World News Highlights: Trade Talks, Social Media Bans, and Climate Summit Concerns
The summary of recent world news includes a tariff truce between the US and China, Australia's social media ban on YouTube for children, and UN's concerns over COP30 summit costs. Additionally, it covers political tensions involving the recognition of a Palestinian state and various other global incidents.

The trade standoff between the U.S. and China saw a temporary truce as officials from both nations agreed to extend their talks. Even with no major outcomes, the responsibility now lies with President Trump to finalize decisions. Meanwhile, U.S. Treasury Secretary Scott Bessent remains optimistic about a continued truce.
In a move to safeguard children online, Australia has expanded its social media ban to include YouTube. The decision follows concerns about harmful content on the platform, where a significant percentage of young users reported exposure to inappropriate material.
The United Nations is addressing the escalating accommodation costs for the upcoming COP30 climate summit. Hosting nations worry that such expenses could hinder participation from less affluent countries, as the rainforest city of Belem, Brazil, prepares for this pivotal event.
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