Latest — Minutes

Uber lays off 3,300 employees in largest cuts since the pandemic

Uber has cut 3,300 jobs, or 10 percent of its workforce, its biggest workforce reduction since the COVID-19 pandemic began. CEO Dara Khosrowshahi said the move will reduce management layers and simplify teams while supporting investment in autonomous driving, drivers, couriers and merchants. The company is also pushing most employees back to the office.

Companies & industryUberlayoffsautonomous vehicles

AAl JazeeraOriginal★★★☆☆2026-09-02 16:55

Uber lays off 3,300 employees in largest cuts since the pandemic

BP gets the chair it wants rather than the one it needed

Ian Tyler can shore up the rest of BP’s board by seeking directors with the traits and competencies he lacks.

Energy & commodities Companies & industryBPboard chaircorporate governance

FFinancial TimesOriginal★★☆☆☆2026-09-02 16:49

BP gets the chair it wants rather than the one it needed

Arbitrum DAO reports $6.2 million in first-half income as Robinhood Chain adds new revenue stream

Arbitrum DAO reported $6.2 million in income for the first half of the year. Licensing fees made up 35% of the DAO’s July income, the first month Robinhood Chain was live on mainnet.

Crypto Companies & industryArbitrum DAORobinhood ChainBlockchain

TThe BlockOriginal★★☆☆☆2026-09-02 16:00

Arbitrum DAO reports $6.2 million in first-half income as Robinhood Chain adds new revenue stream

Novak: OPEC+ has no plans to discuss new oil production cuts

OPEC+ is not currently planning to consider new voluntary oil production cuts because the global market is already experiencing a supply deficit, Russian Deputy Prime Minister Alexander Novak said. Seven OPEC+ countries will review market conditions and implementation of the agreement on September 6.

Energy & commodities Companies & industryOPEC+oil marketoil production

TTASSOriginal★★★☆☆2026-09-02 15:39

Novak: OPEC+ has no plans to discuss new oil production cuts

Australians buy EVs instead of holidaying in Europe: what the national accounts show

Australian Bureau of Statistics figures show real GDP grew 0.4% in the June quarter, while annual growth slowed from 2.5% to 2.1%. Middle East conflict and high fuel prices dampened overseas travel; record EV and hybrid sales supplied three-quarters of quarterly consumption growth. Per-person GDP fell 0.1%, underscoring continuing cost-of-living pressure.

Macro & central banks Companies & industryAustralia economyGDP growthelectric vehiclescost of living

TThe GuardianOriginal★★★☆☆2026-09-02 15:00

Australians buy EVs instead of holidaying in Europe: what the national accounts show

Uber to cut 10% of workforce in push for a ‘simpler and faster’ company

Uber plans to eliminate about 10% of its workforce and nearly halve the size of small teams. Around 1% of employees will be allowed to continue working remotely.

Companies & industryUberworkforce cutsremote work

CCNBCOriginal★★★☆☆2026-09-02 14:47

Uber to cut 10% of workforce in push for a ‘simpler and faster’ company

Bitcoin hits a $77,000 wall as weak jobs data fails to derail Fed hike bets

Bitcoin fell below $77,000 as softer US labor data failed to overturn expectations of another Federal Reserve rate increase. With oil near $90, Treasury yields rising and September hike odds reaching 66%, the cryptocurrency faces mounting macro pressure. US spot Bitcoin ETFs also saw $236.46 million in net outflows on Sept. 1.

Macro & central banks Energy & commodities Crypto Companies & industryBitcoinFederal Reserveoil pricesrate hike expectations

CCryptoSlateOriginal★★★☆☆2026-09-02 13:00

Bitcoin hits a $77,000 wall as weak jobs data fails to derail Fed hike bets

Uber plans 10% workforce cut to trim management layers

Uber Technologies said it will eliminate about 3,300 jobs, or roughly 10% of its workforce, in a restructuring designed to remove management layers, consolidate teams and cut costs.

Companies & industryUberjob cutscorporate restructuring

RReutersOriginal★★★☆☆2026-09-02 12:45

Uber plans 10% workforce cut to trim management layers

Adam Back invests another $8.8 million in Capital B as bitcoin treasury firm targets 3,521 BTC

French bitcoin treasury firm Capital B raised $8.8 million from Adam Back through a private placement as it targets holding 3,521 BTC.

Crypto Companies & industryCapital BAdam BackBitcoin

TThe BlockOriginal★★☆☆☆2026-09-02 12:31

Adam Back invests another $8.8 million in Capital B as bitcoin treasury firm targets 3,521 BTC

Capital B plans to add 376 BTC to treasury after $8.8 million Adam Back investment
Euronext Growth Paris-listed Capital B plans to add 376 BTC to its bitcoin treasury following an $8.8 million investment from Adam Back. The company issued 13,181,030 shares at 58 euro cents each, with four warrants attached to every share, according to a Wednesday filing.
Capital BBitcoinCrypto investment
CCoinDesk★★☆☆☆2026-09-02 11:45Original

Trump to Levy More Chip Tariffs, Exemptions for US Manufacturing

The Trump administration is considering a new round of tariffs on imported semiconductors, potentially raising duties on foreign chips to attract more manufacturing to the US. Commerce Secretary Howard Lutnick said the plan could include exemptions for US manufacturing.

Trade & sanctions Companies & industry Tech & AIUnited StatesDonald Trumpsemiconductor tariffsmanufacturing

BBloomberg NewsOriginal★★★☆☆2026-09-02 12:30

Trump to Levy More Chip Tariffs, Exemptions for US Manufacturing

Tesla’s China-made EV sales extend growth streak, but momentum fades

Sales of Tesla’s China-made electric vehicles rose 3.6% year on year in August, extending their growth streak but slowing sharply from the previous month. Diverging trends continued across the U.S. automaker’s major markets.

Companies & industryTeslaChina EVsvehicle sales

RReutersOriginal★★☆☆☆2026-09-02 12:15

Tesla’s China-made EV sales extend growth streak, but momentum fades

The US is gobbling up Venezuelan oil, but will it lower fuel prices?

Analysts say Venezuela’s heavy, sour crude is expensive to extract and refine and is unlikely to quickly replace supplies disrupted by the Strait of Hormuz blockade. The Trump administration’s deal would give the US control of more than 65 billion barrels through a joint venture, but US crude prices have risen since it was announced.

Energy & commoditiesUnited StatesVenezuelaoilfuel prices

AAl JazeeraOriginal★★★★☆2026-09-02 11:43

The US is gobbling up Venezuelan oil, but will it lower fuel prices?

Who is Trump's Venezuela go-between?
Wednesday’s press review examines the shadowy Venezuelan magnate who brokered the Washington–Caracas oil deal. The Pacific Islands Forum’s climate discussions are overshadowed by China’s anger over Taiwan’s presence, while the Bayeux Tapestry returns to Britain after nearly a millennium, possibly carrying some salacious secrets.
VenezuelaUnited Statesoil dealPacific Islands ForumBayeux Tapestry
FFrance 24★★☆☆☆2026-09-02 10:22Original
US energy secretary vows oil output will double on visit to Venezuela
US Energy Secretary Chris Wright arrived in Venezuela on Tuesday ahead of a ceremony for a landmark oil agreement between Washington and Caracas. The deal would establish a US-created and controlled private company holding 65 billion barrels in proven reserves, while seeking to attract further US energy investment despite major challenges.
VenezuelaUnited Statesoil dealenergy investment
FFrance 24★★★★☆2026-09-02 09:17Original
US company granted 100-year rights to Venezuelan oil fields, sparking confusion and anger
A US-led company has been granted 100-year extraction rights at 17 Venezuelan oil fields containing 65 billion barrels. Donald Trump called the agreement the “biggest oil deal in world history,” while interim President Delcy Rodríguez cited promised investment and tax revenue. Opposition figures and Venezuelan socialists condemned it as a surrender of national assets.
Venezuelaoil dealDonald Trumpenergy politics
BBBC Chinese★★★★☆2026-09-02 08:59Original

Uber to Cut About 10% of Global Staff in Massive Restructuring

Uber is cutting about 10% of its global workforce in a major restructuring designed to reduce management layers and redirect spending toward its ride-sharing, delivery and robotaxi businesses.

Companies & industry Tech & AIUberstaff cutsrestructuringrobotaxis

BBloomberg NewsOriginal★★★☆☆2026-09-02 11:40

Uber to Cut About 10% of Global Staff in Massive Restructuring

Berkshire CEO Abel calls Alphabet a significant AI player after Q2 stake increase

Berkshire CEO Abel said Alphabet is a significant player in artificial intelligence after Berkshire increased its stake in the company during the second quarter.

Markets Companies & industry Tech & AIBerkshire HathawayAlphabetartificial intelligencestock investment

CCNBCOriginal★★☆☆☆2026-09-02 11:33

Berkshire CEO Abel calls Alphabet a significant AI player after Q2 stake increase

Kenya shifts to electric cars as fuel prices soar 50%

Locally made electric vehicles are gaining popularity in Kenya as fuel prices climb by 50%. With more people considering electric cars, domestic companies are increasing their efforts to assemble EVs locally.

Energy & commodities Companies & industryKenyaelectric vehiclesfuel prices

FFrance 24Original★★☆☆☆2026-09-02 11:19

Kenya shifts to electric cars as fuel prices soar 50%

AirAsia launches first codeshare partnership with Pegasus Airlines

Malaysia’s AirAsia has formed its first codeshare partnership with Turkish low-cost carrier Pegasus Airlines, creating connections between Southeast Asia and Europe through Istanbul.

Companies & industryAirAsiaPegasus Airlinescodeshareaviation

RReutersOriginal★★☆☆☆2026-09-02 11:10

AirAsia launches first codeshare partnership with Pegasus Airlines

Berkshire CEO Greg Abel says Japanese bond yields are not challenging trading houses right now

Speaking on CNBC’s “Squawk Box,” Berkshire CEO Greg Abel said Japanese bond yields remain relatively low and are not currently a challenge for trading houses.

Markets Companies & industryBerkshire HathawayJapanese bondsTrading houses

CCNBCOriginal★★☆☆☆2026-09-02 11:09

Berkshire CEO Greg Abel says Japanese bond yields are not challenging trading houses right now

Chevron pledges $7bn investment to double Venezuela output

US energy major Chevron has pledged $7bn to expand its joint ventures in Venezuela and double production, as the White House presses for a substantial increase in the country’s output.

Markets Energy & commodities Companies & industryChevronVenezuelaoil productionenergy investment

FFinancial TimesOriginal★★★☆☆2026-09-02 10:56

Chevron pledges $7bn investment to double Venezuela output

Chevron to expand Venezuela operations with $7 billion investment, more than doubling production
Chevron says it will expand its operations in Venezuela through a $7 billion investment that will more than double production.
ChevronVenezuelaoil investment
CCNBC★★★☆☆2026-09-02 10:48Original
US oil giant Chevron confirms it will expand operations in Venezuela
Chevron says it will expand its operations in Venezuela, days after President Donald Trump announced an ambitious agreement to develop the country’s oil reserves and give the Pentagon a share of the profits.
ChevronVenezuelaoil operationsDonald Trump
TThe Associated Press★★★☆☆2026-09-02 10:37Original
U.S. could control 20% of Venezuela's oil reserves, but Canada's oilpatch isn't worried
U.S. President Donald Trump is pressing ahead with efforts to tap Venezuela's oil wealth, announcing a new deal intended to raise production there. He is also presenting a possible U.S. controlling stake in part of Venezuela's reserves as a warning to Canada, while experts say Western Canada's oil industry has little reason for concern.
VenezuelaoilDonald TrumpCanada
CCBC News★★★☆☆2026-09-02 08:00Original
Chevron set to expand in Venezuela as US energy secretary lands in Caracas
Chevron is expected to announce an expansion of its Venezuelan operations on Wednesday. The move follows parliament’s approval of Washington taking control of a fifth of the country’s oil reserves, while US Energy Secretary Chris Wright arrives in Caracas to sign the agreement.
VenezuelaChevronoilUS energy policy
Eeuronews★★★★☆2026-09-02 07:55Original

Strategy CEO says selling bitcoin at $60,000 before buying at $80,000 was the ‘right trade’

Strategy CEO Phong Le defended the company’s decision to sell bitcoin at $60,000 and later buy it back at $80,000, pointing to corporate capital costs.

Trade & sanctions Crypto Companies & industryBitcoinStrategycryptocurrency

TThe BlockOriginal★★☆☆☆2026-09-02 10:26

Strategy CEO says selling bitcoin at $60,000 before buying at $80,000 was the ‘right trade’

Walmart’s Sam’s Club accelerates China expansion as membership tops 10.7 million

Walmart-owned Sam’s Club is speeding up its China expansion, opening its sixth Beijing outlet on Monday amid long queues. The membership warehouse retailer said it had 10.7 million paid members in China as of June, with value pricing and exclusive products drawing middle-class shoppers while some foreign brands close stores or leave the market.

Companies & industrySam’s ClubWalmartChina retailBeijing

SSouth China Morning PostOriginal★★☆☆☆2026-09-02 10:00

Walmart’s Sam’s Club accelerates China expansion as membership tops 10.7 million

China sees robust air-travel demand this summer

China’s civil aviation sector carried 151 million passenger trips from July 1 to August 31, up 2.9% year on year. Beijing Capital International Airport handled more than 14 million summer travelers, while international and regional traffic reached its highest level since 2020. European arrivals to China surpassed 1.41 million from July 1 to August 25, rising over 25%.

Companies & industryChina aviationsummer travelpassenger trafficinternational tourism

CCGTNOriginal★★★☆☆2026-09-02 09:56

China sees robust air-travel demand this summer

El Niño May Force Major Drop in Indonesian Nickel Production

An El Niño-driven drought is reducing water supplies to smelters, potentially forcing Indonesia’s largest nickel complex to cut output by as much as 40%.

Companies & industryIndonesianickelEl Niñodrought

BBloomberg NewsOriginal★★★☆☆2026-09-02 09:30

El Niño May Force Major Drop in Indonesian Nickel Production

BYD and Leapmotor buck EV slowdown as pressure mounts on smaller rivals

BYD and Leapmotor increased their sales last month despite a contraction in China’s electric-vehicle market caused by weaker consumer demand. Analysts expected smaller automakers to suffer declining sales and growing losses through the rest of the year as competition intensified. BYD reported August sales of 440,293 vehicles, up 17.8% year on year and its highest level in nine months.

Companies & industryBYDLeapmotorEV marketChina auto industry

SSouth China Morning PostOriginal★★☆☆☆2026-09-02 09:16

BYD and Leapmotor buck EV slowdown as pressure mounts on smaller rivals

Eneos acquisitions test Japanese oil giant’s global ambitions

Cash-rich Japanese refiner Eneos Holdings is pushing to expand overseas as demand in its home market declines. The acquisitions will test whether it can broaden its revenue base and manage assets abroad.

Energy & commodities Companies & industryEneos HoldingsJapan oil industryoverseas expansion

RReutersOriginal★★☆☆☆2026-09-02 09:05

Eneos acquisitions test Japanese oil giant’s global ambitions

Volvo Cars June-August sales volumes down 7.4% year-on-year

Volvo Cars said it sold 148,239 cars between June and August, a 7.4% decline from the same period last year.

Companies & industryVolvo Carscar salesSweden

RReutersOriginal★★☆☆☆2026-09-02 08:50

Volvo Cars June-August sales volumes down 7.4% year-on-year

Spain sheds almost 163,000 jobs in August as unemployment rises

Spain lost 162,840 jobs in August, while 44,419 people registered as unemployed. The decline was the smallest August fall since the Covid-19 pandemic.

Macro & central banks Companies & industrySpainemploymentunemployment

EeuronewsOriginal★★★☆☆2026-09-02 08:44

Spain sheds almost 163,000 jobs in August as unemployment rises

BP appoints Ian Tyler as permanent chair after boardroom turmoil

British energy giant BP has appointed Ian Tyler as its permanent chair after his predecessor was abruptly removed in May amid concerns over governance and conduct.

Energy & commodities Companies & industryBPchair appointmentcorporate governance

EeuronewsOriginal★★★☆☆2026-09-02 08:42

BP appoints Ian Tyler as permanent chair after boardroom turmoil

BP appoints former Balfour Beatty CEO Ian Tyler as chair
BP has named Ian Tyler, the former chief executive of construction group Balfour Beatty, as its permanent chair. The appointment follows the company’s dismissal of Albert Manifold in May over governance and conduct concerns.
BPchair appointmentcorporate governance
RReuters★★☆☆☆2026-09-02 08:30Original
BP appoints new chair after contentious ousting of Albert Manifold in May
BP has appointed interim chair Ian Tyler to the permanent role, effective immediately, after Albert Manifold was abruptly removed in late May. BP cited unacceptable governance oversight and conduct issues, while Manifold disputed the allegations. Tyler says he will lead the board’s evolution as the company shifts its strategy back toward fossil-fuel extraction and away from renewable-energy investments.
BPchair appointmentcorporate governanceenergy strategy
TThe Guardian★★★☆☆2026-09-02 07:59Original
Oil major BP completes chair search after boardroom turmoil
BP formally appointed Ian Tyler as chair on Wednesday, following the surprise dismissal of former chairman Albert Manifold that triggered turmoil in the boardroom.
BPchair appointmentcorporate governance
CCNBC★★☆☆☆2026-09-02 06:21Original
BP names Ian Tyler as chair
UK oil major BP has appointed Ian Tyler as chair, following the removal of Albert Manifold and the departure of the interim chair from the role.
BPchair appointmentcorporate governance
FFinancial Times★★☆☆☆2026-09-02 06:09Original

Video: US energy chief arrives in Venezuela to sign controversial oil deal

US Energy Secretary Chris Wright has arrived in La Guaira to sign an agreement that would give the United States effective control of a large share of Venezuela’s oil reserves. Wright praised the deal, while critics compared it with arrangements imposed by colonial powers.

Energy & commodities Companies & industryUnited StatesVenezuelaoil deal

AAl JazeeraOriginal★★★★☆2026-09-02 08:26

Video: US energy chief arrives in Venezuela to sign controversial oil deal

Lululemon latest brand to bet on resale as second-hand clothing grows

Lululemon has launched a resale website in Canada, giving shoppers a way to save on its athletic apparel. The expansion is centered on a 25,000-square-foot processing hub in Calgary.

Companies & industryLululemonresalesecond-hand clothingCanada

CCBC NewsOriginal★★☆☆☆2026-09-02 08:00

Lululemon latest brand to bet on resale as second-hand clothing grows

Chinese carmakers eye full-hybrid market; BYD posts US$1.2 billion profit: 7 EV reads

A roundup of electric and new-energy vehicle coverage from the past two weeks highlights Chinese carmakers’ push into the full-hybrid market, where international brands have held sway, along with BYD’s US$1.2 billion profit.

Companies & industryChinese carmakershybrid vehiclesBYDelectric vehicles

SSouth China Morning PostOriginal★★☆☆☆2026-09-02 07:30

Chinese carmakers eye full-hybrid market; BYD posts US$1.2 billion profit: 7 EV reads

US energy secretary says Venezuela oil output will more than double in coming years

After arriving in Venezuela on Tuesday, U.S. Energy Secretary Chris Wright said agreements that U.S. and other foreign oil companies are due to sign in Caracas the next day will drive crude production to more than twice its current level over the next few years.

Energy & commodities Companies & industryVenezuelaoil productionU.S. energy policy

RReutersOriginal★★★☆☆2026-09-02 06:10

US energy secretary says Venezuela oil output will more than double in coming years

EXCLUSIVE: Susquehanna eyes Hong Kong expansion to tap China’s ETF boom, sources say

Susquehanna International Group plans to triple its Hong Kong office space to support a major hiring drive, according to four sources. The U.S. trading firm is expanding its Asian operations and seeking deeper access to China’s exchange-traded fund market.

Markets Companies & industrySusquehannaHong KongChina ETFsbusiness expansion

RReutersOriginal★★☆☆☆2026-09-02 05:40

EXCLUSIVE: Susquehanna eyes Hong Kong expansion to tap China’s ETF boom, sources say

WorldVenezuela hands US control of a fifth of its oil in landmark deal

Venezuela’s parliament has approved giving the United States control over a fifth of the country’s oil reserves, reinforcing Washington’s hold over a government the report says it helped install after President Nicolas Maduro was toppled in January.

VenezuelaUnited Statesoilpolitics

EeuronewsOriginal★★★★☆2026-09-02 05:13

Venezuela hands US control of a fifth of its oil in landmark deal

Venezuela's assembly backs oil deal announced with U.S.
Venezuela’s ruling party-dominated National Assembly voted on Tuesday to support the country’s oil deal with the Trump administration, ahead of a visit to Caracas by the U.S. energy secretary.
Venezuelaoil dealUS government
RReuters★★★☆☆2026-09-01 23:50Original
US energy secretary to travel to Venezuela to unveil oil arrangement
Venezuela’s National Assembly approved a 65-billion-barrel oil arrangement even though its terms have not been published. US Energy Secretary Chris Wright is expected to visit Venezuela as the Trump administration advances the controversial deal, which would give the US access to part of the country’s proven reserves and involve a partnership to develop 17 oil fields. Critics liken it to agreements imposed by colonial powers.
United StatesVenezuelaoil dealenergy policy
AAl Jazeera★★★★☆2026-09-01 21:54Original
Remarkable US oil deal puzzles analysts and angers many Venezuelans
The US and Venezuela have signed a Caracas agreement giving a US-led company 100-year concessions over 17 oilfields containing 65 billion barrels of crude. Donald Trump and interim President Delcy Rodríguez hailed it as historic, but critics called the terms one-sided and colonialist, while experts questioned the proposed timetable and how the oil revenue would be managed.
US-Venezuela relationsoil dealenergy marketsVenezuela
BBBC News★★★★☆2026-09-01 21:27Original
US defends Venezuela deal as Chevron prepares to expand operations
The Trump administration is defending an agreement with Venezuela as a means of pushing Chinese and Russian rivals out of oilfields in “our hemisphere”. Chevron is preparing to expand its operations in the country.
United StatesVenezuelaChevronOil
FFinancial Times★★★★☆2026-09-01 20:48Original
US firm to take over some Venezuela oilfields previously run by Chinese, Russian firms
The White House said it is partnering with North American Blue Energy Partners as Donald Trump seeks greater access to Venezuela’s oil industry. The arrangement would give the Pentagon a stake in fields representing about one-fifth of the country’s vast oil reserves. Venezuela’s ruling-party-dominated National Assembly approved the oil deal with the Trump administration on Tuesday.
VenezuelaoilDonald TrumpUS companies
FFrance 24★★★★☆2026-09-01 19:00Original
Alejandro Betancourt: the controversial Venezuelan oil tycoon Trump is backing
US President Donald Trump announced a new deal with Venezuela on Friday, calling it “the biggest oil deal in world history” and saying it involved “65 billion barrels of oil”. Washington is rumoured to be partnering with controversial Venezuelan oil tycoon Alejandro Betancourt, who built his fortune under the Chavista regime.
Venezuelaoil dealDonald TrumpAlejandro Betancourt
FFrance 24★★★☆☆2026-09-01 15:05Original
Who is Alejandro Betancourt, ex-Chavez ally now Trump’s Venezuela oil man?
Controversial Venezuelan businessman Alejandro Betancourt, who built his fortune through contracts awarded during Hugo Chavez’s presidency and has faced alleged money-laundering investigations, has been chosen by the Trump administration to lead a new US-backed oil venture. Washington plans to take a 35 percent passive stake in his North American Blue Energy Partners as it seeks to expand Venezuelan production.
Venezuela oilTrump administrationAlejandro Betancourt
AAl Jazeera★★★★☆2026-09-01 14:17Original

Morning Bid: Who will police the bond vigilantes?

Gregor Stuart Hunter looks ahead to the day in European and global markets, asking who will police the “bond vigilantes.”

Markets Companies & industryEuropean marketsglobal marketsbonds

RReutersOriginal★★☆☆☆2026-09-02 05:00

Morning Bid: Who will police the bond vigilantes?

Taiwan says companies plan another $20 billion investment in US

Taiwanese companies are planning to invest a further $20 billion in the United States, Taiwan’s economy minister said, citing demand for artificial intelligence applications. The minister gave no details, while a visiting U.S. official responded warmly.

Markets Companies & industry Tech & AITaiwanUnited Statesartificial intelligenceinvestment

RReutersOriginal★★★☆☆2026-09-02 04:50

Taiwan says companies plan another $20 billion investment in US

Bitcoin withstands $90 oil and rising yields as gold slides; firm dollar is the catch

Bitcoin trades choppily as $90 oil and rising bond yields pressure stocks and gold. The firm dollar remains a constraint for the market.

Markets Energy & commodities Crypto Companies & industryBitcoinoil pricesbond yieldsgold

CCoinDeskOriginal★★☆☆☆2026-09-02 04:40

Bitcoin withstands $90 oil and rising yields as gold slides; firm dollar is the catch

Cuba’s tourism plummets 62% after US pressure and energy embargo

Cuba’s tourism industry has plunged as the United States intensifies pressure on the island this year. Official figures show visitor numbers fell 62% from January through July compared with the same period in 2025.

Energy & commodities Trade & sanctions Companies & industryCuba tourismUS pressureenergy embargo

TThe Associated PressOriginal★★★☆☆2026-09-02 04:30

Cuba’s tourism plummets 62% after US pressure and energy embargo

Russian carmaker Moskvich plans to produce over 20,000 cars in 2026

Moskvich plans to produce more than 20,000 vehicles in 2026, including 5,000-6,000 M70 and M90 cars, CEO Elena Frolova said. She expects September sales to reach 1,200-1,500 vehicles after about 1,200 in August, while production continues to rise steadily.

Companies & industryRussian auto industryMoskvichvehicle production

TTASSOriginal★★☆☆☆2026-09-02 04:27

Russian carmaker Moskvich plans to produce over 20,000 cars in 2026

Coal production in Russia’s Yakutia rises 2.6-fold over five years

Coal output in Russia’s Yakutia has grown 2.6-fold over five years to nearly 52 million metric tons, regional head Aysen Nikolayev said. Gold production rose 1.3-fold, while oil and gas output also increased significantly and electricity generation climbed 10%.

Energy & commodities Companies & industryYakutiacoal productionenergyRussia

TTASSOriginal★★☆☆☆2026-09-02 04:20

Coal production in Russia’s Yakutia rises 2.6-fold over five years

Online sales may make up about one-third of Russian retail by 2030

Russian Deputy Industry and Trade Minister Roman Chekushov said online sales could account for about 33% to 35% of the country’s retail trade by 2030. E-commerce turnover reached 13.2 trillion rubles in 2025, or 21% of retail sales. He added that the ministry plans to develop all forms of trade, while brick-and-mortar outlets grew by 80,000 over five years.

Companies & industryRussiae-commerceretailEastern Economic Forum

TTASSOriginal★★☆☆☆2026-09-02 04:11

Online sales may make up about one-third of Russian retail by 2030

A new class of leaders takes over Europe’s PE firms

A new cohort of leaders is taking the helm at leading European private-capital firms.

Markets Companies & industryEuropeprivate equityleadership

FFinancial TimesOriginal★★☆☆☆2026-09-02 04:00

A new class of leaders takes over Europe’s PE firms

Advisory firm Interpath seeks its own US deal

Interpath’s new owners are seeking a foothold in the US, the leading market for restructuring and other consulting work.

Companies & industryInterpathUS marketrestructuring consulting

FFinancial TimesOriginal★★☆☆☆2026-09-02 04:00

Advisory firm Interpath seeks its own US deal

$2.7M flows into Robinhood Chain apps in one day, but corporate revenue link remains unclear

Robinhood Chain applications generated roughly $2.66 million to $2.82 million over a rolling 24-hour period early Sept. 1, led by trading bot GMGN and launchpad Pons. The disclosures show significant fee activity but provide no formula linking it to Robinhood’s corporate revenue, leaving the company’s eventual recurring take unresolved.

Markets Crypto Companies & industryRobinhoodblockchain revenueDeFitokenized assets

CCryptoSlateOriginal★★☆☆☆2026-09-02 03:40

$2.7M flows into Robinhood Chain apps in one day, but corporate revenue link remains unclear

China’s sweater hubs expand global presence as exports grow

Sweater-making hubs in Jiaxing, Zhejiang, are strengthening their international reach amid rising exports. Honghe produces 400 million sweaters a year for more than 50 countries and regions, while Puyuan is upgrading toward high-end knitwear and expanding overseas sales through an international trading platform.

Trade & sanctions Companies & industryChina sweater industryJiaxingexport growth

CChina News ServiceOriginal★★☆☆☆2026-09-02 03:05

China’s sweater hubs expand global presence as exports grow

Over $1 trillion! The 'business playbook' behind China-ASEAN success

China’s State Council Information Office held a press conference on China-ASEAN economic and trade cooperation and the upcoming expo and business summit. The 23rd China-ASEAN Expo will take place in Nanning from September 17 to 21, highlighting trade above $1 trillion and new cooperation opportunities created by AI.

Trade & sanctions Companies & industryChina-ASEANtrade cooperationChina-ASEAN Expo

CChina News ServiceOriginal★★★☆☆2026-09-02 02:52

Over $1 trillion! The 'business playbook' behind China-ASEAN success

BHP chief commercial officer to step down in January, memo says

BHP Chief Commercial Officer Rag Udd will leave at the end of January to pursue an opportunity outside the company, according to an internal staff memo. His departure leaves vacant one of the miner’s most challenging roles: negotiating iron ore deals with China.

Energy & commodities Companies & industryBHPexecutive changeiron oreChina

RReutersOriginal★★☆☆☆2026-09-02 02:40

BHP chief commercial officer to step down in January, memo says

Japanese green tea giant Ito En surges 8%, defying a broad market sell-off

Ito En shares jumped 8% after the green tea company reported its fiscal first-quarter results, bucking a broad sell-off in Japanese stocks.

Markets Companies & industryIto EnJapanese stocksearnings

CCNBCOriginal★★☆☆☆2026-09-02 02:24

Japanese green tea giant Ito En surges 8%, defying a broad market sell-off

Political Risk Is Driving Markets and Making Gold Companies Valuable

Political risk is influencing market movements and increasing the value of gold companies. The item also calls on the prime minister to stop the insults.

Energy & commodities Companies & industrypolitical riskmarketsgold companies

BBloomberg NewsOriginal★★☆☆☆2026-09-02 01:30

Political Risk Is Driving Markets and Making Gold Companies Valuable

Dollar holds firm as Middle East hostilities lift oil

The dollar remained firm on Wednesday as renewed hostilities in the Middle East drove oil prices higher and brought inflation worries back into focus.

Macro & central banks Markets Energy & commodities Companies & industryUS dollaroil pricesMiddle Eastinflation

RReutersOriginal★★★★☆2026-09-02 01:10

Dollar holds firm as Middle East hostilities lift oil

Circle Processed $32 Trillion in USDC Transfers, Yet 95% of Revenue Depends on Interest Rates

Coin Metrics measured $32 trillion in adjusted USDC transfer volume through August 2026, a figure that reflects onchain movement rather than consumer payments or net settlement. Circle reported $701.3 million in second-quarter revenue and reserve income, with $667.7 million, or 95.2%, coming from reserve assets; transaction revenue was only $5.3 million. The figures show crypto-market usage, but not a toll collected on every transfer.

Macro & central banks Crypto Companies & industryCircleUSDCstablecoinsinterest rates

CCryptoSlateOriginal★★☆☆☆2026-09-02 00:35

Circle Processed $32 Trillion in USDC Transfers, Yet 95% of Revenue Depends on Interest Rates

Japanese companies bet heavily on India as China risks deepen

Japanese companies are expanding in India as their domestic market shrinks and risks linked to China grow. Consumer brands are widening their presence, Japanese banks are buying Indian financial assets, and more than 100 Japanese firms have set up global capability centres there. About 120 agreements announced $12.5 billion in investment, though tax uncertainty, bureaucracy and approval delays remain obstacles.

Markets Companies & industryJapanese companiesIndia investmentChina riskssupply-chain diversification

BBBC ChineseOriginal★★★★☆2026-09-02 00:01

Japanese companies bet heavily on India as China risks deepen

China’s tech push fuels fastest profit growth in four years amid signs of economic divide

Demand for artificial intelligence and domestic technology substitution drove Chinese listed companies’ profits to their fastest growth in four years during the first half, highlighting a K-shaped economy as the country moves away from credit-fuelled expansion. Profits on Shanghai’s chip-heavy Star Market more than quadrupled year on year, while Shenzhen’s ChiNext rose 33%.

Macro & central banks Energy & commodities Companies & industry Tech & AIChina economyartificial intelligencetechnology firmsprofit growth

SSouth China Morning PostOriginal★★★☆☆2026-09-02 00:00

China’s tech push fuels fastest profit growth in four years amid signs of economic divide

Lofter saga continues as Mong Kok project is renamed and owners seek quick sales

A 139-unit residential project at 1 Ki Lung Street in Mong Kok, previously known as Upper Prince and managed by troubled developer Lofter Group, has returned to the market as One Edward. Its ownership group is offering competitive prices to attract mainland Chinese buyers and longer-term investors, aiming to sell the flats quickly.

Companies & industry Real EstateHong Kong propertyMong KokLofter Group

SSouth China Morning PostOriginal★★☆☆☆2026-09-01 23:53

Lofter saga continues as Mong Kok project is renamed and owners seek quick sales

Comstock plans $1.65 billion Haynesville stake sale to Azerbaijan’s SOCAR to cut debt

Comstock Resources said Tuesday it plans to sell stakes in its Haynesville shale assets and related midstream business to Azerbaijan’s SOCAR for $1.65 billion in cash, aiming to reduce its debt.

Macro & central banks Companies & industryComstock ResourcesSOCARHaynesvilledebt reduction

RReutersOriginal★★☆☆☆2026-09-01 23:30

Comstock plans $1.65 billion Haynesville stake sale to Azerbaijan’s SOCAR to cut debt

Yum says Pizza Hut CEO Aaron Powell resigns

Yum Brands said in a regulatory filing on Tuesday that Pizza Hut CEO Aaron Powell resigned as chief executive and from other company positions after the chain’s sale was completed.

Companies & industryYum BrandsPizza Hutexecutive change

RReutersOriginal★★☆☆☆2026-09-01 22:35

Yum says Pizza Hut CEO Aaron Powell resigns

‘Subtle changes pointing to consumer fatigue’ challenge fast-fashion retailers, expert says

A federation of European textile associations has called for a 10-euro import fee on fashion goods, seeking to curb ultra-cheap competition largely from China. University of Delaware professor Sheng Lu says it is unclear whether such measures would make companies like Shein change their business models, while retailers may also have to confront “consumer fatigue.”

Trade & sanctions Companies & industryfast fashionimport feeSheinconsumer trends

FFrance 24Original★★☆☆☆2026-09-01 21:40

‘Subtle changes pointing to consumer fatigue’ challenge fast-fashion retailers, expert says

WirtschaftsWoche: Volkswagen management plans proposal to close four German plants by 2034

A Tuesday report by German business publication WirtschaftsWoche says the Volkswagen board is readying a proposal to stop production at four of its German facilities over the 2031–34 period.

Companies & industryVolkswagenGerman plantsplant closures

RReutersOriginal★★☆☆☆2026-09-01 19:45

WirtschaftsWoche: Volkswagen management plans proposal to close four German plants by 2034

Crypto treasury companies reach $340 billion market cap as altcoin DATs outperform

The combined market value of crypto treasury companies has risen 10% since mid-August and is hovering near $340 billion, with altcoin DATs outperforming.

Markets Crypto Companies & industrycryptocurrencydigital assetsmarket capitalization

TThe BlockOriginal★★☆☆☆2026-09-01 18:11

Crypto treasury companies reach $340 billion market cap as altcoin DATs outperform

Pashinyan tells Putin many Russian companies are operating successfully in Armenia

Armenian Prime Minister Nikol Pashinyan told Russian President Vladimir Putin that many Russian companies are operating very successfully in Armenia, earning high profits and paying taxes regularly. He said they fall into two groups: profitable, growing businesses and those that are neither profitable nor expanding, which he called a challenge for both countries.

Companies & industryArmeniaRussian companiesbusiness operations

TTASSOriginal★★☆☆☆2026-09-01 17:59

Pashinyan tells Putin many Russian companies are operating successfully in Armenia

Russian car-sales platform CarPrice limits payouts after investor branded ‘extremist’ for aiding Ukraine

Russian used-car marketplace CarPrice has temporarily restricted payments to individuals and businesses, saying the measure follows a change in its corporate structure and should end within a week. The move follows a Moscow court’s designation of investor Alexander Galitsky and his fund, Almaz Capital Partners, as an “extremist association” over alleged aid to Ukraine’s Armed Forces. CarPrice was later nationalized and transferred to Rostec.

Banking & finance Companies & industryRussiaCarPricepayment restrictionsasset nationalization

MMeduzaOriginal★★★☆☆2026-09-01 17:45

Russian car-sales platform CarPrice limits payouts after investor branded ‘extremist’ for aiding Ukraine

Just over a decade ago, most new American cars cost less than $30,000

Data from auto research firm Edmunds shows that just over a decade ago, most new cars sold in the United States cost less than $30,000.

Macro & central banks Companies & industryUS carscar pricesconsumer economy

CCNNOriginal★★☆☆☆2026-09-01 17:00

Just over a decade ago, most new American cars cost less than $30,000

Russia opens digital ruble access as major banks and retailers face rollout rules

Russia expanded access to its central bank digital currency on Sept. 1, allowing customers of connected banks to open digital-ruble wallets through mobile apps. Twelve systemically significant banks are ready to provide the service, while covered retailers must accept digital rubles. Consumer participation remains voluntary and banks cannot open wallets automatically.

Macro & central banks Markets Banking & finance Companies & industryRussiadigital rublecentral bank digital currencybanks

CCryptoSlateOriginal★★★☆☆2026-09-01 16:35

Russia opens digital ruble access as major banks and retailers face rollout rules

Crypto enters September with legislative policy gamble hanging by a thread

Comprehensive legislation for the cryptocurrency industry is on the brink of failure as doubts grow over whether the bill can make it across the finish line.

Crypto Companies & industryCryptocurrencyIndustry legislationUS Congress

CCNBCOriginal★★☆☆☆2026-09-01 16:07

Crypto enters September with legislative policy gamble hanging by a thread

Seattle Luxury Homes Languish as AI Job Cuts and Taxes Hit Tech Hub

Seattle’s luxury housing market is struggling as AI-related job cuts and taxes weigh on the tech hub. The region illustrates what happens when pressures on technology and wealth converge, contrasting with booming San Francisco.

Macro & central banks Companies & industry Tech & AI Real EstateSeattleluxury housingAI job cutstaxes

BBloomberg NewsOriginal★★☆☆☆2026-09-01 16:00

Seattle Luxury Homes Languish as AI Job Cuts and Taxes Hit Tech Hub

Cango shares plunge 20% after bitcoin miner reports $81.6 million Q2 loss

Cango reduced the size of its mining fleet in the second quarter as revenue declined and the company concentrated on improving efficiency. Its shares plunged 20% after it reported an $81.6 million quarterly loss.

Markets Energy & commodities Crypto Companies & industryCangoBitcoin miningquarterly loss

TThe BlockOriginal★★☆☆☆2026-09-01 15:48

Cango shares plunge 20% after bitcoin miner reports $81.6 million Q2 loss

Rising Emissions Show Fashion Sector’s Climate Push Has Faded

Apparel-sector emissions rose for a second consecutive year as the industry struggles to decarbonize, suggesting its climate push has lost momentum.

Energy & commodities Companies & industryfashion industryemissionsdecarbonization

BBloomberg NewsOriginal★★☆☆☆2026-09-01 15:30

Rising Emissions Show Fashion Sector’s Climate Push Has Faded

Putin envoy warns Russian economy could go ‘berserk’ on war footing

Vladimir Putin’s international development envoy warned that Russia’s economy risks going “berserk” if it is run entirely to serve the needs of the military-industrial complex, according to remarks quoted on Tuesday.

Macro & central banks Companies & industryRussia economymilitary-industrial complexVladimir Putin

RReutersOriginal★★★☆☆2026-09-01 14:30

Putin envoy warns Russian economy could go ‘berserk’ on war footing

Chinese premier meets delegation of US-China Business Council

Premier Li Qiang told a US-China Business Council delegation in Beijing that China would address the reasonable concerns of US companies and protect a level playing field under the law. He urged Washington to act on China’s concerns and implement bilateral trade consultation results, while both sides expressed support for stronger cooperation and communication.

Trade & sanctions Companies & industryUS-China relationstrade cooperationLi Qiang

CCGTNOriginal★★★★☆2026-09-01 13:55

Chinese premier meets delegation of US-China Business Council

Chinese Premier Li Qiang meets US-China Business Council delegation

Premier Li Qiang said China will address the reasonable concerns of US companies operating in China and protect a level playing field under the law. Meeting the US-China Business Council delegation in Beijing, he urged Washington to take concrete steps on China’s concerns and implement the results of bilateral economic and trade consultations.

Trade & sanctions Companies & industryUS-China relationstradebusiness

CCGTNOriginal★★★★☆2026-09-01 13:55

Chinese Premier Li Qiang meets US-China Business Council delegation

EXCLUSIVE: VinFast halts plans to make some cars in India, sources and memo say

VinFast has paused plans to manufacture three electric vehicles in India and told suppliers to stop work on the projects as it reassesses costs, according to two sources and a company memo reviewed by Reuters. The move comes a year after the Vietnamese automaker entered the important growth market.

Companies & industryVinFastIndiaelectric vehiclesmanufacturing

RReutersOriginal★★☆☆☆2026-09-01 13:40

EXCLUSIVE: VinFast halts plans to make some cars in India, sources and memo say

Welcome to America’s latest job-creation hotspots, fueled by changing consumer spending

America’s newest centers of job creation are being driven by a notable change in how consumers use their discretionary income.

Macro & central banks Energy & commodities Companies & industryUS economyjobsconsumer spending

CCNNOriginal★★☆☆☆2026-09-01 13:00

Welcome to America’s latest job-creation hotspots, fueled by changing consumer spending

Sino Land profit rises 14% as property losses narrow, but core earnings fall

Sino Land’s net profit attributable to shareholders rose 14 per cent to HK$4.59 billion for the year ended June 30, from HK$4.02 billion a year earlier. Losses from investment-property revaluation narrowed to HK$192 million from HK$1.08 billion, but underlying earnings declined, signalling continued pressure on its core business.

Companies & industry Real EstateSino LandHong Kong propertyannual profit

SSouth China Morning PostOriginal★★☆☆☆2026-09-01 12:00

Sino Land profit rises 14% as property losses narrow, but core earnings fall

Toyota’s hybrid RAV4 is in demand as dealers wait for more supply

Toyota said the latest RAV4 would be offered only as a hybrid and that production would initially be limited. Demand for the SUV is strong, leaving dealers waiting for additional supply.

Companies & industryToyotaRAV4hybrid vehicles

CCNBCOriginal★★☆☆☆2026-09-01 12:00

Toyota’s hybrid RAV4 is in demand as dealers wait for more supply

China tells carmakers and suppliers to avoid overseas price wars

Beijing has instructed Chinese automakers and component suppliers not to offer steep discounts abroad as they expand globally. The Commerce Ministry said three ministry-level authorities issued guidelines for Chinese carmakers operating overseas for the first time, seeking to strengthen global competitiveness and support the industry’s long-term, healthy development.

Companies & industryChina auto industryoverseas expansionprice wars

SSouth China Morning PostOriginal★★★☆☆2026-09-01 11:00

China tells carmakers and suppliers to avoid overseas price wars