The increase in credit card debt is the biggest in decades, but let’s look beyond. For the Economic Pulse, we speak to the founder of a nonprofit that helps Black business owners get established in the Mississippi Delta.

From the BBC World Service: A key oil pipeline supplying European countries was taken offline after a missile landed near Poland’s border with Ukraine. How significant is the Druzhba pipeline for Europe’s energy infrastructure? Plus, Wednesday marks a “new age” for the European Union as landmark legislation called the Digital Services Act, or DSA, comes into effect.

The fines come following all the drama about flight delays and cancellations. Drew Matus of Metlife checks in with us regarding today’s market activity. The global pandemic ushered in another level of online shopping, which spelled doom for many malls across the nation – but one mall in Portland has adapted.

The tech giant has to pay millions to settle a lawsuit over how it has been collecting user data. The BBC reports on how frustration over COVID restrictions are starting to boil over in China. The Economist’s climate innovation editor checks in from the – where else – COP27 climate summit in Egypt.

From the BBC World Service: Nine rich countries have pledged at least $20 billion to enable coal-dependent Indonesia to reach carbon neutrality by 2050. Residents in the Chinese city of Guangzhou have escaped a coronavirus lockdown and clashed with police. And according to the U.N., the global population is expected to hit 8 billion today.

Now there’s news of a possible hack at the cryptocurrency exchange. Julia Coronado at MacroPolicy Perspectives discusses the yield on the 10-year Treasury and inflation. Then, we have the story of the unionization of the nation’s first Chipotle.

Biden and Chinese president Xi Jinping meet up in Bali. Target wants to make its stores bigger. Amy Scott discusses the latest on “How We Survive” with David.

From the BBC World Service: At the G20 summit in Indonesia, President Joe Biden and Chinese president Xi Jinping are sitting down for the first time since Biden became president. Mozambique has begun exporting liquefied natural gas for the first time ever. And Sri Lanka’s government has unveiled a new budget which raises taxes and cuts spending as the country continues to suffer from one of its worst ever economic crises.

Christopher Low of FHN Financial helps us look beyond the good feelings behind recent market activity. The BBC reports on how China will start to loosen some strict zero-COVID regulations. Also, we check in on the COP27 climate summit. Art critic Blake Gopnik discusses the billion-dollar auction of the collection of Paul Allen.