Russia plans to produce about 2.8 million vehicles a year by 2035 under the target scenario of its automotive industry development strategy, First Deputy Prime Minister Denis Manturov said. The share of Russian products in the domestic new-vehicle market is expected to rise to 80%.
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TASSOriginal★★★☆☆2026-08-31 09:22
Türkiye’s trade with Turkic states increased 6.6% to $10.1 billion during the first seven months of 2026.
TTRT WorldOriginal★★★☆☆2026-08-31 09:08
Shares of online fast-fashion retailer Shein fell more than 10% in gray-market trading on Monday, ahead of its debut on the Hong Kong Stock Exchange scheduled for Tuesday.
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ReutersOriginal★★☆☆☆2026-08-31 09:00
Tenants ranging from major banks to fashion brands are taking advantage of potentially lower rents in prime Hong Kong retail areas, using prominent sites to increase customer visibility, agents say. HSBC is opening its first flagship branch at Capitol Centre, formerly occupied by Chanel, Victoria’s Secret and Forever 21, while preparing to close two branches in Causeway Bay.
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South China Morning PostOriginal★★☆☆☆2026-08-31 09:00
A Nova Scotia meadery’s planned sale of nearly 600 wine-size bottles to a New Brunswick Renaissance fair was largely scuttled a week before the event after the province’s liquor regulator imposed fees representing a markup of more than 100 per cent. The situation drew the ire of Nova Scotia’s premier.
CCBC NewsOriginal★★☆☆☆2026-08-31 09:00
The Bank of Russia purchased yuan worth 6 billion rubles, or $69.5 million, on the domestic market with settlement on August 28. Purchases settled on August 27 totaled 5.9 billion rubles, or $68.3 million. The operations use the yuan-ruble instrument on the Moscow Exchange.
TTASSOriginal★★☆☆☆2026-08-31 08:50
A look at what is coming in the week beginning Aug. 31, including the U.S. jobs report and Russia’s digital ruble rollout.
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CoinDeskOriginal★★☆☆☆2026-08-31 08:22
Bitcoin is staying just below $78,000 as August draws to a close. The dollar strength that pushed the yen beyond its intervention line is also limiting gains in cryptocurrencies.
CCoinDeskOriginal★★☆☆☆2026-08-31 08:18
Specialty fruits are reaching peak harvest in Xinjiang, where improved cultivation, processing and marketing are raising rural incomes. In Yengisar County, 3,133 hectares of locally developed xinmei plums have matured, creating seasonal work for more than 1,000 villagers. Better fig preservation and expanded sales are also opening new markets.
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China News ServiceOriginal★★☆☆☆2026-08-31 08:17
Sberbank reportedly expects crypto exchange trading to reach $46 billion in the first year under Russia’s new regulations. The rules are scheduled to take effect on Sept. 1, 2026.
TThe BlockOriginal★★★☆☆2026-08-31 08:15
The New York Times says US airstrikes have not achieved Washington’s goals, leaving President Donald Trump’s administration to rely on a naval blockade and economic sanctions. US military leaders are no longer discussing a swift victory and instead describe a campaign lasting months or longer. Reopening the Strait of Hormuz is considered feasible, but likely too costly in blood and treasure.
TTASSOriginal★★★★☆2026-08-31 08:10
Ebrahim Azizi, who chairs Iran’s parliamentary National Security and Foreign Policy Commission, warned that the United States would pay “a heavier price” for the latest Middle East escalation and said retaliation was coming. Earlier reports said US forces struck two Iranian launchers on Larak Island, followed by Iranian attacks on US bases in Jordan.
U.S. forces struck targets on Iran’s Larak Island. President Donald Trump said the energy hub of Kharg Island was also under attack, although that claim had not been immediately confirmed.
Iran launched retaliatory strikes after the US attacked Larak Island. The strikes were Washington’s first against Iran in about a month, after the Trump administration shifted toward inflicting maximum economic pain on Tehran. The US says they aimed to stop Iranian forces from disrupting global shipping through the Strait of Hormuz.
Oil prices climbed more than 1% on Monday as concerns about supply disruptions intensified after U.S. forces struck two Iranian rocket launchers on Larak Island on Sunday.
Oil prices rose more than 2% on Monday, pushing Brent back above $90 a barrel, after U.S. forces hit two Iranian launchers on Larak Island in the Strait of Hormuz on Sunday. It was the first known U.S. strike on the Gulf nation since late July.
Iran’s Islamic Revolutionary Guard Corps said a U.S.-Israeli attack on Larak Island caused military and civilian casualties. Iranian state media said Iran then struck U.S. forces in Jordan. A U.S. official confirmed that American forces hit two Iranian launchers on the island, saying they were preparing to fire rockets carrying sea mines into the Strait of Hormuz.
The United States said Sunday that it had conducted air strikes against Iranian rocket launchers on a small island in the Strait of Hormuz, marking its first attack on Iran since late July.
A U.S. official told NBC News that American forces struck two Iranian launchers preparing to place sea mines in the Strait of Hormuz. The action marked the first U.S. attacks in weeks during the Iran war.
US forces struck two Iranian launchers on Larak Island on Sunday, the first known American attack on Iran since late July. Washington said Revolutionary Guard forces were preparing to fire rockets carrying sea mines into the Strait of Hormuz. Iran said civilians were among those killed and wounded and vowed a response and punishment.
A US official said American forces struck two Iranian launchers on Iran’s Larak island. Iran’s Revolutionary Guards said several soldiers and civilians were killed or wounded, warning that Tehran would respond with “response and punishment.”
US forces struck Iranian rocket launchers in the Strait of Hormuz. Iran’s Revolutionary Guard confirmed that Larak Island had been hit and warned, according to Fars, that the attack would draw a retaliatory response.
US forces reportedly attacked rocket launchers on Iran’s Larak Island in the Strait of Hormuz, the first such strike on Iranian territory in more than a month. Iran’s Revolutionary Guards vowed a response that would punish the aggressor.
The US military struck Iran’s Larak Island, killing and injuring several people. The attack was the first US strike in more than a month.
A US official says the US military struck Iran’s Larak Island after observing forces there preparing to launch rockets carrying mines into the Strait of Hormuz. The action marked the first US strikes on Iran in more than a month.
A US official says American forces struck Iranian rocket launchers in the Strait of Hormuz, marking the first US military action there in a month. Iran’s Revolutionary Guards said the attack on Larak Island killed and wounded several Iranian fighters and civilians, and vowed to punish those responsible.
The US struck Iran’s southern Larak Island, targeting launchers that officials said were preparing to fire mine-carrying rockets towards the Strait of Hormuz. Iran’s Revolutionary Guard said several soldiers were killed or injured and vowed retaliation, raising the risk of renewed military confrontation after months of conflict.
Iran’s Revolutionary Guards said a US attack on Larak Island on Sunday killed and wounded several Iranian fighters and civilians. The force vowed to respond and punish those responsible, according to state broadcaster IRIB.
US forces struck two missile launchers on Iran’s southern Larak Island, Axios correspondent Barak Ravid said, citing a US official. He reported that Islamic Revolutionary Guard Corps forces had been preparing rockets carrying sea mines for launch into the Strait of Hormuz. Donald Trump previously said the strait had been fully cleared of mines and that the US would not tolerate further mining.
At least two people were killed and two wounded in a US drone attack on Iran’s Larak Island, Tasnim reported. The agency said the strike took place about an hour earlier, with no official comments immediately available. Earlier reports said US forces hit two missile launchers on the island.
An explosion was heard near Iran’s Larak Island on Sunday, Fars news agency reported, while the cause remained unknown.
The item characterizes the activity as offshore gambling rather than insider trading and raises the question of whether to swap.
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Financial TimesOriginal★★☆☆☆2026-08-31 08:09
Hostilities between the US and Iran resumed after a month when American forces struck Iranian rocket launchers on Larak Island. Iran said it retaliated against US bases in Jordan and the UAE, while state television reported that a supertanker hit two naval mines, caught fire and stopped in the southern Strait of Hormuz.
TThe GuardianOriginal★★★★★2026-08-31 08:01
Iran’s Foreign Ministry says US actions in the Middle East are the only factor destabilizing the Strait of Hormuz and vows to respond to every US action with a “crushing blow.” Earlier reports said US forces struck two Iranian launchers on Larak Island, after which Iran targeted US bases in Jordan.
Iran’s Islamic Revolutionary Guard Corps says a supertanker struck two mines after attempting to use what it called an “illegal route” in the southern Strait of Hormuz. The IRGC Navy warned that vessels violating its safe-passage rules would face the same fate. Details about the ship were not provided.
CENTCOM says the Iranian forces it targeted presented an “imminent threat.” The Strait of Hormuz remains the conflict’s main flashpoint.
Bloomberg News Now highlights a jump in oil prices after US strikes and the continuing US-Canada trade war, alongside other top stories from the day in a regularly updated audio report on global business news.
Oil prices rise as missiles are reported flying across the Gulf, setting the tone for the day ahead in European and global markets.
Oil prices rose and stocks fell after the United States struck Iran, while bitcoin barely moved. Despite the latest escalation in geopolitical tensions, BTC remains August’s best-performing asset.
Oil prices rose on Monday morning as tensions in the Middle East flared again and investors assessed the possibility of a US interest-rate increase, reinforced by Warsh’s hawkish signal.
A Bloomberg News Now audio report covers the day’s leading stories, including a jump in oil prices after US strikes on Iran and an intensifying US-Canada trade war, alongside other global business news.
After roughly a week of saying Washington would shift toward economic warfare against Iran, the U.S. has chosen to resume actual strikes instead.
Asian stock markets fell on Monday after fresh fighting between the United States and Iran pushed oil prices higher. Bond yields also stayed elevated as investors reduced their expectations for a U.S. interest-rate hike.
Bloomberg News Now brings together the day’s leading stories, including new US strikes on Iran and the continuing US-Canada trade war, with updates throughout the day on global business news.
Persian Gulf countries have not restricted regional air traffic despite reports that Iran fired missiles toward US ships in the Strait of Hormuz, a Middle Eastern air traffic service source told TASS. Iranian television reported the missile launch, while other reports said US forces had struck two missile launchers on Iran’s Larak Island.
The U.S. struck Iranian rocket launchers near the Strait of Hormuz. Its last major strikes on Iran took place in late July.
A US official says American forces struck two Iranian launchers on Larak island after Islamic Revolutionary Guard Corps personnel were seen preparing rockets carrying sea mines for the Strait of Hormuz. Iran said the attack killed and wounded soldiers and civilians and vowed a response. Reuters later reported an apparent Iranian attack on US forces in Jordan, with all incoming missiles intercepted.
Iran’s Islamic Revolutionary Guard Corps has vowed retaliation after the U.S. bombed targets in the Strait of Hormuz. In a statement carried by Iran’s state broadcaster, the Guard said several fighters and fellow citizens had been killed and wounded.
US forces struck two Iranian rocket launch sites. The Strait of Hormuz remains the main flashpoint in the conflict.
U.S. forces struck Iranian rocket launchers on Hormuz, marking their first military action in weeks. Iran then fired retaliatory missiles toward Jordan, a U.S. ally, but American forces intercepted them, a source said.
Russian stocks moved higher at the start of Monday’s main trading session, with the MOEX and RTS indices initially gaining 0.1% to 2,136 and 786.08 points. By 10:15 a.m. Moscow time, both had advanced 1.23%, while the yuan traded at 12.918 rubles.
TTASSOriginal★★☆☆☆2026-08-31 07:50
Barclays expects the U.S. Federal Reserve to raise interest rates by 25 basis points in September and again in December, saying Chair Kevin Warsh’s latest remarks pointed to a more hawkish stance.
RReutersOriginal★★☆☆☆2026-08-31 07:50
TAP posted a net loss of almost €100 million in the first half as fuel costs rose. Revenue nevertheless increased by 4%, while passenger numbers reached a record for the period.
EeuronewsOriginal★★☆☆☆2026-08-31 07:47
The yen weakened past ¥160 to the dollar and bond yields climbed to their highest level in three decades as investors increased bets on tighter monetary policy following Warsh’s speech at Jackson Hole.
FFinancial TimesOriginal★★★☆☆2026-08-31 07:32
An official survey indicates that China’s factory activity contracted in August, even as export demand improved and remained strong.
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The Associated PressOriginal★★★☆☆2026-08-31 07:30
China’s manufacturing activity contracted for a second consecutive month, though the decline was smaller than expected. The data adds pressure on Beijing to support an economy that is losing momentum.
Bloomberg News Now highlights a jump in oil prices following US strikes and an intensifying US-Canada trade war, alongside other top global business stories.
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Bloomberg NewsOriginal★★☆☆☆2026-08-31 07:30
Bloomberg News Now highlights a jump in oil prices following US strikes on Iran and an intensifying US-Canada trade war among the day’s leading global business stories.
Renewed hostilities between the United States and Iran have revived questions over whether the conflict is slowly moving toward a settlement or instead heading for further escalation, while highlighting Washington’s frustration with the sluggish pace of sanctions.
Bloomberg News Now presents a brief, continually updated audio report on the day’s leading stories, including a jump in oil prices after US strikes and the continuing US-Canada trade war.
Bloomberg News Now’s audio briefing highlights the continuing US-Canada trade war, Iran’s unfazed trade partners and other leading global business stories, with updates throughout the day.
Bloomberg News Now is a comprehensive audio report of the day’s top stories, including a US military strike after a month and the continuing Canada trade war. It is updated throughout the day with global business news.
China’s data industry reached 6.78 trillion yuan, or about $1 trillion, in 2025, growing 15.7% from the previous year. The 2026 development report said the country had 482,000 data enterprises by the end of the year, up 17.9% year on year.
CChina News ServiceOriginal★★★☆☆2026-08-31 07:24
Yili Group reported first-half 2026 revenue of 64.49 billion yuan, up 4.13% year on year, while core operating profit rose 10% to 8.38 billion yuan. The company plans to repurchase and cancel up to 2 billion yuan of shares and expects overseas business to grow at a double-digit rate for the full year.
CChina News ServiceOriginal★★☆☆☆2026-08-31 07:08
Foreign direct investment in Germany increased 50% in 2025 from the previous year, according to calculations by the German Economic Institute. A surge in inflows from Britain more than offset a steep fall in investment by U.S. companies.
RReutersOriginal★★★☆☆2026-08-31 07:00
China’s six largest state-owned banks recorded simultaneous first-half increases in revenue and net profit for the first time since 2022, according to interim results released last week. Their margins, which had faced pressure for two years, also showed tentative signs of stabilising.
SSouth China Morning PostOriginal★★★☆☆2026-08-31 07:00
Brent crude futures for November 2026 delivery rose more than 2.9% after strikes between the US and Iran in the Middle East. At 5:35 a.m. Moscow time, Brent was up 2.94% at $90.69 a barrel, while WTI futures gained 2.34% to $85.35.
TTASSOriginal★★★★☆2026-08-31 06:45
Despite Kevin Warsh’s hawkish speech on Friday, the probability of a Federal Reserve rate hike in September remains below 60%, at about 58%. Observers are playing down concerns about monetary tightening.
CCoinDeskOriginal★★☆☆☆2026-08-31 06:42
The MOEX Index rose 0.66% to 2,128.83 points when Monday’s morning session opened on the Moscow Exchange. By 7:10 a.m. Moscow time, the gain had narrowed to 0.04%, leaving the index at 2,115.81 points.
TTASSOriginal★★☆☆☆2026-08-31 06:33
Leveraged funds more than doubled their CME XRP net short in a week to about 115.7 million tokens as open interest rose nearly 40%. XRP had meanwhile recovered about 32% from $1 to around $1.38. Dealers and asset managers added net longs, highlighting a sharp split in institutional positioning and leaving leveraged funds more exposed if the rebound continues.
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CryptoSlateOriginal★★☆☆☆2026-08-31 06:30
The dollar held close to a two-week high on Monday as hawkish comments from Federal Reserve Chair Kevin Warsh and renewed Gulf tensions led markets to increase their expectations for a rate hike. The yen remained under pressure near the closely watched 160-per-dollar level.
RReutersOriginal★★★☆☆2026-08-31 06:25
More than 16,000 industrial companies in Hebei have used e-commerce livestreams this year to reach overseas buyers, generating about 21 billion yuan in sales by early July. Manufacturers are hiring domestic and foreign hosts for factory demonstrations; one machinery exporter secured about 50 million yuan in prospective orders, while a Cangzhou firm gets 96% of sales overseas.
CChina News ServiceOriginal★★☆☆☆2026-08-31 06:21
The Indian rupee is expected to open weaker on Monday after investors increased their bets on a Federal Reserve rate hike at the next policy meeting following hawkish remarks from Fed Chair Kevin Warsh. Concerns over oil prices remain.
RReutersOriginal★★☆☆☆2026-08-31 06:05
The Indian rupee is expected to remain under pressure this week as the prospect of a Federal Reserve rate hike compounds the drag from high oil prices. Bonds could face additional selling if economic growth picks up.
Andrew Bailey, head of the world’s financial stability watchdog, has urged G20 countries to address the risks artificial intelligence poses to the financial system, including by controlling the release of new frontier models.
FFinancial TimesOriginal★★★★☆2026-08-31 06:02
India’s equity benchmarks could swing sharply in the final minutes of Monday’s session as investors tracking MSCI indexes rebalance their portfolios. The move will provide the first major test of the country’s new closing auction system.
RReutersOriginal★★☆☆☆2026-08-31 06:00
HDFC Bank shares rose about 2% on Monday after CEO Sashidhar Jagdishan said he would not seek reappointment beyond October. Analysts described the move as a clean break for India’s largest private lender by assets rather than a new source of concern.
RReutersOriginal★★★☆☆2026-08-31 05:45
Shares of HDFC Bank rose after the chief executive of India’s largest private lender unexpectedly announced that he would not seek reappointment.
Taiwan’s financial regulator spent months last year orchestrating one of the most sweeping overhauls of the island’s $1.2 trillion life-insurance giants, shocking even veteran traders.
BBloomberg NewsOriginal★★★☆☆2026-08-31 05:45
China-Kyrgyzstan cooperation in green development has produced the country’s first large-scale solar power station. The Kemin District facility in Chui Region began operating in December 2025 with 193,000 photovoltaic panels, designed to generate about 200 million kilowatt-hours annually, improve power reliability and cut more than 150,000 tonnes of carbon dioxide emissions.
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CGTNOriginal★★★☆☆2026-08-31 05:18
Administrators say Bathla Group could shut by the end of the week unless emergency funding is secured. Teneo, which took control after the developer entered voluntary administration, says some of its 350 head-office staff have gone unpaid for eight weeks, while thousands of customers are left with unfinished homes.
TThe GuardianOriginal★★★☆☆2026-08-31 05:06
Another summer of record heat, drought and wildfires is saddling European governments with costs that will emerge months later through emergency relief, farm compensation, infrastructure repairs, unpaid taxes and food inflation.
EeuronewsOriginal★★★★☆2026-08-31 05:00
Jane Street’s bets on artificial intelligence have gone sour. The item also points to angry Woodford investors, a boom in fund-management deals and Lucian Freud in Denmark.
FFinancial TimesOriginal★★☆☆☆2026-08-31 05:00
Hong Kong remained Asia’s leading city for billionaire residents last year, while mainland Chinese cities rapidly narrowed the gap as the artificial intelligence boom generated new wealth, according to Altrata. Hong Kong ranked second globally behind New York, with Beijing and Shenzhen also placing among the top 15.
SSouth China Morning PostOriginal★★☆☆☆2026-08-31 05:00
France’s heavy debt burden and political gridlock are driving government borrowing costs toward levels not seen since 2008, making the country a prominent example of sovereign debt problems.
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CNBCOriginal★★★☆☆2026-08-31 05:00
Gold futures for August delivery on COMEX fell below $4,450 per troy ounce for the first time since August 19, according to trading data. The price was down 1.86% at $4,445.6 before the decline eased to 1.27%, with gold trading at $4,472.4.
TTASSOriginal★★☆☆☆2026-08-31 04:31
Australian casino operator Star Entertainment reported a larger-than-expected annual loss on Monday and warned that difficult conditions would continue. Weak New South Wales table-game revenue and a pending regulatory penalty weighed on its outlook.
RReutersOriginal★★★☆☆2026-08-31 04:10
US President Donald Trump has called the agreement giving the United States access to Venezuelan oil “the biggest oil deal in world history.” Beyond a social media post by Trump, the White House has offered little information about the arrangement.
EeuronewsOriginal★★★★☆2026-08-31 04:02
BYD shares fell after the automaker released its latest results on Friday. The decline came despite higher second-quarter profit and growth overseas, as intense competition in China weighed on first-half earnings.
CCNBCOriginal★★☆☆☆2026-08-31 04:01
U.S. President Donald Trump is proposing a 50% tariff on cars imported from Canada, targeting Ottawa, but Japan’s Toyota and Honda could ultimately bear the cost.
RReutersOriginal★★★☆☆2026-08-31 04:00
Spending on US projects has surged as national oil companies and traders join the rush for gas assets, pushing dealmaking to its highest level in a decade.
FFinancial TimesOriginal★★☆☆☆2026-08-31 04:00
Boaz Weinstein’s activist campaigns are exposing the strains affecting a centuries-old investment-trust model.
FFinancial TimesOriginal★★☆☆☆2026-08-31 04:00
The emergence of a truly multipolar currency market depends on whether governments are willing to embrace technology and strengthen their financial markets.
FFinancial TimesOriginal★★☆☆☆2026-08-31 04:00
UK neobank Allica is looking to Sweden to accelerate its European expansion and challenge Scandinavian incumbents that have tightened lending to riskier borrowers.
FFinancial TimesOriginal★★☆☆☆2026-08-31 04:00
Crypto firms have spent a record $640mn repurchasing their own tokens, using a strategy similar to equity-market buybacks as the digital-assets sector endures a prolonged slump.
FFinancial TimesOriginal★★☆☆☆2026-08-31 04:00
London’s junior AIM market is facing an existential crisis as depressed valuations, weak investor appetite and changes to inheritance tax undermine its appeal.
FFinancial TimesOriginal★★☆☆☆2026-08-31 04:00
Asset managers say institutional investors seeking exposure to hard assets are showing growing interest in shipping, as the conflict in the Middle East lifts returns in the sector.
FFinancial TimesOriginal★★☆☆☆2026-08-31 04:00
Fed Chair Kevin Warsh’s hawkish position strengthened expectations that the Federal Open Market Committee will maintain a relatively tighter policy stance at its September meeting.
CCNBCOriginal★★★☆☆2026-08-31 03:47
China’s three largest state-owned airlines reported losses for the seventh straight year in the first half, hit hard by surging jet-fuel prices. A lacklustre summer season is also clouding the outlook for the remainder of the year.
RReutersOriginal★★★☆☆2026-08-31 03:10
TASS calculations based on Ukrainian Finance Ministry data indicate that Ukraine could run out of money for military salaries by mid-October unless budget amendments secure at least $6.75 billion for the armed forces. Keeping combat operations at the current level would require about $20 billion, while external borrowing is being considered as the only financing source.
TTASSOriginal★★★☆☆2026-08-31 03:02
China’s disappointing economic data and Federal Reserve chairman Kevin Warsh’s hawkish tone at Jackson Hole are pushing the Chinese and US bond markets further apart. Concerns over fiscal sustainability are also weighing on Treasuries, while China’s 10-year government bond yield fell to 1.692 per cent on Monday, nearing a one-year low.
SSouth China Morning PostOriginal★★★☆☆2026-08-31 03:00
The leaders of one of Europe’s largest buyout firms say a renewed focus on regulation will help prevent a repeat of problems such as price-gouging involving the NHS.
FFinancial TimesOriginal★★☆☆☆2026-08-31 03:00
Jio Platforms, India’s largest digital and telecom operator, has received regulatory approval to pursue an initial public offering. Another major listing, by the National Stock Exchange, is still waiting for regulatory clearance.
CCNBCOriginal★★★☆☆2026-08-31 02:35
India’s tourism figures are booming, but the growth appears not to be matched by an influx of foreign visitors.
BBloomberg NewsOriginal★★☆☆☆2026-08-31 02:30
Treasury Secretary Scott Bessent said the US plans to impose new sanctions every week on entities cooperating with Iran to increase pressure on Tehran. Banks will be targeted first, and he plans to warn G20 finance officials that ties with Iran could bring sanctions. Washington also threatens secondary sanctions and loss of dollar access for countries that do not comply, while Bessent says he wants to avoid a confrontation that could damage the global financial system.
TTASSOriginal★★★★☆2026-08-31 02:09
U.S. Treasury Secretary Scott Bessent told Reuters on Sunday that the Treasury Department is likely to announce new secondary sanctions each week to increase economic pressure on Iran, initially focusing on banks.
General Motors workers in Canada approved a contract that adds truck production at the company’s Ontario plant. The agreement comes as Canada’s auto sector contends with 25% US duties on vehicles.
RReutersOriginal★★★☆☆2026-08-31 02:00
Hong Kong has long been a centre for gold jewellery, with duty-free shopping and proximity to a major consuming market helping brands attract buyers worldwide. Officials’ plan to turn the city into a global trading hub comparable to New York and London initially drew scepticism, but doubts began to ease as the effort showed signs of progress.
SSouth China Morning PostOriginal★★☆☆☆2026-08-31 01:00
The US has turned to Alejandro Betancourt, a wily and divisive insider, to help develop Venezuela’s oil reserves. He is portrayed as the potential figure Trump would rely on as a “viceroy” in the country.
FFinancial TimesOriginal★★★☆☆2026-08-31 00:58
A new agreement between Caracas and Washington would give US companies access to more than a fifth of Venezuela’s vast oil reserves. The deal faces opposition in Venezuela and questions over its legality, while the country’s interim leader says it will support economic recovery.
Venezuela’s acting president says the country will retain “sovereignty” over its oil reserves despite a deal with the United States. The stated aim is to turn the underground resources into a source of social and economic well-being for Venezuelans.
Donald Trump said the United States would use Venezuelan oil to refill its Strategic Petroleum Reserve, calling it a “gift from Venezuela to the people of the United States.”
Donald Trump says the US administration plans to use oil obtained through its deal with Venezuela to refill the Strategic Petroleum Reserve. He said the “topping out” process would begin shortly and called it a gift from Venezuela to Americans. Trump also said the August 28 agreement secured majority US control of more than 65 billion barrels of Venezuela’s proven reserves.
President Donald Trump said Sunday that the US plans to use its newly asserted control over billions of barrels of Venezuelan crude to replenish the nation’s depleted emergency reserve.
Trump said a Venezuelan oil “gift” would replenish US reserves. He also claimed Canadian businesses are rapidly relocating to the United States as trade hostilities between the neighbouring countries intensify.
US President Donald Trump says oil from a recently announced deal with Venezuela will replenish the Strategic Petroleum Reserve, with the “topping out” process starting soon. He called the oil a “Gift from Venezuela to the People of the United States” and blamed Joe Biden for leaving the reserve “virtually” empty. The timing and short-term benefit remain unclear. Venezuela’s interim President Delcy Rodriguez said the 25-year agreement would develop its oil industry while preserving ownership and sovereignty over its resources.
Venezuelan President Nicolas Maduro, who is being held in a US prison, posted a smiling photo of himself in a gray tracksuit and addressed a message of love and hope to his grandchildren, children and supporters. Maduro and his wife face alleged drug-trafficking charges in a US federal court and have pleaded not guilty.
Venezuela’s interim president, Delcy Rodríguez, defended her government’s controversial energy agreement with Donald Trump, saying Venezuela would retain ownership and sovereignty over its oil reserves. The deal reportedly gives Washington control of 65bn barrels, prompting outrage among opposition figures and leftwing protesters in Caracas.
Sen. Ted Cruz renewed his call for free and fair elections in Venezuela to be held rapidly, two days after Trump announced that the U.S. would take over 65 billion barrels of oil.
US President Donald Trump says the Strategic Petroleum Reserve will be replenished with Venezuelan oil. He made the announcement after unveiling what he called an unprecedented US effort to take control of a fifth of Venezuela’s vast oil reserves, adding that the process would begin shortly.
Controversial Venezuelan executive Alejandro Betancourt is courting investors after the Trump oil deal. He is the US minority partner in a company that will control more than 65bn barrels of oil reserves.
US President Donald Trump described the agreement as “the biggest oil deal in world history.” Venezuela’s interim president said the 25-year accord covers 65 billion barrels of Venezuelan oil and is intended to develop the country’s oil industry while preserving its ownership and sovereignty over the resources.
Interim President Delcy Rodriguez has defended a deal to transfer 65 billion barrels of Venezuelan oil to the United States in a televised address. She said Venezuela retains sovereignty despite pressure on Caracas to meet Washington’s demands since the US abducted President Nicolas Maduro in January.
The US and Canada remain locked in a trade dispute with no settlement in sight. US tariffs target Canadian steel, aluminium, lumber and automobiles, while Canada has announced dollar-for-dollar and strategic counter-tariffs. Ontario and Quebec face the greatest impact in Canada, while Ohio, Illinois and Pennsylvania are among the US states most exposed.
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BBC NewsOriginal★★★★☆2026-08-31 00:05
K-beauty company APR is speeding up its U.S. retail expansion with a Costco launch planned for September. Its shares have risen nearly 100% this year.
CCNBCOriginal★★☆☆☆2026-08-30 23:55
U.S. Treasury Secretary Scott Bessent said Sunday that recent moves in the yen were “pretty well contained,” indicating that its renewed slide was not viewed as the kind of disorderly trading that prompted a rare joint Japan-U.S. intervention last month.
RReutersOriginal★★★☆☆2026-08-30 23:35
In his Sunday column for Investing Club subscribers, Jim Cramer examines the connection between Nvidia’s stock, the oil market and the Federal Reserve to explore what drove the company’s sharp reversal on Friday.
CCNBCOriginal★★☆☆☆2026-08-30 23:26
U.S. Treasury Secretary Scott Bessent said he would urge G20 members to reconsider their trade terms with China to reduce global imbalances and press Beijing to shift its economy away from exports toward greater domestic consumption.
RReutersOriginal★★★★☆2026-08-30 23:25
Escalating China-US trade friction has not slowed corporate activity between the two economies. Citi says revenue on its North America-China corridor remains steady, while mainland Chinese companies are turning to risk-hedging strategies and global financial institutions to manage financial friction and complex supply chains and defend their global market share.
SSouth China Morning PostOriginal★★★☆☆2026-08-30 23:00
Georgia’s Kulevi oil refinery has completely stopped processing Russian crude and switched to supplies from Kazakhstan and Libya, Georgian media outlet bm.ge reported. The first Libyan shipment arrived on August 28, while Georgia imported 5,500 tons of Kazakh crude in July. The refinery’s owner had announced the planned change in July.
TTASSOriginal★★★☆☆2026-08-30 20:55
Aon is close to a roughly $17 billion acquisition of insurance broker USI from KKR, including the assumption of debt, The Wall Street Journal reported.
CCNBCOriginal★★☆☆☆2026-08-30 20:46
Aon Plc is nearing a deal to buy USI Insurance Services from private equity firm KKR for roughly $17 billion, including debt, the Wall Street Journal reported Sunday, citing people familiar with the matter.
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