Global News Update - November 6, 2025

Global News Update - November 6, 2025

Top Global Stories Impacting Tech Industry

1. EU Passes Comprehensive AI Liability Framework

Date: November 5, 2025
Source: European Commission, Financial Times

The European Parliament approved the AI Liability Directive, establishing clear legal responsibility for AI system failures. Companies deploying high-risk AI systems face strict liability for damages, with burden of proof shifted to AI providers. The framework takes effect January 2026 and applies to any AI system serving EU citizens, regardless of where the company is headquartered.

Relevance to Tech Industry:

Link: https://ec.europa.eu/ai-liability-directive-2025

2. US-China Semiconductor Agreement Eases Export Restrictions

Date: November 4, 2025
Source: U.S. Department of Commerce, Reuters

The Biden administration and Chinese government reached a landmark semiconductor agreement easing export controls on chips below 5nm process technology for civilian applications. Advanced AI chips (H100-class and above) remain restricted. The agreement includes verification mechanisms and excludes military-adjacent applications. Industry leaders expect this to stabilize global semiconductor supply chains.

Relevance to Tech Industry:

Link: https://www.commerce.gov/news/us-china-semiconductor-framework

3. India Becomes Third Largest Economy, Tech Sector Drives Growth

Date: November 5, 2025
Source: International Monetary Fund, Bloomberg

India’s GDP surpassed Japan’s, making it the world’s third-largest economy at $4.3 trillion. Technology services and digital infrastructure contributed 22% of growth. The government announced $50 billion in AI and semiconductor manufacturing incentives over five years. Major tech companies including Google, Microsoft, and Apple are expanding R&D operations in Bangalore, Hyderabad, and Pune.

Relevance to Tech Industry:

Link: https://www.imf.org/en/News/Articles/2025/india-economy-milestone

4. Global Tech Layoffs Slow as AI Hiring Accelerates

Date: November 4, 2025
Source: Layoffs.fyi, Wall Street Journal

Tech industry layoffs dropped 65% in October 2025 compared to peak levels in early 2024. Simultaneously, AI-related job postings increased 340% year-over-year, with median salaries for ML engineers reaching $285,000. Meta, Amazon, and Microsoft announced major AI hiring initiatives totaling 45,000 positions globally. Industry analysts indicate the tech hiring freeze has ended, with demand concentrated in AI/ML, infrastructure, and security roles.

Relevance to Tech Industry:

Link: https://layoffs.fyi/tech-hiring-trends-2025

5. OPEC+ Maintains Production Cuts, Oil Prices Stable at $78/Barrel

Date: November 5, 2025
Source: OPEC, Bloomberg Energy

OPEC+ extended production cuts through Q2 2026, keeping oil prices stable in the $75-80 range. This follows increased adoption of electric vehicles and renewable energy reducing long-term demand forecasts. Energy analysts project peak oil demand in 2027, three years earlier than previous estimates. Saudi Arabia announced $100 billion investment in renewable energy and green hydrogen.

Relevance to Tech Industry:

Link: https://www.opec.org/opec_web/en/press_room/7234.htm

Additional Headlines

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