EU names five-nation team for Ukraine talks as Moscow sets security conditions Iran claims radar strike in Bahrain as Trump sidelines Vance Nvidia affair becomes government crisis as Bessent blames Commerce over Megaspeed Ukrainian drones kill eight in Russia as Russian strikes hit Kyiv hospital Microsoft restores 365 services after global outage blamed on network upgrade FAA lifts nationwide ground stop after about four hours Condemnation grows after Israeli strike on Gaza hospital as cold claims first infant Global oil market tips into surplus as Gulf exports recover All aboard accounted for after tanker strikes docked cruise ship in New Orleans Ebola reaches remote eastern Congo as ADF attacks hamper response Armed men kill at least 37 civilians in western Niger Nvidia sounds out Arm chief for CEO role as interim leader Kress steps in US and China open Board of Trade talks ahead of Shenzhen summit LNG tanker hits mine in Hormuz, Iran says, as Iraq resumes exports under US cover Treasuries head for worst week since 'liberation day' on Fed-hike bets Huang exit puts $3bn of Chinese AI projects at risk as Beijing warns against new US chip curbs Truck and bus collision in Assam kills at least 24 Anthropic IPO reported six times oversubscribed as listing nears Houthi offensive widens as Pakistan and France call for pressure on Yemen's rebels China stages unannounced Pacific drills in 'silent intimidation' of Taiwan North Korean hackers steal over $400m in crypto as US recovers $1.2bn from Binance hack At least 10 killed in Guinea in gold mining crackdown COP31 clashes over climate-science timing as IEA says world is in 'age of electricity'Turkey and Qatar sign mutual defence agreement Russia has lost at least 450,000 lives in Ukraine war, analysis finds Mercedes stops all investment in Germany as insolvencies mount US Air Force responds to suspected drone activity at RAF Lakenheath SpaceX and Tesla may announce merger in December, Bloomberg reports Asian chip stocks rally amid Nvidia turmoil as Nscale warns it needs more cash OpenAI launches ChatGPT Wallet for AI agent payments Trump renews Cuba threat as Russia demands end to blockade Eisenkot accuses Netanyahu of 'racist' campaign against Arab minority Euroclear warns of risks as EU weighs using frozen Russian assets Pakistan says it killed 74 militants in multiple operations Georgia's main opposition parties face ban before 2028 elections Sheinbaum denies migrant caravans as Trump threatens Mexico with tariffs US prosecutors link spring attacks in Britain to Iran-linked handler Bundestag expands powers of BND and domestic intelligence EU leaders hold first AI summit in Dublin as von der Leyen cites €500bn need Indonesia's upper house to pick new vice president after Gibran resigns Norway's Supreme Court voids three North Sea oil licences over climate impact US Supreme Court to weigh Trump's asylum ban at Mexico border Building under construction collapses near Nairobi, killing six EU names five-nation team for Ukraine talks as Moscow sets security conditions Iran claims radar strike in Bahrain as Trump sidelines Vance Nvidia affair becomes government crisis as Bessent blames Commerce over Megaspeed Ukrainian drones kill eight in Russia as Russian strikes hit Kyiv hospital Microsoft restores 365 services after global outage blamed on network upgrade FAA lifts nationwide ground stop after about four hours Condemnation grows after Israeli strike on Gaza hospital as cold claims first infant Global oil market tips into surplus as Gulf exports recover All aboard accounted for after tanker strikes docked cruise ship in New Orleans Ebola reaches remote eastern Congo as ADF attacks hamper response Armed men kill at least 37 civilians in western Niger Nvidia sounds out Arm chief for CEO role as interim leader Kress steps in US and China open Board of Trade talks ahead of Shenzhen summit LNG tanker hits mine in Hormuz, Iran says, as Iraq resumes exports under US cover Treasuries head for worst week since 'liberation day' on Fed-hike bets Huang exit puts $3bn of Chinese AI projects at risk as Beijing warns against new US chip curbs Truck and bus collision in Assam kills at least 24 Anthropic IPO reported six times oversubscribed as listing nears Houthi offensive widens as Pakistan and France call for pressure on Yemen's rebels China stages unannounced Pacific drills in 'silent intimidation' of Taiwan North Korean hackers steal over $400m in crypto as US recovers $1.2bn from Binance hack At least 10 killed in Guinea in gold mining crackdown COP31 clashes over climate-science timing as IEA says world is in 'age of electricity'Turkey and Qatar sign mutual defence agreement Russia has lost at least 450,000 lives in Ukraine war, analysis finds Mercedes stops all investment in Germany as insolvencies mount US Air Force responds to suspected drone activity at RAF Lakenheath SpaceX and Tesla may announce merger in December, Bloomberg reports Asian chip stocks rally amid Nvidia turmoil as Nscale warns it needs more cash OpenAI launches ChatGPT Wallet for AI agent payments Trump renews Cuba threat as Russia demands end to blockade Eisenkot accuses Netanyahu of 'racist' campaign against Arab minority Euroclear warns of risks as EU weighs using frozen Russian assets Pakistan says it killed 74 militants in multiple operations Georgia's main opposition parties face ban before 2028 elections Sheinbaum denies migrant caravans as Trump threatens Mexico with tariffs US prosecutors link spring attacks in Britain to Iran-linked handler Bundestag expands powers of BND and domestic intelligence EU leaders hold first AI summit in Dublin as von der Leyen cites €500bn need Indonesia's upper house to pick new vice president after Gibran resigns Norway's Supreme Court voids three North Sea oil licences over climate impact US Supreme Court to weigh Trump's asylum ban at Mexico border Building under construction collapses near Nairobi, killing six

Symbolic image: Asian chip stocks rally amid Nvidia turmoil as Nscale warns it needs more cash

Symbolic image

Asian chip stocks rally amid Nvidia turmoil as Nscale warns it needs more cash

7 sources

Chinese shares led a chip rally in Asia on Friday amid what Nikkei Asia calls turmoil involving Nvidia's Jensen Huang. The Financial Times reports that Nscale, a Nvidia-backed "neocloud", told investors ahead of a $35bn IPO that it must obtain additional financing to fulfil Anthropic contracts.