Nvidia’s value tumbles by $330bn after ‘honeytrap’ investigation launched, as China denies spying claims – business live
Posted on Monday November 09, 2026

Shares in world’s most valuable company hit seven-month low after CEO Huang admits to affair, after allegations of relationship with Chinese spy

• Nvidia opens investigation after report CEO Jensen Huang was target of foreign intelligence

Huang is receiving support from some fellow tech executives, including Elon Musk.

Musk commented “I agree” on a post by ​Sequoia partner Shaun Maguire that said Huang “did something incredibly dumb” that was “bad for America” but that “Jensen is irreplaceable for America’s AI leadership”.

“While Nvidia has sought to reassure us all, ​there are several layers here, beginning with the unfortunate timing.

“For example: The company is systemically important for tech, markets and the economy; Investors tend to struggle to price in key-person and governance issues; and there are fluid national security and geopolitical dynamics.”

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EU sues IBM and two European firms over troubled entry/exit border system
Posted on Monday November 09, 2026

Lawsuit filed last year against IBM, Atos and Leonardo after delays to delivery to troubled new system

The EU has filed a lawsuit against IBM and two other companies involved in its troubled border-management system, an internal document has revealed.

The bloc’s IT agency, EU-Lisa, filed a case last year against IBM, the French IT company Atos and Italian defence contractor Leonardo, the three members of a consortium to implement and maintain the EU’s entry/exit system, which was launched in October 2025.

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Thames Water asks creditors for more time to help repay £20bn debt pile
Posted on Monday November 09, 2026

Troubled utility lobbies for deadline on part of the debt to be extended to March 2028

Thames Water has asked creditors for more time to pay back billions of pounds in debt, as the water company scrambles to keep itself afloat.

The UK’s largest water company said it had proposed an “interim” deal under which the deadline to pay off an unspecified portion of the £20bn of debt on its balance sheet would be extended from 2027 to March 2028.

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Fixing UK’s youth jobs crisis demands much more investment, TUC boss warns
Posted on Monday November 09, 2026

Paul Nowak also calls on government to avoid arbitrary benefit cuts before much-anticipated Milburn report is published this week

Fixing Britain’s youth jobs crisis will require ministers to drastically increase investment in employment support while avoiding arbitrary cuts to benefits, the head of the trade union movement has said.

Before an important official report expected next week, the general secretary of the Trades Union Congress, Paul Nowak, said the government had a “once in a generation chance” to secure young people’s futures.

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Nvidia opens investigation after report CEO Jensen Huang was target of foreign intelligence
Posted on Monday November 09, 2026

CEO reportedly ‌had close relationship ‌with a Chinese businesswoman who passed information to ‌Beijing

Nvidia said ⁠on Sunday it “is initiating an independent investigation in light of recent reporting that founder and CEO Jensen Huang has been the target of a foreign intelligence effort”.

The New York Times reported in ​October that Donald Trump had been briefed last year on intelligence that Huang ‌had a close relationship ‌with a Chinese businesswoman who passed information to ‌Beijing.

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Today’s AI won’t achieve superintelligence. But catastrophic risk is real | Sunita Verma
Posted on Monday November 09, 2026

The same technical limits that prevent superintelligence make these systems dangerous. But we know how to regulate them

Many Silicon Valley leaders believe superintelligence is an imminent threat to society. The White House even published an accord about it. This isn’t enough.

Geoffrey Hinton, the godfather of AI, estimates the risk of human extinction is at least 10% within the next few decades. The Anthropic CEO, Dario Amodei, argued that unchecked AI “could outrun our ability to understand and control these systems”. In response, 1,300 leaders and employees from many leading AI companies signed a letter calling to “deliberately pace” development.

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‘I’m going to tell the truth. Screw this!’ Billie Jean King at 82 on coming out, tearing up tennis – and her one big regret
Posted on Monday November 09, 2026

She was the world No 1, whose fight for equal prize money changed women’s lives. As competitive as ever in her ninth decade, she discusses sexuality, tenacity and what it was like to finally graduate college this year

Every day, Billie Jean King tries to come up with a “gratitude list” in her head, identifying the people who have played a part in making her life so fulfilling. On the day we speak, the list includes her nephew and her wife, Ilana Kloss, who like her is a decorated former tennis player. And, as ever, Susan Williams, who was in King’s fifth grade class at school in Long Beach, California, when she was 11 years old.

“Do you want to play tennis?” Williams asked one day. “What’s tennis?” King responded. She had always been a sporty child, and her parents, unusually for the time, encouraged her athletic ambitions just as much as they did her brother’s (he later became a major league baseball pitcher). Although basketball was a big part of her early childhood, Williams was the first person to tell her about tennis. “She said: ‘You get to run, jump and hit a ball.’ And I went: ‘Oh, three of my favourite things.’”

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Uncapped Notts spinner Patterson-White earns England Test call-up for South Africa
Posted on Monday November 09, 2026

• 28-year-old rewarded for county performances

• Bashir to tour with Lions along with seamer Carse

The uncapped Nottinghamshire spinner Liam Patterson-White has been rewarded for his most productive County Championship season with a call-up to England’s squad for their first red-ball assignment of the winter, the three Tests against South Africa that start in Johannesburg next month.

The potential importance of spin bowling in South Africa was demonstrated in their recent home series against Australia, which the hosts won to propel themselves to No 1 in the ICC rankings and in which their most successful bowler was Simon Harmer, who took 14 wickets at 29.35.

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