. FINANCIAL TIMES (UK)
The threat of a global ‘buying strike’ rises as cost-of-living hits
History shows that consumers cutting back on discretionary spending pose a serious risk for markets
. RTT NEWS (USA)
Interest Rate Outlook Extends Sell-off In Asian Markets
Asian stock markets are a sea of red on Monday, following the broadly negative cues from Wall Street on Friday, extending the sell-off amid rising prospects of sharper interest rate hikes by the US Federal Reserve
. MINT (INDIA)
Sensex tanks 600 pts as metal, FMCG stocks bleed; Tata Steel, HUL top losers
Indian share markets plunge at open. The BSE Sensex is down 593 points, while the Nifty is trading lower by 197 points
. CNBC (USA)
European markets are set to fall at the open
European stocks are expected to open sharply lower on Monday as the sell-off in global markets continues into the new trading week.
. THE RIO TIMES (BRAZIL)
Why Chile’s copper mines report production declines
The companies attribute the decline to the water crisis, lower grades, staff reductions due to Covid-19 and supply chain disruptions.
. NIKKEI ASIA (JAPAN)
Mongolian entrepreneurs exploit cheap wool for new products
Mongolia is a leading player in the global market for wool — for cashmere from goats that is.
. REUTERS (UK)
Oil slides as Shanghai lockdowns stoke demand fears
Oil slumped to the lowest in almost two weeks on Monday, extending last week’s decline as concern grew that prolonged Covid-19 lockdowns in Shanghai and potential increases to U.S. interest rates would hurt global growth and oil demand.
Gold falls to 4-week low amid rate hike jitters, robust dollar
Gold prices slipped to their lowest in four weeks on Monday as prospects of aggressive policy tightening by the U.S. Federal Reserve and a stronger dollar dented the precious metal’s appeal.
. NY TIMES (USA)
Elon Musk Is Nearing a Deal to Buy Twitter
Twitter’s board was negotiating with Mr. Musk into Monday over his unsolicited bid to buy the company, after he began lining up $46.5 billion in financing for the offer last week