Global Express | November 12, 2026: Nvidia Board Moves to Oust Jensen Huang as Shares Dive

1. Nvidia Board Prepares to Oust Jensen Huang as Shares Dive More Than 8%

Source: CBS News

Nvidia's board of directors is preparing to oust longtime CEO Jensen Huang, CBS News reported. The chipmaker's shares tumbled more than 8% to $159.51 in after-hours trading on Wednesday, extending a slide that has wiped more than $450 billion off its market value since Nvidia announced an investigation into Huang's conduct on Nov. 8.

Huang admitted this week to having an extramarital affair. U.S. intelligence agencies have linked him to a Chinese business executive, Alice Huang (no relation), who is suspected of being an asset of China's Ministry of State Security. Sources told CBS News that the Trump administration is aware of the board's plans, and The Wall Street Journal first reported that board members were preparing to remove him.

Huang co-founded Nvidia in 1993 and is widely seen as the face of the AI industry; analysts say the company has no obvious successor. President Trump said this week that the FBI is also investigating Huang's romantic and business ties with Alice Huang, a former senior executive at Singapore-based Megaspeed International, one of Nvidia's largest foreign customers, which bought nearly $5 billion in AI chips and other hardware. Lawmakers are also expected to question executives over whether chips are being funneled to China via other countries.

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2. Witkoff and Kushner Arrive in Moscow for Talks with Putin

Source: CNN

President Donald Trump's son-in-law Jared Kushner and U.S. envoy Steve Witkoff landed in Moscow on Thursday ahead of talks with Russian President Vladimir Putin aimed at ending the Ukraine war. The pair met Russian presidential special envoy Kirill Dmitriev on arrival at Vnukovo Airport.

The trip follows two days of talks in Abu Dhabi between Russian, Ukrainian and American negotiators, the first of their kind since February, which ended without a clear breakthrough; Wednesday's session wrapped up in under two hours. Kushner said the Moscow meeting was meant to finalize plans for more humanitarian relief and prisoner releases, and to push to add Europeans to the format, an idea Moscow has long resisted.

Diplomacy has not brought Ukraine any respite. Ukraine's air force said Russia launched ballistic missiles and drones overnight, and at least one person was killed in a drone attack on Kyiv on Thursday morning. Zelensky said Starshield, the military-grade satellite service critical to Ukraine's operations, had suffered "significant disruptions" in recent days, describing them as systematic speed restrictions that complicate the interception of Russian jet-powered drones.

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3. Xi Marks 160th Anniversary of Sun Yat-sen's Birth, Says Taiwan Reunification 'Will Certainly Be Realized'

Source: 联合早报

A grand gathering marking the 160th anniversary of Sun Yat-sen's birth was held at the Great Hall of the People in Beijing on Thursday morning, where Communist Party general secretary Xi Jinping delivered a speech. Xi said resolving the Taiwan question and achieving cross-strait reunification is a necessary requirement for national rejuvenation, declaring that "complete reunification of the motherland will certainly be realized."

Xi recalled Sun's commitment to national unity and said that "the territory cannot be divided, the country cannot be thrown into chaos, the nation cannot be split, and civilization cannot be broken" has always been a shared belief engraved in the hearts of all Chinese people. He reiterated the policy of peaceful reunification and "one country, two systems," saying the mainland is willing to hold dialogue and consultation with people of insight in Taiwan on cross-strait relations and national reunification on the basis of the one-China principle and the 1992 Consensus.

At the same time, he stressed that Beijing will take full account of Taiwan's realities and the interests and feelings of Taiwan compatriots, "but we will never leave any room for separatist activities of any form." Near the end of his speech he said the tide of history cannot be stopped. Xinhua reported that the gathering began at 10 a.m. and was attended by about 3,000 people.

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4. Iran Warns of Wider Retaliation as Israeli Military Is Told to Step Up Preparations

Source: Al Jazeera

Israel's security cabinet, chaired by Prime Minister Benjamin Netanyahu, ordered the military on Wednesday evening to step up preparations for a possible attack on Iran, Israeli media reported. Public broadcaster KAN said the directives "could lead it to carry out activities that could trigger a war."

The move followed a statement by opposition leader Gadi Eisenkot urging Netanyahu, who is serving as caretaker prime minister, not to deploy the military "without a direct and immediate threat" until the next government is formed. President Isaac Herzog tasked Eisenkot with trying to form a government over the weekend after Netanyahu's ruling coalition lost its parliamentary majority in October's elections.

Iran's security chief Mohsen Rezaei warned on social media that if the U.S. launches another war, "every military base involved in the aggression, from West Asia to Europe, will be a legitimate target for Iran's lethal strikes." Parliament Speaker Mohammad Bagher Ghalibaf said the Strait of Hormuz will "never return" to its pre-war status and that "the ball is now in the American court." Oil rose after Tehran rejected a U.S. proposal to transfer its 60% enriched uranium stockpile to a third country, with Brent settling 1.39% higher at $92.76 a barrel.

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5. Russian Colonel Killed by Car Bomb in St. Petersburg

Source: Kyiv Post

A Russian air force colonel was killed by a car bomb in St. Petersburg on Thursday morning, Russian media reported. The device was attached to the underside of the vehicle and detonated remotely as the officer left the courtyard of his home in the city's Slavyanka district, near a Lenta supermarket and a Tatneft gas station on the Kolpinskoye Highway.

The officer served in Russia's 6th Air Force and Air Defense Army, according to reports. Traffic on the highway was suspended and emergency services were dispatched, while Russia's Investigative Committee opened a murder case without disclosing the victim's name or rank.

It was the second car bombing targeting a Russian military officer in Slavyanka in less than three months. On Aug. 27, a car carrying an officer and his wife exploded in the same neighborhood, killing the man and seriously injuring his wife; the victim was likely 43-year-old Maj. Sergey Sechkov of the 332nd Separate Guards Helicopter Regiment. A string of similar attacks has killed Russian military figures since Moscow's full-scale invasion of Ukraine.

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6. Bomb Threats Force Evacuations at Hundreds of Schools Across Europe

Source: POLITICO.eu

A fresh wave of bomb threats hit schools in Italy, Britain and Ireland on Wednesday, causing widespread disruption and evacuations, local media reported. In Italy, more than 300 schools were evacuated after receiving identical threats; Education Minister Giuseppe Valditara later said the threats were fake.

The concrete risk is virtually nonexistent. It is most likely a cyberattack, not a real threat," Valditara told ANSA. Prime Minister Giorgia Meloni said on Facebook that the country was doing everything necessary to ensure citizens' safety, adding that investigations had found no element suggesting a concrete, persistent danger.

More than 270 schools in Scotland and over 300 in Northern Ireland received similar threats, and some schools in England and the Republic of Ireland also got emails. Irish Education Minister Hildegarde Naughton said police assessed the emails as "not credible" and that schools need not evacuate. The threats follow last Friday's targeting of several of Ireland's top media outlets and at least 18 European flights, with 22 flights disrupted the day before; the flight threats were signed "Fighters of the Male State," whose founder denied involvement.

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7. UK Economy Grows 0.7% in Third Quarter, Fastest in More Than Two Years

Source: BBC News

The UK economy grew 0.7% in the three months to September, accelerating from the previous quarter and marking its fastest growth in more than two years, official figures show. The BBC reported that the economy proved far more resilient than expected over the summer despite higher energy prices caused by the Iran war.

Strong growth in services drove the figures. Within services, computer programming registered its fastest growth in three years, helped by cloud computing and AI-linked spending; computer programming and consultancy have been the biggest drivers of growth so far this year. ONS chief economist Grant Fitzner said it was "possible growth could have been even stronger" without the war in the Middle East.

Prime Minister Andy Burnham called the figures "welcome news", while Chancellor John Healey told the BBC they showed "remarkable resilience". The figures put the UK on course to be the second fastest growing economy in the G7. But PwC senior economist Jake Finney cautioned that growth is likely to slow unless energy markets stabilise, with a sharp rise in energy bills forecast for January.

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8. Spain's Housing Crisis Sparks First General Strike in 14 Years

Source: DW

Millions of union workers across Spain staged the country's first general strike in 14 years on Wednesday, bringing Europe's fourth-largest economy to a standstill, before hundreds of thousands took to the streets to protest housing shortages and unaffordable rents under the motto "Salaries. Housing. Prices."

Authorities said about 120,000 people gathered in Madrid on Wednesday evening despite heavy rain. Barcelona officials put turnout there at 55,000 for the evening marches, while housing activists claimed 400,000. Peaceful protests later gave way to unrest in Barcelona, where small groups of young men smashed storefront windows, set fire to dumpsters and fired fireworks at police.

The crisis, symbolized by the eviction and death of 87-year-old Maricarmen Abascal in Madrid earlier this year, has prompted a snap election set for Nov. 29. Legislation by Prime Minister Pedro Sanchez's government to ease renters' plight was blocked in parliament, after which his government approved two extraordinary decrees with similar measures. Spain's central bank estimates a deficit of about 750,000 homes, set to exceed one million by 2028; average rent is 1,176 euros ($1,315) a month, equal to 99% of the average young person's salary.

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9. Missing Australian Teen Found Alive After Six Days in the Bush

Source: ABC News

A 17-year-old boy with autism was found alive on Thursday after six days lost in eastern Australian woodlands, police said. Police identified him only as William; he had gone missing last Friday while camping with a teenage friend near Walhalla, a former gold-mining town 185 kilometers (115 miles) east of Melbourne.

A police helicopter crew found him asleep on a flat rock beside a creek, surrounded by wilderness. Video from the rescue helicopter showed him shirtless and sunburned, wearing shorts and boots and using towels as blankets. He was later reunited with his mother and taken to hospital for observation; police said he was in good spirits and mostly in good health.

Acting Police Inspector Jason Benbow said William trekked for days up and down "some very steep terrain" and spent his last two days at the creek, 2 kilometers (1.2 miles) from his campsite, trapped by the steepness of his surroundings. "He woke up to the sound of the helicopter, gave them a thumbs up and they winched him to safety," Benbow said. More than 100 emergency services personnel and volunteers took part in the search. His mother, Elizabeth, told reporters she was "just over the moon that he's alive."

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10. OpenAI Quarterly Revenue Tops $10 Billion for the First Time

Source: TechCrunch

OpenAI's quarterly revenue crossed $10 billion for the first time, Bloomberg reported, citing anonymous sources, an increase of almost 50% from the $6.7 billion in sales reportedly recorded in the second quarter and a marked acceleration from earlier growth of about 18% between the first and second quarters.

The company's adjusted operating margin narrowed from -150% in the second quarter to -109% in the third quarter, according to the report, and its annual revenue run rate has reached $50 billion. OpenAI has recently benefited from tighter pricing, discounts, improving models and a greater focus on enterprise products and AI agents that can complete tasks for users.

Rival Anthropic leads the enterprise market, reporting third-quarter revenue of $17 billion and an annual run rate of $81 billion as of the end of October, while seeking a $1.4 trillion valuation in an IPO expected soon. The two companies calculate annualized revenue differently: Anthropic counts sales made by its cloud partners, while OpenAI reports only its share of some partner sales.

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