Çarşamba, 7 Aralık 2022
Çarşamba, Aralık 7, 2022
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🥳 Many happy returns

US inflation slows more than expected, France welcomes migrant boat snubbed by Italy, Ukraine forces advance in south and retake settlements


Good morning! Today is Friday, November 11th — or 11/11/22 depending on where you're looking from. Probably making it a pretty popular date for booking a wedding… 

Today also marks the first anniversary of our beloved little newsletter's launch! Just 15 dog years ago on this day, while the markets were still booming and when there were no signs of a breakout of a full-blown war on our doorstep yet, our then-team consisting of Erinne, Carmelo, Tanem, (and yours truly) started compiling the most important bits of news across Europe and the world, and delivering them to your inbox. A year later, here we are, with Tanem, Özlem and Can, still paying your inbox a daily little visit. Hope you're enjoying the ride as much as we do.

  • If you've been with us for a long time, make some noise! How do you like Aposto so far? What would you like to see more of? Less of? Email us at [email protected] and press play for your custom playlist for the day!

—Atilla, with Özlem and Can


US inflation eased more than expected in October, signaling the end of the fastest price increases in decades and giving the Fed room to slow down its steep interest hikes. The CPI was up 7.7% year-on-year, according to a Labor Department report released Thursday, down from the prior month’s 8.2% and beating analyst estimates of 8%. Core inflation, which excludes volatile food and energy prices, advanced 6.3%, pulling back from a 40-year high.

Us inflation

via Bloomberg

  • Furthermore: Treasury yields plunged while the S&P 500 soared at the open. The dollar index tumbled and the euro gained 1.5% against the greenback to hit $1.017. Traders are now closer to pricing in a half percentage point Fed hike in December, rather than 75 basis points.

Norway’s inflation hit a 35-year high in October, fueling expectations that the central bank may opt to return to a faster pace of rate hikes next month. Headline inflation jumped to 7.5% year-on-year, above a projection of 7.1% and the central bank’s forecast of 5.8%. Underlying inflation, the measure followed by Norges Bank, hit another all-time high of 5.9%, versus a forecast of 5.5% and Norges Bank’s estimate of 5%.

Norway inflation

via Bloomberg

  • On a related note: Annual inflation in Ireland hit a 38-year high of 9.2% in October, up from 8.2% the month prior, official data showed on Thursday, after energy companies implemented price increases of up to 47%.

Italy approved a package of measures worth more than €9 billion on Thursday to lower energy prices, increase gas output and preserve stocks ahead of the winter. The spending will drive up this year's budget deficit to 5.6% of GDP from the 5.1% previously forecast, according to the Treasury's annual Economic and Financial Document published last week.

  • In other news: The growth of Italian bank lending to businesses slowed down in September, data from the Bank of Italy showed on Thursday. Loans to non-financial companies grew by 4.4% year-on-year in September compared with a 4.8% rise in August.

Russia is planning to ease restrictions on child labor, removing rules that had made it hard for teenagers from 14 years old to get part-time jobs as the economy struggles under sanctions and the impact of the partial mobilization for the war in Ukraine.


KFC Germany apologized for an “unacceptable” push notification sent out via its app on Wednesday, which appeared to tie a sales promotion to the annual commemoration of Kristallnacht, encouraging them to “treat themselves to tender cheese with crispy chicken.” The initial message was apparently followed by another, saying the first was an error.

  • What happened? The company said it relies on a “semi-automated content creation process linked to calendars that include national observances,” adding that “in this instance, our internal review process was not properly followed, resulting in a non-approved notification being shared.”

Italy's Nexi, one of Europe's biggest payments groups, reported on Thursday higher than expected Q3 core earnings as it confirmed guidance for the full year. Profits totaled €463 million in the quarter, up 12% from a year earlier, while revenue came in at €859 million, up 7.1% annually. Shares in Nexi extended gains after the results and closed 9.5% higher.

Amazon is set to cut costs by redeploying staff from unprofitable units to better-performing areas following a months-long review of its business, the Wall Street Journal reported on Thursday, sending its shares up 11%. The devices unit —which houses the voice assistant Alexa— is under close evaluation after it posted an operating loss of more than $5 billion a year, according to the report.



Goldman Sachs named 80 new partners, up from 60 people in 2020, as part of the high-profile ritual the Wall Street bank conducts every two years to fill its elite ranks. The lender said the cohort is its most diverse in the bank's history, with 23 women and 28 non-white partners. The promotions included 53 employees in the Americas, 21 in Europe, the Middle East and Africa region, and 6 in Asia.

Twitter’s new owner Elon Musk banned employees from working remotely and said they were expected to be in the office at least 40 hours a week, in his first email to workers late Wednesday. He also told workers there was “no way to sugarcoat the message” about the economic outlook and to prepare for “difficult times ahead” for advertising-led businesses like Twitter.


via Engadget

  • Under scrutiny? US President Joe Biden said Elon Musk’s links to foreign countries are “worthy of being looked at,” in response to a question about whether Washington had national security concerns around the world’s richest man. Biden added he was not “suggesting . . . whether or not [Musk] is doing anything inappropriate.”

France said it will allow an NGO ship carrying 234 migrants rescued in the Mediterranean to dock at the port of Toulon after Italy refused them entry. The passengers have been stranded at sea for two weeks. French Interior Minister Gerald Darmanin said Italy's right-wing government's ban on the boat was "incomprehensible" and "selfish." Darmanin said the passengers subsequently would be divided among France, Germany, and other European countries.

migrant boat

via Reuters

Ukrainian forces have advanced seven km in two directions in the south and recaptured 12 new settlements in the last 24 hours, Ukrainian army chief Valeriy Zaluzhnyi said on Thursday. Russia said its troops began retreating from Kherson, the only provincial capital Moscow has captured since the beginning of the war. The forced pullout is one of Russia’s worst setbacks yet and could allow Ukraine to win back lost territory in the south.

Ukraine army chief

via Reuters

  • On the other hand: A senior adviser to Ukraine's president said Russia wanted to turn Kherson into a "city of death" after Moscow ordered its troops to withdraw from the southern Ukrainian city. ”The Russian military mines everything they can: apartments, sewers. Artillery on the left bank plans to turn the city into ruins," Mykhailo Podolyak wrote on Twitter.
  • The response: NATO Secretary General Jens Stoltenberg said it was "encouraging" to see Ukrainian forces being able to liberate more of the country's territory, after the Russian retreat from Kherson. "It's part of an overall pattern or picture we have seen over the last month that Russia has absolutely lost the momentum," he said.
  • Furthermore: Turkish President Tayyip Erdogan said Russia's decision to withdraw troops from near the southern Ukrainian city of Kherson is a positive step, responding to a question about prospects of talks between Moscow and Kyiv.

Republicans came close to a narrow majority in the US House of Representatives on Wednesday, while control of the Senate depends on the tight races in Georgia, Nevada and Arizona, where votes are still being counted. The results so far defied the expectations of a sweeping win for the Republican Party amid frustrations over surging inflation under President Biden.

via Reuters


Elon Musk said he “killed” the new official label for Twitter accounts, on the same day that it began rolling out. "Please note that Twitter will do lots of dumb things in coming months," he tweeted. "We will keep what works & change what doesn’t."

  • What happened: Twitter changed the rules for its $8 Blue subscription, which grants users a blue checkmark as a sign of identity verification. The service’s help page now says that accounts created on or after November 9th, 2022 "will be unable to subscribe to Twitter Blue at this time." While Twitter didn't explain why it's putting the restriction on new accounts, the move came after an influx of impersonators got verified by paying for the service.

Sam Bankman-Fried’s crypto exchange FTX is on the brink of bankruptcy if the company can’t secure funds to cover a shortfall of as much as $8 billion. Bankman-Fried informed investors of the gap on Wednesday, shortly before rival exchange Binance backtracked on a bailout offer. Bankman-Fried said FTX is attempting to raise rescue financing in the form of debt, equity, or a combination of the two.

Sam Bankman-Fried

via Bloomberg

  • Looking ahead... The crisis at FTX may cost crypto markets weeks of deleveraging, which could push Bitcoin down to $13,000, according to JPMorgan strategists. A “cascade of margin calls” is likely underway given the interplay between the exchange, its sister trading house Alameda Research and the rest of the crypto ecosystem. Digital-asset investors fear the potential bankruptcy of FTX could lead to the collapse of other crypto outfits.

Google is launching updates across platforms making it easier for fans to follow the FIFA World Cup starting November 20. Users will be able to subscribe to individual teams’ alerts to get the latest scores and pin scores to the home screen. Google has also partnered with FIFA+ and official broadcasters including beIN Sports, BBC, ZDF and more to show daily video recaps under the matches section.

World Cup

via TechCrunch

Audi and battery recycler Redwood Materials are teaming up to collect end-of-life batteries from cell phones, electric toothbrushes, and other lithium-ion-powered devices in the US. As of November, consumers can deposit their laptops, cell phones, e-bikes, e-scooters, electric toothbrushes, vacuum cleaners, power drills, and other rechargeable devices at the participating dealerships.


🌾 Explainer: Can Ukraine's grain deal ease the global food crisis?

🪆 AP asks: What’s ‘Putin’s chef’ cooking up with talks on US meddling?

🎮 Play: The Climate Game — Can you reach net zero by 2050?

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