Daily Briefing · 2026-10-22

This reflected weak EV sales and the burden of AI investment. Meanwhile, Meta's September-quarter results showed revenue up 26% year-on-year to approximately $64.6 billion, and the company indicated it would continue massive investment in AI-related areas. In international affairs, it has been reported that Ukraine peace negotiations with Russia may resume in November. Expectations are spreading for stabilization in crude oil and energy markets. In the markets, the yield on French 10-year government bonds reached 5% for the first time in about 24 years. Borrowing costs are rising amid concerns over fiscal deterioration. On energy policy, the UK government approved drilling at a North Sea gas field. While increased domestic production will reduce import dependence, rising costs from environmental regulations have also been noted. On the Korean Peninsula situation, North Korea announced it would operate loudspeakers during October, and is also proceeding with fortification of the border. Military tensions are rising, with concerns over the impact on defense spending and inter-Korean economic exchange. On the policy front, subsidies for electric vehicles are expected to be scaled back starting January 2027. Concerns have emerged that rising purchase costs will reduce market demand. In industry, a state-owned AI data company in China was established under government leadership, aimed at strengthening competitiveness in the US-China AI race. China's Premier Li Qiang reiterated that the Taiwan issue is an inviolable "red line." Risks of instability in trade relations continue. On industrial risk, suspected infections among crew members on a cruise ship have been reported, and concerns continue over expanding financial losses in related industries. On the diplomatic front, Japan and Europe held ministerial-level economic talks, emphasizing the protection of key shipping routes. The impact on trade flows is drawing attention. On IT risk, a critical vulnerability in PHP has been discovered, creating remediation costs and management risks for companies using it.