Axios reported on the 6th that US Vice President Vance has directly participated in indirect talks with Iran over the past two weeks, pursuing a new ceasefire and a restart of nuclear negotiations. Sources said Vance has communicated almost daily with Qatar’s prime minister and foreign minister Mohammed, Pakistan army chief Munir and other mediators; President Trump’s envoy Witkoff and son-in-law Kushner have also been involved. Vance and mediators have discussed the possibility of a US-Iran wor

The ECB is considering a targeted review of bank loans to data centres to assess risks from AI‑related market sentiment and valuation swings, sources told Bloomberg. Officials have floated the idea internally and with supervised banks as rising rates and local opposition to data‑centre builds increase pressure on a rapidly expanding lending segment, the sources said. The exercise could include on‑site inspections focused on banks’ assessment of future cash flows, collateral values and provisioning for potential defaults. One source said the probe would be narrower than the ECB’s leveraged‑finance review several years ago; the ECB has not decided the exact scope or format. Global regulators are stepping up scrutiny of banks’ AI‑related exposures.

Bureau of Labor Statistics data showed nonfarm payrolls rose 165,000 in October versus ~65,000 consensus; September was revised up to +60,000 from an initial +29,000. Unemployment fell to 4.1%, underscoring labor-market resilience and giving the Fed greater scope to shift policy emphasis toward inflation risks from the Middle East conflict. Economists estimate the US needs roughly 40,000 jobs per month to keep pace with working‑age population growth; the so‑called employment breakeven has fallen from about 150,000 in early 2024 as the labor force has shrunk. Layoff rates remain near historic lows and job openings have jumped, reinforcing expectations of tighter labor conditions, though Fed officials and many economists still do not view the labor market as a broad inflationary threat; some economists attribute the low unemployment mainly to supply-side effects from tighter immigration and retirements.