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Featured News

Anthropic heads for $1.3 trillion valuation in major stock market listing

Nov 10, 2026

The AI company behind the Claude chatbot will offer its shares at between $70 and $78.

New regulation for heating oil market, but no price controls

Nov 10, 2026

Civil servant who secretly held five jobs found guilty of fraud

Nov 10, 2026

Sales of tinned food and bottled water jump after 'Be Ready' campaign launch

Nov 10, 2026

Kim Kardashian's Skims offers refunds for $148 advent calendar after backlash

Nov 10, 2026

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Nov 10, 2026

Thousands of 'off-grid' homes eligible for £250 to help with heating bills

Households dependent on either heating oil or LPG and are eligible for reduced council tax will benefit.

Nov 10, 2026

Holiday hunger bill to face final Stormont hurdle

Nov 10, 2026

Faisal Islam: What the boss of US tech giant Nvidia told me about China and national security

Nov 10, 2026

Headteachers say families will struggle after another rise in school dinner prices

Nov 10, 2026

China’s Trade Surplus Passes $1 Trillion at Record Pace

Interesting Read

Fed Governor Waller sees December hike likely, opens door to possible half-point increase

The policymaker said he "is leaning toward" a rate increase in December and could support a half-point hike depending on inflation data.

Nov 10, 2026

China says trade surplus surpassed US$1tn in October

China's trade surplus exceeded US$1 trillion for a second year in a row, according to official data released on Tuesday. The nation's foreign trade in goods maintained strong growth momentum in the first 10 months of 2026, with imports posting especially robust gains, according to official data. Total imports and exports grew 20 percent year on year over the period, accelerating from 18.8 percent in the first nine months, according to the General Administration of Customs (GAC). Exports jumped 35.2 percent year-on-year to US$412.3 billion last month, according to the GAC, while imports in October expanded 41.6 percent to US$307.1 billion. Between January and October, the country logged a US$1.04 trillion trade surplus, even as the trade surplus narrowed last month to US$105.3 billion from US$133.5 billion in September as imports picked up pace. Analysts expect China to surpass the record US$1.2 trillion surplus it hit last year. “We expect Chinese exports to stay strong for the rest of this year, led by electronics and autos,” said Dave Chia, an economist at Moody’s Analytics. Meanwhile, exports to the United States surged 32.9 percent last month, the GAC data showed. The figures come ahead of another meeting between President Xi Jinping and his US counterpart Donald Trump at the Asia-Pacific Economic Cooperation (Apec) summit in Shenzhen next week. The two have navigated a shaky truce to a trade war since their meeting in October 2025. They also met twice this year. Beijing on Monday officially announced the extension of a trade truce with Washington due to expire on November 10 by two months, but said last week that expanding its purchases of US farm goods would hinge on the implementation of their agreed reciprocal tariff-reduction arrangement. "The risk of additional tariffs and other trade barriers will remain elevated in 2027, particularly as Chinese manufacturers continue expanding their presence in overseas markets," said Joe Peissel, lead macroeconomist at Trivium China. Greater reliance on exports, however, leaves China's economy increasingly exposed to any slowdown in global demand. Much of the strength in exports this year has been fuelled by a global push to expand AI infrastructure. "The outlook for exports depends on how long the AI boom will last," Macquarie analysts wrote. They expect China's exports to accelerate further in the fourth quarter before starting to slow from the first quarter of 2027. (Agencies) Edited by Tony Sabine

Nov 10, 2026

US military surrenders in court fight with WuXi AppTec

The US military has removed mainland biotechnology company WuXi AppTec from its list of Chinese military companies, according to a government posting. The deputy secretary of defence made the determination on Monday in light of a federal court in Washington barring the department from enforcing the designation, the posting said. The ruling came in a lawsuit WuXi AppTec filed after the Pentagon added it to the list, saying its designation was arbitrary, capricious, unsupported by the facts and "the product of political pressure". The US military's headquarters at the Pentagon expanded its blacklist of alleged "Chinese military companies" on June 8 to 188 entities. "This decision relieves the company from further adverse consequences of the 1260H designation," WuXi AppTec said in a filing to the Hong Kong bourse on Tuesday morning, referring to the list that is kept under section 1260H of a US defence law. "We remain committed to serving our customers and enabling the lifesaving and life-improving medicines they make for patients," the company added. (Reuters) Edited by Tony Sabine

Nov 10, 2026

HK, regional markets get a bump from Wall St gains

Asian stocks rose on Tuesday as a drop in oil prices after US President Donald Trump said he planned to hold off on new military strikes against Iran lifted sentiment ahead of US inflation data that could sway the near-term interest rate outlook. In Hong Kong, the benchmark Hang Seng Index opened up 172 points, or 0.7 percent, at 24,621. The China enterprises index rose 38 points, or 0.47 percent, to 8,298 while the tech index climbed 31 points, or 0.78 percent, to 4,072. Two chip-sector firms debuted in Hong Kong, with AI chip designer Suzhou Denglin Technology falling into loss territory at the start of trading and semiconductor packager and tester Jiangsu Xinde Semiconductor Technology making a much stronger debut. Across the border, the Shanghai Composite Index opened up 21 points, or 0.58 percent, at 3,682. The Shenzhen Component Index put on 167 points, or 1.51 percent, to open at 11,313 while the ChiNext Index rose 59 points, or 2.44 percent, to 2,518. In Tokyo, the Nikkei opened 596 points, or 1.02 percent, higher at 59,372 and was 1,725 points or almost three percent higher at one stage before noon. In Seoul, the Kospi surged 228 points, or 4.55 percent, to open at 5,247 amid gains for its heavyweight chipmakers – 3.74 percent for Samsung Electronics and 5.28 percent for SK Hynix. The gains came as Brent crude futures were hovering at their lowest levels since early September, well below US$100 per barrel, as investors pinned their hopes on possible talks between the United States and Iran. They were last down one percent at US$91.56 a barrel. The US-Israeli war with Iran, which erupted at the end of February, has stoked inflationary concerns across the globe, spurring major central banks to raise rates in recent months. Nick Twidale, chief market strategist at ATFX Global, said the latest developments offered hope that an end to the conflict could be approaching, but there was still a considerable gap between diplomacy and a lasting peace agreement. "The risk now is that markets have moved too far, too quickly... any indication that negotiations are faltering could see a substantial rebound in prices as traders rapidly rebuild the geopolitical risk premium," he said. The slump in oil prices eased inflation worries and helped lift stocks after last week's rout as a sweeping victory by Democrats in the US midterm elections fed concerns that new regulations could dent the durability of the AI trade. On Monday, the S&P 500 clocked its biggest one-day jump since April, closing up 2.35 percent while the Nasdaq closed 2.7 percent higher, its best day in over four months. "We believe resets in expectations are healthy, and the AI trade appears to be working through a reset of its own at the moment," said Anthony Saglimbene, chief market strategist at Ameriprise. Earnings reports due this week from tech companies such as CoreWeave, a barometer of investor anxiety over AI, will be another test for markets as investors fret about the cost of the AI buildout. Saglimbene said Anthropic's prospective IPO could be an important test of investor confidence. Market focus remains on Nvidia after the second-most valuable company in the world said its board was probing whether CEO Jensen Huang had been the target of a foreign intelligence operation. A media report alleged he had a close relationship with a Chinese businesswoman who passed information to Beijing. Huang has said he was unfaithful to his wife. Shares of Nvidia, which is due to report earnings next week, fell 4.2 percent. Daniel Morgan, a portfolio manager at Synovus Trust who holds Nvidia shares, said certain personalities in the technology space were so intertwined with the success of the company it was hard to separate the two. "But the companies can still be successful long after the original founders have taken on a lesser role," he said, adding he remained confident that Nvidia would continue to maintain its lead in the GPU AI chip market even if Huang was forced to step down to a lesser role. All eyes will be on US inflation data later in the day, with prices likely to have increased at a moderate pace in October, economists said, and remaining stubbornly high enough for the Federal Reserve to raise interest rates next month. Traders are pricing in an 84 percent chance of a rate hike next month versus 74 percent a week earlier, a CME FedWatch tool showed after a blowout October jobs report on Friday. (Agencies) Edited by Tony Sabine

Nov 10, 2026

Nvidia plunges as tech shares rebound, oil slides

US stocks rallied on Monday, as a drop in oil prices tempered inflation fears and helped the S&P 500 rebound from its biggest weekly drop since April 2025, and tech shares jumped even as AI heavyweight Nvidia slumped with controversy swirling around CEO Jensen Huang. Last week, stocks slumped after a sweeping victory by Democrats in the US midterm elections fed concerns that new regulations could dent the durability of the AI trade. Markets were in rally mode even as Nvidia, the second-most valuable company in the world, tumbled over 4 percent and closed at its lowest level since April 7. Investors questioned CEO Huang's future at the AI chipmaker after an internal investigation was launched into whether a foreign intelligence effort had targeted him. China has dismissed the spying allegation as a baseless smear. "The AI story is not going away if people are worried about that, the Democrats are not going to destroy AI. They can't. It's got a life of its own. They can put regulation around it, but they're certainly not stopping it," said Ken Polcari, partner and chief market strategist at SlateStone Wealth in Jupiter, Florida. Providing further support was a sharp drop in crude oil prices that helped dampen concerns about price pressures, as US President Donald Trump downplayed the likelihood of renewed strikes on Iran. "Oil prices for sure, if they're down, that's certainly adding fuel to the fire," said Polcari. The Dow Jones Industrial Average rose 1,104 points, or 2.2 percent, to 52,389, the S&P 500 gained 173 points, or 2.4 percent, to 7,549 and the Nasdaq Composite gained 673 points, or 2.7 percent, to 25,253. The S&P recorded its biggest daily percentage gain since April 8, while the Nasdaq marked its biggest daily advance since July 30. Inflation readings are on the docket this week as the US Labour Department will release its Consumer Price Index report for October on Tuesday and Producer Price Index on Friday. Some analysts on Wall Street also viewed last week's decline as an overreaction. Morgan Stanley and UBS said last week's rout in AI stocks was overdone, and risks were low of extreme regulation of data centre developments, even with Democratic majorities in the US Congress. Even as oil prices have eased, expectations for a rate hike at the Federal Reserve's December policy meeting remain above 80 percent, according to CME FedWatch, as October's strong jobs report gave the central bank latitude to continue raising rates. Chipmakers surged. The Philadelphia Semiconductor Index shot up 6.9 percent after plunging more than 12 percent last week, its biggest weekly drop since the week ended April 4, 2025. Nvidia was the sole decliner in the index on Monday, while Broadcom, up 8.8 percent, and Advanced Micro Devices, up 13.3 percent, were the two biggest boosts. Shares of investment giant KKR advanced 1.7 percent after its quarterly profit hit a record high. Constellation Energy, an energy firm with exposure to the AI buildout, shot up more than 10 percent after its adjusted third-quarter profit surpassed expectations. (Reuters) Edited by Cecil Wong

Nov 9, 2026

Oil Prices Fall on Hopes for Peace Between U.S. and Iran

The global benchmark price is down roughly $20 a barrel since late October, when it traded for around $113.

Nov 9, 2026

Jensen Huang exit odds are low on prediction markets after Nvidia probe

Prediction markets traders price relatively low odds that the Nvidia CEO will depart in the near term.

Nov 9, 2026

Goldman CEO Solomon says AI financing remains strong despite market jitters

Goldman CEO David Solomon says investor appetite for AI infrastructure remains strong despite a reset in AI stocks and political uncertainty around data centers.

Nov 9, 2026

Disney, Adobe strike deal to co-develop AI models

Disney and Adobe have struck a multi-year deal to co-develop custom generative AI models for the media giant with the goal of scaling AI tools across its theme parks, studio and sports media businesses. The move, announced on Monday, will start with speeding up project development timelines at Disney's Experiences division, home to its global theme parks, resorts and cruise lines, and for concept exploration at StudioLAB, the innovation hub within Walt Disney Studios. Adobe will also work with Disney to use AI tools to boost engagement with sports fans at ESPN and bring more of ESPN's content archive to audiences. Through Adobe's Firefly Foundry, which lets enterprises build and deploy custom AI models, the two companies will work on gen-AI models trained on Disney's intellectual properties that will generate production-ready outputs. The models will be private and proprietary to Disney. Walt Disney Imagineering, the creative, design, and research and development arm behind Disney Experiences, has deployed a custom image generation model and a sketch-to-image model that can turn hand-drawn sketches into fully-rendered concept art. "We talk about the time frames in our projects in years – it's years' worth of development. And what Adobe Foundry has allowed us to do is compress the creative process that would have taken months to now being able to do that in hours and days," Kyle Laughlin, senior vice president of R&D technology and engineering at Disney, said in an interview. "We're able to run through multiple iterations quickly with these tools. And that helps us reduce costly changes in the field once we get into the construction of these experiences," Laughlin said, adding that the tools will help accelerate creative development at Disney and are "in no way meant to replace" roles at Imagineering. Earlier this month, Bloomberg News reported that Disney was considering cutting thousands of jobs and has asked some managers to target 20 percent in annual cost savings. (Reuters) Edited by Aaron Tam

Nov 9, 2026

Nov 10, 2026

Trump says FBI investigating Nvidia boss's affair with alleged Chinese spy

The US president said he spoke with Jensen Huang on Monday and asked him about the affair with the alleged spy.

Nov 10, 2026

Justice Dept. Accuses Lyft of Disability Discrimination in Lawsuit

The department said Lyft and its drivers routinely deny rides to people who use stowable wheelchairs or travel with service animals. Lyft disputed the allegations.

Nov 10, 2026

Final chapter for bookshop after rise in bills

The Chicken and Frog in Brentwood says business rates and electricity bills have risen dramatically.

Nov 10, 2026

New chief outlines main issues facing Isle of Man

The chief minister says connectivity and food storage were among his top government priorities.

Featured News

Anthropic heads for $1.3 trillion valuation in major stock market listing

New regulation for heating oil market, but no price controls

Civil servant who secretly held five jobs found guilty of fraud

Sales of tinned food and bottled water jump after 'Be Ready' campaign launch

Kim Kardashian's Skims offers refunds for $148 advent calendar after backlash

Latest News

Thousands of 'off-grid' homes eligible for £250 to help with heating bills

Holiday hunger bill to face final Stormont hurdle

Faisal Islam: What the boss of US tech giant Nvidia told me about China and national security

Headteachers say families will struggle after another rise in school dinner prices

China’s Trade Surplus Passes $1 Trillion at Record Pace

Interesting Read

Trump says FBI investigating Nvidia boss's affair with alleged Chinese spy

Justice Dept. Accuses Lyft of Disability Discrimination in Lawsuit

Final chapter for bookshop after rise in bills

New chief outlines main issues facing Isle of Man

Business News

Stock Market News

Economy News

Australia considers criminal penalties for rogue AI in wake of OpenAI hack

‘We Used to Be a Wealthy City’: Auto Woes Slam German Towns

Californians reject wealth tax for billionaires

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