An Indian HAL Tejas fighter jet crashed at the Dubai Airshow, killing the pilot. The accident occurred on the territory of Al Maktoum International Airport, where the plane crashed into the ground, creating a fireball.
Indian company Reliance Industries Ltd. has stopped processing Russian oil at the export-oriented section of its Jamnagar refinery due to US sanctions. This will allow the plant to supply fuel to Europe and avoid a ban on importing petroleum products made from Russian oil.
Shipments of Chinese permanent rare earth magnets to the US rose by 56. 1% to 656.3 tonnes, the highest in nine months. This increase occurred amid easing trade tensions between Beijing and Washington, while exports to the EU decreased.
The US State Department has approved the sale of Javelin anti-tank missile systems and Excalibur guided artillery ammunition to India for $93 million. This is India's first purchase of American defense equipment under the Foreign Military Sales program since the August escalation of relations.
Brent and WTI crude futures fell after a report of increased US inventories. The price decline is limited by sanctions against Russian oil, which raises concerns about supply disruptions.
Russian seaborne crude flows fell for the fourth consecutive week, exacerbating the country's oil price slump and cutting the Kremlin's revenue to a two-and-a-half-year low – about $1. 2 billion a week. In the four weeks to November 16, the country shipped 3.36 million barrels per day, about 90,000 barrels less than in the comparable period to November 9.
The US Treasury Department said that sanctions against Rosneft and Lukoil are already reducing Russia's oil revenues. The analysis showed that these measures are aimed at reducing the financing of Russia's military efforts against Ukraine.
Denmark has set a new target to reduce CO2 emissions by 82% by 2035, surpassing the UK's previous goal. The Danish government will allocate 4 billion kroner annually to achieve this ambitious target.
Air India will resume direct flights between New Delhi and Shanghai from February 1, 2026, returning to mainland China after nearly six years. This comes amid a de-escalation of ties between New Delhi and Beijing.
The price of Urals oil fell to $36. 61 per barrel, the lowest since March 2023, ahead of US sanctions against Rosneft and Lukoil. This drop will reduce tax revenues to the Russian budget, which funds the war against Ukraine.
India has signed its first long-term agreement with the United States to import 2. 2 million tons of liquefied petroleum gas next year. This will strengthen energy ties and help New Delhi conclude a trade deal with Washington.
Ukrainian athlete Pavlo Korostylov won a gold medal at the World Shooting Championship in Cairo. He won the 25m center-fire pistol event, scoring 584 points.
US President Donald Trump said that Republicans are considering a Senate bill on sanctions against countries that do business with Russia. The document provides for tariffs of up to 500% on imports from countries that buy Russian energy carriers and do not support Ukraine, including China and India.
Russia's fossil fuel exports in October fell to their lowest levels since the start of the full-scale war, amounting to 524 million euros per day. This is 4% less than in September, due to Ukrainian attacks and international sanctions.
In Indian Kashmir, nine people were killed and 32 injured when seized explosives detonated at a police station. The incident occurred during a forensic analysis of the explosives, damaging buildings.
The White House announced new trade agreements with four South and Central American countries. This could lead to a reduction in tariffs on imports of certain types of coffee, bananas, and beef from Argentina.
Chinese President Xi Jinping will not participate in the G20 summit, which will be held in November in Johannesburg; he will be represented by Premier Li Qiang. This decision means that the event will take place without the leaders of the US, China, and Russia.
Global carbon dioxide emissions from burning fossil fuels reached a record 38. 1 billion tons in 2025. The carbon budget for keeping warming within 1.5°C is almost exhausted, indicating an increase in the dangerous consequences of global warming.
French President Emmanuel Macron is considering inviting Chinese leader Xi Jinping to the G7 summit in 2026, a move that could be a bold diplomatic step. The idea has been discussed with some allies, and Macron may visit China in December.
Lukoil shares on the Moscow Exchange fell to 4,900 rubles, and the company's capitalization decreased by $9. 6 billion after new US sanctions. This led to the blocking of sales of foreign assets and problems with operations in international markets.
Iceland has included the possible collapse of the Atlantic Meridional Overturning Circulation (AMOC) in its national security strategy. This event could cause a sharp cooling in Europe and have global consequences.
Putin will visit India on December 5, despite Russia's war against Ukraine. This comes amid a strengthening strategic partnership between Moscow and New Delhi.
In October, 15. 97 million tons of oil were exported from Russian ports by 140 tankers, 84 of which belong to the "shadow fleet". The main destinations for supplies were India, China, and Turkey.
A significant portion of the increase in oil volume on tankers since late August comes from sanctioned countries. This indicates disruptions in oil trade and threatens the revenues of sanctioned oil-producing states.
China is stepping up efforts to import Russian gas, laying the groundwork for its own "shadow fleet" of vessels to transport liquefied fuel, bypassing US sanctions. This will allow it to diversify supplies and strengthen ties with Russia, which needs buyers for its LNG.
In Pakistan, 27 people were injured in a suicide bombing near a police vehicle. The group "Jamaat-ul-Ahrar" claimed responsibility for the attack, although the Pakistani "Taliban" denied its involvement.
Brent and WTI crude futures fell by 0. 4% and 0.5% respectively, due to oversupply concerns. This happened despite uncertainty about the impact of US sanctions on Russian oil companies and optimism about the resumption of the US government's work.
The United States of America plans to lower import tariffs for India. This is due to New Delhi's significant reduction in the volume of Russian oil purchases.
In India's capital, Delhi, a car bomb near the historic Red Fort killed eight people and injured more than 20. The cause of the incident is under investigation, with six vehicles and three auto-rickshaws damaged.
The visit is scheduled for December this year. Putin last visited India in December 2021.
