It was a tough year for almost every bank except JPMorgan. Dubai's property market is expecting a slowdown. An office building in Los Angeles sold for 52% less than its 2018 price. Iron ore prices have surged to the highest level since June 2022. Xiaomi has launched its first electric vehicle with ambitions to compete with Porsche and Tesla. European stocks continue to rally due to optimism about interest rates. Reliance aims to complete its AI transformation by 2024.
Israeli startup funding in Q4 2022 reached a five-year low. The Turkish lira and bonds have fallen due to inflation fears caused by a minimum wage hike. Russia is increasing its tank production for potential war. The global ESG debt market is expected to have slow growth due to high interest rates. London-based oil trader Mandara is closing down. Glitter is causing a microplastics problem
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