US
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Elon Musk’s $1 trillion Tesla pay plan wins shareholder approval
Tesla shareholders approved a record-breaking pay plan for Elon Musk. The $1 trillion performance-based package ties his reward to growth and valuation milestones through 2035, reviving a 2018 plan struck down by a Delaware court and underscoring investor faith in his leadership despite governance concerns.
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U.S. tariffs and chip curbs deepen strain on Asia’s trade axis
China’s October exports fell 1.1% as U.S. tariffs dampened demand. Japan faces its first contraction in six quarters, and Washington has moved to block Nvidia’s AI chip sales to China — three fronts of tightening pressure across Asia’s trade and technology corridors.
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Trump announces US–Uzbekistan trade deal
Trump announces new US–Uzbekistan trade and investment deal. The agreement, unveiled in Washington during a summit with Central Asian leaders, forms part of a wider US effort to deepen influence in the region’s critical industries and expand commercial links across energy, aviation, and technology.
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US Supreme Court questions legality of Trump’s global tariffs
US justices questioned Trump’s emergency tariff powers. In a closely watched hearing, the Supreme Court appeared sceptical of claims that the president can use emergency authority to impose sweeping global tariffs, raising doubts over one of Trump’s key trade pillars.
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U.S. weekly jobless claims fall to 219,000 amid signs of labour-market steadiness
US initial jobless claims fell to 219,000 this week, easing slightly. The decline suggests the labour market remains resilient amid uncertainty over growth and Federal Reserve policy, though economists caution that underlying hiring momentum remains subdued and structural pressures may be building across key sectors.
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Nvidia expands South Korea ties with major chip deals
Nvidia will supply more than 260,000 of its new Blackwell AI processors to South Korea. The company is also in talks with Samsung Electronics to secure next-generation HBM4 memory for its data-centre chips, marking a deepening alliance with the country’s tech sector.
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Tesla recalls 6,197 Cybertrucks in US over light-bar fault
Tesla is recalling 6,197 Cybertrucks in the US. The safety regulator says an off-road light bar could detach and pose a hazard to other vehicles. The company will install additional fittings or replace the light bar assembly free of charge for affected owners.
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Corpay to acquire Alpha Group in £1.8 billion cash deal
Corpay moves to acquire UK-based Alpha Group International. The £1.8 billion all-cash agreement will see the London-listed payments and foreign-exchange provider become part of the U.S. financial services group. The deal extends Corpay’s reach into Europe’s institutional markets and highlights renewed overseas appetite for UK-listed fintech businesses.
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Trump renews criticism of Powell as Fed faces data fog
Trump criticised Fed Chair Powell today as the central bank readies another rate cut. The Federal Reserve is preparing to lower rates again this week amid political pressure, a data blackout, and signs of internal division, raising fresh questions over its independence and policy direction.
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Barclays to buy US personal loan platform Best Egg for $800 million
Barclays will acquire US personal-loan originator Best Egg for $800 million. The move deepens the bank’s push into American consumer finance, adding around two million new customers and broadening its foothold in unsecured lending and digital credit services.
