World’s biggest wealth fund eyes ditching $80 bn in US Treasuries
Norway’s wealth fund could cut US Treasuries by nearly $80 billion as Washington faces rising debt and weakening…
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Europe’s biggest carmaker to shed 100,000 jobs in historic overhaul
Volkswagen is set to shed around 100,000 jobs worldwide and could shut four German plants Read Full Article at RT.com
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Ukrainian attacks fueling global ‘energy shock’ – US Treasury secretary (VIDEO)
Ukrainian attacks on Russian energy assets have pushed global prices higher, US Treasury Secretary Scott Bessent has…
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The EU wanted a green revolution. It may get a rust belt instead
Europe’s 2026 drought has exposed the energy risks facing Central Europe’s factories, power grids and nuclear plants…
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Loss of cheap energy harmed EU economy – von der Leyen
European Commission President Ursula von der Leyen has acknowledged that the loss of cheap energy imports has harmed…
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Jackson Hole preview: US Fed’s Warsh to deliver keynote amid bond markets fears
Kevin Warsh will speak in Jackson Hole in a keynote that will garner significant attention in light of the recent…
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Iran war drives US farmers into worst crisis in 40 years – FT
US farmers are facing their worst crisis in 40 years as Washington’s war on Iran drives up fuel and fertilizer costs,…
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Russia and China expand trade via Arctic sea route
Russia and China are expanding trade via the Northern Sea Route, with the first Chinese container ship arriving at the…
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US debt tops $40 trillion months earlier than expected
US national debt has surpassed $40 trillion months earlier than forecast as deficits, wars and rising interest costs…
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Russia rejects ‘screwdriver assembly’ model for foreign business – Putin aide
Russia seeks foreign technology and management expertise, not investment in basic assembly, Kremlin adviser Anton…
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Meta and TikTok fail to halt thousands of social media addiction lawsuits
A US court has allowed thousands of social media addiction lawsuits against Meta, TikTok, and other platforms to…
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Trump orders 15% tariff on key chip material to challenge China
US President Donald Trump has ordered new tariffs and import price floors on polysilicon, escalating tech rivalry with…
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US says rich-poor gap closing despite soaring living costs
US Treasury Secretary Scott Bessent has said the US rich-poor gap is closing even as inflation and high living costs…
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US intervenes as Japan dumps Treasuries to rescue plummeting yen
Japan and the US have officially confirmed an extraordinary joint intervention to rescue the yen after its collapse…
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US bans Chinese humanoid robots
The US has banned Chinese robots amid an intensifying rivalry to dominate advanced technology and the AI sector Read…
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Chinese chip giant defies US pressure with 466% debut surge
CXMT’s shares surged 466% in Asia’s biggest IPO of 2026, despite years of US export curbs Read Full Article at RT.com
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Porsche to cut another 5,000 jobs in Germany
Its parent company, Volkswagen, is considering slashing up to 100,000 jobs as Berlin’s energy policies deepen an…
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EU lifts sanctions on luxury Russian export
The EU has lifted sanctions on Russian sable pelts after pressure from heavily dependent member states, Euractiv has…
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Oil back at $100: Time to worry?
The renewed surge in oil prices toward $100 amid this week’s Middle East escalation paints a worrying picture as global…
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Chinese auto-giant gains EU foothold
Chinese auto-giant Geely will manufacture electric cars at Ford’s underused plant in Spain under a deal announced by PM…
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EU buying record Russian LNG volumes with total ban looming – FT
The EU has imported a record volume of Russian LNG months before its planned 2027 ban takes effect, the FT has said…
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Western banks sue German firm over Russia pullout – FT
Western banks have reportedly sued German firm Linde over losses after its pullout from a Russian gas project due to EU…
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EU targets Meta over ‘addictive’ Facebook and Instagram design
EU regulators have accused Meta of failing to protect Facebook and Instagram users from “addictive” design features…
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IEA issues oil demand warning
The IEA forecasts a 1 million barrel-a-day decline in global oil demand in 2026 as the Iran war continues to disrupt…
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Germany to hit its industry with more energy tariffs
German manufacturers could be forced to pay millions of euros per year to build a strategic natural gas reserve Read…
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German corporate bankruptcies hit 21-year high
Nearly 5,000 German companies went bankrupt in the second quarter of 2026, according to the Halle Institute for…
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US LNG exporter cashes in on Iran war
Disruption due to the Iran war has pushed LNG prices higher, helping US exporter Venture Global post a sharp rise in…
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Corruption suspected at Ukrainian shipping giant – media
The Ukrainian state Danube Shipping Company has been plagued by corruption “for decades,” according to a leaked letter…
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Running on empty: What’s driving Europe’s auto industry crisis?
European automakers are facing the perfect storm fueled by high energy prices, green policies, and global competition…
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Why Europe still needs Russia to keep the lights on
The EU wants to end reliance on Russian nuclear fuel, but enrichment capacity, VVER reactors, and fuel-assembly…
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US strategic oil reserve at risk – watchdog
US emergency oil stockpile may struggle to respond to future crises after years of heavy drawdowns and aging…
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Trump discloses $1.4 billion crypto profits
US President Donald Trump reported more than $1.4 bn in income from cryptocurrency ventures, according to his latest…
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EU facing winter gas shock – FT
The EU reportedly risks starting winter with gas stocks at 15-year low as LNG supplies tighten and Russian gas imports…
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German auto giant to slash 100,000 jobs – Reuters
Volkswagen is reportedly weighing the closure of four German factories with the loss of 100,000 jobs Read Full Article…
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US issues energy threat to EU
The US has threatened to divert LNG supplies from the EU unless it eases methane rules imposed on foreign exporters…
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Historic 400-year-old German brewery files for bankruptcy
Hofbrauhaus Wolters, one of Germany’s oldest breweries, has filed for bankruptcy, citing increased energy costs Read…
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