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JPMorgan boots Russian debt from widely tracked bond indices

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JPMorgan boots Russian debt from widely tracked bond indices

JPMorgan Chase introduced it’ll take away Russian debt from its widely-used bond indices within the newest transfer to exclude the nation from the worldwide monetary system since Vladimir Putin went to struggle with Ukraine.

The financial institution will pull Russian sovereign and company bonds from all of its fixed-income indices efficient March 31 following comparable bulletins from index suppliers together with MSCI, S&P Dow Jones Indices and FTSE Russell.

The imposition of sanctions on Russia has rendered its debt illiquid and nearly uninvestable, and has pushed lots of its bonds in the direction of default.

Critically, the choice will exclude Russian bonds from JPMorgan’s “laborious forex” company and sovereign indices in addition to its index for debt in rising market currencies. JPMorgan’s rising markets indices are among the many most carefully adopted by traders within the fixed-income asset class and function an trade benchmark.

Russian and Belarusian debt will even be excluded from its rising market indices that comply with environmental, social and governance (ESG) standards.

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Pramol Dhawan, the pinnacle of rising market portfolio administration at Pimco, mentioned he had anticipated Russia to be excluded as a result of it “doesn’t meet the tradability or liquidity standards that the index has”.

Russia makes up 0.83 per cent of the JPMorgan Rising Markets Bond Index, which is tracked by about $415bn in property. The exclusion itself is unlikely to impact the worth of the index. PricingDirect, a service which costs JPMorgan’s indices, has been steadily decreasing the worth of Russia’s bonds.

Traders have been alerted to the potential exclusion final weekend when JPMorgan despatched a SurveyMonkey hyperlink to solicit investor suggestions because it debated eradicating Russian debt, mentioned folks acquainted with the method.

That suggestions course of is widespread, as index suppliers are loath to create unintended shocks to the various funding funds that straight monitor their benchmarks, but it surely often takes months. Earlier this month, JPMorgan had positioned the Russian bonds in its indices underneath assessment for potential exclusion.

Russia is unlikely to have the ability to rejoin these indices within the close to future, even within the occasion of a ceasefire and removing of sanctions, the folks acquainted with the method mentioned. When the US authorities positioned sanctions on Venezuela, JPMorgan in 2019 minimize the nation’s weight within the indices to zero, however in contrast to Russia, didn’t totally exclude it.

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“This can be a extreme restriction to take away it from indices,” Dhawan mentioned. “The trail to getting again in is extremely lengthy and slim.”

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Read Blake Lively’s Complaint Against Wayfarer Studios

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Read Blake Lively’s Complaint Against Wayfarer Studios

187. The significant spike in the volume of negative sentiments toward Ms. Lively,
included notable spikes on approximately August 8 and 14, 2024, and continued to trend mostly negative
Net Volume of Positive and Negative Mentions of Blake Lively
June 14, 2024 – December 19, 2024
2
3
for the remainder of 2024:
4
5
4,000
2,000
6
0
7
-2,000
-4,000
8
-6,000
-8,000
10,000
10
12,000
11
12
5/Jul/24
14/Jun/24
21/Jun/24
28/Jun/24
12/Jul/24
188.
13
14
August 10, 2024.
189.
15
19/Jul/24
26/Jul/24
2/Aug/24
T
9/Aug/24
16/Aug/24
23/Aug/24
6/Sep/24
30/Aug/24
13/Sep/24
20/Sep/24
27/Sep/24
4/Oct/24
11/Oct/24
18/Oct/24
25/Oct/24
1/Nov/24
8/Nov/24
15/Nov/24
22/Nov/24
29/Nov/24
6/Dec/24
13/Dec/24
Indeed, as noted above, TAG itself noted a shift due to their efforts as early as
16
As of that date, the sentiment towards Ms. Lively turned toxic, with a sudden
increase in negative comments including hypersexual content and calls for Ms. Lively to “go fuck”
17 herself.55
18
19
20
20
190. Nearly decade-old interviews of Ms. Lively were surfaced, commenting on her
tone, her posture, her diction, her language. 5
56
21
22
23
24
24
25
26
27
28
55 @pocketsara, X post, https://x.com/pocketsara/status/1824146308707291152, (Aug. 15, 2024) (“Blake Lively is a cunt”)
@imtotallynotmol, X, Aug. 15, 2024 (“You’re a piece of shit, genuinely go fuck yourself”); FluffyPinkUnicorn VII, Reddit
post, https://www.reddit.com/r/DListedCommunity/comments/1escnuy/blake_lively_getting_criticized_over_press_tour/,
(Aug. 14, 2024) (“Bottled blonde + long legs + fake tits – (brains, judgement, & humility) = Blake Lively”); KettlebellFetish
Reddit
post,
(Aug.
https://www.reddit.com/r/DListed Community/comments/1escnuy/blake_lively_getting_criticized_over_press_tour/,
14, 2024) (“Even with the nose job, she’s such a butterface, great body, hair, but odd face and that body would be so easy to
dress, just a dream body, and nothing fits right, odd clashing colors, just tacky.”); Creative_Ad9660, Reddit_post,
https://www.reddit.com/r/DListed Community/comments/1escnuy/blake_lively_getting_criticized_over_press_tour/, (Aug.
15, 2024) (“Boobs Legsly”); @chick36351, X post, (Aug. 16, 2024) (“Well Blake I a bitch.. She always has been, nice to see
people realize it now… Also WAY too much plastic surgery..”); @Martin275227838, X post,
https://x.com/LizCrokin/status/1824618500431724917, (Aug. 17, 2024) (“@blakelively is a pedophile supporting bully . . .”);
@ZuperGoose, X post, (Aug. 17, 2024) (“Liz tag the bitch @blakelively Blake = pedo”); @myopinionmyfact, X post, (Aug.
22, 2024) (“…@blakelively YOU ARE SUCH A BITCH! What a horrible rude bitch you are. I cannot believe somebody
fucked u, made a kid with u, married u and now has to be stuck with your bitch ass. OMG LMAO I would run!”).
56 Beth Shilliday, Blake Lively Taking a Social Media Break After Being Labeled a ‘Mean Girl’ Amid ‘It Ends With Us’
Backlash, Yahoo Entertainment (Sept. 5, 2024, 8:04) https://www.yahoo.com/entertainment/blake-lively-taking-social-media-
57

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WhatsApp wins legal victory against NSO Group in Pegasus hacking case

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WhatsApp wins legal victory against NSO Group in Pegasus hacking case

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WhatsApp has prevailed against Israeli spyware maker NSO Group in a US lawsuit over NSO’s abuse of the messaging app to enable the infiltration of the phones of journalists, activists and dissidents with its Pegasus hacking tool. 

A judge in the Northern District of California ruled on Friday that NSO breached hacking laws and the terms of its service agreement with WhatsApp by using the messaging platform to inject more than 1,000 devices with its Pegasus spyware. 

The ruling in the civil case did not address the rights of the individuals whose phones had been hacked, but it hands a victory to technology groups seeking to prevent their platforms from being abused by groups targeting their users.

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It is also a win for Apple, Amazon and other tech giants that supported WhatsApp’s case. 

“The court finds no merit in the arguments raised” by NSO Group, judge Phyllis Hamilton ruled. The summary judgment means an upcoming trial will cover only the question of damages, rather than whether NSO can be held liable for its actions.

“After five years of litigation, we’re grateful for today’s decision,” WhatsApp said. “NSO can no longer avoid accountability for their unlawful attacks on WhatsApp, journalists, human rights activists and civil society.” 

NSO Group did not immediately respond to a request for comment. 

Pegasus can read encrypted messages stored on a phone, turn on its camera and microphone remotely and track its location. Its use has been tied to human rights abuses and the US Department of Commerce has blacklisted the Israeli company. 

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The legal case was launched after a 2019 Financial Times report that coincided with WhatsApp’s discovery that its services had been hacked by NSO and Pegasus. 

The ruling said NSO Group did not dispute that it “must have reverse-engineered and/or decompiled the WhatsApp software” in order to hack phones, but had raised the possibility that it did so before agreeing to WhatsApp’s terms of service. 

However, the judge found, “common sense dictates that [NSO] must have first gained access” to the WhatsApp software and NSO had offered “no plausible explanation” for how it could have done so without agreeing to the terms of service. It ruled in favour of WhatsApp’s claim that NSO had violated federal and state hacking laws. 

The judge also found that NSO had “repeatedly failed to produce relevant discovery”, including in relation to the Pegasus source code.

“This sets a precedent that will be cited for years to come,” said John Scott-Railton, a researcher at the University of Toronto’s Citizen Lab who has investigated the use of Pegasus. 

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“This is the most-watched case about mercenary spyware and everyone is going to take note. I predict this will have a chilling effect on other shady spyware companies’ efforts to enter the US market, and investors’ interest in backing their hacking,” he said.

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Video shows scene outside mall after man drives car through store striking customers | CNN

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Video shows scene outside mall after man drives car through store striking customers | CNN

Video shows scene outside mall after man drives car through store striking customers

Texas Department of Safety Sgt. Bryan Washko says a man drove into a Texas mall after a 19-mile police pursuit, striking four people before he was fatally shot by responding law enforcement officers.

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