The Week That’s Done: Weathering Europe’s energy crisis, Russia refuses rupees
December 2, 2023Europe weathered the acute shocks of the energy crisis, but more risks lurk. Meanwhile, markets aren't convinced by the OPEC cuts, Middle Eastern funds are flocking to Hong Kong, and Russia doesn’t want to take oil payments in rupees. Plus: bots in oil trading.
The Week That’s Done: October 9
October 9, 2022OPEC explicitly snubs Washington and the West, showing that productive beats consumptive power. Also not brilliant: US monetary tightening is cooling the economy, but in all the wrong places – and that ups recession risks. Plus: Maize malaise in Europe, the Mississippi’s dry spell, a US industrial policy stumble in lithium, and plunging global FX reserves.
