Expected U.S. inflation data causes both U.S. and Asian equities to fall, with consumer prices rising at their fastest rate in 2 years. Chip maker Micron posts a weaker-than-expected forecast with continuing supply chain headwinds impacting sentiment. Elon Musk sells almost $7bn of Tesla shares in anticipation of the possibility he may be forced to complete the Twitter purchase. In the UK, ministers warn of possible power blackouts this winter and prepare for worst-case scenarios should energy prices continue to soar.   

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