Nvidia, the global leader in chip manufacturing, has once again demonstrated its dominance by exceeding Wall Street’s revenue and sales forecasts, alleviating concerns over AI-related expenditures that have recently unsettled the stock market. The company’s quarterly earnings report, released on Wednesday, revealed a staggering 62% increase in revenue, reaching $57 billion for the three months ending in October. This surge was primarily fueled by the robust demand for its chips, which are integral to AI data centers. The division responsible for these chips saw a remarkable 66% rise in sales, surpassing $51 billion. Additionally, Nvidia’s fourth-quarter sales projections, estimated at around $65 billion, exceeded market expectations, leading to a more than 3% increase in its stock price during after-hours trading. As the world’s most valuable company, Nvidia is widely regarded as a key indicator of the AI industry’s health. Its performance is closely monitored by investors and analysts alike, as it provides critical insights into market sentiment and the broader trajectory of AI development.
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Missouri seeks federal help in pressing China for $25 billion in COVID damages
Missouri has intensified its efforts to seize Chinese government-owned assets in the United States, seeking assistance from the Trump administration to enforce a $25 billion court judgment related to the COVID-19 pandemic. State Attorney General Catherine Hanaway announced on Wednesday that Missouri has requested the U.S. State Department to formally notify China of its intent to pursue assets with full or partial Chinese government ownership to satisfy the judgment. This legal action stems from a lawsuit accusing China of hoarding personal protective equipment (PPE) during the early stages of the pandemic, allegedly causing harm to Missouri and its residents. A federal judge ruled in favor of Missouri earlier this year after China refused to participate in the trial, dismissing the lawsuit as “very absurd” when it was initially filed in 2020. China’s Ministry of Foreign Affairs has consistently rejected the ruling, asserting that its pandemic-related actions are not subject to U.S. jurisdiction. Legal experts have expressed skepticism about Missouri’s ability to collect on the judgment, citing federal laws that generally protect foreign nations from lawsuits in U.S. courts. Hanaway acknowledged the complexity of the process, stating that Missouri is compiling a list of Chinese properties that could be targeted, including those wholly or partially owned by the Chinese government. Liu Pengyu, spokesperson for the Chinese Embassy in Washington, condemned the lawsuit as a politically motivated and baseless legal maneuver, emphasizing China’s opposition to such actions. The State Department has yet to respond to Missouri’s request. The case has followed an unusual legal trajectory, with an appeals court allowing the PPE hoarding allegation to proceed after an initial dismissal in 2022. The judgment includes tripled damages and interest, reflecting Missouri’s estimated losses. The lawsuit was originally filed by former Attorney General Eric Schmitt, a Trump ally, and has since been inherited by Hanaway, who was appointed by Republican Governor Mike Kehoe.
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US military officials in Ukraine for talks on ending war
A high-level US military delegation, led by Army Secretary Dan Driscoll, arrived in Kyiv on Wednesday to engage in discussions aimed at ending the ongoing conflict between Ukraine and Russia. The delegation, which includes top US Army officials such as Chief of Staff Gen Randy George and Europe’s top commander Gen Chris Donahue, is set to meet Ukrainian President Volodymyr Zelensky on Thursday following his return from Turkey. The visit underscores the Biden administration’s commitment to exploring avenues for peace amidst escalating violence. Earlier in the day, a Russian missile and drone attack on the western Ukrainian city of Ternopil claimed at least 26 lives, highlighting the urgency of the situation. Army spokesman Col David Butler stated that the delegation’s mission is to gather facts and discuss strategies to bring the war to a close. Reports have emerged suggesting that the US and Russia have privately drafted a 28-point peace plan, which reportedly includes significant concessions from Ukraine, though neither Washington nor Moscow has officially confirmed its existence. Ukrainian Defence Minister Denys Shmyhal, who met with Driscoll, emphasized the focus on implementing defence agreements reached between Presidents Zelensky and Trump. Shmyhal also expressed gratitude for the US approval of a $105 million support package for Ukraine’s PATRIOT air-defence system. While Kremlin spokesman Dmitry Peskov downplayed the reports, citing the ‘spirit of Anchorage’ from the August summit between Putin and Trump, President Zelensky has consistently rejected any territorial concessions. The talks come as Kyiv and its Western allies push for an immediate ceasefire, though Moscow remains steadfast in its demands, which Ukraine views as tantamount to capitulation.
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Dubai flights: Emirates ‘happy’ to add more seats to Indian cities, says CEO
Emirates Airline is poised to enhance its connectivity to Indian cities, with its Chairman and CEO, Sheikh Ahmed bin Saeed Al Maktoum, expressing enthusiasm for increasing seating capacity. Speaking at the Dubai Airshow 2025, Sheikh Ahmed highlighted the airline’s commitment to expanding its presence in India, a key market for the Dubai-based carrier. Despite not having increased capacity on Indian routes for over a decade, Emirates remains optimistic about future growth opportunities. ‘We are happy to see that the Indians are giving us more seats in India, which will benefit both the Indian economy and our operations,’ he stated. The UAE’s open sky policy and bilateral aviation agreements with India have facilitated robust air travel between the two nations, with the Dubai-India corridor being one of the busiest in the region. Emirates currently operates flights to major Indian cities, including Ahmedabad, Bengaluru, Kochi, Chennai, Delhi, Hyderabad, Thiruvananthapuram, Kolkata, and Mumbai. The airline’s extensive network, spanning Europe, Asia, Africa, and the Americas, further strengthens its appeal to the Indian diaspora. In a significant move, Emirates recently announced orders for 65 additional Boeing 777-9 aircraft, valued at $38 billion, as part of its aggressive expansion strategy. Sheikh Ahmed emphasized that while India’s decision not to increase seating capacity may limit growth in that region, the airline will continue to explore other global opportunities. ‘The globe is big. If one place restricts us, we will focus on others to carry more passengers,’ he added. Emirates’ expansion plans underscore its commitment to maintaining its position as a leading global carrier.
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No passports, queues: Dubai plans ‘red carpet’ airport experience at Al Maktoum
Dubai Airports is set to revolutionize air travel with its ambitious ‘red carpet’ experience at Al Maktoum International Airport (DWC), eliminating traditional hassles such as passport checks, queues, and check-in desks. This initiative, announced by Ismail Polat, Senior Vice President for Development at Dubai Airports, aims to create a seamless and frictionless journey for passengers. The concept builds on the success of a ‘smart corridor’ at Dubai International Airport (DXB), where travelers can clear immigration in just six seconds using facial recognition technology, even during peak seasons. The new system integrates data from seven agencies to ensure security while maintaining a smooth passenger experience. By the early 2030s, all operations from DXB will transition to DWC, which will feature a Dh128-billion passenger terminal capable of handling 260 million passengers annually. The project leverages advanced AI and predictive systems to anticipate passenger needs and optimize airport processes. Polat emphasized that the focus is on creating a personalized and curated experience for each traveler, rather than imposing standardized procedures. This innovative approach underscores Dubai’s commitment to setting new benchmarks in aviation and enhancing global travel standards.
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China’s role in technology advancement and ASEAN ties highlighted at summit
The Global Chinese Economic and Technology Summit 2025 (GCET 2025), held in Kuala Lumpur on November 19, 2025, underscored China’s critical role in advancing global digitalization and sustainable development, particularly through its partnerships with Malaysia and ASEAN member states. The event, themed ‘Global Leadership and Partnership in the Age of Digital and Green Transformation,’ drew over 400 participants, including policymakers, diplomats, and business leaders, to deliberate on future economic and technological trends.
Malaysian Deputy Prime Minister Ahmad Zahid Hamidi emphasized Malaysia’s strategic position as the ASEAN 2025 chair, stating, ‘The countries that act fastest will lead the next decade.’ He highlighted China’s enduring status as Malaysia’s top trading partner for 16 consecutive years, with bilateral trade surpassing 200 billion ringgit ($48.2 billion) by May 2025. Zahid identified the digital economy, green transition, and the global Chinese diaspora as key drivers of ASEAN’s future growth, particularly in areas like artificial intelligence, smart manufacturing, and green technology.
KSI Strategic Institute for Asia Pacific President Michael Yeoh echoed the importance of preparing for a new economy shaped by digitalization, green energy, and shared prosperity, especially amid rising geopolitical tensions. The summit served as a platform to foster collaboration and dialogue, reinforcing China’s leadership in technological innovation and its commitment to sustainable development within the ASEAN region.
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China’s new C919 is given a Dubai debut
China’s domestically developed C919 aircraft marked its international debut at the 19th Dubai Airshow, signaling a significant milestone in the country’s aviation industry. The event, held on November 19, 2025, highlighted the aircraft’s growing global appeal and its potential to compete in international markets. Sameer Alhashmi, CEO of Arzana Aviation Consultancy, emphasized the C919’s promising prospects, particularly in regions like Africa, where demand for modern and efficient aircraft is on the rise. The C919, a narrow-body jet designed to rival established models from Boeing and Airbus, represents China’s ambitious push to establish itself as a major player in the global aviation sector. Its presence at the Dubai Airshow underscores China’s commitment to innovation and its strategic efforts to expand its footprint in the aerospace industry. The event also served as a platform for China to showcase its technological advancements and foster international partnerships. As the C919 gains traction, it could reshape the competitive landscape of the aviation market, offering a new alternative to airlines worldwide.
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Gaza’s Palestinians sceptical after UN resolution ‘ignored humanitarian needs’
Residents of the Gaza Strip have expressed deep skepticism following the United Nations Security Council’s adoption of a resolution that authorizes foreign governance and an international force in the war-torn territory. The resolution, drafted by the United States and passed on Monday, has been met with criticism from locals who argue that it prioritizes political conditions over urgent humanitarian needs. Abu Malek Jerjawi, a Gaza resident, lamented that the UNSC’s decision ties reconstruction and relief efforts to disarmament, a move he described as ‘deeply disappointing’ and a ‘disaster’ for the population. ‘The Council disregarded all humanitarian needs and tied them to political considerations,’ Jerjawi told Middle East Eye. The resolution, known as UNSC 2803, supports a transnational governing body led by former U.S. President Donald Trump and the establishment of an international force to oversee the demilitarization of Gaza. However, critics fear this approach will exacerbate tensions rather than bring stability. Satellite analysis by the United Nations Satellite Centre (UNOSAT) reveals that over 80% of structures in Gaza have been destroyed or damaged since the conflict began more than two years ago, leaving most of the 2.3 million residents internally displaced and lacking basic necessities. Nermin Basel, a mother of three who fled Gaza during the war, emphasized that any international plan must guarantee the return of displaced Palestinians. ‘Leaving was never our choice, but staying meant certain death,’ she said. ‘Any plan to end the war and improve the situation must ensure we can return.’ The resolution has also been rejected by armed Palestinian factions, including Hamas, which insists that resistance to occupation is a legitimate right under international law. Critics argue that the resolution risks eroding Palestinian claims to the land and fails to address the root causes of the conflict. Jerjawi warned that the mandate granted to the international force could ‘reproduce the war’ rather than end it, further destabilizing the region.
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Dh540,000 win: Indian, Bangladeshi expats take home combined prize in Big Ticket contest
In a heartwarming turn of events, four expatriates from India and Bangladesh have collectively won Dh540,000 in the Big Ticket’s The Big Win Contest. The winners, who participated in the series 280 Big Ticket draw, expressed their joy and gratitude for the life-changing opportunity. Among the winners was a 57-year-old expatriate from Kerala, who has been purchasing tickets monthly for the past decade alongside a close-knit group of friends. He described the experience of visiting the Big Ticket studio and winning the contest as surreal and plans to share his prize with his group. Another winner, a 49-year-old senior piping engineer from Tamil Nadu, shared his surprise at winning Dh130,000, having purchased tickets individually since 2019. A Bangladeshi expatriate residing in Al Ain also took home Dh150,000, expressing his intention to share the prize with friends. The fourth winner, a 34-year-old engineer from Kerala, won Dh150,000 and plans to use his share to buy gifts for his family. All winners emphasized the importance of perseverance and encouraged others to continue participating in the draws, as their moment of success came unexpectedly.
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Henan retailer’s reparation policy fosters workers’ rights
Pang Donglai Trading Group, a prominent supermarket chain in Henan province, has taken a groundbreaking step in safeguarding employee rights by introducing a comprehensive compensation policy for workplace dignity violations. The company recently disclosed detailed records of payments made to employees who experienced personal dignity infringements, highlighting its commitment to fostering a respectful and fair work environment.
On November 19, 2025, the retailer released its ‘Compensation Standards for Pangdonglai’s Infringement of Personal Dignity’ on its official website. The document outlines 33 cases recorded between January 1 and October 31, 2025, with total compensation amounting to 359,000 yuan ($50,495). The policy underscores the company’s belief that personal dignity is an inviolable right, with the mental and physical harm from such incidents often being ‘lifelong, extremely painful, and irreversible.’
One notable case involved an employee surnamed Cheng, who was assaulted while escorting an abusive customer out of a store in Xuchang on January 26. The customer, later identified as having mental health issues, slapped Cheng twice. The company compensated Cheng with 30,000 yuan, demonstrating its zero-tolerance stance on workplace violations.
Since July 2024, Pang Donglai’s founder, Yu Donglai, has actively promoted the policy through his personal Douyin account. The compensation framework includes payments of over 5,000 yuan for unjust accusations, over 10,000 yuan for insults, and over 30,000 yuan for physical assaults. Yu emphasized that customers involved in such incidents would also face legal repercussions.
The initiative aims to cultivate a corporate culture rooted in respect, fairness, and justice while advocating for stronger social and legal protections for personal dignity. Xu Wei, a lawyer at Henan Tianji Law Firm, praised the policy for exceeding legal obligations and setting a benchmark for employee welfare. ‘It exemplifies how employers can treat workers with dignity and respect,’ Xu noted.
Tang Yaqin, a frequent customer from Zhengzhou, commended the company’s people-first approach, stating that such practices foster employee loyalty and consumer trust. Founded in 1995, Pang Donglai has grown to 13 stores across Xuchang and Xinxiang, employing approximately 8,300 workers with an average monthly salary of 9,000 yuan. The chain is renowned for its employee-friendly policies, including generous paid leave allowances.
As of November 8, 2025, the company’s total sales for the year reached 200.35 billion yuan, surpassing the previous year’s figures by 30 billion yuan. This success underscores the positive impact of its progressive policies on both employee morale and business performance.