Newsletter Apr 28, 2022
Oil edges lower as mass COVID testing begins in China

Authorities in Beijing are continuing to crack down on COVID-19 outbreaks
Dollar nears two-decade peaks as problems plague euro, yen

The euro was pinned at $1.0553, having hit a five-year low of $1.0515 on Wednesday
Ukraine war, inflation drives Q1 jump in gold demand, WGC says

Spot gold prices rallied to $2,069.89 an ounce last month, a whisker away from a record peak touched in 2020
Samsung Electronics Q1 operating profit jumps 51% on solid chip demand

Revenue rose 19% to a record 77.8 trillion won.
UK finance minister Sunak cleared of ethics breach

A political storm erupted after it was leaked that Sunak's wealthy Indian wife has benefited from "non-domicile" tax status in the UK
Under-fire US immigration chief unveils border plan as crisis worsens

US Customs and Border Protection says it encountered 7,800 undocumented migrants a day along the southwest border in the past three weeks
Meta shares soar as Facebook records stronger-than-expected daily user growth

In its latest results, Meta forecast second-quarter revenue between $28 billion and $30 billion
Musk's criticism of Twitter staff triggers backlash

Twitter's efforts to deal with harassment, misogyny and misinformation might take a backward step under Musk.

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