The Week That’s Done: January 1

Happy new year – it’s still the same chaotic world: With COVID-19 ravaging China, testing controversy brews and Paxlovid becomes a luxury good. Plus the US job market holds on tight, Russia retaliates over the oil price cap, Japan snaps up global LNG supply, and plastics prices plummet.

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The Week That’s Done: December 11

China pivots on Zero COVID as the G7 price cap on Russian oil exports goes into effect. And that’s just one example of a new move to values-aligned trade blocs. Plus: The upward trajectory of lithium battery and tin prices, Russian coal exports, and Germany’s efforts to diversify away from China.

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The Week That’s Done: September 4

Water crisis in Jackson hammers home the national infrastructure plight. Plus: The yen continues to slide and global bonds enter bear market territory; Pakistan and Sri Lanka secure IMF loans while Russia wreaks energy market havoc (price cap be damned); new battery plants and chip export restrictions in the US suggest industrial policy at work – but is it working?