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News
Oil surges back above $100 a barrel as diesel climbs to a record $5.94 per gallon
4+ day, 18+ hour ago (513+ words) The price of oil surpassed $100 a barrel for the first time since July after attacks on oil facilities and ships in the Middle East threatened to debilitate an already weakened supply chain. Brent crude, the international standard, jumped nearly 3% to…...
'They definitely understood the moment': Mysterious family gifts $50 million to Americares???adding to the list of individuals plugging funding holes
4+ day, 18+ hour ago (403+ words) A major American aid group is promising to deliver more medicines in high-need areas around the world after receiving its largest ever donation. Americares, a nonprofit that supports thousands of health centers globally, announced a $50 million gift Wednesday from an…...
Nearly 4 in 10 Argentines under 25 are behind on their debts
4+ day, 21+ hour ago (708+ words) At 18, Martín Taborda began studying law at Argentina’s prestigious University of Buenos Aires, hoping to become the first in his family to graduate. Just two years later, that dream has slipped out of reach. Unemployed and $1,300 in debt, he can…...
Canada's pivot to Asia is finally real. The challenge is that neither side knows much about the other
6+ day, 17+ hour ago (591+ words) Come Sept. 8, some $20 billion’s worth of U.S. goods will be subject to Canadian counter-tariffs of up to 50%. They follow the 50% duties imposed by Washington on Canadian goods on Aug. 22. Yet U.S. President Donald Trump’s renewed focus on Canada should be…...
Some Vegas hotels are so desperate for Canadian tourists they're treating Canada's dollar as equivalent to the U.S. greenback to offer more value
1+ week, 21+ hour ago (780+ words) Appeals from American tourism organizations seemed to be everywhere Josh Loewen looked over the last year. Billboards and banners proclaimed a state or city’s love for Canada. Online and social media ads offered special deals for travelers from north of…...
Josh Kushner says Thrive would have stayed away from FIFA's $4.2 billion World Cup deal if it had known what was coming
1+ week, 2+ day ago (486+ words) Joshua Kushner, brother of President Donald Trump’s son-in-law Jared and the founder of VC firm Thrive Capital, has some regrets about a failed plan to allow private investors to take a stake in the World Cup. In a statement published…...
As U.S. Treasury moved to shore up its bond market, the Netherlands rushed 86 tons of gold out of America because of 'geopolitical unrest"
1+ week, 4+ day ago (378+ words) The DNB hasn’t reallocated all of its gold reserves outside North America—of the 612 tons it holds, 18.5% remains in New York and Ottawa. But the situation wasn’t lost on economists in the current climate, in which a series of actions…...
China is beating Germany at its own game of making highly engineered machinery and Europe is struggling to keep up
1+ week, 4+ day ago (641+ words) The heart of the German economy is making and exporting the big-ticket, complex goods that make global business run: everything from cars and locomotives to factory machinery, aircraft and construction equipment. That model for growth is under serious pressure from…...
I'm working with Venezuela to kill its inflation. Trump???s secret oil deal with Delcy Rodriguez is illegitimate??? and unhelpful
2+ week, 32+ min ago (402+ words) This deal took not only me, but everyone I am in touch with in Caracas by surprise. That being said, it is vital to understand the importance of establishing clear private property rights in Venezuela’s vast oil reserves. The establishment…...
The U.S. doesn't have a state-owned oil giant. But in Venezuela, the federal government will control a company with the world's 2nd largest reserves
2+ week, 1+ day ago (592+ words) Many of the world’s top oil countries have state-run national champions, such as Saudi Arabia’s Aramco, Russia’s Rosneft, the UAE’s Abu Dhabi National Oil Company, Brazil’s Petrobras, and Mexico’s Pemex. But the U.S., which is the world’s biggest oil…...