Mohamed El Aassar retweeted
1/ Dan Wang’s NYT essay on TSMC's Arizona plant argues that TSMC is doing for America what Apple did for China. But the analogy rests on two assumptions and it's not clear that either one of them is holding.
nytimes.com/2026/10/23/opini…
Mohamed El Aassar retweeted
NEW
Britain’s missing sovereign wealth fund… Treasury officials have modelled that had the UK done what Norway did with North Sea revenues, there would be a £1 trillion fund…
As Chancellor sets up Energy Wealth Fund, a look at the long historical argument about where the oil windfall went, including from interviews with those who have run Norways $2.4 trillion fund, now the biggest in the world, filled from the proceeds of the same North Sea.
bbc.co.uk/news/articles/cm4g…
Effective Immediately, all organizations using PHP for their systems are advised to be prepared for an update addressing two critical vulnerabilities. PHP is widely used for web applications. These vulnerabilities often provide a direct path to the server's file system or database. If an immediate update is not feasible, it is recommend that organizations take the system offline until it can be fully mitigated. NSA will follow up shortly with more specific guidance.
Mohamed El Aassar retweeted
Netflix has lost about $135 billion in market value this year, with its shares down 25% and ranked among the Nasdaq 100’s 10 worst performers.
Bloomberg’s Felix Gillette reports bloom.bg/4jxKPgV
Mohamed El Aassar retweeted
Billions of pounds lost on a single project because we can’t connect it to the grid for half a decade and have destroyed our capacity to generate reliable electricity.
Exclusive: Microsoft cancels UK data centre deal with Nscale. Comes just as Nscale hopes to pull off a $35 billion IPO telegraph.co.uk/business/202…
Mohamed El Aassar retweeted
The damage for SpaceX is massive
"The European Union is working toward fast-track antitrust approval for a satellite joint venture between Leonardo SpA, Airbus SE, and Thales SA, which is positioned as Europe's response to SpaceX"
The actions of the 🇺🇸 US administration have consequences.
Recent reports from 4 sources confirm that both Elon and Trump supported the restrictions of Starshield, which confirms my earlier posts stating that SpaceX is involved and part of it.
The Telegraph on Oct. 16 reported that it was Musk who proposed the speed cap to Trump — and Trump "agreed," one source said.
That sounds very likely to what really had happened including Elons denial to have any responsibility (half true) and Trumps lie which is just one more of the many he spreads every day. finance.yahoo.com/economy/po…
Mohamed El Aassar retweeted
EXCLUSIVE: Elon Musk came to Donald Trump with the plan to throttle Ukraine’s use of SpaceX’s Starshield satellite internet network, sources have told the Telegraph.
The tech billionaire made the proposal during the US President’s row with Volodymyr Zelensky over strikes on Russian oil refineries.
‘The reality is that they were both in it,’ a senior source said of Musk’s and Trump’s involvement.
But after a night of carnage in Kyiv caused by the slowdown, Musk was alarmed about the possibility of adverse consumer reaction in Europe.
The SpaceX boss then proceeded to tweet, blaming the US administration, and ultimately, President Trump for authorising the slowdown.
‘He tweeted out that he was innocent and that it was the US administration that did it,’ the source said.
Mohamed El Aassar retweeted
Should Europe leave frontier AI to the Americans and the Chinese?
The idea has gained ground in Europe. It is a fundamental mistake.
Build or surrender: for now, the choice is still ours.
Full article below.
Mohamed El Aassar retweeted
There’s no shortage of demand for Gulf money:
Rebuild Gaza & Lebanon
Invest in Syria
Pay for regional waterway security
Buy trillions of dollars’ worth of US goods
One problem: The Iran war has probably wiped out almost two-thirds of the region’s investment pool this year
1/5
Mohamed El Aassar retweeted
If this deficit profile survives next year’s Spending Review, AND the 2024 manifesto tax pledges aren’t broken, then the UK government will deserve a lot of credit.
Replying to @TorstenBell
Second, something way too often missed by commentators: the UK is doing more than anyone else in G7 to strengthen our public finances. We are delivering the fastest fiscal consolidation in the G7 and forecast to have the smallest deficit in 2031
Mohamed El Aassar retweeted
Have you all seen Trump’s announcement of his SUPER PUTIN DEAL? Russia promises to immediately supply more than 300,000 tonnes of diesel to the market, including the US, followed by another 500,000 tonnes in November. Then come promises of EVEN BIGGER volumes. Because the deal has to be HUGE. At least in the post.
OFAC, of course, wasted no time issuing a temporary waiver until April 7 to accommodate the president’s latest “GENIUS” deal.
Except the BIG DEAL is not actually that big. More of a stage prop. Very Trump.
Let’s do the maths. Actual numbers. TERRIBLE, I know.
300,000 tonnes is roughly 2.2 million barrels of diesel.
500,000 tonnes is roughly 3.7 million barrels.
In September, Russia managed to export just 0.1 million barrels. Basically none, as there is export ban.
So Putin has already “sold” Trump a volume 22 TIMES larger than Russia’s entire September exports. Making promises is, of course, easier than rebuilding refineries after Ukrainian strikes. MUCH EASIER. SOME SAY THE EASIEST.
Meanwhile, Russia’s diesel export ban remains in force until October 31: the fuel is needed domestically, and Ukrainian drones have significantly reduced Russia’s ability to produce it. A VERY SUCCESSFUL phone call with Trump is unlikely to have fixed those problems.
Now for another comparison. Russia’s average monthly diesel exports last year were 18.3 million barrels. The promised deliveries amount to just 12% and 20% of that volume, respectively.
So we have a promise that Russia still needs to find a way to fulfil, given the state of its refineries. And even if delivered, it looks considerably less impressive than the presidential CAPS LOCK. Not quite THE GREATEST DEAL IN HISTORY.
The political logic is clear. The war with Iran and high fuel prices are a bad backdrop for the elections. One would hope politically FATAL, at this point. The administration desperately needs a story about how the president is about to FIX EVERYTHING. Preferably IMMEDIATELY. Preferably without explaining how we got here in the first place.
So perhaps the main product of this deal is not even diesel. It is another attempt to calm the market with a BIG, BEAUTIFUL ANNOUNCEMENT. Let’s see how much credibility these announcements still have.
Russia, of course, will sell this as a HUGE VICTORY. And why wouldn’t it? Promise diesel you still need to find somewhere, get a sanctions waiver UPFRONT. Plus another opportunity to tell the world that it simply CANNOT MANAGE WITHOUT RUSSIA.
But what worries me most is that this spectacle could weaken our European partners’ resolve. Trump’s latest “breakthrough” must not become an excuse to ease sanctions pressure on Russia — precisely when that pressure needs to INCREASE.
Of course, this decision will benefit Russia by generating additional revenues. We’ll be watching how much of its export capacity Russia actually manages to restore. One thing is CLEAR: Ukrainian strikes on Russian refineries need to INTENSIFY.
Mohamed El Aassar retweeted
🔴 ALERTE INFO
Nouveau coup de tonnerre pour la défense franco-allemande: le chef d'état-major des Armées annonce que "les Allemands ont décidé de quitter le projet" de char du futur
l.bfmtv.com/AudE
Huawei and Qualcomm have announced a multi-year, broad patent license agreement that includes cross licenses to the companies' patent portfolios across a range of fields, including 5G, compute, AI, and networking, together with Qualcomm's purchase of certain Huawei U.S. patents.
Mohamed El Aassar retweeted
Two years after works finally concluded on Old Street, shops inside the station are still empty.
We looked into why, and found an area that has lost its mojo. 🧵
Mohamed El Aassar retweeted
The dollar value of Korea's exports has basically doubled -- and the September Korean export numbers suggest that Korea's surplus still hasn't peaked. A little hard to believe, but clearly true.
Mohamed El Aassar retweeted
Well, the arithmetic is truly unpleasant for France with such high debt levels. With debt at 120% of GDP, and nominal GDP growth at 3%, an average borrowing cost of 4-4.5% would need a primary surplus of roughly 1.5% of GDP to keep debt/GDP constant.
Primary deficit is 3%.
Mohamed El Aassar retweeted
1/ Today we’re launching an open letter calling on the government to end unfair restrictions that stop Britain’s best switching jobs or starting companies.
UK AI companies that have raised $5bn agree: our best should be free to start and scale. 🧵
@downingstreet @biztradegovuk
Mohamed El Aassar retweeted
For 13 years, the UK has regulated alternative investment funds, including venture capital, with a view to protecting investors — without exceptions for strategy.
The result is that failure has become more costly, barriers to entry are higher, and failure no less common.
This is a systematic drag on the UK venture industry, which we would like to see corrected.
Consider the debut funds of many legendary firms, and how many were in the $5–10M "micro VC" range.
Indeed, @seedcamp's Fund I was just €2.5M, and their Fund II just €5.2M; they are now one of the most important early-stage firms in Europe.
That small initial scale is what allowed LPs to test their ability without putting too much at risk; the power of cheap experiments with huge upside. It also enables a broader distribution of capital; casting a wider net.
Today, micro VC is effectively prohibited in the UK, because of the cost imposed by regulation.
For example, admin and compliance would consume about 20% of a £5M fund, and about 11% of a £10M fund — versus 3.5–6% for a US equivalent.
This cost raises the hurdle for viable fund size, concentrating capital into fewer firms with a broadly lower risk appetite and weaker coverage. It is a structural leakage of value.
The ironic result of legislation intended to protect investors.
However, there is a solution:
The Exempt Reporting Adviser regime was desgined precisely to eliminate this burden in the US, and that ecosystem has since benefitted from a fertile market for small and emerging managers — broadly outperforming their established peers.
Applying a similar concept to the UK would be straightforward, essentially cost-free, and actually improve the regulator's view of the market.
This is the basic outline of our proposal, as a response to the current AIFM consultations.
We have prepared a policy document and an open letter, signed by organisations across the industry, including:
- @joinef
- @formventureshq
- @Mountside_V
- @Beauhurst
- @isomercapital
- @AntlerGlobal
- @seedcamp
- @MozillaVentures
- @joinsequel
- ...and many more.
If the UK is to meet the stated goal of "growth in every postcode", or growth in ANY postcode, it is vital that opportunities like this (sensible deregulation to boost growth) are seized.
Read more here: blog.joinodin.com/p/reformin…
Sign the letter: aifm.joinodin.com/




































