A powerful magnitude 7.6 earthquake has shaken Japan, prompting tsunami warnings and orders for residents to evacuate. From a report: A tsunami as high as 3 metres (10ft) could hit the country's north-eastern coast after the earthquake occurred offshore at 11.15pm local time (2.15pm GMT), the Japan Meteorological Agency (JMA) said. Tsunami warnings were issued for the prefectures of Hokkaido, Aomori and Iwate, and tsunamis from 20-50cm (7-18in) high were observed at several ports, JMA said. The epicentre of the quake was 50 miles (80km) off the coast of Aomori prefecture, at a depth of 30 miles, the agency added. On Japan's one-to-seven scale of seismic intensity, the tremor registered as an "upper six" in Aomori prefecture -- a quake strong enough to make it impossible to keep standing or move without crawling. In such tremors, most heavy furniture can collapse and wall tiles and windowpanes are damaged in many buildings.

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An investigation has revealed how stablecoins -- cryptocurrencies pegged to the US dollar that exist largely beyond traditional financial oversight -- have become a practical tool for criminals and sanctioned individuals to move funds across borders almost instantly and convert them back into spendable money, often without detection. A Chainalysis report from February estimated that up to $25 billion in illicit transactions involved stablecoins last year. A New York Times reporter tested the system by converting $40 cash at a crypto ATM in Weehawken, New Jersey, into stablecoins and then using a Telegram bot to generate a Visa payment card without any identity verification. The card-issuing service, WantToPay, is incorporated in Hong Kong and led by a Russian entrepreneur in Thailand; it advertises to Russians blocked by US sanctions. Britain last month arrested members of a billion-dollar money laundering network that had purchased a bank in Kyrgyzstan to convert proceeds from drug trafficking and human trafficking into Tether, the most popular stablecoin. Further reading: China's Central Bank Flags Money Laundering and Fraud Concerns With Stablecoins.

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Tech giants including Meta, Alphabet, Microsoft and Amazon have all extended the estimated useful lives of their servers and AI equipment over the past five years, sparking a debate among investors about whether these accounting changes are artificially inflating profits. Meta this year increased its depreciation timeline for most servers and network assets to 5.5 years, up from four to five years previously and as little as three years in 2020. The company said the change reduced its depreciation expense by $2.3 billion for the first nine months of 2025. Alphabet and Microsoft now use six-year periods, up from three in 2020. Amazon extended to six years by 2024 but cut back to five years this year for some servers and networking equipment. Michael Burry, the investor portrayed in "The Big Short," called extending useful lives "one of the more common frauds of the modern era" in an article last month. Meta's total depreciation expense for the nine-month period was almost $13 billion against pretax profit exceeding $60 billion.

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Paramount Skydance is launching a hostile bid to buy Warner Bros. Discovery after it lost out to Netflix in a months-long bidding war for the legacy assets, the company said Monday. CNBC: Paramount will go straight to WBD shareholders with an all-cash, $30-per-share offer. That's the same bid WBD rejected last week, according to people familiar with the bid who asked not to be named because the details were private. The offer is backstopped with equity financing from the Ellison family and the private-equity firm RedBird Capital and $54 billion of debt commitments from Bank of America, Citi and Apollo Global Management. "We're really here to finish what we started," Ellison told CNBC's "Squawk on the Street" Monday. "We put the company in play." On Friday, Netflix announced a deal to acquire WBD's studio and streaming assets for $72 billion. David Ellison-run Paramount had been bidding for the entirety of Warner Bros. Discovery, including those assets and the company's TV networks like CNN and TNT Sports.

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Amazon used its annual re:Invent cloud conference in Las Vegas to pitch a vision of the workplace where AI agents serve not as tools but as "co-workers" and "teammates," even as the company proceeds with eliminating roughly 14,000 corporate jobs in its second major workforce reduction in recent years. AWS CEO Matt Garman predicted on stage that autonomous "frontier agents" could represent 80 to 90% of enterprise AI value. Colleen Aubrey, senior vice president of applied AI solutions, described a future where companies manage "teams" of agents capable of working autonomously for hours or days while humans shift into supervisory roles. Amazon has already deployed agentic systems across tens of thousands of its own engineers to triage outages and propose fixes. The company calls these systems "teammates" rather than tools. CEO Andy Jassy has warned that AI would shrink Amazon's workforce, though a spokesperson attributed the current cuts to "reducing bureaucracy" and "removing layers" rather than AI deployment.

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New York has become the first state in the nation to enact a law requiring retailers to disclose when AI and personal data are being used to set individualized prices [non-paywalled source] -- a measure that lawyers say will make algorithmic pricing "the next big battleground in A.I. regulation." The law, enacted through the state budget, requires online retailers using personalized pricing to post a specific notice: "THIS PRICE WAS SET BY AN ALGORITHM USING YOUR PERSONAL DATA." The National Retail Federation sued to block enforcement on First Amendment grounds, arguing the required disclosure was "misleading and ominous," but federal judge Jed S. Rakoff allowed the law to proceed last month. Uber has started displaying the notice to New York users. Spokesman Ryan Thornton called the law "poorly drafted and ambiguous" but maintained the company only considers geographic factors and demand in setting prices. At least 10 states have bills pending that would require similar disclosures or ban personalized pricing outright. California and federal lawmakers are considering complete bans.

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Singapore's Ministry of Education has announced that secondary school students will be banned from using smartphones and smartwatches throughout the entire school day starting January 2026, extending current restrictions beyond regular lesson time to cover recess, co-curricular activities, and supplementary lessons. Under the new guidelines, students must store their phones in designated areas like lockers or keep them in their school bags. Smartwatches also fall under the ban because they enable messaging and social media access, which the ministry says can lead to distractions and reduced peer interaction. Schools may allow exceptions where necessary. Some secondary schools adopted these tighter rules after they were announced for primary schools in January 2025, and the ministry reports improved student well-being and more physical interaction during breaks at those schools. The ministry is also moving the default sleep time for school-issued personal learning devices from 11pm to 10.30pm starting January.

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Microsoft has acknowledged that a recent Windows preview update, KB5064081, contains a bug that renders the password icon invisible on the lock screen, leaving users to click on what appears to be empty space to enter their credentials. The issue affects Windows Insider channel users who installed the non-security preview update. The company's suggested workaround is straightforward if somewhat absurd: click where the button should be, and the password field will appear. Microsoft said it is working to resolve the issue.

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The Santa Monica City Council has unanimously voted to order Waymo to halt overnight charging operations at two outdoor depots near Broadway and 14th Street after months of resident complaints about constant beeping from reverse sensors, noise from charging equipment, traffic congestion and flashing lights between 11 p.m. and 6 a.m. As many as 56 autonomous vehicles charge at the two sites. It's unclear whether Waymo or its Virginia-based charging operator Volterra intends to comply. The Los Angeles Times reported that neither company planned to, claiming city officials misunderstood their existing permit rights. Waymo told the newspaper it had adjusted operations in response to neighbor feedback and would continue seeking community input, though the company did not address the order directly. Local law enforcement has gotten involved after at least one person attempted to disrupt operations at the facilities on several occasions. The dispute points to a broader challenge facing the autonomous vehicle industry: charging depots need to be close to service areas to minimize deadhead miles (distance traveled without revenue-generating passengers), but situating them in residential neighborhoods creates exactly these kinds of conflicts.

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An anonymous reader writes: Netflix has removed the ability to cast shows and movies from phones to TVs, unless subscribers are using older casting devices. An updated help page on Netflix's website, first reported by Android Authority, says that the streaming service "no longer supports casting shows from a mobile device to most TVs and TV-streaming devices," and instead directs users to navigate Netflix using the remote that came with their TV hardware.

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The skills that future graduates will most need in an age of automation -- creative thinking, critical analysis, the capacity to learn new things -- are precisely those that a growing body of research suggests may be eroded by inserting AI into the educational process, yet universities across the United States are now racing to embed the technology into every dimension of their curricula. Ohio State University announced this summer that it would integrate AI education into every undergraduate program, and the University of Florida and the University of Michigan are rolling out similar initiatives. An MIT study offers reason for caution: researchers divided subjects into three groups and had them write essays over several months using ChatGPT, Google Search, or no technology at all. The ChatGPT group produced vague, poorly reasoned work, showed the lowest levels of brain activity on EEG, and increasingly relied on cutting and pasting from other sources. The authors concluded that LLM users "consistently underperformed at neural, linguistic, and behavioral levels" over the four-month period. Justin Reich, director of MIT's Teaching Systems Lab, recently wrote in The Chronicle of Higher Education that rushed educational efforts to incorporate new technology have "failed regularly, and sometimes catastrophically."

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Major consulting firms including McKinsey, Boston Consulting Group and Bain have frozen starting salaries for the third consecutive year as AI reshapes how these companies think about their traditional reliance on large cohorts of junior analysts. Job offers for 2026 show undergraduate packages holding steady at $135,000-$140,000 and MBA packages at $270,000-$285,000, according to Management Consulted. The Big Four -- Deloitte, EY, KPMG, and PwC -- haven't raised starting pay since 2022. The industry's classic "pyramid" structure, built on thousands of entry-level employees who crunch data and assemble PowerPoint decks, faces pressure as AI automates much of that work. Two senior executives at Big Four firms estimated that UK graduate recruitment would fall by about half in the coming year. PwC has already cut graduate hiring in 2025 and said in October it would miss a target to add 100,000 employees globally by 2026 -- a goal set five years ago before generative AI's rollout.

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The British government said it opposes attempts to cool the planet by spraying millions of tons of dust into the atmosphere -- but did not close the door to a debate on regulating the technology. From a report: The comments in parliament Thursday came after a POLITICO investigation revealed an Israeli-U.S. company Stardust Solutions aimed to be capable of deploying solar radiation modification, as the technology is called, inside this decade. "We're not in favor of solar radiation modification given the uncertainty around the potential risks it poses to the climate and environment," Leader of the House of Commons Alan Campbell said on behalf of the government.

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An anonymous reader shares a report: India's telecoms ministry has privately asked all smartphone makers to preload all new devices with a state-owned cyber security app, a government order showed, a move set to spark a tussle with Apple, which typically dislikes such directives. [...] The November 28 order, seen by Reuters, gives major smartphone companies 90 days to ensure that the government's Sanchar Saathi app is pre-installed on new mobile phones, with a provision that users cannot disable it. [...] In the order, the government said the app was essential to combat "serious endangerment" of telecom cyber security from duplicate or spoofed IMEI numbers, which enable scams and network misuse.

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Airbus said Monday that the vast majority of around 6,000 A320-family jets affected by an emergency software recall have now been modified, leaving fewer than 100 aircraft still requiring work after a frantic weekend of repairs prompted by the discovery of a vulnerability to solar flares. The unprecedented recall -- described as the broadest emergency action in the company's history -- came after a mid-air incident on a JetBlue A320 revealed a possible link between a drop in altitude and a space-related computer bug. The fix involved reverting to an earlier version of software that controls nose angle, uploaded via cable from a portable device called a data loader. Some older A320 jets will need entirely new computers rather than a simple software reset, raising questions about how long those aircraft will remain grounded amid global chip shortages. Reuters separately reported on Monday that Airbus had discovered an industrial quality issue affecting metal panels of a "limited" number of A320-family aircraft. The company told the publication that it had "identified" and "contained" the source of the issue and that "all newly produced panels conform to all requirements."

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China's central bank has flagged stablecoins as a specific concern in its latest push against virtual currencies, warning that the tokens fail to meet requirements for customer identification and anti-money-laundering controls and risk being used for fraud, money laundering, and unauthorized cross-border fund transfers. The People's Bank of China released a statement Saturday following a Friday meeting on virtual currency regulation, saying crypto speculation has recently increased due to various factors and now presents new challenges for risk control. Virtual currencies do not hold the same legal status as fiat currency and cannot be used as legal tender, the bank said, adding that all virtual currency-related business activities are "illegal financial activities." China banned cryptocurrency trading in 2021. The bank said it will intensify efforts to combat illegal financial activities to maintain economic and financial stability. In October, PBOC Governor Pan Gongsheng said the central bank would closely track and evaluate the development of overseas stablecoins.

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Pat Gelsinger, the former Intel CEO who was pushed out in late 2024 during a five-year turnaround effort, told the Financial Times that the "decay" he found when he returned to the company in 2021 was "deeper and harder than I'd realized." In the five years before his return, "not a single product was delivered on schedule," he said. "Basic disciplines" had been lost. "It's like, wow, we don't know how to engineer anymore!" Gelsinger was also unsparing about the Biden administration's implementation of the 2022 Chips Act, legislation he spent more time lobbying for than any other CEO. "Two and a half years later [and] no money is dispensed? I thought it was hideous!" There's what Gelsinger carefully calls "a touch of irony" in how things played out. Intel's board forced him out four years into a five-year plan, then picked successor Lip-Bu Tan -- who Gelsinger says is following the same broad strategy. Tan has kept Intel in the manufacturing game and delivered the 18A process node within the five years Gelsinger originally promised. Asked what went wrong, Gelsinger conceded he was "very focused on managing 'down'" and should have managed "up" more. He also would have pushed harder for more semiconductor expertise on the board, he said.

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OpenAI's data centre partners are on course to amass almost $100 billion in borrowing tied to the lossmaking start-up, as the ChatGPT maker benefits from a debt-fuelled spending spree without taking on financial risks itself. Financial Times: SoftBank, Oracle and CoreWeave have borrowed at least $30 billion to invest in the start-up or help build its data centres, according to FT analysis. Investment group Blue Owl Capital and computing infrastructure companies such as Crusoe also rely on deals with OpenAI to service about $28 billion in loans. A group of banks is in talks to lend another $38 billion for Oracle and data centre builder Vantage to fund further sites for OpenAI, according to people familiar with the matter. The deal is expected to be finalised in the coming weeks. OpenAI executives have said they plan to raise substantial debt to help pay for these contracts, but so far the financial burden has fallen to its counterparties and their lenders. "That's been kind of the strategy," said a senior OpenAI executive. "How does [OpenAI] leverage other people's balance sheets?"

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The investigation into the June 12 Air India crash that killed 260 people has been marked by tension, suspicion and poor communication between American and Indian officials, including an episode where NTSB chairwoman Jennifer Homendy instructed her black-box specialists not to board a late-night Indian military flight to a remote facility, WSJ reports. When two American recorder experts landed in New Delhi in late June, they received urgent messages from colleagues telling them not to go with the Indians; Homendy had grown concerned about sending U.S. personnel and equipment to an aerospace lab in the remote town of Korwa amid State Department security warnings about terrorism in the region. She made calls to Transportation Secretary Sean Duffy and the CEOs of Boeing and GE Aerospace, and the State Department sent embassy officials to intercept the NTSB specialists at the airport. Homendy eventually delivered an ultimatum: if Indian authorities didn't choose between their Delhi facility and the NTSB's Washington lab within 48 hours, she would withdraw American support from the probe. Indian officials relented. The downloaded data showed someone in the cockpit moved switches that cut off the engines' fuel supply, and India's preliminary report stated one pilot asked the other why he moved the switches while that pilot denied doing so. American government and industry officials now privately believe the captain likely moved the switches deliberately.

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Black fungus found growing inside Chernobyl's destroyed reactor may be feeding on radiation, and researchers have tested samples of the same species aboard the International Space Station to explore whether it could eventually shield astronauts from cosmic rays. Ukrainian scientist Nelli Zhdanova first discovered the melanin-rich mould colonizing the walls and ceilings of the exploded reactor building during a May 1997 survey. Her research indicated that the fungal hyphae were actually growing toward sources of ionizing radiation rather than merely tolerating it. In 2007, nuclear scientist Ekaterina Dadachova at the Albert Einstein College of Medicine found that melanised fungi grew 10% faster when exposed to radioactive caesium compared to control samples, leading her to propose "radiosynthesis" -- a process where organisms convert radiation into metabolic energy. The same strain, Cladosporium sphaerospermum, traveled to the ISS in December 2018 and grew an average of 1.21 times faster over 26 days compared to Earth-based controls. Nils Averesch, a biochemist at the University of Florida and co-author of that study, remains cautious about attributing the growth boost to radiation harvesting since zero gravity could also be responsible.

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