Volkswagen has approved plans to eliminate a further 50,000 jobs by 2030, bringing expected cuts to 100,000, or about 15% of its workforce. The German carmaker will halve its model range, while the future of four plants in Germany cannot be guaranteed into the 2030s, amid Chinese competition, weaker China sales and US tariffs.
TThe GuardianOriginal★★★★☆2026-09-03 22:04
Cliffwater LLC’s flagship private credit fund again limited third-quarter redemptions to 5%, after investors sought to withdraw about 16% of its shares.
B
Bloomberg NewsOriginal★★☆☆☆2026-09-03 22:00
Blackstone Inc. has limited redemptions from its flagship private credit fund for a second straight quarter, offering an early sign of persistent pressure in the $1.8 trillion market.
Blackstone’s $43bn flagship fund said investors submitted notices in the third quarter seeking to withdraw an amount equal to 10% of the vehicle’s value.
Japanese company Remixpoint sold all its Ethereum, Solana, XRP and Dogecoin, generating ¥878.8 million in proceeds and a net gain of about ¥117.8 million. The disposals left Bitcoin as its only crypto asset, with roughly 1,506.23 BTC worth about $121 million. The company said the proceeds would support battery-storage expansion, its balance sheet and other corporate priorities, not specifically more Bitcoin purchases.
C
CryptoSlateOriginal★★☆☆☆2026-09-03 21:25
Lululemon Athletica reduced its full-year outlook for a second consecutive quarter, pointing to significant challenges for incoming CEO Heidi O’Neill. The company’s shares fell more than 15% in late trading.
BBloomberg NewsOriginal★★☆☆☆2026-09-03 21:00
Lululemon reported another disappointing quarter as sales slowed and the company continued struggling to turn its business around. Its shares plunged 15%.
Amazon’s Labor Day sale runs through Sept. 7 and spans products across categories. Deals from Brooks, Stanley, Shark, Kiehl’s and other brands offer savings of up to 78%.
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NBC NewsOriginal★☆☆☆☆2026-09-03 19:53
The August nonfarm payrolls report is due Friday, with economists expecting an increase of 53,000 jobs. A subdued labor market is keeping the Federal Reserve focused on inflation.
C
CNBCOriginal★★★☆☆2026-09-03 19:38
PayPal has eliminated roughly 220 jobs in India as part of the payments company’s broader, multiyear turnaround plan announced earlier this year, according to a person familiar with the matter.
R
ReutersOriginal★★☆☆☆2026-09-03 19:25
Volkswagen Caminhoes e Onibus, the Brazilian subsidiary of Volkswagen’s trucking unit Traton, announced a partnership with China’s SAIC Motor to develop a new family of light commercial vehicles.
RReutersOriginal★★☆☆☆2026-09-03 19:00
The federal government is committing more than $4.7 billion for VIA Rail to acquire and maintain 313 new passenger cars from Alstom Canada. The cars will be built entirely in Canada for the first time in four decades, as part of the latest push under the Buy Canadian policy.
CCBC NewsOriginal★★★☆☆2026-09-03 18:05
Nasdaq-listed Hyperliquid Strategies has expanded its committed-equity facility with Chardan Capital Markets from $1 billion to $2.5 billion to fund purchases of HYPE. Disclosures show at least $763.7 million has already been raised, leaving no more than about $236.3 million before the $1 billion threshold. Further access will depend on issue prices, Nasdaq limits and possible shareholder approval.
CCryptoSlateOriginal★★☆☆☆2026-09-03 18:00
Registrations of battery electric vehicles in the UK rose about 30% year on year in August, making them the market’s largest single fuel type last month, according to New AutoMotive data.
RReutersOriginal★★☆☆☆2026-09-03 17:05
Noncarbonated drinks such as Surfside and Lucky One are central to the alcohol industry’s effort to attract Gen Z consumers.
BBloomberg NewsOriginal★★☆☆☆2026-09-03 17:00
Strive’s CEO said the company could become the second-largest public holder of bitcoin by the end of 2026. Strive shares rose to a year-to-date high of $26.84 on Thursday, less than 1% below the warrants’ exercise price.
TThe BlockOriginal★★☆☆☆2026-09-03 16:27
US energy companies signed a series of multi-billion-dollar agreements with Venezuela on Wednesday, days after Caracas agreed to give Washington control over a substantial share of its vast oil reserves. Donald Trump has called the arrangement the “biggest oil deal in world history,” but it has prompted serious questions about Venezuela’s sovereignty.
FFrance 24Original★★★★☆2026-09-03 16:06
A 1950 US State Department memo described oil as the enduring link between Washington and Caracas. The article traces their relationship from cooperation to hostility, noting Donald Trump’s announcement that the US would take majority control of about a fifth of Venezuela’s oil reserves. The White House says the deal secures US energy dominance for the next century.
Chevron, Eni and other energy companies signed multibillion-dollar agreements in Caracas to expand Venezuela’s oil output. The ceremony was overseen by interim President Delcy Rodriguez and US Energy Secretary Chris Wright, days after a separate Caracas-Washington deal gave the US access to 17 oil fields representing about a fifth of Venezuela’s reserves.
US energy companies are significantly expanding their operations in Venezuela following Washington’s oil deal with Caracas. US officials denied claims that the agreement was holding Venezuela for ransom, saying it benefits all sides while developing an unused underground asset.
ChargePoint’s CEO says the company’s 50% stock gain marks only the beginning of its momentum. The infrastructure company is nearing the end of a three-year business plan that has increased revenue and substantially reduced losses.
CCNBCOriginal★★☆☆☆2026-09-03 16:00
The piece examines why cryptocurrency earnings reports can be misleading for advisors.
C
CoinDeskOriginal★★☆☆☆2026-09-03 15:00
Chinese Vice Premier Ding Xuexiang said China is ready to implement the consensus reached by the two countries’ leaders and expand practical investment cooperation with Russia. At the 13th China-Russia Investment Cooperation Committee meeting in Vladivostok, both sides called for progress in manufacturing, infrastructure, green industries and the digital economy, as well as a more predictable business environment.
C
CGTNOriginal★★★★☆2026-09-03 14:58
Chinese Vice Premier Ding Xuexiang said China wants to strengthen friendly ties with Russia and broaden cooperation in several areas. Speaking at the Eastern Economic Forum, he described people-to-people friendship as the foundation of bilateral cooperation and cited a survey saying more than 90% of Russians view the state of China-Russia relations positively.
Russian Industry and Trade Minister Anton Alikhanov said contracts for the import-substituted SJ-100 aircraft cover the next three years, with more than 40 planes already under contract. Aurora Airlines will be among the first operators, while firm supply deals with customers including Red Wings and Azimuth could be signed by the end of 2026.
T
TASSOriginal★★★☆☆2026-09-03 14:54
Russia is negotiating MC-21 deliveries with several airlines in addition to Aeroflot, Industry and Trade Minister Anton Alikhanov said. Those deliveries are expected only after 2030, while about half of the aircraft’s certification flight-test program has been completed. Serial deliveries will start after certification.
TTASSOriginal★★★☆☆2026-09-03 14:50
Six Chinese companies now conduct shipments along the Northern Sea Route, up from one three years ago, Russian Far East and Arctic Development Minister Alexey Chekunkov said. He added that China has formally committed to a plan to transport 20 million tons annually by 2030.
TTASSOriginal★★☆☆☆2026-09-03 14:33
More than 150 business events and over 1,000 speakers are included in this year’s Eastern Economic Forum program, Russian Deputy Prime Minister Yury Trutnev said. The forum, themed “The Far East: Development for the Benefit of People,” is being held in Vladivostok from September 1 to 4.
TTASSOriginal★★☆☆☆2026-09-03 14:08
Russia’s non-resource, non-energy industrial exports reached $58.8 billion in the first half of the year, Industry and Trade Minister Anton Alikhanov said. Chemical products, metallurgy and precious metals, light industry, pharmaceuticals, perfumes and cosmetics were among the sectors driving growth.
TTASSOriginal★★★☆☆2026-09-03 13:58
More Americans filed for unemployment benefits last week, but layoffs remain rare and jobless claims are still at historically low levels.
A
ABC NewsOriginal★★★☆☆2026-09-03 12:56
More Americans applied for unemployment benefits last week, but layoffs remain rare and jobless claims are still at historically low levels.
Germany’s IfW economic institute raised its 2026 growth forecast by half a percentage point on Thursday, citing increasing signs that Europe’s largest economy has moved past the low point of its downturn and is gathering momentum again.
RReutersOriginal★★★☆☆2026-09-03 12:45
Germany is showing tentative signs of recovery after a prolonged downturn. GDP grew 0.3% in the second quarter of 2026, several institutes raised their full-year growth forecasts to at least 1.3%, and business sentiment reached a one-year high. Structural problems, including industrial restructuring, Chinese competition and higher energy prices, remain.
Uber is eliminating 3,300 jobs worldwide by removing management layers and combining teams. The company says the savings will support growth in areas including robotaxis.
EeuronewsOriginal★★★☆☆2026-09-03 12:17
EV maker Polestar lowered its full-year delivery forecast on Thursday after Washington’s crackdown on Chinese-linked vehicles forced it out of the United States. Its shares fell 5.7% in premarket trading.
RReutersOriginal★★☆☆☆2026-09-03 12:15
Toronto home sales declined for the first time in six months as Canada’s ongoing trade war with the US unsettles the outlook for the country’s housing market.
BBloomberg NewsOriginal★★★☆☆2026-09-03 12:00
Entain leaves the FTSE 100 after expanding in some areas. The gambling group could create value by slimming down elsewhere, the piece argues.
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Financial TimesOriginal★★☆☆☆2026-09-03 11:28
Gasoline prices above $4 a gallon are fueling inflation concerns and creating political worries for Trump.
BBloomberg NewsOriginal★★★☆☆2026-09-03 11:09
Washington is using its power as American oil companies seize the opportunity to diversify their production while Donald Trump reshapes the global energy landscape.
FFinancial TimesOriginal★★★☆☆2026-09-03 11:00
Meat in Senegal has risen from 3,800 to 5,500 CFA francs per kilogram in a few months, while onion prices have doubled. Fuel, transport and rent have also become more expensive. Frustrated consumers in Dakar launched the #30DaysForTheRightPrice digital campaign to warn authorities about the social impact on the most vulnerable households.
FFrance 24Original★★★☆☆2026-09-03 10:53
Russian Deputy Prime Minister Alexander Novak said oil production will decline modestly by the end of 2026 because some refineries are underutilized during unscheduled maintenance. He described the trend as temporary, with output expected to rise when refineries resume operations, while exports remain stable.
TTASSOriginal★★★☆☆2026-09-03 10:34
Car sales in Portugal surged in August, with electric vehicles accounting for 36.1% of the market. Between January and August 2026, alternative-energy vehicles made up 75.6% of newly registered passenger cars, including about 26.8% that were electric.
EeuronewsOriginal★★☆☆☆2026-09-03 10:13
Australia is intensifying its crackdown on crypto businesses as a strict new regulatory deadline approaches. Firms that miss it could breach financial services law from Oct. 1 and face civil or criminal penalties.
CCoinDeskOriginal★★★☆☆2026-09-03 10:09
Hong Kong food and beverage operators leased a record 155,000 sq ft of new space in the second quarter, more than twice the first-quarter total, according to CBRE. They took up 230,000 sq ft in the first half of the year. Analysts said the city’s retail recovery remained selective and narrow-based.
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South China Morning PostOriginal★★☆☆☆2026-09-03 10:00
Investors are in advanced discussions over a funding round for indebted luxury fitness chain Equinox. The capital would support new club openings while reducing the company’s interest costs.
FFinancial TimesOriginal★★☆☆☆2026-09-03 10:00
EnQuest CEO Amjad Bseisu told CNBC that the company is interested in BP’s U.K. North Sea assets as the oil major explores selling the business.
CCNBCOriginal★★☆☆☆2026-09-03 09:57
A new analysis found that China’s carbon emissions are falling for the first time as the country adapts to using less fuel since the Iran war. Researchers said a structural shift toward electrification and cleaner transport is creating conditions for a sustained decline.
RReutersOriginal★★★☆☆2026-09-03 09:40
Millions of Chinese drivers have shifted from gas pumps to charging stations as the Iran War pushed up fuel prices, helping alter the country’s climate trajectory and keep emissions in check.
Industry sources cited by Kommersant estimate that Russian oil companies failed to fulfill about 60% of gasoline supply contracts on the St. Petersburg exchange from May through September. Around 20% collapsed entirely and 39% remain incomplete. Lukoil and Rosneft represented most of the outstanding contracts. A source blamed Ukrainian drone strikes on refineries and said companies prioritized defense and industrial customers over gas stations.
MMeduzaOriginal★★★★☆2026-09-03 08:40
German companies are increasingly facing competitive pressure from Chinese rivals, according to a Thursday survey by the German Chambers of Commerce and Industry. More than half back stronger EU action against what they regard as unfair competition.
RReutersOriginal★★★☆☆2026-09-03 08:35
Bloomberg’s Big Take is expanding to Asia. Each week, Oanh Ha will tell a story from the home of the world’s most dynamic economies, focusing on the markets, tycoons and businesses driving the region’s constant change.
BBloomberg NewsOriginal★☆☆☆☆2026-09-03 08:15
The item asks why SoftBank’s status as an investment holding company matters and highlights bonds.
FFinancial TimesOriginal★☆☆☆☆2026-09-03 07:52
China’s meal-delivery subsidy battle may have faded, but its biggest legacy could be higher consumer expectations: electronics, flowers and even medicine can now arrive within an hour of an order.
RReutersOriginal★★★☆☆2026-09-03 07:45
A Malaysian prince’s plan to sell a tract of land in the heart of Singapore faces a tax complication, with the bill potentially exceeding $1 billion.
BBloomberg NewsOriginal★★☆☆☆2026-09-03 06:15
Volkswagen’s supervisory board is due to meet on Friday to vote on the automaker’s largest restructuring programme ever. Plans to cut jobs and capacity have faced fierce opposition from unions and shareholder Lower Saxony.
RReutersOriginal★★★☆☆2026-09-03 05:30
A confrontation is developing between Volkswagen management and unions over restructuring plans. As Germany’s auto industry seeks to protect its future, attention is shifting to the sector’s 35-hour working week and whether longer hours would actually resolve Volkswagen’s problems.
RReutersOriginal★★☆☆☆2026-09-03 05:15
Russian Deputy Prime Minister Alexey Overchuk said free trade agreements between the Eurasian Economic Union and Indonesia and the United Arab Emirates will take effect in the very near future. Talks on a similar deal are progressing with India, while consultations with Pakistan have also been held.
TTASSOriginal★★★☆☆2026-09-03 05:00
Remixpoint recorded gains on ether, Solana and XRP, but sold Dogecoin below its fiscal-year opening value as it focused its crypto holdings on bitcoin, making DOGE its only losing bet.
CCoinDeskOriginal★★☆☆☆2026-09-03 04:58
Russia has 75 oil and gas fields on its continental shelf, with production already operating at 20 of them, Deputy Natural Resources Minister Dmitry Tetenkin said at the Eastern Economic Forum. He added that offshore exploration and production are proceeding alongside onshore operations.
TTASSOriginal★★★☆☆2026-09-03 04:41
A look at the day ahead in European and global markets, where bonds are breathing a sigh of relief.
RReutersOriginal★★☆☆☆2026-09-03 04:40
Asian economies are expanding storage capacity after conflict involving Iran and the United States and Israel sharply reduced shipping through the Strait of Hormuz and drove up energy prices. Japan has proposed the $10bn POWERR Asia initiative, while India, the Philippines and Thailand pursue larger strategic reserves and related infrastructure.
AAl JazeeraOriginal★★★★☆2026-09-03 04:26
Rosselkhozbank CEO Boris Listov says the unfulfilled grain deal terms, together with the situation around the Strait of Hormuz affecting fertilizer supplies, are putting pressure on global food markets. Higher logistics and payment costs will raise prices for Russian exports to 160 countries and have lasting consequences for the global food system.
TTASSOriginal★★★★☆2026-09-03 04:24
Russia’s banking sector may earn about 4 trillion rubles ($45.82 billion) in 2026, Sberbank CEO Herman Gref said. He added that although the result would exceed last year’s figure, banks’ current margin levels are expected to decline in the second half of the year.
TTASSOriginal★★★☆☆2026-09-03 04:19
Gazprom CEO Alexey Miller said, with a subtle smile, that “winter will come to Europe” when asked whether the region had enough fuel for the coming winter. TASS calculations based on Gas Infrastructure Europe data show European underground gas storage at its lowest level since records began in 2011, putting regional supplies at risk.
TTASSOriginal★★★☆☆2026-09-03 04:08
Russian First Deputy Prime Minister Denis Manturov said electric vehicle and hybrid production in Russia could reach 25,000-30,000 units this year, about 1.5-2 times the 2025 level. The country’s automotive strategy through 2035 envisions these vehicles making up one-quarter of passenger vehicle production.
TTASSOriginal★★★☆☆2026-09-03 04:02
Russian First Deputy Prime Minister Denis Manturov said sales of electric vehicles and hybrids reached more than 83,000 units in January–August 2026, nearly twice the level a year earlier. Russian models accounted for over 27% of the segment, up 15.5 percentage points.
Big Four auditor KPMG flagged flaws in how Guggenheim’s private investment division accounted for revenue, warning about deficiencies in its internal controls.
FFinancial TimesOriginal★★☆☆☆2026-09-03 04:00
Russian First Deputy Prime Minister Denis Manturov said more than 940,000 new vehicles were sold in Russia from January through August 2026, up 7% from the same period last year. He said the auto market is gradually recovering.
TTASSOriginal★★★☆☆2026-09-03 03:55
Russian First Deputy Prime Minister Denis Manturov said Russian-made cars accounted for 63.5% of the domestic new-car market in the first eight months, up more than 8 percentage points year on year. Sales of locally produced cars rose over 23% to 597,500 vehicles. Russia aims for an 80% share by 2035.
Li Chenggang, China’s international trade representative and vice minister of commerce, met Wednesday with a delegation from the Board of Directors of the U.S.-China Business Council. China’s Ministry of Commerce said they discussed China-U.S. economic and trade relations among other issues.
CCGTNOriginal★★☆☆☆2026-09-03 03:14
Hilton says one Asian country has become the world’s most exciting tourism market as travel across the region accelerates.
CCNBCOriginal★★☆☆☆2026-09-03 00:13
Venezuelan oil businessman Alejandro Betancourt López leads Barbados-registered North American Blue Energy Partners, which will oversee production and sales from 17 strategic oil fields containing about 65bn barrels. He prospered through government contracts during the Hugo Chávez era, but has also faced investigations in five countries. He denies wrongdoing and has never been convicted.
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BBC NewsOriginal★★★☆☆2026-09-02 23:53
U.S. Energy Secretary Chris Wright said on Wednesday that Washington would impose very strict controls on funds generated by an oil deal with North American Blue Energy Partners, announced earlier this week with Venezuela.
US Energy Secretary Chris Wright said Chevron, Italy’s ENI and GE Vernova signed deals worth “tens of billions of dollars” with Venezuela during his Wednesday visit to Caracas. Wright and Interim President Delcy Rodriguez finalised the agreements.
Chevron, Italy’s Eni and other foreign energy producers committed on Wednesday to major project expansions aimed at increasing oil output in Venezuela. The agreements were signed in Caracas at a ceremony overseen by interim President Delcy Rodriguez and US Energy Secretary Chris Wright.
Senior US official Chris Wright oversaw Chevron, ENI and a GE offshoot signing Venezuela deals worth “tens of billions” while meeting acting President Delcy Rodriguez in Caracas on September 2, 2026.
US Energy Secretary Chris Wright is in Venezuela for the signing of a major oil agreement that would give the United States control of about a fifth of the country’s vast oil reserves. President Donald Trump has called it the “biggest oil deal in world history.”
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.
Shell Offshore, a subsidiary of oil major Shell, said Wednesday it will acquire a 30% interest in the Conifer exploration prospect in the Gulf of Mexico, which is operated by BP.
RReutersOriginal★★☆☆☆2026-09-02 23:45
For the first time in its history, Southwest Airlines will operate its own lounges for passengers.
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CNNOriginal★★☆☆☆2026-09-02 23:30
PG&E CEO Patti Poppe said she remains hopeful that California lawmakers can revive wildfire liability reform. A failed proposal had sent the utility’s shares tumbling.
CCNBCOriginal★★★☆☆2026-09-02 23:23
JPMorgan restricted lending to trading firm Jane Street last year after the specialist began making markets in US Treasuries.
FFinancial TimesOriginal★★☆☆☆2026-09-02 20:44
Golden Pet Brands, which owns Dr. Marty Pets, Badlands Ranch and Ultimate Pet Nutrition, has selected banks for a New York-listed initial public offering that could take place as soon as this year, according to people familiar with the matter.
RReutersOriginal★★☆☆☆2026-09-02 20:05
Tech-sector job cuts are taking the heat out of Seattle’s luxury-home frenzy. New York City is also short of new condos, while a decades-long housing rally in Australia is losing momentum.
BBloomberg NewsOriginal★★☆☆☆2026-09-02 20:00
Uganda named its blended crude oil grade Pearl Sweet on Wednesday, marking a key step before the East African country plans to begin commercial oil production by the end of this year.
RReutersOriginal★★★☆☆2026-09-02 19:35
Three people familiar with the matter told Reuters that OPEC+ is likely to leave its October oil output policy unchanged at Sunday’s meeting. After completing the unwinding of one layer of production cuts this month, the group is expected to focus on negotiating quotas for 2027.
RReutersOriginal★★★☆☆2026-09-02 19:15
Russian President Vladimir Putin took part in ceremonies launching several industrial facilities during the Eastern Economic Forum. They include Russia’s first full-cycle copper mining and processing plant at the Udokan deposit, a large methanol facility, port and power infrastructure, a pharmaceutical plant and new science and technology facilities in the Far East.
TTASSOriginal★★★☆☆2026-09-02 18:59
Mexican Economy Minister Marcelo Ebrard met U.S. Commerce Secretary Howard Lutnick on Wednesday as Mexico sought progress on U.S. tariffs affecting cars and steel, a major source of friction in the two countries’ trade relationship.
RReutersOriginal★★★☆☆2026-09-02 18:10
Swiss drugmaker Novartis said on Wednesday that relocating laboratory activities and shutting some production in Basel could lead to about 130 job cuts in Switzerland.
RReutersOriginal★★☆☆☆2026-09-02 18:01
Michael Khouw explains how he is positioning in Oracle ahead of next week’s earnings report.
CCNBCOriginal★★☆☆☆2026-09-02 17:57
The oil deal is presented as the clearest example yet of Donald Trump’s new state capitalism, while the commentary questions whether this is the right way to revive Venezuela’s economy.
FFinancial TimesOriginal★★★☆☆2026-09-02 17:22
Chevron says it will invest more than US$7 billion through its Venezuelan joint ventures over the next five years, aiming to double the country’s oil output to about 600,000 barrels per day.
CCBC NewsOriginal★★★☆☆2026-09-02 17:13
Chevron says it has received additional acreage in Venezuela’s Orinoco Belt and will invest more than $7bn through joint ventures to double production to about 600,000 barrels per day within five years. The expansion includes two adjacent areas in the Carabobo region.
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.
Chevron says it will expand its operations in Venezuela through a $7 billion investment that will more than double production.
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.
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.
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.
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