Stories from Reuters
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Oil ticks higher on strong demand
Supplies remain tight owing to sanctions on Russian oil
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Germany risks recession as gas crisis deepens
Companies struggle to refill storage to avoid deeper trouble in winter
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German gas storage levels up slightly
Russia earlier this week limited supplies via the Nord Stream 1 pipeline to around 40% of its capacity
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GM hikes Hummer EV price by $6,250
EV maker Rivian Automotive Inc has also raised prices on its pickup trucks by 20%
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US economy has 40% chance of recession
US gross domestic product (GDP) growth to slow to almost zero by the second half of next year
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Sony, Honda to sell electric cars
JV, first announced in March and named Sony Honda Mobility
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Oil slumps 5% on recession concerns
US dollar also pressures crude prices as it hits highest level against basket of currencies
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Indian trains set ablaze in protests against military hiring changes
Modi's government announced an overhaul of the recruitment process aiming to bring in more people on short contracts
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Bitcoin sinks to fresh 18-month low
The world’s largest cryptocurrency fell as much as 7.8%
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US gasoline price tops $5 per gallon
Record fuel costs driving rising inflation, causing headache for President Biden