In MACRO, ENERGY & CRYPTO NEWS, the Fed hikes interest rates, the BoE looks likely to follow while inflation slows, Hunt considers more energy aid, Binance tries to reassure, more SBF dirt is uncovered, Hong Kong suffers crypto fallout and the FCA sticks the boot in. In NEWS ON THE ECONOMIC DOWNTURN, UK house prices weaken, restaurants and pubs restrict hours, insolvencies rise and rail unions stick to their guns. In CHINA NEWS, authorities stop counting asymptomatic Covid cases, Chinese insurers pull Covid cover and China has Arm problems. In INDIVIDUAL COMPANY NEWS, HSBC caves to pressure and Inditex reiterates its China commitment while TikTok targets kids with harmful content. AND FINALLY, I bring you some Christmas-themed cocktails...
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