Eurozone Inflation Picks Up as Services Prices Accelerate

Eurozone retail sales remained unchanged in October, indicating that households are cautious about spending. This stagnation poses challenges for the bloc, which is relying on consumer activity to stimulate economic recovery.

The European Union has proposed measures aimed at removing barriers to create a unified financial market, part of a broader initiative to establish a savings and investment union. This effort is designed to enhance financing for businesses and stimulate economic growth within the bloc.

The number of billionaires worldwide has reached an all-time high, driven by soaring tech valuations and significant stock market gains. This surge reflects a robust economic environment for the technology sector, which has been a primary catalyst for wealth accumulation among the ultra-rich.

For the first time in decades, child mortality rates are projected to rise, with an estimated increase of almost a quarter of a million child deaths globally in 2025 compared to 2024. This alarming trend highlights the ongoing challenges in child health and welfare.

Ukraine is increasingly deploying interceptors to counter Russian drones, with many of its skilled pilots being young individuals adept in video gaming. This shift in drone warfare tactics highlights Ukraine's adaptation to the evolving conflict dynamics in its skies.

Oil futures have risen as peace talks between Russia and Ukraine have yet to yield tangible results, while crude supplies remain high. This development reflects ongoing tensions in the region and the impact on global oil markets.

The European Union has launched a $3.5 billion initiative aimed at securing its raw material supplies amid rising tensions with China. This plan includes establishing a center to monitor mineral supplies and facilitate joint investments among member states.

Maersk has reported a rise in demand from India, indicating that its shipping service connecting India and North America is maintaining consistent weekly departures. This development comes amid growing expectations for a potential trade deal between the U.S. and India.