Just as last year, Borissov, who has pledged to bring stability and be "stronger than the chaos", is widely expected to struggle to find coalition partners among his major rivals who accuse him of allowing graft to fester during his decade-long rule that ended in 2021.

The We Continue the Change (PP) party of reformist premier Kiril Petkov, whose coalition cabinet collapsed in June, is running second on 16-17% in opinion polls.

Failure to forge a functioning cabinet would leave the rule of the European Union and NATO-member state to a caretaker administration appointed by Russia-friendly President Rumen Radev.

NEW SNAP POLLS OR TECHNOCRAT CABINET

However, analysts say political parties, aware of economic risks from the war in Ukraine, a difficult winter ahead and voters' frustration of political instability, might put their differences behind them and opt for a technocrat government.

"Producing a government will be difficult and will require serious compromises," said Daniel Smilov, political analyst with Centre for Liberal Strategies.

The idea sounded simple enough: The countries would pay only cut-rate prices for Russian oil. That would deprive Putin of money to keep prosecuting his war in Ukraine, but also ensure that oil continued to flow out of Russia and helped to keep global prices low.

A month later, the Group of Seven, representing some of the world’s leading economies, is still figuring out how to execute the plan — a far more complex task than it might seem at first blush — and the Dec. 5 deadline to marshal participants is fast approaching.

In the meantime, the war grinds on. The Kremlin is mobilizing 300,000 more troops to join the invasion of Ukraine and Putin has annexed four Ukrainian regions after Kremlin-orchestrated referendums that the West denounced as shams.

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And while the U.S. and European countries have levied thousands of financial and diplomatic sanctions on Russia, including recently announced penalties, Treasury leaders say a price cap on oil could deliver the most effective blow to Russia’s economy, undermining its greatest revenue source.

Pushed by Treasury Secretary Janet Yellen, the price cap plan is testing the bounds of statecraft and capitalism. Yellen made her reputation as a Federal Reserve chair who helped steer the U.S. into the longest expansion in its history. Now she’s trying to use global energy markets as a vise to stop a war and keep oil prices from rushing upward this winter.

Yellen and her team at Treasury have been lobbying their international counterparts on the price cap since at least May. The U.S. has already blocked Russian oil imports, which were small to begin with.

“This is an entirely new way to use financial measures against a global bully,” Elizabeth Rosenberg, Treasury’s head of Terrorist Financing and Financial Crimes, said at a recent congressional hearing.

“A price cap coalition requires unprecedented coordination with international partners, as well as close partnership with global maritime industries, and exceptional resolve in the face of hostile Russian bluster and threats, including the risk that Russia may seek to retaliate," Rosenberg said.

The risks of this new form of economic warfare are immense to the global oil supply. If it fails or Russia retaliates by stopping the export of oil, then energy prices worldwide could skyrocket. U.S. consumers could feel the ramifications in another spike in gasoline prices.

If no candidate wins more than half of the votes, excluding blank and spoiled ballots, the top two finishers go to an Oct. 30 run-off, prolonging the tense campaign season.

Bolsonaro has threatened to contest the result of the vote, after making baseless allegations of fraud, accusing electoral authorities of plotting against him and suggesting the military should conduct a parallel tally, which they declined to do.

So Till’s violent murder is heard, but not seen. “Where the camera focuses is its own act of resistance. So I was very intentional about who we see and when,” she said. “As a black person, I didn’t want to recreate it, I didn’t want to shoot it, I didn’t want to watch it, and I wanted to take care of audiences who were watching it, particularly black audiences.”

“And I really wanted to begin and end this this film with joy and love. Because in addition to this film being about Mamie’s story and her journey, this was also a love story between Mamie and her child,” played by Danielle Deadwyler and Jalyn Hall. They were happily living in Chicago and Mamie tried, but wasn’t able, to prepare Emmett for toxic Southern racism as he happily prepared for a trip down to visit cousins. “You have to be small,” she warns her high-spirited teenager, who crouches down and laughs, “Like this?”

Mamie held Emmett’s funeral with an open casket, his brutalized body shocking the country into a reckoning. Awash in grief and resistant at first, she gradually accepts the role thrust upon her by her son’s death — a crusader for social justice.

Deadwyler, who has a son almost 13, understood that conflict and captured it. “It’s a resistance to wanting to do this thing, because you don’t want to do this thing, because you want what was before… Wanting to fight, and wanting to have what you can no longer have.”

Whoopi Goldberg plays Emmett’s grandmother Alma, “This is the story I’ve heard all my life. This is the year I was born. You listen to people talk and they throw the name [Emmett Till] around,” she said. “Nobody knowns his story. We know pictures. We’ve seen pictures in magazines. But suddenly there is life and breath in this family, and they are moving and alive.”

Investing in shares is a tough task at the best of times. The stock market’s continual ebb and flow between joy and despair means that investors can frequently find themselves on the wrong side of consensus views for extended periods.

The deal amounts to an unusual gesture of goodwill by Maduro as the socialist leader looks to rebuild relations with the U.S. after vanquishing most of his domestic opponents.

“I can’t believe it,” Cristina Vadell, the daughter of Tomeu Vadell, one of the freed Americans, said when contacted by The Associated Press on Saturday. Holding back tears of joy on her 31st birthday, she said: “This is the best birthday present ever. I’m just so happy.”

 

A senior Biden administration official said the U.S. and Venezuela had explored a range of options, but that it became clear that “one particular step” — the release of the two Maduro family members — was essential in getting a deal done. The official said the deal required a “painful decision” but the administration’s willingness to make it showed its commitment to bringing home American citizens held abroad.

The administration in the last six months has struck similar deals with Russia and more recently the Taliban. But the official, who spoke to reporters on condition of anonymity under ground rules set by the administration, said it “remains extraordinarily rare that a choice like this is made.”

The transfer took place Saturday in an unspecified country between the U.S. and Venezuela after the men in the deal arrived from their respective locations in separate planes, the Biden administration said.

“These individuals will soon be reunited with their families and back in the arms of their loved ones where they belong,” President Joe Biden said in a statement. “Today, after years of being wrongfully detained in Venezuela, we are bringing home” the seven men, whom the president cited by name. “We celebrate that seven families will be whole once more.”

However, today’s investment climate is particularly challenging. Risks such as the war in Ukraine, a cost of living crisis, Covid lockdowns in China, high inflation and rising interest rates make it exceptionally difficult to determine how stock markets will perform over the coming months.

Some investors may decide to hold defensive stocks that are insulated from an increasingly downbeat economic outlook. Others may feel that the economic tide will turn and that growth stocks are therefore appealing.

In Questor’s view, investors do not necessarily face a binary choice between safety and growth. Indeed, some companies, such as the FTSE 100 pharmaceutical company AstraZeneca, offer the best of both.

WASHINGTON — President Biden and the first lady, Jill Biden, will travel to Puerto Rico on Monday to survey damage to the island from Hurricane Fiona and will go on Wednesday to Florida, where Hurricane Ian left parts of the state in ruins, the White House announced on Saturday night.

White House officials did not provide details of the president’s visits to the sites of the two natural disasters. But Mr. Biden had said in the past several days that he expected to travel to both places to reassure residents that the federal government will help in their recoveries.

“In addition to what we’re doing for Florida and South Carolina, we remain focused on recovery efforts in Puerto Rico as well,” Mr. Biden said Friday at the White House. “We’re going to stay with and stay at it as long it takes.”

The president’s visit to Florida will be the first since he and Ron DeSantis, the state’s governor, have spent months clashing over transgender rights, abortion, immigration and other issues that are at the center of congressional elections next month. Mr. DeSantis has said that the storm, which made landfall on the state’s Gulf Coast as a powerful Category 4, will go down in history as one of the strongest to hit Florida because of the catastrophic flooding that wiped away whole towns and killed dozens.

“This is what the culmination of systemic racism looks like. It goes out in ripples, and it touches everybody. And the whole point of all of this is we’ve seen it, we know. We saw George Floyd. We saw Trayvon Martin. Children and young men. Middle aged men. Men. People.”

Mamie Till-Mobley passed away in 2003. Some of the Till’s extended family were in attendance at the Lincoln Center premiere, so were other grieving mothers: Lezley McSpadden-Head, mother of Michael Brown, the 18-year- old shot and killed in Ferguson, Mo. in 2014 by a white police office; Kadiatou Diallo, mother of Amadou Diallo, a 23-year-old Guinean student shot and killed by New York City police officers in 1999; and Marian Tolan, mother of Robert Tolan, shot by police in Bellaire, Texas in 2008.

Chukwu’s film Clemency won the Grand Jury Prize at the 2019 Sundance Film Festival. She wrote Till with Michael Reilly and Keith Beauchamp, who accumulated a bulk of research for his award winning 2005 documentary The Untold Story of Emmett Louis Till.

Till was produced by Keith Beauchamp, Barbara Broccoli, Whoopi Goldberg, Thomas Levine, Michael Reilly and Frederick Zollo. Broccoli told Deadline this week that “the film will open people’s eyes.”

The film, from MGM’s Orion pictures, will be released theatrically by UAR on October 14

A decisive victory by Lula on Sunday could reduce the odds of a tumultuous transition. Critics of Bolsonaro say another month of his attacks on the democratic process could spur social unrest like the 2021 assault on the U.S. Capitol by supporters of former President Donald Trump.

Bolsonaro says he will respect the election result if voting is "clean and transparent," without defining any criteria.

Brazilians are also voting on Sunday for all 513 members of the lower chamber of Congress, a third of the 81 members of the Senate and state governors and legislatures.

“I don’t have a crystal ball. I don’t know exactly what Russia will do here. There are a lot of different options,” Ben Harris, Treasury’s assistant secretary for economic policy, said during a recent Brookings Institution presentation. He added: "The price cap provides an opportunity for a bit of a release valve and the hope that these Russian barrels will find the market, but at a reduced price.”

The Dec. 5 deadline for setting the price for discounted oil comes just before a year-end wider European embargo on seaborne Russian crude oil and a complete ban on shipping insurance designed to prevent Russian oil from reaching non-European buyers. The embargo and insurance ban could eliminate up to 4 million barrels a day from the world’s daily supply of petroleum, a loss of roughly 4%.

Treasury’s hope is that the price cap kicks in first and allows some of that oil to keep flowing via exceptions to the embargo and the insurance ban, albeit at prices lower than market rates.

While Treasury officials and leading economists express confidence that the plan will work — and already is working — some oil analysts are wary of trying to implement it before winter, in a global economy already scarred by supply shocks, and a Europe facing fast-rising inflation.

The unknowns are too many, they say.

anic at an Indonesian soccer match after police fired tear gas to stop brawls left 129 dead, mostly trampled to death, police said Sunday.

Several fights between supporters of the two rival soccer teams were reported inside the Kanjuruhan Stadium in East Java province's Malang city after the Indonesian Premier League game ended with Persebaya Surabaya beating Arema Malang 3-2.

The brawls that broke out just after the game ended late night Saturday prompted riot police to fire tear gas, which caused panic among supporters, said East Java Police Chief Nico Afinta.

Hundreds of people ran to an exit gate in an effort to avoid the tear gas. Some suffocated in the chaos and others were trampled, killing 34 almost instantly.

More than 300 were rushed to nearby hospitals to treat injuries but many died on the way and during treatment, Afinta said.

He said the death toll is likely still increasing, since many of about 180 injured victims' conditions were deteriorating.

The Indonesian top league, BRI Liga 1, has suspended games for a week following the match, and an investigation had been launched, the Football Association of Indonesia (PSSI) said.

There have been previous outbreaks of trouble at matches in Indonesia, with a strong rivalry between clubs sometimes leading to violence among supporters.

Among global stadium disasters, 97 Liverpool supporters were crushed to death in Britain in April 1989, when an overcrowded and fenced-in enclosure collapsed at the Hillsborough Stadium in Sheffield.

Indonesia is to host the FIFA under-20 World Cup in May and June next year. They are also one of three countries bidding to stage next year's Asian Cup, the continent's equivalent of the Euros, after China pulled out as hosts.

“The wildcard factor to me is what the Russians do, because the Russians have made abundantly clear that they do not want to play along with price caps,” said Helima Croft, global head of commodity strategy at RBC Capital Markets.

“We should prepare ourselves at least,” she said, “that they may withhold oil.”

Ed Morse, head of commodities research at Citi Group, said at the Brookings Institution recently: “It’s an experiment that’s never been done in world history. I think it is a poor judgment call to do this at this time.”

Oil is the Kremlin’s main pillar of financial revenue and has kept the Russian economy afloat so far in the war despite export bans, sanctions and the freezing of central bank assets that began with the February invasion.

Before the war, Russia exported roughly 5 million barrels of oil per day as one of the world’s biggest oil exporters. That figure — accounting for roughly 9% of the world’s crude exports — has largely been unchanged despite all the sanctions.

Russia has vowed to take retaliatory measures to offset the impact of the price cap. Last week, Kommersant, a Russian business newspaper, reported that the Kremlin is considering raising $50 billion in additional revenue from taxes on exported energy, in response to the plan.

Analysts are hopeful the Russians are bluffing. Deutsche Bank recently assigned a “low probability” to Russia stopping its exports and cut its forecast for the price of crude by 10%. The German bank cited the U.S. Treasury’s announcement that India could have flexibility to buy from non-EU providers if it doesn’t join the price cap coalition, among other factors.