U.S. sanctions on Cuba broaden to hit tourism ministry, paramilitary units and state trading firms U.S. sanctions on Cuba expand to include the Tourism Ministry, paramilitary groups and state trading …
announces
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Business
German Government Announces Law to Bar Berlin from Nationalizing Private Apartments
by Leo Müllerby Leo MüllerFederal Government Moves to Block Berlin Housing Nationalization Federal government moves to block Berlin housing nationalization as city debates expropriation; political, legal and market consequences across Germany. Germany’s federal government …
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Technology
Yosemite announces first close of $350 million oncology fund backing AI-driven drug discovery
by Helga Moritzby Helga MoritzYosemite venture firm closes first close of second fund, eyes AI-driven oncology breakthroughs Yosemite venture firm secures first close of a $350M-target fund, using AI and philanthropy to build oncology …
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Business
Volkswagen announces halving of model range, leaves plant and job futures uncertain
by Leo Müllerby Leo MüllerVolkswagen model range to be halved as supervisory board defers plant and job decisions VW to halve model range while supervisory board postpones decisions on plant closures and job cuts; …
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Business
Meta announces $9.17 billion Alberta data center powered by Pembina gas plant
by Leo Müllerby Leo MüllerMeta data center in Canada: Meta to build $9.17bn facility in Alberta Meta will build a $9.17bn data center in Sturgeon County, Alberta, a one-gigawatt facility that Meta says will …
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Technology
Deepseek announces custom AI chips to cut reliance on major chipmakers
by Helga Moritzby Helga MoritzDeepseek to Build Custom AI Chips to Reduce Dependence on Major Chipmakers Chinese AI startup Deepseek plans custom AI chips for pretrained model use, aiming to reduce reliance on major …
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Politics
Strait of Hormuz: Iran announces preferential passage fees for China, moves to cement control
by Hans Ottoby Hans OttoIran Proposes Fees and Preferential Rates for Passage Through the Strait of Hormuz Iran plans fees and special rates for partners using the Strait of Hormuz as US–Iran talks stall; …
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Politics
German foreign minister condemns Turkish FM remarks on Israel, announces visit
by Hans Ottoby Hans OttoGermany Condemns Hakan Fidan Israel Remarks, Wadephul to Visit Tel Aviv German FM Johann Wadephul condemns Hakan Fidan’s Israel remarks as “completely inappropriate” and will meet Israeli officials to ease …
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Business
OPEC+ announces August oil output increase of 188,000 barrels per day
by Leo Müllerby Leo MüllerOPEC+ Confirms August Oil Production Increase of 188,000 Barrels a Day OPEC+ will raise oil production in August by 188,000 barrels per day, the cartel said, signaling a cautious expansion …
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Business
OPEC+ announces modest August production increase of 188,000 barrels per day
by Leo Müllerby Leo MüllerOPEC+ to Raise Oil Output by 188,000 Barrels per Day in August OPEC+ will expand oil production in August by 188,000 barrels per day, the group announced, a measured increase …