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HSBC Slashes UK Growth Forecasts On Eve Of Budget As Bumper Profits Spark Fresh Calls For Windfall Tax

HSBC Slashes UK Growth Forecasts On Eve Of Budget As Bumper Profits Spark Fresh Calls For Windfall Tax

HSBC lowered its 2027 UK growth forecast to 1.1% as profits rose, renewing debate over a possible bank tax increase in the Budget.
Could Russian Energy Ease Europe’s Winter Squeeze Quickly?

Could Russian Energy Ease Europe’s Winter Squeeze Quickly?

Europe faces tight gas, costly energy and diesel shortages, but Russian supplies may not quickly ease the squeeze, according to The Bell.
Why Amazon Scrapped Plans For Four AI Data Centers In Northern Virginia

Why Amazon Scrapped Plans For Four AI Data Centers In Northern Virginia

Amazon will scrap four planned data centers in Loudoun County and repurpose most of the 122-acre site for housing and mixed-use development.
Russia’s Oil Giant Rosneft Fears Just A Few More Months Of War In Ukraine Could Inflict Lasting Damage On Its Business, Bloomberg Reports

Russia’s Oil Giant Rosneft Fears Just A Few More Months Of War In Ukraine Could Inflict Lasting Damage On Its Business, Bloomberg Reports

Bloomberg reports Rosneft officials fear months more of war could deepen financial strains and damage refinery operations after repeated Ukrainian strikes.
SpaceX’s First Profitable Quarter As A Public Company, And Musk’s $1 Trillion Promise

SpaceX’s First Profitable Quarter As A Public Company, And Musk’s $1 Trillion Promise

SpaceX reports its first profit as a public company with $14.6B revenue in Q3 2026, and Elon Musk projects up to $1 trillion in annual recurring revenue by 2027.
Top Links 1259 Indonesia At A Crossroads: Fires, Downgrades, Fuel Shortages & Homer Simpson. Also, Sex Difference In Pain.

Top Links 1259 Indonesia At A Crossroads: Fires, Downgrades, Fuel Shortages & Homer Simpson. Also, Sex Difference In Pain.

An Oct. 19 Chartbook newsletter points to fires, downgrades and fuel shortages in Indonesia, but provides few details in its public excerpt.
Three Months After Ukraine Began Striking Warehouses Belonging To Russian Online Shopping Giants Wildberries And Ozon, Workers And Sellers Describe The Damage To Their Livelihoods

Three Months After Ukraine Began Striking Warehouses Belonging To Russian Online Shopping Giants Wildberries And Ozon, Workers And Sellers Describe The Damage To Their Livelihoods

Workers and sellers describe lost income and disrupted deliveries after attacks on Wildberries and Ozon warehouse sites began in July.
Putin Places Assets Of Several More Foreign Companies, Including Flooring Manufacturer Tarkett, Under Temporary Management

Putin Places Assets Of Several More Foreign Companies, Including Flooring Manufacturer Tarkett, Under Temporary Management

A Russian decree places assets linked to Tarkett and four other foreign companies under temporary management by Tsentr Kapital.
A Major Russian Business Association Has Proposed Sweeping Away Tax Breaks For Small Businesses. Here’s What Would Change — And Why The Kremlin Might Agree.

A Major Russian Business Association Has Proposed Sweeping Away Tax Breaks For Small Businesses. Here’s What Would Change — And Why The Kremlin Might Agree.

Delovaya Rossiya has proposed changes that could end key tax regimes for small firms from 2027; the Finance Ministry says the plan needs further study.
Top Links 1252 US Trade Deficit. What’s The Matter With France? Rupee Under Pressure & The End Of Gaza.

Top Links 1252 US Trade Deficit. What’s The Matter With France? Rupee Under Pressure & The End Of Gaza.

Adam Tooze’s Oct. 12 Chartbook newsletter points readers to coverage of the U.S. trade deficit, France and the rupee, but gives few details.