Asked when the first meeting of the newly agreed US-China AI dialogue mechanism will take place and whether senior officials will attend, China's Foreign Ministry said timing and participant details should be sought from the Chinese authority responsible.

ECB Executive Board member Dolenc said interest-rate policy can prevent a surge in energy prices from spilling into broader, persistent inflation. He noted monetary policy cannot directly affect energy shocks, geopolitics or structural competitiveness, but can stop an initial price shock from becoming more widespread and long-lasting. The ECB has raised rates twice and is expected to hike again, most likely at the December meeting. September inflation rose to 3.8%, near twice the ECB’s 2% target; Dolenc said roughly 3% inflation is likely to persist through year-end and, absent new shocks, inflation should gradually return to 2% over the next two years while economic growth accelerates.

Microsoft (MSFT.O) top executive says the company will launch the Surface Laptop Ultra.