Chinese authorities locks down the largest districts in Beijing and Guangzhou following the country’s first Covid deaths in six months. Former Disney CEO Bob Iger returns to the role to replace Bob Chapek as the entertainment giant attempts to regain momentum following a torrid quarter. Investors turn their focus on retail earnings and upcoming Black Friday sales for signs of resilience from the U.S. consumer. Atlanta Federal Reserve President Raphael Bostic suggests that one more rate rise of up to 100bps could prove to be enough to bring down inflation. In crypto new, FTX admits it owes its top 50 creditors more than $3bn as the new CEO scrambles to sell off or restructure the business. And in Egypt, Cop27 wraps up with negotiators hailing an agreement on ‘loss and damage’ funds. However, no deal has been reached to further curb greenhouse gases.

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