Washington: The U.S. and China are in the process of extending their tariff truce, a move that could potentially ease tensions between the two economic giants. However, the success of this extension is contingent upon President Trump's approval, raising questions about the future of trade relations between the countries.

According to BBC, the negotiations for extending the tariff truce are ongoing, with key figures from both sides working diligently to reach an agreement. The potential extension is seen as a significant step towards stabilizing the economic relationship between the U.S. and China, which has been strained due to ongoing trade disputes.

In other global news, there is a notable trend of Syrian refugees in Turkey choosing to return to their homeland, despite the inherent risks. This movement is driven by various factors, including changing conditions in Syria and the challenges faced by refugees in Turkey.

Additionally, the financial impact of natural disasters has been significant this year. Reports indicate that these events have resulted in global costs amounting to $131 billion, highlighting the substantial economic burden that natural disasters impose on the world economy.