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

Nov 11, 2026

The BBC understands the discount chain, which has been edging towards administration, will be given more time to find a buyer.

The Global Story

Nov 11, 2026

The United States Is Skipping COP31 in Turkey

Nov 11, 2026

Christmas toy rush being driven by squishies and building sets

Nov 11, 2026

What we know so far about Jensen Huang's affair with suspected Chinese spy

Nov 11, 2026

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Nov 11, 2026

Electricity bills to rise by 2.5% from March

The increase will add just over £1 per week for a typical all-electric home, Jersey Electricity says.

Nov 11, 2026

Lawsuit Says Republican Strategist Alex Bruesewitz Took Money From Qatari Interests

Nov 11, 2026

Robot vessels take on the dangerous work of mine hunting

Nov 10, 2026

Toyota Plans to Sell a Kei Pickup Truck in the U.S.

Nov 10, 2026

Nvidia hires major US law firm to investigate alleged Chinese spy affair

Interesting Read

Mainland stocks edge higher, HK shares end down

Hong Kong's stock market ended lower on Wednesday, with the Hang Seng Index down 0.98 percent to close at 24,315 points. The Hang Seng China Enterprises Index dropped 1.14 percent to 8,171, and the Hang Seng Tech Index slid 1.41 percent. On the mainland, the Shanghai Composite Index reversed earlier losses and closed up 0.5 percent while the blue-chip CSI300 index added 0.4 percent. The Shenzhen Component Index closed 1.32 percent higher. Tech shares led the gains. The start-up board ChiNext Composite index rose 3.1 percent and Shanghai's tech-focused STAR50 index climbed 2.8 percent. Around the region, equity markets were stuck in a narrow range with traders caught between rate hike expectations and oil-market tensions. A hotter-than-expected consumer inflation reading in the US and hawkish policymakers drove up bets of a quicker pace of rate hikes. "The resulting rise in global bond yields and strengthening dollar put pressure on A-share valuations," analysts at Nanhua Futures said in a note. "This round of recent market recovery has been driven mainly by domestic measures to support markets and a temporary easing of overseas uncertainties. "However, both the strength and durability of these factors appear limited. While market sentiment has improved somewhat, investors remain broadly cautious, and stock indexes are expected to trade in a range in the near term." Elsewhere, oil prices rose on Wednesday after falling to two-month lows in the previous session, as the market swung between hopes of de-escalation in the Iran war and concerns over continued attacks on shipping in the Strait of Hormuz. (Xinhua/Reuters) Edited by Tony Sabine

Nov 11, 2026

Alibaba announces plans to list T-Head, its Nvidia chip rival

Alibaba noted it had already filed confidentially on Sept. 11 to list T-Head on the Hong Kong Stock Exchange.

Nov 11, 2026

HK urged to chase long-term 'patient capital'

Hong Kong should go after money that stays put, not cash that flees at the first wobble, the Financial Services Development Council said on Wednesday, in a push to tighten the city's hold as Asia's wealth-management hub. The council has set out ways in a new report to attract this “patient capital” from pension funds and insurers at home, on the mainland and overseas. The council's Vice-Chairman, Ding Chen, said the report aims to turn Hong Kong into a long-term capital hub. "The central objective of this report is to make Hong Kong not only a place where capital is raised, and traded, but also place where capital is managed, invested, and reinvested over a longer period of time," she said. The report says there should be more products investors can buy, including bonds and a wider range of stocks, with tighter risk controls. It also calls for more cross-border channels, especially for pensions and insurance. Rocky Tung, the council's executive director, said this stickier money could be "the stabilising force" amid market swings, which supports new financial products and backs growth that lasts. "There is a lot of investment coming in and out of a market or an economy, and they are here only for the short run," he said. "And with that in mind, if there is anything less than ideal, they would pull the money out of the market and subsequently the economy. So that will create a lot of turbulence and it will exaggerate the economic cycle. "With patient capital, they have the mindset of a long-term vision, they are going to be the stabilising force." The report noted that mainland insurers held 41.3 trillion yuan in assets at the end of last year, but only 5.4 percent of that is invested outside the mainland — well below the 15 percent they are allowed. Mainland pension savings stood at 15.66 trillion yuan in 2024. The report said that as populations age, demand for more diversified cross-border investment and a better match between assets and long-term liabilities would bring unprecedented growth opportunities for Hong Kong's patient capital. Edited by Tony Sabine

Nov 11, 2026

HK, mainland stocks open lower

Global bonds tumbled and the greenback stayed firm after a hot US inflation print and hawkish central bank rhetoric raised the risk of an outsized half-point rate hike from the Federal Reserve next month. Hong Kong and mainland stocks, meanwhile, opened lower on Wednesday. The Hang Seng Index was down 202 points, or 0.83 percent, at 24,354. On the mainland, the benchmark Shanghai Composite Index opened 0.22 percent lower at 3,655 whereas the Shenzhen Component Index fell 0.32 percent at 11,205. In Japan, the Nikkei share gauge climbed for a third straight session as data and earnings reports restored some optimism to the battered AI sector. The benchmark Nikkei 225 advanced 0.8 percent to 60,942 as of the midday break. The Kospi in Seoul rose 0.4 percent during morning trade. (Reuters/Xinhua) Edited by Edmond Fong

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

Anthropic targets valuation of up to US$1.4 trillion

Anthropic plans to raise up to US$64 billion in its upcoming initial public offering, the artificial intelligence giant said in a filing on Tuesday, putting the company's total valuation at up to US$1.4 trillion. The maker of AI agent Claude said in a filing with the US Securities and Exchange Commission that it aims to sell 825 million shares of Class A common stock at a Wall Street debut price estimate of "between US$70.00 and US$78.00" per share, amounting to US$64.3 billion. Anthropic had been expected to raise up to US$100 billion in its IPO, which would have made it the largest IPO on record. The stock market debut is being seen as a gauge of how long the AI spending boom lifting the US economy can last. And it comes as Wall Street is busy digesting the impact of the US midterm elections, in which Democrats won majority control of both chambers of Congress and are vowing to put the brakes on US President Donald Trump's agenda. Anthropic has been aiming to hold its initial public offering the week of November 16. On Monday the company announced it would release updated versions of two of its most powerful AI models, Fable 5.2 and Mythos 5.2, which it said can perform 30 percent faster than previous versions. Growth has been staggering at the company. Anthropic's revenue reached US$17 billion in the third quarter, up from just US$1.4 billion a year earlier, a securities filing showed earlier this month. On Tuesday, the company said its annualised projection, known as the run-rate revenue, "was approximately US$81 billion as of October 31, 2026, up US$10 billion from September 30." Estimates in recent months had forecast Anthropic's valuation at up to a staggering US$2 trillion, but the estimates have slipped along with a slide in AI stock prices on Wall Street. Several US media outlets including The Wall Street Journal and The New York Times on Tuesday estimated the valuation of the company at between US$1.3 trillion and US$1.4 trillion. (AFP) Edited by Cecil Wong

Nov 10, 2026

US stocks fall on hot inflation report

US stocks closed lower on Tuesday, as a hotter-than-expected inflation reading hardened expectations for a rate hike from the Federal Reserve next month and fuelled concerns the US central bank may be more aggressive in raising rates. The US Labour Department said the Consumer Price Index increased 0.4 percent last month, its third straight gain of 0.4 percent or more and above the 0.3 percent estimate of economists polled by Reuters, after advancing 0.6 percent in September. The data came after Fed Governor Christopher Waller said the central bank should raise short-term borrowing costs in December even if data showed inflation cooled last month, and should consider an upsized half-point rate hike if the inflation picture worsens. Markets are now completely pricing in a rate hike of at least 25 basis points at the Fed's December meeting, according to CME FedWatch, up from 84 percent on Monday, while expectations for a 50 basis point increase climbed to 11.8 percent after garnering no consideration at all in the prior session. The 2-year US Treasury yield, which typically moves in step with interest rate expectations for the Fed, surged nearly 18.9 basis points to 4.736 percent and was poised for its biggest daily gain since April 9, 2025, after US President Donald Trump launched sweeping global tariffs. The jump in yields has come even as oil prices have eased to two-month lows as US officials have downplayed any imminent military actions against Iran. "What kind of has the market spooked a little bit is this idea of, 'Well, we were already pricing in a December hike... but maybe it's not 25, maybe it's 50, and maybe the Fed's more worried about inflation than I am, so let's sell some stocks,'" said Jason Ware, chief investment officer at Albion Financial Group in Salt Lake City, Utah. "From our perch, that is irrational. The thing that has pushed CPI up over the last six months and has the Fed a little bit more concerned and therefore has restarted hiking rates is because we've seen oil, energy and diesel push through in terms of inflation. If we have oil now going the other way ... this is all going to settle down." The Dow Jones Industrial Average fell 157 points, or 0.3 percent, to 52,231, the S&P 500 lost 29 points, or 0.4 percent, to 7,520 and the Nasdaq Composite lost 187 points, or 0.7 percent, to 25,065. The S&P 500 and Nasdaq had risen for two straight days, bouncing back from sharp losses last week sparked by concerns about the potential for government regulations slowing the AI buildout. But the S&P 500 technology sector dropped 1.4 percent on Tuesday as the worst-performing of the 11 major sectors, weighed down by another drop in Nvidia, which fell 5.4 percent and has tumbled 9.6 percent over the past two sessions. The company's stock reflects mounting concerns over CEO Jensen Huang's future at the chip company after it initiated an internal probe into spy claims involving Chinese businesswoman Alice Huang. China has dismissed the spying allegations as a smear campaign. Investors are also bracing for Anthropic's expected public listing later this month. The AI lab revealed that its initial public offering is expected to raise as much as US$64.4 billion, giving the company a fully diluted valuation of up to US$1.4 trillion. A listing by Anthropic could also force other AI heavyweights to compete harder for investor dollars and cause portfolio repositioning by investors. Neocloud firm CoreWeave shares closed down 0.5 percent but were up about 2 percent in extended trade after it topped Wall Street's revenue estimates on strong demand for its cloud services, easing some recent concerns about the sustainability of the AI boom and the company's debt burden. The stock is down 32 percent on the year. (Reuters) Edited by Cecil Wong

Nov 10, 2026

A Fan-Favorite Aquarium Screen Saver Is Leaving Roku

The Aquatic Life display, a welcome moment of Zen in the frenzied world of TV streaming, will go dark on Dec. 1 after its designer pulled the license.

Nov 10, 2026

Elevated Inflation Keeps Pressure on Fed to Raise Rates

October’s Consumer Price Index report showed a broadening of price pressures that has stoked concerns about the Federal Reserve’s grip on inflation.

Nov 10, 2026

Anthropic’s Giant IPO Will Tie It Closer to Nvidia

Nvidia planned to invest $10 billion in Anthropic alongside its initial public offering, the largest of the new financial commitments from several giants to the A.I. company.

Nov 10, 2026

Law on 'holiday hunger' passed by Stormont assembly

A majority of 49 to 24 assembly members backed the legislation, which was proposed by Sinn Féin's Danny Baker and welcomed by some parents and charities.

Nov 10, 2026

Who Is Alice Huang, the Woman in the Middle of Nvidia’s Spy Scandal?

Alice Huang, who U.S. intelligence determined is a Chinese asset, emerged from the high-flying world of Shanghai finance to work with tech titans and obtain essential A.I. chips.

Nov 10, 2026

Nvidia Hires Wachtell Lipton to Investigate CEO Jensen Huang’s Affair With Chinese Executive

Wachtell partner Joon H. Kim, a former acting U.S. attorney, is leading the inquiry into the chip maker’s chief executive.

Featured News

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

The Global Story

The United States Is Skipping COP31 in Turkey

Christmas toy rush being driven by squishies and building sets

What we know so far about Jensen Huang's affair with suspected Chinese spy

Latest News

Electricity bills to rise by 2.5% from March

Lawsuit Says Republican Strategist Alex Bruesewitz Took Money From Qatari Interests

Robot vessels take on the dangerous work of mine hunting

Toyota Plans to Sell a Kei Pickup Truck in the U.S.

Nvidia hires major US law firm to investigate alleged Chinese spy affair

Interesting Read

Anthropic’s Giant IPO Will Tie It Closer to Nvidia

Law on 'holiday hunger' passed by Stormont assembly

Who Is Alice Huang, the Woman in the Middle of Nvidia’s Spy Scandal?

Nvidia Hires Wachtell Lipton to Investigate CEO Jensen Huang’s Affair With Chinese Executive

Business News

Stock Market News

Economy News

Weil Gotshal Partners Vote to Shut Down After Nearly a Century

Claude chatbot maker set for $1.3tn stock market debut despite 'catastrophic' AI warning

Anthropic Targets Valuation of Up to $1.4 Trillion for Blockbuster I.P.O.

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