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Markets turn risk-off as Russia escalates Kyiv strikes heading into winter, adding to Japan policy shift uncertainty.

  1. Saudi Airport Attack Kills 12; US Considers Action Against Houthis and Iran · 2 sources
  2. Russia escalates Kyiv strikes as winter approaches, testing civilian resilience
  3. ICC adviser says Trump sanctions won't break court if key backers remain steadfast
  4. Indexed Annuities Power Private Credit Growth with Guaranteed Returns
  5. Japan PM Takaichi moves away from reflationist policy to reassure markets, US

Markets 4

  • Indexed annuities guarantee no market losses for investors.
  • Insurers can periodically adjust the formula used to calculate returns for indexed annuities.
  • These products have contributed to the ascent of private credit.

Central Banks 1

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  • Takaichi states reflationary policies not necessary at current phase
  • Policy shift aimed at reassuring markets and Trump administration
  • Dovish BOJ board members reportedly criticized by Trump administration

Geopolitics 6

  • Twelve people were killed and 309 injured in an attack on Riyadh’s King Khalid airport; a drone was destroyed by Saudi-led coalition forces.
  • US President Donald Trump stated he would consider joining Saudi Arabia in striking Houthis and restarting strikes on Iran.
  • US Secretary of State Marco Rubio confirmed an American casualty in the conflict.
  • Explosion reported in Kyiv at 9:30 a.m. with black smoke rising
  • Moscow stepping up strikes aimed at destroying urban life
  • Battlefield gains stalling as attacks intensify
  • Claus Kress says destruction attempts will fail if supporters hold firm
  • Calls for unity among major countries including Japan
  • Trump administration imposed sanctions on ICC
  • Pro-Palestinian demonstrations took place globally to mark one year since the Gaza 'ceasefire'.
  • Protests were held in cities including New York, London, Berlin, Athens, and Dublin.
  • Royal succession dispute in Negeri Sembilan between Tuanku Muhriz Tuanku Munawir and Tunku Nadzaruddin
  • Dispute has caused collapse of state government
  • Observers warn crisis could have ripple effects nationwide, testing Malaysia's constitutional monarchy

Tech/AI 2

  • Hangzhou's latest technology investments, dubbed the 'New Eight Steeds,' are in deep-tech fields.
  • These fields include smart glasses, inference GPUs, compute-in-memory chips, and space computing.
  • The current tech bets are not generating the same viral social media attention as previous AI developments.
  • Edgewing plans design center opening early next year
  • CEO Marco Zoff says governments keen to keep project on schedule
  • Joint venture developing next-generation fighter jet

Companies 9

  • Sprix developing learning management system for Egyptian public schools
  • Providing math/science textbooks to Egyptian elementary and high schools
  • Growing overseas demand for Japanese education models
  • Chinese companies caught up in greenhouse construction technology
  • Dutch suppliers pivoting to software and system integration
  • Growing Chinese demand for controlled-environment produce
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  • Toyota offers financing allowing buyers to exclude residual value from payments
  • Aims to make vehicles more affordable against cheap Chinese EV competitors
  • Japanese automakers losing market share in Thailand to Chinese brands
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  • French defense contractor Thales establishing base in Japan
  • Will handle maintenance and operational support of defense equipment
  • Partner Japan Steel Works will produce mortars starting next year
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  • Workday director David Duffield sold $18.5 million worth of shares.
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  • Sunrun CAO Maria Barak sold $13,753 in company stock.
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  • Sunrun CFO Danny Abajian sold $129,931 worth of company shares.
  • Onemednet CFO Robert Golden sold $55,290 worth of company stock.

Thai Markets 1

Other 4

  • Hong Kong Bar Association suggests capping proxies at homeowners' meetings to deter abuse in maintenance procurement.
  • The association advocates for improved transparency and an electronic voting system.
  • Chairman Jose-Antonio Maurellet expressed reservations about a government proposal to restrict owner representatives to relatives.
  • University of Tokyo professor argues students must learn to think independently
  • Advocates for traditional paper textbooks over digital alternatives
  • Cites brain science research on language learning
  • The 'Naruto' anime series will release its first new season in nine years.
  • The new series is part of a broader effort to revive the popular franchise worldwide.
  • Creators of the 'Naruto' and 'Ninku' manga series will supervise the project.
  • Lehman Brothers torn by internal divisions and personal ambition
  • Conflict extended across rival divisions, driven by power and resentment
  • Commercial paper business spiraled out of control leading to collapse