Connect with us

Business

Putin says no need for massive new strikes on Ukraine By Reuters

Published

on


© Reuters. FILE: Russian President Vladimir Putin delivers his annual New Year’s address in Moscow, Russia on December 31, 2021. Kremlin.ru/ via REUTERS

ASTANA (Reuters) – Russian President Vladimir Putin said on Friday there was no need to launch massive new strikes on Ukraine and that Russia was not seeking to destroy the country.

Putin told a news conference at the end of a summit in Kazakhstan that his call-up of Russian reservists would end in two weeks and there were no plans for further mobilization.

He also reiterated the Kremlin’s position that Russia was ready to hold talks, although he said it would need international mediation if Ukraine was willing to participate.

Advertisement

Taken together, Putin’s comments seemed to suggest a slight softening of his tone as the war neared the end of its eighth month, after weeks of Ukrainian advances and major Russian defeats. Wall Street stocks opened higher as traders interpreted it as easing geopolitical tensions.

But Putin – who said he would be willing to use nuclear weapons to defend Russia’s “territorial integrity” – also warned of a “global catastrophe” in the event of a direct clash between NATO forces and Russia.

He was speaking a week later when Russia launched its heaviest missile attacks on Kyiv and other Ukrainian cities since it began its invasion on February 24 – a measure Putin said was in retaliation for an attack that destroyed a unilaterally annexed Russian bridge. Crimea.

“We do not set ourselves the task of destroying Ukraine. No, of course not,” Putin said.

He said there was “no need to launch massive strikes” now that most of the targets identified had been hit.

Advertisement

The faltering Russian invasion confronted Putin with the deepest crisis of his 22 years as Russia’s principal leader, with even loyal Kremlin allies attacking the failures of his generals and the chaotic nature of the mobilization.

But he answered “no” when asked if he had any regrets, saying that not acting in Ukraine would have been worse.

“I want it to be clear: what is happening today is unpleasant, to put it mildly, but we will get the same a little later, only in worse circumstances for us, that’s it. So we act right and in a timely manner.”

Source link

Advertisement
Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published.

Business

MicroStrategy is at its lowest level since 2020 after the sales were revealed

Published

on

By

(Bloomberg) — Shares of MicroStrategy touched their lowest level since August 2020 after the enterprise software company, which in recent years has been known as the largest buyer of bitcoin, revealed its first sale of the token.

Most Read from Bloomberg

The stock fell 1.1 percent to $136.63 on Thursday, down 75 percent this year. Bitcoin rose less than 1% to around $16,590 and is believed to have fallen 64% since the start of the year.

Advertisement

In a filing on Wednesday, MicroStrategy said it acquired approximately 2,395 Bitcoin between the beginning of November and December 21 through its subsidiary MacroStrategy, and paid out approximately $42.8 million in cash. It then sold 704 of the tokens on Dec. 22 for a total of about $11.8 million, citing tax purposes, before buying another 810 of them two days later.

Matt Malley, chief market strategist for Miller Tabak + Co. Step down as CEO. This news means they don’t seem to want to do that anytime soon.”

Overall, MicroStrategy held about 132,500 bitcoins worth over $4 billion USD as of December 27th. The company paid an average purchase price of $30,397 per bitcoin.

“Given MicroStrategy’s $2.4 billion in leverage, we believe the company may have a lot of leverage over Bitcoin, and may face some liquidity risk,” Jefferies analyst Brent Thiel wrote in a note on Wednesday. Thill has an “underperform” rating on the stock and a price target of $110.

Over the years of the pandemic, MicroStrategy has become well known for its Bitcoin takeovers, largely led by Saylor. Earlier this year, Saylor stepped down from that role and now serves as CEO at the company and continues to lead its bitcoin strategy.

Advertisement

MicroStrategy was trading around $120 before Saylor first announced the company’s Bitcoin purchases in 2020. The stock reached an all-time high of $1,315 in February 2021.

(Updates to include the stock’s closing price in the second paragraph.)

Most Read by Bloomberg Businessweek

© Bloomberg LP 2022

Advertisement

Source link

Continue Reading

Business

Bankman-Fried May File Petition in New York Federal Court Next Week Before Judge Louis Kaplan By Cointelegraph

Published

on

By



Former FTX CEO Sam Bankman-Fried is set to appear in court on the afternoon of January 3 to enter a lawsuit over two counts of wire fraud and six counts of conspiracy against him related to the collapse of cryptocurrency exchange FTX, according to Reuters. mentioned on December 28, citing court records. Bankman-Fried will appear before District Judge Lewis Kaplan in Manhattan.

Judge Kaplan was appointed to hear the case on December 27 after the original judge in the case, Ronnie Abrams, Resigned herself because of connections between FTX and the law firm Davis Polk & Wardwell, where her husband is a partner. The company provided advisory services to FTX in 2021.