ReportWire

Tag: industrial news

  • How Venezuela’s Maduro Became Coup-Proof After Years of Military Purges

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    For years, Venezuelans fighting to unseat President Nicolás Maduro have hoped the country’s military would do the job for them. But even with a menacing U.S. Navy buildup currently offshore, the strongman is virtually coup-proof.

    The leftist leader has purged officers accused of conspiring against him, jailing and sending them into exile. The vaunted intelligence service of close ally, Cuba, has worked to identify plots and renegades, with intelligence officers placed in every unit.

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    Juan Forero

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  • Drone Threats Ignite Burst of Counterdrone Wizardry

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    Startups from Silicon Valley to Europe and beyond are racing to develop cheap, reliable systems to counter hostile drones.

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    Bertrand Benoit

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  • Exclusive | How a Handyman’s Wife Helped an Hermès Heir Discover He’d Lost $15 Billion

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    Nicolas Puech says his wealth manager isolated him from friends and family and siphoned away a massive fortune. Then came the clue that began to reveal the deception.

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    Nick Kostov

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  • Trump Organization Expands in India, Where Many of Its Partners Face Accusations

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    GURUGRAM, India—When the Trump Organization in April announced another luxury real-estate project in India, Eric Trump gave a shout out to his local partners for helping accelerate the brand’s expansion.

    “We’re incredibly excited to launch our second project in Gurgaon,” Eric Trump, who runs day-to-day operations, using the former name for the city near New Delhi. “And even prouder to be doing it once again with our amazing partners.”

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    Rory Jones

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  • Interactive Brokers Logs Higher Profit, Revenue as Trading Volume Climbs

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    Interactive Brokers Group IBKR -1.79%decrease; red down pointing triangle posted higher profit in the third quarter as traders continued to pour into stocks and options.

    The online brokerage platform said Thursday that client trading volumes in stocks and options climbed 67% and 27%, respectively, in the quarter. Futures volume, meanwhile, decreased 7%. Customer accounts increased by 32% to 4.1 million, with customer equity up 40% to $757.5 billion.

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  • Opinion | Allies United Against China on Rare Earths

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    Treasury Secretary Scott Bessent said Wednesday he plans to coordinate with allies to counter China’s weaponization of rare-earth minerals. It’s the right move, though he might find it easier to rally the world if President Trump weren’t also hitting our allies with unprovoked unilateral tariffs.

    Mr. Bessent earlier in the week accused Beijing of pointing “a bazooka at the supply chains and the industrial base of the entire free world,” by threatening global export controls on products that contain even minuscule amounts of Chinese rare earths. He’s right. China has a stranglehold on these minerals, and it’s a serious problem.

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    The Editorial Board

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  • China, Betting It Can Win a Trade War, Is Playing Hardball With Trump

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    In its trade standoff with Washington, Beijing thinks it has found America’s Achilles’ heel: President Trump’s fixation on the stock market.

    China’s leader, Xi Jinping, is betting that the U.S. economy can’t absorb a prolonged trade conflict with the world’s second-largest economy, according to people close to Beijing’s decision-making. China is holding a firm line because of its conviction, the people said, that an escalating trade war will tank markets, as it did in April after Trump announced his so-called Liberation Day tariffs, prompting Beijing to hit back.

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    Lingling Wei

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  • Spain’s Grid Operator Denies Risk of Imminent Power Blackout After Sharp Voltage Swings

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    Spain’s electricity-grid operator said there was no risk of an imminent second major blackout in the country after detecting two sharp voltage variations in recent weeks.

    Red Electrica which operates Spain’s grid, and in which the Spanish government owns a 20% stake, said the recent voltage swings didn’t pose a risk to the supply of electricity because they didn’t surpass the acceptable limits.

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    Cristina Gallardo

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  • China Adds Hanwha Ocean’s Units to Sanctions List

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    Hanwha Ocean’s 042660 -5.76%decrease; red down pointing triangle shares slid Tuesday after Beijing added five of the South Korean shipbuilder’s subsidiaries to a sanctions list over their alleged role in a U.S. probe into the Chinese shipping industry.

    The stock plunged as much as 9% before paring losses. It closed 5.8% lower at 103,100 won, equivalent to $72.28, compared with the benchmark Kospi’s 0.6% fall.

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    Kwanwoo Jun

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  • How China and the U.S. Are Racing to De-Escalate the Trade War

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    President Trump is trying to publicly de-escalate tensions with China to soothe markets while privately keeping up pressure on Beijing—a difficult balancing act that is being closely watched by Wall Street.

    After threatening additional 100% tariffs on Chinese imports starting Nov. 1, Trump in recent days spoke with senior officials, including Treasury Secretary Scott Bessent, about sending a message to the world that the U.S. wants to de-escalate trade tensions with China, according to people familiar with the matter.

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    Brian Schwartz

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  • Dutch Government Takes Control of Chip Maker From Chinese Parent

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    The Dutch government wrested control of a Netherlands-based semiconductor company from its Chinese owner, a new flare-up in tensions between China and the West over key technologies and materials.

    Officials at the Dutch Economic Affairs Ministry said Sunday that they had assumed the power to block or reverse decisions at Nexperia 600745 -10.00%decrease; red down pointing triangle, which is owned by China’s Wingtech Technology, to keep Europe from losing “technological knowledge and capabilities” necessary for its economic security.

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    Sam Schechner

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  • Trump’s Fresh Tariff Assault Threatens China’s Fragile Economy

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    Beijing was already seeing growth slow before Trump announced the latest 100% tariff increase, part of a trade-war flare-up that China has blamed on the U.S.

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    Hannah Miao

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  • To Tackle a Baby Shortage, Tokyo Tries Easing the Pain of Childbirth

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    TOKYO—When Moeko Nishimura was preparing for the birth of her second child last year, she dreaded a rerun of the intense pain and slow recovery she experienced when her first child, a girl, was born in 2019. 

    So when the time came, she opted for an epidural. Though common in the U.S. and many parts of Europe, the pain-relief procedure is much rarer in Japan, where some believe that women who endure childbirth without pain-relief enjoy closer bonds with their children. 

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    Jason Douglas

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  • Qatar Facility at U.S. Air Force Base in Idaho Sparks Controversy

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    A Friday announcement by Defense Secretary Pete Hegseth about a new training arrangement with Qatar’s Air Force has sparked a backlash from President Trump’s supporters, prompting him to issue a clarification later in the day.

    During a visit by Qatar’s defense minister, Hegseth announced a new facility that would be built at the Mountain Home Air Force Base in Elmore County, Idaho, to host and train Qatari pilots on U.S.-made F-15s.

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    Michael R. Gordon

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  • Four Things to Know About Beijing’s Rare-Earths Bombshell

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    Ahead of a potential meeting between President Trump and Chinese leader Xi Jinping, Beijing dropped a bombshell: China was further restricting access to the supplies that American companies need for computer chips, cars and other technology. The move gives China leverage ahead of expected trade talks with Washington.

    Here’s what to know.

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    Stu Woo

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  • Canada’s Bank Supervisor to Propose Easing of Financial-Stability Rules

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    OTTAWA—Canada’s banking regulator said the watchdog would issue proposals in the coming months to ease capital-buffer requirements amid the abrupt change in the geopolitical dynamics fueled by President Trump’s tariff policy.

    Peter Routledge, the head of the Office of the Superintendent of Financial Institutions, said domestic lenders “argue that the shift before us demands more intelligent risk-taking, risk-taking to help economies shift their economic model to the world emerging.”

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    Paul Vieira

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  • Trump Threatens Higher Tariffs on China Citing Restrictions on Rare-Earth Elements

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    President Trump threatened to raise tariffs and impose export controls on China and said there was “no reason” to meet with Chinese leader Xi Jinping after Beijing’s new restrictions on rare-earth materials marked an escalation in tensions between the countries.

    China this week announced new export restrictions on rare earth minerals, which are critical components of products from semiconductors to electric vehicles and jet fighters. China dominates processing capabilities for rare earth minerals, giving it leverage over the U.S. and other nations.

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    Gavin Bade

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  • China’s Rare-Earth Escalation Threatens Trade Talks—and the Global Economy

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    China’s newest restrictions on rare-earth materials would mark a nearly unprecedented export control that stands to disrupt the global economy, giving Beijing more leverage in trade negotiations and ratcheting up pressure on the Trump administration to respond.

    The rule, put out Thursday by China’s Commerce Ministry, is viewed as an escalation in the U.S.-China trade fight because it threatens the supply chain for semiconductors. Chips are the lifeblood of the economy, powering phones, computers and data centers needed to train artificial-intelligence models. The rule also would affect cars, solar panels and the equipment for making chips and other products, limiting the ability of other countries to support their own industries. China produces roughly 90% of the world’s rare-earth materials.

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    Amrith Ramkumar

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  • Opinion | Ukraine is Starving Russia of Oil

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    Ukrainian President Volodymyr Zelensky has labeled his military’s strikes on Russia’s oil infrastructure “the most effective sanctions.” Meanwhile, reports indicate that alongside urging Europe and India to halt purchases of Russian oil, Washington plans to share additional intelligence with Ukraine on Russian refineries, pipelines and other energy infrastructure.

    Most discussions about these “sanctions” have focused on their financial implications for Russia. Vladimir Putin relies heavily on corruption and patronage, with oil and gas serving as key revenue streams. Disrupting the flow could force Mr. Putin to choose between sustaining the war and maintaining the payouts to oligarchs and citizens that secure his political backing—though such an economic squeeze would take some time.

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    Michael Bohnert

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