Year in Review – How Ukraine withstood Russia's assault

Plus, how the rising cost of climate change will challenge countries and companies

Hello! We're concluding our look back at 2022 with the stories that have dominated the news agenda - war in Ukraine, tumult in China, the abortion rights fight in the U.S., and the end of an era in Britain.   by Linda Noakes Year in Review Servicemen of the Ukrainian National Guard take positions in central Kyiv, February 25, 2022. REUTERS/Gleb Garanich How Ukraine withstood Russia's assault. Ukrainians astonished the world - and themselves - in 2022, withstanding an all-out attack by a superpower meant to crush them within days. Both sides face new challenges in 2023. Russia's retreats have left the front line far shorter and better fortified, making it harder for Ukraine to find new weak spots to repeat the breakthroughs that shifted the war's momentum in the autumn. But the brutal winter also brings advantages to Ukrainians defending their own country against conscripted reservists that Russia must feed and supply thousands of kilometers from home. China's Xi solidified his grip on power. Xi Jinping secured an historic third leadership term, emerging as China's most powerful ruler since Mao Zedong. It was a rare highlight for Xi in 2022, a tumultuous year capped by unprecedented street protests followed by the sudden reversal of his zero-COVID policy and coronavirus infections rampaging across the world's most populous country. U.S. abortion fight to focus on state laws and medication. Six months after the Supreme Court overturned its 1973 Roe v. Wade ruling, the state of abortion rights around the country remains unsettled, thanks to a patchwork of lawsuits in state courts and emergency court orders. The state-by-state fight will move into a new phase in 2023, potentially providing long-awaited certainty on some issues while opening new battlefronts on others. King Charles III's coronation comes amid growing tensions. The last year will go down as one of the most seismic in the history of the British royal family with the death of Queen Elizabeth months after she celebrated her record seventh decade as monarch, but 2023 could prove almost as momentous. Charles's brother Prince Andrew remains persona non grata, but most damaging of all is the rift with Charles's younger son Prince Harry and his wife Meghan. Rising cost of climate change will challenge countries and companies. In a year marked by yet more climate-linked floods, hurricanes and droughts, governments and companies were forced to look more closely at the financial risks and their exposure to liability. With the new year, court rooms will see more climate cases filed - focused both on challenging national governments to increase their policy ambitions and on holding corporations accountable for their emissions or deceptive practices. The top showbiz stories of 2022. From a shocking Oscars slap to a virtual ABBA taking to the stage, this year has seen a range of entertainment stories dominate headlines. We look back at some of the biggest moments. VIDEO: Stories that made us smile. From Brazil's furriest police corporal to a kebab almost reaching space, here are some of the lighter stories you might have missed this year.   Slideshow: One country, one picture, one year Each country that Reuters covered in 2022, captured in just one image. Breakingviews Prediction Tough times mean tough decisions. In recent years more shoppers have forked out for organic and plant-based food. But persistent inflation and skimpier incomes will make it a tough year for conscious consumers and the companies that serve them, predicts columnist Oliver Taslic. Read his take on why conscious consumerism will be left on the shelf. A 2022 Reuters Special Report Max Lazzara poses for a portrait at Gas Works Park in Seattle, Washington, December 14, 2022. REUTERS/Matt Mills McKnight  Why detransitioners are crucial to the science of gender care. Understanding the reasons some transgender people quit treatment is key to improving it, especially for the rising number of minors seeking to medically transition, experts say. But for many researchers, detransitioning and regret have long been untouchable subjects. We think you may like this: Reuters Auto File From Shanghai to Detroit to Munich, Joe White takes the fast-paced world of automotive technology, mobility and transportation news and makes sense of it in one, quick, engaging email three times a week. Subscribe Sponsors are not involved in the creation of newsletters or other Reuters news content. Reuters Daily Briefing is sent 5 days a week. Think your friend or colleague should know about us? Forward this newsletter to them. They can also sign up here. To manage which newsletters you're signed up for, click here. Want to stop receiving this email? Unsubscribe here. Follow Reuters on social media Reuters Terms & Conditions and Privacy Statement   © 2022 Thomson Reuters. All rights reserved. 3 Times Square, New York, NY 10036

Year in Review – How 2022 rocked and rolled global markets

Plus, who will determine the future of work?

Hello! It's been a wild ride for investors in 2022. So what's in store in 2023?   by Linda Noakes   (A test version of the Daily Briefing was inadvertently sent out to subscribers yesterday. Please accept our apologies.) Year in Review A trader works on the floor of the New York Stock Exchange, December 9, 2022. REUTERS/Brendan McDermid  How 2022 rocked and rolled global markets. Trillions of dollars wiped off world stocks, bond market tantrums, whip-sawing currencies and the collapse of a few crypto empires - 2022 has been perhaps the most turbulent year investors have ever seen. U.S. stock investors face recession fears. The U.S. market's pain may be far from over, as investors brace for an expected recession in 2023. While inflation is yet to be tamed, Wall Street's focus is shifting to the potential consequence of the Fed's rate hikes. Indian stocks top Asian markets. In a year when India took advantage of a structural shift in supply chains from China, forecasts of robust economic growth are set to keep stocks on a firm footing. Next year's optimism for India is driven by strong corporate earnings, a post-pandemic retail boom and an economy set to grow by 6% in the next fiscal year. The pace of new sustainable business rules will not let up. The past year was the busiest ever for climate and sustainability rulemaking, as policymakers tightened the net around flaky or fraudulent corporate behavior. ESG rules will fast become mandatory rather than optional in 2023. Will remote workers return to the office? The coming year could determine who ends up having the upper hand in determining what work looks like in the future. Labor shortages have given workers more say; a recession might take some of that away. Electric vehicle production set to surge. Starting next year a wave of new electric vehicles from pickup trucks to middle market SUVs and sedans will hit the world's major markets. But automakers could be stuck with too many niche models and too much capacity. VIDEO: A year of record-breaking auction hauls. From Microsoft co-founder Paul Allen's art collection selling for $1.5 billion, to the auction of Andy Warhol's iconic Marilyn Monroe painting, here is a look at some of 2022's record-breaking sales in the art world. Pictures of the year: Environment A man catches a fish in a flooded street in Imperatriz, Maranhao state, Brazil, January 6, 2022. REUTERS/Ueslei Marcelino Breakingviews Prediction As big marketers tighten the purse strings in 2023, Meta Platforms will become less of a cash machine. This will encourage founder and chief Mark Zuckerberg to pluck his pet project, the metaverse, away from the rest of the business, says columnist Lauren Silva Laughlin. Read her take on why Meta is a tale of two companies. A 2022 Reuters Special Report A Texas Instruments chip, dated 1988, is seen on the circuit board of a Russian 9M727 missile. The missile was recovered from the battlefield in Ukraine. REUTERS/Valentyn Ogirenko The supply chain that keeps tech flowing to Russia. A joint investigation by Reuters and the Royal United Services Institute, a London-based defense think tank, details for the first time the global supply chain that continues to feed Russia with Western computer components and other electronics. We think you may like this: Reuters Power Up Everything you need to know about the global energy industry and the forces driving the transition to renewable fuels. Subscribe Sponsors are not involved in the creation of newsletters or other Reuters news content. Reuters Daily Briefing is sent 5 days a week. Think your friend or colleague should know about us? Forward this newsletter to them. They can also sign up here. To manage which newsletters you're signed up for, click here. Want to stop receiving this email? Unsubscribe here. Follow Reuters on social media Reuters Terms & Conditions and Privacy Statement   © 2022 Thomson Reuters. All rights reserved. 3 Times Square, New York, NY 10036