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China exceeded forecast, helped by stronger retail sales at the end of the third quarter and bolstered by government stimulus efforts. Household demand was also robust in the US and likely contributed to the strongest pace of economic growth in nearly two years. Meanwhile, persistent industrial woes are projected to leave the German economy — Europe’s largest — in another recession this year. Here are some of the charts that appeared on Bloomberg this week on the latest developments in the global economy: Asia China’s economy gained momentum last quarter as people ramped up spending on everything from restaurants and alcohol to cars, offsetting a drag from the property crisis and putting Beijing’s annual growth goal well within reach. China’s economy gained momentum last quarter as people ramped up spending on everything from restaurants and alcohol to cars, offsetting a drag from the property crisis and putting Beijing’s annual growth goal well within reach. China’s central bank stepped up efforts to support the nation’s economic recovery and debt sales by delivering the largest cash injection since 2020 with one-year policy loans. The injection of extra cash into the economy will offer a much-needed boost to China’s growth, which has been challenged by a lack of demand and a downturn in the property market this year. South Korea’s trade minister said his country is prepared to look for alternative sources of graphite if China’s newly strengthened export controls on the key material used in electric-vehicle batteries cause a severe shortage.

AP. This effort to normalisation was announced in September at the Group of 20 summit in India, with plans to collaborate on a shipping corridor.

Israel-Palestine conflict must be built on a two-state solution. This came during the first session of what was billed by Egypt as the Cairo Peace Summit which aims to find ways to prevent the war between Israel and Hamas. Arab presidents, royalty, and top officials from the Middle East, Europe, Asia, Canada, and Brazil were on hand.

ANI. The Durga Puja pandal showcases model of Prime Minister Narendra Modi along with world leaders and prominent international delegates who attended the event including US President Joe Biden. The pandal also showcases Delhi's Red Fort.

market sentiment. The coming truncated week is likely to bring in volatility as a plethora of companies are scheduled to release earnings and the October derivatives expiry is due. “Markets are likely to remain sideways to volatile in the coming week, and Nifty 50 may trade within a wider range of 19300-19850,” said Arvinder Singh Nanda, senior vice president, Master Capital Services. A breakout in either direction within this range has the potential to trigger a significant move, possibly spanning 200 to 400 points in one direction, Nanda said. On Friday, the Nifty 50 ended at 19542.65 points, down 82.05 points or 0.4%. The stock market will be closed on Tuesday for Dussehra.

By Michelle Nichols

The draft text, seen by Reuters, calls for the protection of civilians — including those who are trying to get to safety — notes that states must comply with international law when responding to «terrorist attacks», and urges the «continuous, sufficient and unhindered» delivery of aid to the Gaza Strip. It was not immediately clear if or when the United States planned to put the draft resolution to a vote. To pass, a resolution needs at least nine votes in favor and no vetoes by Russia, China, the United States, France or Britain.

Reuters, called for the protection of civilians including those who are trying to get to safety, notes that states must comply with international law when responding to "terrorist attacks", and urges the "continuous, sufficient and unhindered" delivery of aid to the Gaza Strip, Reuters reported. However, it was not immediately clear if or when the United States planned to put the draft resolution to a vote.

By Nidal al-Mughrabi and Emily Rose

By Sharon Bernstein

By Maria Starkova and Ronald Popeski

Rep. Matt Rosendale, R-Mont., joined ‘Cavuto: Coast to Coast’ to discuss the GOP’s ongoing struggles to pass a defense spending bill as a government shutdown looms.

By Aidan Lewis and Nafisa Eltahir

(Reuters) — The United States is committed to ensuring that civilians in Gaza will continue to have access to food, water and medical care without it being diverted by Hamas, President Joe Biden said on Saturday.

By Aidan Lewis

Amazon.com Inc. joined companies and investors bowing out of the upcoming Web Summit technology conference in Europe after the event's leader made controversial comments about Israel. A representative for Amazon Web Services confirmed Friday that the company wouldn't be participating in the conference, scheduled for November in Lisbon.

Israel-Hamas war becoming a wider conflict. Egyptian President Abdel-Fattah El-Sisi said he'd agreed with US President Joe Biden that the Rafah crossing should be open “sustainably.” The Israeli Defense Force said it was responding with live fire on Saturday to a number of launches made toward Israel by Lebanon. Lebanon's state-run National News Agency reported earlier that Israel's military struck a village near the countries' border. Switzerland's top prosecutor announced the start of a criminal investigation into alleged payments made to Hamas weeks before the attacks on Israel, the Swiss public broadcaster reported on Saturday. Attorney General Stefan Blaettler said the accusation centers on financial support to a terrorist organization, while declining to say who the proceedings are directed against. Egypt opened its crisis summit in Cairo with the leaders of Italy, Qatar, the United Arab Emirates, Jordan and South Africa among those on hand, as well as senior officials from the EU, Turkey, Russia and China.

PCs) or working with third-party retail partners to cast a wider net to acquire customers who could not afford a PC. Industry executives and market trackers said the initiative will help boost the total addressable market for IT hardware brands, at a time when shipments have been declining in India on account of poor demand, and brands being pushed by the government to take up local assembly of products. “With the increase in the number of individuals opting for refurbished laptops in the city, we wanted to build an avenue that extends products that have undergone robust checks to ensure that they can access premium quality laptops and PCs,” said Arnold Su, vice president, consumer and gaming PCs at Asus.

Rishi Sunak was hoping his AI summit next month would bring heads of the most powerful nations face-to-face with executives to guard against the technology's “catastrophic” potential. With less than two weeks to go, the guest list is thin on world leaders.

Rajiv Malik, president of the world's largest generics drugmaker Viatris, will retire in April next year, the Nasdaq-listed company has informed stock exchanges. Malik was instrumental in the $12 billion merger of Mylan with Pfizer's generic drug unit that resulted in the creation of Viatris in 2019. The combined entity's sales are more than that of Israel's Teva, which was previously the largest generic drug company in the world. «There are not enough words to express how much Rajiv Malik as both a partner and a leader has meant to me, first at Mylan and now Vitara's.

China's decision against inviting Myanmar junta leader Min Aung Hlaing to the third Belt and Road Initiative (BRI) forum in Beijing this week was part of its diplomatic optics to avoid global criticism. It however sent invitation to Junta Deputy Prime Minister and Transport and Communications Minister General Mya Tun Oo for attending the forum.