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US-Venezuela oil deal gives Washington access to 65 billion barrels

U.S. President Donald Trump has announced an agreement giving the United States majority control over more than 65 billion barrels of Venezuela’s proven oil reserves, establishing a potentially far-reaching U.S. role in the country’s energy sector.

Trump threatens 50% tariffs on Canadian cars and trucks, Canada announces retaliatory tariffs

U.S. President Donald Trump has threatened to raise U.S. tariffs on Canadian cars, trucks and automotive parts to 50% from 25% beginning Jan. 1, 2027, escalating a trade confrontation with Ottawa after trade talks failed.

Anthropic’s $2 trillion IPO ambition raises stakes for global AI valuations

Anthropic investors are preparing to back a valuation of $2 trillion or more when the artificial intelligence company goes public in October, a figure that would surpass SpaceX’s record IPO valuation and make the Claude developer’s debut the largest...

Elon Musk becomes world’s first trillionaire after SpaceX’s huge IPO

Elon Musk has become the first person in history to surpass a net worth of $1 trillion, following the public market debut of SpaceX on the Nasdaq.

UAE’s e& sells 12.5% stake in Careem to Uber for $100 million

UAE telecommunications group e& has agreed to sell part of its stake in Careem Technologies to Uber Technologies for $100 million in cash

Europe EV sales surge as Iran War pushes fuel prices higher

Demand for electric vehicles across Europe has surged following a sharp rise in fuel prices linked to the Iran war

UAE to leave OPEC on May 1 in blow to oil cartel amid oil market turmoil

United Arab Emirates will withdraw from Organization of the Petroleum Exporting Countries (OPEC) on May 1, 2026

Google plans to invest up to $40 billion in Anthropic to expand AI compute capacity

Google has announced plans to invest up to $40 billion in artificial intelligence startup Anthropic PBC

Oil tops $105 as Strait of Hormuz standoff fuels global energy fears

Brent crude surged above $105 per barrel this week as escalating tensions between the United States and Iran disrupted traffic through the Strait of Hormuz, a critical global oil route. The benchmark settled at $105.07 on Thursday and held near...

AI disruption fears spark global market selloff

Global financial markets experienced a significant retreat this week as a wave of speculative concern regarding AI) disruption moved beyond the technology sector to impact logistics, real estate, and traditional finance.

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US-Venezuela oil deal gives Washington access to 65 billion barrels

U.S. President Donald Trump has announced an agreement giving the United States majority control over more than 65 billion barrels of Venezuela’s proven oil reserves, establishing a potentially far-reaching U.S. role in the country’s energy sector.