EU/UK diesel imports rise pre-sanctions ($BBG)
China braces for exit wave of infections ($WSJ)
China travel rises as quarantine controls end
G7/Vietnam deal on energy transition funds
India’s solar expansion mainly displaces gas
U.K. plans hydrogen-ready home heat ($FT)
Shanxi restarts coal mine production (trans.)
U.S. fusion experiment reaches milestone
U.S. SERVICE SECTOR prices rose at an annualised rate of 6.4% over the three months ending in November. Service sector output is more labour-intensive than manufacturing and prices tend to be more sticky. Services inflation has decelerated from 9.9% in the three months ending in June, but it is still three times faster than the central bank’s target of a little over 2%:

