GOVERNMENT STABILITY
Microsoft says sorry for global outage as it traces disruption to network upgrade issue; adds all products now operational
Microsoft services like Outlook and Teams faced a significant outage impacting users globally for over a day. The disruption began on Thursday, November 12, and continued into Friday, leading to severe communication issues. Microsoft reported gradual improvements in service restoration across affected areas during the outage. Many users still encountered intermittent access problems and delays in email delivery as the company worked on a resolution.
A bitter African feud, a leadership battle and Macron's diplomatic tightrope in Cambodia
Emmanuel Macron is scheduled to attend a summit of French-speaking nations in Cambodia starting Saturday. The meeting will address various international challenges, including tensions from an African conflict. Leaders from around 20 countries, including Canada and Vietnam, will also be present at the summit. France's influence will be significant in selecting the new secretary-general for the organization.
Microsoft reports progress in reviving email and other services during a global outage
The outage, which affected a wide range of Microsoft 365 services including Outlook, Teams and AI assistant Copilot, left people, institutions and businesses across the world without access to email and other platforms.
Microsoft dethrones Jensen Huang's Nvidia, then faces 18-hour global outage entering second day: What went wrong?
Microsoft recently became the second-most valuable company globally, overtaking Nvidia amid market turmoil. Nvidia's value dropped significantly due to a negative outlook on AI and leadership scandals. Concurrently, Microsoft experienced a major global outage affecting services like Outlook and Teams for over 18 hours. This disruption impacted various government and airline services across multiple countries. While recovery is underway, some users may continue to experience intermittent issues.
Canada sets annual target of 1.5 lakh new international students for 2027-29
Canada plans to admit 150,000 new international students annually from 2027 to 2029, down from 155,000 in 2026 and less than half the 305,900 target set for 2025. The cap forms part of a broader plan to hold new temporary resident arrivals at 370,000 a year, with students accounting for about 40% and temporary workers making up the rest.
Microsoft struggles to restore services as outage hits companies and governments worldwide
Microsoft's services like Outlook and Teams faced a significant global outage, disrupting operations for numerous users and businesses. Companies from Japan to Australia reported various issues, with Microsoft working urgently to resolve them. Despite some initial restoration of services, problems persisted, affecting email functionalities and productivity. Many governments, including Japan and the Philippines, took steps to ensure communication remained operational amidst the outage.
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Jensen Huang built the company that powers AI. Now Nvidia must find a way forward without him
Nvidia CEO Jensen Huang has resigned following weeks of controversy over alleged extramarital affairs and his links to a woman suspected of spying for China. His departure leaves the AI chipmaker facing leadership uncertainty, investigations and questions over national security, while Colette Kress takes charge as interim chief executive.
Reimagining tax compliance through trust
In 2025, the Income Tax Act sets the stage for a new paradigm in tax compliance within India. This legislation prioritizes transparent dialogue and collaboration between taxpayers and governmental bodies, aiming to restore trust and foster compliance. A comprehensive outreach strategy is set to engage diverse populations across the country. The effectiveness of this framework will rely on reinforcing the fiscal bond shared between the State and its citizens.
ETMarkets Smart Talk | Yields are attractive, but stagger fixed-income investments amid volatility: Devang Shah of Axis MF
In an interaction with Kshitij Anand of ETMarkets, Devang Shah, Head – Fixed Income at Axis Mutual Fund, said investors should consider building their fixed-income allocation gradually and focus on high-quality instruments, as oil prices, global interest rates and liquidity conditions could continue to fuel volatility in the bond market.
A combination of factors keep Tamil Nadu politics astir despite CM Vijay's popularity
Tamil Nadu Chief Minister C Joseph Vijay has asked TVK MLAs to remain vigilant against potential attempts to destabilise his government. The caution comes as the six-month bar on moving a no-confidence motion against the government has ended.
Kattappa stabbed Baahubali, but India won't: Piyush Goyal's message to a world full of betrayals
Piyush Goyal Katappa video: Piyush Goyal has invoked the famous Kattappa-Baahubali question from SS Rajamouli's blockbuster to highlight India's position as a reliable global trade partner. He says countries seeking trustworthy business partners can count on India, which stands by its commitments and never betrays its partners.
Terrorists open fire at CRPF checkpoint in Kulgam, three personnel injured; one critical
Three CRPF personnel were injured after two terrorists opened fire at a security checkpoint in Akhran village of Jammu and Kashmir's Kulgam district on Wednesday afternoon. One personnel is critically injured with wounds to his stomach and spine, while the other two were shifted to an Army hospital in Srinagar.
Fed's Paulson signals further gradual interest rate hikes to curb inflation
Federal Reserve Bank of Philadelphia President Anna Paulson signals support for further interest rate hikes to curb persistent US inflation, which remains above the Fed’s 2% target. Strong October CPI data, resilient employment and rising price pressures reinforce expectations of monetary tightening, with markets anticipating additional increases in December.
Alleged spy plot targeting CEO Jensen Huang raises questions about Nvidia's future
Jensen Huang has been synonymous with Nvidia since he co-founded it more than 30 years ago. The company now faces potential damage to its reputation and stock price, uncertainty over a possible successor and new scrutiny from shareholders and elected officials.
Why is Sheikh Hasina's plan to return to Bangladesh contentious?
Bangladesh has rejected a fresh passport request from former prime minister Sheikh Hasina, who plans to return from exile in India in December despite facing a death sentence over the 2024 crackdown on protesters. With Dhaka urging New Delhi to extradite her, Hasina's possible return could reignite political tensions, test the new government and threaten Bangladesh's fragile stability.
Congress leader Rahul Gandhi likely to visit Imphal on November 26
Rahul Gandhi is expected to visit Imphal on November 26 to meet internally displaced persons and assess the situation. He aims to understand the ongoing violence and insecurity that have affected the state. Recent ethnic clashes have resulted in significant casualties and a large number of displaced individuals. This trip follows a prior visit to relief camps in Manipur earlier this year.
Prominent finance and technology figures comment on Nvidia's probe into CEO Jensen Huang
Nvidia's board is looking into CEO Jensen Huang due to concerns regarding his relationship with a Chinese businesswoman. Analysts express uncertainty about Huang's future as CEO and its impact on Nvidia's stock. The investigation could lead to delayed decisions on investments and product launches in the semiconductor industry. Prominent figures in finance and technology are reacting to this ongoing situation.
HSBC upgrades India, downgrades China. Here are the sectors it likes now
HSBC has upgraded Indian equities to overweight and downgraded mainland China to neutral, citing improved valuations, stronger credit growth and resilient corporate earnings. The global brokerage favours financials, autos, industrials and consumer discretionary stocks, while remaining cautious on IT, staples and oil and gas amid growth and margin concerns.
Sheikh Hasina seeks new passport in clearest sign of Bangladesh return
The request marks the clearest step by Hasina to act on her plan to return to Bangladesh in December, more than two years after a deadly uprising ended her long rule, raising the prospect of fresh political and legal tensions in a country where her party is now banned.
AI analytics, technological upgrades to drive retail investor experience in new Samvat: NSE CEO Ashishkumar Chauhan
Highlighting the exchange's digital initiatives, Chauhan announced major technological upgrades aimed at improving the experience of the country's growing retail investor base.
Yemen urges Lebanon to curb Hezbollah's military support to Houthis, seeks joint action
Yemen's Foreign Minister Afrah Al-Zouba called on Lebanon to take action against Hezbollah's military support for Houthis. She emphasized the need for coordination between the two nations to protect their sovereignty and security. Lebanese Prime Minister Nawaf Salam condemned external military activities by Lebanese elements in Yemen's affairs. Salam stressed the importance of maintaining Lebanon's independence and avoiding involvement in foreign conflicts.
Trump discusses West Asia de-escalation with Qatar's emir; at least 30 killed in airstrikes in Yemen
US President Trump spoke with Qatar's Emir Sheikh Tamim about reducing tensions in West Asia. They focused on Qatar's mediation efforts to achieve security and stability in the region. In Yemen, airstrikes on a market resulted in the deaths of at least 30 people amidst ongoing conflict. Meanwhile, Italy's Foreign Ministry is seeking the release of detained Italians in the West Bank.
Centre allows five southern states to impose stock limits on rice, paddy; tightens vigil on holdings
Five southern states can impose stock limits on rice and paddy until January 31, 2027, to control prices. Traders and retailers must now disclose their rice and paddy stocks weekly on the Food Stock Portal. The government has allocated extra quantities of Bharat Rice to NAFED, NCCF, and Kendriya Bhandar for better availability. The rice sale target under the Open Market Sale Scheme is now doubled for 2026-27.
India bonds emerge as top Asian performers as oil, Treasury yields decline
This week, Indian government bonds saw a positive trend following a Democratic win in the U.S. midterm elections. The reduction in oil prices and Treasury yields eased rupee pressure, boosting investor confidence. The benchmark bond yield improved significantly, declining by approximately 22 basis points. Furthermore, the surge in foreign investments into Indian bonds marked a notable high since July, leading to enhanced overall market sentiment.
Iran FM Abbas Araghchi holds phone talks with Saudi counterpart: State media
The two regional powerhouses restored ties in 2023 after a freeze but have been at odds over the war in Yemen, where the Houthis are fighting the Saudi-backed internationally recognised government and have repeatedly launched attacks on the kingdom.
Donald Trump's political humbling after US midterms signals short-term gain, long-term pain for China
Donald Trump's US midterm election defeat could strengthen China's hand in upcoming US-China trade negotiations, giving Beijing leverage to push for tariff reductions and other concessions. However, Beijing remains wary of a potentially more hawkish US administration after Trump. China's concerns include Taiwan arms sales, a possible Iran war escalation, energy security and the future of its fragile trade truce with Washington.
India bonds climb in step with Treasuries as oil sinks
Indian government bonds increased for the fourth consecutive session following a Democratic win in the US midterm elections. This victory led to a decline in crude oil prices, easing inflation concerns for India. The 10-year US Treasury yield also fell significantly, impacting investors' expectations. A trader noted that upcoming inflation data would be critical for assessing the Reserve Bank of India's rate outlook.
ETMarkets Smart Talk| FDs, G-Secs or debt funds? UTI AMC's Anurag Mittal explains what works in a rising-rate cycle
In this edition of ETMarkets Smart Talk, Anurag Mittal, President & Head–Fixed Income at UTI AMC, shares his views on the changing dynamics in India’s bond market, the outlook for interest rates and bond yields, and how investors can position their fixed-income portfolios in a rising-rate cycle.
US Democratic win unlikely to ease firms' cost, tariff woes in near term, executives say
Global businesses expect limited immediate changes following Democrats' takeover of the US Congress, as high energy and raw material costs, inflation and strained consumer spending continue to weigh on operations. While some executives welcomed prospects of political stability, companies remain uncertain about tariffs, AI regulation and trade policies, amid fears of Washington gridlock.
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