World News

COP31: Consensus on climate deal unlikely as global leaders clash

sland nations seek urgent emissions cuts, Europe backs electrification, while developing countries demand climate finance and fossil fuel producers defend continued use of hydrocarbons

Nvidia crisis: Senate panel summons Jensen Huang, Howard Lutnick to testify

Senior US officials are discussing Commerce Secretary Howard Lutnick's possible exit as lawmakers question the administration's oversight of advanced AI chip exports to China

World oil market is returning to surplus as Gulf exports recover, says IEA

Rising Middle East supplies and subdued demand are expected to push global oil production 1.7 million barrels per day above consumption in the fourth quarter

Europe must show readiness to join Ukraine peace talks, says Russia

Kremlin says no decision has been taken on European participation, despite US claims that Putin agreed to their inclusion

Inside Jensen Huang's final hours as Nvidia CEO amid affair scandal

Huang's exit leaves the chipmaker facing a leadership vacuum and questions over its succession planning

Broken and shattered: Jensen Huang's last hours as Nvidia Corp's CEO

After building Nvidia into an AI chip powerhouse, Huang resigned amid revelations of extramarital affairs and a board investigation into alleged foreign intelligence links

US wholesale inflation hits highest annual rate since 2022, PPI rises 6.5%

Excluding food and energy, wholesale prices climbed 5 per cent from a year ago and 0.3 per cent from September.

In Chinese spy operations, romance can be long game to reach the powerful

Jensen Huang's affair with a woman US officials say is a Chinese spy has drawn attention to the role of intimate relationships in espionage

Nvidia's next chapter: What its new leaders told staff after Huang's exit

Nvidia's interim CEO Colette Kress and new board chairman Harvey Jones have addressed employees after Jensen Huang's resignation, sharing the company's plans and next steps

US lawmakers push for tougher curbs on advanced AI chip exports to China

US House Speaker Mike Johnson said on Thursday there was growing consensus in Congress on limiting chip exports to China after a spy scandal forced out Huang

Five things to know about APEC as Trump, Putin and Xi set to attend summit

Founded as an informal 12-member dialogue effort in 1989 in the Australian capital Canberra, it has become the region's premier economic forum to foster ties on advancing growth, trade and investment

Iran's Guards say they targeted a US early-warning radar in Bahrain

The Guards ​said the strike was in retaliation ​for what they described as an air attack on a telecommunications tower in Iran's southern Sirik county, in Hormozgan ​province

Alice Huang had stake in China data centre serving Huawei, says report

An investigation found Alice Huang had an indirect stake in a Chinese data centre operator whose key customer was Huawei Cloud

From gaming chips to AI dominance: How Nvidia became a tech powerhouse

Nvidia has grown from a maker of gaming chips into a major supplier of AI technology; its powerful chips, software and early investments have helped it become a global tech giant

Fallout from Nvidia scandal may dampen investor exuberance around AI boom

Huang, who stepped down Thursday following reports of extramarital affairs, was the very public face of a company that dominates the market for computer chips used to train and run AI models

Foreign businesses seized by Putin help fund Russia's war machine

Businesses whose operational management was transferred to local managers from their international owners are spending billions of rubles to fund the army, according to data

US lawmakers step up pressure on Howard Lutnick as Nvidia row deepens

US lawmakers have called on Commerce Secretary Howard Lutnick to explain delays in restricting chip exports to Megaspeed, a Singapore-based firm linked to an alleged Chinese spy

SpaceX to invest over $74 bn in Texas, Arizona supercomputing campuses

SpaceX outlined an investment of over $24 billion for a supercomputing facility in Texas's Rio Grande Valley and roughly $50 billion for a separate campus in Cochise County, Arizona

COP31 pushes electrification goal as groups call for mining safeguards

Turkey announced that electrification would be one of the main priorities during its copresidency of COP31 with Australia

US ICE deported record 483,000 people in past year under Trump admin

US Immigration and Customs Enforcement deported roughly 51% more people in the fiscal year that ended Sept. 30 than the previous year, according to data released by the Department of Homeland Security