- US, Nikkei stock futures, West Texas Crude futures affected
- Cooling issue at CyrusOne data centre in Chicago caused outage
- Traders flying blind without prices, expect market volatility
- Some FX trading resumes on EBS
World
Global futures reopen after exchange operator CME suffers multi-hour disruption
SINGAPORE/LONDON, Nov 28 (Reuters) – Global futures markets were disrupted for several hours on Friday after CME Group, the world’s largest exchange operator, suffered one of its longest outages in years, halting trading across stocks, bonds, commodities and currencies.
By 1335 GMT, trading in foreign exchange, stock and bond futures , , as well as other products had resumed, after having been knocked out for over 11 hours, according to LSEG data.
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CME blamed the outage on a cooling failure at data centres run by CyrusOne, which said its Chicago-area facility had affected services for customers including CME (CME.O).
The disruption stopped trading in major currency pairs on CME’s EBS platform, as well as benchmark futures for West Texas Intermediate crude , Nasdaq 100 , Nikkei , palm oil and gold , according to LSEG data.
‘A BLACK EYE’
Trading volumes have been thinned out this week by the U.S. Thanksgiving holiday and with dealers looking to close positions for the end of the month, the outage posed a risk of spurring volatility, market participants said.
“It’s a black eye to the CME and probably an overdue reminder of the importance of market structure and how interconnected all these are,” Ben Laidler, head of equity strategy at Bradesco BBI, said.
“We complacently take for granted much of the timing is frankly not great. It’s month end, a lot of things get rebalanced.”
Still, the timing of Friday’s outage, during a shortened U.S. equity trading session with thinner volumes, helped limit its market impact.
“If there was to be a glitch day, today’s probably a good day to have it,” Joe Saluzzi, co-manager of trading at Themis Trading in Chatham, New Jersey, said.
Futures are a mainstay of financial markets and are used by dealers, speculators and businesses wishing to hedge or hold positions in a wide range of underlying assets. Without these and other instruments, brokers were left flying blind and many were reluctant to trade contracts with no live prices for hours on end.
“Beyond the immediate risk of traders being unable to close positions – and the potential costs that follow – the incident raises broader concerns about reliability,” said Axel Rudolph, senior technical analyst at trading platform IG.
A few European brokerages said earlier in the day they had been unable to offer trading in some products on certain futures contracts.
“My anticipation is that life goes on but everybody will have yet another look at their data centre arrangements and invest more in ensuring reliable supply because the importance of data center uptime is higher and higher,” Mikhail Zverev, Portfolio Manager at Amati Global Investors in London.
Regulators are tracking the situation, with both the Commodity Futures Trading Commission and Securities and Exchange Commission confirming they are aware of the issue and conducting ongoing surveillance.
BIGGEST EXCHANGE OPERATOR
CME is the biggest exchange operator by market value and says it offers the widest range of benchmark products, spanning rates, equities, metals, energy, cryptocurrencies and agriculture.
Average daily derivatives volume was 26.3 million contracts in October, CME said earlier this month.
The CME outage on Friday comes more than a decade after the operator had to shut electronic trade for some agricultural contracts in April 2014 due to technical problems, which at the time sent traders back onto the floor.
More recently in 2024 outages at LSEG and Switzerland’s exchange operator briefly interrupted markets.
CME’s own shares were up 0.4% in premarket trading.
Reporting by Saqib Iqbal Ahmed and Laura Matthews in New York, Chris Prentice in Washington, Ankur Banerjee, Tom Westbrook, Rae Wee and Florence Tan in Singapore, Amanda Cooper, Lucy Raitano, Vidya Ranganathan and Alun John in London; Toby Sterling in Amsterdam and Pranav Kashyap in Bangalore; Editing by Alison Williams, Elaine Hardcastle and Alistair Bell
Our Standards: The Thomson Reuters Trust Principles.
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World
Shooting involving Border Patrol leaves 1 in critical condition near US-Mexico border
One person was shot and in critical condition Tuesday in a shooting involving the Border Patrol near the U.S.- Mexico border, authorities in Arizona said.
The Pima County Sheriff’s Department said the FBI had asked it to “lead the use-of-force investigation involving the agent.” It noted that such investigations are standard when a federal agency is involved in a shooting in the county.
“We ask the community to remain patient and understanding as this investigation moves forward,” the department said in a statement.
In response to an Associated Press request for details of the shooting, the FBI said it was “investigating an alleged assault on a federal officer” near Arivaca, Arizona, a community about 10 miles from the border.
An FBI spokesperson did not immediately respond to an email and telephone call asking about how the alleged assault was related to the shooting but said the agency would participate in a planned 4 p.m. MT press conference with the sheriff’s department on the shooting.
The Santa Rita Fire District said it responded to the shooting and the person who was wounded was in custody.
“Patient care was transferred to a local medical helicopter for rapid transport to a regional trauma center,” the fire district said.
One level-one trauma center hospital in Tucson declined to release information, and the AP was waiting on a response from another.
The area is a common path for drug smugglers and migrants who illegally cross the border, so agents regularly patrol there.
Authorities released no information about the suspect. The shooting comes in a month that has seen three shootings — two fatal — by immigration officers involved in the massive Department of Homeland Security enforcement operation in Minnesota.
While there were numerous videos of those shootings taken by residents monitoring the enforcement operations in the Minneapolis area, the latest shooting in Arizona happened in a community of about 500 people apparently without any bystander video of the incident.
The sheriff department said its involvement in the investigation was the result of “long standing relationships” built over time in the border area to promote transparency.
Sheriff Chris Nanos, a Democrat, has previously said his agency will not enforce federal immigration law amid President Donald Trump’s crackdown and that he will use his limited resources to focus on local crime and other public safety issues.
U.S. Customs and Border Protection did not immediately respond to emails and telephone calls seeking more information.
Border Patrol agents fired weapons in eight incidents during the 12-month period through September 2025, 14 times during the year before that and 13 times the year before that.
World
French lawmakers declare ‘battle for free minds’ after approving social media ban for children under 15
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French lawmakers have backed a bill banning social media for children under 15 in what one legislator likened to a “battle for free minds.”
The bill, which also bans mobile phones in high schools, passed late Monday by a 130–21 vote. The bill will now head to the Senate for discussion before a final vote.
“With this law, we are setting a clear boundary in society and saying social media is not harmless,” French lawmaker Laure Miller told the assembly.
“Our children are reading less, sleeping less and comparing themselves to one another more,” she continued. “This is a battle for free minds.”
TEXAS FAMILY SUES CHARACTER.AI AFTER CHATBOT ALLEGEDLY ENCOURAGED AUTISTIC SON TO HARM PARENTS AND HIMSELF
French lawmakers described the bill as a “battle for free minds.” (iStock)
Macron has pushed lawmakers to fast-track the legislation so that the ban could be in place in time for the start of the next academic year in September.
“Banning social media for those under 15: this is what scientists recommend, and this is what the French people are overwhelmingly calling for,” Macron said after the vote. “Because our children’s brains are not for sale — neither to American platforms nor to Chinese networks. Because their dreams must not be dictated by algorithms.”
French President Emmanuel Macron delivers a speech as he visits the Istres military air force base, southern France, Jan. 15, 2026. (AP Photo/Philippe Magoni, Pool)
The idea of setting a minimum age for use of the platforms has gained momentum across Europe.
The vote comes days after the British government said it is considering similar restrictions as it tightens rules to protect children from harmful online content and excessive screen time.
PROTECTING KIDS FROM AI CHATBOTS: WHAT THE GUARD ACT MEANS
Australia introduced a world-first ban on social media for children under 16 years old in December, restricting access to platforms such as Facebook, TikTok and YouTube.
France’s health watchdog warned of links between heavy social media use and reduced self-esteem and increased exposure to content tied to risky behaviors, including self-harm, drug use and suicide. (Nimito/Getty Images)
France’s health watchdog reports that one in two teenagers spends between two and five hours a day on a smartphone. A December report found that about 90% of children ages 12 to 17 use smartphones daily to access the internet, with 58% using them for social media.
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The agency warned of links between heavy social media use and reduced self-esteem, as well as increased exposure to content tied to risky behaviors, including self-harm, drug use and suicide.
Fox News Digital’s Bonny Chu and The Associated Press contributed to this report.
World
EU Commissioner Virkkunen urges US to respect EU digital rules
Existing differences of opinion about digital rules in the European Union and the United States should not be a source of confrontation, but should be treated in a respectful way, the Executive Vice President of the EU Commission, Henna Virkkunen, said on Euronews’ flagship programme The Europe Conversation.
“When we speak about democracies like the European Union and the USA, I think democratic countries and friends, we can handle those kinds of differences in our rules with respect,” urged Virkkunen, whose portfolio in the Commission includes Tech Sovereignty, Security and Democracy.
“Europeans are very committed to our rules because we want to make sure that we have a fair and safe democratic environment, also when it comes to the digital environment,” Virkkunen added.
Her comments came as the row over the controversial AI chatbot Grok between Brussels and Elon Musk’s social media platform X escalated.
On Monday, the European Commission launched a formal investigation into Grok, after the outcry at the platform’s failure to prevent the creation of sexually explicit images of real people, including children, without their consent.
If X is found to have breached EU online platform rules under the bloc’s Digital Services Act (DSA), the Commission could fine the company up to 6% of its global annual turnover.
“We are now collecting evidence from the X and Grok side,” Virkkunen said.
The US government has repeatedly cast EU action to rein in US tech giants as “discriminatory” and “unjustified” attempts to censor American viewpoints.
In December, the Trump administration denied visas to a former EU Commissioner, Thierry Breton and to other Europeans who were instrumental in EU efforts to counter hate speech and disinformation online.
When US tech companies are doing business in Europe, they have to follow the rules – but so do Asian or European companies, Virkkunen noted.
France’s under-15s social media ban
Asked whether she supports a social media ban for young teenagers as promoted in France, she avoided taking sides.
Instead, she stressed the necessity of having appropriate age verification tools in place to enforce such bans.
“Some very small kids, they already have their own social media accounts. And now the member states are discussing what the right age really is for that,” Virkkunen said.
“We are focusing our investigations now so that online platforms are really taking the responsibility that a high level of safety, security, and privacy is ensured for our minors, because it’s our obligation,” she added.
On Monday, France’s National Assembly backed a bill that would ban children and teenagers under the age of 15 from social media.
The law could come into force by next September if approved by the Senate.
“Our children and teens’ brains are not for sale,” the French President said. “Our children and teens’ emotions are not for sale, or to be manipulated – not by American platforms nor Chinese algorithms.”
The French legislation is part of a wave of measures being discussed across Europe, following Australia’s enforcement of the world’s strictest social media rules for children under 16 last year.
Denmark also wants to block access to social media for anyone under-15s, with potential, parental-approved, exceptions for 13- to 14-year-olds – a move that could potentially become law by mid-2026.
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