Yo,
welcome to the newsletter where we'll make you rich in knowledge, not actual wealth.
🕋 1. Roughly 1.5 million people journey to Mecca in Saudi Arabia as the annual Hajj pilgrimage begins.
🇷🇺 2. Russia halts FX trading.
💰 3. UK retailers filed a $1.3 bln class action lawsuit against Amazon for undercutting third-party sellers with cheaper versions of popular products.
⌨️ 4. Wells Fargo fired 12+ employees for using devices to simulate keyboard and mouse activity instead of working.
💵 5. G7 leaders agreed to lend Ukraine $50 billion using the interest on $300 billion in frozen Russian assets.
'Risk management' means preparing to blame the unexpected on predictable events.
Slllaaaayyy,
Briefdose
PS. The 73,000 fans at Taylor Swift’s Edinburgh concert caused seismic activity with their dancing. It is estimated that Swift’s concerts will add $1.2 bln to the UK economy during her 17-show tour.