World News

Meta, TikTok and X lose UK legal battle over Ofcom's safety data demands

Meta, TikTok and X lost a legal challenge against UK regulator Ofcom over information demands under Britain's Online Safety Act, which aims to protect children from harmful and illegal content.

Cursor says up to 5,000 users affected by tampered Claude Code extension

The extension attempted to collect ‌host and user information such as hostname, username, ​operating system and public IP address

What to know as Israel polls leave Netanyahu, opposition without majority

Weeks of negotiations to build a majority coalition and name a prime minister likely lie ahead, with another election possible if they fail

Chinese parents sue OpenAI over daughter's death linked to ChatGPT advice

The parents allege that ChatGPT encouraged their daughter to reduce her epilepsy medication and are seeking stricter restrictions on AI-generated medical advice

US plans to ban Chinese telecom firms from direct access to phone numbers

The US Federal Communications Commission said on Thursday that ‌it will vote on November 19 on ​a proposal to ban China Mobile, China ​Telecom and China Unicom and other IP-enabled service providers

Microsoft's $25 billion blowout bond puts it in AI winners' circle

The software giant, and one of the premier AI hyperscalers, drew more than four times demand for its 10-part debt sale Thursday

Credit swaps for tech companies reach records amid supply concerns

In the credit derivatives market, the cost of protecting Broadcom Inc.'s debt against default for five years rose by about 10 basis points to 175.4 basis points a year

Glacial lake burst triggers flash flood in Bhutan, no injuries reported

A flood caused by the Shintaphu glacial lake bursting its banks damaged infrastructure at the Gasa Tshachu hot springs, a major tourist attraction

Big tech's $750 billion AI bet faces strain with slowing core growth

The earnings reports and the ensuing stock selloffs expose the tensions escalating over big tech's transition to new AI-powered products, and the spending required to get there

Putin warns Europe against Baltic Sea curbs, flags Hormuz-like disruption

Putin noted that Russia opposed curbs on navigation in the Baltic Sea, warning that interference with maritime transit could lead to a situation comparable to the disruption witnessed around Hormuz

Amazon burns cash, Intel flags weak PC demand as AI boom strains markets

Surging data-center spending, as highlighted in Amazon's massive cash burn, has turned once debt-light tech giants into major borrowers, while price hikes are squeezing global demand for devices

Netanyahu's bloc wins 53 seats in Israel polls but falls short of majority

Results released early Friday showed the pro-Netanyahu bloc winning 53 seats in the 120-member Knesset, and 48 seats for rival Eisenkot's bloc

Binance's possible hack triggers $3 billion freeze in crypto assets

The market impact of the possible hacking, which could be the largest-ever crypto heist according to analytics firm Chainalysis, was felt immediately in early Asian trading on Friday

Microsoft's cloud growth, cash flow offer respite from AI spending fears

Microsoft's Azure cloud business grew 48% in the September quarter, while free cash flow reached $18.6 billion, easing investor concerns over mounting AI infrastructure spending.

Israel seeks election probe after Netanyahu alleges Arab vote rigging

Israel's election watchdog has sought a probe into alleged foreign interference after Netanyahu questioned high Arab voter turnout, as his bloc fell short of a parliamentary majority.

Microsoft eyes to raise at least $25 billion in first US bond since 2017

Microsoft is seeking to raise at least $25 billion through its first US bond sale since 2017, testing investor appetite for AI-linked debt amid rising borrowing costs and spending concerns.

Datanomics: Will US replace Singapore as India's top FDI destination?

Indian investment commitments of over $330 billion in the US could boost outward FDI flows, potentially challenging Singapore's position as the top destination for Indian investments.

US economy expands 3.4% in Q3 as consumer spending, AI investment rise

The US economy grew at an annualised rate of 3.4% in Q3, beating forecasts of 3.2%, as resilient consumer spending and AI-driven investment offset the impact of higher oil prices.

Christine Lagarde to step down as European Central Bank chief in Feb 2027

Christine Lagarde, who took charge of the ECB in 2019, steered the eurozone through the Covid pandemic, the Ukraine war, an energy crisis and inflation pressures linked to the US-Iran war

Nvidia chief Jensen Huang reportedly targeted in Chinese spy plot

US intelligence agencies reportedly identified a Megaspeed executive with ties to Nvidia CEO Jensen Huang as a Chinese intelligence asset, raising concerns over AI chip exports.