Australia News Today: RBA Decision; Housing Downturn; China Rare Earths – Bloomberg

UK Power Market Faces First Winter Test on Cold Spell, Low Wind
Saudi Arabia Set to Deposit $5 Billion at Turkish Central Bank
ECB’s Nagel Urges ‘Robust’ December Hike and QT in Early 2023
UK at Bottom of G-7 Growth League for Next Two Years, OECD Says
Central Banks Must Stick to Hikes as Economy Slows, OECD Says
Dick’s Boosts Forecast After Sales, Earnings Beat Estimates
Volkswagen Sees China Sales Dropping on Covid Zero Policy Return
HyperloopTT Agrees to Merge With Ex-Disney Executives’ SPAC
Unilever May Launch Ice Cream From Cow-Free Dairy in a Year
Best Buy Jumps After Tempering Gloom With Boost to Outlook
Iran’s World Cup Loss Stirs Rebukes and Protests at Home
Eskom’s 2021 Loss Widens to Record $1.5 Billion After Adjustment
Fallen Billionaire Down 98% Boosts Stock Sales at Risky Moment
How Bad Will Housing Get? The Chill Gripping a Once-Hot Market Offers a Test
American Fans Give Up Thanksgiving to Travel to World Cup
World Cup Stunner: Saudi Arabia Beats Messi’s Argentina 2-1
The Country Without a Backup Plan for Russian Oil Sanctions
New Trump Special Prosecutor Isn’t the Mueller Sequel
Miami’s Crypto Bet May Fail, But It Was Worth the Gamble
US Is Focused on Regulating Private Equity Like Never Before
How to Make Your Company Accessible for Disabled Employees
Tech Layoffs Send H-1B Visa Holders Scrambling for New Jobs
Rent Crisis Leaves Brits Paying for Rooms With Household Work
Colorado Club Shooting Follows Rise in Anti-LGBTQ Rhetoric, Violence
A Dam Is Holding Back Net Zero’s ‘Wall of Capital’
Tesla’s Sinking Shares Leave Wall Street Analyst Targets in Dust
South America’s Resort for the Rich Seeks Year-Round Vibe
Berlin’s Beloved Transit Seat Design Escapes Legal Bind
NY’s First Legal Weed Sellers: Housing Works, People With Prior Convictions
After FTX’s Collapse, Is Bitcoin Still Heading Into an Ice Age? (Podcast)
Coinbase Hits Record Low as Crypto Contagion Anxiety Intensifies
What Does the Fall of FTX Mean for the Future of Crypto? (Podcast)

Good morning, it’s Ainsley here with a roundup of the top news to kick off RBA decision day. 

Today’s must-reads:
What’s a central bank to do? The RBA faces a tough task in deciding whether to persist with smaller interest-rate increases or U-turning back to outsized hikes to try to gain control of hotter-than-expected inflation.  Consensus is for the Reserve Bank to deliver a second straight quarter percentage-point rise today. But there are still some high-profile dissenters and doubters.


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