World News

Why Democrats' win in US midterms could spell trouble for the AI boom

The Democrats' win in the US midterms has raised fears of tighter restrictions on data centre construction and AI development, leading to a fall in global technology stocks

Is Anthropic's mega IPO at risk over its $1.5 trillion valuation?

According to reports, some investors are seeking a lower valuation before committing to the offering, while others have raised concerns about whether the company can proceed with its planned listing

Diwali 2026: How NRIs are celebrating Indian traditions across the world

Diwali 2026 is bringing Indian communities together across the US, UK and Gulf. As Nov 8 nears, the Indian diaspora is celebrating Diwali through cultural performances, traditional food and more

Meet Nithya Raman, the India-born politician who won LA mayoral race

India-born Nithya Raman has defeated incumbent Karen Bass in the Los Angeles mayoral election, becoming the first South Asian and Asian American to lead the second-largest US city

Japan protests as Putin orders takeover of Japan Tobacco's Russia unit

The move transfers Japan Tobacco International's Russian business to a local company under temporary administration, adding to tensions over Ukraine and a disputed island

Rubio weighs leaving Trump administration after GOP's midterm loss

Rubio has discussed stepping down with White House officials but has not made a decision, according to a report. He later denied plans to quit, saying he intended to serve through Trump's term

Eight killed in shooting spree across three villages in western Turkey

The attacker opened fire at three locations in Afyonkarahisar province, killing eight people and injuring one, before police apprehended him in neighbouring Eskisehir. The motive remains unknown

Hegseth to face impeachment vote next week as pressure mounts over Iran war

Republican Congressman Thomas Massie plans to reintroduce articles of impeachment against the US defence secretary, accusing him of waging war on Iran without congressional approval

Indian-origin Nithya Raman wins Los Angeles mayoral race, scripts history

The 45-year-old former city council member defeated incumbent Karen Bass, becoming Los Angeles' first South Asian mayor. Her victory puts Indian-descent mayors at the helm of the two largest US cities

Hegseth approves more armed National Guard patrols across Washington

Two memos signed by US Defence Secretary Pete Hegseth allow troops to use 60 military police vehicles, tactical vehicles and patrol boats, with rifles permitted during some operations

Turkish lawmakers approve defence pact with Pakistan, Saudi Arabia

The 16-article Mecca Joint Defence Agreement treats an attack on one signatory as an attack on all three, while providing for intelligence sharing and closer military and defence industry cooperation

Trump blames US market crash on Democrats' midterm election victories

US President Donald Trump attributed one of the worst stock market declines in history to Democratic victories in the midterm elections, while assuring investors that markets would recover

Paraguay President Santiago Pena resigns following bank collapse

Paraguay's President Santiago Pena resigned after regulators seized Ueno Bank over risky lending, triggering protests, depositor panic and an impeachment debate.

Saudi Arabia extends $3 billion financial support facility for Pakistan

Saudi Arabia has extended its $3 billion financing facility for Pakistan, while Islamabad is seeking loan rollovers from China and Kuwait to meet its external financing needs.

Will return from exile in December at any cost: Bangladesh ex-PM Hasina

Sheikh Hasina has told the AP she plans to return to Bangladesh from India in December, despite a death sentence over the 2024 crackdown on protesters and the risk of arrest.

Tesla and SpaceX lose $130 billion as Democrats sweep Texas elections

Tesla and SpaceX shares fell 3.3% and 3.8%, respectively, wiping out nearly $130 billion in combined market value as Democratic victories in Texas raised political and regulatory risks for Elon Musk's

Democrats flex congressional majorities as Trump accepts electoral losses

Democrats have taken control of both chambers of Congress after sweeping midterm gains, setting up a legislative showdown with Trump as voters voice anger over the Iran war and rising living costs.

Bank of England raises rates for first time since 2023, says more may come

The BoE raised its key rate to 4% from 3.75%, warning that further hikes may be needed if the US-Iran conflict keeps energy prices elevated.

France faces fresh wave of protests amid deepening budget deadlock

The country's main unions from the public and private sectors have called for a nationwide mobilization, bringing together disparate sources of anger, including the grassroots Yellow Vest movement

Midterms are bad for incumbents, even worse when energy prices are high

Midterm elections have historically been difficult for incumbent presidents and often shift the balance of power in Washington DC