06 November 2026 · Mexico | The World in Summary

06 November 2026

Updated 11/06 07:01 (Mexico City time)

90-day archive

Economy

Global stocks tumble as fears over AI spending and data-centre growth spread

Global stock markets fell after a sharp sell-off on Wall Street, as investors worried that data-centre construction and AI spending could slow and weaken the investment boom supporting the sector.Global stock markets fell after a sharp Wall Street sell-off, with losses moving through Asia and Europe. Investors are concerned that data-centre construction could slow, weakening the spending boom behind the AI industry. Worries about returns on the sector’s large investments have also intensified. Despite the losses, some major indices remain higher than at the start of the year.

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Developing countries’ external debt reaches record $9.4tn, World Bank data shows

World Bank data shows that developing countries’ external debt rose to a record $9.4tn last year, while the poorest countries faced their highest interest costs since the late 1980s.World Bank data shows that developing countries’ external debt reached a record $9.4tn last year. The cost of servicing external debt is preventing them from investing, while the poorest countries are paying their highest interest rates since the late 1980s. The UK government is preparing to promote a new drive on debt during its G20 presidency next year.

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World

South Africa’s ANC faces major setback as vote share falls below one-third

With more than 80% of ballots counted in South Africa’s local elections, the African National Congress was on course to win less than one-third of the national vote, well below its 2021 result.The African National Congress was on course to receive less than one-third of the national vote in South Africa’s local elections, with more than 80% of ballots counted. The former liberation movement has led national governments since the end of apartheid in 1994. High unemployment, crime, corruption and poor local service delivery have contributed to voters turning away from the party.

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Tech

Russia and US move to block talks on binding rules for autonomous weapons

Plans to negotiate legally binding rules for autonomous weapons face opposition from Russia and the US ahead of a UN conference in Geneva attended by 128 countries.Plans to begin negotiating legally binding rules for autonomous weapons are in jeopardy. Russia and the US are leading opposition to the proposals ahead of a UN conference in Geneva this month. The conference, the seventh review meeting on certain conventional weapons, is due to be attended by 128 countries from 16 to 20 November. The scale of the opposition is expected to become clearer during diplomatic discussions before the meeting.

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Latin America

Pope Leo begins Latin America tour weeks after lung cancer surgery

Pope Leo has begun a lengthy trip to Uruguay, Argentina and Peru weeks after part of his lung was removed in surgery for lung cancer last month.Pope Leo has begun a lengthy visit to Latin America weeks after undergoing surgery for lung cancer last month, during which part of his lung was removed. The trip will include Uruguay, Argentina and Peru. The available information does not provide further details about his schedule or activities in the three countries.

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Sports

RFU chief confirms Wales has formally requested talks on Anglo-Welsh league

RFU chief executive Bill Sweeney confirmed that the Welsh Rugby Union has officially asked to join an Anglo-Welsh league, although no talks have yet taken place.Bill Sweeney, chief executive of the Rugby Football Union, confirmed that the Welsh Rugby Union has formally asked to join an Anglo-Welsh league. No talks have taken place between the organisations so far. The available information does not specify whether a league will be created or when any participation might begin.

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Mexico

US accuses Mexican judge of accepting $2m bribe to release drug suspect

US officials said a Mexican judge was arrested and accused of accepting a $2m bribe in exchange for releasing a Canadian citizen suspected of helping run a drug-trafficking group.The US Justice Department said Mexican judge Luis Benítez Alcántara was arrested and accused of accepting a $2m bribe to release Canadian citizen Andrew Clark from custody. The judge oversaw Clark’s extradition proceedings in Mexico in 2024. US authorities charged Clark with helping to run a billion-dollar drug-trafficking group allegedly headed by former Canadian Olympic snowboarder Ryan Wedding.

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