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Japanese shoppers are driving up luxury jewelry sales to a record as consumers seek a safe haven from inflation and the weakening yen.

Once the world’s third-largest cocoa producer, Indonesia is seeking to revive cocoa production after years of underinvestment, aging trees and pests left the industry short of beans and increasingly dependent on imports.

Japan’s 40-year government bond yield led gains across maturities, underscoring concerns that the nation’s central bank isn’t tightening policy fast enough to quell inflation.

A Greek tanker carrying Saudi crude exited the Red Sea with its transponder off, while another Chinese vessel headed toward Bab el-Mandeb as Houthi attacks heightened risks for commercial shipping.

Chinese buyers are snapping up Russia’s flagship ESPO crude weeks earlier than usual, as heightened risks to Middle East oil flows prompt refiners to secure supplies before they’re needed.

UK pub stocks slumped this week as a sales boost from the World Cup failed to offset the drag from a brutal heat wave and higher costs.

Mark Gurman on the state of play.