Tech sell-off wipes out hedge fund gains, prompting layoffs and risk cuts

The Business Times - Nov 6, 2026

Some funds see flat year-to-date returns as a market rout on Nov 5 compounds industry losses

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Trump designates Oval Office as national monument
Nov 6, 2026
Trump designates Oval Office as national monument

WASHINGTON D.C., United States—US President Donald Trump signed an order Thursday designating the Oval Office as a national monument. This is meant to indicate the president’s redoubling of focus on beautifying the White House despite a brutal midterms defeat for his Republican Party. Critics accused Trump of ignoring voter concerns over the Iran war and affordability

Israel president set to announce Sunday who will form new government
Nov 6, 2026
Israel president set to announce Sunday who will form new government

JERUSALEM, Israel—Israeli President Isaac Herzog said he will announce on Sunday whom he will task with trying to form a new government, following post-election talks with all party leaders. “I intend to task a member of Knesset (parliament) with forming the government this coming Sunday,” Herzog said in a video message. He noted that 46 parliament

Even in autumn, this UK island town could be mistaken for the Italian Riviera
Nov 6, 2026
Even in autumn, this UK island town could be mistaken for the Italian Riviera

A mild microclimate, an exciting locavore food scene and a distinct Mediterranean look make this seaside town a must-visit destination, says Hayley Spencer

The scramble to get a NeeDoh advent calendar this year has already ruined my kids’ Christmas
Nov 6, 2026
The scramble to get a NeeDoh advent calendar this year has already ruined my kids’ Christmas

After falling for fake toxic squishy dumplings and counterfeit Labubus, Charlotte Cripps is currently wondering how she managed to get it wrong again – by buying an unbranded NeeDoh advent calendar

Trader facing inquiry over PH papers snubs Senate
Nov 6, 2026
Trader facing inquiry over PH papers snubs Senate

MANILA, Philippines — Businessman Joseph Sy, who is facing questions over his Filipino citizenship after the Bureau of Immigration said his fingerprints matched those of Chinese national Cheng Zhong Zhen, failed to appear before the Senate justice and human rights subcommittee on Thursday. Sy’s legal counsel, Alma Mallonga, told the panel that her client had

Former pro-democracy lawmaker sentenced to 12.5 years in prison in Macau’s first national security case
Nov 6, 2026
Former pro-democracy lawmaker sentenced to 12.5 years in prison in Macau’s first national security case

Court finds Au Kam San guilty on charges of subverting state power, breach of confidentiality and foreign collusion

Nithya Raman's Journey From Kerala To Los Angeles Mayor Via Delhi Slums
Nov 6, 2026
Nithya Raman's Journey From Kerala To Los Angeles Mayor Via Delhi Slums

Nithya Raman, who was backed by the Democratic Socialists of America, secured 52.70% of the ballots counted, against incumbent Los Angelese mayor Karen Bass' 47.30%.

Pope Leo receives music icon Dylan in Vatican
Nov 6, 2026
Pope Leo receives music icon Dylan in Vatican

VATICAN CITY — Pope Leo XIV received Bob Dylan on Wednesday in the Vatican at an audience for which the US folk music legend wore a black hooded sweater. The 85-year-old singer-songwriter, born Robert Allen Zimmerman, is currently in Italy on tour. A report on the official Vatican News website said the meeting was “brief,

How anime tourism is helping breathe new life into Japan's shrinking towns
Nov 6, 2026
How anime tourism is helping breathe new life into Japan's shrinking towns

Anime and manga fans are flocking to towns across Japan, bringing new opportunities to communities grappling with depopulation and economic decline.

Iran crows after Trump midterm poll debacle
Nov 6, 2026
Iran crows after Trump midterm poll debacle

IRAN — Tehran taunted President Donald Trump over his midterms defeat on Wednesday as the US leader admitted the war against Iran was the key factor in his stinging electoral rebuke. As thousands mocked Trump at a rally in the Iranian capital, a senior official said the Islamic republic had handed him a strategic and

Stricter checks for cargo from Laos after P1.36-B drug seizure
Nov 6, 2026
Stricter checks for cargo from Laos after P1.36-B drug seizure

MANILA, Philippines — All shipments from Laos will be flagged for stricter inspection amid concerns that these may be concealing illegal drugs, Interior Secretary Jonvic Remulla said on Thursday. “So now, we’re going to flag all shipments coming from Laos—we’ll check if there are actually drugs involved—because what they do is hide them when they’re

Global tech stocks plunge as US midterms add to AI slowdown fears
Nov 6, 2026
Global tech stocks plunge as US midterms add to AI slowdown fears

Investors have reacted to possible tougher scrutiny of data centre construction and the AI industry.

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