China’s Foreign Ministry says China and US leaders had constructive talks on AI; says China and the U.S. should jointly promote AI development and governance

Unknown explosions last night in Bab al-Mandeb Strait halted vessel traffic for two hours, Far News reports; sources cited note of "unusual silence" from global maritime and insurance authorities

EUROPEAN OPEN: SSNLF-Union talks reportedly make progress; UBER raises DHER GY stake; ZIM gets rival USD 4.5bln takeover bid; EVO SS to buy back EUR 2bln shares; STAN LN targets 15% corporate job cuts

China’s Foreign Ministry says China and US leaders had constructive talks on AI; says China and the U.S. should jointly promote AI development and governance

European Movers: Currys (CURY LN) +7.6%, IG Group (IGG LN) +6.3%, Diploma (DPLM LN) +5.0%, Standard Chartered (STAN LN) -0.9%, Crest Nicholson (CRST LN) -2.6%, Vallourec (VK FP) -10.0%

Ukraine’s Naftogaz says Russia attacked its gas infrastructure facilities in the northern Chernihiv region, with attacks continuing for the third day in a row