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11/12
18:16
The UK’s Financial Conduct Authority (FCA) is consulting on a proposed adjustment to pension charges: it plans to exclude certain performance-linked fees within its regulated workplace pension default funds from the charge cap, providing greater flexibility for investments in private equity, venture capital, and private credit. The FCA emphasized that any fee increases must be supported by demonstrable added value, and it intends to introduce accompanying safeguards including transparency, fair fee allocation among savers, and reviews of private asset valuations. The exemption will be an optional arrangement rather than mandatory. The consultation runs until January 14, 2027, and the FCA currently expects to formulate final rules in the summer of 2027 after considering feedback; this proposal does not yet constitute enacted rules.
18:16
Citing a statement from the UK Foreign Office reported by Al Jazeera, the British Prime Minister and the Emir of Qatar held a phone call on the morning of November 12, thanking Qatar for its support in de-escalating the situation in the Middle East. Both sides agreed to work closely with the United States and regional partners to pursue a diplomatic solution and push for the reopening of the Strait of Hormuz. This represents the diplomatic efforts mentioned in the statement; no announcement has been made regarding the strait actually reopening.
18:13
Al Jazeera analysis points out that, driven by Iran's strikes and threats in the Iran-U.S. conflict, British and U.S. military bases in the Gulf region—long serving as platforms for U.S. power projection abroad and security guarantees for allies—are facing the risk of turning into a "strategic liability" for the first time. This has prompted European and Gulf allies to reassess the security risks of hosting U.S. military bases.
18:08
The U.S. CFTC has approved tZERO Exchange, advancing the $350 million SPAC transaction. This November 10 determination follows the October clearinghouse registration, meeting the earn-out targets, though merger closing conditions still remain.
18:02
UK maritime security company Ambrey reported that a commercial vessel was struck by an unknown projectile on Wednesday, 14 nautical miles northwest of Ras Al Khaimah, UAE, as it was exiting the Strait of Hormuz. The attack caused damage to the vessel's stern and sparked a fire in the engine room. Currently, no casualties or pollution have been reported.
18:02
BofA Global Research stated that strong foreign capital inflows into the Indian stock market are likely to continue, driven by improving corporate earnings, more attractive valuations, and light positioning.
17:47
Russia has intensified its attacks on Ukraine's agricultural processing facilities, further straining the country's war-battered economy and global food supplies.
17:46
According to Al Jazeera, as of 07:32 GMT on November 12 (15:32 Beijing time), Brent crude futures rose 45 cents, or 0.49%, to $93.21 a barrel, while U.S. WTI crude futures gained 27 cents, or 0.31%, to $86.80 a barrel. Both contracts had fallen by more than $1 earlier in Asian trading. The report suggested that ongoing geopolitical tensions in the Middle East offset the impact of increased regional crude production. The above figures reflect the intraday market conditions at the time cited in the report.
17:42
StakeWise founder Dmitri has called for a separate vote by Aave on the osETH freezing proposal, challenging a previous proposal by risk advisor LlamaRisk to shut down new borrowing and supply of osETH on the Aave V3 Core market. LlamaRisk's analysis shows that osETH collateral stands at $279.4 million, backing approximately $256.6 million in WETH debt.
17:28
An Israeli drone exploded over Kfar Kila, southern Lebanon, with no casualties reported so far.
17:20
Korean restaurant franchise brand Damga was recognized at the 2026 Korea SMEs Innovation Awards for its business model, which combines premium aged meats with competitive pricing and efficient operations.
17:15
According to CNBC, Ukrainian defense tech company UFORCE has completed a $700 million Series A funding round at a valuation of $6 billion, co-led by Valor Equity Partners and the UK National Wealth Fund. The company plans to use the new funds to expand manufacturing scale in Ukraine and allied nations. The report also noted that UFORCE previously raised $50 million in March at a valuation of approximately $1 billion; the funding amount and company valuation in this round are based on different calculation metrics.
17:11
During the United Nations Climate Change Conference held in Turkey, Iranian President Masoud Pezeshkian met with Nechirvan Barzani, the top leader of the Kurdish region in northern Iraq. According to Iranian state television, the two sides exchanged views on regional and international issues during the meeting, and emphasized the importance of diplomacy, constructive dialogue, and multilateral cooperation in addressing shared global challenges.
17:04
Blackstone and PIMCO are targeting billions of dollars in infrastructure investment opportunities in the Gulf region, as governments open up more infrastructure projects to outside investors and some of the world's largest investment firms seek to deploy more capital in the Middle East.
17:01
According to Nikkei Asia, Baidu founder Robin Li stated in Beijing on November 12 that the commercial application of artificial intelligence is "just getting started," while calling for a greater adoption of AI agents. The report also noted market concerns regarding the growth of token budgets and the impact of the technology on employment.
17:01
According to a live market report summary by The Wall Street Journal on November 12, Nasdaq futures fell 1% and Asian stock indices traded lower. The report's headline stated that NVIDIA's share price dropped due to a leadership crisis; the aforementioned market movements reflect the conditions described in the report at that time.

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