News Snapshot:
Asian stocks sank again on Friday after German inflation spiked higher, British Prime Minister Liz Truss defended a tax-cut plan that rattled investors and Chinese manufacturing weakened. Shanghai, Tokyo, Hong Kong and Sydney retreated. Oil prices edged lower. Wall Street's benchmark S and P 500 index fell 2.1 per cent on Thursday to its lowest level in almost two years after strong US jobs data reinforced expectations the Federal Reserve will stick to plans for more interest rate hikes. Investors increasingly worry the global economy might tip into recession following interest rate hikes by the Fed and central banks in...
