📡 Hourly News Briefing | 14:00–15:00
1. RecodeX summary: Canadian Prime Minister Mark Carney hosted EU leaders in Canada for talks on strengthening cooperation. Against the backdrop of pressure from the Trump administration, Canada is seeking closer ties with Europe. However, it still faces resistance over the capacity in which it can participate in European affairs and whether it can use the term “member state.”
2. RecodeX summary: Two suspects appeared in court on charges of allegedly plotting an Iran-related scheme at the UK’s RAF Fairford base. Fairford is a key forward operating base for US bombers in Europe. Reports have not yet detailed the specific charges in the case.
3. RecodeX summary: STMicroelectronics expects fourth-quarter net revenue of $4.15 billion, above the market estimate of $4.11 billion.
4. RecodeX summary: Since domestic refined-fuel prices were last adjusted on October 15, escalating geopolitical tensions in the Middle East have driven a sharp rise in international crude prices. To cushion the impact at home, the government has again intervened in refined-fuel prices. Under the current pricing mechanism, domestic gasoline and diesel (standard grades) would have risen by 440 yuan and 420 yuan per tonne, respectively, from midnight on October 29. After the intervention, the increases were limited to 345 yuan and 335 yuan, respectively, balancing relief for downstream users with the need to ensure a secure and stable supply of refined fuel.
5. RecodeX summary: Alphabet’s revenue fell short of analysts’ expectations, sending its shares down as much as 10% after hours and reflecting growing concerns about its continued investment of hundreds of billions of dollars in AI infrastructure. Microsoft’s earnings offered a contrast: cloud revenue beat expectations, Azure sales grew 48%, and capital expenditure came in at $45.2 billion, below the market’s $45.9 billion forecast. Analyst Luke Lango noted that Microsoft delivered these results while keeping capital expenditure below feared levels, in contrast to the sell-off in Meta shares last week.
6. RecodeX summary: The Haidian District Market Supervision Administration in Beijing has investigated the city’s first case involving the use of blockchain and virtual-currency technology to assist pyramid schemes. The technology company involved provided outsourced services to a public blockchain. Its “Atomic Plan” and “Hathaway Plan” were based on recruiting participants in exchange for rebates and required them to invest money to qualify for entry. The blockchain has been investigated by public security authorities in accordance with the law, and the pyramid scheme organizers have all been placed in criminal detention. Regulators determined that the technology company should have known that pyramid scheme applications were operating on the blockchain, under the Prohibition of Pyramid Selling …
7. RecodeX summary: Bela Bajaria, Netflix’s former chief content officer, proposed to Microsoft-owned Xbox that it grant exclusive film and television adaptation rights to a slate of game IPs for seven years in exchange for $500 million. Xbox CEO Asha Sharma and its business team rejected the offer and raised the price to $800 million, after which negotiations collapsed.
8. RecodeX summary: Russia has drawn up standards for testing cryptocurrency investors and plans to require them to pass a knowledge test before buying or trading cryptocurrencies on regulated platforms. Ekaterina Andreeva, first deputy chair of the National Association of Securities Market Participants (NAUFOR), outlined the arrangements. Under the standards, investors who fail the test will face restrictions on the scope of their trading.
1. RecodeX summary: Canadian Prime Minister Mark Carney hosted EU leaders in Canada for talks on strengthening cooperation. Against the backdrop of pressure from the Trump administration, Canada is seeking closer ties with Europe. However, it still faces resistance over the capacity in which it can participate in European affairs and whether it can use the term “member state.”
2. RecodeX summary: Two suspects appeared in court on charges of allegedly plotting an Iran-related scheme at the UK’s RAF Fairford base. Fairford is a key forward operating base for US bombers in Europe. Reports have not yet detailed the specific charges in the case.
3. RecodeX summary: STMicroelectronics expects fourth-quarter net revenue of $4.15 billion, above the market estimate of $4.11 billion.
4. RecodeX summary: Since domestic refined-fuel prices were last adjusted on October 15, escalating geopolitical tensions in the Middle East have driven a sharp rise in international crude prices. To cushion the impact at home, the government has again intervened in refined-fuel prices. Under the current pricing mechanism, domestic gasoline and diesel (standard grades) would have risen by 440 yuan and 420 yuan per tonne, respectively, from midnight on October 29. After the intervention, the increases were limited to 345 yuan and 335 yuan, respectively, balancing relief for downstream users with the need to ensure a secure and stable supply of refined fuel.
5. RecodeX summary: Alphabet’s revenue fell short of analysts’ expectations, sending its shares down as much as 10% after hours and reflecting growing concerns about its continued investment of hundreds of billions of dollars in AI infrastructure. Microsoft’s earnings offered a contrast: cloud revenue beat expectations, Azure sales grew 48%, and capital expenditure came in at $45.2 billion, below the market’s $45.9 billion forecast. Analyst Luke Lango noted that Microsoft delivered these results while keeping capital expenditure below feared levels, in contrast to the sell-off in Meta shares last week.
6. RecodeX summary: The Haidian District Market Supervision Administration in Beijing has investigated the city’s first case involving the use of blockchain and virtual-currency technology to assist pyramid schemes. The technology company involved provided outsourced services to a public blockchain. Its “Atomic Plan” and “Hathaway Plan” were based on recruiting participants in exchange for rebates and required them to invest money to qualify for entry. The blockchain has been investigated by public security authorities in accordance with the law, and the pyramid scheme organizers have all been placed in criminal detention. Regulators determined that the technology company should have known that pyramid scheme applications were operating on the blockchain, under the Prohibition of Pyramid Selling …
7. RecodeX summary: Bela Bajaria, Netflix’s former chief content officer, proposed to Microsoft-owned Xbox that it grant exclusive film and television adaptation rights to a slate of game IPs for seven years in exchange for $500 million. Xbox CEO Asha Sharma and its business team rejected the offer and raised the price to $800 million, after which negotiations collapsed.
8. RecodeX summary: Russia has drawn up standards for testing cryptocurrency investors and plans to require them to pass a knowledge test before buying or trading cryptocurrencies on regulated platforms. Ekaterina Andreeva, first deputy chair of the National Association of Securities Market Participants (NAUFOR), outlined the arrangements. Under the standards, investors who fail the test will face restrictions on the scope of their trading.