Banned account holders want to get back on.
Saturday, October 29, 2022 |
Hello and welcome to this edition of the Weekend Briefing, with the latest on where we stand with Twitter, Ukraine, Brazil, inflation and more. |
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Elon Musk's Twitter account, October 28, 2022. REUTERS/Dado Ruvic/Illustration |
- Current status: It didn't take long for banned account holders and world leaders to call on Musk, who calls himself a free-speech absolutist, yet has promised advertisers to avoid turning the platform into a "hellscape."
- The next 10 days: With the U.S. midterm elections less than two weeks away, Twitter could become the host of a fresh wave of election misinformation just as voters are casting ballots, experts say.
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- What we know: Russia drafted hundreds of thousands over a month and sent more than a quarter of them to the battlefield after a divisive mobilization campaign that was its first since World War Two.
- What's next: Russia continues to push the nuclear-weapons question, saying that the accelerated deployment of modernized U.S. B61 tactical nuclear weapons on Europe's NATO bases lowers the "nuclear threshold."
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- Sábado: Brazil's right-wing President Jair Bolsonaro and his leftist election rival, Luiz Inácio Lula da Silva, traded barbs late in their final televised debate ahead of a runoff vote. Lula remains a slight favorite, polls show.
- Domingo: Voters will decide the winner on Sunday. The big question is, will Bolsonaro accept the result if he loses?
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- The latest: U.S. consumer spending rose more than expected in September even as people say inflation troubles them. That said, private-sector wage growth slowed, suggesting that inflation has peaked or is close to doing so.
- The view: More rate rises may come as U.S., British, Australian and Norwegian central banks meet. Look for any changes in their policies of aggressive tightening, along with the October U.S. jobs report and euro-area inflation data.
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- How they did: Tech companies might have sustained a wipeout in their quarterly financial results, but you can't say the same for the oil business. Exxon Mobil, Chevron and others posted huge profits on rising energy costs, those very same costs that have left many of us with lighter and less valuable bank balances.
- What they'll do with the money: Make their investors happy. Chevron says they'll plow it into dividends, paying debt and fossil-fuel as well as clean-energy projects. Exxon says it will maintain its share buybacks and increase dividends.
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Before I forget… The U.S. Supreme Court is hearing three major race-related disputes this term. Behind them is a contested push for 'color blindness.' Highly recommended read, guaranteed to cause debates with family and friends. Qatar emptied apartment blocks housing thousands of foreign workers in the same areas in Doha where soccer fans will stay during the World Cup, the man who broke into House Speaker Nancy Pelosi's home and beat her husband with a hammer faces attempted-murder charges, fighting Haitian gangs is going to be pretty hard, and the U.S. said it hasn't changed its policy on North Korea's nuclear weapons, despite an administration official saying Washington would be willing to engage in arms-control talks with Pyongyang. |
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