Asian Stocks Rally as Tech Rebounds, China Lags on Nvidia Competition Concerns 
Asian Stocks Slip as Oracle Earnings Miss Sparks AI Profitability Concerns 
Modi and Trump Hold Phone Call as India Seeks Relief From U.S. Tariffs Over Russian Oil Trade 
Global Markets Slide as Tech Stocks Sink, Yields Rise, and AI Concerns Deepen 
Australia’s Labour Market Weakens as November Employment Drops Sharply 
Gold Prices Slip Slightly in Asia as Silver Nears Record Highs on Dovish Fed Outlook 
Japan Business Sentiment Hits Four-Year High, Boosting Expectations of BOJ Rate Hike 
Ireland Limits Planned Trade Ban on Israeli Settlements to Goods Only 
S&P 500 Slides as AI Chip Stocks Tumble, Cooling Tech Rally 
The US will bring together 30 countries, including those from NATO allies and G7 partners, to stop “the illicit use of cryptocurrency,” according to President Joe Biden.
The Biden administration has been intensifying its efforts to counter ransomware.
In September, the US Department of the Treasury prescribed a set of actions to disrupt criminal networks and virtual currency exchanges that were laundering ransoms.
According to the Bank for International Settlements (BIS), cryptocurrencies are used to facilitate money laundering, ransomware attacks, and other financial crimes.
The other objectives of the US-initiated cooperation are to combat cybercrime, improve law enforcement collaboration, and engaging on these issues diplomatically.
Biden explained that the US is responding to the cybersecurity threats by partnering closely with nations around the world, hardening critical infrastructure, disrupting ransomware networks, establishing cyberspace rules for all nations, and making accountable those that threaten its security.
