The main events by the morning: October 10

• Russia's economic growth will slow to 1.1% in 2025, economist Alexander Isakov predicts. According to him, three factors will affect this: a shortage of labor, high interest rates and a decrease in private investment.

• Hurricane Milton continues to devastate Florida. According to NBC, about 1.6 million people were left without electricity, more than 100 homes were destroyed, and at least two deaths were reported, according to the state's Office of Emergency Management.

• Donald Trump explained why he is not going to participate in the debate with Kamala Harris. In his opinion, such debates are «meaningless» because Harris continues Joe Biden's policy. Trump also noted that it is too late for a debate, since «voting has already begun.»

• Investors are dissatisfied with the additional taxes after the replacement of Eurobonds in the Russian Federation. Holders of sovereign Eurobonds fear the loss of tax benefits and an increase in the tax burden due to currency revaluation. The Association of Bondholders appealed to the Federation Council with a request to resolve this issue.

• Vladimir Putin signed a decree authorizing VTB to conduct transactions with shares of companies from unfriendly countries. Although previously the turnover of foreign assets in Russian banks was temporarily prohibited, VTB received an exception and can conduct such transactions.