Binance founder Changpeng Zhao accused of facilitating payments to Hamas

The European Union (EU) and the United States (US) have resumed trade negotiations to address unresolved issues from a tariff deal reached in July. The US has urged the EU to reconsider its digital regulations to facilitate a reduction in import duties on steel and aluminum. Additionally, global discussions on wildlife protection and sustainable trade have commenced in Uzbekistan, with the EU advocating for stricter regulations on eel trade, facing opposition from Japan.

US business borrowing for equipment rose by over 5% in October, according to the Equipment Leasing and Finance Association (ELFA). This increase indicates a positive trend in capital investment among businesses, reflecting confidence in future growth and operational expansion.

The United States has demanded that the European Union implement 'balanced' digital regulations as a prerequisite for reducing steel tariffs. This request comes amid ongoing trade negotiations aimed at resolving issues stemming from a controversial tariff deal established in July.

The US Commerce Secretary has urged Europe to reconsider its regulations on big tech companies as a condition for reducing US tariffs on steel exports. This statement highlights the ongoing negotiations between the US and Europe regarding trade policies and tariffs.

The G20 summit in South Africa culminated in the adoption of a declaration addressing critical global economic issues, despite a boycott by the United States initiated by former President Donald Trump. This declaration marks a significant moment for multilateralism, showcasing the resolve of G20 leaders to collaborate on pressing matters without U.S. participation.

Beacon Offshore Energy LLC, supported by Blackstone Inc., is initiating a drilling campaign in the Gulf of Mexico, targeting some of the most productive wells in the US with advanced technology to extract previously unreachable crude oil.

Global markets showed signs of recovery following a slump in technology stocks driven by concerns over artificial intelligence valuations. Investors are optimistic about a potential interest rate cut by the US Federal Reserve in December, which is influencing market dynamics positively. Oil and European defense stocks, however, faced pressure as discussions around a Ukraine-Russia peace deal continue.

US equity futures have risen as traders anticipate a potential rate cut in December, coinciding with positive signals from US State Secretary Marco Rubio and Ukrainian officials regarding progress in peace talks aimed at resolving the ongoing conflict in Ukraine. Meanwhile, BHP has once again walked away from its takeover bid for Anglo American after a new approach was rejected.