Ordinary bondholders want proof that Caracas can produce and sell enough oil in dollars to repay the debt that remains.
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Financial TimesOriginal★★★☆☆2026-09-04 14:13
Türkiye and the Asian Infrastructure Investment Bank have signed a multimillion-dollar environmental agreement. Environment Minister Murat Kurum said the aim is to provide significant support for cleaning up the Marmara Sea.
TTRT WorldOriginal★★★☆☆2026-09-04 14:06
A ski-resort operator, cheesemaker, snow-grooming equipment seller and others urged an end to the trade war with Canada, saying the tariffs are hurting their businesses.
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Bloomberg NewsOriginal★★★☆☆2026-09-04 14:00
Volkswagen’s board approved a major cost-cutting plan that will eliminate another 50,000 jobs and end production at four plants, as the company seeks to counter low-cost competition from China and U.S. tariffs.
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The Associated PressOriginal★★★☆☆2026-09-04 14:00
European shares edged lower on Friday ahead of closely watched U.S. jobs data, while Volkswagen stock rallied after the automaker announced a major transformation plan.
Volkswagen shares rose 6% on Friday after the company announced plans to eliminate another 50,000 jobs as part of its transformation plan, amid tariff pressures and competition from China.
Volkswagen plans to eliminate a further 50,000 jobs worldwide.
Volkswagen employs nearly 630,000 people and is preparing to cut 50,000 more jobs worldwide after previous reductions. Its oversized workforce reflects extensive in-house production, years of brand acquisitions and costly German operations, while a slow shift to electric vehicles has left the carmaker under pressure from Chinese competitors. The company also wants to close four German factories, though its supervisory board has not yet approved immediate implementation.
German carmaker Volkswagen says management and unions have agreed to eliminate another 50,000 jobs by the end of the decade, taking total job losses to 100,000 in the company’s biggest industry shake-up.
Volkswagen’s supervisory board approved a sweeping overhaul involving 50,000 additional job cuts, fewer models and a smaller industrial footprint. The decision gives CEO Oliver Blume his clearest mandate yet to reshape Europe’s biggest automaker.
Volkswagen’s board has approved another 50,000 job cuts under a broad turnaround plan, taking the group’s planned reductions by 2030 to 100,000. The carmaker blamed falling sales, weaker profits and intensifying competition, particularly from Chinese brands, and said it is reviewing capacity and possible alternative uses at several plants.
Volkswagen Group says it plans to eliminate 50,000 jobs and reduce its vehicle offerings by half. The German automaker is under pressure from intensifying Chinese competition in Europe and tariff costs on shipments to the United States.
Volkswagen said Thursday it will eliminate another 50,000 jobs worldwide in the biggest restructuring in its 89-year history. The German automaker is under pressure from US tariffs, excess capacity and fierce Chinese competition, while the plan outlines the future of four German plants.
Volkswagen says it will eliminate 100,000 jobs by the end of the decade, including 50,000 additional cuts on top of those already agreed. The reductions equal about 15% of its global workforce. The automaker also plans restructuring and major research investment, while warning that the futures of four German plants cannot be guaranteed.
Volkswagen’s supervisory board approved a transformation plan on Thursday that includes cutting another 50,000 jobs as the group seeks to counter painful tariffs, excess capacity and aggressive Chinese rivals.
Volkswagen AG’s supervisory board approved a comprehensive restructuring program called “Future Plan 2030.” The company said the plan is essential to restoring competitiveness and securing the group’s future.
Volkswagen said on Thursday that it is targeting a 9% operating margin by 2030, up from 3.8% in the first half of 2026. The goal is part of a sweeping turnaround plan approved by the group’s supervisory board late Thursday.
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.
Shein and Temu are rapidly expanding across Africa through very low prices, broad product ranges and aggressive social-media marketing. Businesses and unions warn that spending shifting to Asia could hurt local retailers, manufacturers and jobs. A South African study estimated that about 8,100 retail and manufacturing jobs failed to materialize in 2024, while the clothing workers’ union has called for tighter controls and even proposed banning the apps in South Africa.
DDWOriginal★★☆☆☆2026-09-04 13:49
Aleksandar Vulin, leader of Serbia’s Movement of Socialists and chairman of Srbijagas’s supervisory board, said Moscow and Belgrade would always find a way to resolve payment-system issues. He said he had no new information on the possible launch of Russia’s Mir system in Serbia, but was relying on continued cooperation with the Russian government and companies.
T
TASSOriginal★★★☆☆2026-09-04 13:39
British businesses expect to raise their prices a little more slowly over the coming year, according to a Bank of England survey published on Friday.
R
ReutersOriginal★★☆☆☆2026-09-04 13:35
Live analysis focuses on the United States jobs report for August.
BBloomberg NewsOriginal★★★☆☆2026-09-04 13:30
U.S. job growth accelerated sharply in August while unemployment stayed at 4.1%, indicating a still stable labor market and leaving a Federal Reserve rate hike this month under consideration.
The US economy added 162,000 jobs in August, exceeding expectations.
U.S. nonfarm payrolls increased by 162,000 in August, well above the 53,000 gain expected by the Dow Jones consensus. The unemployment rate remained at 4.1%.
The U.S. added 162,000 jobs in August, exceeding expectations as the labor market bounced back. The report will be important as the Federal Reserve weighs whether to raise interest rates at its September policy meeting.
ProCap Financial sold about 50 BTC and bought back more than 2% of its common stock while shares traded roughly 40% below net asset value. Although its Bitcoin balance fell about 0.9%, the share count dropped around 2%, increasing Bitcoin exposure per share by about 1.1%.
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CryptoSlateOriginal★★☆☆☆2026-09-04 13:30
Sterling held steady on Friday as markets awaited monthly US employment figures that could play a key role in determining the dollar’s pace over the next several weeks.
RReutersOriginal★★☆☆☆2026-09-04 13:25
COP31 is expected to give Türkiye’s tourism season a boost.
TTRT WorldOriginal★★☆☆☆2026-09-04 13:22
Citadel has discussed acquiring U.S. oil production assets, according to five people familiar with the matter. The hedge fund and commodities trader is considering expanding further into ownership of physical assets.
RReutersOriginal★★☆☆☆2026-09-04 13:05
Statistics Canada said Friday that Canada shed 42,000 jobs in August, while the unemployment rate remained unchanged at 6.4%.
CCBC NewsOriginal★★★☆☆2026-09-04 12:46
Rosneft CEO Igor Sechin said Russia-China trade has grown more than 50-fold over 30 years and now significantly exceeds $200 billion. China accounts for 34% of Russia’s total trade, while bilateral trade rose 26% year-on-year in the first seven months of 2026.
TTASSOriginal★★★☆☆2026-09-04 12:13
Australia’s securities regulator is giving crypto businesses that require financial-services authorization until Sept. 30 to enter a licensing or compliance pathway, notify ASIC of an application, or wind down. From Oct. 1, firms that have not met the relevant conditions will lose the temporary no-action protection and could face civil or criminal penalties.
CCryptoSlateOriginal★★★☆☆2026-09-04 12:10
Gazprom CEO Alexey Miller said foreign partners working with Russian gas would feel confident this winter. He highlighted expanding cooperation with China, where Power of Siberia supplies are reaching new daily records, and said a Far Eastern gas export pipeline is due to enter service in January 2027 on schedule.
TTASSOriginal★★☆☆☆2026-09-04 11:47
Russian Deputy Prime Minister Alexander Novak said Russia and China are discussing the Power of Baikal gas pipeline, previously called Power of Siberia 2, and have agreed to continue preparing a supply contract. He also said most independent Russian fuel stations are receiving supplies, while diesel exports remain suspended pending inventory levels and no changes to the damping mechanism are planned.
A Tennessee factory Washington hoped to protect to strengthen the U.S. semiconductor supply chain could close after new trade measures from the Trump administration drove away its last two customers, sources familiar with the situation said.
RReutersOriginal★★★☆☆2026-09-04 11:35
Crypto companies are urging the SEC to accelerate ETF reviews and permit confidential draft filings. Jane Street and Charles Schwab, by contrast, raised concerns that rushed launches and confidential submissions could limit market scrutiny.
TThe BlockOriginal★★☆☆☆2026-09-04 11:21
EQT has agreed to a $2bn acquisition of insurance broker McGill, the latest example of private equity investing in the insurance sector.
FFinancial TimesOriginal★★☆☆☆2026-09-04 11:05
The CFTC has asked a federal court to dismiss CME’s challenge to Kalshi’s Bitcoin perpetual contract. The dispute concerns whether a contract without a fixed expiration belongs under US futures rules, and could influence how perpetual-style products expand from crypto into oil and other regulated markets.
CCryptoSlateOriginal★★☆☆☆2026-09-04 11:00
Serbia wants to extend its gas supply agreement with Russia for the long term, according to Aleksandar Vulin, chairman of Srbijagas’ supervisory board. He called the extension one of Serbia’s most important issues and said Russia had consistently been a reliable, predictable and stable supplier.
TTASSOriginal★★★☆☆2026-09-04 10:50
The South African rand was little changed in early Friday trading as investors awaited highly anticipated U.S. jobs data for indications about the Federal Reserve’s next interest-rate decision.
RReutersOriginal★★☆☆☆2026-09-04 10:45
Gazprom CEO Alexey Miller says Russia’s underground gas storage facilities are already 90% filled ahead of winter. Gazprom plans to raise operational reserves to 73.296 billion cubic meters this year, a record for Russia’s gas industry, while Russian and Belarusian consumers can feel confident about the coming winter.
TTASSOriginal★★★☆☆2026-09-04 10:42
Rosneft CEO Igor Sechin said the United States had sparked a global “copper race” by imposing export duties and accelerating efforts to build copper reserves, sending prices to record highs. He said Russia doubled copper and copper-concentrate supplies to China last year, while ore and concentrate shipments also doubled in the first seven months of this year.
TTASSOriginal★★★☆☆2026-09-04 10:16
Rosneft CEO Igor Sechin said the Hormuz crisis exposed the importance of alternative logistics routes for the global energy system. He identified the Northern Sea Route as a critical corridor and said China could receive priority access because of the special relationship between Russia and China.
TTASSOriginal★★★☆☆2026-09-04 10:01
A foreclosure sale in Lan Kwai Fong and a cancelled shop transaction in North Point show how weak consumer spending is weighing on Hong Kong’s retail property market. Analysts expect pressure to persist through year-end. A Lan Kwai Fong property formerly occupied by Insomnia recently sold for 60 per cent less than its 2015 value.
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South China Morning PostOriginal★★☆☆☆2026-09-04 10:00
The administration of US President Donald Trump says it will launch a national program to train workers in applying AI and other advanced technologies, with the aim of boosting domestic manufacturing.
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NHK WORLD-JAPANOriginal★★★☆☆2026-09-04 09:51
Industry data showed that new car sales in Britain climbed nearly 14% year on year in August, extending growth to a ninth consecutive month. Attention is now shifting to September, when new registrations are expected to lift sales further.
RReutersOriginal★★☆☆☆2026-09-04 09:50
Rosneft CEO Igor Sechin said China overcame the oil supply crisis in the Strait of Hormuz through early reserve-building, large-scale electrification and its strategic partnership with Russia. He said the approach, centered on “security through self-sufficiency,” would continue under China’s 15th Five-Year Plan.
TTASSOriginal★★★★☆2026-09-04 09:49
Rosneft CEO Igor Sechin said China has gained estimated cumulative economic savings of more than $27 billion since 2022 by purchasing Russian crude more cost-effectively than Middle Eastern alternatives. He said Russia and China’s positions in the global economy and energy sector provide a strong foundation for bilateral synergy.
TTASSOriginal★★★☆☆2026-09-04 09:41
According to business daily Kommersant, shoppers at large malls in European Russia are directing more of their spending toward groceries. Sampa, which manages Sberbank’s malls, found grocery spending rose from 22% to 24% over the past year, while non-food spending fell from 8% to 5%. Experts linked the shift to declining purchasing power and stronger focus on essentials.
MMeduzaOriginal★★★☆☆2026-09-04 09:37
India will conclude a trade agreement with the US only if Washington offers tariff terms that give Indian exporters an edge over competitors, Commerce Minister Piyush Goyal said. His remarks point to preferential tariff treatment as a central obstacle in the protracted negotiations.
BBloomberg NewsOriginal★★★☆☆2026-09-04 09:30
Greek marine fisheries caught more than 42,000 tonnes of fishery products in 2025, worth €166.6 million. The Northern Aegean accounted for slightly more than two-thirds of production, with anchovy the dominant catch.
EeuronewsOriginal★★☆☆☆2026-09-04 09:04
Friday’s jobs report is expected to offer a key reading on the U.S. economy as consumers cope with elevated inflation and central bankers consider a possible interest-rate increase.
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ABC NewsOriginal★★★☆☆2026-09-04 09:01
The August jobs report is expected to indicate that weak hiring continued through the summer, following a contraction of 23,000 jobs in the labor market the previous month.
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NBC NewsOriginal★★★☆☆2026-09-04 09:00
Some Nova Scotia artists have stopped selling their work to U.S. customers after President Donald Trump introduced a 50 per cent tariff on nearly $28 billion worth of Canadian goods, including original art.
CCBC NewsOriginal★★☆☆☆2026-09-04 09:00
Sudden departures from several of India’s leading private banks in recent months have highlighted shortcomings in succession planning. Investors are questioning whether the lenders can remain committed to their long-term business strategies.
RReutersOriginal★★★☆☆2026-09-04 08:35
A sharp global sell-off is sweeping through bond markets, sending ripples across consumers and investors. The report explains how changes in the bond market can affect people in Canada.
CCBC NewsOriginal★★★☆☆2026-09-04 08:00
AMC shares rose 21% overnight after its CEO criticized Robinhood for offering what he called “outrageous” tokenized shares. OpenAI had previously made a similar complaint, saying it had not authorized the transfer of its shares.
TThe BlockOriginal★★☆☆☆2026-09-04 07:59
AMC CEO Adam Aron said the company has no connection to Robinhood’s tokenized shares, reviving questions about how stocks are brought onto the blockchain.
Financial pressure on some of Indonesia’s largest state-owned construction companies, linked to former President Joko Widodo’s infrastructure drive, could force current leader Prabowo Subianto’s sovereign wealth fund Danantara to spend more restructuring them. That may leave less capacity for new investments.
BBloomberg NewsOriginal★★★☆☆2026-09-04 07:45
Some Chinese rare earth suppliers are refusing to ship to the United States because they fear repercussions from Beijing, according to three sources. The situation highlights continued U.S. concerns over access to the materials weeks before President Xi Jinping is due to visit Washington.
RReutersOriginal★★★★☆2026-09-04 07:25
Japan’s household spending declined for an eighth consecutive month in July. Government officials attributed the continued decrease in part to consumers maintaining thrifty habits.
NNHK WORLD-JAPANOriginal★★★☆☆2026-09-04 07:08
Volkswagen shares rose 7% in early Frankfurt trading after the supervisory board of Europe’s largest automaker reached a major turnaround agreement late Thursday.
RReutersOriginal★★☆☆☆2026-09-04 06:50
The July increase in Germany’s industrial orders outpaced expectations, as sales of ships, railway rolling stock and aircraft drove the gain.
RReutersOriginal★★★☆☆2026-09-04 06:45
Chinese companies are becoming more prominent in Egypt across smartphones, electric vehicles and household appliances. As China and Egypt mark 70 years of diplomatic ties, the report examines how Made-in-China products have become indispensable in Egyptian households.
C
CGTNOriginal★★☆☆☆2026-09-04 06:12
Chinese brands are increasingly visible in Egypt, spanning smartphones, electric vehicles and home appliances. As China and Egypt mark 70 years of diplomatic ties, the report examines how Made-in-China products have become an indispensable part of everyday life for Egyptian households.
CCGTNOriginal★★☆☆☆2026-09-04 06:12
Russia sold 114,300 new passenger cars in August, down 6.5% from a year earlier, according to Autostat. Lada, Haval, Tenet, Geely and Changan were the leading brands. Sales for the first eight months of 2026 reached 845,000, up 9.3% year on year.
TTASSOriginal★★☆☆☆2026-09-04 05:30
Stella Qiu looks ahead to the next day in European and global markets, suggesting that payrolls may not be the data markets are seeking.
RReutersOriginal★★☆☆☆2026-09-04 05:25
Germany’s growing openness to a takeover of Commerzbank by UniCredit CEO Andrea Orcel, after years of efforts by Orcel, could encourage other European countries and banks to embrace further consolidation in the banking sector.
RReutersOriginal★★★☆☆2026-09-04 05:10
Presidential adviser and Eastern Economic Forum organizing committee executive secretary Anton Kobyakov said 318 agreements worth nearly 7 trillion rubles, or about $81 billion at current exchange rates, were signed during the forum. The total excludes agreements covered by commercial non-disclosure provisions.
TTASSOriginal★★★☆☆2026-09-04 04:34
Health and fitness ring maker Oura Inc. has filed for an initial public offering in the US, reporting sharply higher revenue alongside growing losses.
BBloomberg NewsOriginal★★☆☆☆2026-09-04 04:30
Oura, the company behind the Oura Ring smart wearable, filed paperwork on Thursday for an initial public offering in the United States.
U.S. payroll growth was likely to recover in August as the earlier drag from local-government education reversed. The rebound could be constrained, however, by job losses tied to the termination of Temporary Protected Status for Haitian immigrants.
RReutersOriginal★★★☆☆2026-09-04 04:20
Potential buyers beyond Red Wings and Yakutia Airlines are discussing purchases of Tu-214 aircraft, Deputy Industry and Trade Minister Gennady Abramenkov told TASS. The Russian twin-engine medium-range jet is designed for flights of up to 4,500 km.
TTASSOriginal★★☆☆☆2026-09-04 04:06
US fintech Chime offers a valuable lesson for newly listed companies: reliability is the key to winning in a K-shaped consumer finance market.
FFinancial TimesOriginal★★☆☆☆2026-09-04 04:00
Companies linked to Donald Trump are competing for deals involving Venezuela’s oil as the US takes control of the country’s beleaguered energy sector. Those capitalising include appointees, a donor and a recent administration official.
FFinancial TimesOriginal★★★★☆2026-09-04 04:00
An oil agreement between U.S. President Donald Trump and interim Venezuelan President Delcy Rodriguez is being rejected by Venezuela’s opposition and by some members of Rodriguez’s own party. Venezuelan Canadians with long careers in the oil industry call the deal illegitimate and say it will be repudiated.
Critics describe the multi-billion-dollar US oil agreement in Venezuela as modern-day colonialism. The deal reportedly gives the United States control of 20 percent of Venezuela’s oil reserves for decades without approval from the country’s legislature.
More than 27,000 electric vehicles were sold in Australia in August, accounting for 24.9% of new-car sales and overtaking petrol vehicles for the first time. High fuel prices and a federal emissions standard helped drive the shift; plug-in vehicles together made up 36% of sales.
TThe GuardianOriginal★★★☆☆2026-09-04 03:26
Asian shares climbed on Friday as investors joined a global rally ahead of crucial U.S. jobs data. Federal Reserve official Christopher Waller eased concerns about rate hikes, giving bonds some relief and pushing the dollar lower.
RReutersOriginal★★☆☆☆2026-09-04 03:10
U.S. Energy Secretary Chris Wright said an agreement between Venezuela and GE Vernova is intended to stabilize Venezuela’s troubled power grid within six months to a year, while expanding and improving it over the following years.
RReutersOriginal★★★☆☆2026-09-04 02:20
Russian First Deputy Prime Minister Denis Manturov says relevant ministries are finalizing initiatives to restore damaged oil-refining capacity. He identifies the tight deadlines and the need to resume operations quickly as the main challenges.
TTASSOriginal★★★☆☆2026-09-04 02:11
Russia’s fuel and energy sector is actively working to restore affected refining capacity, First Deputy Prime Minister Denis Manturov said. He added that the government had created a cooperation network linking energy companies, engineering design institutes and equipment manufacturers to repair refinery infrastructure.
Brazilian planemaker Embraer said it has signed an agreement to deliver eight additional E190-E2 regional jets to Japan’s ANA Holdings. The deal expands ANA’s 2025 firm order to 23 aircraft.
RReutersOriginal★★☆☆☆2026-09-04 01:40
South Korea’s Industry Ministry said on Friday that four U.S. companies have committed a combined $2 billion for investments in the country spanning semiconductors, advanced materials and energy.
RReutersOriginal★★★☆☆2026-09-04 00:30
More than 300 U.S. companies continue operating in Russia despite Washington’s ban or discouragement, and do not plan to leave, according to Anton Kobyakov, a presidential adviser and executive secretary of the Eastern Economic Forum’s organizing committee. He said the Russian government does not obstruct companies that stay, treating them equally with local firms as Russian economic operators.
TTASSOriginal★★★☆☆2026-09-04 00:19
Subscribe to Bloomberg’s weekly newsletter for emerging trends, winners and losers, and market opportunities in the global banking industry, and read the latest edition.
BBloomberg NewsOriginal★☆☆☆☆2026-09-03 23:00
The Minutes Reader extension turns the original page into a focused reading view and translates articles and video subtitles on demand. It is in limited beta.
