November 9, 2026
United States:
Oil Extends Drop as Hopes Grow of Diplomatic Progress to End War
Oil extended losses as optimism mounted over diplomatic efforts to end the war in the Middle East, even as attacks in the region continue.
Global benchmark Brent slumped more than 3% to trade near $95 a barrel after notching its biggest weekly decline since April 2020.
Europe:
French Government Boosts Minimum Wage in Response to Protests
French Prime Minister Sébastien Lecornu said the government will raise the minimum wage as it seeks to respond to protests over the cost of living without further straining fragile public finances.
The net monthly minimum for full-time work will increase 1.6% to €1,502 ($1,680) on Dec. 1, he said after meetings with labor and employer unions on Monday.
Asia:
China Extends Pause on US Tariffs and Trade Curbs for Two Months
China will suspend retaliatory measures such as an additional 24% tariff on US goods for another two months, formalizing a decision by the two countries’ leaders to prolong their trade truce until next January.
The tariff move will take effect at 1:01 p.m. Beijing time on Tuesday, with a 10% blanket tariff retained on US imports, the Customs Tariff Commission of the State Council said in a statement.
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