Daily News Summary – 2026-11-12 – en

On November 12, 2026, the global news cycle was dominated by dramatic developments across politics, technology, and climate. In the United States, Nvidia's board moved toward ousting CEO Jensen Huang after an espionage scandal, while Democrats celebrated a historic Senate upset in Mississippi. Europe faced severe weather and social unrest, with Storm Charles battering Portugal and Spain's first general strike in 14 years. World leaders at COP31 in Antalya struggled to focus on climate action amid geopolitical conflicts. Meanwhile, the crypto world absorbed the fallout from the record Binance hack, and markets weighed a potential 7% Treasury yield. These stories and more paint a picture of a world in flux.

Nvidia board weighs firing CEO Jensen Huang over alleged spy affair

Huang admitted affair with woman suspected of Chinese espionage. Shares dropped 8% in after-hours trading; board may decide within days.

23:30business

Scott Colom defeats Cindy Hyde-Smith in historic Mississippi Senate upset

Colom becomes first Black senator from Mississippi since 1874, and first Black statewide since Reconstruction. He won by 0.5 points after late ballot counting.

23:30politics

COP31 in Antalya overshadowed by geopolitical conflicts

Leaders expressed alarm over climate change but focused on Gaza, Iran, and trade. Lula criticized absent world leaders for ignoring climate crisis.

23:30geopolitics

Spain's first general strike in 14 years demands housing and wage action

Unions UGT and CCOO led 24-hour walkout over housing costs and wages. Transport, schools and health services disrupted across Spain.

23:30current affairs

Storm Charles triggers landslides, floods and 360 flight cancellations in Portugal

Madeira saw 78 landslides and 72 floods; mainland roads closed and services suspended. No casualties reported.

23:30disaster

Economy

Peter Brandt warns 30-year Treasury yield could hit 7%

Brandt sees yields staying above 5%, pressuring Bitcoin and stocks. He argues inflation and Fed policy support higher rates.

23:30economy

AI

Anthropic seeks up to $1.4tn valuation in imminent IPO

Anthropic plans to sell 825 million shares at $70-$78 each, raising up to $64.4bn. Trading expected next week.

23:30ai

Politics

Australia's under-16 social media ban faces High Court challenge

Reddit and Digital Freedom Project argue ban breaches implied freedom of political communication. Over five million accounts suspended since December 2025.

23:30politics

Crypto

Binance replaces 90% of assets stolen in $6.3bn hack blamed on North Korea

FBI links TraderTraitor to largest crypto theft; Binance says users face no financial loss. Withdrawals resumed in phases.

23:30crypto