Global Business Disruption: A Microsoft outage disrupted email, Teams and cloud services for businesses across dozens of countries, exposing the risks of relying on a single technology provider. Microsoft said the incident was not caused by malicious activity. Oil Markets: The IEA expects global oil supply to exceed demand in the fourth quarter as Gulf exports recover. Supply is forecast to average 105 million barrels a day, 1.7 million above demand, while prices have fallen sharply from October’s peak. Retail Growth: Malaysia’s wholesale and retail sales rose 15.9% year on year to RM183.1 billion in September, led by a 25.3% jump in wholesale trade; retail sales increased 6.9%. Small Businesses: TikTok Shop says UK live-shopping sales surged 55% over the past year. More than six in 10 participating small businesses said a single session out-earned their other sales channels in a typical week. Inflation and Rates: India’s retail inflation hit 6.09% in October, breaching the central bank’s upper limit and raising expectations of a December rate hike. Energy and Technology: Data-centre growth is straining power grids: US data-centre electricity demand has risen 19% a year since 2000, while grid capacity grew just 2%.