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Nvidia says Kress takes charge during search for Huang’s successor

Nvidia says co-founder Jensen Huang has left his executive and board positions, with finance chief Colette Kress taking over temporarily. Shares fell 10.4% in premarket trading following the resignation. The board will assess internal and external candidates for the permanent role, while Nvidia is scheduled to report third-quarter results on 17 November.

Also in this edition

Business dailycovering Published By AveNews SI desk3 minBusiness

Written by AveNews superintelligence (SI) from AveNews articles and their sources.

Painted portrait of Colette Kress in the foreground, with Jensen Huang, the NVIDIA logo and a computer chip behind her. SI illustration
Table of contents

Companies

India approves waiver for at least 422 forensic items, documents show

India’s home minister approved exemptions that open government forensic procurement to foreign technology. The permissions and police specifications describe tools agencies could buy, not completed purchases, while digital-rights advocates question the safeguards governing access to seized phones and online accounts.

UK water regulator bans bonuses at 9 companies

The regulator says the bans blocked £6.5 million (about $8.7 million) in executive payments. It will also increase scrutiny of Anglian Water’s governance and review the bonus rules.

Economy

Updated

Spain’s interim Parliament extends eviction protections

Spain’s interim Parliament has extended eviction protections for some tenants while rejecting a restriction on property purchases. The Popular Party says it will repeal the government’s housing measures if it wins power in the November 29 election.

Armenia’s government bans whitefish roe exports for six months

Armenia’s government has adopted a six-month ban on whitefish roe exports starting 2 January 2027. The published draft includes Armenian-origin roe sent to Eurasian Economic Union countries and directs the economy minister to submit a wider export-measure proposal.

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Companies

  1. Paraguay’s central bank partially repays all eligible Ueno depositors

    People stand outside a shuttered building beneath a Paraguayan flag; a woman holds a card and a man looks at his phone. SI illustration

  2. SpaceX plans over $74 billion for Texas and Arizona campuses

    A SpaceX wordmark above pale blue outlines of industrial buildings and smokestacks, set over a painted coastal landscape. SI illustration

  3. Armenia’s safety inspectorate stops installations at two Lori companies

    A painted mountain landscape shows two fenced electrical installations beside small buildings, with a hard-hatted person standing nearby. SI illustration
Show 11 more

  1. UK court extends Poundland’s creditor protection by 10 working days

    A painted street scene shows an open Poundland shop with two people inside, opposite a Gothic-style court building with a clock tower. Autumn leaves frame the scene. SI illustration

  2. Armenia’s broadcasting regulator fines Tsayg 100,000 AMD

    A painted editing desk faces a screen showing two people in a car, one smoking. A filmstrip lies beside the controls, and a lit city is visible through the window. SI illustration

  3. UK regulator fines Meta £450,000 over WhatsApp Business data

    A painted meeting room with stacks of papers and a Meta folder beneath an Ofcom wall sign; Big Ben is visible through the window. SI illustration

  4. CD&R and GTCR drop Global Payments pursuit, sources say

    A painted glass building bears the Global Payments name, with a CD&R sign and geometric structures in the foreground and a tower at right. SI illustration

  5. Meta says purchase deals back lower-carbon materials and freight

    An illustrated industrial complex with steel beams, silos and a white truck; a glowing blue arc curves toward a distant building bearing the Meta logo. SI illustration

  6. EbonyLife and Logical African Partners launch $50 million film fund

    A painted film reel bearing the silhouette of Africa unspools into frames showing a camera, a studio light and a film set. SI illustration

  7. Kia India plans $2 billion plant in Andhra Pradesh

    A painted Kia factory with cars on its access road, beside the white outline of a large building across a dry landscape. SI illustration

  8. EP Group becomes Fnac Darty’s controlling shareholder

    A painted storefront bears EP GROUP and FNAC DARTY signs, with books, electronics and appliances visible through the windows. SI illustration

  9. Samsung begins building 6 trillion won ($4.5 billion) memory-packaging plant

    A painted construction site with a steel building frame, yellow machinery and concrete foundations behind a white barrier bearing the Samsung name. SI illustration

  10. Anthropic acquires biotech company Mithril Medicine

    A painted laboratory bench with blue and orange Y-shaped models on a tray, glassware and books beside a window, and the Anthropic wordmark on the wall. SI illustration

  11. US Defense Department commits up to $150 million loan to LeoLabs

    A large tilted rectangular panel on a wheeled trailer inside a sunlit workshop, with worktables, an overhead crane and “LeoLabs” on the wall. SI illustration

Economy

  1. Russian diesel tankers reportedly change course away from US

    Painted coastal fuel terminal with a storage tank and pipes by the water, a tanker ship offshore, and a tractor in a distant field. SI illustration

  2. EU emergency oil stocks fall to 103.5 million tonnes in July

    A painted EU flag flies above large storage tanks and pipes. A dark horizontal band crosses the front tank. SI illustration

  3. Armenia’s central bank says IMF deal could unlock $25 million

    A painted conference room with an Armenian flag and a blue folder bearing a gold emblem on the table. An International Monetary Fund seal appears on the doors. SI illustration
Show 8 more

  1. UK economy grows 0.7% at fastest pace in over two years

    A painted market street with shoppers, a produce stall and a Union Jack. A shop window displays a two-bar graphic marked “0.7%.” SI illustration

  2. Japan’s wholesale inflation rises to 7.1% in October

    A painted warehouse with crates, drums and containers beneath a Japanese flag and purple emblem. Two red bars are labeled 6.8% and 7.1%. SI illustration

  3. Gaza lost 252,000 jobs between 2023 and 2025, UN labor agency says

    A painting shows workers paving a path near a coastal city, with tools on empty workbenches and a large blue ILO emblem on an easel. SI illustration

  4. French committee adopts bill to restrict settlement trade

    Five people sit around a table beneath a French flag, with papers spread before them. Through a window are crates, buildings and a construction crane. SI illustration

  5. Germany’s inflation slows to 2.8% in October

    A painted scene of a man handing a coin to a woman at a petrol station counter, with a car, fuel pump and shopping bags behind her. SI illustration

  6. Trump threatens to double Mexico tariffs unless it stops migrant caravans

    A painted portrait of Donald Trump looms over a truck passing beneath a raised barrier, with Mexican and US flags nearby and people walking across distant hills. SI illustration

  7. Georgia bill proposes simpler entry for foreign banks

    A painted man in a dark suit holds papers at a wooden lectern with two microphones, with a Georgian flag and empty seats behind him. SI illustration

  8. Azerbaijan’s parliament considers hourly pay for short-term workers

    A painting of six people reading papers around a table beneath Azerbaijan’s flag, with a large clock and a blank desk calendar in the foreground. SI illustration

Startups & Venture

  1. UForce raises more than £500 million (about $665.9 million)

    A woman and a man assemble a drone at a workbench in a bright workshop, with British and Ukrainian flags on the wall and drone parts laid out in front of them. SI illustration

  2. Norwest raises $4 billion for its largest fund

    A painted landscape shows a circular blue pool beside a wall bearing the word “NORWEST,” with branching roads leading to distant industrial and research buildings. SI illustration

  3. Agile Robots raises $500 million in SoftBank-led round

    A painted factory assembly line with humanoid robots, wheeled robots and large robotic arms, beneath a SoftBank Group logo. SI illustration
Show 1 more

  1. Fractile raises $720 million in Series C funding

    A chip design drawing lies beside a circular wafer, a pencil, a set square and signs reading “Thrive Capital” and “Founders Fund.” SI illustration

Reports on this date

  • A man in scrubs stands beside closed doors marked “Nasser Hospital”; an empty operating table and surgical light are visible through a window. SI illustration
    AveNews

    Israeli strike leaves Gaza’s Nasser Hospital without surgical services

    Gaza’s health ministry says at least six people were killed at Nasser Hospital, where the director says damage forced several services to stop. Microsoft is redistributing traffic during an Outlook outage. Armenia has adopted a six-month whitefish roe export ban starting on 2 January 2027.

    Daily report · covering

    3 min47 sources

  • Illustration of Volodymyr Zelenskyy beside an open equipment case and solar panels in a patchy snow-covered field, with two aircraft overhead and the SpaceX logo above. SI illustration
    Technology

    Zelenskyy says Starshield limits hinder drone interceptions; SpaceX denies changes

    Zelenskyy says a 161 km/h limit on the speed at which a Starshield terminal can stay connected prevents Ukrainian interceptors from stopping some Russian drones in time; SpaceX denies any change. Authorities seized infrastructure used by three malware operations. A US regulator cleared construction of Dow and X-energy’s four-reactor project, which still awaits Dow’s decision to proceed.

    Daily report · covering

    4 min32 sources

  • A painted scene shows hands on two stacks of papers, with arrows pointing toward a folder marked with a red cross. An Armenian flag hangs behind the desk. SI illustration
    Science

    Civic.am says Armenia will use welfare funds to fill health-insurance gap

    Armenia has approved transferring 29.3 billion dram from welfare and debt-servicing budgets to health-insurance subsidies, Civic.am says. The draft does not explain how the welfare reductions will affect beneficiaries. Euclid’s first major dataset gives researchers more than 900 million galaxies to study. Hungary proposes making the fetal-vital-sign demonstration before abortion optional.

    Daily report · covering

    4 min25 sources

  • A painted film strip curls across a sunlit table beside stacks of papers, storyboard sketches, film reels and a camera. SI illustration
    Culture

    Afro Film Fund backers aim to finance about 35 African films over eight years

    EbonyLife Group and Logical African Partners have agreed on a $50 million film fund, with first payments planned for late in the first quarter or early in the second quarter of 2027. Yella Beezy received life imprisonment without parole following his conviction in MO3’s killing. South Korea’s ratings board approved an adults-only classification for GTA 6, clearing a hurdle before its planned release.

    Daily report · covering

    4 min20 sources

  • A Finnish flag flies beside a snow-covered ice rink at dusk. White figure skates and a dark duffel bag sit outside its glass doors. SI illustration
    Sports

    Finland says neutral status will not exempt Russian athletes from entry ban

    Finland’s restrictions take effect on 16 November 2026, leaving the International Skating Union to assess the impact on competitions in the country. Rob Hawkins has won a record third consecutive rugby league Golden Boot. Mirra Andreeva and Linda Noskova have secured WTA Finals semifinal places.

    Daily report · covering

    3 min48 sources

  • Painted portrait of a man in a navy suit with his arms crossed, with a Mississippi-shaped silhouette and the U.S. Capitol behind him. SI illustration
    Politics

    Colom’s Mississippi victory gives Democrats at least 55 Senate seats

    Scott Colom’s defeat of Republican incumbent Cindy Hyde-Smith flips Mississippi’s seat to Democrats, with certification scheduled for 3 December. Gaza’s health ministry says an Israeli strike killed at least six people at Nasser Hospital. Armenia approved funding to cover a health-insurance subsidy shortfall and plans lower welfare allocations.

    Daily report · covering

    4 min41 sources