Oil prices settle down at lowest in a month as US seeks Russia-Ukraine peace deal

The G20 summit held in South Africa has adopted a declaration despite a boycott from the United States and opposition from other nations. This summit focused on various global economic issues and aimed to foster international cooperation among member countries.

Russia's stock market closed lower, with the MOEX Russia Index remaining unchanged, indicating a period of stagnation in trading activity. This development reflects ongoing market uncertainties and investor sentiment in the region.

Several international airlines have canceled their flights to Venezuela following a warning from the U.S. regarding potential hazards, reflecting escalating tensions in the region. The Federal Aviation Administration (FAA) has indicated that military buildups near the Caribbean coast could pose risks to aviation safety.

US retail sales growth showed signs of moderation in September, concluding a generally strong quarter despite ongoing consumer frustrations over high prices and job security concerns. This trend reflects the complexities of consumer behavior in a challenging economic environment.

Saudi Arabia's Crown Prince Mohammed bin Salman announced plans to invest up to $1 trillion in the United States, marking a significant shift from the Kingdom's traditional oil-centric economy towards technology and investment. This initiative aims to strengthen economic ties and diversify Saudi Arabia's financial portfolio.

The EU and US are set to resume trade negotiations next week after a two-month hiatus to address unresolved issues related to a controversial tariff deal made in July. High-level talks will take place in Brussels, involving US commerce secretary Howard Lutnick and trade representative Jamieson Greer, along with EU ministers and industry leaders.

Recent analyses question whether artificial intelligence (AI) is significantly boosting economic growth in the United States, as concerns about market stability and potential bubbles in AI-related investments emerge. The ongoing discussions highlight the mixed sentiment surrounding AI's impact on various sectors.

The Kremlin has devised a strategy to distance President Putin from the unpopular VAT tax increase, instructing state-controlled media to avoid linking him personally to the rise. This move comes amid growing discontent among the Russian populace regarding economic policies.