Talks on Pax Silica hub still going ‘extremely well’ – DTI

Inquirer.net - Nov 11, 2026

MANILA, Philippines — Negotiations between the Philippines and the United States on the latter’s Pax Silica initiative are going “extremely well,” the Department of Trade and Industry (DTI) said on Monday, despite the United States saying earlier there would be no announcement yet on the proposed tech and investment hub in Luzon. Trade Undersecretary Ceferino

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Anthropic eyes $1.4 tril. IPO valuation in test of Wall Street's AI fervor
Nov 11, 2026

Anthropic eyes $1.4 tril. IPO valuation in test of Wall Street's AI fervor

Anthropic's blockbuster IPO is set to give the company a valuation of up to $1.4 trillion, slightly short of some investors' expectations amid cooling AI appetite, setting up a defining test of Wall Street's faith in the boom that it helped ignite. The AI lab best known for its Claude chatbot and some of its investors are aiming to raise up to $64.4 billion in the IPO by selling 825 million shares priced between $70 and $78 apiece. Anthropic will also raise $26 billion via a separate private placement deal with cornerstone investors, including Alphabet's Google, Nvidia, Advanced Micro Devices . The company is launching the roadshow for a share sale that is expected to set a benchmark for the sector. At the top of the price range, Anthropic would be valued at about $1.4 trillion on a fully diluted basis, which includes securities such as stock options and restricted stock. On a non-diluted basis, excluding those securities, Anthropic's market value would be about $1 trillion. "By seeking a valuation close to 20 percent below 'market expectations', this allows investors to 'bid up' the IPO

Nvidia heads for $400 bil. 2-day wipeout as CEO affair fallout deepens
Nov 11, 2026

Nvidia heads for $400 bil. 2-day wipeout as CEO affair fallout deepens

Nvidia shares extended losses on Tuesday, putting the chip giant on track to shed more than $470 billion in market value over two sessions as concerns mounted over the fallout from CEO Jensen Huang's affair with a Chinese businesswoman alleged to be a spy for Beijing. The CEO's relationship with Alice Huang helped facilitate shipments of at least $7.5 billion worth of Nvidia chips to Chinese firms, The Information reported on Tuesday, citing two people who know her. Alice Huang and Jensen Huang are not related. The allegations have intensified scrutiny of Nvidia's governance, export-control compliance and reliance on Huang's leadership, adding to investor unease over whether massive spending on artificial intelligence infrastructure will deliver adequate returns. Nvidia's shares fell more than 6 percent following a 4.3 percent drop on Monday, allowing Microsoft to overtake the AI bellwether as the world's second-most valuable company for the first time since June 2025. "The investment debate is whether this remains company-specific or triggers restrictions and disruption across AI infras

US inflation runs hotter than expected as higher prices extend beyond gas station
Nov 11, 2026

US inflation runs hotter than expected as higher prices extend beyond gas station

WASHINGTON — U.S. inflation was higher than expected last month as the rising prices that powered sweeping Democratic victories in last week’s midterm elections appear likely to pose ongoing challenges for the White House and the Federal Reserve. The consumer price index rose 0.4 percent from September to October, the Labor Department said Tuesday, down from 0.6 percent the previous month. The government did not report a yearly inflation rate because last year's government shutdown meant no data was released for October 2025. But excluding the volatile food and energy categories, core prices rose 0.3 percent, the same as the preceding month. Both figures were a tenth of a point higher than forecast, and at an annual rate would be well above the Fed's 2 percent target. The new inflation data heightened concerns that strong consumer and business spending, combined with higher gas prices and supply disruptions stemming from tariffs and global turmoil, are creating increasingly stubborn inflation that could extend beyond temporary spikes in prices at the gas pump. The economy expanded a

What are the impeachment articles facing Pete Hegseth?
Nov 11, 2026

What are the impeachment articles facing Pete Hegseth?

WASHINGTON — Republican U.S. Representative Thomas Massie introduced eight articles of impeachment against Defense Secretary Pete Hegseth, related to the war in Iran, President Donald Trump's actions in Venezuela and even some administration actions in Washington. Hegseth has denied wrongdoing, and Trump has criticized Massie and pledged to stand by his secretary of defense. Here are the eight "high crimes and misdemeanors" in the unusual Republican-led impeachment effort against a Republican official. Iran Three of the charges are related to the conflict in Iran. Hegseth is accused of directing, authorizing and sustaining military actions against Iran beyond a 60-day limit without a formal declaration of war or authorization for the use of military force (AUMF) by Congress. A fourth Iran-related charge accuses Hegseth of ignoring laws requiring that U.S. forces minimize civilian casualties, related to a strike on a girls school in Minab on February 28, the first day of the conflict, that killed scores of children. Venezuela Two charges are related to Venezuela, whose president, Nicolas M

Hegseth slams impeachment push as 'political spectacle' undermining US troops
Nov 11, 2026

Hegseth slams impeachment push as 'political spectacle' undermining US troops

WASHINGTON — Defense Secretary Pete Hegseth dug in for a fight Tuesday against his potential impeachment in Congress , contending that a rogue lawmaker is undermining American troops in war zones by targeting him over mere “policy disagreements” and not the high crimes required in the Constitution for his possible removal. The embattled Pentagon chief has launched a counteroffensive against outgoing Republican Rep. Thomas Massie’s effort to force him from office over his handling of the unpopular Iran war and other actions. A House vote on whether to move forward with the impeachment is expected later Tuesday. Hegseth gave a defiant and politicized defense of his stewardship of the U.S. military in his first news conference at the Pentagon in six months. He chose to hit back at the rising bipartisan anger over battlefield strategy while offering few details about intermittent operations against Iran or fatal strikes on alleged drug-smuggling boats in Latin America. President Donald Trump praised Hegseth’s performance at the briefing in a social media post, while Vice President

From cutting steak to showing affection: Japanese-born professor on charms of Korean men
Nov 11, 2026

From cutting steak to showing affection: Japanese-born professor on charms of Korean men

Hosaka Yuji, a Japanese-born naturalized Korean and special professor at Korea University's Graduate School of Public Administration, has identified what Japanese women find attractive about Korean men. The growing number of marriages between Korean men and Japanese women, he said, reflects the popularity of Korean men's affectionate expressions and thoughtfulness among Japanese women. He also suggested that images of Korean men shaped by Korean dramas have played a role. “Matchmaking agencies specializing in Korea-Japan marriages have opened in Tokyo,” he noted. Hosaka made the remarks during an appearance on the YouTube channel Woongdal Bookstore on Sunday. He described this as a clear indication that Japanese women have developed a strong preference for Korean men. Hosaka cited two main reasons Korean men are increasingly sought after as marriage partners by Japanese women: their direct expressions of affection and their attentiveness. While Japanese men rarely say “I love you” in everyday life, Korean men tend to express their feelings more openly, he said. “Japanese women a

Nvidia and Jensen Huang face shareholder lawsuit alleging investors were misled about spy affair
Nov 11, 2026

Nvidia and Jensen Huang face shareholder lawsuit alleging investors were misled about spy affair

A shareholder has sued Nvidia and its CEO, Jensen Huang, accusing them of deceiving investors in their responses to media reports about Huang's affair with a purported Chinese spy that threatens national security. The complaint comes after President Donald Trump said the FBI is investigating the affair, which Huang has acknowledged and apologized for. Trump said Monday that Huang told him he had no idea the person could be involved in espionage. The affair, which is also being scrutinized by Nvidia's board, has raised concerns that Beijing is using nefarious means to gain access to Nvidia 's cutting-edge microchips, which power the development of artificial intelligence but face export restrictions to China. The complaint filed Monday in a California court says the company misled investors about Huang's relationship with Alice Huang, who news reports said is suspected of working for Chinese intelligence, and the national security implications. The news reports said that the Commerce Department was investigating Alice Huang's company, Singapore-based Megaspeed, on suspicions that it was h

House Republicans quash effort to impeach Defense Secretary Hegseth
Nov 11, 2026

House Republicans quash effort to impeach Defense Secretary Hegseth

WASHINGTON — The House on Tuesday turned aside a resolution to impeach Defense Secretary Pete Hegseth, halting an effort to remove the Pentagon chief for his conduct in office and his handling of the war in Iran. The vote came as Republicans grapple with the fallout from sweeping midterm losses that some in the party have blamed on the war in Iran and the resulting surge in gas prices. But after President Donald Trump signaled strong support for Hegseth, GOP lawmakers largely stood by the secretary Tuesday. They rejected the impeachment effort led by Kentucky Republican Thomas Massie and backed by Democrats. The vote may only delay an impeachment push against Hegseth, with Democrats set to take control of the House and Senate in January. House Democratic leader Hakeem Jeffries, who is expected to become the next speaker when Democrats take charge in January, stood firmly behind the push, saying Hegseth has “abused his power” and “undermined America’s national security.” Senate Democratic leader Chuck Schumer endorsed Hegseth’s impeachment as well. Hegseth rebuked the effort

Judge jails Thomas Markle, father of Meghan, after he cut off his ankle monitor
Nov 11, 2026

Judge jails Thomas Markle, father of Meghan, after he cut off his ankle monitor

The 82-year-old estranged father of Meghan, the Duchess of Sussex , was ordered to jail Tuesday because he removed an electronic monitoring device from his ankle, just days after he was charged with possession of child sexual abuse material. Thomas Markle was arrested and appeared in federal court in Tampa, Florida, after authorities learned he had cut off the device at 1:45 a.m., First Assistant U.S. Attorney Bill Essayli said. “Release conditions are court orders, not suggestions,” Essayli said. Markle’s arrest on Friday in Lakeland, Florida, followed the seizure of approximately 78 items from storage units in the Los Angeles area, including slides, film negatives and books that contained suspected child sexual abuse images, said Essayli, a federal prosecutor in California. Markle was living in a senior care center at the time. But U.S. Magistrate Judge Lindsay Griffin agreed Tuesday that Markle now must be kept in custody. Authorities have not said where he will be held while his case remains in court ahead of a likely transfer to California. In her written order, Griffin noted M

Nvidia faces deepening scrutiny over China chip ties, CEO affair
Nov 11, 2026

Nvidia faces deepening scrutiny over China chip ties, CEO affair

Nvidia shed about $430 billion in market value over two sessions as new reports deepened questions about CEO Jensen Huang's relationship with a Chinese businesswoman alleged to be a spy for Beijing. The controversy escalated on several fronts on Tuesday as allegations emerged that Huang's relationship with Alice Huang aided at least $7.5 billion in Nvidia chip shipments to China and that US Secretary of State Marco Rubio had previously briefed President Donald Trump on the affair. Senate Democratic Leader Chuck Schumer demanded answers from the administration and tighter curbs on chip exports to China, while the company's independent directors hired outside counsel to investigate. The allegations have turned Huang's personal conduct into a broader risk for Nvidia, raising questions about the company's governance and its dependence on the CEO who has led it for more than three decades and built it into the dominant supplier of AI chips. He owns about 3.6 percent of the company — but does not have majority voting control — and runs an unusually flat organization in which dozens of exe

US lawmakers push for tougher China export controls in defense bill amid Nvidia scrutiny
Nov 11, 2026

US lawmakers push for tougher China export controls in defense bill amid Nvidia scrutiny

There is growing momentum to pass a slate of major new export control bills targeting China, in the wake of the Democrats' takeover of the US Congress and scrutiny over American chip giant Nvidia following CEO Jensen Huang's admission of an extramarital affair. US intelligence reportedly identified the woman as a Chinese spy, a claim that Beijing has rejected. Leading US politicians have been quick to jump on the news to put pressure on the White House and other lawmakers to approve three bills covering advanced semiconductor chips and chipmaking equipment. At the center of their demands is the inclusion of the three bills in the National Defense Authorization Act (NDAA), the annual defense authorization bill. "There are provisions currently in the Senate version of the NDAA that will restrict chip access to China that I strongly support," House Democratic leader Hakeem Jeffries told reporters at a press conference on Monday US time. "I think we're going to work hard to make sure that those provisions make it into the final version of the NDAA." Jeffries is poised to become Speaker of th

US charges 3 men with plotting terror attacks, including planned assault on UK air base
Nov 11, 2026

US charges 3 men with plotting terror attacks, including planned assault on UK air base

NEW YORK — A man jailed on terrorism charges in New York was able to pass secret messages to Iranian operatives planning an attack on a British air base used by the U.S. Air Force, according to an indictment unsealed Tuesday. The new indictment offers fresh insight into an episode shrouded in mystery since Sept. 27, when a group of men were detained on suspected explosives and terrorism offenses after three suspicious vans were spotted traveling toward a British air base where U.S. bombers were stationed. The new charges accuse Mohammad Baqer Saad Dawood al-Saadi, a dual Iranian-Iraqi national jailed at the Metropolitan Detention Center in Brooklyn, of a role in plotting to attack the Royal Air Force Base in Fairford, in western England, even though he'd been arrested last spring. According to prosecutors, al-Saadi used coded language in phone and video calls to his mother and sister in Iraq to pass messages encouraging associates to carry out the air base bombing. Two other men have been charged in the case, which accuses Iran-backed operatives of plotting nearly 20 terror strikes on

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