Friday 12/08/22

In MACRO, OIL & ENERGY NEWS, Germany's problems worsen, western sanctions are having "limited impact" on Russian oil output and European electricity prices climb to new highs. In MANUFACTURING & ENGINEERING NEWS, US factory prices fall, Siemens has its first quarterly loss in 12 years, Britishvolt has problems and Rivian's losses almost triple. In EMPLOYMENT/COST-OF-LIVING NEWS, lockdowns hit the young, big companies raise wages and punters pull back on gambling. In MISCELLANEOUS NEWS, Hong Kong's population shows a record decline, Savills sounds a cautionary note, GSK faces trouble and Johnson & Johnson plans to withdraw baby powder completely. AND FINALLY, I bring you a ridiculous landing of a plane...


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