🗒️Weekly Digest 08/17~24: Adam Neumann's 2nd Act, Food Prices Tumbling, & Energy Crisis Heating
Usain Bolt Wants to Trademark his Victory Pose
Hi there, this is our weekly digest edition (shared every Wednesday).
It shares news & charts to shine more light on the current state of inflation worldwide. And generally, things that I found interesting.
Bullet points:
Energy Crisis
Xi Jinping will meet Saudi MBS for his first diplomatic trip since the pandemic.
China to send troops to Russia for joint week-long military drills
Why the Russian economy keeps beating expectations, Rubles at all-time highs, and Russia with high current account balances? What is really happening to Russia?
Food Crisis
Other Current Affairs
Business
Saudi Aramco’s net profits are larger than Meta, Apple, Microsoft, and Tesla combined.
Popular Manga App Seeks 2023 IPO in Tokyo at $6 Billion Value. Why Tokyo? And it is one of the largest IPOs in this downturn. So let’s see what happens.
Some Fun
Singapore will be the place with the most % of millionaires by 2030, surpassing the US.
Japan’s Bid to Get Young to Drink More Meets Online Backlash
Inflation Triggers Fried-Chicken Price War in South Korea. I hope this isn’t a worldwide phenomenon
➤If you don’t have a Medium account, sign up here. You can read articles for 17cents a day, and it will be great help for me.
Charts/Snapshots
(Original sources/authors are all in the graphs: Financial Times, Chartr, Bloomberg)
Inflation is highest in Latin America, Eastern Europe, and South Asia. However, China and Japan seem to be cooling off.
Energy Prices are leading CPI.
Largest profits, EVER for any company. It’s unfathomable.
WeCrashed is a great show if you haven’t watched it.
China’s housing market has declined for the first time since 2015.
And US Housing markets slowing down, too
European gas prices are back to all-time highs.