06 November 2026 · China | The World in Summary

06 November 2026

Updated 11/06 07:00 (Beijing time)

90-day archive

Economy

Nasdaq suffers worst day in 18 months as midterm results fuel AI slowdown fears

The Nasdaq Composite fell 5.5%, its steepest daily decline in 18 months, as investors worried that the US midterm election results could lead to tougher regulation of AI data centers and the wider industry. More than $2tn was erased from the index’s value, pushing it into correction territory.Investor concerns about a possible tightening of regulation for AI data centers and the wider artificial intelligence industry spread after the US midterm election results. The Nasdaq Composite fell 5.5%, its worst daily decline in 18 months. The index entered correction territory, defined in the report as more than 10% below its recent record high, and lost more than $2tn in value by the end of trading.

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

World Bank data shows that debt owed by developing countries reached a record $9.4tn last year. The poorest countries faced their highest external-debt interest costs since the late 1980s, limiting their ability to invest for the future.World Bank data shows that debt owed by developing countries reached a record $9.4tn last year. The poorest countries paid the highest interest costs on external debt since the late 1980s. The cost of servicing that debt is preventing developing countries from investing for the future. The UK government is preparing to champion a new drive on debt during its G20 presidency next year.

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World

Eight killed in a series of shootings in western Turkey

Eight people were killed in a series of shootings in western Turkey, with victims found in three separate vehicles, according to local reports.A series of shootings in western Turkey killed eight people. Local reports said the victims were found in three separate vehicles. The available report does not provide information about a motive or suspects.

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Democrats widen House lead to nearly 100 seats as US midterm results develop

As vote counting continued in the US midterm elections, Democrats widened their lead in the House to nearly 100 seats by flipping additional seats in states including Ohio, Arizona and North Carolina.As counting continued in the US midterm elections, Democrats widened their lead in the House to nearly 100 seats. They flipped additional seats in Ohio, Arizona and North Carolina. In Mississippi, the Senate race between Republican incumbent Cindy Hyde-Smith and Democratic challenger Scott Colom remained extremely close.

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Tech

UK government considers restrictions on smart glasses over covert filming concerns

The UK government is considering restrictions on smart glasses amid concerns that the technology is being used to film women covertly. A minister suggested that sales to “certain users” could be restricted.The UK government is considering restrictions on smart glasses because of concerns that the technology is being used to film women surreptitiously. Safeguarding minister Satvir Kaur indicated in the House of Commons that sales of the technology to “certain users” might be restricted. The available report gives no details of a specific measure or timetable.

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Asia

Report says NewJeans contracts waived rights to sleep, rest and free choice

A New York Times report said K-pop group NewJeans signed restrictive contracts with their label when the members were aged 14 to 17, waiving rights to “sleep, rest and free choice.”The New York Times reported that members of the K-pop group NewJeans signed restrictive contracts with their record label Ador when they were between 14 and 17 years old. The report said the contracts waived their rights to “sleep, rest and free choice.” The available information does not state how the contracts will be legally assessed or what steps may follow.

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Sports

Fifa seeks talks on limiting women’s Olympic football to under-23s

Fifa wants talks with the International Olympic Committee about limiting women’s Olympic football to under-23 players because of fixture congestion and workload concerns. The 2028 eligibility rules are already set, so any change could apply no earlier than Brisbane 2032.Fifa wants to discuss with the International Olympic Committee whether women’s Olympic football should be limited to players under 23. It cited fixture congestion and the workload of senior players as concerns, while the IOC has indicated it is open to dialogue. Eligibility rules for the 2028 Los Angeles Olympics have already been set, so any change could take effect no earlier than Brisbane 2032.

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Bournemouth stay perfect in Europa League as Milan suffer home defeat

Bournemouth beat 10-man Sparta Prague 3-1 to make it four wins from four in the Europa League, while Ferencvaros defeated Milan 2-0 away from home to maintain a 100% record.Bournemouth beat 10-man Sparta Prague 3-1 in the Europa League. The result gave Bournemouth four wins from four matches and strengthened its prospects of direct passage to the last 16. Ferencvaros defeated Milan 2-0 away from home and also maintained a 100% record.

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China from Outside

UK and US condemn 10-year sentence for Hong Kong activist Joshua Wong

The UK and US condemned the 10-year prison sentence handed to Hong Kong pro-democracy activist Joshua Wong after he pleaded guilty to “foreign collusion” under the national security law. The UK said the law was being used to target individuals for political expression.The UK and US condemned the 10-year prison sentence imposed on Hong Kong pro-democracy activist Joshua Wong. Wong was sentenced after pleading guilty to “foreign collusion” under the national security law. The UK Foreign Office said the sentence showed that the law was being used to target individuals for political expression.

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