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 KUWAIT, Nov 26: 1962 — Kuwait minister of guidance and news, Sheikh Sabah Al-Ahmad Al-Sabah, assigned Bader Khaled Al-Bader to run Kuwait Office in Dubai with a task of establishing schools, health centers and mosques in the seven Emirates.1964 — Kuwait Amir Sheikh Abdullah Al-Salem Al-Sabah signed a decree-into-law restricting imports of commodities to Kuwaiti citizens and companies.1970 — Kuwait Amir Sheikh Sabah Al-Salem Al-Sabah signed a law regulating companies’ securities’ trade.1987 — Kuwait’s former army chief of staff Sheikh Mubarak Al-Abdullah Al-Jaber Al-Sabah died at the age of 53. He was appointed Army Chief of Staff in 1963 and…

This report is from this week’s CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s driving the world’s second-largest economy. You can subscribe here.The big storySitting in his new Beijing office, AI2 Robotics Founder and CEO Eric Guo wistfully reflected on fundraising challenges in China — and noted that U.S.-based humanoid rival Figure recently raised $1 billion in a single round, at a $39 billion valuation.That’s far more than what a Chinese robotics company can typically raise, he said.His strategy for growth? Do more with less. That means, for instance, developing a robotics AI model that uses…

Jensen Huang is interviewed by media during a reception for the 2025 Queen Elizabeth Prize for Engineering, at St James’ Palace November 5, 2025 in London, England, U.K.Yui Mok | Getty Images Entertainment | Getty Images Uneasy lies the head that wears the crown. Shares of artificial intelligence czar Nvidia fell 2.6% on Tuesday as signs of unrest continued rippling through its kingdom. Over the month, Nvidia has been contending with concerns over lofty valuations and an argument from the “The Big Short” investor Michael Burry that companies may be overestimating the lifespan of Nvidia’s chips. That accounting choice inflates profits,…

Driverless WeRide robotaxis for Uber.Courtesy: UberUber on Wednesday rolled out fully driverless rides in its fourth market, launching the service in Abu Dhabi in partnership WeRide, a Chinese autonomous vehicle company. The ride-hailing company said the launch in the United Arab Emirates capital represents the first driverless robotaxi service in the Middle East. In the U.S., Uber already offers robotaxi services in Austin, Phoenix and Atlanta through Alphabet’s Waymo.Riders in Abu Dhabi can book a WeRide robotaxi when requesting an UberX or Uber Comfort ride, the ride-hailing company said. WeRide, which is listed on the Nasdaq, formed its partnership with…

BANGKOK (AP) — Severe flooding in southern Thailand has caused at least 33 deaths since the weekend, officials said, as dramatic video footage showed people whose homes were virtually engulfed by water awaiting help on rooftops.About 1 million households and more than 2.7 million people have been impacted by floods in 12 southern provinces triggered by heavy rains, the Department of Disaster Prevention and Mitigation said Wednesday.The accumulated rainfall began to decrease Wednesday and authorities were hopeful water levels would start to recede, but the Meteorological Department issued a warning for heavy rains and flash flooding in the country’s southern…

This report is from this week’s CNBC’s UK Exchange newsletter. Like what you see? You can subscribe here.Follow CNBC’s coverage of the Budget throughout the day on our live blog here. The dispatchDespite the millions of words written and spoken about today’s Budget, the event will probably be all but forgotten a decade hence.Give or take one or two, most Budgets are quickly forgotten by most people apart, maybe, from some politics nerds and the splendid folk at the Institute for Fiscal Studies who are paid to assess these things.Rachel Reeves, the chancellor of the Exchequer (U.K. finance minister), has done her best to…

DHAKA, Bangladesh (AP) — A devastating fire in a crowded slum int the heart of Bangladesh’s capital has destroyed 1,500 shanties, leaving thousands homeless, authorities said Wednesday.No casualties have been reported.The blaze, which began Tuesday evening at the massive Korail slum in Dhaka, was doused Wednesday after 16 hours, said Rashed Bin Khalid, a duty officer at the Department of Fire Service and Civil Defence.The fire service’s director, Lt. Col. Mohammad Tajul Islam Chowdhury, said about 1,500 shanties were burned or damaged in the blaze and thousands remained homeless.According to official data, about 60,000 families — many of them climate…

ANKARA, Turkey (AP) — A court on Wednesday convicted a Turkish journalist of threatening President Recep Tayyip Erdogan, reports said, in a case that critics view as an attempt to silence a prominent voice against the government.Fatih Altayli, 63, a veteran journalist whose YouTube programs attracted hundreds of thousands of views daily, was sentenced to four years and two months in prison.He was detained in June and charged with issuing and publicly disseminating a threat against the president.Altayli has denied the accusation and plans to appeal his conviction. The court ruled that he remain in jail pending the appeals process,…

Lights on in skyscrapers and commercial buildings on the skyline of the City of London, UK, on Tuesday, Nov. 18, 2025. U.K. business chiefs urged Chancellor of the Exchequer Rachel Reeves to ease energy costs and avoid raising the tax burden on corporate Britain as she prepares this year’s budget. Bloomberg | Bloomberg | Getty ImagesLONDON — European stocks ended Wednesday in positive territory amid rising expectations that the U.S. Federal Reserve will cut interest rates in December. The pan-European Stoxx 600 finished the session almost 1.1% higher, with most sectors and major regional bourses in the green.Regional indexes are following their…

This article first appeared on Pacific Forum and is republished with permission. Read the original here. In the global contest over critical minerals, Myanmar has emerged as an unlikely pivot. Rare earth elements (REE)—dysprosium, terbium, and others indispensable for magnets in wind turbines, electric vehicles, and advanced defense systems—have become geopolitical assets of immense strategic importance. Myanmar has become the world’s third-largest producer of rare earth elements behind China and the US, with total production estimated at around 31,000 metric tons in 2024, up significantly from about 12,000 metric tons in 2022. The epicenter of their extraction lies in northern…