Morning bird: Stocks in the USA sharply weakened, Nasdaq and S&P 500 fell the most since September 2022. Musk's X network is a target of cyber attacks
Aggressive threats of global trade barriers and duties led to an unprecedented decline of the index, which includes the stocks of thirty leading American companies, yesterday. Due to this, this indicator experienced the largest drop in the last three years. More than 40 thousand users of X network did not have access to the platform. Hostile attacks were to blame.
American stocks are falling due to imposed tariffs
Stocks in the United States have once again sharply weakened. The tech Nasdaq index and the broader S&P 500 index are experiencing their largest single-day decline since September 2022. Investors are concerned that trade tariffs will trigger a recession. The US dollar weakened against the Japanese yen and Swiss franc. Stocks of electric vehicle manufacturer Tesla lost over 15 percent. Over the last three months, they have lost about half of their market value. The remaining stocks from the so-called magnificent seven also headed significantly downwards. Of these, Nvidia, Apple, Google and Meta lost between four and five percent, according to the website Ceskenoviny.cz.
Elon Musk claims that his X network is the target of a "massive cyberattack"
Several hours after the X network was unavailable to thousands of users due to outages, Elon Musk stated that the platform was the target of a "massive cyberattack".
"Every day we are being attacked, it was done with a large number of resources. Either a large group of people or a country is involved,"
Musk stated.
More than 40,000 users, according to tracking website Downdetector.com, reported they did not have access to the platform. The outage lasted at least one hour, informed agency AP.
Former Philippine president Rodrigo Duterte has been arrested
The Philippines have arrested former country leader Rodrigo Duterte after receiving a request from the International Criminal Court, which is investigating allegations of "crimes against humanity" committed during his presidency. According to the Philippine government, which received the request, Duterte was taken into custody on Tuesday at the Manila airport upon arrival from Hong Kong. The charges of "crimes against humanity" are tied to Duterte's brutal drug crackdown. The so-called "drug war" deprived suspects of their "due process under law" and resulted in the deaths of thousands of people, including children, stated Al Jazeera.
NATO supports Bosnia following separatist steps in the Serbian region
NATO Secretary General Mark Rutte pledged "unwavering" support from the military alliance to the federal government of Bosnia and Herzegovina, following a series of separatist initiatives initiated by Bosnian Serbs. This came shortly after Bosnian Serb lawmakers passed legislation prohibiting federal judicial authorities and police from operating in the autonomous territory of the Republika Srpska. The NATO chief said any steps that undermine the Dayton Agreement, which ended the war in the country in 1992-1995, are "unacceptable". He warned that "outrageous rhetoric and actions" pose a direct threat to the "stability and security of Bosnia", according to Al Jazeera.
Sources: Ceskenoviny.cz, AP, Al Jazeera
