Economy

US negotiates deal to secure ownership and leases across Venezuelan oil fields

Negotiators from the United States and Venezuela's interim government are drafting an agreement to lease more than a dozen productive oil fields containing 90 billion barrels of reserves to American companies.

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Energy & Trade·from Aug 18·upd. 7h ago

Canada and US trade dispute escalates after $20 billion tariff clash and auto sector demands

Canadian officials insist any future bilateral trade pact must protect domestic automotive manufacturing and cultural policies following reciprocal $20 billion tariff actions.

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Macro·from Aug 27·upd. 14h ago

Six EU net contributors demand hundreds of billions in cuts to proposed €2 trillion budget

Leaders from Germany, Denmark, Austria, Finland, the Netherlands, and Sweden met in Berlin to oppose the European Commission's 2028–2034 budget plan, calling for spending reductions across all areas.

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Business·from Aug 27·upd. 7h ago

Nvidia forecasts 70% revenue growth for 2027 and pauses cloud revenue-sharing deals

Nvidia reported $96.2 billion in second-quarter revenue and projected a 70% sales increase for next fiscal year, even as it stepped back from a revenue-sharing program with cloud providers over antitrust concerns.

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Macro·3h ago

French bond yields rise above Italian BTPs as debt concerns shift to Paris

French 10-year sovereign bond yields moved above Italian equivalents in August 2026 as European investors reallocated capital toward Rome following divergent fiscal trajectories and political instability in Paris.

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Business·7h ago

Rheinmetall and Hesse announce 270 million euro defense expansion in Kassel and Calden

The project will build a 30,000-square-meter logistics hub, a drone testing facility, and expanded manufacturing capacity for up to 500 Boxer armored vehicles per year.

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Business·15h ago

Nvidia in negotiations to acquire AI repository Hugging Face in $12.9 billion deal

Nvidia is in advanced discussions to acquire open-source AI platform Hugging Face for $12.9 billion, expanding its software reach as model developers develop rival chips.

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Energy & Trade·16h ago

European Commission approves Greece's €4.77B Social Climate Plan for 2026–2032

The 2026–2032 initiative mobilizes €3.57 billion in EU funds and €1.2 billion in national contributions to fund housing renovations, heating subsidies, and clean public transport.

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Energy & Trade·from Aug 23·upd. 19h ago

Italy extends diesel excise tax cut to 5 September with 130 million euro package

The Italian cabinet approved a 130 million euro decree extending the 17-cent diesel discount through 5 September, funded by an advance tax on energy company dividends.

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Macro·yesterday

Federal Reserve Chair Kevin Warsh faces market scrutiny ahead of Jackson Hole debut

Federal Reserve Chair Kevin Warsh will address central bankers in Wyoming on Friday as investors seek clarity on his approach to 3.7% inflation and elevated bond yields.

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Energy & Trade·from Aug 13·upd. 4d ago

Poland raises daily fuel price caps for Tuesday under reinstated CPN program

The Ministry of Energy increased maximum retail limits for petrol and diesel across Poland for Tuesday, while daily price controls and an 8% VAT rate remain in effect through August.

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Macro·from Aug 26·upd. yesterday

Scott Bessent launches Treasury twist to curb yields as US debt hits $40 trillion

US Treasury Secretary Scott Bessent has introduced tactical bond market interventions, bringing the 30-year yield down to 5.19% after national debt crossed $40 trillion.

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US negotiates deal to secure ownership and leases across Venezuelan oil fields

Canada and US trade dispute escalates after $20 billion tariff clash and auto sector demands

Six EU net contributors demand hundreds of billions in cuts to proposed €2 trillion budget

Nvidia forecasts 70% revenue growth for 2027 and pauses cloud revenue-sharing deals

French bond yields rise above Italian BTPs as debt concerns shift to Paris

Rheinmetall and Hesse announce 270 million euro defense expansion in Kassel and Calden

Nvidia in negotiations to acquire AI repository Hugging Face in $12.9 billion deal

European Commission approves Greece's €4.77B Social Climate Plan for 2026–2032

Italy extends diesel excise tax cut to 5 September with 130 million euro package

Federal Reserve Chair Kevin Warsh faces market scrutiny ahead of Jackson Hole debut

Poland raises daily fuel price caps for Tuesday under reinstated CPN program

Scott Bessent launches Treasury twist to curb yields as US debt hits $40 trillion

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