Europe
BBC Business

You may get the right to find out what your colleagues earn - here's why

Image source, Getty ImagesByTom EspinerBusiness reporterPublished1 hour agoEmployees should legally be able to find out what their colleagues are earning, the UK's equality watchdog has said. Bosses should be required to respond to questionaires about colleagues' pay to cut pay discrimination, the Equality and Human Rights Commission (EHRC) has proposed, external. In addition, employers should be prevented from asking about current salary when offering a job to stop a history of discrimination from carrying on, it said. Employers in the UK are currently allowed to ask you how much you get paid in your current role, but applicants are under no obligation to tell them. At present, employers do not have to respond to employee requests for salary information about colleagues. The EHRC urged lawmakers to make it compulsory for employers to provide information including colleagues' basic pay and hours worked, how employees' pay compares with each other, and information about bonuses, overtime, shift-premiums and performance-related pay, within a specific timeframe. The rights watchdog argued that this would help cut pay discrimination, especially against women. Women would also benefit from employers publishing salary details in job adverts, the EHRC has said previously, external. John Kirkpatrick, the EHRC chief executive, told the BBC that employers should not be able to ask about salary history when setting pay. "When they do, what tends to happen is that can embed a history of disadvantage or discrimination in future salaries," he said. While employers should be able to offer a competitive salary, this should not "create a pattern that discriminates," he said. The Fawcett Society, which campaigns for women and gender equality, has previously said that asking the question risked maintaining historic unfair differences in pay due to gender, race and disability inequality.

You may get the right to find out what your colleagues earn - here's why
Asia-Pacific
Channel NewsAsia

Malaysia wants to move away from Waze. Will drivers make the switch?

Malaysia has banned the popular Israeli navigation app for civil servants and urged citizens not to use it. Motorists say they lack a viable homegrown alternative. A person uses the Waze navigation app on a mobile phone on Oct 28, 2026. The Malaysian government has reportedly banned civil servants from using the app over its alleged links to Israel. (Photo: CNA/Fadza Ishak) Rashvinjeet S Bedi 01 Nov 2026 06:00AM Bookmark Bookmark Share WhatsApp Telegram Facebook Twitter Email LinkedIn Set CNA as your preferred source on Google Add CNA as a trusted source to help Google better understand and surface our content in search results. Read a summary of this article on FAST. Get bite-sized news via a newcards interface. Give it a try. Click here to return to FAST Tap here to return to FAST FAST KUALA LUMPUR: Last week, Malaysian taxi driver Mohamed Aidil gave TuJu, the country’s homegrown highway navigation app, a try. He had heeded a call by Prime Minister Anwar Ibrahim for citizens not to use the popular community-driven navigation app Waze, citing data security risks and its compliance with Israeli data laws. Less than 24 hours later, however, Aidil, 38, had uninstalled TuJu and reverted to Waze. “Many destinations were missing while some directions seemed (to be) not making sense," Aidil said about TuJu, which was developed by the Malaysian Highway Authority. Aidil is not the only motorist finding it difficult to part ways with Waze, the app used by millions in Malaysia even amid renewed scrutiny over its ties to Israel. E-hailing driver P. Vishovartan relies on ride-hailing app Grab’s built-in navigation map while ferrying passengers, but defaults to Waze for his personal driving, especially when he goes back to his hometown of Penang. "Waze is the most accurate when it comes to estimated travel times and toll costs," said Vishovartan. It is also the best at finding alternative routes in the event of heavy traffic, he said. While Vishovartan strongly condemns Israel’s military actions in Gaza and other places, he admitted it is difficult to stop using Waze at the moment because of its real-time incident and accident updates. Malaysia on Oct 20 banned its civil servants from using Waze, citing concerns over sensitive government information and personal data. The directive covers both their official working hours and personal time. “Sensitive government information and the personal data of citizens must be protected from exploitation by the Israeli regime in ways that could undermine national security and sovereignty,” said a Prime Minister’s Office statement on Oct 21.

Malaysia wants to move away from Waze. Will drivers make the switch?
Asia-Pacific
Channel NewsAsia

India opposition parties hold mock impeachment of poll chief

Cutouts of Congress leaders put up outside Ramlila Maidan ahead of the "Save Democracy" march to be led by the Indian opposition leader Rahul Gandhi, amid calls for Chief Election Commissioner Gyanesh Kumar to resign, in New Delhi on Oct 31, 2026. (Photo: REUTERS/Anushree Fadnavis) NEW DELHI: India's political opposition staged a symbolic impeachment of the election commissioner on Saturday (Oct 31) to protest against a revision of voter lists that they say could unfairly benefit the ruling party. The nationwide revision of electoral rolls has sparked political disputes and street protests in the world's largest democracy over the last month. The Election Commission says the initiative is necessary to ensure accurate voter lists, but the opposition claims it is being manipulated to favour Prime Minister Narendra Modi's Bharatiya Janata Party (BJP). CNA Games Guess Word Crack the word, one row at a time Buzzword Create words using the given letters Mini Sudoku Tiny puzzle, mighty brain teaser Mini Crossword Small grid, big challenge Word Search Spot as many words as you can Show More Show Less On Saturday, opposition parties gathered at the residence of Congress president Mallikarjun Kharge in the capital New Delhi, re-enacting a parliamentary session. They held mock impeachment proceedings, which have no constitutional or legal force, against Chief Election Commissioner Gyanesh Kumar. "The motion we have brought forward today is aimed at safeguarding the dignity of a constitutional institution," Kharge said. "Our intention is for the Election Commission to function impartially, in line with the spirit of the constitution." Under the constitution, the chief election commissioner can only be removed through a parliamentary process requiring a special majority. Senior Congress leader Rahul Gandhi said the opposition had resorted to the symbolic exercise as they "have nowhere else to go". "We have no other option. Every single institution... is closed for us," Gandhi said. The event came a day before a major opposition rally in Delhi backed by the Cockroach Janta Party, an online youth-led movement that also supports the campaign against the voter-roll revision.

India opposition parties hold mock impeachment of poll chief
Europe
The Guardian

Anthropic files for potentially record-breaking stock market valuation in key test for AI industry

Dario Amodei, the CEO of Anthropic, in Bengaluru, India, on 16 February 2026. Photograph: Priyanshu Singh/ReutersView image in fullscreenDario Amodei, the CEO of Anthropic, in Bengaluru, India, on 16 February 2026. Photograph: Priyanshu Singh/ReutersAnthropicAnthropic files for potentially record-breaking stock market valuation in key test for AI industryMarket debut of firm behind Claude chatbot will be one of largest in US history, a test of AI boom’s financial viability Anthropic has publicly filed for a stock market listing in what is slated to be one of the largest debuts in history. The company’s float on the US market will serve as a test of the financial viability of the multitrillion-dollar AI boom. Analysts and investors have valued the San Francisco-based company, founded in 2021, at more than $1.5tn. The company, which will will list under the symbol ANT, confidentially filed with US financial regulators for an initial public offering in June. “We believe AI is one of the most consequential technologies in human history,” the company’s investor prospectus reads. Anthropic researchers and executives have trumpeted the transformative power of AI while simultaneously warning of its potential to cause human extinction. A leader in the race to create powerful artificial intelligence models and a bellwether of the American AI boom, Anthropic’s chatbot Claude is its flagship product, which offers text generation features as well as advanced coding and cybersecurity capabilities. CEO Dario Amodei founded the company after quitting OpenAI, the maker of ChatGPT. Anthropic’s audited filings will offer the first public glimpse of its financial health, which have been the object of intense speculation in recent months as questions of a potential AI bubble swirl. The company detailed rapidly rising revenue in the prospectus: $41m in 2023, $386m in 2024, $4.585bn in 2025 (an increase of more than 1,000%), then $16.286bn in the first six months of 2026 alone. The company disclosed that, as of the end of June, it had raised $141.1bn. Despite the increasing revenue, Anthropic disclosed a net loss of $80bn for the first half of 2026. Anthropic has focused on businesses as its primary paying customers, unlike OpenAI, which has courted everyday consumers for ChatGPT. As of 30 September, Anthropic said it had more than 14,000 enterprise customers – 11,900 of which had $100,000 or more of revenue, more than 1,900 that had $1m or more revenue and about 250 enterprise customers that had $10m or more revenue. “The speed and depth of our enterprise customer adoption are powerful evidence of Claude’s position at the frontier of AI,” Anthropic executives wrote. The filing contains some of the hyperbolic language characteristic of AI companies predicting the miraculous potential of their technology. Describing the potential of AI agents, semi-autonomous chatbots that can carry out tasks on behalf of users, Anthropic executives wrote: “The result is something without historical precedent: what we refer to as a country of geniuses in a datacenter, available to every organization and sector of the economy.” Investing in Anthropic and the development of a model that the company claims could revolutionize knowledge work across industries comes with a great deal of risk. Anthropic listed more than 90 pages of potential to its business. For one, a “substantial portion” of the company’s revenue comes from a limited number of customers, and losing any of them could put a huge dent in their revenue. A quarter of Anthropic’s revenue comes from its top five customers, though no single customer represents more than 10% of its business.

Anthropic files for potentially record-breaking stock market valuation in key test for AI industry
Asia-Pacific
The Straits Times

Expensive but worth it: Exhausted by the digital world, I turn to grandma hobbies

The writer has turned to analogue activities such as letter writing, scrapbooking, and film and polaroid photography. Sign up for ST InvestMe to find out how you can plan for your dream life in the next financial literacy course on Nov 19. SINGAPORE – I once spent $70 just printing out photos that I then spent hours meticulously arranging on sheets of A4 paper. Yes, they already existed digitally in my phone and on Instagram, but I wanted to scrapbook them and have some tangible memories of my year abroad.

Expensive but worth it: Exhausted by the digital world, I turn to grandma hobbies
Europe
The Guardian

Anthropic files for stock market IPO; Meta announces $95bn fundraising drive to pay for AI expansion – as it happened

Boom! Meta has just announced plans to raise up to $95bn to help pay for its massive AI ambitions. The company behind Facebook, Instagram and WhatsApp is kicking off a new fundraising drive to fund “its core business and emerging AI opportunities”. First, Meta plans to raise $35bn through new “underwritten public offerings” – a sale of company stock. This offering has some big name backers – Nvidia, AMD and Broadcom have all shown interest in taking part, Meta says. These ‘cornerstone investors’ could buy up to $5bn of the stock on offer. Second, Meta also plans to launch a $60bn “at-the-market offering” – in which it will sell new common stock to investors at the going market rate in future. The Silicon Valley giant says these plans will support “Meta’s continued investment in AI infrastructure and personal superintelligence”. AI is creating significant opportunities for Meta across its core business and new products and services. Meta’s AI investments are already generating tangible returns through increased engagement, improved advertising performance and increased monetization. Meta is also pursuing new opportunities across personal superintelligence, consumer and business agents, enterprise products, and AI glasses. The ‘at the market offering’ involves selling Meta’s new Class C Stock, which it announced last week it is creating. These Class C shares don’t have voting rights, so can be sold without diluting founder Mark Zuckerberg’s control of the company. Internal forecasts last week showed that Meta needs to raise “hundreds of billions of dollars” over several years to fund its AI plans.

Anthropic files for stock market IPO; Meta announces $95bn fundraising drive to pay for AI expansion – as it happened
North America
Yahoo Finance

Michael Burry Says S&P 500 Looks ‘Uncannily Close’ To 2000 — And ‘Busted’ Stocks Could Be The Winners

“The Big Short” investor Michael Burry drew comparisons between the current stock market and the dot-com era, calling the current market “uncannily close” to 2000, while adding that the S&P 500’s internal breadth looks unusually weak even as the index remains near record highs. In his latest Substack note, Burry analyzed stocks that have fallen sharply from their highs, asking whether the market’s biggest laggards could become the unexpected winners if today’s bull market eventually gives way to a bear market. Burry split the S&P 500 into three groups, namely, “Leaders,” “Broken stocks,” and “Busted stocks”. Burry defined “Leaders” as stocks which are within 10% of their 10-year highs. “Broken stocks” are those which are down 20%-40% from these highs, while “Busted stocks” are those which are down more than 40%. “The Big Short” investor noted that the current setup closely resembles the months surrounding the March 2000 market top. He highlighted that as of the Oct. 6 record high, 23% of S&P 500 stocks were already Busted, with the median Busted stock down 55% from its high. In 2000, 32% were Busted, with a median decline of 52%. However, Burry said the bigger warning comes from the leadership itself. Just 15 S&P 500 stocks closed at record highs on Oct. 6, while only 97 were within 10% of their highs, which is strikingly similar to the numbers during the March 2000 peak. More importantly, 58% of today's Leaders were already 5%-10% below their highs, which Burry describes as unusually “soft” leadership. “It is striking,” Burry added. He found that the Oct. 6 record was at or beyond the 95th percentile on all seven of his key market-top measures, which is a combination he says has appeared only during the final months leading into the 2000 peak. Burry examined what happened to beaten-down stocks after previous market tops, saying that the March 2000 peak was the standout. He highlighted that eighteen months after that top, Busted stocks gained 18% on a median basis, while Leaders plunged 50%. At 12 months, Busted stocks were up 19%, compared with a 33% decline for Leaders. Burry said that this makes the current cohort of deeply beaten-down stocks particularly interesting, while adding that simply being down 40% does not make a stock cheap.

Michael Burry Says S&P 500 Looks ‘Uncannily Close’ To 2000 — And ‘Busted’ Stocks Could Be The Winners
North America
CNBC Economy

Trump's approval rating on economy hits all-time low as midterm looms: CNBC survey

With less than two weeks to go before the congressional elections, Americans are nearly as gloomy about the economy as they were when the nation was emerging from the pandemic, and President Donald Trump's economic approval rating is hitting an all-time low, according to the latest CNBC All-America Economic Survey. Eight out of 10 Americans rate the economy as fair or poor, the highest number since December 2023 and one of several ominous signs for Republicans in the new polling data released Thursday that show why their candidates are facing an uphill battle in the midterm. Downbeat views on the economy are most intense among Democrats and independents, but there's been a strong move toward economic pessimism even among Republicans in recent months. Overall, 63% of the public is pessimistic about the current state of the economy and the outlook, up one percentage point from the July survey. But that percentage now includes 35% of Republicans, up six points from July and the highest level of Republican pessimism of either of Trump's two terms. "We got there not because of independents or Democrats getting more sour — it's because Republicans have," said Micah Roberts, partner at Public Opinion Strategies, the Republican pollster for the survey. "Since Trump has been president, [Republicans] have held on to a small margin saying that the current economy is either excellent or good. And now that has kind of broken and changed." The survey of 1,000 registered voters nationwide, with a margin of error of plus or minus 3.1%, found Americans preferring Democratic control of Congress by a 52% to 45% margin. The seven percentage point Democratic edge represents a three percentage point gain for Democrats from the July survey. The poll contained other foreboding signs for Republicans as well. It showed 72% of Democrats highly interested in the midterm election on Nov. 3, compared to just 62% of Republicans. Women are 10 percentage points more interested in the election than men, and they prefer Democratic control of Congress by 22 points. Independents prefer Democratic control by a wide 49% to 33% margin. And the majority of survey respondents said Democrats would do a better job than Republicans on many of the issues they singled out as their top concerns, including corruption and the cost of food and gas. In the eight states with competitive Senate races, respondents prefer Democratic congressional control by 4 percentage points. Trump carried those eight states by a combined 10 points in the 2024 presidential election. The survey shows "things moving either away from Republicans or toward Democrats, depending how you want to look at it, in a way that would make me very nervous if I was leading Republican campaigns leading into these last two weeks," said Jay Campbell, partner at Hart Associates, the Democratic pollster for the poll. Despite the economic gloom, Trump's overall approval rating has remained stable, though at just 40% approving and 59% disapproving. His current net approval of -19 percentage points compares with -8 a year ago. More striking is the sharp nine-point drop in the president's net economic approval rating from just the last survey in July. The president's economic approval dropped to 34% from 38% in three months and disapproval rose to 65% from 60%. The net -31 economic approval is the lowest of either of Trump's two terms. The 65% disapproval rating is one percentage point higher than former President Joe Biden's worst showing and the highest for any president surveyed by CNBC going back to President Barack Obama. Government corruption was identified as the top concern by 36% of respondents, and Democrats hold a 4-point lead on addressing the issue. On the cost of food and groceries, the second most important issue, the Democratic lead widened to +16 from +7 in the July survey. Democrats also topped Republicans on protecting democracy as well as dealing with the high price of gas. Among those most interested in the election are respondents who identify corruption and protecting democracy as top issues, and they prefer Democratic congressional control by wide margins.

Trump's approval rating on economy hits all-time low as midterm looms: CNBC survey
Asia-Pacific
Channel NewsAsia

US, South Korea, Japan vow 'complete' North Korea denuclearisation

They also pledged "full implementation" of UN Security Council resolutions, including a ban on supporting revenue for North Korea's nuclear and ballistic missile programmes. North Korean leader Kim Jong Un attends what state media report was a launch ceremony for a new tactical nuclear attack submarine in North Korea on Sep 8, 2023. (File photo: KCNA via Reuters) SEOUL: The United States, South Korea and Japan reaffirmed their commitment to the "complete denuclearisation" of North Korea on Saturday (Oct 31), as Pyongyang continues to reject disarmament ahead of possible talks with Washington. Speculation is mounting over a potential meeting between US President Donald Trump and North Korean leader Kim Jong Un at next month's APEC summit in China, with Trump making repeated overtures to Pyongyang for nuclear talks. US Secretary of State Marco Rubio, South Korean Foreign Minister Cho Hyun and his Japanese counterpart Toshimitsu Motegi "reaffirmed their resolute commitment to the complete denuclearisation" of North Korea during talks on Friday on the sidelines of a Group of 20 (G20) meeting in Atlanta in the US state of Georgia, the US State Department said. They also pledged "full implementation" of UN Security Council resolutions, including a ban on supporting revenue for North Korea's nuclear and ballistic missile programmes. CNA Games Guess Word Crack the word, one row at a time Buzzword Create words using the given letters Mini Sudoku Tiny puzzle, mighty brain teaser Mini Crossword Small grid, big challenge Word Search Spot as many words as you can Show More Show Less Despite long-running UN sanctions, North Korea, which is backed by Russia and China, has enshrined its status as a nuclear-armed state in law, with its regime repeatedly declaring its atomic arsenal permanent and irreversible. Trump has made repeated overtures to Pyongyang for nuclear talks, while scaling back joint military drills with ally South Korea. The mercurial US leader even bucked long-held US policy last year by conceding that North Korea was already "sort of a nuclear power", while reaching out to Pyongyang for talks, saying he was "100 percent" open to a meeting - a suggestion that went unanswered. Analysts and South Korea's spy agency say Kim may have conveyed Pyongyang's position on potential talks with Trump to Beijing during a recent visit to the Chinese border city of Dandong. South Korea's dovish President Lee Jae Myung - who has repeatedly offered Pyongyang talks without preconditions - suggested in September that Washington seek a freeze, rather than the immediate elimination, of the North's nuclear programme in return for sanctions relief. Critics have said such an approach risks tacitly accepting North Korea as a nuclear-armed state while allowing Pyongyang to win sanctions relief without giving up its arsenal.

US, South Korea, Japan vow 'complete' North Korea denuclearisation