Latest Business & Economy News Today: 10 November 2026

Asian technology stocks rose on Tuesday, tracking a Wall Street rebound after last week's sell-off. SoftBank Group surged, with the gain stated as 11% in the headline and 12% in the body, while SK Hynix jumped 8.01% and Samsung Electronics rose 5.32%. The Nasdaq Composite climbed 2.74% and the S&P 500 rose 2.35%, its best day since April 8, as lower oil prices and renewed chip buying lifted sentiment.

Qantas will outsource 850 local corporate jobs to Accenture, with most roles moving to India and some staying in Australia, as it fast-tracks AI investment. CEO Vanessa Hudson said the cuts will begin mid-2027 and are part of modernising IT systems that include more than 1,000 legacy applications. The airline, which spends more than AU$1bn a year on technology, said the deal will simplify corporate functions and reduce duplication.

Chinese space-AI company Adaspace Technology launched a Hong Kong offering seeking up to HK$1 billion, at a minimum valuation of HK$15 billion, but attracted only about HK$87 million in margin financing orders, below the retail tranche target. The Sichuan-based firm has orders for 114 AI satellites worth 3.47 billion yuan, accumulated losses of more than 570 million yuan from 2023 to 2025, and expects its 2026 net loss to widen.

School dinner prices will rise for the second time in a year, with pre-school, primary and special school meals up by 30p and post-primary meals up by 15%. A headteacher said families will struggle, especially with multiple children and a cost of living crisis. The Education Authority said parents still pay well below the estimated average cost of producing a school meal, over £5.20.