Economics

• China Moves to Stave Off Wider EU Trade War With Hybrid Deal
  With an agreement to curb exports of hybrid vehicles to the European Union, China is betting it can sidestep harsher restrictions from the 27-member bloc with a gesture that has little immediate prospect of reshaping the overall trade relationship.
• Bond Selloff May Mean Fewer Rate Hikes From Global Central Banks
  Bond markets are starting to do some of the lifting for central banks around the world by pushing up borrowing costs themselves, potentially reducing the number of benchmark interest-rate hikes needed to get inflation under control.
• US Bond Traders Await CPI, Warsh For Insight on Fed’s Rate Path
  Bond traders are looking to the latest consumer-price inflation figures and a planned appearance by Federal Reserve Chairman Kevin Warsh for insight into how quickly the central bank will continue raising interest rates.
• EU to Cap Chinese Hybrid Vehicle Imports at 350,000 Each Year
  The European Union will cap the import of Chinese hybrid vehicles at 350,000 cars per year, with the safeguard measure taking effect as soon as Dec. 1.
• Saudi Capital Airport Hit Again, Day After Attack That Killed 12
  Saudi Arabia’s main airport came under renewed attack, a day after a strike on the facility killed 12 people and heaped pressure on the Middle East’s biggest economy as it prepares to host major events that seek to boost foreign investment.
• Trump Says Russia and Ukraine Agreed to ‘Energy Ceasefire’
  President Donald Trump said Sunday that Russia and Ukraine had agreed to an “energy ceasefire” effective immediately.
• IEA Urges More Diesel Releases as Global Market Tightens
  The International Energy Agency urged members to speed up pledged diesel releases and consider supplying more as global markets tighten.
• How Data Centers Are Pushing Up US Power Costs
  Data centers have become a defining political issue in the run-up to the US midterm elections. The giant, windowless warehouses have drawn fierce backlash across the country as people worry about how much power and water they use, as well as the noise and heat they produce.
• SoftBank’s Next $100 Billion Underscores Ray Dalio’s AI Warning
  Skeptics of the artificial investment boom are doubling down. Billionaire Ray Dalio warned last week that the bubble was near its bursting point, while Michael Burry of the Big Short fame brought forward the timeline for his bearish thesis. SoftBank Group Corp. founder Masayoshi Son’s attempt to set up another $100 billion AI-focused venture capital fund will only give the doubters more ammunition.
• The Hottest Thing in Crypto Is Shaking Up Singapore
  A crypto bro seeking to reinvent finance from first principles? That is nothing new. Many in the blockchain world want to loosen Wall Street’s stranglehold on wealth creation. But when Hyperliquid Labs Chief Executive Jeff Yan spoke on that topic in Singapore last week, there was a catch. That morning, the Financial Times had run an article on how the Asian city-state was trying to distance itself from the new-age bourse and its most revolutionary offering: perpetual futures, or perps, which the
• The Economic Shock That’s Almost Too Hot to Handle
  To say that central banks dislike making policy based on extreme weather is an understatement. But they can’t duck the economic reverberations of the powerful El Niño that’s roiling Asia.
• Renault CEO Welcomes EU-China Deal on Hybrids as ‘Milestone’
  Renault SA says the European Union reached an initial “major milestone” with its deal to slow the onslaught of hybrid cars from China that will help foster a future for Europe’s automotive industry.
• Consumers Are Tapped and Wall Street Fears That’s a Rally Killer
  Americans have been relentlessly spending their paychecks despite rising prices, buying pickup trucks with diesel near record highs and steak dinners even as the cost of beef soars.
• Banque du Caire Offers 30% Stake in Egypt’s Second IPO of Month
  Banque du Caire will sell a 30% stake via Egypt’s stock exchange, a long-awaited state-asset sale that would also be the country’s second major initial public offering in a month.
• Why Sweden Is So Much Better Off Than Britain
  Visiting Sweden from Britain is like entering a Topsy-Turvy world. The country’s recent election unleashed anarchy in its parliament. Yet it is undaunted in addressing its most pressing problems. The UK government has enjoyed a substantial majority for two years. Yet it continues to dither and delay.
• Uber Retreats in Africa as Cost Comes Before Comfort and Safety
  Kayode Emmanuel was parked outside the biggest hotel in Nigeria’s capital, the Transcorp Hilton Abuja, waiting for ride requests on his Uber Technologies Inc. app. When none came, he did what many Nigerians do when faced with patchy internet: he toggled his phone’s airplane mode off and back on.