Agriculture
Cocoa rules | Europe must work with other regions to prevent its proposed ethical supply-chain rules from becoming a burden for the local cocoa industry, according to Olam. That means less room for vessels shipping out corn and soybeans, the biggest US crops.
Currencies
The surging dollar is causing real problems for economies outside of the US. The British pound s Monday swan dive to a record low showed that traders were certain Chancellor Kwasi Kwarteng s mini-budget would be unsustainable. Government debt markets rallied while the dollar weakened. Inflation reached double digits in the euro zone for the first time, piling pressure on the European Central Bank.
Oil
Palm oil sourcing | Nestl has pledged to cut ties with an Indonesian palm oil supplier accused of land-rights abuses and environmental harm. Thomas Brostr m Shell s executive vice-president for renewable generation Speaking about the oil giant’s recent acquisition of Daystar Power, an off-grid services provider in West Africa. Bitcoin mining s climate impact is comparable to farming cattle or burning gasoline, according to a new study. Parmy OlsonThe oil market has a big Russian sanctions problem.
United States
Stocks gain US equity futures gained following another bruising session on Wall Street that took the S&P 500 to the lowest in almost two years. The US Senate passed a stopgap funding bill, sending it to the House on the eve of the deadline to avert a shutdown of most government agencies. As of 2020, there were 103.8 million passenger vehicles registered in the US, including commercial vehicles and taxis. Firstly, most new power generation planned in the US is renewable.
Fed s Daly says deep recession not needed to curb inflation.
Fed s Daly says deep recession not needed to curb inflation.
China
Bloomberg s editorial board India s internet bill is straight out of Beijing s playbook.
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