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Wingtech Invites Nexperia Custodians for Talks Amid Ongoing Governance Dispute

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Wingtech Technology, the Chinese parent company of Dutch chipmaker Nexperia, has invited the court-appointed custodians of Nexperia to discuss control of the company—seen as a potential first step toward easing months of internal tensions. The rift between Nexperia’s European management and its Chinese parent deepened after the Dutch government intervened in September, leading to a court ruling that removed Wingtech founder Zhang Xuezheng as CEO over concerns he intended to shift production to China.

Although both sides have signaled interest in dialogue, they disagree on the agenda. Nexperia says it wants talks focused on restoring normal supply chain operations, which have been hit by wafer shipment stoppages, unpaid invoices and growing chip shortages that have affected global automakers. Wingtech, however, insists discussions must first address the restoration of its ownership rights and lawful control over the company.

Court-appointed custodian Arnold Croiset van Uchelen confirmed receiving Wingtech’s invitation but declined to share details of any upcoming meeting. Meanwhile, Nexperia’s Chinese packaging arm has declared itself independent and is seeking Chinese-made wafers, while the European unit has halted shipments to China. With dwindling chip inventories, the auto industry fears fresh shortages may emerge as early as January.

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French PM Urges Lawmakers to End Budget Standoff and Pass 2026 Bill

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French Prime Minister Sebastien Lecornu has pressed lawmakers to pass the 2026 national budget before the end of the year, following the lower house’s rejection of key tax provisions. The bill now moves to the Senate, where a review will begin immediately, amid rising political tensions within France’s fragmented parliament.

Lecornu said there is still time to reach consensus and called on opposition groups to avoid blocking the legislative process. With President Emmanuel Macron’s minority government facing intense pressure from both the far right and far left, any setback could trigger a no-confidence vote that may topple the prime minister. He said he would meet party leaders in the coming days to negotiate a compromise.

Once the Senate debates the proposal, a joint committee will attempt to reconcile differences between the two chambers before a final vote in the lower house. Lecornu stressed that the government is determined to keep next year’s deficit below 5% of GDP, despite major revisions expected to the initial plan, which includes over €30 billion in deficit reduction primarily through spending cuts and selective tax increases.

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Vilnius Airport Briefly Shut After Smugglers’ Balloons Trigger Airspace Alert

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Lithuania’s Vilnius Airport was forced to halt operations for over an hour on Thursday evening after balloons used by smugglers once again appeared on radar systems, triggering an airspace safety alert. The National Crisis Management Centre confirmed that flights resumed shortly after the objects cleared the area. This comes just hours after Lithuania reopened its border crossings with Belarus, which were earlier shut due to repeated airspace disruptions.

The Lithuanian government has accused smugglers of flying balloons from Belarus carrying contraband cigarettes, describing the activity as a form of “hybrid attack” orchestrated by the regime of Belarusian President Alexander Lukashenko. Prime Minister Inga Ruginiene’s office warned that if such incursions continue, Lithuania may be forced to close all border checkpoints again as a security measure.

Belarus has dismissed the allegations, with Lukashenko calling Lithuania’s response a “crazy scam” and accusing Western nations of waging hybrid warfare against Belarus and Russia. Authorities in Vilnius noted that air traffic disturbance reports had declined in recent weeks, but Thursday’s balloon-triggered closure marked a renewed incident amid ongoing regional tensions.

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Louvre Shuts Campana Gallery After Structural Weaknesses Discovered

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France’s Louvre Museum has closed its Campana Gallery after a structural assessment revealed severe weaknesses in beams supporting the Sully wing. The gallery, which showcases Greek vases and includes office spaces, dates back to the 1930s and was shut less than a month after a high-profile daylight heist exposed security vulnerabilities at the world-famous museum.

According to the Louvre, the technical report made it necessary to immediately close the first-floor gallery and relocate 65 staff members working above it. Union representatives said employees had long raised concerns over the ageing building, but were surprised by the extent of deterioration now confirmed.

The closure comes as the museum faces scrutiny over its management practices. A recent auditor’s report criticised the prioritisation of art acquisitions and post-pandemic projects over infrastructure and security upgrades. The investigation into last month’s $102 million jewel theft—carried out using a lift, broken windows, and motorbike escape—remains ongoing. The Louvre, originally a royal palace built in the 12th century, continues to grapple with balancing heritage preservation and modern safety demands.

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Abramovich Calls Jersey Investigation “Baseless and Unlawful”

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Russian billionaire Roman Abramovich has said that the ongoing criminal investigation launched by Jersey authorities in 2022 is “baseless and unlawful”, according to a statement from his spokesperson. Jersey had frozen $7 billion in assets linked to Abramovich as part of the probe, but his team now says no charges have been brought in more than three years, nor has any substantial progress been made in the case.

Abramovich’s spokesperson added that he has been permitted to file “claims of conspiracy” against the Jersey government. These claims allegedly stem from the government admitting to deleting data related to the investigation and failing to provide full disclosure regarding records connected to Abramovich. Jersey officials have not yet commented on these allegations.

A powerful figure who rose to wealth after the Soviet Union’s collapse and also holds Israeli citizenship, Abramovich remains a central figure in global financial circles. With Forbes estimating his net worth at $9.2 billion, the dispute with Jersey adds yet another layer to the legal and political scrutiny he has faced in recent years.

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Apple Ramps Up Succession Planning as Tim Cook Considers Exit

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Apple is accelerating its succession planning as CEO Tim Cook prepares to potentially step down as early as next year, according to a report. Discussions within the company have intensified in recent months, signaling that the transition at the top of the world’s most valuable tech firm may be approaching sooner than expected.

John Ternus, Apple’s senior vice president of hardware engineering, has emerged as the leading contender to take over the role. People familiar with internal conversations say the board and senior leadership have been closely evaluating candidates, though Apple is unlikely to announce a successor before its January earnings report, which covers the crucial holiday season.

Cook, who took charge in 2011 after Steve Jobs stepped down, has led Apple through more than 14 years of major product launches and record financial growth. While Apple has not commented publicly on the report, the renewed focus on succession marks a significant moment for the company as it prepares for leadership beyond Cook’s tenure.

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French police arrest Russian-Ukrainian man on bomb-making charges

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French authorities have arrested a 26-year-old man of Russian-Ukrainian descent on suspicion of attempting to manufacture explosives and planning a violent act. The suspect sustained severe burns in an explosion on Tuesday in a hotel room in Roissy-en-France, near Paris’s Charles de Gaulle airport.

The National Anti-Terrorism Prosecutor’s Office reported that investigators discovered bomb-making materials and equipment in the hotel room. Additionally, firearms and counterfeit passports were found, as reported by French media.

Anti-terror prosecutors have launched an investigation and are collaborating with France’s domestic intelligence agency, according to a source from the Reuters news agency.

The suspect, identified as a Russian-speaker from the Donbas region in eastern Ukraine, currently occupied by Russia, is being questioned in the hospital following his treatment and subsequent arrest.

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Ukraine war: Ship leaves Odesa despite Russia Black Sea attack fears

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A Hong Kong-flagged merchant ship named Joseph Schulte, which had been stuck in the Ukrainian port of Odesa due to Russia’s invasion of Ukraine in February 2022, has departed the port. Despite concerns that Russia might target vessels in the Black Sea, the ship left after Kyiv announced a “humanitarian corridor” for ships in the Black Sea. This corridor was established following the collapse of a previous deal that allowed Ukraine to export grain. The ship’s departure comes after Russian air strikes reportedly damaged grain storage facilities in Reni, a port on the Danube river.

Ukrainian officials released images showing the destruction of storage facilities and crops in Reni. Despite the attacks, the port is said to be operational. Russia has not commented on these latest developments. Previously, Russia withdrew from an agreement that guaranteed safe passage for ships in the Black Sea, suggesting that ships heading to Ukrainian ports could be considered military targets.

Ukraine, a significant exporter of grain and oilseeds, has faced challenges due to the blockade, leading to global increases in food prices. In response to these threats, Ukraine established a humanitarian corridor in the Black Sea to facilitate the departure of ships from its ports. The Joseph Schulte was carrying over 30,000 tonnes of cargo, including food, and was headed to Istanbul, Turkey. The corridor is intended to help evacuate ships that have been trapped in Black Sea ports since the start of Russia’s invasion.

Meanwhile, Ukrainian forces have been conducting a counter-offensive to retake territory from Russian forces in the eastern Donetsk region. Despite receiving military equipment from Western countries, their advances have been limited. Recent clashes have led to the evacuation of many residents in the country’s east. Russia has also reported downing drones near Moscow in a series of attacks on Russian cities.

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