- 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
Video: NATO Calls China a ‘Decisive Enabler’ in Russia’s War on Ukraine
new video loaded: NATO Calls China a ‘Decisive Enabler’ in Russia’s War on Ukraine
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NATO Calls China a ‘Decisive Enabler’ in Russia’s War on Ukraine
Secretary General Jens Stoltenberg made the accusation, which was in a declaration approved by the 32 leaders of the alliance, during the NATO summit in Washington on Wednesday.
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As NATO allies agreed today in our summit declaration, China has become a decisive enabler of Russia’s war against Ukraine. And China’s support increases the threat Russia poses to Euro-Atlantic security. China cannot enable the largest conflict in Europe in recent history without this negatively impacting their interest and reputation. China provides dual-use equipment, microelectronics, a lot of other tools, which are enabling Russia to build the missiles, to build the bombs, to build the aircraft, to build the weapons they are using to attack Ukraine.
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Israel releases body-cam video of deadly Syria raid targeting Muslim Brotherhood-affiliated terrorists
IDF battles terrorists in Syria raid
Body-cam video shows face-to-face firefight between Israeli forces and terrorists in Beit Jann raid as IDF troops capture terror suspect. (Video: IDF Spokesman’s Unit.)
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The IDF released body-camera footage Friday from a rare face-to-face gun battle in southern Syria, where troops from the 55th Brigade were fired on while arresting members of al-Jama’a al-Islamiyya, a Sunni terrorist group Israel identifies as part of the wider Muslim Brotherhood network.
The cross-border gun battle comes as the Trump administration moves to target Brotherhood affiliates and tensions spike between Netanyahu and Syria’s interim president.
The overnight operation took place in the Beit Jann area, roughly 10 kilometers inside Syria, under the 210th Division. According to the IDF, troops entered the area to detain suspects involved in planting IEDs and planning future attacks against Israel, including potential rocket fire. Two suspects were arrested before an exchange of fire erupted.
Six IDF soldiers were wounded, including three in serious condition. Several terrorists were killed, the IDF said, and the suspects were transferred to Israel for interrogation.
TRUMP MOVES AGAINST MUSLIM BROTHERHOOD AS ISLAMIST GROUP SPREADS IN WEST
IDF troops move through the Beit Jann area in southern Syria during the overnight operation to apprehend members of Al-Jama’a al-Islamiyya, the Muslim Brotherhood-linked militant group. (IDF) (IDF)
Al-Jama’a al-Islamiyya, founded as the Lebanese branch of the Muslim Brotherhood, has cooperated with Hamas and Hezbollah, maintaining infrastructure in southern Lebanon and along the Syria-Lebanon border. The IDF says it has struck the organization’s sites in Syria and Lebanon repeatedly during the current war.
Channel 12 political correspondent Amit Segal noted Friday that the incident marks the first time since December 2024 — when Israeli forces took control of the Syrian side of Mount Hermon — that Israeli troops were wounded in a Syrian firefight.
Segal wrote: “Could Syria become the IDF’s new Lebanon? … With six soldiers wounded overnight, the big question is whether this is a one-off event, or if it signals the beginning of a long, uncomfortable Israeli presence in Syria.”
Tensions between Syrian interim president Ahmed al-Sharaa and Israeli Prime Minister Benjamin Netanyahu have intensified since Sharaa’s unprecedented visit to Washington earlier this month. Sharaa met President Donald Trump at the White House for discussions on sanctions relief and counterterrorism coordination, making him the first Syrian leader to visit Washington since the Syrian war began.
IDF STRIKES HAMAS ‘TERRORIST TARGETS’ ACROSS GAZA FOLLOWING REPORTED CEASEFIRE VIOLATION
Israeli forces secure the area around Beit Jann after detaining two suspects and coming under fire in one of the most serious clashes on the Syrian front this year. (IDF)
Netanyahu publicly criticized the visit the same day, saying Sharaa “returned inflated with a sense of international legitimacy,” and warning that any U.S.-Syria discussions must “not come at Israel’s expense.”
Additional reporting in the Jerusalem Post and Channel 12 noted that security arrangements affecting Israel’s northern front were discussed in broad terms between U.S. and Syrian officials, though no agreements were reached, and Washington stressed that consultations with Israel were ongoing.
Friday’s clash came the same week the Trump administration launched a sweeping effort to designate Muslim Brotherhood affiliates as terrorist organizations. The White House directive instructs federal agencies to evaluate and sanction Brotherhood entities in countries including Egypt, Jordan and Lebanon, citing global financial, political and operational ties among affiliates.
ISRAEL’S STRIKE IN QATAR TRIGGERS RARE US REBUKE, TESTS TRUMP’S GULF DIPLOMACY
IDF armored vehicles maneuver in the Beit Jann area of southern Syria during the overnight counterterrorism operation against Al-Jama’a al-Islamiyya. (IDF)
The White House statement said the Brotherhood “fuels terrorism and destabilization campaigns against U.S. interests and allies.”
Sen. Ted Cruz, R-Texas, praised the move on his podcast Verdict, telling co-host Ben Ferguson that the designation marks the culmination of a decade of legislative efforts. Cruz said “This is literally 10 years of hard work, and it will make America safer because the Muslim Brotherhood is funding terrorists that want to murder you and want to murder me.”
He noted that many U.S. allies in the Middle East — including Egypt, Jordan, Saudi Arabia, Bahrain and the UAE — have already outlawed the organization, telling listeners: “They really want the United States to do what President Trump did this week.”
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As Washington intensifies pressure on Brotherhood-linked movements, Israel is increasingly confronting Brotherhood-affiliated armed groups across the northern arena — from Hamas in Gaza to al-Jama’a al-Islamiyya in Syria and Lebanon.
With Beit Jann emerging as a focal point for cross-border operations, and American policy tightening, analysts say the regional confrontations involving Brotherhood-connected groups may be entering a new phase.
World
Hong Kong mourns victims of blaze as search for remains continues
At least 128 people died and 200 remain missing after the towers housing 4,600 people were engulfed by flames.
Published On 29 Nov 2025
People in Hong Kong are mourning the deaths of at least 128 people who died in the region’s largest blaze in decades in an eight-apartment residential complex.
The flags outside the central government offices were lowered to half-mast on Saturday as Hong Kong leader John Lee, other officials and civil servants, all dressed in black, gathered to pay their respects to those lost at the Wang Fuk Court estate since the fire on Wednesday.
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Condolence books have been set up at 18 points around the former British colony for the public to pay their respects, officials said.
At the site of the residential complex, families and mourners gathered to lay flowers.
By Friday, only 39 of the victims had been identified, leaving families with the morbid task of looking at the photographs of the deceased taken by rescue workers.
The number of victims could still dramatically rise as some 200 people remain missing, with authorities declaring the end of the search for survivors on Friday.
But identification work and search for remains continues, as Lee said the government is setting up a fund with 300 million Hong Kong dollars ($39m) in capital to help the residents.
The local community is also pitching in, with hundreds of volunteers mobilising to help the victims, including by distributing food and other essential items. Some of China’s biggest companies have pledged donations as well.
The Wang Fuk Court fire marks Hong Kong’s deadliest since 1948, when 176 people died in a warehouse blaze.
At least 11 people have been arrested in connection with the tragedy, according to local authorities.
They include two directors and an engineering consultant of the firm identified by the government as doing maintenance on the towers for more than a year, who are accused of manslaughter for using unsafe materials.
The towers, located in the northern district of Tai Po, were undergoing renovations, with the highly flammable bamboo scaffolding and green mesh used to cover the building believed to be a major facilitator of the quick spread of the blaze.
Most of the victims were found in two towers in the complex, with seven of the eight towers suffering extensive damage, including from flammable foam boards used by the maintenance company to seal and protect windows.
The deadly incident has prompted comparisons with the blaze at the Grenfell Tower in London that killed 72 people in 2017, with the fire blamed on flammable cladding on the tower’s exterior, as well as on failings by the government and the construction industry.
“Our hearts go out to all those affected by the horrific fire in Hong Kong,” the Grenfell United survivors’ group said in a short statement on social media.
“To the families, friends and communities, we stand with you. You are not alone.”
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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