Archive edition
Democrats take the U.S. Senate as House counting continues; Trump announces an Israel aid shift; Asian tech shares fall. Turkey’s Togg deal and Antalya’s climate agenda also move forward.
U.S. midterms
AP reports that Democrats have won control of the Senate and are approaching a House majority after flipping seats in several Republican strongholds. House control was still unresolved in the report checked this morning. The result would increase congressional scrutiny of President Trump and change the path for legislation and appointments.
Middle East
Trump announced plans to end roughly $4 billion in annual U.S. assistance to Israel while continuing weapons sales, saying Netanyahu had discussed the change with him. The announcement would reshape a longstanding element of the relationship. It comes as renewed U.S.–Iran tensions and attacks on commercial shipping keep regional security unsettled.
Markets
In AP’s early November 4 market report, Japan’s Nikkei was down 3.6% and South Korea’s Kospi 3.2%, with AI and chip shares under pressure. These are intraday readings, not closing prices. The sell-off follows a 0.8% Nasdaq gain on November 3, showing how quickly sentiment around expensive AI stocks is shifting.
AI infrastructure
AMD reported $13.4 billion in third-quarter revenue on November 3, up 45% year over year, with data-center revenue up 97%. It forecast roughly $17 billion of revenue for the fourth quarter, subject to a 3% range. The results show continued spending on AI GPUs and server CPUs even as investors question the sector’s valuations.
App platforms
South Korea’s regulator imposed combined fines of 63.7 billion won and ordered the companies to permit external payment links and improve app reviews, AP reported Wednesday. Apple disputes the decision and is considering legal options. The ruling matters for developers’ payment choices and the costs of distributing apps through dominant platforms.
Employment & industry
The German auto supplier plans to eliminate about 2,660 jobs in Germany and close five European sites, according to November 3 reporting. The reductions are planned by 2028 as weaker vehicle demand and cost pressures hit the supply chain. The announcement adds to evidence of a difficult employment environment in automotive manufacturing.
Industry & technology
Türkiye Wealth Fund announced a share-transfer agreement involving Togg’s existing shareholders. Vestel and Anadolu Group agreed to sell their respective 23% stakes to the fund and Turkcell for a combined €368 million. The transactions are subject to approvals and closing conditions. The changes would give the state fund a larger role in Turkey’s electric-vehicle industry.
Climate diplomacy
Brazil’s COP30 presidency released voluntary plans on moving away from fossil fuels and reversing forest loss on November 3. The plans offer practical steps for countries to implement existing commitments. The agenda now heads toward the climate conference in Antalya, scheduled for November 9–20, where Turkey hosts and Australia leads negotiations.
