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Trading resumes after CME outage sparked global market disruption

The Chicago Mercantile Exchange (CME) began to restore trading on Friday after a technical issue disrupted operations on the Dow Jones Industrial Average, S&P 500, and Nasdaq.

The shutdown was triggered by a cooling system failure at a data centre in the Chicago area, according to the facility’s operator, CyrusOne.

Engineering teams have since restarted several chillers and installed temporary cooling equipment to stabilise conditions, a spokesperson told Bloomberg.

According to CME Group’s indications, trading in US equity futures should be restarting soon after a glitch knocked it out for several hours.

The CME, one of the world’s largest derivatives exchanges, hosts near-continuous trading in millions of contracts tied to the S&P 500, Dow Jones Industrial Average, and Nasdaq 100. Friday’s interruption left traders grappling with uncertainty as they awaited the restoration of the platforms that underpin much of global futures activity.

The outage halted trading of US Treasury futures, while European and UK bond markets that trade on a different exchange were reported unaffected.

Futures in individual stocks were not affected, either. Coinbase Global rose 2.6% in pre-market trading as Bitcoin stayed above $91,000.

Wall Street is operating on an abbreviated schedule on Friday after being closed for the Thanksgiving holiday. Stock trading will close at 1pm Eastern Time (7pm CET).

In European trading, Germany’s DAX rose 0.20% after the release of fresh inflation data.

Britain’s FTSE 100 edged up 0.23% on gains in energy and mining stocks. The CAC 40 in France rose 0.19%.

In other dealings, Brent crude, the international standard for pricing, rose 0.13% to $62.62 per barrel.

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Kim Kardashian slams ‘full of s**t’ psychics for giving her hope she’d pass bar exam as resumes studies in tiny bikini

KIM Kardashian refuses to throw in the book as she returns to studying, after fuming that psychics incorrectly predicted she would pass her exam to qualify as a lawyer.

The billionaire entrepreneur and reality star, 45, posing in a bikini while revising with a textbook, failed her California bar exam after six years of studying.

Kim Kardashian shared a snap studying in her bikini after revealing she failed the bar examCredit: Instagram
The reality star has slammed ‘full of s**t’ psychics who all told her she’d pass the examCredit: Splash

In a TikTok video, she ranted to her famous family that their clairvoyants were “liars.”

She said: “I’m just letting you guys know that all of the f***ing psychics that we have met with, and that we’re obsessed with, are all f***ing full of s**t.

“They all collectively, maybe four of them, have told me I was going to pass the bar so they’re all full pathological liars. Don’t believe anything they say.”

It comes after her Disney+ drama All’s Fair, about a group of female lawyers, was critically panned and received a four percent rating on review-aggregator site Rotten Tomatoes.

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However, The U.S. Sun revealed how this took a drastic turn late Tuesday night heading into Wednesday, when reviews labeling the show the “worst of all time” began going viral.

“The show had a disappointing opening in the first 24 hours. 

“It wasn’t getting as much attention leading up because the media review embargoes weren’t allowed to go up until after the show had already dropped,” the source explained. 

“So all the 0% reviews came out at once, after the episode was already out, and helped draw droves of attention to it. 

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“The reaction to all the bad reviews was the best thing that could’ve happened to the show. It basically, right away, doubled overall episode engagement. 

“Including viewership but also the amount of online mentions and social media activity.”

The insider added that producers are taking the critique well, as they know the show is meant to be “campy and fun” and is “not meant to be serious.” 

“No one likes their work being dunked on, but the show welcomes the chatter because it’s driving interest and the viewership is benefiting exponentially,” they added. 

Kim stars on the legal drama as a divorce attorney at an all-female law firm.

In addition to The Kardashians star, the series also includes Naomi Watts, Niecy Nash, Sarah Paulson, and Glenn Close.

Kim insisted she’s not giving up on her dream of becoming a lawyerCredit: Instagram
Kim plays a divorce attorney in drama All’s FairCredit: Hulu

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Search for missing resumes after 2 towers blown up at Ulsan power plant

1 of 2 | Officials inspect the site of a collapsed boiler tower at a thermal power plant in the southeastern city of Ulsan on Tuesday before resuming their search for missing workers. Photo by Yonhap News

The search for four workers trapped under a collapsed boiler tower in the southeastern city of Ulsan resumed Tuesday after two other towers were demolished to ensure the safety of rescue personnel.

Around 70 search and rescue experts will be mobilized for the effort, which was suspended Sunday amid concerns the two towers flanking the collapsed structure could also crumble, firefighting authorities said.

At noon, the two — Towers 4 and 6 — were blown up, clearing the way for rescue personnel to dig through the debris of Tower 5 at a thermal power plant belonging to the Ulsan branch of Korea East-West Power Co., a state-run utility company.

Tower 5 collapsed last Thursday, trapping seven workers, including three whose bodies have been recovered. Two have been located but are feared dead, while another two remain missing.

Two cutting machines were being used to reach the two that have been spotted within 5 meters of the entrance to the debris, officials said.

The search for the missing two will begin from where the other two workers have been located.

Each tower was 63 meters tall.

At the time of its collapse, Tower 5 had been in the process of being demolished after 40 years of use ending in 2021.

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Putin says Russia to take ‘reciprocal measures’ if US resumes nuclear tests | Nuclear Weapons News

Russian President Vladimir Putin has told top Kremlin officials to draft proposals for the possible resumption of nuclear weapons testing, as Moscow responds to President Donald Trump’s order that the United States “immediately” resume its own testing after a decades-long hiatus.

The Russian leader told his Security Council on Wednesday that should the US or any signatory to the Comprehensive Nuclear-Test-Ban Treaty (CTBT) conduct nuclear weapons tests, “Russia would be under obligation to take reciprocal measures”, according to a transcript of the meeting published by the Kremlin.

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“In this regard, I instruct the Foreign Ministry, the Defence Ministry, the special services, and the corresponding civilian agencies to do everything possible to gather additional information on this matter, have it analysed by the Security Council, and submit coordinated proposals on the possible first steps focusing on preparations for nuclear weapons tests,” Putin said.

Moscow has not carried out nuclear weapons tests since the collapse of the Soviet Union in 1991. But tensions between the two countries with the world’s largest nuclear arsenals have spiked in recent weeks as Trump’s frustration with Putin grows over Russia’s failure to end its war in Ukraine.

The US leader cancelled a planned summit with Putin in Hungary in October, before imposing sanctions on two major Russian oil firms a day later – the first such measures since Trump returned to the White House in January.

Trump then said on October 30 that he had ordered the Department of Defense to “immediately” resume nuclear weapons testing on an “equal basis” with other nuclear-armed powers.

Trump’s decision came days after he criticised Moscow for testing its new Burevestnik missile, which is nuclear-powered and designed to carry a nuclear warhead.

According to the Kremlin transcript, Putin spoke with several senior officials in what appeared to be a semi-choreographed advisory session.

Defence Minister Andrei Belousov told Putin that Washington’s recent actions significantly raise “the level of military threat to Russia”, as he said that it was “imperative to maintain our nuclear forces at a level of readiness sufficient to inflict unacceptable damage”.

Belousov added that Russia’s Arctic testing site at Novaya Zemlya could host nuclear tests at short notice.

Valery Gerasimov, the Chief of the General Staff of the Russian Armed Forces, also cautioned that if Russia does not “take appropriate measures now, time and opportunities for a timely response to the actions of the United States will be lost”.

Following the meeting, state news agency TASS quoted Kremlin spokesman Dmitry Peskov as saying that Putin had set no specific deadline for officials to draft the requested proposals.

“In order to come to a conclusion about the advisability of beginning preparations for such tests, it will take exactly as much time as it takes for us to fully understand the intentions of the United States of America,” Peskov said.

Russia and the US are by far the biggest nuclear powers globally in terms of the number of warheads they possess.

The Center for Arms Control and Non-Proliferation (CACNP) estimates that Moscow currently has 5,459 nuclear warheads, of which 1,600 are actively deployed.

The US has about 5,550 nuclear warheads, according to the CACNP, with about 3,800 of those active. At its peak in the mid-1960s during the Cold War, the US stockpile consisted of more than 31,000 active and inactive nuclear warheads.

China currently lags far behind, but has rapidly expanded its nuclear warhead stockpile to about 600 in recent years, adding about 100 per year since 2023, according to the Stockholm International Peace Research Institute.

France, Britain, India, Pakistan, Israel and North Korea comprise the remaining nuclear-armed countries.

The US last exploded a nuclear device in 1992, after former Republican President George HW Bush issued a moratorium on nuclear weapons testing following the collapse of the Soviet Union a year earlier.

Since 1996, the year the CTBT was opened for signatures, only three countries have detonated nuclear devices.

India and Pakistan conducted tests in 1998. North Korea has carried out five explosive tests since 2006 – most recently in 2017 – making it the only country to do so in the 21st century.

Such blasts, regularly staged by nuclear powers during the Cold War, have devastating environmental consequences.

Trump has yet to clarify whether the resumption he ordered last week refers to nuclear-explosive testing or to flight testing of nuclear-capable missiles, which would see the National Nuclear Safety Administration test delivery systems without requiring explosions.

Security analysts say a resumption of nuclear-explosive testing by any of the world’s nuclear powers would be destabilising, as it would likely trigger a similar response by the others.

Andrey Baklitskiy, senior researcher at the United Nations Institute for Disarmament Research, said that the Kremlin’s response was a prime example of the “action-reaction cycle”, in which a new nuclear arms race could be triggered.

“No one needs this, but we might get there regardless,” he posted on X.



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