Adam Samson
15.6K posts
Adam Samson
@adamsamson
- Everything @elonmusk ever wanted to know about #bitcoin's growing energy problem but was afraid to ask. An excellent @FT Big Read by @katie_martin_fx and @naumanbilly. ft.com/content/1aecb2…
- Personal news: I started this week as @FT US executive news editor, based in New York. Excited to be back in NYC after eight years in London/Ankara. Buckling up for some extraordinary stories in coming weeks and months…
- Scoop - Washington dispatched its export control chief to Turkey to warn officials and executives that there will be "consequences" if the country does not curtail its exports to Russia of US military-linked hardware that is vital to Moscow’s war machine. on.ft.com/4dsGiXr
- I went down to Antalya in the Turkish Riviera this week to see how the tourism season is going. Turkey’s tourism income is running at the highest level since at least 2012 so I thought it would be super busy. But the picture is more complicated. A 🧵 (1/x)
- S&P cut Russia to junk as part of a flurry of ratings actions overnight that highlight the toll western sanctions are already taking on Moscow. Worth noting Ukraine was also cut by S&P/Fitch. ft.com/content/9690aa… w/ @TomStub
- Replying to @adamsamsonSome upbeat news: Italian town that recorded first death says it has no new cases via @MilesMJohnson
- The UK financial regulator has ordered Binance to cease regulated activities and imposed a series of stringent requirements in a rebuke of one of the world’s biggest cryptocurrency exchanges. Here's a 🧵. For more, read the @FT story: ft.com/content/8bc0e5… (1/x)
- Turkey spent almost $8bn in March-May trying to defend the lira, according to Goldman Sachs. “Given the falling FX reserves and the continuation of balance of payment pressures, we think the authorities’ ability to stabilise the lira in the medium term has weakened considerably.”
- Goldman on Turkey: Given the speed with which the TCMB has curtailed the growth of monetary aggregates, we think inflation will fall significantly faster than consensus expects, and we see end-year inflation at 30%, compared with consensus of 42.6%.
