Paulina Duran

Plus: Ukraine's bomb kills top Russian defence leader in Moscow; Labor budget deficit to widen despite $200b MYEFO improvement; US shoppers defy inflation with surprise sales rise.

The news: Australia will reopen its Kyiv embassy next month, nearly three years after closing it during the early days of Russia's invasion.

The news: Italy's UniCredit has increased its stake in Commerzbank to 28%, declaring its move to capture the “substantial value” in the German lender would not impact its bid for smaller domestic rival Banco BPM.

The news: The US Supreme Court said it will hear TikTok's appeal against a federal law that could ban the app unless its Chinese parent company, ByteDance, sells it to a US entity, media reported.

Australia to reopen embassy in Ukraine; Altman-backed Oklo signs nuclear power deal with data centre operator Switch; US Supreme Court to hear TikTok plea in January.

The Bank of England (BOE) held its key interest rate steady at 4.75%, with three of its nine policymakers dissenting in favour of a 0.25% cut to 4.5%.

The news: US economic growth in the third quarter was stronger than reported last month thanks to consumer spending, while jobless claims fell

Plus: Dealmakers eye $6t M&A boom in 2025; Resilient US spending boost economy in GDP revision; Amazon workers strike ahead of pre-Holiday shopping period.

The news: The US government is hours away from a potential shutdown, as Donald Trump torpedoed a bipartisan funding deal meant to keep federal operations running beyond Friday and until March, plunging Congress into chaos.