YOUR DAY AHEAD: Nov 12, 2026

Here's a heads up on what to look out for today.

YOUR DAY AHEAD: Nov 12, 2026 

(Nov 11): Polymarket has cut jobs and terminated several contractor agreements in a reorganization as the prediction market startup seeks to compete ​with rapidly growing rival Kalshi.

An internal email from the company, ending a ‌contractor agreement, has been doing the rounds on socia...

Polymarket cuts jobs, contracts as prediction market competition heats up

SYDNEY (Nov 12): Australia's blue-chip companies are increasingly invoking artificial intelligence as they cut jobs and move work offshore, unions and experts say, complicating the government's efforts to support employment in a slowing economy.

On ​Tuesday, Qantas, Australia's flag car...

Australian companies face 'AI washing' claims after wave of job cuts, offshoring

MADRID (Nov 11): A general strike by 4 million Spanish workers — around one-fifth of the total workforce — against the ​country's housing crisis was mostly peaceful on Wednesday, unions said, though by the evening clashes erupted in some areas of Barcelona and Madrid.

Workers endur...

Millions of Spaniards stage first general strike in 14 years as anger over housing leads to clashes

YOKOHAMA, Japan (Nov 11): Nissan said on Wednesday its second-quarter operating profit dropped nearly 100% from a year earlier, underscoring the ‌scale of the challenge that CEO Ivan Espinosa faces as he tries to revive the struggling Japanese automaker.

The result highlighted...

Nissan Q2 operating profit drops sharply, highlighting turnaround challenge

Asian stocks were set for gains, tracking a Wall Street rally led by technology giants as bets grew that the artificial-intelligence trade powering the bull market is far from over.

Asian stocks set to gain on renewed US tech rally

A rally in tech giants lifted stocks on bets the artificial-intelligence trade that has powered the bull market has more room to run.

US stocks climb as Wall Street gets fresh AI fuel

EasyJet shareholders on Wednesday overwhelmingly backed a takeover by US private equity firm Apollo, as the British airline's boss insisted its fares would remain "affordable" amid soaring fuel costs.

EasyJet shareholders back £5.7 bil takeover by US firm Apollo

Spain's data protection watchdog AEPD said on Wednesday that it had launched a probe into the alleged proliferation of child sexual abuse material on social media platform TikTok brought to light in an investigation by a local news website.

Spanish watchdog opens TikTok probe but denies government demand to block app

Here is a brief recap of some business news and corporate announcements that made the headlines on Wednesday.

Zetrix AI, Dialog, United Plantations, Heineken Malaysia, S P Setia, MMAG, Southern Score, L&P Global

The Malaysian Bar has sought the court's permission to challenge the house arrest of Datuk Seri Najib Razak.

Bar files court challenge against Najib's house arrest

The retail prices of RON97, unsubsidised RON95 and unsubsidised diesel will drop by 50 sen, 40 sen and 25 sen per litre&nbsp;respectively&nbsp;from Nov 12 to 18.

Retail prices of RON97, unsubsidised RON95, diesel to drop from Thursday

Zetrix AI Bhd (KL:ZETRIX) has an additional two days to disclose material information on its financial position, dividend issues and a series of governance and operational issues, after securing an extension from the bourse regulator.

Zetrix AI gets two more days to disclose info on financial position, dividend issues

The government, through the Employees Provident Fund (EPF), will continue to study a proposal to expand the scope and coverage of the EPF i-Sayang scheme to allow Malaysian husbands to make voluntary contributions for their non-citizen wives.

Govt studies proposal to extend EPF's i-Sayang scheme to non-citizen wives 

Home Minister Datuk Seri Saifuddin Nasution Ismail is set to address the terms governing former prime minister Datuk Seri Najib Razak's house arrest in the Dewan Rakyat on Thursday.

Saifuddin to clarify Najib's house arrest terms, monitoring arrangements in Parliament on Thursday

Industrial packaging firm L&amp;P Global Bhd (KL:L&amp;PBHD) is considering diversifying into fast-moving consumer goods (FMCG), and construction and procurement of building materials to expand its earnings base.

Packaging firm L&P Global moots diversification into consumer goods, construction

The expansion of electricity bill protection to cover households consuming up to 800kWh a month is expected to cost RM248 million over four months, Deputy Prime Minister Datuk Seri Fadillah Yusof said.

Minister: Expanded electricity bill protection to cost RM248 mil, Tenaga to bear automatic fuel adjustment costs

Empire Premium Food Bhd (KL:EMPIRE), the operator of the Empire Sushi chain, posted a net profit of RM13.69 million on revenue of RM85.23 million for the second financial quarter ended Sept 30, 2026 (2QFY2027).

Empire Premium Food posts RM13.7 mil quarterly net profit

The S&amp;P 500 and the tech-heavy Nasdaq climbed on Wednesday after neocloud firm CoreWeave's strong earnings calmed investor jitters about bloated artificial intelligence (AI) expenditure.

S&P 500, Nasdaq rise as CoreWeave results ease AI spending worries

Mercedes-Benz Group AG’s struggles with shrinking demand in China mean it’s being forced into a complete overhaul of its business in the world’s biggest auto market, according to chief executive officer Ola Källenius.

Mercedes CEO flags pivot to strategy of ‘100% China for China’

Barisan Nasional (BN) chairman Datuk Seri Dr Ahmad Zahid Hamidi is confident that the political crisis in Negeri Sembilan will be resolved soon.&nbsp;

Ahmad Zahid confident Negeri Sembilan political crisis nearing resolution

Indonesia's Vice President Gibran Rakabuming Raka has resigned, an aide said on Wednesday, a move that threatens to split a key political alliance and risks further political uncertainty in Southeast Asia's largest economy.

Indonesia's vice president has resigned, aide says, stoking political uncertainty

Nvidia Corp’s investigation of chief executive officer Jensen Huang’s affair with an alleged Chinese spy is raising questions about the company’s future and sending its stock into a tailspin.

Nvidia’s bull case hinges on CEO Huang surviving China spy probe

Contracts of companies involved in the construction of the Pan Borneo Highway cannot be terminated arbitrarily, as delays in individual work packages are not necessarily caused solely by the contractors’&nbsp;shortcomings.

Pan Borneo Highway contracts cannot be terminated arbitrarily — minister

Asian stocks were set for gains, tracking a Wall Street rally led by technology giants as bets grew that the artificial-intelligence trade powering the bull market is far from over.

KUALA LUMPUR (Nov 11): The government, through the Employees Provident Fund (EPF) will continue to study a proposal to expand the scope and coverage of the i-Sayang scheme to allow Malaysian husbands to make voluntary contributions for their non-citizen wives.

Proposal to extend EPF's i-Sayang scheme to non-citizen wives being studied, Parliament hears

EasyJet shareholders on Wednesday overwhelmingly backed a takeover by US private equity firm Apollo, as the British airline's boss insisted its fares would remain "affordable" amid soaring fuel costs.

Volkswagen AG is scrapping a major advanced-manufacturing project at its sprawling headquarter as falling profits force Europe’s biggest carmaker to rethink investment across its German factories.

VW scraps advanced factory plan as earnings squeeze deepens

Myanmar's military-led government is urging the US to beef up re-engagement efforts and rapidly boost investment in the war-torn nation's rare earths mines, a critical sector now dominated by influential giant neighbour China.

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