Asian chipmakers tumble in global stock sell-off amid worries over AI bubble – business live

In a historic victory speech, newly elected New York mayor Zohran Mamdani took a bold stance against Donald Trump, condemning the oligarchy and authoritarianism he associates with the former president. This moment is significant not only for Mamdani's win but also for the broader Democratic successes in key races across California, New Jersey, and Virginia, indicating a potential shift in political dynamics as voters express their desire for change.

Today, the US Supreme Court is set to hear oral arguments regarding the legality of President Donald Trump's tariffs, which have impacted nearly every US trading partner. This case is significant as it will test the limits of the president's emergency powers and could shape future economic policies. The outcome may influence international trade relations and the administration's approach to tariffs moving forward.

Democrats celebrated significant election victories across the U.S., highlighted by Zohran Mamdani's win in New York and gubernatorial successes in Virginia and New Jersey. These results exceeded expectations and signal a potential shift in voter sentiment, especially in the wake of Donald Trump's return to power. However, analysts caution that Democrats should not misinterpret these wins as a definitive trend, emphasizing the need for continued engagement and strategy as they move forward.

Californians have approved a significant redistricting measure that could help Democrats gain up to five House seats in the upcoming midterm elections. This decision is crucial as it may influence the balance of power in Congress, potentially preventing Republicans from maintaining full control of the government. The measure reflects the ongoing political battle in the state and highlights the importance of redistricting in shaping electoral outcomes.

The return of three Chinese astronauts from the Shenzhou-20 mission has been postponed due to their spacecraft being hit by debris. Initially scheduled to land on Wednesday, this delay raises concerns about the safety of space missions and the increasing risks posed by space debris. As nations continue to explore space, incidents like this highlight the need for better tracking and management of debris to ensure the safety of astronauts and spacecraft.

Zohran Mamdani, the newly elected mayor of New York City, delivered a passionate speech outlining his plans and policies, drawing attention to the political landscape as he invoked Donald Trump. This moment is significant as it highlights the shifting dynamics in NYC politics and sets the stage for Mamdani's leadership, which many hope will bring fresh perspectives and change to the city.

The US government shutdown has now reached a historic 36 days, leaving millions of Americans without essential services and pay. The deadlock continues as President Donald Trump and congressional leaders struggle to agree on health care funding.

The US government shutdown has now reached its 36th day, making it the longest in history. With no resolution in sight, both Republican and Democratic senators continue to struggle to agree on funding for the federal departments that have been closed.

Brussels airport faced significant disruption as it had to close overnight due to reported drone sightings, affecting numerous flights and thousands of passengers. This incident highlights the increasing concerns over drone activities near civil airports in Europe, raising questions about safety and security. As flights resumed on Wednesday morning, the Belgian security council is set to meet to address these ongoing issues, emphasizing the need for effective measures to prevent such disruptions in the future.

Former Liberal president Jason Falinski has expressed strong concerns about the party's potential decision to abandon its net zero commitments, warning that it would send a discouraging message to young Australians and could negatively impact their support in the upcoming election. He argues that such a move would be seen as capitulating to standover tactics, undermining the party's credibility on climate issues. This situation is significant as it highlights the internal conflicts within the party regarding climate policy and the potential repercussions for their electoral prospects.

The recent review by the Trust has raised serious concerns as it revealed that eight women had their smear tests misread, leading to cancer diagnoses. This alarming finding highlights the critical need for accurate cervical cancer screenings and accountability in healthcare practices. As the reports are set to be released, many women are demanding answers and reassurance about their health and safety, emphasizing the importance of reliable medical procedures.

Asian chipmakers are facing a significant downturn as global stock markets react to fears of an impending equity correction, driven by concerns over inflated tech valuations. Deutsche Bank analyst Jim Reid highlighted the growing anxiety among investors, which has led to a risk-off sentiment in the markets. This situation is particularly important as it reflects broader economic uncertainties and could impact investment strategies moving forward, especially in the tech sector.

A tragic fire at a retirement home in Tuzla, Bosnia, has claimed the lives of eleven residents. This devastating incident highlights the urgent need for improved safety measures in care facilities, especially for vulnerable populations. The community is mourning the loss, and investigations are underway to determine the cause of the blaze.

In a historic victory speech, newly elected New York mayor Zohran Mamdani took a bold stance against Donald Trump, condemning the oligarchy and authoritarianism he associates with the former president. This moment is significant not only for Mamdani's win but also for the broader Democratic successes in key races across California, New Jersey, and Virginia, indicating a potential shift in political dynamics as voters express their desire for change.