Newsletter May 10, 2022
Oil slips further on demand, financial market worries

Wall Street stock indexes fell on Monday and the dollar hit a two-decade high, making oil more expensive for holders of other currencies.

Asian stocks hit 2-year low on rate hike worries

Across Asia, share indexes were a sea of red. The Nikkei lost 0.9%, Australian shares shed 2.5% and Korean stocks lost 2%.

In government reset, UK's Johnson looks to Queen's speech to win back voters

Johnson and his government are keen to return the focus on what they call the "real issues" and turn the page on scandals.

Bitcoin falls below $30,000, lowest since July 2021

Bitcoin's value has more than halved since a November surge that saw the token hit a record of nearly $69,000.

New South Korean president seen facing early North Korea, inflation tests

Yoon formally assumed his duties at midnight on Monday with a bell-tolling ceremony at Bosingak Pavilion in downtown Seoul.

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