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Pressure grows on Trump's Commerce Secretary Lutnick in fallout from Nvidia scandal

Nov 13, 2026

Scott Bessent told CNBC that several government agencies "were in favour of putting Megaspeed on the entity list for months".

Wall Street Loses a Powerful Dealmaker After Nvidia’s CEO Is Ousted

Nov 13, 2026

Microsoft’s Global Outage and Fixes: What We Know

Nov 13, 2026

Why is Microsoft's outage lasting so long and will emails be lost?

Nov 13, 2026

Despite Nvidia’s Drop, Stocks Push Ahead

Nov 13, 2026

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Nov 13, 2026

Microsoft Says Outage Disrupting Outlook Is Improving

Health services, schools, police departments and companies worldwide reported disruptions to their work. The cause was unclear, though Microsoft appeared to rule out a cyberattack.

Nov 13, 2026

Are board games making a comeback this Christmas?

Nov 13, 2026

Democrats Eye Strict New Limits on White House Budget Powers

Nov 13, 2026

Asian Americans Share Disappointment and Fear After Jensen Huang Scandal

Nov 13, 2026

Bessent Faults Commerce Dept. for Failing to Blacklist Megaspeed

Interesting Read

Why Jensen Huang Was Essential to Nvidia’s Rise

Jensen Huang was the driving force at Nvidia, with 60 direct reports and no clear succession plan. Tripp Mickle, one of our technology reporters, examines Mr. Huang’s central role in the company and the artificial intelligence industry.

Nov 13, 2026

Lutnick faces questions over Nvidia spy scandal. His sons’ firm has deep ties to the chipmaker

Jensen Huang’s resignation as Nvidia CEO has brought renewed scrutiny to Commerce Secretary Howard Lutnick and his family’s financial ties to the chipmaker.

Nov 13, 2026

Chicago Fed's Goolsbee says central bank 'has definitely got work to do' on inflation

The policymaker expressed concern about the latest inflation data, telling CNBC that the central bank likely will need to take action.

Nov 13, 2026

Deed Theft Is Rising, Along With Property Values

The victims are often older people or immigrants, with thieves going after vacant land or unoccupied homes. But there are ways to protect yourself.

Nov 13, 2026

Govt raises full-year GDP growth forecast to 4.8pc

The government on Friday raised Hong Kong’s economic growth forecast for 2026 to 4.8 percent from the previous forecast of 3.5 to 4.5 percent. The rise in the full-year GDP forecast came as the SAR saw strong economic expansion in the third quarter while expecting solid growth in the final three months of the year. Speaking at a press conference, Government Economist Irina Fan said the economy grew by 5.2 percent year-on-year in the third quarter, up from the 4.2 percent growth in the preceding quarter. She said economic growth in the first nine months of this year reached 5.1 percent over a year earlier – the fastest pace in five years. “The Hong Kong economy is poised for a strong full-year performance, supported by robust global AI investment and related trade,” Fan said. “Incoming data on entering the fourth quarter also pointed to sustained growth momentum. Domestic demand should stay resilient.” She said three drivers of the economy – exports, investment and consumption – continued to grow. The labour market also stayed broadly stable in the third quarter, with growth in employment earnings over a year earlier, she said. On inflation, Fan said consumer price inflation has so far been lower than expected. She noted that while the pass-through of higher oil prices earlier was likely to continue in the coming months, price pressures on other fronts were expected to remain largely contained, so overall inflation should stay moderate. Fan said the forecast for underlying consumer price inflation rate for 2026 was revised down to 1.9 percent from the previous forecast of 2.5 percent. The official also said the government will continue to monitor external risks. “Uncertainties in the external environment persist, including those from geopolitical tensions, US monetary policy, trade protectionist measures, so all these warrant closer monitoring,” she said. Edited by Edmond Fong

Nov 13, 2026

One Man’s Quest to Create the Perfect Whiskey Glass

An Austrian designer is unveiling a version that aims to solve an age-old problem for connoisseurs: how to keep the alcohol from overpowering the aroma.

Nov 13, 2026

Tech fallout weighs on HK, mainland markets

Regional stocks ended mostly lower after a turbulent week dominated by revelations of extramarital affairs involving Nvidia cofounder Jensen Huang that culminated in his resignation, in a blow to the global AI boom he helped advance. In Hong Kong and the mainland, AI model stocks Z.AI and MiniMax Group fell sharply on worries of reduced access to advanced AI chips, while data centre suppliers Zhongji Innolight and Eoptolink Technology, whose businesses are heavily reliant on US markets, slumped. Jon Zauderer, Citi's head of specialist sales and a TMT specialist, said competitors such as AMD, Arista and Broadcom could benefit from the Nvidia fallout. In Hong Kong, the benchmark Hang Seng Index ended 370 points, or 1.5 percent, lower at 23,637 on turnover of HK$195.86 billion. The tech index dived 118 points, or three percent, to 3,813 while the China Enterprises Index fell 119 points, or 1.5 percent, to 7,937. Up north, the Shanghai Composite Index fell 21 points, or 0.59 percent, to close at 3,634, on turnover of 770.6 billion yuan. The Shenzhen Component Index was 229 points, or 2.05 percent, lower at 10,968 on turnover of 885 billion yuan while the ChiNext Index dived 83 points, or 3.32 percent, to close at 2,426 on turnover of 435.33 billion yuan. In Tokyo, the Nikkei ended 322 points, or 0.53 percent, higher at 61,142 for the day to log its biggest weekly gain, 6.46 percent, in five months, as upbeat earnings and renewed AI optimism helped the market recover from the previous week's sharp selloff despite concerns surrounding Nvidia. The broader Topix inched up four points, or 0.11 percent, to 3,941 for a weekly gain of 6.3 percent. In Seoul, the Kospi closed 52 points, or 0,98 percent, lower for the day but posted a strong weekly gain of 4.56 percent, recovering from a 12 percent plunge the previous week. (Agencies) Edited by Aaron Tam

Nov 13, 2026

HK stocks slip as region finds feet after Nvidia shock

Stocks in Asia were on steadier footing on Friday after a turbulent week dominated by revelations of extramarital affairs involving Nvidia cofounder Jensen Huang that culminated in his resignation, a blow to the global AI boom he helped advance. In Hong Kong, the benchmark Hang Seng Index started the day down 136 points, or 0.57 percent, at 23,871. The China Enterprises Index slipped 46 points, or 0.57 percent, to 8,010 while the tech index edged down 13 points, or 0.35 percent, to 3,918. Across the border, the Shanghai Composite Index opened up two points, or 0.08 percent, at 3,658. The Shenzhen Component Index rose 38 points, or 0.34 percent, to 11,236 while the ChiNext Index climbed 15 points, or 0.64 percent, higher to 2,525. Nvidia shares fell three percent in extended trading while those of its customers, including South Korea's Naver, extended declines on Friday, with Naver down 2.75 percent. Jon Zauderer, Citi's head of specialist sales and a TMT specialist, said competitors such as AMD, Arista and Broadcom could benefit from the Nvidia fallout. "If you think about the uncertainty that's created about a potential management change, investors are going to look for alternatives," he said. In Tokyo, the Nikkei opened 404 points, or 0.66 percent, higher at 61,223 and had doubled its gains to put the 225 benchmark 846 points up at one stage before lunch. In Seoul, the Kospi opened 109 points, or 2.05 percent, at 5,452 before drifting don to put the benchmark 72 points at one stage before noon. The tentative recovery in global equities also follows last week's market meltdown sparked by the Republicans' electoral drubbing in the United States, which stoked fears that tighter regulation could slow the AI infrastructure build-out that has helped send stocks to record highs this year. (Agencies) Edited by Aaron Tam

Nov 13, 2026

How the Jensen Huang affair changes the outlook for U.S.-China relations

The political climate heading into next week's Trump-Xi summit is drastically different from the last meeting in September.

Nov 13, 2026

Jensen Huang’s Resignation From Nvidia Worries the A.I. Start-Up World

Mr. Huang championed start-ups, with Nvidia holding $48 billion worth of stakes in 229 private companies, including OpenAI and Anthropic, at the end of July.

Nov 13, 2026

What are people emergency stockpiling?

From cider to candy canes: What people are emergency stockpiling

Nov 13, 2026

Fewer Fed Meetings Raise Stakes of Warsh’s Communications

The Federal Reserve will vote on interest rates less frequently beginning next year as part of a plan by the central bank’s chairman, Kevin M. Warsh, to overhaul how it operates.

Nov 13, 2026

Jensen Huang’s Fall Costs Asia an A.I. Ambassador to the U.S.

The ex-Nvidia C.E.O. was a bridge between companies and governments. His exit will reverberate, especially in China where it could accelerate a self-reliance drive.

Featured News

Pressure grows on Trump's Commerce Secretary Lutnick in fallout from Nvidia scandal

Wall Street Loses a Powerful Dealmaker After Nvidia’s CEO Is Ousted

Microsoft’s Global Outage and Fixes: What We Know

Why is Microsoft's outage lasting so long and will emails be lost?

Despite Nvidia’s Drop, Stocks Push Ahead

Latest News

Microsoft Says Outage Disrupting Outlook Is Improving

Are board games making a comeback this Christmas?

Democrats Eye Strict New Limits on White House Budget Powers

Asian Americans Share Disappointment and Fear After Jensen Huang Scandal

Bessent Faults Commerce Dept. for Failing to Blacklist Megaspeed

Interesting Read

Jensen Huang’s Resignation From Nvidia Worries the A.I. Start-Up World

What are people emergency stockpiling?

Fewer Fed Meetings Raise Stakes of Warsh’s Communications

Jensen Huang’s Fall Costs Asia an A.I. Ambassador to the U.S.

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Mortgage Rates Remain High as Affordability Challenges Persist

Shoplifters 'stealing to order' in Scottish shops

Howard Lutnick Took Softer Line on Nvidia as Calls for Tougher Controls Grew

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