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Tag: Risk Topics

  • Trump Declares That Airspace Around Venezuela Should Be Considered Closed

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    President Trump on Saturday said that the airspace surrounding Venezuela should be considered closed, ratcheting up tensions with the Maduro regime and offering yet another sign that he is considering striking targets on land. 

    “To all Airlines, Pilots, Drug Dealers, and Human Traffickers, please consider THE AIRSPACE ABOVE AND SURROUNDING VENEZUELA TO BE CLOSED IN ITS ENTIRETY,” Trump posted on Saturday morning. 

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    Shelby Holliday

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  • Mystery Blasts Rock Russia-Linked Oil Tankers Off Turkey’s Coast

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    Explosions rocked two tankers sanctioned for carrying Russian oil, the latest in a spate of blasts on such vessels, sparking a rescue operation off Turkey’s Black Sea coast.

    The 900-foot Kairos was en route from Egypt to Russia when it suffered a blast and caught fire, according to Turkish authorities. Emergency response vessels managed to evacuate its 25 crew members. Meanwhile, the 820-foot Virat began spewing heavy smoke from its engine room after being hit at a point farther east along the coast. The 20 personnel on board were in good condition, authorities said.

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    Georgi Kantchev

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  • Trump Administration Blocks Gunvor Takeover of Russian Oil Assets

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    Gunvor pulled its offer to buy the international assets of sanctioned Russian oil producer Lukoil after the U.S. Treasury Department said it opposed the deal and called the Swiss commodities trader the “Kremlin’s puppet.”

    The move signals the Trump administration is taking a hard-line approach in its recently launched effort to use economic pressure on Moscow to end the war in Ukraine.

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    Georgi Kantchev

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  • German Industrial Production Rebounds Weakly Amid Tentative Hopes Over Outlook

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    Industrial production in Europe’s largest economy rebounded less than expected in September, amid hopes that the outlook could be changing for the sector ahead of large-scale government investment.

    Output rose 1.3% on month, Germany’s statistics agency Destatis said Thursday, offsetting some of the 3.7% decline in August. Economists polled by The Wall Street Journal expected a larger 2.5% uptick.

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    Ed Frankl

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  • Bank of Canada Gov. Macklem Tells Lawmakers Rate Policy at ‘Right’ Level

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    OTTAWA—Bank of Canada Gov. Tiff Macklem told lawmakers Wednesday that central-bank policymakers believe the current rate policy appears appropriate to balance inflation risks while providing the economy with support.

    His opening remarks before the Canadian legislature’s finance committee largely mirrored his comments when announcing a quarter-point cut last week, taking the benchmark interest rate to 2.25%—or 2.75 percentage points lower over a 16-month period.

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    Paul Vieira

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  • How China’s Chokehold on Drugs, Chips and More Threatens the U.S.

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    BEIJING—China has demonstrated it can weaponize its control over global supply chains by constricting the flow of critical rare-earth minerals. President Trump went to the negotiating table when the lack of Chinese materials threatened American production, and he reached a truce last week with Chinese leader Xi Jinping that both sides say will ease the flow of rare earths.

    But Beijing’s tools go beyond these critical minerals. Three other industries where China has a chokehold—lithium-ion batteries, mature chips and pharmaceutical ingredients—give an idea of what the U.S. would need to do to free itself fully from vulnerability. 

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    Yoko Kubota

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  • Canada Plans Wider Deficits to Jolt Economy

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    OTTAWA—Canada said Tuesday it intends to run wider deficits to finance spending and tax measures aimed at unleashing the massive private-sector investments the economy needs to rebuild amid a protectionist U.S.

    To offset some of the elevated costs, Prime Minister Mark Carney’s government said it would cut the size of the federal public-sector workforce by about 5%, or 16,000 jobs.

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    Paul Vieira

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  • China Is Filling Up Its Oil Reserves Fast

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    China has spent months building up its oil reserves. That might come in handy in the wake of the new sanctions the U.S. recently imposed on Russian crude.

    During the first nine months of the year, the world’s second-largest economy imported on average more than 11 million barrels of oil a day, an amount above the daily production of Saudi Arabia, according to official customs data. Analysts estimate 1 million to 1.2 million of those barrels were stashed in reserves each day.

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    Rebecca Feng

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  • U.S. Imposes Sanctions on Colombia’s President Over Drug-Trafficking Accusations

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    WASHINGTON—The Treasury Department has sanctioned Colombian President Gustavo Petro and his family, alleging his government has aided drug traffickers.

    “President Petro has allowed drug cartels to flourish and refused to stop this activity,” Treasury Secretary Scott Bessent said.

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    Alex Leary

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  • Russia’s Central Bank Cuts Key Rate as New Sanctions Loom

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    Russia’s central bank on Friday lowered its key interest rate for a fourth straight meeting as an already slowing economy braces for the impact of fresh sanctions from the U.S. and the European Union in response to President Vladimir Putin’s continued war on Ukraine.

    The Bank of Russia cut its key rate to 16.5% from 17%, having begun to lower borrowing costs from a recent peak of 21% in June. The move was smaller than previous cuts.

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    Paul Hannon

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  • U.S. Imposes Substantial New Sanctions on Russian Oil Giants

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    WASHINGTON—President Trump has announced substantial new sanctions on Russia’s two biggest oil companies as frustration in Washington grows over the war in Ukraine.

    The new sanctions, which would be the first direct U.S. measures on Russia during the second Trump administration, target Lukoil and Rosneft as well as nearly three dozen of their subsidiaries. Oil is one of Russia’s largest sources of revenue.

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    Robbie Gramer

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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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  • 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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  • 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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  • What to Know About the Gaza Deal

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    A deal to release hostages held by Hamas and establish a cease-fire in Gaza was approved Thursday by Israel’s government.

    The deal was struck amid talks that followed after Israel and Hamas tentatively accepted a 20-point peace plan announced by President Trump last week. Trump sent his special envoy, Steve Witkoff, and son-in-law Jared Kushner to Egypt to finalize negotiations.

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    [ad_2] Michael R. Gordon
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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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  • Canada’s Banking Sector Needs Increased Competition, Bank of Canada Official Says

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    OTTAWA—The Bank of Canada’s No. 2 official endorsed a competition shakeup in the highly concentrated financial-services industry, saying the country’s banking sector is an oligopoly and changes could help lift Canada’s prolonged productivity slump.

    Carolyn Rogers, the central bank’s senior deputy governor, on Thursday said Canadian authorities have done a stellar job in regulating banks by ensuring they have enough capital to survive shocks such as the 2008-09 financial crisis and the Covid-19 pandemic. “It would also be hard to argue, on any objective measure, that Canada’s banking system is anything other than an oligopoly,” Rogers told a blue-chip Toronto audience.

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    Paul Vieira

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  • International Criminal Court Convicts Sudanese Militia Leader of War Crimes

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    The International Criminal Court found a Sudanese militia leader guilty of committing war crimes and crimes against humanity in Darfur two decades ago, a rare conviction for an institution whose international standing is under threat from U.S. sanctions and sexual assault allegations against its chief prosecutor.

    A panel of three judges at the ICC in The Hague convicted Ali Muhammad Ali Abd-Al-Rahman of being a commander in the Janjaweed, a feared militia of mostly Arab fighters who terrorized civilians across the Darfur region in 2003 and 2004, in a conflict that left hundreds of thousands dead. Abd-Al-Rahman ordered his fighters to brutalize villages in the region where they engaged in mass rape and killings, the judges said Monday. Abd-Al-Rahman exhorted his soldiers with the phrase “wipe out and sweep away” before they attacked, according to the decision.

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    [ad_2] Matthew Dalton
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  • France Detains Russian ‘Shadow Fleet’ Tanker Suspected in Drone Attack

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    PARIS—French authorities detained crew members of a tanker carrying Russian crude oil and are investigating whether it played a role in last week’s drone incursions in Denmark.

    French soldiers boarded the tanker, which is under Western sanctions, as it was en route to India from Russia’s Baltic Sea port of Primorsk. The vessel was traveling south through the Bay of Biscay when it turned east and headed toward Saint-Nazaire, home to Europe’s largest shipyard, according to the ship-tracking service Kpler. Authorities took the tanker’s captain and second-in-command into custody.

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    Matthew Dalton

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  • German Firm’s African Green-Energy Project Runs Into Ghosts From Past

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    NAIROBI, Kenya—A giant hydrogen-generation project in Africa is pitting German clean-energy executives against descendants of victims of Germany’s forgotten colonial genocide.

    A major German renewables company, Enertrag, aims to build one of the world’s biggest green hydrogen plants, called Hyphen Hydrogen Energy, on the Atlantic coast of Namibia, Germany’s former colony in southwestern Africa. If all goes well, the company predicts the $10 billion facility, powered by wind and solar, will help wean Europe off oil and gas and create thousands of jobs in Namibia. Last year, Germany announced its intention to recognize Hyphen as a project of strategic national interest, which would qualify it for special funding and investment from the German government.

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    Caroline Kimeu

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