Democrats win Senate and House in midterm rebuke of Trump Trump keeps Iran strike option open as Tehran vows larger response after midterms Komyshuvakha death toll reaches 40 as Russia strikes Ukraine's power grid Iran says four more tankers burn after hitting mines near Hormuz Houthis tighten Taiz siege and claim Riyadh airport strike as fighting spreads Vance and Trump blame Iran war for Republican midterm rout Election committee rejects fraud claims as Herzog opens government talks British health worker evacuated as WHO backs two Bundibugyo vaccine trials US-backed strike on ELN camp in Venezuela kills at least 20 AI stocks slide, then broader markets rally after Democratic midterm sweep French blood service cold stores hacked as Ahold Delhaize counts cost of its attack Melania Trump's Oleshky mediation shapes Ukraine diplomacy ahead of Abu Dhabi talks Eurozone inflation reaches 4% as energy prices climb Indonesia's president fires chief of staff after wiretapping arrest Brent drops below $100 as midterm result fuels hopes of US-Iran de-escalation Democratic governors elected on pledges to curb data centres, putting AI build-out under scrutiny China confirms contacts with Moscow and Washington on a possible Trump-Xi-Putin summit North Korea fires missiles, rejects US talks and denies crypto theft South Africans vote in local elections as ANC braces for heavy losses Oracle scraps $7bn Tencent chip deal under Trump pressure Israeli strikes continue in Gaza as UN report says genocide persists Trump's plan to end US military aid to Israel draws warnings Hackers divert an estimated €118m from Crédit Mutuel Arkéa Bangladesh agrees new garment pay scale after five days of protest Commission sees Montenegro in EU by 2028, urges Ukraine to speed up reforms BMW cuts outlook for second time since June as profit falls Taiwan flags more than 100 Chinese naval and coastguard vessels in western Pacific Bandits kill soldier and pregnant woman, abduct 15 in Nigeria Danish students protest allowance cuts as France heads into another protest day Beijing steps up stock-market support as chipmaker YMTC shelves IPO Meta starts debut euro bond sale as hedge funds flag private-credit risks Google to invest $15bn in Malaysian data centres Polish prosecutors probe President Nawrocki amid Constitutional Tribunal dispute CVS to split pharmacy business from insurer Aetna Democrats win Senate and House in midterm rebuke of Trump Trump keeps Iran strike option open as Tehran vows larger response after midterms Komyshuvakha death toll reaches 40 as Russia strikes Ukraine's power grid Iran says four more tankers burn after hitting mines near Hormuz Houthis tighten Taiz siege and claim Riyadh airport strike as fighting spreads Vance and Trump blame Iran war for Republican midterm rout Election committee rejects fraud claims as Herzog opens government talks British health worker evacuated as WHO backs two Bundibugyo vaccine trials US-backed strike on ELN camp in Venezuela kills at least 20 AI stocks slide, then broader markets rally after Democratic midterm sweep French blood service cold stores hacked as Ahold Delhaize counts cost of its attack Melania Trump's Oleshky mediation shapes Ukraine diplomacy ahead of Abu Dhabi talks Eurozone inflation reaches 4% as energy prices climb Indonesia's president fires chief of staff after wiretapping arrest Brent drops below $100 as midterm result fuels hopes of US-Iran de-escalation Democratic governors elected on pledges to curb data centres, putting AI build-out under scrutiny China confirms contacts with Moscow and Washington on a possible Trump-Xi-Putin summit North Korea fires missiles, rejects US talks and denies crypto theft South Africans vote in local elections as ANC braces for heavy losses Oracle scraps $7bn Tencent chip deal under Trump pressure Israeli strikes continue in Gaza as UN report says genocide persists Trump's plan to end US military aid to Israel draws warnings Hackers divert an estimated €118m from Crédit Mutuel Arkéa Bangladesh agrees new garment pay scale after five days of protest Commission sees Montenegro in EU by 2028, urges Ukraine to speed up reforms BMW cuts outlook for second time since June as profit falls Taiwan flags more than 100 Chinese naval and coastguard vessels in western Pacific Bandits kill soldier and pregnant woman, abduct 15 in Nigeria Danish students protest allowance cuts as France heads into another protest day Beijing steps up stock-market support as chipmaker YMTC shelves IPO Meta starts debut euro bond sale as hedge funds flag private-credit risks Google to invest $15bn in Malaysian data centres Polish prosecutors probe President Nawrocki amid Constitutional Tribunal dispute CVS to split pharmacy business from insurer Aetna

Symbolic image: Oracle scraps $7bn Tencent chip deal under Trump pressure

Symbolic image

Oracle scraps $7bn Tencent chip deal under Trump pressure

4 sources

Oracle abandoned a $7bn deal to lease AI chips to Tencent under pressure from President Donald Trump, the Financial Times reports. Separately, Bloomberg reports that Nvidia's Chinese clients will receive only 1% of the $70bn of RTX chips they ordered.