SHANGHAI
Pakistan's Climate Minister Musadik Masood Malik to attend SCO Civilisational Dialogue in New Delhi
Pakistan is set to participate in the SCO Civilisational Dialogue Forum, which will occur in New Delhi. Musadik Masood Malik has been nominated to represent Pakistan at this significant event. The forum will take place from November 20 to 22, 2026, and aims to enhance cultural exchanges among SCO states. India's Ministry of External Affairs confirmed that several countries have been invited to participate in this dialogue.
Can Indian IT stocks regain momentum as AI-led disruption reshapes the sector?
The Indian IT sector has seen a rollercoaster of activity, where mid-sized companies have outperformed their larger peers recently. Increased deal bookings are promising, yet slow revenue growth due to client indecision lingers. The emergence of AI technology brings both new possibilities and pricing pressures for classic services. To sustain their margins in this shifting landscape, companies are honing their operational efficiency.
SCO meet: Russia, China, Iran to attend; minister Gajendra Singh Shekhawat 'hopeful' of Pakistan's participation
From November 20-22, New Delhi will be the venue for the first-ever Shanghai Cooperation Organisation (SCO) Civilisational Dialogue Forum, bringing together delegates from 15 nations. This forum is designed to foster cultural exchange, focusing on the interconnectedness of art, architecture, and language among the member countries, ultimately celebrating their rich shared heritage.
Billions in Nvidia chips, empty offices: The mystery of Megaspeed and Alice Huang, the alleged Chinese spy linked to Jensen Huang
Alice Huang, under investigation for espionage, is said to have associations with Megaspeed, a rising player in Nvidia chip dealings. The company has drawn attention for its financial growth over the past year, yet its ties to Chinese tech giants like Alibaba have raised red flags. Due to uncertain details about her links to Megaspeed, Huang has faced travel constraints, spotlighting serious issues regarding export laws and technology transfers.
Alice Huang was introduced to Nvidia's former CEO Jensen Huang, allegedly by her husband, Kang Wei. Who is he?
Jensen Huang, the disgraced founder of Nvidia, has recently made headlines for having two extramarital affairs: with Kimberley Powell, the company's vice president, and Alice Huang, a Singaporean businesswoman who US intelligence claims is a Beijing spy. After the controversy, he resigned as Nvidia's CEO.
Chinese company linked to Alice Huang obtained banned Nvidia chips: Bloomberg
Alice Huang is at the center of a significant controversy involving Nvidia, with allegations of her facilitating the procurement of prohibited AI chips. Reports suggest that Shanghai Longteng Intelligent Computing may have sourced Nvidia H800 chips through Aperia Cloud Services. Meanwhile, the former CEO of Nvidia, Jensen Huang, has stepped down amid various personal issues, intensifying scrutiny.
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World shares log modest losses as investors assess impact on AI sector from the Nvidia scandal
European and Asian shares mostly declined today as investors reacted to Jensen Huang's unexpected resignation from Nvidia, citing national security worries. Meanwhile, Microsoft faced a global service outage, yet the stock market remained largely stable. Asian markets, particularly Hong Kong's Hang Seng index, fell by 1.6 percent amid jitters surrounding the AI sector. Additionally, rising oil prices linked to remarks from the US President about Iran added pressure on stocks.
China's $3 billion-plus pipeline of Nvidia-powered AI data centres
A Reuters review has identified more than $3 billion worth of Chinese computing projects built around Nvidia's restricted AI processors, highlighting the US chipmaker's continued presence in China's AI infrastructure despite export controls. The findings expose Chinese developers' reliance on US technology and the risks of supply disruptions as Washington tightens restrictions.
Asian shares decline as investors assess impact of Nvidia's fallout on global AI development
Asian stock markets faced a downturn on Friday, driven by concerns over Jensen Huang's exit from Nvidia related to AI developments. This dip extended to US futures, mirroring Wall Street's losses linked to Nvidia's struggles. Various sectors experienced notable shifts, particularly in chip manufacturing. Meanwhile, oil prices advanced slightly due to geopolitical tensions, and the dollar experienced minor weakening against the yen while the euro gained traction in today's trading.
Chinese AI stocks, hardware suppliers slide as Nvidia CEO exit fuels US-China chip fears
Chinese AI and semiconductor stocks decline amid concerns over Nvidia leadership changes and tighter US chip export restrictions. Fears of disrupted technology access intensify pressure on AI developers and hardware suppliers, while domestic chipmakers gain.
Five facts about APEC with Trump, Putin and Xi set to attend
A summit featuring leaders from the US, China, and Russia is scheduled for next week in Shenzhen. This event marks the third time China hosts the APEC Economic Leaders' Meeting since 2001. Many key global issues including trade, energy security, and geopolitical tensions will likely be discussed. Attendances include notable leaders from Australia, Canada, and several Asian nations, while Taiwan will send its envoy.
Desire within US, India to conclude trade deal by G20: ex-US diplomat
Negotiations for a phase one trade agreement between the US and India are ongoing and complex. Both countries express a desire to conclude the deal by the upcoming G20 Summit in Florida. Former diplomat Nisha Biswal indicated that significant issues remain, particularly concerning India's comparative advantages. India's Commerce Minister Piyush Goyal stated that the country expects one of the best trade deals with the US.
Dollar near 19-month high on Fed hike bets, yen tests 160
Treasury yields rose after US President Donald Trump said the US does not need a deal with Iran and as traders weighed the chance of a larger-than-usual Federal Reserve rate hike next month. Two-year Treasury yields gained 34 basis points over the past two sessions, the sharpest two-day rise in 3-1/2 years.
The Huawei connection: Alleged Chinese spy Alice Huang in Jensen Huang affair saga linked to Nvidia rival
An investigation has linked Alice Huang, the woman suspected of spying for China and reportedly involved in an affair with former Nvidia CEO Jensen Huang, to businesses connected to a Shenzhen data centre serving Huawei. The findings raise national security questions over her business interests and ties to Nvidia's biggest Chinese rival.
Two weeks after the US restricted Nvidia’s China chips, a four-month-old Shanghai firm became a ‘preferred partner’ - here’s why the timing matters
A Shanghai company secured Nvidia's Preferred Cloud Partner status just four months after its founding and two weeks after the US expanded chip export restrictions on China. An investigation by The Information has since linked its ownership to Alice Huang's family and examined its place in a wider network handling billions of dollars in Nvidia GPUs.
Who is Kang Wei? The Chinese fund executive reported to be Alice Huang’s husband and now under police investigation in Shanghai
Kang Wei, the Chinese private equity executive reportedly married to Alice Huang, is under investigation by Shanghai police over suspected stock manipulation. The founder of Hexi Investment built the firm alongside Huang after a falling-out with former business partner Zhu Xiaoming in 2017. He has also faced penalties from China's securities regulator.
‘I bet I can get Jensen here’, Alice Huang boasted at a party. Minutes later, he arrived
Alice Huang, involved in business with Nvidia, claimed her closeness to CEO Jensen Huang. Their association, dating back to 2023, raised concerns over potential espionage links. Megaspeed, her company, purchased significant AI chips from Nvidia, exceeding four billion dollars between 2024 and 2026. US authorities investigated Megaspeed for possible violations regarding chip exports to China. Jensen Huang's recent personal issues have also prompted an independent inquiry into Nvidia's internal matters.
At China’s big import fair, sellers try to crack a tough market
At the China International Import Expo in Shanghai, a plethora of international firms exhibited their products tailored for the growing Chinese consumer market. Emphasizing the importance of cutting-edge technology and skilled craftsmanship, businesses recognize the fierce local competition, with Chinese manufacturers enhancing their capabilities.
D-St set for a cautious opening as GIFT Nifty signals muted start
On Wednesday, Nifty closed up by 0.8%, influenced by profit booking in IT and realty stocks. Analysts indicate that Indian equities will continue to gain from improving earnings and foreign investments. The support levels for Nifty are set between 25100-25050, while hurdles are identified at 25250-25300. Additionally, foreign portfolio investors significantly increased their buying, while domestic investors sold shares.
China's passenger car exports surge in October as domestic demand remains weak
China experienced a significant increase in car exports in October, primarily driven by electric vehicle demand. The country exported approximately 927,000 passenger vehicles, reflecting a 62.3 percent growth compared to last year. In contrast, domestic passenger vehicle sales fell to about 1.7 million units following months of decline. Analysts predict exports could exceed 10 million vehicles, while domestic sales may drop to 18.5 million in 2026.
Singapore questioned Alice Huang over false import declarations, then dropped the case; here's where she went next
US agencies believe that Alice Huang was a Megaspeed executive and a Chinese spy. She was assigned the role to feed information back to China. Alice was allegedly given the role of developing a close relationship with Jensen, and gathering information about Nvidia. It was reported that China wanted information about Nvidia's advanced AI chips and business strategy.
Jensen Huang's affair with alleged Chinese spy allowed $7 billion+ Nvidia chip sales to China: Report
The US government has reportedly identified Alice Huang as an intelligence asset working for the Chinese Ministry of State Security (MSS). However, there is no evidence that could prove Jensen Huang knowingly helped her or was aware of her alleged links to the government.
China stocks edge lower, Hong Kong shares fall as global rate concerns weigh
Chinese mainland stocks edged lower while Hong Kong equities fell as investors assessed rising global bond yields, stronger US inflation and uncertainty in oil markets. Technology stocks showed resilience, with the ChiNext index gaining 1% and the CSI 5G Communications Index rising 3%.
Who is Alice Huang, the Chinese businesswoman linked to Nvidia CEO Jensen Huang?
Alice Huang, a finance professional, has transitioned to the AI chip industry with Megaspeed International. The company is under investigation for its links to advanced Nvidia chip exports to China. Reports suggest Alice Huang may have acted as an intelligence asset, raising concerns about potential national security breaches. Nvidia's board has initiated an investigation into its CEO's involvement with her.
Who is Alice Huang, the Chinese businesswoman tied to Nvidia's CEO?
Known also as Huang Le, the Chinese businesswoman held senior roles at a Shanghai investment firm before becoming the controlling shareholder of Singapore-based cloud-computing company Megaspeed International, according to more than 30 publicly available financial records, corporate filings and company materials reviewed by Reuters.
China, Hong Kong stocks rise as AI shares rally, oil prices slide
Chinese and Hong Kong stocks edged higher as a rally in global technology shares and falling oil prices lifted sentiment. AI-linked stocks led gains, while energy shares declined amid a broader regional market rebound.
Apple Intelligence AI service registers with Chinese regulator for use on tablets, laptops
The cyberspace regulator in China's Shanghai said on Monday that Apple's generative AI service, Apple Intelligence, has been registered for use on tablets and laptops in China.
China, Hong Kong stocks edge higher as Beijing vows measures to stabilise markets
Chinese and Hong Kong stocks edged higher as Beijing renewed its commitment to stabilising capital markets amid economic concerns. Major mainland indices posted modest gains, while the Hang Seng also advanced. However, weak domestic demand, cooling consumer inflation and global technology-sector volatility continued to challenge investor confidence and market recovery prospects.
Hong Kong stocks jump 3%, China shares edge higher as tech stocks rally
Hong Kong stocks rallied sharply, led by technology and gold shares, as investors welcomed the US midterm election outcome. Alibaba and Tencent drove gains, while mainland Chinese equities advanced modestly. Energy stocks tumbled as crude oil prices plunged on hopes of easing geopolitical tensions.
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