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This is the world in brief from The Economist.

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European Union leaders reached a deal to loan Ukraine 90 billion euros or 106 billion dollars for the next two years after marathon talks in Brussels.

The bloc will raise joint debt backed by its budget.

Ukraine will only return the funds once Russia pays reparations.

EU leaders said they would continue to discuss a plan to use frozen Russian assets to support the embattled

country. After years of wrangling, TikTok's Chinese owner, Bight Dance, signed binding agreements

with three American investors led by Oracle to sell just over 80% of its American assets. That will enable the social media app to continue

operating in America. The deal will create a joint venture governed by a, quote, majority

American board, which will enable America to control data protection and algorithm security

in the country.

America's annual inflation rate was lower than expected in November, at 2.7%.

Economists had forecast a rate of around 3%.

Meanwhile, the core rate, which strips out volatile energy and food prices, was 2.6%, the lowest level since

2021. Analysts warned, however, that the figures may have been affected by the government

shutdown between October 1st and November 12th, which disrupted data collection.

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