The Economic Times
Elections 2026Global Business / The Economic Times
India's Ministry of External Affairs has rejected a lawsuit against its officials filed by Sikh separatist Gurpatwant Singh Pannun. The US court allowed Pannun to pursue service of summons on Indian officials through local courts. Pannun's claims involve alleged assassination plots that remain unproven in civil proceedings. Indian officials firmly deny involvement in these allegations and emphasize legal document protocols.
Iran's Revolutionary Guards have reported that two oil tankers caught fire in the Strait of Hormuz. The vessels were allegedly traveling along unauthorized routes when the incidents occurred. This action follows significant restrictions imposed on maritime traffic in the region amid ongoing conflicts. Additionally, the US has implemented a naval blockade in response to these developments. Tensions remain high as these incidents threaten global oil transportation routes.
Violent incidents occurred across Bangladesh, resulting in one death and multiple vehicles set ablaze overnight. Police reported that activists of the banned Awami League and its affiliates initiated crude bomb explosions at various locations. Tensions have risen after news surfaced about Sheikh Hasina's possible return to Bangladesh next month from India. Hasina, living in exile since August 2024, faces serious legal charges upon her potential return.
Modi calls Zelensky, Jaishankar dials Lavrov ahead of Abu Dhabi talks: Is India a power broker?
Maharashtra Chief Minister Devendra Fadnavis stated that only Sharad Pawar and Sunetra Pawar could clarify any merger plans. He noted that neither had informed the BJP about a potential merger of the two NCP factions. Fadnavis compared Sunetra Pawars leadership to that of her late husband, Ajit Pawar, declaring it unfair. He expressed confidence in river-linking projects helping eliminate drought in Maharashtra over time.
Naveen Kumar's mother, V. Pandiselvi, has not heard from her son for over six months. Kumar and five other crew members disappeared while onboard Iran-linked cargo vessels in May. Families face emotional turmoil and financial stress amid the ongoing conflict affecting shipping routes. The Indian recruitment agency has failed to provide information about sailors repatriation or safety.
California's rejection of Proposition 40 marks a pivotal moment in the state's political landscape, as voters dismissed a billionaire tax intended to fund healthcare and education initiatives. With significant financial backing from figures like Sergey Brin, who contributed over $100 million against the measure, the campaign highlighted a stark divide between younger supporters and older opponents worried about economic instability.
A fascinating discovery at the British Museum includes a lump of soil, wood, and metal that holds a Celtic brooch from the eighth or ninth century. This ancient jewelry is linked to Viking burial traditions. Following their raids, Vikings astutely transformed sacred church artifacts into symbols of status, indicating a timeline of activity in Britain that may precede prior assumptions.
US, Ukrainian, and European officials convened to strategize ahead of US-brokered negotiations in Abu Dhabi. The discussions focused on the war's conclusion and future security arrangements in Europe. Participants considered enhancing existing European security institutions after the conflict ends. A primary concern is to address post-war security needs and mitigate future conflict risks. Coordination efforts aim for a sustainable and lasting peace in the region.
Pankaj Chaudhary, the BJP president of Uttar Pradesh, has criticised Akhilesh Yadav's planned visit to the Ram temple. Chaudhary urged Yadav to visit and apologise for past incidents involving kar sevaks on December 6. This criticism is part of the BJP's broader strategy ahead of the upcoming 2027 UP polls. Akhilesh Yadav has previously raised concerns over alleged donation irregularities at the Ram temple.
Kitsap Fast Ferries has successfully increased passenger transport, carrying over 854,000 passengers in 2024. The local sales tax supports 84 percent of the operating costs instead of relying solely on ticket sales. More than half a million passengers used the Bremerton route, showcasing significant demand for faster service. The system's reliability was highlighted with high performance metrics in scheduled service.
Nvidia Chief Executive Officer Jensen Huang could face scrutiny regarding his relationship with Alice Huang. Concerns have arisen about her possible links to Chinese intelligence and potential implications for national security. As Democrats prepare to take control of Congress, lawmakers may intensify scrutiny on Huang's conduct and business dealings. Governance experts suggest that this situation could lead to changes in Nvidia's leadership structure.
Iran is utilizing the COP31 climate summit to highlight the consequences of a US missile strike on a school. The national pavilion features images of the incidents aftermath along with a virtual reality experience. Additionally, visiting officials will see exhibits from Ukraine addressing efforts in renewable energy amid conflict. The conference has become a platform for discussing global energy price increases related to regional conflicts.
The reports of Nvidia CEO Jensen Huangs alleged involvement in a spy scandal have sent shockwaves through the tech world. President Donald Trump defends Huang as an honorable guy, whereas Nvidias board of directors has confirmed an independent investigation into the Jensen Huang-Alice Huang case to understand whether Huang was under the radar of Chinese spy operations. Heres an entire timeline of how this spy drama unfolded.
British author John Harrison has won the 2026 Booker Prize for his dystopian satire The End of Everything, becoming the oldest recipient of the literary award at 81. The novel, which explores societal collapse and human resilience, was unanimously chosen by judges, marking a rare victory for speculative fiction.
Shashank Shekhar Jha resigned from his position as CEO of Artson Engineering to explore new career opportunities. He reflected on his four-year leadership as one of the most rewarding experiences of his career. Jha expressed gratitude to his team and assured a smooth transition during the notice period. Artson Engineering Ltd experienced a drop in share price following the announcement of his resignation.
Alice Huang, a finance professional, has transitioned to the AI chip industry with Megaspeed International. The company is under investigation for its links to advanced Nvidia chip exports to China. Reports suggest Alice Huang may have acted as an intelligence asset, raising concerns about potential national security breaches. Nvidia's board has initiated an investigation into its CEO's involvement with her.
US President Donald Trump revealed he issued a serious threat to an unnamed AI executive regarding security issues. After receiving intelligence about risk from an AI firm, he intervened directly with a warning of imminent arrest. Trump emphasized the need for American technological dominance in the face of competition from China and expressed a willingness to work with Democrats on regulations.
'We'll fight tooth and nail': House speaker Mike Johnson vows fight to win back Congress
US military officials evacuated aircraft from RAF Mildenhall amid a threat linked to Iran. Two refueling tankers were diverted to Germany after security concerns arose. Several additional tankers were moved to various sites throughout the day. This action followed an incident involving five arrests near RAF Fairford that prompted the withdrawal of US bombers. The exact nature of the current threat remains under discussion among US officials.
China's trade surplus has surpassed USD 1 trillion for the second consecutive year as exports continue to rise significantly. Imports increased sharply in October, contributing to a narrowing of the monthly surplus. The trade situation presents challenges as domestic demand remains sluggish while foreign competition intensifies. Trade discussions are anticipated between the leaders of the US and China amid ongoing global trade tensions.
October exports were the highest since February when the war started and were up from September's corresponding tally of 23 vessels exiting the strait, the data showed.
In a notable move, Nvidia's general counsel communicated with US officials about the ongoing inquiry into Megaspeed International's suspected chip smuggling. The detention of Megaspeed's executive, Alice Huang, has cast a shadow over Nvidia's involvement. Teter's interactions prompted restrictions on the Bureau of Industry and Security's measures against Megaspeed. As questions around chip sales arose, Megaspeed has steadfastly rejected the allegations, continuing to proudly uphold its partnersh
Gadi Eisenkot, a former military chief seeking to move Israel to the centre, was given the mandate Sunday by President Isaac Herzog to form a new government, a complicated task as neither he nor Netanyahu command a majority.
The comments from Trump came after Homeland Security Secretary Markwayne Mullin earlier Monday also said that while he has been fielding calls from Democrats interested in working on immigration policy, he was adamantly opposed to any deal that would include amnesty.
Reports suggest that Huang was involved with a woman suspected of being a Chinese spy. Huang has denied knowledge of her alleged intelligence ties. Nvidia's board is investigating whether Huang was a target of espionage. Shareholders have filed a lawsuit seeking more information on these national security concerns.
Oil prices fell due to President Trump's announcement regarding US military action against Iran, easing supply concerns. Brent crude futures dropped to $92.33 per barrel while WTI futures reached $86.50. Trump stated he would maintain a naval blockade in the Strait of Hormuz temporarily. OPEC's oil output increased in October, supported by higher production from Saudi Arabia and Kuwait.
The president called Huang, whose computer chips have helped to launch the artificial intelligence revolution, a very honorable man. The president said he had spoken with Huang.
Emissions from the burning of oil, gas and coal -- the main drivers of climate change -- rose by 0.9 percent per year on average in the past decade, hitting a record high in 2025, according to the Global Carbon Budget report.
Trump added that Iran has been decapitated but said he is still looking to make sure there's a long-term solution to ensuring that Iran's nuclear programme is defanged.
Gold prices edged lower in early Asian trade on Tuesday as investors awaited US inflation data later in the day for clues on the Federal Reserve's next policy move.
Rubio, who spoke to reporters after talks with his counterparts from the G7 industrialised democracies, said President Donald Trump will decide US policies as he sees fit, regardless of his Republican Party's wipeout in the midterms.
The Senate voted 73-25 to formally take up the bill, which senators and the president have pushed as a way to meet growing demand for electricity and other forms of energy that now face yearslong delays in getting to the grid.
British author M John Harrison was named the winner of the 2026 Booker Prize for his dystopian satire 'The End of Everything' at a ceremony in London on Monday night.
Brent crude futures fell $5.75, or 5.85 per cent, to settle at $92.57 a barrel, and prices continued falling after settlement, while US West Texas Intermediate futures dropped $3.98, or 4.38 per cent, to $86.85.
US Stock Market today: Each of the 11 major S&P 500 sector indexes rose on the session, with nine showing gains of more than 1 per cent on Monday. Industrials and consumer discretionary were the top performers, rising more than 3 per cent each.
The GTA 6 Preload will start on November 10, 2026. The players will have nine days to download the game. The file size of the game is around 212 GB. The preload time will differ for the users of PlayStation 5 and Xbox Series X|S. The game can only be played after its release on November 19. The preload will only help players to set things up in advance.
Claude Fable 5.2 targets coding, reasoning and AI agent tasks, while Claude Mythos 5.2 targets approved cybersecurity and life-sciences research applications.
Nvidias investigation into an alleged foreign intelligence effort involving CEO Jensen Huang has raised fresh questions about the companys leadership future. With no publicly identified successor and around 60 executives reporting directly to Huang, investors are facing the possibility that the chipmaker may struggle to replace its most influential leader.
Thomas Massie has proposed eight articles of impeachment against US Defence Secretary Pete Hegseth. The congressman from Kentucky has accused the Defence Secretary of operating military operations without congressional approval. Other elements of concern are the protection of civilians, revenge against a senator and military operations in Yemen and Venezuela. A vote could be held in the House within two legislative days.
Meta has said that Muse Ember is significantly cheaper than competitors like Haiku and Luna. Despite being designed as a lightweight execution model, Ember can process different types of information. Meta claims it supports text, images and audio. The objective is to make the AI agents faster and cheaper to operate.
Social Securitys 2032 warning: Millions of retirees could receive smaller monthly checks if the retirement trust fund runs out of reserves. Payroll taxes would still finance payments, but cover only 78% of scheduled benefits, according to trustees. Congress could prevent the reduction through legislation. Until then, workers may need additional retirement savings through 401(k) plans and IRAs.
National Chicken Sandwich Day 2026: Fast-food chains are celebrating National Fried Chicken Sandwich Day on November 9 with free sandwiches, discounted meals and buy-one-get-one offers. Popeyes, McDonalds, KFC, Burger King, Jollibee and Wingstop are among the participating brands.

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