RETALIATION FROM CHINA NORTH KOREA IRAN
After fridge hacks, home appliances could be next, warns EU cyber chief
Supermarkets in at least 12 European countries were hit by cyberattacks in October and November, with France the worst affected.
Makkah defence pact with Saudi Arabia, Turkiye not directed against any country: Pak Deputy PM Dar
Pakistan's Deputy Prime Minister Ishaq Dar highlighted the Makkah Joint Defence Agreement with Saudi Arabia and Turkiye. The agreement is aimed at enhancing regional stability without targeting any specific country. Dar emphasized the importance of collective security and Pakistan's balanced foreign policy strategy in light of geopolitical tensions. He also addressed the ongoing conflicts in Jammu and Kashmir and Palestine as crucial regional issues.
Hormuz LNG traffic hits highest in October since Iran war began
October exports were the highest since February when the war started and were up from September's corresponding tally of 23 vessels exiting the strait, the data showed.
Police kill man accused of raping and murdering niece in West Bengal, CM says police can retaliate in self-defence
Dilip Roy was killed in a police encounter while allegedly trying to flee. He was accused of raping and murdering his 12-year-old niece, whose body was found in a forest. Police had been searching for Roy for four days before tracking him down near the Bengal-Bihar border. Following his attack on the police, they retaliated in self-defense, resulting in his death.
AI slump revives Asia’s forgotten trades from China to India
Global investors are rethinking their Asia bets as the AI trade loses momentum following the US midterm elections. India and China are emerging as potential beneficiaries of the shift, with funds rotating towards undervalued stocks, domestic growth, healthcare, consumer companies and financials. India's limited AI exposure, easing oil prices and renewed foreign inflows are strengthening its appeal.
Iodine tablets and radiation fears: Is Iran preparing for the worst?
Iran has reportedly begun distributing iodine tablets to residents near its nuclear facilities amidst rising tensions. US military preparations against Iran have heightened anxieties about a potential attack on sensitive nuclear sites. Pickaxe Mountain, a key complex near Natanz, poses significant radiological risks if targeted in any confrontation. Iranian officials have warned of retaliatory actions that could extend far beyond the immediate conflict area.
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US Treasury sanctions Canadian money services firms over Iran-related transactions
US Treasury imposed financial sanctions on eight Canadian money services firms involved with sanctioned Iranian entities. The sanctions block access to dollar-based financial systems and prohibit transactions with US persons. Secretary of the Treasury Scott Bessent stated that Canada cannot provide safe havens for illicit financial facilitators. Additionally, MEXC Global, a virtual currency exchanger, was cut off from the US financial system.
Trump could woo North Korea after midterm setback, but Kim may not respond
Following an unfavorable midterm election, Trump may pivot towards foreign policy engagement with North Korea, as analysts suggest this could fortify his legacy. Nevertheless, the North seems disinclined to reciprocate Trump's overtures, and regional partners, including South Korea and Japan, are apprehensive about being excluded from talks with Kim Jong Un. The intricate dynamics of the situation are likely to hinder productive discussions moving forward.
Iran sent nuclear proposal to the US via Qatar, senior Iranian official says
Iran has sent a nuclear proposal to the United States via Qatar in response to seven demands. Mediators are actively working to prevent further conflict between Iran and the US after the midterm elections. The US is reportedly reviewing the proposal while Iran has set specific conditions for negotiations. These conditions include lifting sanctions and releasing frozen assets.
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.
Trump's midterm defeat dims hopes of North Korea meeting
A meeting between Donald Trump and Kim Jong Un seems less likely following Trump's midterm election defeat. Analysts believe Kim has less incentive to engage with Trump in the current political environment. North Korea's leadership expresses reluctance to resume dialogue, citing distrust toward the US government. The ongoing nuclear ambitions of North Korea add complexity to potential negotiations between the two leaders.
South Korea to expand anti-piracy unit operations closer to Strait of Hormuz
South Korea is planning to broaden the operational area of its Cheonghae unit in the Middle East. Following pressure from Donald Trump, the government aims to submit a parliamentary motion for an extended deployment. The operations will include waters near Oman’s Duqm port, significantly closer to the Strait of Hormuz. Additionally, the country will deploy a P-8A maritime patrol aircraft and increase personnel.
US Midterm Elections: Reasons why Republicans lost Ground far beyond swing states. Warning signs were at the gas pump and grocery store
Democrats won control of Congress in the 2026 midterms, putting Donald Trump on the defensive. Voters’ frustration over prices and the Iran war made it harder for Republicans to defend the administration’s record.
Iran warns of wider war if US attacks after Trump election rout
Iran's supreme leader, Mojtaba Khamenei, expressed that the Middle East conflict may escalate if US attacks continue. Trump's political defeat in the midterms may limit his military options, yet he retains authority to strike. Iran's leadership is emphasizing the outcome of the elections as a rejection of war by the American public. Diplomatic discussions are ongoing, aiming to prevent further hostilities between Iran and the US.
Iranian officials gloat as US voters deal blow to Donald Trump
Iran's leaders praised the midterm election results in the US, interpreting them as a rejection of Trump's wartime decisions. The Democratic victories were seen as evidence of American frustration with rising gas prices driven by ongoing conflict. Concerns remain in Tehran about potential military actions from Trump following his electoral defeat. Iran is preparing for possible retaliations should hostilities resume in the region.
Tesla misled South Korean customers about automated-driving tech, consumer group alleges
Tesla has marketed Full Self-Driving (Supervised) software to prospective buyers in South Korea for years, often collecting lump-sum payments of 9.043 million won ($6,726).
Tesla misled South Korean customers about automated-driving tech, consumer group alleges
Tesla is facing a consumer complaint in South Korea over allegedly misleading customers by selling its Full Self-Driving (FSD) software to buyers whose vehicles cannot legally use it. The software, which was sold for a one-time payment of 9.043 million won ($6,726), is compatible with only about 20% of Tesla cars registered in the country, mainly US-made models.
Asian companies to ramp up investments in US amid supply-chain shifts
Citi expects investments by South Korean, Japanese and Taiwanese companies in the US to rise as global supply chains shift. The bank also sees growing cross-border business flows involving India and China, creating opportunities in transaction banking and financial services.
US secretly attacks Iran's Qeshm Island at strategic Hormuz gateway: Report
The United States has reportedly launched covert attacks on Qeshm Island in Iran to protect commercial vessels. President Trump publicly minimized the likelihood of a renewed conflict while suggesting diplomatic negotiations could be effective. Iranian officials have cautioned that any escalated military action will lead to retaliatory measures in the region. Washington is considering multiple options for further actions, including airstrikes and economic sanctions.
'A trite provocation': North Korea denies involvement in $6 billion Binance hack, criticizes FBI probe
North Korea has rejected the claims of its involvement in the recent Binance cryptocurrency theft exceeding USD 6 billion. The FBI had accused North Korean hackers of orchestrating the heist, linking it to previous cyber incidents. Kim Yo Jong noted that the US has a history of making such accusations against North Korea.
Binance sees outflows stabilising as exchange returns online after $6.3 billion heist
Binance customers pulled $3.64 billion, or 2.1% of its assets, as the world's biggest cryptocurrency exchange resumed service after a security breach linked to North Korea saw $6.3 billion stolen from the platform last week.
Binance sees net outflows of $3.64 billion after resumption of withdrawals
On November 1, Binance reported net outflows of around $3.64 billion as withdrawals resumed after a pause. During this period, withdrawal volumes reached over $4.64 billion while deposits amounted to $1.01 billion. The exchange stated that the percentage of outflows represented 2.1% of its total assets. Despite the large outflows, Binance highlighted that deposit volumes remained substantial and withdrawal volumes began to stabilize.
Crypto Heist: Binance covers 95% tokens, resumes withdrawals
Binance has officially restarted withdrawals for select cryptocurrencies such as bitcoin and ether, following successful recovery of a substantial amount of stolen funds linked to a massive North Korean heist. Notably, last year saw $2.9 billion in cryptocurrency stolen through multiple incidents. The crypto exchange intends to further restore withdrawal capabilities for more assets in subsequent phases.
Binance to resume withdrawals after recovering bulk of $6 billion in stolen funds
Binance has announced the resumption of cryptocurrency withdrawals after recovering a significant portion of stolen assets. The exchange has identified a North Korean unit behind the theft and is actively working to recover remaining tokens. Law enforcement agencies are tracking the laundering of stolen assets into cryptocurrencies. Binance has committed to covering the financial losses incurred due to the hack.
G20 foreign ministers to end Atlanta meeting without consensus on key issues
Top diplomats from the G20 nations met in Atlanta, discussing critical global security issues without consensus. Significant divisions arose, particularly regarding Russia's war with Ukraine and the Iran conflict. Instead of a joint communique, a chairman's statement will summarize their discussions. Participants hoped to make the upcoming G20 leaders summit in Florida a success despite disagreements. U.S. Secretary of State Marco Rubio emphasized the need for unity during the conversations.
'Missile shield at Mar-a-Lago, mass burial drills': Is Trump ready?
The US military is enhancing its presence in the Middle East as tensions with Iran escalate. Preparations include reinforcing air defenses and conducting battlefield casualty exercises that have not occurred in decades. Recent reports suggest a possible military campaign against Iran could commence following the midterm elections. Despite ongoing diplomatic efforts, significant disagreements remain regarding nuclear negotiations and sanctions.
South Korea to respond firmly to North Korean breaches of border, security aide says
South Korea plans to respond firmly to protect its military border amid rising tensions with North Korea. After a landmine blast injured South Korean soldiers, the UN Command stated that it violated the armistice. Seoul demanded North Korea to halt fortification work near the inter-Korean border as it escalated tensions. Kim Yo Jong announced plans to activate anti-South Korean propaganda loudspeakers along the border.
Kim Jong Un calls for rapid expansion of drone technology and observes weapons tests
North Korean leader Kim Jong Un has called for a rapid expansion of the country's drone technology and oversaw tests of drones, missiles and other weapons, state media reported. The developments come amid rising tensions with South Korea following recent border incidents and renewed weapons activity. Kim's push to strengthen unmanned technology also comes as North Korea seeks to improve its military capabilities and potentially gain leverage in future talks with the US.
North Korea fires missile barrage toward the sea as tensions with South rise
In a show of defiance, North Korea has test-fired nearly 10 short-range ballistic missiles into the sea off its eastern shores amid rising frictions with South Korea. This move follows North Korea's threats to revive propaganda efforts and introduce new military assets to the region. Kim Jong Un recently strengthened ties with China, highlighting their support amid escalating tensions linked to past border disputes.
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