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These attacks have previously been condemned by global leaders and defense chiefs, who attribute the blame directly to Putin.

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Approximately 95 percent of the world's data is transmitted via over 500 cables that span the ocean floor. In recent months, these crucial links have been targeted in several attacks.

They added: "Subsea cable security must be a cornerstone of broader infrastructure protection efforts. By acting now, we can safeguard the networks that underpin our shared future." Meanwhile, Vladimir Putin threatens "worldwide blackouts" as NATO issues a chilling warning.

In their letter, they stated: "The repercussions of damage to subsea cables extend far beyond Europe, potentially affecting global internet and power infrastructure, international communications, financial transactions and critical services worldwide."

Executives from companies such as Vodafone, Orange, and Telefonica have penned an open letter to the UK, EU, and NATO, warning that Russia could easily destroy or disrupt the "defenseless" cables following a series of attacks.

NATO is concerned that the Kremlin could unleash a new weapon against the world, causing "worldwide blackouts" by sabotaging undersea cables with its "shadow fleet".

Data Bear 🏳️‍🌈 @dataandpolitics.net · 12/04/2025

Reposted by Fellanalysïs

Just dropped a new piece on my newsletter. Were the trades made before Trump’s April 9 tariff announcement luck or insider trading? I estimate the odds it was luck alone. 1 in 4,484. And the payout amount? Over 1 in 10 million. data-and-politics.ghost.io/3-500-return...

data-and-politics.ghost.io

3,500% Returns In 3 Hours: The Extreme Case of April 9, 2025

At 12:58 pm EST on April 9, 2025, someone placed perhaps the most perfectly-timed options bet in recent market history. Just 32 minutes before Trump's surprise tariff announcement, thousands of SPY ca...

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Reposted by Fellanalysïs

Prune60 @prune602.bsky.social · 12/04/2025

‼️ Russia: “Inflation in Russia in March amounted to 0.65%, annual inflation accelerated to 10.34%” Once again, “official” inflation is being manipulated. Actual inflation is likely much higher than that. www.interfax.ru/business/102...

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Reposted by Fellanalysïs

Justin Wolfers @justinwolfers.bsky.social · 11/04/2025

Economics might seem -- from the outside -- like it's about competition. But really it's about creating the miracle of cooperation, where folks from all around the world enrich your day in a million tiny ways. It's that beauty that I'm worried about losing.

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Reposted by Fellanalysïs

Bill Madden @maddenifico.bsky.social · 11/04/2025

This is what a real president looks like. 🙌🙏💪👏👊👇

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trade.ec.europa.eu/eu-footprint...

US-EU Trade and Investment Relationship at a glance

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“But the emphasis must be on modernising and reform, it cannot be preserving what we have today because there are too many difficulties,” she said. “I mean, never waste a good crisis.”

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Both the US and EU agree that the World Trade Organization rules have failed to ensure a level playing field as China subsidises some of its manufacturing output, flooding global markets. The trade war has now spurred discussions on “thinking how we can modernise, reform and stabilise the WTO”.

“[There is] the interest of so many countries around the world to work closer with us, together, to balance the system and to have free trade really competing on quality and not around tariffs,” von der Leyen said.

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Regardless of the outcome of negotiations with the US, Trump’s policies had radically reshaped global trade relations, von der Leyen said, and spurred talks between the EU and powers including Malaysia, Thailand, Philippines, Indonesia and the United Arab Emirates.

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Von der Leyen said she had made this point to Chinese Prime Minister Li Qiang in a call this week, and that he had replied that “this risk does not exist because they would stimulate the consumption in China”.

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Turning to the potential knock-on effect of a global trade war, von der Leyen said the EU “will not tolerate” Chinese goods hit by US tariffs being redirected to Europe, adding that Brussels would “take safeguards” if a new monitoring mechanism detected an increase in Chinese imports.

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As well as potentially targeting services trade, von der Leyen said Brussels was also considering moves such as a possible levy on scrap metal exports to the US, where EU supplies are in high demand from US steel mills.

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“Companies that offer services make a good business in this [EU] market. And the vast majority of the services, 80 per cent of the services are coming from the US. So again, we want a negotiated solution that is the best for us, all of us,” she said.

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In addition, von der Leyen said further countermeasures to Trump’s so-called reciprocal tariffs could target the US’s huge services surplus with the EU. The US president only counts goods in his trade figures, excluding US services exported to the rest of the world.

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If negotiations fail, the EU would automatically reactivate the retaliatory measures planned in response to US tariffs on steel and aluminium.

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Nor will the EU negotiate over VAT, which she said was equivalent to US sales tax: “These are not in the packages of negotiation because these are our sovereign decisions.”

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She ruled out revisiting the EU’s “untouchable” regulations on digital content and market power, which Trump officials see as an effective tax on US Big Tech firms.

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