Monday 9 November 2026
Written automatically each morning by Claude from 10 news feeds, and published without editing.
Ministers are expected to make steep cuts to the EV mandate this week. Louise Haigh will finalise the plan after a crunch meeting in Downing Street on Wednesday, settling a long-running row between the transport, energy and business departments. The current rules phase out new petrol and diesel cars by 2030 and require all new cars to be zero emission by 2035. Carmakers will be relieved. Plenty of Labour MPs are not, and they are worried about what it says about the government’s green commitments.
On the jobs market, October brought an end to the run of better news. Permanent placements fell at the second-fastest pace this year as employers pulled back on hiring. Vacancies kept falling, though the decline eased. Alan Milburn’s report on young people and work is also due any day. The UK has an estimated 981,000 Neets, and the annual cost has been put at £125bn.
On Europe, Burnham is pushing for closer ties with Brussels, but the cabinet is not entirely uniform on it. Lisa Nandy told the BBC there would be “trade-offs” from boosting trade with the EU.
In China, producer prices have hit a four-year high, driven by the energy crisis pushing up costs. Domestic demand is still weak, so firms are absorbing higher input costs without much ability to pass them on.
In the US, Trump has responded to the Republicans’ midterm rout by saying his deportation policy was “too tough”. He told 60 Minutes he was open to a deal with Democrats that would let some undocumented immigrants stay. Democrats gained more than 500 state legislative seats, with the count still going, and flipped at least 12 chambers. For anyone positioning around US policy, the assumption of unchecked executive action looks weaker than it did a week ago.
The same result has a tech angle. Analysts quoted by the FT say it gives China a “window to catch up” on AI if newly elected Democrats take a tougher line on US data centre construction, and that exporters could feel the impact.
The bigger single-stock story is Nvidia. The board has opened an investigation into Jensen Huang over his relationship with a suspected Chinese spy. In a memo to staff he confirmed an extramarital affair. Yale’s Jeffrey Sonnenfeld puts the odds of Huang staying on as CEO at “about a 50-50”. Governance risk at the company at the centre of the AI trade is not something most portfolios are priced for.
Sources
- Is Jensen Huang’s job on the line? Yale’s Jeffrey Sonnenfeld estimates it’s “about a 50-50” — TechCrunch
- China’s producer prices hit four-year high — FT
- Democrat triumph offers China ‘window to catch up’ on AI — FT
- Government’s EV targets expected to be reduced this week — BBC News
- City chairman: Burnham is right to pursue closer ties with the EU — City AM
- Trump tells 60 Minutes that deportation policy was ‘too tough’ — Guardian
- Nvidia’s Huang admits to affair after allegations of relationship with Chinese spy — FT
- Hiring rate declines in October in ‘end to positive news for jobs’ — City AM
- Nvidia will investigate CEO Jensen Huang’s relationship with possible Chinese spy — TechCrunch
- Labour expected to cut EV targets for UK’s car industry despite MPs’ protests — Guardian
- Democratic thrashing redraws the map of state power — Politico
- ‘I just got AI emails rejecting my application – or no reply at all’: this is the soul-crushing reality of being a Neet | John Harris — Guardian
- Nandy flags downsides of closer EU relations — City AM
TechCrunch, FT, BBC News, City AM, Guardian, Politico — 2026-11-09