The World in Brief from The Economist

American tech stocks suffered their worst week since April amid concerns over a possible AI bubble and weak economic data

American tech stocks suffered their worst week since April amid concerns over a possible AI bubble and weak economic data

The America’s Supreme Court is allowing the Trump administration not to fully fund food-assistance benefits.

Inter IKEA, which supplies the Swedish furniture franchise’s stores, suffered a 26% drop in annual operating profit

Inter IKEA, which supplies the Swedish furniture franchise’s stores, suffered a 26% drop in annual operating profit

China’s exports unexpectedly fell by 1.1% year on year in October, the first such contraction since February. Also, airlines in America began cancelling flights ahead of enforced schedule cuts.

Over 75% of Tesla’s shareholders voted to approve a mega pay packet for the firm’s boss, Elon Musk.

Nancy Pelosi will retire from Congress in 2027.

America will cut flights at 40 major airports from Friday in an effort to help alleviate shortages of air-traffic controllers caused by the longest government shutdown in America’s history. Also, the Philippines declared a state of emergency as Typhoon Kalmaegi killed at least 114 people.