In today’s Recap, Marcello talks about how October is on track to be the worst month to date for digital assets that have been stolen through hacking; Another significant communication cable has been cut in France, affecting thousands of users around the world; According to the IMF, the use of CBDC would let governments control what people spend money on.
Liz Truss has become the shortest-serving U.K. Prime Minister & the 1st since Winston Churchill to serve 2 monarchs when she resigned on Thursday, after just 45 days in power. Truss saw her leadership flounder after the introduction of her mini-budget, calling for big spending to help with the surge in cost of living, while at the same time proposing a number of big tax cuts. She will remain Prime Minister until a successor is chosen, but will go on record as the shortest-serving premier in the 300-year history of the office.
Canada’s Prime Minister Trudeau placed a nationwide freeze on the sale, purchase & transfer of handguns, on Friday effective immediately. The freeze is the latest in an ongoing battle among Canadian lawmakers over gun control measures.
On Thursday, the European Space Agency announced it will use SpaceX’s Falcon 9 rockets to launch 2 scientific missions because of delays to its own Ariane 6 rocket and the & cancellation of flights on Russia’s Soyuz launchers. The ESA’s space telescope Euclid had been planned to launch next year on a Soyuz rocket, but in February Russia pulled out in response to European sanctions over the Russian war in Ukraine.
Exxon Mobil Corp said it left Russia completely after President Putin expropriated its properties following 7 months of discussions over an orderly transfer of its 30% stake in a major oil project. Exxon didn’t say if it received any compensation for the assets, which it had valued at over $4B. An Exxon spokesperson declined to comment on whether it will proceed to contest the seizure through an international arbitration process.
The state of Arizona is refusing the federal government’s demand to take down double-stacked shipping containers it placed to fill gaps in the wall along the U.S.-Mexico border; U.S. home building fell more than expected in September; Japan will impose additional sanctions against North Korea by freezing assets of groups involved in the development of missiles.