Just when things were seeming well yesterday night with US markets surging 2-3%, News of an explosion killing 2 people in Poland , near Ukrainian border came out. Poland is a NATO nation and things can escalate if its found that the attack was done by Russia.
That situation might lead to more sanctions. But given the dependencies, US & NATO have on Russia, critical action might not be on cards.
- Major NATO countries like Germany are heavily dependent on Russian gas from the NORD stream pipeline.
- Any war might lead to a nuclear threat from both US & Russia. Which everyone is trying to avoid
- Given the high Inflation & high possibility of a recession, they would like to avoid a war (which is responsible for economic destruction)
So war-like situation might not be feasible for everyone. But who knows, what they will do.
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Things should probably calm after an official announcement on the situation
Civil war happnng in pkistan…will india take PoK
Why not entire pak?
Italy has approved a one-off 40% tax on profits banks reap from higher interest rates after reprimanding lenders for failing to reward deposits, in a surprise move that sent banking shares plunging across Europe.
Italy will tax 40% of to the NIM earned in 2022 or 2023 - depending on which sum is bigger - and above given thresholds for a yearly increase.
Countries such as Spain and Hungary have already imposed windfall taxes on the sector and others may now follow suit.
And I was talking about abolishing direct taxes. 
