Monday 10 November 2025
The Mighty Headlines
Economics: China exports to US fall by 25% in October
Business and markets: Lloyds Bank becomes major UK landlord
Foreign Affairs: Second typhoon hits the Philippines in a week
Security and intelligence: UK and US lift sanctions on Syria’s President
UK domestic affairs: BBC Director General and BBC CEO of News resign
The Mighty Stats
FTSE = 9,682.57 (down 0.55%)
S&P 500 = 6,728.80 (up 0.13%)
Nasdaq = 23,004.54 (down 0.21%)
CAC40 = 7,950.18 (down 0.18%)
£1 = $1.32 / €1.14
Lab / Con / Reform = 20 / 17 / 33 per cent (Opinium, 5-7 November)
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The Mighty Detail
Economics: China’s exports fell by 1.1 per cent in October compared with a year before. This follows an 8.3 per cent increase in September. The country also recorded a 25 per cent drop in exports to the United States in October.
Business and markets: It is being reported that Lloyds Bank has become a significant residential landlord, with a £2 billion rental portfolio. Lloyds entered the residential landlord market in 2021 to diversify its revenue and has bought 7500 homes for rent in four years.
Foreign Affairs: The Philippines was hit by Typhoon Fung-wong on Sunday. The typhoon hit the archipelago with wind speeds of up to 143 miles per hour. Over a million people have been evacuated. It follows Typhoon Kalmaegi, which hit the country on Tuesday, and killed over 200 people.
Security and intelligence: The UK and the US have lifted their sanctions on Syria’s President Ahmed al-Sharaa after the UN Security Council did the same on Thursday last week.
It comes ahead of a meeting between al-Sharaa and President Trump today.
The UK and the EU lifted some economic sanctions on Syria as a whole in May but sanctions on arms remain in place.
UK domestic affairs: The Director General of the BBC, Tim Davie, and the BBC CEO of News, Deborah Turness, have resigned over a BBC documentary on Donald Trump. A leaked memo suggest that BBC Panorama pieced together bits of Trump’s speech in 2021 to make it look as if he explicitly encouraged the Capitol Hill riots.
The Mighty Calendar
What’s happening today?
UN COP30 Climate Change summit begins, Brazil
High Court hearing involving Prince Harry, Sir Elton John and others against Associated Newspapers
President Trump hosts Syria’s President al-Sharaa
UK Parliament in recess
Booker Prize announced
Company results from: Paramount, Occidental Petroleum Corporation
Lookahead to tomorrow
Remembrance Day
G7 Foreign Ministers’ meeting, Canada
Catherine Connolly inaugurated as President of Republic of Ireland
Justice Questions in UK Parliament
UK average earnings (September) – set to fall from 4.7% to 4.6%
UK unemployment rate (September) – set to rise from 4.8% to 4.9%
Company results from: Sony, Porsche, SoftBank, Vodafone
The Mighty Finale
🌤️Weather today
Thundery showers in the south of England. Heavy rain in the northwest. Light rain in the northeast. High of 14C and low of 7C in London. Light rain in Belfast and Edinburgh.
✏️Life coaching quote of the day
“Stay afraid, but do it anyway. What’s important is the action. You don’t have to wait to be confident. Just do it and eventually the confidence will follow.” – Carrie Fisher, actress
Mighty takeaway: Action first, confidence later!
That’s it for this Monday morning. We hope that you enjoy the day.
Bye!
The Mighty Memo team
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