UK inflation is expected to rise to a 30-year high when December’s data are released this week, Meta patent applications indicate how the Silicon Valley group intends to cash in on its virtual world with hyper-targeted advertising and sponsored content, Chinese lenders have grown more cautious about lending to African nations as some have reached the limit of their borrowing capacity and the prospect of defaults loom, and the Scottish government has awarded 25 gigawatts of offshore wind project development rights. Subscribe to the FT News Briefing on Apple Podcasts or SpotifyMentioned in this podcast:UK inflation set to hit 30-year high as rate rise expectations mountFacebook patents indicate how it intends to cash in on the MetaverseChina applies brakes to Africa lendingBig boost to UK offshore wind capacity from Scottish auctionThe FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.Read a transcript of this episode on FT.com See acast.com/privacy for privacy and opt-out information.