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Some under-25s should get fewer benefits, Milburn review to say

Nov 12, 2026

The proposed radical overhaul of the welfare system would move under-25s off the main sickness benefits.

Who could replace Jensen Huang as Nvidia's chief executive?

Nov 12, 2026

UK economy grows at fastest rate for more than two years

Nov 12, 2026

Are branded cold and flu tablets really worth the extra money?

Nov 12, 2026

Gas bills to rise as Middle East turmoil persists

Nov 12, 2026

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Nov 12, 2026

Tech Giants Invest in German Robotics Start-Up at $8.5 Billion Valuation

Agile Robots plans to expand in the United States and increase production in Europe after raising funds in a round led by SoftBank.

Nov 12, 2026

What we know as pressure builds on embattled Nvidia CEO Jensen Huang

Nov 12, 2026

Jensen Huang Said to Have Had Relationship With Nvidia Executive Who Reports to Him

Nov 12, 2026

Poundland set for more time to secure a rescue deal as emergency talks continue

Nov 12, 2026

Office buildings emptied out but are filling up again - as homes

Interesting Read

China's Ministry of State Security thrust into the spotlight by Nvidia CEO affair

China's Ministry of State Security is getting attention after news of Nvidia CEO Jensen Huang's affair with an alleged MSS spy.

Nov 12, 2026

Apec to spotlight Shenzhen's global fintech push

Shenzhen’s financial services sector has been increasingly shaped by the deep integration of fintech and by its expanding overseas reach, according to a senior executive at Ping An Property and Casualty Insurance Company. Those trends are likely to draw wider attention next week, when global leaders arrive in the southern Chinese city for the Apec summit. Xu Hua, assistant president of Ping An Property and Casualty Insurance Company, said the company’s own history mirrors Shenzhen's fintech development. Founded in the 1980s in Shekou – an industrial area in western Shenzhen – it has grown from a regional insurer into a service network covering more than 110 countries. Financial services already form one of Shenzhen’s four pillar industries. Ping An Property and Casualty Insurance Company is among the companies taking part in the meeting, and its parent, Ping An Group, is one of the official sponsors. Xu said Shenzhen’s financial industry is most characterised by the deep integration of finance and technology. "Shenzhen is an innovation capital. It brings together a group of representative technology companies. Technological innovation comes with trial and error and risk. It faces practical difficulties such as high research and development investment, rapid technology iteration and strong uncertainty," he said. "Wherever innovation goes, insurance must follow. Overall, technology is Shenzhen’s underlying character. What insurance needs to do is serve well as a shock absorber for the real economy, so that technology companies dare to innovate, dare to invest and dare to go global." Xu said the company has tailor-made more than 400 million yuan in dedicated risk protection for this summit. He believes the meeting will not only bring short-term benefits, but also have long-term value, and hopes that the exchange opportunities at the Apec meeting can be transformed into sustained project cooperation. For cross-border operations, he called for closer cooperation with insurers, reinsurers and professional service providers so that companies can better understand local risks and coverage requirements. In sectors such as new energy, advanced manufacturing and the digital economy, he proposed that industry partners jointly assess emerging risks and develop products that keep pace with innovation. Xu said that in addition to helping mainland enterprises go global and providing protection services for their overseas expansion, the company has also formed close ties with Apec economies. The sector’s scale underscores its role in the city: financial services account for nearly 15 percent of Shenzhen’s GDP, and the Shenzhen Stock Exchange had more than 2,900 listed companies as of the end of September. Edited by Aaron Tam

Nov 12, 2026

HK, region mixed as Nvidia faces crunch on Huang sack

Asian stocks wobbled at the start of regional trading on Thursday, while Nvidia shares plunged in after-hours trading on news that its board may oust longtime chief executive Jensen Huang. In Hong Kong, the benchmark Hang Seng Index opened down 194 points, or 0.8 percent, at 24,121. The tech index fell 32 points, or 0.8 percent, to 3,995 while the China Enterprises Index slipped 66 points, or 0.81 percent, to 8,105. On the mainland, the Shanghai Composite Index inched down seven points, or 0.21 percent, to open at 3,673. The Shenzhen Component Index was 28 points, or 0.25 percent, lower at 11,361 while the ChiNext Index was down 0.5 percent at 2,559. Nvidia's board is meeting late on Wednesday to decide whether to oust Huang, a source said, as the world's dominant supplier of AI processors grapples with the fallout of allegations that he had an affair with a suspected spy for China. The New York Times has also reported that Huang had had an affair with a company executive who reported to him. "It looks bad from every single angle," said Jake Dollarhide, chief executive at Longbow Asset Management in Tulsa, Oklahoma. "I believe the board won't oust him until they have an all-star, a known entity in the tech sector, to replace him. At the end of the day, let's not forget that the Nvidia chip is the centrepiece of the AI story." Shares in Nvidia slid more than eight percent after the bell, weighing on S&P 500 e-mini futures, which slipped 0.4 percent. In Tokyo, the Nikkei opened 226 points, or 0.37 percent, higher at 61,475 and was 390 points higher still at one stage before noon. In Seoul, the Kospi opened 10 points, or 0.2 percent, at 5,385 and, like the Nikkei, tracked up cautiously by 38 points at one stage before lunch. "Renewed optimism around AI drove US equities higher overnight, with positive developments around CoreWeave and Anthropic adding to enthusiasm around the sector and helping the S&P 500 and Nasdaq rally," Westpac analysts wrote in a note. (Agencies) Edited by Aaron Tam

Nov 12, 2026

Nvidia’s Stock Price Plummets as Board Is Said to Consider Jensen Huang’s Future as CEO

News of the board’s deliberations about Jensen Huang’s job drove Nvidia’s stock down more than 8 percent in after-hours trading.

Nov 12, 2026

Nvidia preparing to oust CEO Jensen Huang: WSJ

Nvidia's board is preparing to oust CEO Jensen Huang after he had two extramarital affairs, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. The board is preparing to meet as soon as Wednesday to determine his future, the report added. Huang's potential departure would leave a leadership vacuum at the roughly US$4 trillion chipmaker he co-founded and built over more than three decades to become the dominant supplier of AI chips at the centre of the global artificial-intelligence boom. The company's shares slid about 8 percent in after-hours trading. Including Wednesday's after-hours selloff, Nvidia has lost about US$600 billion in stock market value this week since the board announced its investigation. "Huang being removed immediately could be challenging for Nvidia since it does not have a succession plan in place... If Mr Huang broke the law or violated company policies, the board is likely to act as soon as they have proof," Gil Luria, head of technology research at DA Davidson, said. Earlier in the day, the New York Times reported that Huang had an extramarital affair with a company executive who reported to him. The relationship was with Kimberly Powell, Nvidia's vice president of healthcare, the New York Times said, citing five people who worked at the company. When reached by phone on Wednesday and asked about his relationship with Powell, Huang said, "I don't think you should be talking to me directly." He then hung up, the New York Times reported. Nvidia and Powell did not immediately respond to requests for comment. Reuters could not immediately verify the reports. The reports mark a sharp escalation in a controversy that began with revelations about Huang's relationship with Alice Huang, a woman US intelligence has said was involved in facilitating shipments of Nvidia chips to Chinese firms. Beijing has dismissed allegations that Alice Huang was a spy for China as "groundless speculation". In a memo to employees on Sunday, Huang acknowledged being unfaithful to his wife and took "full responsibility," but gave no details about the relationship. The same day, Nvidia's board launched an investigation into whether Huang had been targeted by a foreign intelligence operation. The probe is being overseen by independent directors with outside legal counsel. At the time, the board expressed confidence in Huang. US President Donald Trump has said he had not discussed the allegations with Huang but voiced support for the Nvidia chief, calling him "an honourable guy" who had "done an amazing job for our country." Huang faces a potential congressional subpoena if he doesn't respond to a request to provide a closed-door briefing about the allegations that he had a close relationship with the Chinese businesswoman. Huang co-founded Nvidia in 1993 with Curtis Priem and Chris Malachowsky. Its early hits were graphics chips for computer games, before its CUDA software opened the processors to general computing and, later, AI. (Reuters) Edited by Cecil Wong

Nov 11, 2026

CoreWeave results lift tech stocks as dollar gains

Stock markets rose on Wednesday on renewed optimism over AI following strong results from data centre operator CoreWeave, while the dollar extended a rally on expectations for at least one more Federal Reserve interest rate hike. Wall Street's main indices enjoyed a buoyant session led by the tech-heavy Nasdaq, which finished up 1.6 percent. "The primary catalyst for the upside action is, ironically, one of the primary catalysts for the downside action that had been seen in the AI trade," said Briefing.com analyst Patrick O'Hare. "That would be CoreWeave, which posted better-than-feared third-quarter results and issued a reassuring outlook that has quieted some of the debt financing concerns surrounding its AI buildout plans," he added. CoreWeave said sales would come in at US$13-US$13.3 billion this year, beating estimates and soothing worries about its ability to finance its heavy debt burden, which fuelled a sharp sell-off last month. Shares in CoreWeave surged nearly 25 percent. "This relief trade is carrying across the AI trade complex to include hardware, software, and semiconductor stocks," said O'Hare. The gains in US equities came despite signalling from US central bankers that the Fed will lift interest rates in December to address persistent inflation. The US dollar rose to its highest level since May 2025 after one top Fed official floated the idea of a 0.5 percentage point interest rate increase next month. After last week's rout fuelled by fears that Democrats would ramp up regulation of AI, tech stocks have bounced this week on bargain-buying and hopes that fears may have been overdone. "Overall, the market is putting AI doubts to one side and is focusing on revenue potential and mega cap IPO as we move through this week," said Kathleen Brooks, research director at XTB. Semiconductor companies advanced, including scandal-plagued Nvidia, which bounced 3 percent after a two-day rout following the bombshell revelation of an affair between CEO Jensen Huang and a woman suspected of being a spy. The firm is now the subject of an FBI investigation. The Dow Jones Industrial Average rose 254 points, or 0.5 percent, to 52,486, the S&P 500 gained 98 points, or 1.3 percent, to 7,619 and the Nasdaq Composite gained 400 points, or 1.6percent, to 25,466. Oil prices advanced after sinking on Tuesday on hopes for a US-Iran agreement to end their war and reopen the crucial Strait of Hormuz. (AFP) Edited by Cecil Wong

Nov 11, 2026

Prediction markets tied to clinical trials and drug approvals draw lawmakers' ire

Sens. Angela Alsobrooks and Ron Wyden are asking what steps the Department of Health and Human Services has taken to mitigate risks from the markets.

Nov 11, 2026

Fed's Goolsbee calls inflation report 'borderline disturbing' as central bank weighs more hikes

The consumer price index rose more than expected in October, raising alarm among Federal Reserve officials.

Nov 11, 2026

How a Suspected Chinese Spy Gained Access to Nvidia Chips

A woman whom U.S. intelligence identified as a Chinese spy had ties to Nvidia’s chief executive, Jensen Huang, dating to at least 2023. Ana Swanson, our reporter on trade and economics, explains what new photos show.

Nov 11, 2026

United Airlines Blocks A.I. Agents From Booking Flights

The carrier said that to protect customers’ information and comply with regulations, it was barring the digital assistants from logging into accounts and managing reservations.