US FORCES JAPAN
Scott Laux Blue Angels removal: Were pilot Scott Laux and public-affairs chief Danielle Cribb's ousters related?
Blue Angels Scott Laux suspended: The removal of Blue Angels pilot Scott Laux and public-affairs chief Danielle Cribb from the squadron has sparked speculation about a possible connection between their exits. Photos of the two together have resurfaced, but a report has claimed that their removals were separate and unrelated. Here's what we know about their departures and the Navy's response.
Anthropic plans IPO live stream with Dario Amodei, JPMorgan CEO Jamie Dimon
The meeting is part of the marketing effort for Anthropic’s potentially record-breaking IPO. The offering is expected to formally begin marketing as soon as early Tuesday ahead of pricing and the Nasdaq debut of its shares before the US Thanksgiving holiday, Bloomberg has reported.
Anthropic plans IPO live stream with Amodei, JPMorgan CEO Dimon
Anthropic PBC is preparing for a live-streamed event featuring CEO Dario Amodei and JPMorgan Chase CEO Jamie Dimon. This event is aimed at marketing their upcoming initial public offering, which might break records. The IPO is set to begin marketing shortly and is planned to debut before the Thanksgiving holiday. Anthropic is targeting an offering size similar to SpaceX's IPO, which raised significant funding.
Mid and smallcap stocks could see strong gains in 2027, but expect volatility, says Deepak Shenoy, Capitalmind Mutual Fund
Deepak Shenoy anticipates a stronger rally for mid and smallcap stocks in 2027, marked by volatility. He forecasts earnings growth exceeding 20% in these segments, supporting potential gains. Valuations, however, will vary based on companies meeting growth expectations or not. Global political tensions and the AI sector's challenges may influence market dynamics. Shenoy emphasizes the unpredictability of market movements and shares insights on past predictions.
Why cheap stocks offer more safety than strong inflows, says Sundaram AMC MD
Two years ago, seasoned asset manager Anand Radhakrishnan moved from a long, successful stint as Chief Investment Officer (CIO) at Franklin Templeton India to take over as Managing Director (MD) at Sundaram Asset Management Company. In this conversation with Sanket Dhanorkar, he shares his views on the market correction, shift in interest rate cycle, valuations and money flows, and more.
G7 allies to assess impact of Trump's midterm setback at Paris talks
The diplomats signalled the Democrats' gains could narrow the White House's room for manoeuvre but warned against expecting a return to traditional US multilateralism while foreign policy remains very much under Trump's control.
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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.
Environmental groups embrace AI, even as they warn of data center impacts
Environmental organisations are increasingly leveraging artificial intelligence to enhance conservation efforts and analyze ecological data. Many express concerns about the environmental impact caused by data centers that support AI technologies. The energy and water consumption of these centers is projected to double by 2030, raising emissions concerns.
Investors in other markets would be envious of India multiples: Rich Handler, chief executive of Jefferies
Jefferies CEO Rich Handler believes Indian equities remain reasonably valued despite the market correction and says easing long-term capital gains taxes could attract foreign investors. He sees opportunities in India's AI and data centre sectors, argues that global capital outflows reflect external pressures, and believes concerns about an AI bubble warrant a healthy pause rather than alarm.
AI rout, energy costs add to fears of slowing global growth
Global markets face mounting pressure from persistent inflation, rising borrowing costs and concerns over slowing economic growth. Elevated energy and food prices are fuelling inflation fears, while an AI stock selloff threatens investor confidence. Weakening European data and uncertainty over the Iran war are adding to concerns about the global economic outlook.
China's rising yuan squeezes exporters, raises concerns over jobs and growth
China's strengthening yuan is squeezing exporters' profit margins, raising concerns over job losses, weaker exports and slower economic growth. Beijing faces a policy dilemma as international pressure to let the currency appreciate clashes with domestic manufacturers' need for a competitive exchange rate.
Quad Navies launch Malabar 2026 multi-domain drills to strengthen Free and Open Indo-Pacific
The United States, India, Japan, and Australia have kicked off Exercise Malabar 2026. This joint naval drill is focused on boosting the operational synergy and maritime capabilities of the participating nations. Notably, the Indian Navy's INS Sahyadri has arrived in Japan for this collaboration, symbolizing a significant step in strengthening regional security efforts in the Indo-Pacific. Through multiple phases, the exercise seeks to deepen trust among the allied forces.
Dollar holds, yen gains as equity rout saps risk appetite ahead of payrolls
The dollar maintained its ground against key currencies as traders flocked to safe havens following a volatile market downturn. Concerns mounted over a potential Democratic majority in Congress, raising alarms about stricter regulations on the artificial intelligence sector. Meanwhile, the yield on 10-year Treasury bonds declined, signaling shifts in Federal Reserve interest rate outlooks. The euro remained stable against the dollar, with the yen and Swiss franc making gains.
Democrats’ win rattles Trump trades from AI stocks to crypto
The recent Democratic majority in Congress triggered a downturn in global markets, most notably impacting technology stocks. Investors are now wary about President Trump’s policies and their implications for AI investments. Conversely, solar stocks saw an uptick, signaling potential changes to clean energy regulations. Additionally, Treasury yields dropped as heightened oversight dampens fiscal stimulus hopes, while cryptocurrencies also fell amid uncertainty surrounding upcoming industry regulations.
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.
Govt mulls giving Cert-In enforceable powers to mandate patching
Last month, two critical flaws in the PHP programming language, discovered with the help of AI, created worldwide panic as hackers targeted the vulnerabilities millions of times, and led to governments including the US, UK, France, Germany and Japan taking down public websites. PHP powers 69.3% of websites worldwide.
World War III: US to introduce mandatory military service as Trump, Vance abruptly cancel campaign rallies amid Iran tensions?
Fears of World War III are growing amid rising tensions between the US and Iran, with President Donald Trump abruptly cancelling his scheduled campaign events over the weekend. The developments have raised questions about whether the conflict could escalate and whether American civilians could eventually be called up for military service.
Gold lingers near one-year low as Fed hike expectations firm
Gold prices experienced a minor uptick in early trading across Asia; however, they linger near a one-year low. Persistent worries about inflation are bolstering expectations for an impending Federal Reserve rate increase this year. The recent drop in tech stocks has placed additional strain on bullion prices, prompting a sell-off in safe-haven investments. Buyers in major Asian markets, especially India and China, remain hesitant amid expectations of further price declines.
EAM Jaishankar urges Quad to focus on freedom of choice
External Affairs Minister S Jaishankar emphasized freedom of choice and resilient supply chains during the Quad meeting. He highlighted countering non-market practices as a key priority for discussions with partner nations. The Quad aims to enhance cooperation in maritime security and counter-terrorism measures. Additionally, over USD 85 million will be extended for AI access across the Indo-Pacific region.
Wall Street drops to its worst day since June after the sell-off for tech stocks deepens
Wall Street’s tech sell-off deepened on Friday as investors questioned whether massive spending on artificial intelligence will deliver enough returns to justify lofty valuations. The S&P 500 fell 1.8% and the Nasdaq 2.9%, with Intel plunging nearly 29% and Nvidia down 4.2%, while bitcoin also slid after a major hack at Binance.
India’s FTAs to open access to $85 trillion market; Piyush Goyal urges exporters to go global
India's trade agreements are expected to provide exporters preferential access to markets with a combined GDP of $85 trillion, covering 76% of the global economy, Commerce Minister Piyush Goyal said. He urged businesses to expand internationally, improve product quality and build global brands as India pursues additional trade pacts.
Tom Jones health update: What happened to the 86-year-old singer? Why has he postponed US tour shows in LA and San Diego?
Tom Jones health update: Sir Tom Jones is alive but has postponed multiple US tour dates after contracting a bad case of the flu. The veteran singer apologised to fans as he rescheduled concerts in Los Angeles, San Diego and California, following medical advice to rest and recover. Tom Jones shared the shows would be rescheduled for early next month on 3 and 4 November, respectively
US and Japan to establish a Japanese facility for joint missile production
The United States and Japan have decided to establish a facility for joint missile production in a strategic partnership. Japanese Defense Minister Shinjiro Koizumi highlighted the importance of this venture in addressing regional security concerns. Both nations aim to enhance their defense cooperation against rising threats, particularly regarding China's assertiveness in Asia. Additionally, discussions emphasized the significance of maintaining a rules-based international order in the region.
Sensex, Nifty fall as IT stocks slide, rising oil prices weigh
Indian equity markets took a hit on Wednesday, primarily due to declines in the IT sector and escalating crude oil prices. Both the Sensex and Nifty closed lower, showcasing investors' cautious mood amidst significant intraday drops. Key downturns were influenced by Reliance Industries along with various IT stocks, but the auto sector and select banking stocks sparked some buying activities that alleviated part of the losses.
Japan eyes Indian live firing ranges for missile and drone training as defence cooperation deepens
Japan is collaborating with India to enhance defense capabilities, particularly in anti-ship missile training and drone operations. Japanese Self-Defense Forces have dispatched officials to inspect India's test facilities and live firing ranges. Past military cooperation has included similar training support extended by India to other friendly nations like Singapore. The focus on joint exercises comes amid increasing military tensions in the region, especially concerning China.
Pentagon's 'doomsday' plan as World War III fears grow: How US bases are planning to survive for 90 days as UK urges people to 'Be Ready' for crisis
Amid fears of a potential World War III, the Pentagon' Doomsday plan is to keep major US military bases operational for 90 days without outside support under its FORTRESS initiative. The plan includes independent power supplies, strategic reserves of essential materials and preparations for wartime factory production. Meanwhile, the UK government has launched its 'Be Ready' campaign, urging households to stockpile food, water, cash and emergency supplies in preparation for a national crisis.
Rajnath Singh meets US Secy of War Hegseth on sidelines of ASEAN defence ministers' meeting in Philippines
Defence Minister Rajnath Singh met US War Secretary Pete Hegseth in Cebu during the 13th ASEAN Defence Ministers' Meeting-Plus. They celebrated the one-year anniversary of their Major Defense Partnership framework and discussed strengthening cooperation. Singh is also set to hold bilateral meetings with counterparts from several countries, including Japan, Australia, and South Korea. Upon arrival, he received a ceremonial welcome and interacted with local communities.
From murder charges to military curfews: The fallout from a US Marine's case in Japan reignites anger over American forces in Okinawa
Lance Corporal Devin Jacob Ballard faces charges in the murder of Anna Yagi, which has triggered public outrage. His alleged actions and the military's response have reignited debate over US military presence in Okinawa. Restrictions placed on American service members following the incident raise questions about their effectiveness in preventing future crimes. Okinawa's residents continue to demand stronger oversight of US forces and greater accountability for past incidents.
Closely monitoring developments in Indo-Pacific; focusing on extended-range operational reach: IAF Chief AP Singh
The Indian Air Force is focusing on enhancing operational capabilities to protect national security interests in the Indo-Pacific region. Air Chief Marshal AP Singh emphasized the importance of extended distance operations and strategic partnerships to achieve this goal. Collaborations with friendly air forces are being strengthened through complex exercises and regional engagements. Aerial refueling and surveillance capabilities are also being prioritized to improve readiness.
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