
AI-generated summary
Each news item is a summary of events that occurred between November 2nd and 4th.
Kanagawa Prefectural Police began searching the city hall after the arrest of a Kawasaki city manager for leaking construction prices.
The US president said he could work with Democrats.
The US president has acknowledged that the Iran issue was a factor in his defeat in the midterm elections.
According to US media, the opposition Democratic Party took back the Senate in the midterm elections.
Trump told the New York Times that he was ready to accept the results of the midterm elections.
According to US media, the opposition Democratic Party took back the House of Representatives in the midterm elections.
Regarding the consumption tax reduction bill, Democratic Party of Japan representative Tamaki said, ``There is no way we can support it as it stands.''
According to the South Korean military, North Korea launched a projectile into the Sea of Japan.
North Korea's Kim Yo Jong has insisted that there is no need to confront the United States.
The US president has said that aid to Israel will end at the end of the year.
The Asian Cup soccer tournament, scheduled to be held in Saudi Arabia from January to February next year, has been postponed.
The governments of Japan and Vietnam have begun considering a new agreement under which they would mutually report information on each other's citizens arrested or detained in their respective countries.
The Wall Street Journal reported that the US military has attacked Qeshm Island in Iran.
Authorities in Spain have announced that the second Japanese national has been confirmed dead in the train accident.
North Korea's Kim Yo Jong has called the US announcement that North Korea was involved in the Binance cryptocurrency leak "ridiculous."
GMO Chairman and President Kumagai said, ``It is true that there were security issues with the service.''
Authorities in Spain announced that one Japanese national was among the 69 people killed in the train accident.
According to a senior official at the Ministry of Foreign Affairs, one Japanese person has been confirmed dead in the Spanish train accident.
A local ceasefire in southern Ukraine has ended.

On the 3rd, the New York stock market saw a mix of adjustments in holdings as voting day for the U.S. midterm elections approached. Although the Dow Jones Industrial Average fell, the tech-heavy Nasdaq index rebounded for the first time in four days.

The US president acknowledged that the Iran issue was a factor in his defeat in the midterm elections and said he could cooperate with the Democratic Party. According to US media, Democrats took back the Senate and the House of Representatives, and Trump told the New York Times that he was ready to accept the results. The WSJ also reported that the US military attacked Qeshm Island in Iran, and the US president said he would end aid to Israel at the end of the year.

Ryutaro Kono, chief economist at BNP Paribas Securities, is concerned that the current situation in which wages have not increased in Japan despite the progress in the introduction of AI is ``extractive innovation,'' and warns of an AI bubble in financial institutions, likening it to the myth of Sisyphus.
![[ITmedia Business Online] Why did Sumitomo Mitsui FG decide to invest 100 billion yen in AI when it still didn't know what would happen?](/api/img?u=https%3A%2F%2Fimage.itmedia.co.jp%2Fbusiness%2Farticles%2F2611%2F04%2Fcover_news012.jpg&w=320&q=72&f=webp)
Sumitomo Mitsui Financial Group announced that it will invest 100 billion yen over the next three years to utilize generative AI. Group CEO Tatsu Nakajima said, ``I am confident that business will look different in five years,'' and aims not only to improve operational efficiency through AI, but also to change existing business models such as financing and asset management. Currently, more than 100 AI projects are underway.

Five large US IT companies have released their financial results for the July-September period of 2026, and all companies have increased revenue. Alphabet and Amazon's profits decreased, and Meta's profits also decreased due to increased AI investment. The cloud business has grown significantly. Some companies expressed their intention to accelerate AI investment, and the stock prices of the two companies plummeted.

All Nippon Airways (ANA) has announced that it is effectively withdrawing from Mt. Fuji Shizuoka Airport, and will suspend service on its Naha and New Chitose routes from October. Approximately 30 people participated in the parent-child aviation class held four days before the withdrawal, and the children's eyes lit up as they listened to the explanations given by the pilots and flight attendants. On the other hand, some participants expressed sadness at the withdrawal, and the airport has never been profitable since its opening.