SHOCKWAVES
Jensen Huang exits Nvidia after 33 years: What the company said about the shock move
Nvidia has announced the resignation of Jensen Huang from all his leadership positions within the company. Colette Kress has been appointed as the interim CEO while a search for a permanent successor begins. Kress will maintain her roles as executive vice president and CFO during this transition period. The board expressed full confidence in Kress and her ability to lead the company forward.
Iran uses global climate talks to highlight impact of US strike on Minab school
Iran is utilizing the COP31 climate summit to highlight the consequences of a US missile strike on a school. The national pavilion features images of the incident’s aftermath along with a virtual reality experience. Additionally, visiting officials will see exhibits from Ukraine addressing efforts in renewable energy amid conflict. The conference has become a platform for discussing global energy price increases related to regional conflicts.
Global climate talks open with big questions, smaller goals
Climate negotiators from nearly 200 countries are attending COP31 in Antalya, Turkey, to address rising global temperatures and emissions. The summit will focus on achieving existing commitments rather than making ambitious new goals amidst geopolitical tensions and financial constraints.
South Korea stocks plunge 8%, circuit breaker triggered as chip shares tumble
South Korea's KOSPI stock index fell more than 8% during early trading on Friday, reflecting a significant sell-off. The stock market decline was primarily driven by losses in technology and semiconductor shares. As a result, a circuit breaker was activated by the Korea Exchange to halt trading temporarily. Experts indicated that the reaction may be an overreaction to recent US midterm election outcomes.
Binance co-CEO says company is in very strong financial health after $6.3 billion heist
Teng told a Hong Kong Fintech Week event Binance's hourly inflows and outflows had "pretty much normalised" and 95% of the affected tokens had been replenished.
Global markets were already fragile. Big AI bets could break them
Investors flocked to bonds. Yields, which move inversely to price, fell from multidecade highs, with the benchmark 10-year Treasury, which guides borrowing costs globally, falling almost 20 basis points on October 22, its biggest daily fall since early 2023.
Bihar gas pipeline leak: One dead, six injured as PNG leak triggers blast in Muzaffarpur
An explosion occurred in the Gobarsahi-Dumri area of Muzaffarpur due to a PNG pipeline leak. One person died and at least six individuals sustained injuries from the incident. Eyewitnesses reported that the blast was heard from nearly three kilometers away. The explosion severely damaged a four-storey building and shattered windows in nearby houses. Rescue teams worked to control the ensuing fire and assess the situation.
India's Scotch probe of Diageo, Pernod undermining India-UK pact benefits, trade group says
The British government said "iconic UK products" like whiskies would benefit from the pact. Indian investigators, however, have privately told companies the reduced rate does not apply to bulk Scotch concentrates, creating the first significant dispute over the free trade agreement since it took effect.
E-bike startup Ultraviolette targets 10,000 monthly sales by 2027-end
E-scooters account for close to 20% of new scooter sales in India, while electric motorcycles make up less than 1% of new motorcycle sales, he added. He expects electric motorcycle adoption to pick up as more manufacturers introduce products, similar to the increase seen in e-scooter penetration over the past three years.
A 66-foot asteroid blindsided Russia’s Chelyabinsk and injured 1,500 people in 2013. 13 years later, only 11 asteroids have ever been caught before hitting Earth
On February 15, 2013, a meteor exploded over Chelyabinsk, Russia, injuring around 1,500 people. This explosion caused significant damage, including shattering windows across the region, and was equivalent to 500 kilotons of TNT. The asteroid entered from the Sun's direction, making it hard to detect until it was too late. Experts emphasize the importance of early detection to mitigate future threats from asteroids.
Iran's President rules out talks under US pressure, warns of regional fallout
The warring parties agreed to a memorandum of understanding in June, outlining a framework for a permanent resolution to the conflict. However, Iranian attacks on vessels in the Strait of Hormuz prompted the resumption of US military operations. Negotiations have remained largely stalled since then, with recent indirect talks between the two sides on the sidelines of the United Nations General Assembly failing to yield a breakthrough.
Nobu chef Ryo Uchimiya dies in Malibu crash: Official cause of death released; witness recounts fatal collision
Ryo Uchimiya, a 51-year-old acclaimed chef from Nobu, tragically died in a car accident on October 3, 2026. He was waiting in his parked car ahead of a catering event when a speeding teenager in a Range Rover collided with him, leading to fatal injuries. Rescue operations were delayed, heightening the tragedy of his loss, leaving behind two grieving sons and a heartbroken restaurant community.
Why US Treasury bond yields matter, what it means for Indian investors, and the impact on rupee
Cutting through money jargon, one topic at a time. This week, Sanket Dhanorkar explains why yields on US Treasury bonds matter, and what it means for Indian investors. Rising US bond yields mean investors are demanding a higher return to buy and hold that debt. This reflects concerns over the weak fiscal position of the US and the inflationary impact from steep oil prices.
Christa Pike, the lone Tennessee woman on death row, breaks silence ahead of rare execution; here’s what she said
Christa Pike is set to be executed in Tennessee, becoming the first woman to face execution in over 200 years. After being on death row for more than three decades, she expressed peace about her fate. Pike and her boyfriend were convicted of the brutal murder of their classmate Colleen Slemmer in 1995. Recent discussions surrounding her clemency request have been met with opposition from Slemmer’s mother.
Ultraviolette's fresh funding; Bira 91 revival plan
Ultraviolette has roped in Intel chief Lip-Bu Tan as an investor and advisor after a fresh capital raise. This and more in today’s ETtech Top 5.
E-bike maker Ultraviolette raises $85 million, ropes in Intel chief Lip-Bu Tan as investor, advisor
The funding has come in at a time when the startup is preparing to launch two new models and expand into more international markets.
A satellite map revealed a mysterious giant circle that was hiding in Canada for 390 million years. One amateur astronomer finally noticed it
Researchers have identified the Uhackatik impact crater in Quebec, which is about 25 kilometers wide. The crater was discovered by amateur astronomer Joël Lapointe using satellite imagery while looking for camping spots. Geological confirmation came through the discovery of shatter cones, indicating a historical extraterrestrial collision. This discovery sheds light on Earth's geological history and the difficulty of finding ancient impact structures.
Nolan Wells death update: Why did grand jury find no foul play after 18-year-old after Mississippi teen died following trip to Horn Island?
A grand jury has concluded that there will be no criminal charges related to the Nolan Wells' death. Their findings pointed to drowning as the cause, aligning with the evidence and location of his remains. There was also no evidence to support “public allegations” that anybody who rode to or from Horn Island was responsible or engaged in any criminal conduct leading to the teen’s tragic death, the grand jury found.
Key issues for this week's Trump-Xi summit in Washington
President Trump welcomes Chinese leader Xi Jinping for crucial talks this week. They seek stability in a relationship strained by trade and global issues. Key discussions will focus on trade tariffs and potential agricultural deals. Taiwan's status and China's role in Iran's economy are also on the agenda. Artificial intelligence cooperation and competition will be another significant topic.
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