Good morning. Amazon Web Services starts the week with a widespread outage. A truce resumes in Gaza after heavy fighting over the weekend. And thieves hit the Louvre in a daring daytime jewel heist. Listen to the day’s top stories.

— Tiago Ramos Alfaro

It’s been a miserable Monday morning so far for many users of platforms such as Zoom, Robinhood and Coinbase after the world’s largest cloud provider, Amazon Web Services, suffered a widespread outage that affected a large range of clients. The tech giant said its cloud services are now recovering, but it may be giving you flashbacks to that massive CrowdStrike outage last year. Here’s our definitive explainer of what happened at the time.

Israel resumed a truce with Hamas in Gaza after heavy fighting over the weekend, with the two sides accusing each other of breaching a deal brokered by the US. The Israeli Defense Forces said it started a “renewed enforcement of the ceasefire” and warned it would “respond firmly to any violation.” Hamas said it remains committed to the truce and accused Israel of breaching the agreement.

As for the conflict between Russia and Ukraine, Volodymyr Zelenskiy said the war should be frozen along current battle lines before any peace talks take place, even as Vladimir Putin insisted on control of the entire Donetsk region. The Ukrainian president also criticized Budapest as a potential venue for such talks due to Viktor Orban's Russia-friendly stance, though he said he would still attend if invited. Donald Trump urged both sides to “make a DEAL” after meeting Zelenskiy on Friday.

Tariffs, again. Trump told Fox News his threat to raise levies to 100% on Chinese goods is “not sustainable,” adding that the US will “be fine” with China. He listed rare earths, fentanyl and soybeans as the top trade issues. Stock futures rose amid signs of an easing in tensions as the countries are set to hold fresh talks later this week in Malaysia.

The iPhone 17 Pro and the iPhone 17 Pro Max Photographer: Eric Thayer/Bloomberg

More corporate news: Apple’s iPhone 17 series sales are outpacing its predecessor by 14% in the US and China, according to Counterpoint Research. Luxury powerhouse Kering agreed to sell its beauty division to L’Oreal. It’s the first strategic move by Kering’s new boss Luca de Meo, who’s seeking to turn around the French luxury giant’s fortunes. 

Deep Dive: Trump vs Petro

Gustavo Petro speaks during a pro-Palestinian protest in New York on Sept. 26 Photographer: Robyn Stevens Brody/Sipa/AP Photo

Donald Trump accused Colombian President Gustavo Petro of being an “illegal drug leader,” in a dramatic escalation of tensions with one of Washington’s closest security partners in Latin America.

• The US president said he’ll halt all aid to Colombia and impose fresh tariffs.
• Petro hit back, saying that “Trump is being deceived” by advisers, and adding that he has done more than any other leader to expose links between drug traffickers and the political elite.
• Relations between the leaders have been deteriorating for months. In September, after a new spat over Petro’s participation in a protest in New York City, the Colombian president said he’d push to renegotiate its free trade deal with the US.
• The standoff marks a sharp contrast to the more measured approaches of Brazil’s Lula da Silva and Mexico’s Claudia Sheinbaum.

The Big Take

California Governor Gavin Newsom. Photographer: Justin Sullivan/Getty Images North America

Gavin Newsom has gone all-in as Trump’s top antagonist. California’s governor talks to Businessweek about his turnaround, trolling and how Democrats can win.

Opinion

Donald Trump walks on the South Lawn of the White House on Oct. 17 Photographer: Aaron Schwartz/Sipa

Underlying US-China tensions are profound and escalating, Hal Brands writes. Diplomacy between the two leaders probably won’t fundamentally change the trajectory of their relationship. Xi Jinping understands this. Let’s hope Donald Trump does, too.

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