Good morning! Here’s what you need to know on Monday.
2. British Prime Minister David Cameron is prepared to drop a demand to curb welfare benefits for migrant workers as he attempts to renegotiate the terms of Britain’s membership of the European Union.
6. Over the weekend the global climate summit in Paris agreed a landmark accord, setting the course for an “historic” transformation of the world’s fossil fuel-driven economy within decades in a bid to arrest global warming.
7. Ecuador and Sweden have signed a pact that would allow WikiLeaks founder Julian Assange to be questioned at Ecuador’s embassy in London where he has been for more than three years, the Quito government said.
9. Russia is hoping to launch a futures market for its oil benchmark, the Urals blend. The motivation stems from the fact that Russia is forced to sell its oil at a discount to the widely traded Brent benchmark based in the North Sea.
10. Chinese economic growth is likely to slow from around 7% this year to 6.2% in 2016, dragged lower by a slowdown in the nation’s vast property construction sector and excess capacity in the industrial and mining sectors, a UBS study has reported.
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