Ukraine's military said it attacked a Russian refinery in Volgograd.

Mitsubishi UFJ Financial Group analyst Derek Halpenny said in a report that if an AI-related sell-off occurs, the Australian dollar could be the most vulnerable currency. He cited Australia’s recent surge in data-center construction and other AI investment, which increases the AUD’s sensitivity to AI industry dynamics. Halpenny added the country’s energy and commodity exposure would exacerbate the impact via weaker terms of trade.

On Nov. 12 in Brussels, officials held the 23rd China‑Belgium‑Luxembourg joint economic and trade committee meeting. China said bilateral ties have grown steadily and pointed to cooperation in aviation, port logistics, biopharma and clean energy. Beijing said it will push China‑Belgium and China‑Luxembourg economic links toward higher quality and a better structure, and aims to cultivate new growth areas in services trade, the digital economy and artificial intelligence. China voiced concern about recent EU trade‑protection measures and urged Belgian and Luxembourg counterparts to press the EU to engage with China and resolve disputes via the China‑EU trade and investment consultation mechanism to stabilise economic relations.