Nvidia shares fell 10 percent after Jensen Huang resigned as chief executive and board member, following reports of an affair with a Chinese businesswoman US authorities suspect of spying for Beijing. Chief Financial Officer Colette Kress will serve as interim CEO. Nvidia's board has not yet named a permanent successor. US President Donald Trump wrote on Truth Social that former Apple CEO Tim Cook, who stepped down as Apple chief on 1 Sep 2026 and is now its executive chairman, should take the role. Apple and Nvidia did not immediately respond to requests for comment.
International Monetary Fund
4 stories since 29 October 2026, newest first
13 November 2026
9 November 2026
US stocks fell sharply on Thursday 5 Nov, led by companies tied to building AI data centres. The S&P 500 dropped 4.4 percent, its worst day since April 2025, and the Nasdaq composite fell 5.5 percent. Nvidia shares fell 9.3 percent and South Korea's Kospi index dropped 5.3 percent. Investors feared that Democrats, who won control of Congress in the 2026 midterm elections, would tighten AI rules and slow data centre construction. US President Donald Trump blamed the Democratic victory for the sell-off. On 6 Nov, the IMF's managing director said central banks would need to weigh any slowdown in AI-driven growth.
29 October 2026
Russian President Vladimir Putin opened the third Russia-Africa Summit in Moscow on Wednesday 28 Oct, telling African leaders that Russia is a natural ally and accusing the West of exploiting the continent's resources and using debt to slow growth. Delegations from 48 countries attended, including 22 heads of state. Burundian President Evariste Ndayishimiye, current African Union chair, co-chairs the two-day meeting. Putin said Russian firms want manufacturing plants in Africa to bypass Western sanctions, and cited 2025 trade of $27 billion, down 2.4 % from 2024. Putin plans one-on-one talks with most attending leaders.
Christine Lagarde announced her resignation on Thursday and will step down as European Central Bank president on 7 Feb 2027, nine months before her term ends. The decision comes as euro‑zone inflation runs at almost twice the ECB’s 2 % target and bond yields, especially in France, are rising sharply. Lagarde told officials she wants the freedom to comment on political issues beyond monetary policy. The European Council has launched a selection process, with candidates such as Klaas Knot and Pablo Hernández de Cos mentioned as front‑runners.