Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
Anthropic Reportedly Taps Wilson Sonsini as It Prepares for a Potential 2026 IPO 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
Airline Loyalty Programs Face New Uncertainty as Visa–Mastercard Fee Settlement Evolves 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
EU Prepares Antitrust Probe Into Meta’s AI Integration on WhatsApp 
Momenta Quietly Moves Toward Hong Kong IPO Amid Rising China-U.S. Tensions 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Wikipedia Pushes for AI Licensing Deals as Jimmy Wales Calls for Fair Compensation 
Proxy Advisors Urge Vote Against ANZ’s Executive Pay Report Amid Scandal Fallout 
Sam Altman Reportedly Explored Funding for Rocket Venture in Potential Challenge to SpaceX 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
Netflix’s Bid for Warner Bros Discovery Aims to Cut Streaming Costs and Reshape the Industry 
Toshiba, a Japanese multinational company, headquartered in Minato, Tokyo, went through a lot of problems as it faced many scandals in recent years. Its leaders were also changed, but it has yet to fully recover.
In an effort to revive the company, a plan to break up Toshiba into two or three companies has been proposed. And this week, it was reported that the shareholders rejected the suggestion, and the activists' call for privatization was given a thumbs down too, as per Reuters.
With this result, it was reported that the current Toshiba management vowed to push for reforms. The proposal presented by the management was to divide the company into two divisions while the activist shareholders want it to be privatized. But in the end, both bids were rejected by the majority of votes, and this left the future direction of Toshiba uncertain.
It was added that there are also foreign investors who prefer for the embattled conglomerate to be auctioned off to the highest bidder, but the idea was not accepted as well. The management’s suggestions of creating independent companies for Toshiba’s devices unit or auctioning it off have both failed to gain the required 50% of the votes.
The turnout of the voting shows that Toshiba’s scandals involving the management and foreign activist hedge funds are not ending soon. This means that the company will continue to face tough times with lots of uncertainties with regard to its future.
The company said it will call another board meeting and will announce the direction of Toshiba. Its chief executive officer, Taro Shimada, said they would consider all options that will help improve the value of the firm.
Finally, Nikkei Asia reported that Toshiba accepted the outcome of the meeting. "Toshiba accepts the opinion of the shareholders expressed at the EGM and will make best efforts to build trust with shareholders and reconsider its strategic options to enhance corporate value continuously," it said in a statement.
The extraordinary general meeting (EGM) was said to have lasted 2 hours and 17 minutes. At least 189 investors were present, and they are mostly former employees and solo investors. Toshiba’s total number of shareholders is said to be 228,586.
