China
Brent and WTI crude oil fell by 0. 9% due to weak demand in China and a 4.6% decline in refining. The IEA predicts an excess of supply over demand by 2025, despite the OPEC+ cuts.
US President Joe Biden arrived in Lima to attend the APEC summit, where he will hold a key meeting with China's leader. He is also scheduled to hold talks with the leaders of Peru, Japan, and South Korea on important international issues.
China accused the Philippines of unauthorized delivery of cargo to the Sierra Madre warship, which was stuck on Second Thomas Reef. The Philippine Coast Guard confirmed the rotation of personnel and the delivery of supplies.
China's Landbridge Petrochemical plant has purchased 2 million barrels of African oil for delivery in January 2025. This unusual decision is attributed to the possible tightening of sanctions against Iranian oil and rising prices for Russian oil.
The PRC publishes an updated map of Sansha with new designations for the Paracel and Spratly areas. These areas are the subject of territorial disputes between China and five neighboring countries.
In October, sales of Chinese cars in Ukraine fell by 8% year-on-year to 1. 2 thousand units. 81% of Chinese cars sold were electric vehicles, with Honda M-NV as the top seller.
Indonesian President Prabowo Subianto has declared the defense of the country's sovereignty in the South China Sea. Indonesia does not recognize China's territorial claims, despite the maritime agreement signed.
The US and Chinese presidents will meet on November 16 at the APEC summit in Lima to discuss key issues of cooperation. Topics include military contacts, China's support for Russia, cyberattacks, and human rights.
Samsung Electronics shares hit their lowest level since June 2020 due to possible Trump tariffs. The company is lagging behind competitors in the production of AI chips, having lost 34% of its share price since the beginning of the year.
In 2023, EU countries issued 3. 7 million primary residence permits for third-country nationals. Ukrainians, Belarusians and Indians received the most permits, with one third of all permits issued for employment.
US Secretary of State Blinken travels to Brussels to coordinate further support for Ukraine with NATO and EU partners. The visit takes place against the backdrop of Trump's election victory and North Korean troops' participation in the war on the side of Russia.
In Zhuhai, a driver crashed into a group of people near a sports center, killing 35 people and injuring 43. The 62-year-old driver has been detained, and the motives for the incident are unknown.
According to the FT, Ukraine is developing its own “victory plan” for the incoming Trump administration, emphasizing potential business deals, access to raw materials, and troop deployments.
Donald Trump is planning to appoint Senator Marco Rubio as Secretary of State and Congressman Mike Waltz as National Security Advisor, which is what they had previously said about Ukraine.
Chinese regulators are planning to cut the home purchase tax from 3% to 1% in major cities. This is part of the government's fiscal policy to stimulate the real estate market and fight deflation.
NYT: Donald Trump is preparing to nominate Senator Marco Rubio for the post of US Secretary of State. Rubio, known for his hawkish stance on China and Iran, has recently been supporting Trump's policies.
In October, India and Saudi Arabia became the main importers of Russian fuel oil and gas oil. Total exports amounted to 4.15 million tons, with deliveries to India up 56% and deliveries to Saudi Arabia down 9%.
Elon Musk has become the most influential figure in the entourage of US President-elect Donald Trump. Since Trump's victory, Musk's fortune has increased by $21 billion, and his influence on future policy continues to grow.
Nine NetEase employees, including the CEO, are arrested in Hangzhou on suspicion of money laundering. Despite the arrests, the release of Marvel Rivals remains scheduled for December 6, 2024.
8 Ukrainian manufacturers presented domestic drones with the characteristics of the Chinese Mavic. 6 teams successfully completed 10 km flight missions, demonstrating their developments to the military command.
The CSI Semiconductor index rose 6% after the US banned TSMC's advanced chips from being shipped to China. This may accelerate the development of China's own semiconductor production.
China has announced temporary anti-dumping measures on imports of brandy from the EU in the form of a cash deposit. This deepens the trade confrontation after the EU imposed duties on Chinese electric cars.
The 1-carat diamond price index is down 23% since the beginning of the year due to the crisis in India and low demand. The situation is complicated by political changes in Botswana and the development of artificial diamond production.
The GUR reports that half of the 2,000 UAVs launched by Russia in October were decoy drones.
China has unveiled its new stealth fighter, the J-35A, at the Zhuhai Air Show. Experts note that the real capabilities of the aircraft remain a black box, despite the stated advantages of the design.
Typhoon Toraji has hit the Philippines, forcing the evacuation of 2,500 villages and the closure of ports. This is the fourth typhoon in less than a month, with the previous three claiming 159 lives.
The United States has officially banned Taiwanese company TSMC from exporting microchips for artificial intelligence to China. The ban applies to chips produced by a more advanced process and related to AI devices.
Russian authorities are negotiating a merger between Rosneft, Gazprom Neft and Lukoil. The goal is to strengthen its position in the energy market and obtain more favorable deals with China and India.
China protested the Philippines' signing of new laws on maritime zones and archipelagic routes. Beijing believes that these laws threaten stability in the region and violate the status of disputed territories.
The North Atlantic Council issued a statement condemning military cooperation between Russia and the DPRK. NATO member states called on Russia to comply with international obligations and UN resolutions.