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Bloomberg
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24 hours of jumbo interest-rate hikes to cap year of soaring inflation
More than 50 central banks have gone for 75-bp increases, with over 275 rate hikes this year
 "24 hours of jumbo interest-rate hikes to cap year of soaring inflation")
Charting the global economy: Central banks to start pausing rate hikes
Global central banks are pausing or nearing the end of their interest-rate hiking cycles as inflation shows signs of slowing and recession concerns mount
 "Charting the global economy: Central banks to start pausing rate hikes")
$115 billion thematic ETF boom unhindered despite mounting losses
Year-to-date, 53% of thematic funds are underwater since their inception. Launches in 2022 have slowed to 38 from the 77 seen in the previous year, while closures have picked up to 20 from five
 "$115 billion thematic ETF boom unhindered despite mounting losses")
IMF, World Bank raise concerns over worsening global economic outlook
The IMF currently forecasts global growth will be 2.7% next year, slowing from 3.2% this year
 "IMF, World Bank raise concerns over worsening global economic outlook")
27,000 Vivo phones held by DRI over suspected violations released
The shipment, worth nearly $15 million, is unlikely to be exported as the packaging of many of the phones was damaged and the devices were switched on to check unique ID numbers, the people said
 "27,000 Vivo phones held by DRI over suspected violations released")
PM Modi to skip annual summit with Russia's Putin over Ukraine nuke threats
It would mark only the second time the leaders of India and Russia haven't met face to face since 2000, when the relationship was elevated to a strategic partnership
 "PM Modi to skip annual summit with Russia's Putin over Ukraine nuke threats")
Putin says Russia may cut its oil output in response to G-7 price cap
A decision on Moscow's response to EU price cap will be announced in a presidential decree within the next several days, says Putin
 "Putin says Russia may cut its oil output in response to G-7 price cap")
Tesla to suspend output at its China factory partly due to slowing demand
Consumer demand for cars in China has been dented by the country's still strict approach to Covid
 "Tesla to suspend output at its China factory partly due to slowing demand")
Chinese stocks to outperform global peers as curbs ease: Morgan Stanley
Average daily turnover for China's ChiNext Index and overall mainland-traded A-shares increased 25% and 19% respectively
 "Chinese stocks to outperform global peers as curbs ease: Morgan Stanley")
What to expect from Indian equity markets in 2023 as performance cools
While India has been a standout market this year, with the NSE Nifty 50 Index up above 7%, compared to an 18% slump in global stocks, it remains the most expensive in Asia
 "What to expect from Indian equity markets in 2023 as performance cools")
End of Covid Zero policy threatens to overwhelm China with infections
The world's most populous nation is rapidly abandoning the mass testing, lockdowns and centralized quarantine that defined the stringent, three year-old policy
 "End of Covid Zero policy threatens to overwhelm China with infections")
Elon Musk's spat with San Francisco could spur Twitter relocation
Elon Musk's first big conflict with the city of San Francisco could result in the company fleeing the city
 "Elon Musk's spat with San Francisco could spur Twitter relocation")
Walmart's payments startup PhonePe seeks to raise $1 billion: Report
The company is in talks with SoftBank Group Corp.'s Vision Fund, an investor in PhonePe's parent entity Flipkart, although Walmart will remain top investor, the people said
 "Walmart's payments startup PhonePe seeks to raise $1 billion: Report")
Net zero will radically change how we use and generate electricity
In BloombergNEF's baseline scenario, the Economic Transition Scenario, power consumption grows by about two-thirds between 2020 and 2050
 "Net zero will radically change how we use and generate electricity")
How world's oldest digital currency could solve climate change crisis
But what if there was an overlooked digital currency that could help to solve the climate crisis, rather than just doing less to exacerbate it?
 "How world's oldest digital currency could solve climate change crisis")
India unveils Rs 2.2 trillion plan to upgrade grid for clean power
The project will connect solar plants in the sun-drenched deserts of Rajasthan and Gujarat and wind farms in Tamil Nadu to the national network
 "India unveils Rs 2.2 trillion plan to upgrade grid for clean power")
Fifa World Cup fans on pace to spend record amounts at tournament venues
With 10 days to go until the end of the Fifa World Cup, fans have already spent more money than they did when Brazil hosted in 2014, and 89% of the value they spent at Russia in 2018
 "Fifa World Cup fans on pace to spend record amounts at tournament venues")
G-7 price ceiling on Russian oil not low enough to hit Kremlin's revenues
European officials touted the cap - negotiated last week after months of haggling among the US and its allies - as a way to starve Russia's war machine
 "G-7 price ceiling on Russian oil not low enough to hit Kremlin's revenues")
Power giant NTPC plans nuclear expansion as India chases climate goals
The state-run company aims to install 20 to 30 gigawatts of nuclear capacity by 2040
 "Power giant NTPC plans nuclear expansion as India chases climate goals")
Majority of China's population may contract Covid, warns health adviser
About 80 to 90% of the Chinese population may eventually be infected with the virus
 "Majority of China's population may contract Covid, warns health adviser")