World news, briefly.
Updated daily at 7 AM Thailand time
A technology-stock sell-off intensified after disappointing earnings from major companies, wiping nearly $1tn from the Nasdaq’s value in one week and about $2tn in a month. The S&P 500 fell more than 1%, while the Nasdaq dropped more than 3%.
theguardian.com (English) ↗＋ SaveUS stocks recorded their worst session since June as selling in technology shares intensified. Treasury yields fell as investors sought safer assets, while Japan’s Nikkei also declined after the Bank of Japan left interest rates unchanged.
apnews.com (English) ↗＋ SaveForeign ministers at the G20 meeting in the United States are expected to struggle to reach common positions as disagreements over the wars in Ukraine and the Middle East overshadow the gathering. Russia’s participation and South Africa’s exclusion are adding to tensions.
marketscreener.com (English) ↗＋ SaveDockworkers in Europe and elsewhere went on strike on October 30 as part of an international campaign opposing arms shipments and demanding better working conditions. A maritime insurance executive said the 24-hour action was unlikely to significantly disrupt global trade, though some time-sensitive cargo could be affected.
apnews.com (English) ↗＋ SaveBinance suffered a crypto hack estimated at $6.3bn, described as the largest heist of its kind. Experts identified North Korea as a likely culprit, while Binance said it would cover customer losses and had frozen about $3bn of the affected assets.
theguardian.com (English) ↗＋ SaveGoogle’s stock fell to a six-month low after the company revealed that its AI-generated search summaries were affecting advertising revenue, causing the company’s value to plunge by $500bn.
bbc.co.uk (English) ↗＋ SaveA federal appeals court rejected the Justice Department’s request for California to set aside disputed ballots received in the midterm election. The ruling was described as another setback for the administration’s effort to assert greater federal control over state-run elections.
apnews.com (English) ↗＋ SaveFederal prosecutors have targeted President Trump’s political opponents and sued states over election administration shortly before the midterm elections. The New York Times compares the activity with the Justice Department’s usual conduct during an election year.
nytimes.com (English · subscription) ↗＋ SaveEngland’s Red Roses defeated the United States 55-12 in the WXV Global Series, with Claudia Moloney-MacDonald scoring four tries. The result extended England’s unbeaten run against the USA to 22 matches since 1991.
theguardian.com (English) ↗＋ SaveNew Zealand defeated India by 87 runs in the fourth Twenty20 international in Auckland. Glenn Phillips scored 107, allowing New Zealand to avoid a series whitewash after India had won the first three matches.
icc-cricket.com (English) ↗＋ SaveStories in this section will appear in a future update.
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