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2026-11-07

ECB President Lagarde said euro-area headline inflation was 4% in October, above expectations a few months ago but in line with market pricing. The increase is largely energy-driven: energy inflation rose to 20.8% in October from 18.9% in September,

ECB President Lagarde said euro-area headline inflation was 4% in October, above expectations a few months ago but in line with market pricing. The increase is largely energy-driven: energy inflation rose to 20.8% in October from 18.9% in September, reflecting the Middle East conflict and weaker global refining capacity; food inflation also picked up. Core inflation excluding energy, food, alcohol and tobacco remained 2.5%, unchanged from September; services inflation edged up to 3.3% but stayed within its four-month range. Lagarde said detailed breakdowns are not yet available and will be needed to assess whether services inflation stems from energy-intensive sectors such as transport or from broader indirect pass-through. She warned inflation is likely to remain elevated over the coming quarters, and that higher, more persistent inflation raises risks to the ECB’s medium-term target.
2026-11-07

Iraq foreign minister Hussein said current developments suggest the Middle East could again erupt into war. He said Iraq has lost about $60 billion after oil exports via the Strait of Hormuz were halted; following an agreement with the US and Iran Ir

Iraq foreign minister Hussein said current developments suggest the Middle East could again erupt into war. He said Iraq has lost about $60 billion after oil exports via the Strait of Hormuz were halted; following an agreement with the US and Iran Iraq has resumed oil exports through the strait. Hussein said the US has formally requested closure of all Iraq–Iran land border crossings except two crossings. Iraq has told Iran it seeks a friendly partnership but rejects interference, and there are signs external actors are using Iraqi territory to strike neighboring states.
2026-11-07

Guojin Securities chief strategist and deputy head Mu Yiling said the A‑share market has been under pressure since mid‑to‑late September, with rising external uncertainty the main driver of the recent pullback. Core blue‑chip valuations are at histor

Guojin Securities chief strategist and deputy head Mu Yiling said the A‑share market has been under pressure since mid‑to‑late September, with rising external uncertainty the main driver of the recent pullback. Core blue‑chip valuations are at historically low levels, with growth‑style large‑cap blue chips offering particularly attractive value. On AI, Mu said accelerating domestic substitution gives China’s current AI development clear self-reliance; if overseas AI prospects waver, China-focused domestic‑substitution tech sectors could become a haven for global growth capital.
2026-11-07

U.N. Office for the Coordination of Humanitarian Affairs said emergency stockpiles in Gaza are insufficient to meet the needs of people affected by recent heavy rains and urged immediate entry of winter relief supplies.

U.N. Office for the Coordination of Humanitarian Affairs said emergency stockpiles in Gaza are insufficient to meet the needs of people affected by recent heavy rains and urged immediate entry of winter relief supplies.
2026-11-07

The United Nations Office for the Coordination of Humanitarian Affairs (OCHA) stated that Gaza's emergency supplies reserves are insufficient to meet the needs of those affected by the rainstorms, and that winter supplies must be allowed to enter imm

The United Nations Office for the Coordination of Humanitarian Affairs (OCHA) stated that Gaza's emergency supplies reserves are insufficient to meet the needs of those affected by the rainstorms, and that winter supplies must be allowed to enter immediately.
2026-11-07

Berkshire Hathaway (BRK.A, BRK.B) repurchased shares in Q4 totaling the Equivalent of about 2,554 Class A shares as of Oct. 28.

Berkshire Hathaway (BRK.A, BRK.B) repurchased shares in Q4 totaling the Equivalent of about 2,554 Class A shares as of Oct. 28.
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