Bloomberg Fumio Kishida’s first speech to parliament as Japan’s 100th prime minister was an impassioned performance compared to his staid predecessor, but it did little to relieve investor concerns that his talk of redistribution and higher taxes are bad news for stocks. Kishida’s “new form of Japanese capitalism” made up the bulk of his speech, in which he repeated campaign …

Bloomberg US crude futures topped $80 a barrel for the first time since November 2014 as a global energy crisis boosts demand at a time when Opec+ producers are keeping supplies tight. Futures in New York rise 1.3%, popping above the key, psychological level before pulling back. This week brought many indications that supplies will remain constrained: Saudi Aramco said …

Bloomberg US Trade Representative Katherine Tai and Chinese Vice Premier Liu He met virtually to discuss trade issues between the US and China. They agreed “that the two sides would consult on certain outstanding issues,” according to a White House account of the meeting. “In addition, Ambassador Tai emphasized US concerns relating to China’s state-led, non-market policies and practices that …